Buy Cyient DLM, target price Rs 810: Motilal Oswal

Motilal Oswal has buy call on Cyient DLM with a target price of Rs 810. The current market price of Cyient DLM Ltd. is Rs 708.7.

Cyient DLM Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 5571.65 Crore) operating in General sector.

Cyient DLM Ltd. key Products/Revenue Segments include Printed Circuit Boards and Job Work for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Standalone Total Income of Rs 330.36 Crore, up 9.71 % from last quarter Total Income of Rs 301.12 Crore and up 54.24 % from last year same quarter Total Income of Rs 214.19 Crore. Company reported net profit after tax of Rs 18.44 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 66.66 per cent stake in the company as of 31-Dec-2023, while FIIs owned 6.32 per cent, DIIs 11.22 per cent.