KPIT Technologies Ltd Stock Analysis

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

BSE Share Price Aug 16, 11:53
568.05 -1.85 (-0.32%)

DeciZen - Make an Informed Decision on KPIT Technologies

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

KPIT Technologies Price Chart

P/E Ratio (CD) :
52.18
Market Cap :
15,623.5 Cr.
52-wk low :
300.1
52-wk high :
800
Bole Toh?

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%0%0%0%0%160.2%15.5%14.2%13.5%22.6%-
Value Creation Index NANANANANANA0.20.0-0.0NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0000006412,1562,0362,4322,551
YoY Gr. Rt. %-NANANANANANA236.2%-5.6%19.5%-
Adj EPS 00000-26.635.35.410.210.9
YoY Gr. Rt. %-NANANANANANA78.5%1.5%88.7%-
BVPS (₹) 00000-16.635.738.844.347.850.4
Adj Net Profit 00000-0.379.8143145274299
Cash Flow from Ops. 000000151389628475-
Debt/CF from Ops. 0000000.90.200-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA56%19.5%
Adj EPS NANA50.6%88.7%
BVPS 0010.27.7
Share Price - - 88.3% 62.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 00000160.216.614.212.821.822.3
Op. Profit Mgn % 00000011.513.615.218.618.6
Net Profit Mgn % 00000012.66.67.211.311.7
Debt to Equity 0000000.10.100-
Working Cap Days 000000279140105820
Cash Conv. Cycle 0000001377252360

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.30%

Sales growth is growing at healthy rate in last 3 years 55.96%

Net Profit is growing at healthy rate in last 3 years 50.63%

Sales growth is good in last 4 quarters at 20.88%

No data to display

Latest Financials - KPIT Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 9.5 10.9
TTM Sales (₹ Cr.) 1,282 2,551
BVPS (₹.) 46.6 50.4
Reserves (₹ Cr.) 1,004 1,107
P/BV 12.23 11.31
PE 60.22 52.18
From the Market
52 Week Low / High (₹) 300.10 / 800.00
All Time Low / High (₹) 34.45 / 800.00
Market Cap (₹ Cr.) 15,623
Equity (₹ Cr.) 274.1
Face Value (₹) 10
Industry PE 29.8

Management X-Ray of KPIT Technologies :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *17.0917.0318.1018.104.541.441.441.270.731.09
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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Key Ratios of KPIT Technologies

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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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