KPIT Technologies Ltd
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]
- Market Cap ₹ 32,804 Cr.
- Current Price ₹ 1,197
- High / Low ₹ 1,563 / 1,021
- Stock P/E 42.4
- Book Value ₹ 119
- Dividend Yield 0.71 %
- ROCE 40.9 %
- ROE 33.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 40.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.7%
- Company has been maintaining a healthy dividend payout of 29.0%
Cons
- Stock is trading at 10.0 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 3m | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 641 | 2,156 | 2,036 | 2,432 | 3,365 | 4,872 | 5,842 | 6,133 | |
| 0 | 550 | 1,866 | 1,729 | 1,981 | 2,732 | 3,881 | 4,617 | 4,911 | |
| Operating Profit | -0 | 92 | 290 | 307 | 451 | 633 | 991 | 1,225 | 1,222 |
| OPM % | 14% | 13% | 15% | 19% | 19% | 20% | 21% | 20% | |
| 0 | 1 | 19 | 21 | 32 | 43 | 60 | 175 | 119 | |
| Interest | 0 | 7 | 20 | 17 | 19 | 32 | 55 | 42 | 48 |
| Depreciation | 0 | 19 | 108 | 133 | 120 | 146 | 196 | 225 | 254 |
| Profit before tax | -0 | 67 | 181 | 178 | 345 | 497 | 800 | 1,133 | 1,039 |
| Tax % | 0% | 18% | 18% | 17% | 20% | 22% | 25% | 26% | |
| -0 | 55 | 148 | 147 | 276 | 387 | 599 | 840 | 773 | |
| EPS in Rs | -27.00 | 1.98 | 5.38 | 5.33 | 10.00 | 13.90 | 21.69 | 30.63 | 28.19 |
| Dividend Payout % | 0% | 37% | 18% | 28% | 31% | 29% | 31% | 28% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 34% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 44% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 63% |
| 3 Years: | 21% |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 31% |
| Last Year: | 33% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 268 | 269 | 269 | 270 | 270 | 271 | 272 | 272 |
| Reserves | -0 | 691 | 780 | 938 | 1,040 | 1,381 | 1,875 | 2,640 | 2,991 |
| 0 | 132 | 204 | 230 | 227 | 287 | 329 | 345 | 529 | |
| 0 | 582 | 384 | 531 | 799 | 1,402 | 1,624 | 1,776 | 2,921 | |
| Total Liabilities | 0 | 1,674 | 1,637 | 1,968 | 2,336 | 3,341 | 4,098 | 5,033 | 6,714 |
| 0 | 420 | 526 | 577 | 641 | 1,684 | 1,915 | 1,972 | 3,592 | |
| CWIP | 0 | 1 | 5 | 12 | 0 | 33 | 58 | 9 | 0 |
| Investments | 0 | 50 | 9 | 127 | 129 | 64 | 94 | 432 | 451 |
| 0 | 1,204 | 1,096 | 1,251 | 1,566 | 1,559 | 2,030 | 2,620 | 2,671 | |
| Total Assets | 0 | 1,674 | 1,637 | 1,968 | 2,336 | 3,341 | 4,098 | 5,033 | 6,714 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -0 | 151 | 389 | 628 | 475 | 462 | 1,002 | 1,390 | |
| 0 | 16 | -136 | -503 | -292 | -167 | -561 | -569 | |
| 0 | 34 | -177 | -115 | -127 | -183 | -240 | -342 | |
| Net Cash Flow | 0 | 201 | 75 | 10 | 56 | 112 | 201 | 478 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 337 | 76 | 55 | 56 | 64 | 56 | 47 | |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 337 | 76 | 55 | 56 | 64 | 56 | 47 | |
| Working Capital Days | 182 | 29 | -11 | -29 | -28 | -26 | -17 | |
| ROCE % | 20% | 18% | 14% | 25% | 30% | 38% | 41% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7h - KPIT met investors at Midcap Conference on November 20, 2025; reiterated Nov 10 earnings call; no UPSI.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - KPIT investor conference Nov 19, 2025; reiterated Nov 10 earnings call; no unpublished price-sensitive information.
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Announcement Under Regulation 30 (LODR) - Update On Acquisition Of Caresoft.
1d - KPIT paid USD 40 million as first deferred consideration for Caresoft acquisition (Nov 19, 2025).
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
2d - Ajay Bhagwat sold 41,000 shares on Nov 17, 2025; holding reduced to 2,264,584 (0.84%).
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2d
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2020
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Financial Year 2018
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Jul 2024Transcript PPT REC
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May 2024Transcript PPT
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Apr 2024Transcript PPT
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Apr 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Oct 2022Transcript PPT
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Jul 2022TranscriptNotesPPT REC
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Feb 2022TranscriptNotesPPT REC
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Nov 2021TranscriptNotesPPT REC
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Jul 2021TranscriptNotesPPT REC
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Apr 2021TranscriptNotesPPT REC
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Jan 2021TranscriptNotesPPT REC
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Oct 2020TranscriptNotesPPT REC
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Aug 2020TranscriptNotesPPT REC
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Aug 2019Transcript PPT
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.