KPIT Technologies Ltd

KPIT Technologies Ltd

₹ 1,508 6.50%
29 Apr - 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 10000+ 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
KPIT is a leading software integrator covering prototype development, actual software development, validation and testing. The services are categorized into Feature Development & Integration, Architecture Consulting & Middleware, and Cloud-based connected services. [1]

  • Market Cap 41,355 Cr.
  • Current Price 1,508
  • High / Low 1,764 / 874
  • Stock P/E 69.8
  • Book Value 78.3
  • Dividend Yield 0.27 %
  • ROCE 38.4 %
  • ROE 31.2 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • 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 19.3 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
540 567 591 622 652 686 745 917 1,017 1,098 1,199 1,257 1,318
453 469 487 508 530 553 607 747 835 884 959 998 1,045
Operating Profit 88 98 104 115 121 133 138 170 182 214 240 259 272
OPM % 16% 17% 18% 18% 19% 19% 19% 19% 18% 19% 20% 21% 21%
6 12 11 9 14 16 11 18 7 22 9 19 17
Interest 4 4 4 4 7 6 7 8 11 14 14 16 12
Depreciation 31 29 29 31 31 31 33 40 42 45 48 50 53
Profit before tax 59 78 82 88 97 112 109 139 136 177 188 212 224
Tax % 11% 22% 21% 20% 17% 22% 23% 25% 18% 24% 25% 26% 26%
53 60 65 70 81 88 84 104 112 134 141 157 166
EPS in Rs 1.91 2.20 2.37 2.55 2.88 3.12 3.05 3.67 4.07 4.89 5.14 5.67 6.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 641 2,156 2,036 2,432 3,365 4,872
0 550 1,866 1,729 1,981 2,732 3,881
Operating Profit -0 92 290 307 451 633 991
OPM % 14% 13% 15% 19% 19% 20%
0 1 19 21 32 43 60
Interest 0 7 20 17 19 32 55
Depreciation 0 19 108 133 120 146 196
Profit before tax -0 67 181 178 345 497 800
Tax % 0% 18% 18% 17% 20% 22% 25%
-0 55 148 147 276 387 599
EPS in Rs -27.00 1.98 5.38 5.33 10.00 13.90 21.69
Dividend Payout % 0% 37% 18% 28% 31% 29% 31%
Compounded Sales Growth
10 Years: %
5 Years: 50%
3 Years: 34%
TTM: 45%
Compounded Profit Growth
10 Years: %
5 Years: 49%
3 Years: 61%
TTM: 56%
Stock Price CAGR
10 Years: %
5 Years: 72%
3 Years: 97%
1 Year: 65%
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
Equity Capital 0 268 269 269 270 270 271
Reserves -0 691 780 938 1,040 1,381 1,875
0 132 204 230 227 287 329
0 582 384 531 799 1,402 1,693
Total Liabilities 0 1,674 1,637 1,968 2,336 3,341 4,168
0 420 526 577 641 1,684 1,973
CWIP 0 1 5 12 0 33 1
Investments 0 50 9 127 129 64 94
0 1,204 1,096 1,251 1,566 1,559 2,100
Total Assets 0 1,674 1,637 1,968 2,336 3,341 4,168

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 -564
0 34 -177 -115 -127 -183 -240
Net Cash Flow 0 201 75 10 56 112 198

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 -12
ROCE % 20% 18% 14% 25% 30%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
40.14% 40.14% 40.11% 40.11% 40.11% 40.10% 40.10% 39.49% 39.47% 39.47% 39.47% 39.47%
19.82% 20.90% 20.38% 17.10% 15.99% 16.89% 20.30% 23.42% 25.91% 25.69% 26.48% 23.98%
14.15% 12.58% 13.27% 11.21% 10.74% 13.52% 12.69% 12.30% 11.78% 12.25% 11.60% 14.00%
24.06% 24.72% 24.68% 30.08% 31.69% 28.08% 25.44% 23.41% 21.55% 21.46% 21.33% 21.49%
1.82% 1.65% 1.56% 1.51% 1.48% 1.38% 1.46% 1.39% 1.29% 1.14% 1.10% 1.07%
No. of Shareholders 1,10,6842,05,5292,65,0085,14,2595,86,1975,63,2815,13,9714,76,8904,71,8964,96,0515,08,1585,32,946

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls