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KPIT Technologies Limited
(KPITTECH)
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Rating:62Neutral
Price Target:
₹656.00
▲(12.52% Upside)
Action:Reiterated
Date:07/02/26
The score is led by solid financial performance—profitable operations and strong free cash flow—tempered by softer FY26 margins/ROE and higher debt. Technicals are the largest drag due to a pronounced downtrend (price well below major moving averages) and bearish momentum, while valuation is neutral-to-moderately supportive given the mid-range P/E and modest dividend yield.
Positive Factors
Sector specialization & secular tailwinds
KPIT's product and service mix is tightly aligned with long-term automotive secular trends—electrification, software-defined vehicles, connectivity and ADAS. This specialization supports durable demand from OEMs and Tier-1s as vehicle software content rises across model cycles.
Negative Factors
Earnings margin and ROE deterioration
A material drop in net margin and a sharp ROE decline signal reduced profitability efficiency. If persistent, this could limit internal funding for growth, weaken returns on invested capital, and indicate margin pressure from pricing, cost structure, or program mix changes across vehicle lifecycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Sector specialization & secular tailwinds
KPIT's product and service mix is tightly aligned with long-term automotive secular trends—electrification, software-defined vehicles, connectivity and ADAS. This specialization supports durable demand from OEMs and Tier-1s as vehicle software content rises across model cycles.
Read all positive factors
KPIT Technologies Limited (KPITTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹163.99B
Dividend Yield1.38%
Average Volume (3M)64.43K
Price to Earnings (P/E)27.9
Beta (1Y)1.20
Revenue Growth9.55%
EPS Growth-27.98%
CountryIN
Employees12,873
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)21.41
Shares Outstanding274,143,800
10 Day Avg. Volume52,519
30 Day Avg. Volume64,430
Financial Highlights & Ratios
PEG Ratio-1.12
Price to Book (P/B)4.88
Price to Sales (P/S)2.67
P/FCF Ratio16.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹698.00Price Target Upside19.73% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)22.96
Revenue Forecast (FY)₹67.65B
KPIT Technologies Limited Business Overview & Revenue Model
Company Description
KPIT Technologies Limited, an Indian firm founded in Pune in 1990, specializes globally in providing embedded software, artificial intelligence, and digital solutions for the automotive and mobility industries. Its operations span the Americas, th...
How the Company Makes Money
KPIT primarily makes money by delivering engineering and software services to automotive OEMs and Tier-1 suppliers under commercial service contracts. Revenue is largely generated from (a) time-and-materials engagements where the client pays for e...
KPIT Technologies Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 65.91B | 64.55B | 58.42B | 48.72B | 33.65B | 24.32B |
| Gross Profit | 22.60B | 20.68B | 20.21B | 16.46B | 11.44B | 7.90B |
| EBITDA | 12.06B | 12.46B | 10.82B | 8.68B | 5.40B | 3.69B |
| Net Income | 5.83B | 6.37B | 8.40B | 5.95B | 3.81B | 2.74B |
Balance Sheet | ||||||
| Total Assets | 72.03B | 72.56B | 50.33B | 41.68B | 23.36B | 23.36B |
| Cash, Cash Equivalents and Short-Term Investments | 13.14B | 13.90B | 15.66B | 8.56B | 10.00B | 10.00B |
| Total Debt | 7.78B | 8.38B | 3.45B | 3.29B | 2.87B | 2.27B |
| Total Liabilities | 35.17B | 37.08B | 21.21B | 20.05B | 10.11B | 10.11B |
| Stockholders Equity | 36.79B | 35.41B | 29.12B | 21.46B | 13.10B | 13.10B |
Cash Flow | ||||||
| Free Cash Flow | 3.13B | 10.22B | 12.60B | 8.46B | 3.33B | 5.68B |
| Operating Cash Flow | 3.90B | 11.64B | 13.90B | 10.02B | 4.62B | 6.28B |
| Investing Cash Flow | -6.09B | -12.05B | -6.30B | -5.64B | -2.23B | -3.02B |
| Financing Cash Flow | -822.87M | 1.38B | -3.42B | -2.40B | -1.23B | -1.15B |
KPIT Technologies Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹3.65T | 20.83 | ― | 4.72% | 12.59% | 2.65% | |
75 Outperform | ₹875.50B | 46.35 | ― | 0.71% | 23.53% | 31.64% | |
69 Neutral | ₹377.22B | 28.55 | ― | 1.70% | 5.66% | 3.90% | |
67 Neutral | ₹1.29T | 26.78 | ― | 2.80% | 13.87% | 10.72% | |
66 Neutral | ₹303.52B | 54.49 | ― | 1.17% | 15.21% | -18.75% | |
62 Neutral | ₹163.99B | 27.95 | ― | 1.41% | 9.55% | -27.98% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:KPITTECH
KPIT Technologies Limited
626.90
-578.45
-47.99%
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KPIT Technologies Limited Corporate Events
KPIT Technologies Sets Virtual AGM, Proposes Final Dividend for FY 2025-26
Aug 4, 2026
KPIT Technologies has announced that its ninth Annual General Meeting will be held on August 31, 2026, via video conferencing and other audio-visual means, in line with Ministry of Corporate Affairs and SEBI guidelines. The AGM notice and the 2025...
KPIT Technologies posts audio of Q1 earnings call for investors
Jul 29, 2026
KPIT Technologies Limited has notified the stock exchanges that the audio recording of its post-earnings conference call held on July 29, 2026 is now available to investors. The recording can be accessed through the company’s website via its...
KPIT warns shareholders on unclaimed dividends and IEPF share transfer
Jun 26, 2026
KPIT Technologies has notified investors that it has published statutory newspaper advertisements and sent individual communications to shareholders regarding the transfer of unclaimed dividends and corresponding equity shares to the Investor Educ...
KPIT Technologies to Acquire Stake in Cymotive, Boosting Auto Cybersecurity Play
May 6, 2026
KPIT Technologies’ board has approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, alongside audited financial statements carrying an unmodified opinion from the statutory auditors. The...
KPIT Technologies Files Q4 FY 2025-26 Investor Update with Exchanges
May 6, 2026
KPIT Technologies has submitted its investor update for the fourth quarter of FY 2025-26 to the stock exchanges, providing stakeholders with detailed financial and operational results. The filing underscores the company’s ongoing disclosure ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.