KPIT Technologies Ltd

KPIT Technologies Ltd

₹ 1,290 -1.15%
21 Nov - close price
About

KPIT is a global technology company with software solutions that will help mobility leapfrog towards autonomous, clean, smart and connected future. With 13000+ 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 [1]

Key Points

Service Portfolio FY24
KPIT Technologies is a global partner to the automotive and Mobility ecosystem for making software-defined vehicles. It is a leading independent software development and integration partner specializing in embedded software, AI, and digital solutions.

  • Market Cap 35,370 Cr.
  • Current Price 1,290
  • High / Low 1,929 / 1,283
  • Stock P/E 94.3
  • Book Value 62.6
  • Dividend Yield 0.52 %
  • ROCE 26.6 %
  • ROE 19.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 29.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 43.4%

Cons

  • Stock is trading at 20.6 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
290 305 332 355 358 380 424 445 503 522 546 568 685
217 235 256 246 252 285 305 321 369 403 446 443 488
Operating Profit 74 71 76 109 105 95 119 124 134 119 101 125 197
OPM % 25% 23% 23% 31% 29% 25% 28% 28% 27% 23% 18% 22% 29%
12 11 41 11 8 19 4 2 6 22 48 6 54
Interest 2 2 5 4 4 4 3 4 4 4 3 4 2
Depreciation 20 21 21 21 23 24 22 23 25 26 28 29 31
Profit before tax 64 58 91 95 87 86 98 100 111 110 117 98 218
Tax % 18% 19% 6% 22% 24% 22% 24% 23% 24% 24% 30% 24% 26%
52 47 86 74 66 66 74 77 84 84 82 75 162
EPS in Rs 1.91 1.72 3.15 2.69 2.40 2.42 2.71 2.80 3.08 3.07 2.98 2.75 5.92
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 3m Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 230 968 803 1,181 1,516 2,017 2,321
0 153 692 625 889 1,088 1,530 1,780
Operating Profit -0 78 275 178 292 428 487 542
OPM % 34% 28% 22% 25% 28% 24% 23%
0 26 34 21 77 42 69 129
Interest 0 6 15 9 11 15 15 13
Depreciation 0 16 86 91 82 91 103 114
Profit before tax -0 81 208 99 277 366 438 544
Tax % 0% 9% 9% 6% 14% 23% 25%
-0 74 190 94 238 280 327 403
EPS in Rs -27.00 2.72 6.92 3.41 8.69 10.22 11.92 14.72
Dividend Payout % 0% 27% 14% 43% 35% 40% 56%
Compounded Sales Growth
10 Years: %
5 Years: 54%
3 Years: 36%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 48%
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: 67%
3 Years: 41%
1 Year: -11%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 21%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.10 268 269 269 270 270 271 271
Reserves -0 655 663 779 949 1,113 1,331 1,444
0 132 150 60 82 57 68 94
0 183 165 212 423 381 483 567
Total Liabilities 0 1,239 1,247 1,320 1,724 1,821 2,153 2,377
0 298 349 279 300 280 311 359
CWIP 0 1 5 12 0 32 1 2
Investments 0 421 285 403 550 844 1,040 1,611
0 519 608 625 875 665 801 404
Total Assets 0 1,239 1,247 1,320 1,724 1,821 2,153 2,377

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 144 245 418 292 204 512
0 -140 -54 -364 -198 -47 -329
0 35 -161 -78 -92 -132 -155
Net Cash Flow 0 39 29 -24 2 25 29

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 347 115 74 72 86 63
Inventory Days
Days Payable
Cash Conversion Cycle 347 115 74 72 86 63
Working Capital Days 419 84 29 -4 31 28
ROCE % 18% 20% 10% 24% 28% 27%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
40.11% 40.11% 40.11% 40.10% 40.10% 39.49% 39.47% 39.47% 39.47% 39.47% 39.47% 39.47%
20.38% 17.10% 15.99% 16.89% 20.30% 23.42% 25.91% 25.69% 26.48% 23.98% 22.23% 20.95%
13.27% 11.21% 10.74% 13.52% 12.69% 12.30% 11.78% 12.25% 11.60% 14.00% 16.64% 17.52%
24.68% 30.08% 31.69% 28.08% 25.44% 23.41% 21.55% 21.46% 21.33% 21.49% 20.63% 21.11%
1.56% 1.51% 1.48% 1.38% 1.46% 1.39% 1.29% 1.14% 1.10% 1.07% 1.02% 0.97%
No. of Shareholders 2,65,0085,14,2595,86,1975,63,2815,13,9714,76,8904,71,8964,96,0515,08,1585,32,9465,34,0185,59,643

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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