Recent media attention has been drawn to Cyient, a mid-cap company that works in the IT software industry, as a result of its collaboration with Thingtrax, a UK-based company. Investors are unsure whether Cyient is a suitable stock to buy after this partnership caused its stock price to rise by 2%.
In light of this, let’s examine Cyient in more detail and consider its possible share price targets for the years 2023 to 2030. We’ll look at the variables that can affect Cyient’s future growth and determine whether it’s a long-term wise investment.
Thus, keep reading if you’re curious about the Cyient share price goal!
Stock history of Cyient
An Indian global corporation by the name of Cyient Limited, originally known as Infotech Enterprises, offers engineering, manufacturing, geospatial, and digital technology solutions to a variety of sectors including telecommunications, aerospace, defence, transportation, and utilities.
B.V.R. Mohan Reddy launched the business in 1991 in Hyderabad, India, with the intended goal of offering services for computer-aided design and drafting. With a presence in more than 20 countries and a workforce of more than 15,000 individuals, Cyient has developed through time to become a major global provider of engineering and technology solutions.
Cyient has been listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India since its initial public offering (IPO) in 1997. (NSE). Over the years, the company’s stock has had various ups and downs, which reflects the company’s financial performance and market conditions.
The overall trajectory of the company’s growth and financial performance through time are reflected in Cyient’s stock history. Notwithstanding certain changes, the company has continually shown that it can adjust to shifting market conditions and hold a dominant position in the sector.
Latest news about Cyient
➤ Cyient’s stock price increases by 2% following its collaboration with Thingtrax, a UK-based company.
➤ A unit of Cyient (NSE: CYIENT) has submitted the DRHP (Draft Red Herring Prospectus) for an IPO worth Rs 740 crore.
How to buy Cyient shares?
You can buy Cyient shares from the following trading platforms:
Share Price Prediction of Cyient: 2023 to 2030
Share Price Target 2023 of Cyient(NSE: CYIENT)
|When||Maximum Price||Minimum Price|
According to the table, Cyient’s share price is predicted to experience significant fluctuations in 2023. The maximum price during the year is expected to be around ₹1,312.87, while the minimum price is projected to be ₹517.50. This indicates a potential growth percentage of over 150%.
Despite the expected ups and downs, the overall trend appears to be bullish, with the share price increasing steadily over the course of the year. Investors who are interested in Cyient’s stock may want to keep a close eye on the market and consider buying during dips in the price.
With the company’s recent partnership with Thingtrax, it’s possible that there could be additional positive developments in the near future that may impact the stock price.
Share Price Target 2024 of Cyient
|When||Maximum Price||Minimum Price|
Looking ahead to 2024, the data from the table shows that Cyient’s share price is expected to continue its upward trend. The average target for the year appears to be around ₹1,472.58, with a potential upside of over 80%. The maximum share price target is projected to be ₹1,838.07, while the minimum price target is ₹952.50.
Based on these figures, analysts may be recommending Cyient as a good stock to buy for long-term investors who are willing to weather potential market volatility.
Share Price Target 2025 of Cyient
|When||Maximum Price||Minimum Price|
Looking at the data in the table, Cyient’s share price target for 2025 seems to be on an upward trend. The maximum and minimum prices for the year show a potential return for investors, but there are some bearish signals as well.
The minimum price range of ₹1,293.82 to ₹1,423.21 in May and June could indicate a possible dip in the market, but the average target of ₹1,989.12 for the year suggests an overall bullish outlook.
As always, it’s important to keep an eye on market trends and analyst recommendations before making any investment decisions.
Cyient Share Price Prediction 2026-2030
|Year||Maximum Price||Minimum Price|
Looking at the projected Cyient share price targets for the years 2026 to 2030, we see a mix of bullish and bearish trends. In 2026, the maximum price is predicted to be ₹1,560.73 while the minimum price is expected to be ₹1,092.51.
In 2027, the maximum price drops to ₹1,326.62 with the minimum price at ₹928.63. However, in 2028, there is a significant uptrend with a maximum price projection of ₹2,387.92 and a minimum price projection of ₹1,671.54.
The upward trend is expected to continue in 2029 with a maximum price target of ₹4,905.15 and a minimum price target of ₹3,433.60. In 2030, the maximum price target is projected to be ₹5,462.55 with a minimum price target of ₹3,823.79.
Therefore, it is recommended to conduct thorough research and analysis before making any investment decisions.
Financial Condition of Cyient: Last 5 years
|Profit before tax||541.10||619.80||468.20||477.10||698.40|
|Price to earning||19.30||15.34||7.36||19.58||19.59|
Looking at Cyient’s financial statements over the past five years, the company has shown both growth and stability in terms of its revenue and profitability. The company’s sales have fluctuated over the years, with a maximum of ₹4,617.50 crores in March 2019 and a minimum of ₹4,132.40 crores in March 2021.
The company’s net profit has shown consistent growth over the years, with a maximum of ₹522.30 crores in March 2022 and a minimum of ₹342.50 crores in March 2020. The company’s EPS has also shown growth, with a maximum of ₹47.35 in March 2022 and a minimum of ₹31.14 in March 2020.
Despite facing challenges, the company has managed to maintain a stable dividend payout ratio, with a maximum of 51.40% in March 2021 and a minimum of 34.61% in March 2019. Cyient’s OPM has shown an increasing trend, with a maximum of 18.04% in March 2022, indicating a positive growth in the company’s profitability.
Overall, the financial statement shows that Cyient has managed to maintain a stable and profitable business, with consistent revenue growth and positive profit growth in the past five years.
Cyient share price target by Experts
Cyient share price target by Motilal Oswal
Motilal Oswal is optimistic about Dalmia Bharat and has advised to purchase the stock with a projected value of Rs 1170.
Cyient share price target by ICICI Direct
ICICI Direct is optimistic about Cyient and has recommended purchasing shares of the company, with a goal of reaching a price of Rs 1020.
Will the share price of Cyient increase in 2023?
It is anticipated that Cyient per share price will increase to ₹1,313 by the end of 2023.
Write the share price target 2025 of Cyient.
The share price target of Cyient for 2025 might be around ₹2,230.
Is Cyient free from all debts?
Yes, as of February 2023, Cyient is virtually free from all debts.
Write the share price target 2030 of Cyient.
The per share price of Cyient might reach around ₹5,462.55 by the end of 2030.
Would Cyient be considered a large-cap company?
Cyient Ltd., established in 1991, operates in the IT Software sector and is categorized as a mid-cap company with a market capitalization of Rs 10,676.11 Crore.
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In conclusion, during the previous five years, Cyient has consistently increased its revenue, profit, and net profit. Between 2018 and 2022, its sales increased by about 15%, while its net profit increased by 29% within the same time frame. PAT for the business has been rising as well, with a 21% growth rate from 2018 to 2022. These encouraging financial signs imply that Cyient has a strong basis for continued expansion, and the outlook for the years 2023 to 2030 is encouraging. Investors who purchase Cyient shares have the potential for considerable returns with a maximum target share price of $5,462.55 and a minimum target share price of $517.50. Overall, Cyient shares seem like a promising investment based on its predicted growth and financial performance.