BSE: 542651 | NSE: KPITTECH | IT - Software | Mid Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that KPIT Technologies Ltd is a good quality company.
The key valuation ratios of KPIT Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of KPIT Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 13.6% | 18.2% | 16.8% | 28.9% | 35.1% | 44% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | 0.2 | 0.3 | 0.2 | 1.1 | 2.1 | 2.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 641 | 2,156 | 2,036 | 2,432 | 3,365 | 4,872 | 5,411 |
| Sales YoY Gr. | - | NA | NA | NA | NA | 236.2% | -5.6% | 19.5% | 38.3% | 44.8% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | -26.6 | 3 | 5.3 | 5.4 | 9.8 | 13.7 | 21.6 | 26.5 |
| YoY Gr. | - | NA | NA | NA | NA | 78.5% | 1.5% | 82.5% | 39.3% | 57.5% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | -16.6 | 35.7 | 38.8 | 44.3 | 47.8 | 60.1 | 78 | 91.3 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | -0.3 | 79.8 | 143 | 145 | 265 | 370 | 585 | 728 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | 151 | 389 | 628 | 475 | 462 | 1,002 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0.9 | 0.2 | 0 | 0 | 0.1 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 50% | 33.8% | 44.8% | ||||
| Adj EPS ⓘ | NA | 48.6% | 58.8% | 57.5% | ||||
| BVPSⓘ | NA | 16.9% | 20.7% | 29.8% | ||||
| Share Price | - | 67.2% | 42.1% | -14.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 160.2 | 16.6 | 14.2 | 12.8 | 21.1 | 25 | 30.8 | 31.4 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 11.5 | 13.6 | 15.2 | 17.6 | 18.9 | 20.4 | 20.8 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 12.6 | 6.6 | 7.2 | 11 | 11.2 | 12.1 | 13.5 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 279 | 140 | 105 | 82 | 87 | 84 | 69 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 137 | 72 | 52 | 36 | 49 | 51 | 17 |
Return on Equity has increased versus last 3 years average to 31.40%
Sales growth is growing at healthy rate in last 3 years 33.76%
Net Profit is growing at healthy rate in last 3 years 58.81%
Sales growth is good in last 4 quarters at 28.41%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 14.7 | 26.5 |
| TTM Sales (₹ Cr.) | 2,321 | 5,411 |
| BVPS (₹.) ⓘ | 62.7 | 91.3 |
| Reserves (₹ Cr.) ⓘ | 1,444 | 2,229 |
| P/BV ⓘ | 20.82 | 14.30 |
| PE ⓘ | 88.72 | 49.18 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1296.45 / 1928.75 |
| All Time Low / High (₹) | 34.45 / 1928.75 |
| Market Cap (₹ Cr.) | 35,781 |
| Equity (₹ Cr.) | 274.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 34.4 |
| Pledged * | 1.09 | 0.82 | 0.82 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Sales | 0 | 641 | 2,156 | 2,036 | 2,432 | 3,365 | 4,872 |
| Operating Expenses ⓘ | 0 | 570 | 1,869 | 1,729 | 2,005 | 2,732 | 3,880 |
| Manufacturing Costs | 0 | 44 | 236 | 194 | 154 | 214 | 233 |
| Material Costs | 0 | 10 | 8 | 0 | 0 | 40 | 58 |
| Employee Cost | 0 | 357 | 1,429 | 1,341 | 1,611 | 2,155 | 3,112 |
| Other Costs ⓘ | 0 | 159 | 196 | 193 | 241 | 323 | 477 |
| Operating Profit ⓘ | 0 | 71 | 287 | 307 | 427 | 633 | 991 |
| Operating Profit Margin (%) | - | 11.1% | 13.3% | 15.1% | 17.6% | 18.8% | 20.3% |
| Other Income ⓘ | 0 | 56 | 31 | 16 | 56 | 40 | 60 |
| Interest ⓘ | 0 | 7 | 20 | 17 | 19 | 32 | 55 |
| Depreciation ⓘ | 0 | 19 | 108 | 133 | 120 | 146 | 196 |
| Exceptional Items ⓘ | 0 | -34 | -10 | 5 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 67 | 181 | 178 | 345 | 497 | 800 |
| Tax ⓘ | 0 | 12 | 33 | 31 | 68 | 110 | 202 |
| Profit After Tax | 0 | 55 | 148 | 147 | 276 | 387 | 599 |
| PAT Margin (%) | - | 8.6% | 6.9% | 7.2% | 11.4% | 11.5% | 12.3% |
| Adjusted EPS (₹) | -26.6 | 2.0 | 5.5 | 5.4 | 10.2 | 14.1 | 21.9 |
| Dividend Payout Ratio (%) | 0% | 37% | 18% | 28% | 31% | 29% | 31% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 960 | 1,044 | 1,193 | 1,290 | 1,624 | 2,116 | |||
| Share Capital ⓘ | 0 | 269 | 269 | 269 | 270 | 270 | 271 | |||
| Reserves ⓘ | 0 | 691 | 775 | 924 | 1,020 | 1,354 | 1,844 | |||
| Minority Interest | 0 | 4 | 4 | 3 | 16 | 12 | 17 | |||
| Debt | 0 | 97 | 20 | 2 | 2 | 49 | 45 | |||
| Long Term Debt | 0 | 37 | 3 | 2 | 2 | 0 | 0 | |||
| Short Term Debt | 0 | 60 | 17 | 0 | 0 | 49 | 45 | |||
| Trade Payables | 0 | 103 | 85 | 135 | 137 | 164 | 240 | |||
| Others Liabilities ⓘ | 0 | 506 | 443 | 579 | 815 | 1,481 | 1,672 | |||
| Total Liabilities ⓘ | 0 | 1,670 | 1,595 | 1,912 | 2,260 | 3,331 | 4,089 | |||
Fixed Assets | ||||||||||
| Gross Block | 0 | 593 | 810 | 977 | 1,110 | 2,292 | 2,556 | |||
| Accumulated Depreciation | 0 | 173 | 284 | 400 | 469 | 607 | 641 | |||
| Net Fixed Assetsⓘ | 0 | 420 | 526 | 577 | 641 | 1,684 | 1,915 | |||
| CWIP ⓘ | 0 | 1 | 5 | 12 | 0 | 33 | 58 | |||
| Investmentsⓘ | 0 | 50 | 9 | 127 | 129 | 64 | 94 | |||
| Inventories | 0 | 18 | 12 | 0 | 0 | 59 | 90 | |||
| Trade Receivables | 0 | 592 | 449 | 378 | 441 | 775 | 956 | |||
| Cash Equivalents | 0 | 221 | 381 | 701 | 893 | 549 | 771 | |||
| Others Assetsⓘ | 0 | 369 | 213 | 117 | 155 | 167 | 205 | |||
| Total Assets ⓘ | 0 | 1,670 | 1,595 | 1,912 | 2,260 | 3,331 | 4,089 | |||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 151 | 389 | 628 | 475 | 462 | 1,002 |
| PBT ⓘ | 0 | 67 | 181 | 178 | 345 | 497 | 800 |
| Adjustment ⓘ | 0 | 21 | 161 | 175 | 132 | 241 | 251 |
| Changes in Working Capital ⓘ | 0 | 82 | 130 | 308 | 87 | -177 | 87 |
| Tax Paid ⓘ | 0 | -18 | -83 | -33 | -89 | -99 | -137 |
| Cash Flow From Investing Activity ⓘ | 0 | -87 | -138 | -501 | -302 | -202 | -564 |
| Capex | 0 | -26 | -67 | -59 | -69 | -128 | -155 |
| Net Investments | 0 | -5 | -50 | -426 | -162 | 74 | -70 |
| Others ⓘ | 0 | -55 | -21 | -15 | -71 | -149 | -339 |
| Cash Flow From Financing Activityⓘ | 0 | 34 | -177 | -115 | -127 | -183 | -240 |
| Net Proceeds from Shares ⓘ | 0 | 2 | 1 | 1 | 3 | 2 | 2 |
| Net Proceeds from Borrowing ⓘ | 0 | -17 | -37 | -38 | -1 | -2 | 0 |
| Interest Paid ⓘ | 0 | -8 | -7 | -5 | -3 | -9 | -19 |
| Dividend Paid ⓘ | 0 | 0 | -47 | 0 | -74 | -89 | -129 |
| Others ⓘ | 0 | 57 | -87 | -73 | -52 | -85 | -93 |
| Net Cash Flow ⓘ | 0 | 98 | 73 | 12 | 46 | 77 | 198 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 11.47 | 14.75 | 13.15 | 22.26 | 26.55 | 32.01 | |||
| ROCE (%) | N/A | 13.58 | 18.23 | 16.82 | 28.86 | 35.12 | 43.96 | |||
| Asset Turnover Ratio | 0 | 0.77 | 1.32 | 1.16 | 1.17 | 1.2 | 1.31 | |||
| PAT to CFO Conversion(x) | N/A | 2.75 | 2.63 | 4.27 | 1.72 | 1.19 | 1.67 | Working Capital Days | ||
| Receivable Days | 0 | 337 | 88 | 74 | 61 | 66 | 65 | |||
| Inventory Days | 0 | 10 | 3 | 0 | 0 | 6 | 6 | |||
| Payable Days | 0 | 1,802 | 4,030 | 0 | 0 | 1,361 | 1,264 | |||
KPIT Technologies is a global technology company with software solutions that will help mobility leapfrog towards autonomous, clean, smart and connected future. With thousands of Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers accelerate implementation of next generation mobility technologies. With development centers in Europe, USA, Japan, China, Thailand and India. KPIT works with leaders in mobility and is present where the ecosystem is transforming.
On January 29, 2018, the company had announced a transaction of merger and demerger involving KPIT and Birlasoft. Birlasoft is a part of the $1.6 billion diversified CK Birla Group.
The NCLT (National Company Law Tribunal) directed EGM for seeking shareholder approval for the Merger Demerger Scheme (“Composite Scheme”) was scheduled on August 29, 2018. The shareholders overwhelmingly approved the scheme for the merger of Birlasoft with KPIT and the simultaneous demerger of Engineering business into a new company, to create two public companies.
The Mumbai Bench of NCLT vide its order dated November 29, 2018 approved the Composite Scheme. The written order was received by KPIT on December 18, 2018. The appointed date for the scheme was January 01, 2019 and the effective date was January 15, 2019.
Thus, the Composite Scheme approval by the NCLT resulted in the formation of two companies:
Business area of the company
The company helps its customers to go from design to production. The company’s offerings include solutions centered on software design, development and validation. Its solutions are knowledge intensive. The company leverages platforms, tools and accelerators that enable re-use and faster time to market.
Solutions offered by the company:
Geographical presence
KPIT in Europe: KPIT Technologies GMBH is a subsidiary of KPIT Technologies in Europe. KPIT GMBH is headquartered in Munich, Germany and strategically setup to drive new technologies, innovation from Germany.
KPIT in US: KPIT Technologies Inc. (US subsidiary of KPIT Technologies Ltd, Headquartered in Novi, Michigan) is a company specialized into six areas of automotive technologies: Autonomous Driving, Conventional and Electric Powertrain, Connected Vehicles, Vehicle Diagnostics, AUTOSAR and Mechatronics.
KPIT in JKC - Japan, Korea, China: The only company with a sharp focus on Automotive Engineering segment through a combination of IP and Services offerings, engaged on large global programs with leading OEM, T1 and Semiconductor companies, invites you to be a part of some of the best, cutting edge technologies within AD/ADAS, Powertrain, AUTOSAR and Connected Vehicles.
KPIT in Thailand: Located in central Bangkok; E-mobility partner for Asian OEMs, Thai Government; Engineering hub.
Awards & recognition:
2018-19:
2019-20
Key events and milestones
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