Cyient DLM reported an 18% YoY revenue growth to Rs 374 crore in Q4 FY25, driven by the Altek Electronics acquisition, but its core business fell 6%.
The stock rose 4% to Rs 500.30 on April 23, 2025, despite a 25% YTD correction.
Margins improved to 13.4%, but the order book dropped 12% to Rs 1,906 crore, and the working capital cycle stretched to 127 days, hurting cash flows.
Defence revenue shrank 43%, while Aerospace grew over 50%.
With a pricey 50x FY26 P/E and global uncertainties, analysts rate it ‘Underweight’.
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