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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of KPIT Technologies Ltd

About the Company - KPIT Technologies Ltd

KPIT Technologies Ltd. is a Public Limited Listed company incorporated on 08/01/2018 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74999PN2018PLC174192 and registration number is 174192. Currently Company is involved in the business activities of Architecture and engineering activities; technical testing and analysis. Company’s Total Operating Revenue is Rs. 1180.99 Cr. and Equity Capital is Rs. 270.02 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwarePlot 17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Pune Maharashtra 411057grievances@kpit.com
http://www.kpit.com
Management
NamePosition Held
Mr. S B Ravi PanditChairman
Mr. Kishor PatilManaging Director & CEO
Mr. Sachin TikekarJt. Managing Director & President
Prof. Alberto Sangiovanni VincentelliIndependent Director
Dr. Nickhil JakatdarIndependent Director
Mr. Anant TalaulicarIndependent Director
Mr. B V R SubbuIndependent Director
Ms. Bhavna DoshiIndependent Director
Prof. Rajiv LalIndependent Director
Mr. Anup SableWhole Time Director
Mr. Chinmay PanditWhole Time Director
Mr. Srinath BatniIndependent Director

KPIT Technologies Ltd. Share Price Update

Share PriceValue
Today₹1,587.80
Previous Day₹1,565.45

Basic Stock Data of KPIT Technologies Ltd

Market Cap 43,208 Cr.
Current Price 1,576
High / Low1,764/741
Stock P/E80.0
Book Value 67.8
Dividend Yield0.27 %
ROCE30.2 %
ROE25.7 %
Face Value 10.0

Data Source: screener.in

KPIT Technologies Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales5175405675916226526867459171,0171,0981,1991,257
Expenses434453469487508530553607747835884959998
Operating Profit838898104115121133138170182214240259
OPM %16%16%17%18%18%19%19%19%19%18%19%20%21%
Other Income961211914161118722919
Interest44444767811141416
Depreciation34312929313131334042454850
Profit before tax545978828897112109139136177188212
Tax %20%11%22%21%20%17%22%23%25%18%24%25%26%
Net Profit4353606570818884104112134141157
EPS in Rs1.521.912.202.372.552.883.123.053.674.074.895.145.67

KPIT Technologies Ltd Quarterly Chart

KPIT Technologies Ltd Profit & Loss

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales06412,1562,0362,4323,3654,231
Expenses05501,8661,7291,9812,7323,425
Operating Profit-092290307451633806
OPM %14%13%15%19%19%19%
Other Income011921324356
Interest072017193246
Depreciation019108133120146176
Profit before tax-067181178345497640
Tax %0%18%18%17%20%22%
Net Profit-055148147276387491
EPS in Rs-27.001.985.385.3310.0013.9017.77
Dividend Payout %0%37%18%28%31%29%

KPIT Technologies Ltd Profit & Loss Yearly Chart

KPIT Technologies Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:16%
TTM:52%
Compounded Profit Growth
10 Years:%
5 Years:327%
3 Years:35%
TTM:54%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:130%
1 Year:90%
Return on Equity
10 Years:%
5 Years:19%
3 Years:21%
Last Year:26%

KPIT Technologies Ltd Balance Sheet

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0268269269270270271
Reserves-06917809381,0401,3811,586
Borrowings0132204230227287376
Other Liabilities05823845317991,4021,511
Total Liabilities01,6741,6371,9682,3363,3413,745
Fixed Assets04205265776411,6841,920
CWIP015120334
Investments05091271296419
Other Assets01,2041,0961,2511,5661,5591,801
Total Assets01,6741,6371,9682,3363,3413,745

KPIT Technologies Ltd Reserves and Borrowings Chart

KPIT Technologies Ltd Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -0151389628475462
Cash from Investing Activity 016-136-503-292-167
Cash from Financing Activity 034-177-115-127-183
Net Cash Flow0201751056112

KPIT Technologies Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days33776555664
Inventory Days
Days Payable
Cash Conversion Cycle33776555664
Working Capital Days21637-4-23-17
ROCE %20%18%14%25%30%

KPIT Technologies Ltd Financial Efficiency Indicators Chart

KPIT Technologies Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters40.14%40.14%40.14%40.11%40.11%40.11%40.10%40.10%39.49%39.47%39.47%39.47%
FIIs20.92%19.82%20.90%20.38%17.10%15.99%16.89%20.30%23.42%25.91%25.69%26.48%
DIIs15.44%14.15%12.58%13.27%11.21%10.74%13.52%12.69%12.30%11.78%12.25%11.60%
Public21.64%24.06%24.72%24.68%30.08%31.69%28.08%25.44%23.41%21.55%21.46%21.33%
Others1.86%1.82%1.65%1.56%1.51%1.48%1.38%1.46%1.39%1.29%1.14%1.10%
No. of Shareholders75,5671,10,6842,05,5292,65,0085,14,2595,86,1975,63,2815,13,9714,76,8904,71,8964,96,0515,08,158

KPIT Technologies Ltd Shareholding Pattern Chart

No. of KPIT Technologies Ltd Shareholders

KPIT Technologies Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund47569321.55579.18
Motilal Oswal Midcap Fund30000006.03365.27
HSBC Small Cap Fund - Regular Plan21882002.31266.42
Franklin India Smaller Companies Fund18726102.35228
Axis Small Cap Fund17848261.33217.31
HSBC ELSS Tax saver Fund10598004.04129.04
ICICI Prudential Technology Fund9485561.06115.49
HSBC Aggressive Hybrid Fund8580002.2104.47
Sundaram Mid Cap Fund5222750.7563.59
Sundaram Mid Cap Fund - Institutional Plan5222750.7563.59

KPIT Technologies Ltd ROCE Trend

KPIT Technologies Ltd EPS Trend

KPIT Technologies Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)14.1010.175.435.468.18
Diluted EPS (Rs.)13.9510.055.405.448.15
Cash EPS (Rs.)19.6414.6510.429.482.75
Book Value[Excl.RevalReserv]/Share (Rs.)61.5249.0844.9639.0735.88
Book Value[Incl.RevalReserv]/Share (Rs.)61.5249.0844.9639.0735.88
Revenue From Operations / Share (Rs.)124.4790.0875.6780.1923.88
PBDIT / Share (Rs.)24.9017.9012.0011.834.74
PBIT / Share (Rs.)19.4813.477.057.814.04
PBT / Share (Rs.)18.2912.756.606.722.50
Net Profit / Share (Rs.)14.2210.225.475.462.05
NP After MI And SOA / Share (Rs.)14.0910.165.435.452.02
PBDIT Margin (%)20.0019.8715.8614.7419.83
PBIT Margin (%)15.6514.959.319.7316.90
PBT Margin (%)14.6914.158.728.3710.47
Net Profit Margin (%)11.4211.347.226.808.58
NP After MI And SOA Margin (%)11.3211.277.176.798.44
Return on Networth / Equity (%)23.0620.9412.1014.005.64
Return on Capital Employeed (%)23.5922.3313.1717.7910.49
Return On Assets (%)11.2011.737.428.963.23
Long Term Debt / Equity (X)0.000.000.000.000.03
Total Debt / Equity (X)0.020.000.000.010.10
Asset Turnover Ratio (%)0.720.630.540.630.37
Current Ratio (X)1.292.142.462.231.92
Quick Ratio (X)1.242.142.462.201.89
Inventory Turnover Ratio (X)0.000.000.010.010.00
Dividend Payout Ratio (NP) (%)23.4027.030.0032.070.00
Dividend Payout Ratio (CP) (%)16.9018.820.0018.460.00
Earning Retention Ratio (%)76.6072.970.0067.930.00
Cash Earning Retention Ratio (%)83.1081.180.0081.540.00
Interest Coverage Ratio (X)20.8324.9218.7216.0418.34
Interest Coverage Ratio (Post Tax) (X)12.9015.239.238.8913.87
Enterprise Value (Cr.)24518.8415352.004066.56592.610.00
EV / Net Operating Revenue (X)7.296.312.000.270.00
EV / EBITDA (X)36.4331.7612.591.860.00
MarketCap / Net Operating Revenue (X)7.436.672.340.440.00
Retention Ratios (%)76.5972.960.0067.920.00
Price / BV (X)15.1412.393.950.900.00
Price / Net Operating Revenue (X)7.436.672.340.440.00
EarningsYield0.010.010.030.150.00

KPIT Technologies Ltd Profitability Ratios (%)

KPIT Technologies Ltd Liquidity Ratios

KPIT Technologies Ltd Liquidity Ratios (%)

KPIT Technologies Ltd Interest Coverage Ratios (%)

KPIT Technologies Ltd Valuation Ratios

Fair Value of KPIT Technologies Ltd Stock

Fair Value: ₹1397.73

The stock is overvalued by 11.31% compared to the current price ₹1576

*Investments are subject to market risks

Strength and Weakness of KPIT Technologies Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 17.83%, which is a positive sign.
  2. The company has higher reserves (916.57 cr) compared to borrowings (208.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (93.43 cr) and profit (272.57 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 10.37 and average Dividend Yield of 13.31%.
  2. The stock has a high average Working Capital Days of 34.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 98.00, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in KPIT Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE