Rs 21,267 million order book: This electronics system manufacturer for aerospace and defence companies inks production contract with Boeing
The company has a market cap of Rs 6,500 crore and as of March 31, 2024, the company has a strong order book of Rs 21,267 million.
Cyient DLM Ltd, a company specializing in integrated design and manufacturing solutions, has secured a contract from Boeing to produce Battery Diode Modules (BDMs) for the renowned 787 Dreamliner aircraft. This marks a significant milestone for Cyient DLM as it is the first time Boeing has entrusted them with the production of power electronics components and associated design and certification services for commercial aeroplanes.
Cyient DLM holds a prominent position in the aerospace industry. They are one of the initial companies to achieve the AS9100C aerospace certification for electronic manufacturing facilities. Additionally, they are the first company in India to earn the prestigious National Aerospace and Defence Contractors Accreditation Program (NADCAP) certification for their Circuit Card Assembly (CCA) capabilities.
With a rich history spanning over two decades, Cyient Limited has established itself as a leader in designing, certifying, and qualifying embedded systems for critical safety applications. The combined expertise of Cyient and Cyient DLM creates a unique synergy, positioning them as a formidable force in the design, certification, and manufacturing of embedded systems for the aerospace sector.
Today, shares of Cyient DLM gained 2.22 per cent to an intraday high of Rs 836.85 per share from its previous closing of Rs 818.65. The stock’s 52-week high is Rs 882.90 and its 52-week low is Rs 465. The stock is up by 80 per cent from its 52-week low of Rs 465 per share.
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Cyient DLM Ltd is a specialized electronics manufacturing company catering primarily to the aerospace and defence sectors, along with other high-tech industries. It provides a comprehensive range of services including product design, assembly, testing, and manufacturing of electronic components and systems. Operating on a low-volume, high-mix model, Cyient DLM focuses on delivering customized, high-quality products to its customers. The company maintains long-term partnerships with clients through 3-5-year master service agreements and has a global customer base spanning India, Europe, North America, China, and Japan. The company has a market cap of Rs 6,500 crore and as of March 31, 2024, the company has a strong order book of Rs 21,267 million. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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