Cyient (market cap: ~10300 crores) posted good set of number for the quarter ending Dec’22 (Q3FY23). The chart below summarizes the key highlights of the quarter

The stock has significantly outperformed the Nifty Index benchmark and is currently trading close to its 5-year median valuation multiples, which is reasonable. Management has expressed a positive outlook for Q4FY23 and FY24.

Management has provided EPS guidance of INR 60 for FY24. The stock’s current trading multiple of ~15x one-year forward PE is lower than the 5-year median of ~17.6x. This makes the stock an attractive risk-reward opportunity

Disclaimer: The above article is just for information and should not be considered as any investment advice.