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KPIT Technologies Limited
(KPITTECH)
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Rating:64Neutral
Price Target:
₹594.00
▲(0.68% Upside)
Action:Reiterated
Date:10/02/26
The score is primarily supported by solid financial performance, especially consistent free cash flow and generally healthy leverage. This is offset by very weak technicals (price below all key moving averages, negative MACD, deeply oversold RSI/Stoch), while valuation is reasonable but not compelling enough to dominate the current negative momentum.
Positive Factors
Multi-year revenue expansion
Strong multi-year revenue expansion indicates sustained demand for KPIT’s automotive software and engineering capabilities. Continued client program activity can support scale, deepen OEM relationships, and provide a durable foundation for recurring growth as vehicles become more software-intensive.
Negative Factors
Moderating revenue growth
The sharp moderation in revenue growth signals that KPIT’s expansion rate is becoming less predictable after stronger prior years. Slower top-line progression can reduce operating leverage, constrain hiring and investment capacity, and make future earnings growth more dependent on winning new programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue expansion
Strong multi-year revenue expansion indicates sustained demand for KPIT’s automotive software and engineering capabilities. Continued client program activity can support scale, deepen OEM relationships, and provide a durable foundation for recurring growth as vehicles become more software-intensive.
Read all positive factors
KPIT Technologies Limited (KPITTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹146.94B
Dividend Yield1.39%
Average Volume (3M)213.41K
Price to Earnings (P/E)25.4
Beta (1Y)1.48
Revenue Growth9.55%
EPS Growth-27.98%
CountryIN
Employees12,520
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)21.41
Shares Outstanding274,143,800
10 Day Avg. Volume290,449
30 Day Avg. Volume213,408
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
₹490.00Price Target Upside-16.95% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)21.36
Revenue Forecast (FY)₹67.53B
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 makes money primarily by providing engineering and software development services to automotive OEMs and Tier-1 suppliers under client contracts. Revenue is largely generated from (1) engineering services billed on a time-and-materials basis (...
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 | 12.30B | 9.91B | 6.35B | 4.51B |
| 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 Technical Analysis
Neutral
590.00
Price Trends
553.88
Negative
601.71
Negative
721.14
Negative
Market Momentum
-5.05
Negative
55.28
Neutral
84.27
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KPITTECH, the sentiment is Neutral. The current price of 590 is above the 20-day moving average (MA) of 510.10, above the 50-day MA of 553.88, and below the 200-day MA of 721.14, indicating a neutral trend. The MACD of -5.05 indicates Negative momentum. The RSI at 55.28 is Neutral, neither overbought nor oversold. The STOCH value of 84.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:KPITTECH.
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 | ₹3.86T | 21.04 | ― | 4.21% | 12.76% | 7.96% | |
77 Outperform | ₹382.95B | 27.50 | ― | 1.45% | 2.45% | 20.32% | |
76 Outperform | ₹897.08B | 50.93 | ― | 0.31% | 27.10% | 7.08% | |
73 Outperform | ₹1.28T | 26.78 | ― | 2.51% | 14.67% | 7.26% | |
69 Neutral | ₹286.39B | 49.94 | ― | 1.18% | 21.87% | -18.85% | |
64 Neutral | ₹146.94B | 25.44 | ― | 1.39% | 9.55% | -27.98% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:KPITTECH
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KPIT Technologies Limited Corporate Events
KPIT Technologies Confirms SEBI-Regulated Dematerialisation Compliance for Q2 2026
Oct 13, 2026
KPIT Technologies Limited, headquartered in Pune’s Rajiv Gandhi Infotech Park and listed on BSE and NSE as KPITTECH, operates within India’s regulated capital markets framework and coordinates closely with its registrar and share trans...
KPIT Technologies Confirms Fully Reconciled Share Capital for Q2 2026
Oct 13, 2026
KPIT Technologies Limited has reported that its equity share capital for the quarter ended September 30, 2026, is fully reconciled between issued, listed, and total shares. The company’s shares, carrying a face value of Rs 10 and traded unde...
KPIT Technologies Closes Trading Window Ahead of September Quarter Results
Sep 30, 2026
KPIT Technologies has announced that its trading window for dealing in company securities will be closed from October 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and relevant stock exchange circulars. The window w...
KPIT Technologies Reports Investor Meetings at JP Morgan India Conference 2026
Sep 22, 2026
KPIT Technologies disclosed that its officials participated in the JP Morgan India Conference 2026 in Mumbai on September 22, engaging in one-to-one and group meetings with prominent asset managers and investment firms. The company emphasized that...
KPIT Technologies Reports Regulated Investor Interactions at Anand Rathi Conference
Sep 21, 2026
KPIT Technologies Limited disclosed the outcome of its participation in the Anand Rathi Flagship Conference India 2026 in Mumbai, where company officials held one-to-one and group meetings with a range of institutional investors, including mutual ...
KPIT Technologies, Birlasoft Fined for Delay in Lodging NCLT Order
Aug 27, 2026
KPIT Technologies Limited has disclosed that it received an adjudication order from the Office of the Collector of Stamps related to a Composite Scheme of Arrangement involving Birlasoft entities and KPIT, previously sanctioned by the National Com...
KPIT Technologies Reports Investor Conference Outcome, Reaffirms Disclosure Compliance
Aug 10, 2026
KPIT Technologies Limited has reported the outcome of its participation in the Nirmal Bang Institutional Equities Semi-Annual Investor Conference held in Mumbai on August 10, 2026. Company officials met both one-on-one and in groups with a range o...
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...
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.