Buy Cyient DLM, target price Rs 851: LKP Securities

LKP Securities has buy call on Cyient DLM with a target price of Rs 851. The current market price of Cyient DLM Ltd. is Rs 720.15.

Cyient DLM Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 5712.82 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 31-03-2024, the company reported a Consolidated Total Income of Rs 370.16 Crore, up 12.05 % from last quarter Total Income of Rs 330.36 Crore and up 34.08 % from last year same quarter Total Income of Rs 276.07 Crore. Company reported net profit after tax of Rs 22.74 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 66.66 per cent stake in the company as of 31-Mar-2024, while FIIs owned 7.04 per cent, DIIs 12.56 per cent.