Whalesbook
So, asal mein ye board meeting 23rd April 2026 ko hai, jahaan pichle saal ke audited results (FY2026 ending March 31, 2026) ko final kiya jayega. Lekin sabse buzurg baat ye hai ki company shareholders ko rewards dene ke liye final dividend aur ek potential equity share buyback par bhi soch rahi hai. Agar buyback hota hai toh iska matlab hai ki management ko lagta hai ki company ke shares abhi kam price par hain, jisse EPS bhi badh sakta hai.
Company ka current P/E ratio 16x se 18x ke beech mein hai. Yeh baaki bade IT players jaise TCS aur Infosys (17x-19x), Wipro (15x-16x) ke comparison mein kaafi theek lag raha hai. L&T Technology Services thoda upar (27x-29x) hai. Nifty IT Index khud 17.8x par trade kar raha hai, jo apne 10 saal ke average se 16% neeche hai. Is hisaab se Cyient ki valuation kaafi attractive lag rahi hai.
Lekin, sab kuch itna bhi smooth nahi hai. Yaadein taaza hain jab 25th April 2025 ko company ke shares 9.5% gir gaye the Q4 ke kamzor results aur management ke cautionary outlook ke karan. Global uncertainties ki wajah se company ne FY26 ke liye koi guidance bhi nahi di thi. IT sector mein AI ka craze toh hai, jisse demand badh rahi hai, lekin valuations par bhi pressure aa raha hai.
Analysts ka scene bhi mila-jula hai. Kuch analysts ko ummeed hai ki Q4 FY26 mein revenue 14% aur PAT 13% badhega. Zyadaatar analysts ne 'Hold' ya 'Moderate Buy' rating di hai. Sabse average price target ₹1,200 ke aas paas hai, jo current price se 40% tak ka upside dikha raha hai. Par kuch analysts ka target isse bhi kam hai aur unka stance 'Underweight' hai. Toh thoda soch samajh kar hi faisla lena padega.