KPIT Technologies

₹1464.6 -31.7 | 2.1%

WEBSITE BSE:542651 NSE : KPITTECH 10 May, 16:01

Market Cap ₹40150 Cr.

Stock P/E 66.8

P/B 18.7

Current Price ₹1464.6

Book Value ₹ 78.4

Face Value 10

52W High ₹1764

Dividend Yield 0.46%

52W Low ₹ 892.6

Edit Ratio

KPIT Technologies Research see more...

Overview Inc. Year: 2018Industry: IT - Software

KPIT Technologies Limited, a generation company, provides engineering, embedded software program, artificial intelligence, and digital solutions for the automobile and mobility region in America, the UK, Europe, and internationally. The business enterprise offers self reliant driving and ADAS solutions, including system engineering, useful protection, multicore engineering, characteristic improvement, annotation and labeling, semantic segmentation, multi sensor, information analytics, feature validation, and digital and closed loop simulation solutions; and electric powered and traditional powertrain solutions comprising manufacturing software program/function improvement, model based device engineering, verification and validation, calibration, engineering gear improvement, system and non-stop integration, battery control systems, power electronics for HEV/EVs, controls strategy and improvement for HEV/EV, and functional safety. It additionally operates vehicle infotainment platform and infotainment connectivity platform for related vehicles; and K-DCP engineering toolchain, K-DCP aftersales suite, K-DCP linked diagnostics solutions, and K-DCP commercial enterprise integration and associated offerings. In addition, the agency offers integration, and verification and validation offerings; MCAL and complicated tool motive force improvement offerings; and micro controllers supported offerings, as well as operates AUTOSAR platform. Further, it affords vehicle engineering and design services. The corporation was previously known as KPIT Engineering Ltd and changed its name to KPIT Technologies Ltd in March 2019. The employer was established in 2018 and is primarily based in Pune, India.

KPIT Technologies Share Price

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Peer Comparison

KPIT Technologies Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	622	652	686	745	917	1017	1098	1199	1257	1318
Other Income	9	13	16	9	21	6	22	9	19	17
Total Income	631	665	702	754	938	1024	1119	1209	1276	1334
Total Expenditure	507	530	553	607	750	835	884	959	998	1045
Operating Profit	124	134	149	147	188	189	235	249	277	290
Interest	4	7	6	7	8	11	14	14	16	12
Depreciation	31	31	31	33	40	42	45	48	50	53
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	88	97	112	108	139	136	177	188	212	225
Provision for Tax	17	17	24	26	35	25	42	46	55	59
Profit After Tax	71	80	87	82	104	111	134	141	157	166
Adjustments	-1	-1	-2	1	-3	1	-0	-1	-1	-2
Profit After Adjustments	70	79	85	83	100	112	134	141	155	164
Adjusted Earnings Per Share	2.6	2.9	3.2	3.1	3.7	4.1	5	5.2	5.7	6.1

KPIT Technologies Profit & Loss

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	0	641	2156	2036	2432	3365	4872
Other Income	0	56	31	16	56	40	67
Total Income	0	697	2187	2052	2488	3405	4938
Total Expenditure	0	570	1869	1729	2005	2732	3886
Operating Profit	-0	127	318	323	483	673	1051
Interest	0	7	20	17	19	32	56
Depreciation	0	19	108	133	120	146	196
Exceptional Income / Expenses	0	-34	-10	5	0	0	0
Profit Before Tax	-0	67	181	178	345	497	802
Provision for Tax	0	12	33	31	68	110	202
Profit After Tax	-0	55	148	147	276	387	598
Adjustments	0	-1	-0	-1	-2	-6	-4
Profit After Adjustments	-0	54	148	146	274	381	594
Adjusted Earnings Per Share	-26.6	2	5.5	5.4	10.2	14.1	22

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	38%	16%	0%	0%
Operating Profit CAGR	39%	28%	0%	0%
PAT CAGR	40%	38%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	63%	93%	71%	NA%
ROE Average	27%	21%	18%	15%
ROCE Average	35%	27%	23%	19%

KPIT Technologies Balance Sheet

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	-0	960	1049	1207	1310	1652
Minority's Interest	0	4	4	3	16	12
Borrowings	0	37	3	2	2	0
Other Non-Current Liabilities	0	28	84	172	225	499
Total Current Liabilities	0	641	455	528	708	1168
Total Liabilities	0	1670	1595	1912	2260	3331
Fixed Assets	0	420	526	577	641	1684
Other Non-Current Assets	0	20	55	40	105	145
Total Current Assets	0	1230	1013	1296	1514	1502
Total Assets	0	1670	1595	1912	2260	3331

KPIT Technologies Cash Flow

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	201	276	286	342
Cash Flow from Operating Activities	-0	151	389	628	475	462
Cash Flow from Investing Activities	0	-87	-138	-501	-302	-202
Cash Flow from Financing Activities	0	34	-177	-115	-127	-183
Net Cash Inflow / Outflow	0	98	73	12	46	77
Closing Cash & Cash Equivalent	0	201	276	286	342	454

KPIT Technologies Ratios

#	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-26.6	2.02	5.49	5.43	10.16	14.09
CEPS(Rs)	-26.6	2.75	9.51	10.42	14.66	19.72
DPS(Rs)	0	0.75	1	1.5	3.1	4.1
Book NAV/Share(Rs)	-16.6	35.74	38.84	44.33	47.76	60.09
Core EBITDA Margin(%)	0	11.09	13.33	15.09	17.57	18.81
EBIT Margin(%)	0	11.56	9.3	9.57	14.96	15.72
Pre Tax Margin(%)	0	10.48	8.38	8.73	14.16	14.76
PAT Margin (%)	0	8.58	6.85	7.23	11.36	11.5
Cash Profit Margin (%)	0	11.51	11.86	13.77	16.27	15.85
ROA(%)	-280	6.59	9.05	8.39	13.24	13.84
ROE(%)	0	11.47	14.75	13.15	22.26	26.55
ROCE(%)	0	13.58	18.23	16.82	28.86	35.12
Receivable days	0	336.97	88.08	74.08	61.43	65.94
Inventory Days	0	10.24	2.5	0	0	6.37
Payable days	0	1801.9	4029.66	0	0	1360.99
PER(x)	0	0	6.44	32.59	59.17	65.64
Price/Book(x)	0	0	0.91	3.99	12.58	15.39
Dividend Yield(%)	0	0	2.83	0.85	0.52	0.44
EV/Net Sales(x)	0	0.28	0.29	2	6.31	7.28
EV/Core EBITDA(x)	-0.02	1.42	1.97	12.59	31.73	36.41
Net Sales Growth(%)	0	0	236.24	-5.59	19.48	38.34
EBIT Growth(%)	0	0	170.37	-2.77	86.75	45.38
PAT Growth(%)	0	0	168.57	-0.45	87.79	40.04
EPS Growth(%)	0	107.59	171.98	-1.04	86.98	38.76
Debt/Equity(x)	0	0.14	0.06	0	0	0.03
Current Ratio(x)	0.36	1.92	2.23	2.46	2.14	1.29
Quick Ratio(x)	0.36	1.89	2.2	2.46	2.14	1.24
Interest Cover(x)	0	10.69	10.11	11.3	18.76	16.37
Total Debt/Mcap(x)	0	0	0.06	0	0	0

KPIT Technologies Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	40.11	40.11	40.11	40.11	40.1	39.49	39.47	39.47	39.47	39.47
FII	20.38	17.1	15.99	16.88	20.26	23.42	25.91	25.68	26.49	23.98
DII	13.26	11.21	10.74	13.53	12.73	12.29	11.78	12.25	11.6	14
Public	26.25	31.58	33.16	29.49	26.91	24.8	22.84	22.59	22.44	22.55
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	11	11	11	11	10.99	10.83	10.82	10.82	10.82	10.82
FII	5.59	4.69	4.38	4.63	5.55	6.42	7.1	7.04	7.26	6.57
DII	3.64	3.07	2.94	3.71	3.49	3.37	3.23	3.36	3.18	3.84
Public	7.2	8.66	9.09	8.08	7.38	6.8	6.26	6.19	6.15	6.18
Others	0	0	0	0	0	0	0	0	0	0
Total	27.41	27.41	27.41	27.41	27.41	27.41	27.41	27.41	27.41	27.41

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 21%
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 39.47%.
Debtor days have increased from 0 to 1360.99days.
Stock is trading at 18.7 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.