
To get the company growing again, new COO Karthikeyan Natarajan has prioritised verticals and merged units to optimise asset use. But Cyient is disproportionately dependent on a few clients, and on the aviation sector. The company is still building capabilities in sectors that are driving growth in engineering R&D. Will it be able to overcome the handicaps?

Indian equities are in a strong bull market. The benchmark indices have staged a smart comeback after hitting multi-year lows in March 2020 amid the pandemic breakout. And once again, the market buzz around potential multibaggers in the small-cap universe is growing louder. This makes a reality check of companies’ accounting standards the need of the hour.

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