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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Cyient Limited    532175   INE136B01020

CYIENT LIMITED

(532175)
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Cyient : SPRINT Partners with Cyient to Facilitate Collaboration with UK Academic Institutions and Small Businesses for Major Projects in Space Data and Technologies

10/14/2020 | 08:38am EST

SPRINT Partners with Cyient to Facilitate Collaboration with UK Academic Institutions and Small Businesses for Major Projects in Space Data and Technologies.

Cyient, a global digital engineering and technology solutions company, and SPRINT (Space Research and Innovation Network for Technology), a UK based business innovation support programme, has announced its strategic partnership to accelerate the innovation in the UK space sector and to strengthen the mutual focus on industry collaboration.

SPRINT (Space Research and Innovation Network for Technology) provides businesses in the UK with funded access to universities with space expertise and facilities. This enables enterprises to accelerate their innovative product development lifecycles. The partnership will enable Cyient to identify new business opportunities, to lower its product development costs and to offer cutting edge geospatial solutions with higher precision. The partnership will also assist Cyient in accessing industry experts from various academic institutions and SMEs across UK for collaborative space data and technology projects.

Commenting on the strategic partnership, Mr. Matt Wood, Director of Sales for Geospatial at Cyient, said, 'As a business, we are focused on innovation and developing skill sets and expertise in areas such as geospatial data creation and analysis, earth observation data, and machine learning algorithms. To enable us to evolve our business, an academic and commercial partnership is a natural fit. So, the new partnership with SPRINT will allow us to strike up a dialogue with academic institutions and SMEs in SPRINT's network, and gain access to their cutting-edge technology, skill sets, and expertise for potential collaborations.'

'Working with Cyient will help the company achieve its business growth strategies through collaborations with academic establishments and businesses within the SPRINT network. It will also help SPRINT succeed with our vision of growing a vibrant and sustainable UK space ecosystem through collaborations and partnerships,' commented Mr. Ross Burgon, Head of the National SPRINT programme.

About Cyient:

Cyient (Estd: 1991, NSE: CYIENT) is a global digital engineering and technology company. As a Design, Build, and Maintain partner for leading organizations worldwide, Cyient takes solution ownership across the value chain to help customers focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, domain knowledge, and technical expertise to solve complex business problems.

Cyient partners with customers to operate as part of their extended team in ways that best suit their organization's culture and requirements. Cyient's industry focus includes aerospace and defense, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial, and energy.

About SPRINT

SPRINT is supported by Research England and the Scottish Funding Council. It is being delivered by a consortium of five of the UK's leading space universities, led by the University of Leicester and including the University of Edinburgh, The Open University, University of Southampton and University of Surrey.

www.sprint.ac.uk

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 40 703 M 556 M 556 M
Net income 2021 3 411 M 46,6 M 46,6 M
Net cash 2021 6 569 M 89,8 M 89,8 M
P/E ratio 2021 16,0x
Yield 2021 2,51%
Capitalization 54 359 M 743 M 743 M
EV / Sales 2021 1,17x
EV / Sales 2022 1,00x
Nbr of Employees 13 578
Free-Float 66,0%
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 495,86 INR
Last Close Price 494,30 INR
Spread / Highest target 27,3%
Spread / Average Target 0,32%
Spread / Lowest Target -39,3%
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Managers and Directors
NameTitle
Krishna Bodanapu CEO, Director & Managing Director
Ajay Aggarwal President & Chief Financial Officer
Karthikeyan Natarajan President & Chief Operating Officer
Venkata Ram Mohan R Bodanapu Executive Chairman
Murugappan Muthiah Murugappan Non-Independent Non-Executive Director
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