KPIT Technologies Ltd - Stock Valuation and Financial Performance

BSE: 542651 | NSE: KPITTECH | IT - Software | Mid Cap

KPIT Technologies Share Price

1,457 27.15 1.90%
as on 04-Dec'24 13:39

DeciZen - make an informed investing decision on KPIT Technologies

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

KPIT Technologies stock performance -

mw4me loader
P/E Ratio (CD):
53.87
Market Cap:
39,198.5 Cr.
52-wk low:
1,283.3
52-wk high:
1,928.8

Is KPIT Technologies Ltd an attractive stock to invest in?

1. Is KPIT Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that KPIT Technologies Ltd is a good quality company.

2. Is KPIT Technologies Ltd undervalued or overvalued?

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.

3. Is KPIT Technologies Ltd a good buy now?

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.

10 Year X-Ray of KPIT Technologies:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
KPIT Technologies Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0%0%0%0%13.6%18.2%16.8%28.9%35.1%44%-
Value Creation
Index
NANANANA0.20.30.21.12.12.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00006412,1562,0362,4323,3654,8725,411
Sales YoY Gr.-NANANANA236.2%-5.6%19.5%38.3%44.8%-
Adj EPS 000-26.635.35.49.813.721.626.5
YoY Gr.-NANANANA78.5%1.5%82.5%39.3%57.5%-
BVPS (₹) 000-16.635.738.844.347.860.17891.3
Adj Net
Profit
000-0.379.8143145265370585728
Cash Flow from Ops. 00001513896284754621,002-
Debt/CF from Ops. 00000.90.2000.10-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA50%33.8%44.8%
Adj EPS NA48.6%58.8%57.5%
BVPSNA16.9%20.7%29.8%
Share Price - 73.6% 43% -2.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
000160.216.614.212.821.12530.831.4
Op. Profit
Mgn %
000011.513.615.217.618.920.420.8
Net Profit
Mgn %
000012.66.67.21111.212.113.5
Debt to
Equity
00000.10.100000
Working Cap
Days
000027914010582878469
Cash Conv.
Cycle
0000137725236495117

Recent Performance Summary

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

Latest Financials - KPIT Technologies Ltd.

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 22.81 15.66
PE 97.19 53.87
From the Market
52 Week Low / High (₹) 1283.30 / 1928.75
All Time Low / High (₹) 34.45 / 1928.75
Market Cap (₹ Cr.) 39,198
Equity (₹ Cr.) 274.1
Face Value (₹) 10
Industry PE 36.2

Management X-Ray of KPIT Technologies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.090.820.820.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of KPIT Technologies

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales06412,1562,0362,4323,3654,872
Operating Expenses 05701,8691,7292,0052,7323,880
Manufacturing Costs044236194154214233
Material Costs0108004058
Employee Cost 03571,4291,3411,6112,1553,112
Other Costs 0159196193241323477
Operating Profit 071287307427633991
Operating Profit Margin (%) -11.1%13.3%15.1%17.6%18.8%20.3%
Other Income 0563116564060
Interest 072017193255
Depreciation 019108133120146196
Exceptional Items 0-34-105000
Profit Before Tax 067181178345497800
Tax 012333168110202
Profit After Tax 055148147276387599
PAT Margin (%) -8.6%6.9%7.2%11.4%11.5%12.3%
Adjusted EPS (₹)-26.62.05.55.410.214.121.9
Dividend Payout Ratio (%)0%37%18%28%31%29%31%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 09601,0441,1931,2901,6242,116
Share Capital 0269269269270270271
Reserves 06917759241,0201,3541,844
Minority Interest0443161217
Debt09720224945
Long Term Debt03732200
Short Term Debt06017004945
Trade Payables010385135137164240
Others Liabilities 05064435798151,4811,672
Total Liabilities 01,6701,5951,9122,2603,3314,089

Fixed Assets

Gross Block05938109771,1102,2922,556
Accumulated Depreciation0173284400469607641
Net Fixed Assets04205265776411,6841,915
CWIP 0151203358
Investments 05091271296494
Inventories01812005990
Trade Receivables0592449378441775956
Cash Equivalents 0221381701893549771
Others Assets0369213117155167205
Total Assets 01,6701,5951,9122,2603,3314,089

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 01513896284754621,002
PBT 067181178345497800
Adjustment 021161175132241251
Changes in Working Capital 08213030887-17787
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 0-5-50-426-16274-70
Others 0-55-21-15-71-149-339
Cash Flow From Financing Activity 034-177-115-127-183-240
Net Proceeds from Shares 0211322
Net Proceeds from Borrowing 0-17-37-38-1-20
Interest Paid 0-8-7-5-3-9-19
Dividend Paid 00-470-74-89-129
Others 057-87-73-52-85-93
Net Cash Flow 09873124677198
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/A11.4714.7513.1522.2626.5532.01
ROCE (%)N/A13.5818.2316.8228.8635.1243.96
Asset Turnover Ratio00.771.321.161.171.21.31
PAT to CFO Conversion(x)N/A2.752.634.271.721.191.67
Working Capital Days
Receivable Days03378874616665
Inventory Days01030066
Payable Days01,8024,030001,3611,264

KPIT Technologies Ltd Stock News

KPIT Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of KPIT Technologies on 04-Dec-2024 13:39 is ₹1,457.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2024 13:39 the market cap of KPIT Technologies stood at ₹39,198.5.
The latest P/E ratio of KPIT Technologies as of 04-Dec-2024 13:39 is 97.19.
The latest P/B ratio of KPIT Technologies as of 04-Dec-2024 13:39 is 22.81.
The 52-week high of KPIT Technologies is ₹1,928.8 and the 52-week low is ₹1,283.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KPIT Technologies is ₹2,321 ( Cr.) .

About KPIT Technologies Ltd

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:

  • KPIT Technologies Limited, a global leader in Automotive Engineering and Mobility Solutions, which evolved from the existing Engineering Business of KPIT.
  • Birlasoft Limited, a new Digital Business IT Services company, focusing on the mid-tier IT space formed by combining Birlasoft with the erstwhile KPIT IT business.

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:

  • Autonomous Driving & ADAS
  • Electric & Conventional Powertrain
  • Connected Vehicles
  • Vehicle Diagnostics
  • AUTOSAR
  • Mechatronics

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:

  • KPIT won the ‘Frost & Sullivan India Best Practices Award 2018’ in the Category - India Shared Mobility Solutions Visionary Innovation Leadership Award.
  • KPIT won the award in EMobility India Week 2018 under the award category- Electric Vehicle IT Innovation of the year Award.
  • KPIT has been recognized with two Manufacturing Leadership Awards by Frost and Sullivan for its clean and smart technology solutions in the urban mobility sector.
  • KPIT’s Integrated Intelligent Transport Systems and Revolo have earned awards in the Smart Products and Services and Sustainability categories respectively.

2019-20

  • Awarded as ‘Excellent Partner 2019’ by Japanese OEM.
  • Awarded as ‘Excellent Partner 2019’ for CoE strategy by leading Japanese Tier-1.
  • Awarded as ‘Engineering Partner 2018’ strategy by Japanese Tier-1.
  • Received Adam Smith Award for the Best AR Solution at Adam Smith Awards Asia 2019 in Singapore.
  • Awarded with Innovation in Retention Strategy award for achieving and sustaining industry leading retention by World HRD Congress in Mumbai.

Key events and milestones

  • 2018: KPIT’s IT Services business is merged with Birlasoft to form a leading $500M publicly listed Enterprise Digital and IT Services company.
  • 2018: KPIT and Udacity Forge Partnership for Upskilling Talent in Autonomous Vehicle Engineering.
  • 2018: The Skyline Pro-E electric buses powered by KPIT’s innovative electrification technology, ‘REVOLO’ started commercial operations for public transport in New Town Kolkata.
  • 2019: The company gets listed on BSE and NSE.
  • 2020: KPIT and KPIT logo trademarks are registered.
  • 2020: Expands Presence in Europe by Setting up a New Software Engineering Center in Munich.
  • 2020: Innovates versatile ventilators in fight against COVID-19.
  • 2020: Collaborates with KLE Technological University to Offer an Undergraduate Engineering Programme to Employees.
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