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 48.7
  • Book Value 91.2
  • Dividend Yield 0.52 %
  • ROCE 38.4 %
  • ROE 31.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 49.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
  • Company has been maintaining a healthy dividend payout of 30.1%

Cons

  • Stock is trading at 14.2 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

Consolidated Figures in Rs. Crores / View Standalone

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
591 622 652 686 745 917 1,017 1,098 1,199 1,257 1,318 1,365 1,471
487 508 530 553 607 747 835 884 959 998 1,045 1,077 1,174
Operating Profit 104 115 121 133 138 170 182 214 240 259 272 288 297
OPM % 18% 18% 19% 19% 19% 19% 18% 19% 20% 21% 21% 21% 20%
11 9 14 16 11 18 7 22 9 19 17 54 52
Interest 4 4 7 6 7 8 11 14 14 16 12 13 10
Depreciation 29 31 31 31 33 40 42 45 48 50 53 53 56
Profit before tax 82 88 97 112 109 139 136 177 188 212 224 277 283
Tax % 21% 20% 17% 22% 23% 25% 18% 24% 25% 26% 26% 26% 28%
65 70 81 88 84 104 112 134 141 157 166 204 204
EPS in Rs 2.37 2.55 2.88 3.12 3.05 3.67 4.07 4.89 5.14 5.67 6.00 7.45 7.43
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 3m Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 641 2,156 2,036 2,432 3,365 4,872 5,411
0 550 1,866 1,729 1,981 2,732 3,881 4,295
Operating Profit -0 92 290 307 451 633 991 1,116
OPM % 14% 13% 15% 19% 19% 20% 21%
0 1 19 21 32 43 60 142
Interest 0 7 20 17 19 32 55 50
Depreciation 0 19 108 133 120 146 196 211
Profit before tax -0 67 181 178 345 497 800 996
Tax % 0% 18% 18% 17% 20% 22% 25%
-0 55 148 147 276 387 599 731
EPS in Rs -27.00 1.98 5.38 5.33 10.00 13.90 21.69 26.55
Dividend Payout % 0% 37% 18% 28% 31% 29% 31%
Compounded Sales Growth
10 Years: %
5 Years: 50%
3 Years: 34%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: 49%
3 Years: 61%
TTM: 49%
Stock Price CAGR
10 Years: %
5 Years: 67%
3 Years: 44%
1 Year: -11%
Return on Equity
10 Years: %
5 Years: 23%
3 Years: 27%
Last Year: 31%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 -0 691 780 938 1,040 1,381 1,875 2,229
0 132 204 230 227 287 329 349
0 582 384 531 799 1,402 1,624 1,736
Total Liabilities 0 1,674 1,637 1,968 2,336 3,341 4,098 4,586
0 420 526 577 641 1,684 1,915 1,995
CWIP 0 1 5 12 0 33 58 2
Investments 0 50 9 127 129 64 94 240
0 1,204 1,096 1,251 1,566 1,559 2,030 2,348
Total Assets 0 1,674 1,637 1,968 2,336 3,341 4,098 4,586

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 151 389 628 475 462 1,002
0 16 -136 -503 -292 -167 -561
0 34 -177 -115 -127 -183 -240
Net Cash Flow 0 201 75 10 56 112 201

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 337 76 55 56 64 56
Inventory Days
Days Payable
Cash Conversion Cycle 337 76 55 56 64 56
Working Capital Days 216 37 -4 -23 -17 -18
ROCE % 20% 18% 14% 25% 30% 38%

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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Documents

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