Cyient Ltd. News and Updates

Name: Latest research reports of Cyient Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: Cyient Ltd.
Rating: 5
Author: Axis Direct

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Cyient Ltd.

17 Jul 2017

1346.20

-0.04%

Result Update

Buy: Cyient Ltd.

Axis Direct

India ER&D; opportunity to almost double by 2020 to USD 15 bn: Also, Indian vendors service only 17% of outsourced spends, Top clients momentum remains strong: Business from Top 5 clients (43% of revenue) registered 37% growth in FY17 (long standing relationships and high stickiness due to critical ..

Cyient Ltd. has lost -25.55% in the last 1 Year

Cyient Ltd.

17 Jul 2017

1346.20

-0.04%

Cyient Ltd

Hold: Cyient Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research US$ revenues declined 0.3% QoQ to $140.6 million led by the weak performance in DLM (Rangsons) business owing to weak quarter seasonality. Rangsons clocked in US$11.8 million in revenue, decline of 26.2% sequentially. On the other hand, core services business was in line with expectations and grew 3.1% to US$128.8 million. Growth in core services was led by transportation, semiconductor and communications business units. Cyient reiterated its guidance of double digit revenue...

Cyient Ltd. is trading below its 100 day SMA of 1372.6

Cyient Ltd.

14 Jul 2017

1346.20

-0.04%

Cyient (1QFY18): Steady growth outlook. Maintain BUY

Buy: Cyient Ltd.

Recommendation Target

HDFC Securities

We maintain BUY with a TP to Rs 570, implying 13x FY19 earnings. Cyient 1QFY18 numbers were muted led by steep fall in Design Led Manufacturing (DLM) business (~9% of revenue, -26% QoQ), however revival in core IT services (+3.3% QoQ) was encouraging. Management remains optimistic about Cyients growth prospects. It has reiterated its guidance for double-digit growth in the core business, 20% YoY growth in DLM and a 50bps margin expansion despite rupee appreciation.

Cyient Ltd. has lost -28.77% in the last 6 Months

Cyient Ltd.

14 Jul 2017

1346.20

-0.04%

Result Review of Cyient

Buy: Cyient Ltd.

IDBI Capital

Cyient's Q1FY18 revenue, unchanged QoQ in US$, was in line with our forecast. The services business continued to fire, +3.2% QoQ in US$, and the DLM business saw a QoQ decline. However, the EBIT margin and EPS decline was a miss. Cyient has maintained its FY18 outlook with a double digit growth for the services business, 20%+ growth in DLM and operating margin improvement of 50bps YoY. We expect improvement from Q2FY18 and largely maintain our forecast FY17-19E...

Cyient Ltd. has lost -28.77% in the last 6 Months

Cyient Ltd.

13 Jul 2017

1346.20

-0.04%

Cyient Q1 profit rises 12% to 88 cr

Business Line

Cyient Ltd, formerly Infotech Enterprises, has posted revenues of 907 crore in the first quarter ended June 30, 2017, against 941 crore in the previous quarter, showing a fall of 3.6 per cent....

Cyient Ltd. is trading above its 50 day SMA of 1237.0

Cyient Ltd.

13 Jul 2017

1346.20

-0.04%

Cyient - Result Update

Buy: Cyient Ltd.

Reliance Securities

Core Business Enthuses, But DLM Biz Plays Spoilsport Cyient's USD revenue declined by 0.3% QoQ to US$140.6mn in 1QFY18 vs. our estimate of 2.9% QoQ growth. However, core business showed a decent 3% QoQ growth, which comes on top of a 3.3% QoQ growth in 4QFY17. The core ENGG business grew by a solid 4% QoQ in USD terms, which comes on top of a 3.5% QoQ growth in 4QFY17. On the other hand, the DNO business clocked 1.7% QoQ growth in USD revenue (3% QoQ growth in 4QFY17). However, the DLM segment (Rangsons) has reported a disappointing 26.2% QoQ decline in USD revenue. On the positive side, on a YoY basis, DLM revenue grew 17.2%....

Cyient Ltd. has lost -28.77% in the last 6 Months

Cyient Ltd.

10 Jul 2017

1346.20

-0.04%

L&T; Technology Services (Initiating Coverage): Engineered for growth. NEUTRAL

Neutral: Cyient Ltd.

HDFC Securities

LTT trades at 14.3x FY19E, which is nearly in-line with midcap IT valuations (midcap IT PEG at 0.9x vs LTT at 1x). Initiate with NEUTRAL and TP of Rs 805, implying 15x FY19E. L&T; Tech (LTT) is a pure-play ER&D; company, at 37% of HCLTs ER&D; size and 20% of Altran (largest global ER&D; provider). LTT will benefit from increasing ER&D; outsourcing (currently only 22% penetration), based on (1) Diversified vertical mix, (2) Business de-risked from client concentration (lowest top-10 revenue share vs peers at 35%), (3) Large mining potential, with 45 clients from the global top-100 R&D; spenders, (4) Favourable offshore mix and high revenue productivity, as compared to Indian ER&D; peers (8/30% higher than Cyient/Tata Elxsi), (5) Margin levers such as utilisation (+400bps scope), fixed price and IP-revenue.

Cyient Ltd. has an average target of 1625.14 from 7 brokers.

Cyient Ltd.

09 May 2017

1346.20

-0.04%

Cyient Ltd

Hold: Cyient Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research We attended Cyient's full house, analyst day in Hyderabad wherein the company reflected on concerns that impacted its FY17 performance and, at the same time, highlighted the strategy for the year ahead that could help achieve industry leading and sustainable earning growth. ( Re ) Ar tic ula ti n g S 3 s tr a te gy Cyient reiterated its aim to become a major tier-1 supplier in its select industry verticals in next 10 years. In order to meet this vision, the...

Cyient Ltd. is trading above its 50 day SMA of 1237.0

Cyient Ltd.

08 May 2017

1346.20

-0.04%

Analyst Meet Note of Cyient Ltd

Buy: Cyient Ltd.

IDBI Capital

Aerospace & Defence and Medical devices verticals. It has complemented its S3 strategy Services, Systems and Solutions with a renewed focus on digital solutions. Cyient also reiterated its FY18 guidance 1) core business growth of double-digit (driven by growth in large clients), 2) 20%+ growth in DLM and 3) operating margin improvement of 50bps YoY. Also, Cyient would continue to focus on M&A.; We maintain BUY with TP of Rs598 based on PER of 14x FY19E. We expect Cyient to outperform sector growth and forecast revenue (US$)/EPS CAGR of 13.6%/13.4% for FY17-19E....

Cyient Ltd. is trading below its 100 day SMA of 1372.6

Is Cyient Ltd. worth buying?

518 Votes:

Buy 81.47%

Sell 12.55%

Hold 5.98%

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