Upcoming Dividend • Aug 05
Upcoming dividend of ₹5.25 per share Eligible shareholders must have bought the stock before 12 August 2026. Payment date: 30 September 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (2.4%). Price Target Changed • Jul 31
Price target decreased by 9.5% to ₹663 Down from ₹732, the current price target is an average from 21 analysts. New target price is 11% above last closing price of ₹598. Stock is down 50% over the past year. The company is forecast to post earnings per share of ₹21.95 for next year compared to ₹23.43 last year. Reported Earnings • Jul 30
First quarter 2027 earnings: EPS misses analyst expectations First quarter 2027 results: EPS: ₹4.30 (down from ₹6.32 in 1Q 2026). Revenue: ₹16.7b (up 8.9% from 1Q 2026). Net income: ₹1.17b (down 32% from 1Q 2026). Profit margin: 7.0% (down from 11% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹639, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Software industry in India. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹642 per share. Announcement • Jul 17
KPIT Technologies Limited to Report Q1, 2027 Results on Jul 29, 2026 KPIT Technologies Limited announced that they will report Q1, 2027 results on Jul 29, 2026 Price Target Changed • Jul 06
Price target decreased by 11% to ₹744 Down from ₹835, the current price target is an average from 21 analysts. New target price is 33% above last closing price of ₹558. Stock is down 56% over the past year. The company is forecast to post earnings per share of ₹28.27 for next year compared to ₹23.43 last year. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ₹558, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Software industry in India. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹602 per share. Price Target Changed • May 17
Price target decreased by 7.7% to ₹834 Down from ₹904, the current price target is an average from 21 analysts. New target price is 18% above last closing price of ₹704. Stock is down 48% over the past year. The company is forecast to post earnings per share of ₹30.62 for next year compared to ₹23.43 last year. New Risk • May 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.7% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.7% net profit margin). Announcement • Apr 29
KPIT Technologies Limited to Report Q4, 2026 Results on May 06, 2026 KPIT Technologies Limited announced that they will report Q4, 2026 results on May 06, 2026 Buy Or Sell Opportunity • Apr 27
Now 22% overvalued Over the last 90 days, the stock has fallen 33% to ₹735. The fair value is estimated to be ₹605, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Price Target Changed • Mar 31
Price target decreased by 7.6% to ₹1,110 Down from ₹1,201, the current price target is an average from 19 analysts. New target price is 75% above last closing price of ₹635. Stock is down 50% over the past year. The company is forecast to post earnings per share of ₹25.55 for next year compared to ₹30.93 last year. Declared Dividend • Jan 31
Dividend of ₹2.25 announced Shareholders will receive a dividend of ₹2.25. Ex-date: 4th February 2026 Payment date: 28th February 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 41% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: ₹4.90 (vs ₹6.89 in 3Q 2025) Third quarter 2026 results: EPS: ₹4.90 (down from ₹6.89 in 3Q 2025). Revenue: ₹16.2b (up 9.4% from 3Q 2025). Net income: ₹1.33b (down 29% from 3Q 2025). Profit margin: 8.2% (down from 13% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jan 15
KPIT Technologies Limited to Report Q3, 2026 Results on Jan 29, 2026 KPIT Technologies Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Reported Earnings • Nov 11
Second quarter 2026 earnings released: EPS: ₹6.22 (vs ₹7.51 in 2Q 2025) Second quarter 2026 results: EPS: ₹6.22 (down from ₹7.51 in 2Q 2025). Revenue: ₹15.9b (up 7.9% from 2Q 2025). Net income: ₹1.69b (down 17% from 2Q 2025). Profit margin: 11% (down from 14% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
KPIT Technologies Limited to Report Q2, 2026 Results on Nov 10, 2025 KPIT Technologies Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Announcement • Oct 28
KPIT Technologies Limited (NSEI:KPITTECH) completed the acquisition of Caresoft Global Inc., CAREG LOTECH de RL de CV and Oxi S.R.L from Caresoft Global Holdings Limited, Sabella Davies and Richard Ambadipudi. KPIT Technologies Limited (NSEI:KPITTECH) entered into a definitive Share Purchase Agreement to acquire Caresoft Global Inc., CAREG LOTECH de RL de CV and Oxi S.R.L from Caresoft Global Holdings Limited, Sabella Davies and Richard Ambadipudi for approximately $190 million on May 6, 2025. Total consideration for acquisition will be a maximum of $191 million, including $25 million variable consideration swap or any other form and based on achievement of revenue and other business synergy details of the same milestones. This total consideration can be paid in one or more tranches over a period of 4 years with cash consideration and/or equity shares at the option of KPIT for an amount not more than $25 million, subject to shareholders' approval. As of August 8, 2025, the parties together renegotiated the consideration amount for Caresoft. Subsequently, the amount for acquisition of Caresoft is finalized at total consideration up to $157 million including $15 million variable pay based on achievement of revenue and other business synergy milestones. This consideration can be paid for in one or more tranches over a period of 4 years. Other terms & conditions of said agreement remain unchanged. KPIT will acquire the carved-out Caresoft Global’s Engineering Solutions business globally. Aligned with the needs of Global OEMs and KPIT’s goals, this partnership will create multi-dimensional synergies. As of August 15, 2025, KPIT Technologies (UK) Limited and KPIT Technologies Inc, USA have paid the Initial Consideration of $51 million. As of October 10, 2025, KPIT Technologies (UK) Limited has paid $6 million for acquiring 100% equity shares of OXI SRL Italy.
For the period ending December 31, 2024, Caresoft Global Inc., CAREG LOTECH de RL de CV, Oxi S.R.L and Caresoft Engineering Business reported total revenue of $51 million.
The transaction is subject to approval of offer by acquirer board and approval of offer by target shareholders. The deal has been approved by the board. On June 23, 2025, it was announced that the transaction is expected to close by the end of the current quarter.
Avendus Capital Private Limited act as financial advisor for KPIT Technologies Limited. Khaitan & Co. acted as a legal advisor to KPIT Technologies.
KPIT Technologies Limited (NSEI:KPITTECH) completed the acquisition of Caresoft Global Inc., CAREG LOTECH de RL de CV and Oxi S.R.L from Caresoft Global Holdings Limited, Sabella Davies and Richard Ambadipudi on October 28, 2025 Upcoming Dividend • Jul 21
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 28 July 2025. Payment date: 11 September 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.6%). Reported Earnings • Jul 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹30.93 (up from ₹21.95 in FY 2024). Revenue: ₹58.4b (up 20% from FY 2024). Net income: ₹8.40b (up 41% from FY 2024). Profit margin: 14% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.1%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 37% per year. Announcement • Jul 09
KPIT Technologies Limited, Annual General Meeting, Aug 12, 2025 KPIT Technologies Limited, Annual General Meeting, Aug 12, 2025, at 10:30 Indian Standard Time. Declared Dividend • Jun 30
Final dividend increased to ₹6.00 Dividend of ₹6.00 is 30% higher than last year. Ex-date: 28th July 2025 Payment date: 1st January 1970 Dividend yield will be 0.7%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 50% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
KPIT Technologies Limited to Report Q1, 2026 Results on Jul 30, 2025 KPIT Technologies Limited announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • Apr 30
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹30.93 (up from ₹21.95 in FY 2024). Revenue: ₹58.4b (up 20% from FY 2024). Net income: ₹8.40b (up 41% from FY 2024). Profit margin: 14% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.1%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 33% per year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹1,071, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 25x in the Software industry in India. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹527 per share. Announcement • Mar 27
KPIT Technologies Limited to Report Q4, 2025 Results on Apr 28, 2025 KPIT Technologies Limited announced that they will report Q4, 2025 results on Apr 28, 2025 Recent Insider Transactions • Mar 07
Insider recently sold ₹18m worth of stock On the 4th of March, Rohan Sohoni sold around 15k shares on-market at roughly ₹1,197 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹77m. Insiders have been net sellers, collectively disposing of ₹129m more than they bought in the last 12 months. Declared Dividend • Jan 31
Dividend increased to ₹2.50 Dividend of ₹2.50 is 19% higher than last year. Ex-date: 4th February 2025 Payment date: 28th February 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 44% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 30
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₹6.89 (up from ₹5.73 in 3Q 2024). Revenue: ₹14.8b (up 18% from 3Q 2024). Net income: ₹1.87b (up 20% from 3Q 2024). Profit margin: 13% (in line with 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
KPIT Technologies Limited Approves an Interim Dividend on Equity for the Financial Year Ending March 31, 2025 KPIT Technologies Limited announced Board of Directors of the Company, at their meeting held on January 29, 2025, through video conferencing, inter alia, has approved the Interim Dividend of INR 2.50/- per equity share (i.e. 25%) of face value of INR 10/each, for the financial year ending March 31, 2025, to be paid to the members of the Company within stipulated time as per the provisions of Companies Act, 2013, and the Rules made thereunder. Record date of February 4, 2025. Recent Insider Transactions • Jan 05
Insider recently sold ₹3.4m worth of stock On the 30th of December, Nishant Tholiya sold around 2k shares on-market at roughly ₹1,472 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹77m. Insiders have been net sellers, collectively disposing of ₹79m more than they bought in the last 12 months. Announcement • Dec 24
KPIT Technologies Limited to Report Q3, 2025 Results on Jan 29, 2025 KPIT Technologies Limited announced that they will report Q3, 2025 results on Jan 29, 2025 Recent Insider Transactions • Dec 12
CTO & Whole-Time Director recently sold ₹77m worth of stock On the 9th of December, Anup Sable sold around 50k shares on-market at roughly ₹1,538 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹72m more than they bought in the last 12 months. Announcement • Nov 05
Kpit Technologies Limited Announces Management Changes KPIT Technologies Limited informed about the changes in the Senior Management Personnel of the Company as approved by Board of Directors on November 5, 2024, as follows: Consequent to resignation by Mr. Shashwat Mitra from his duties and responsibilities as Global HR Head, the Board has appointed Mr. Rajesh Kumar Singh as Global HR Head in the capacity of Sr. Vice President. Mr. Rajesh Kumar Singh joined KPIT in 2017 and served as the Global Head of Human Resources till 2023.Mr. Singh has played a key role in building rigor in talent management in the employee lifecycle with significant outcome on talent engagement, retention and development. His thought leadership in making improvements on processes, systems and business outcomes is highly appreciated as well. Now, Board has appointed Mr. Rajesh Kumar Singh as Global HR Head in the capacity of Sr. Vice President. Mr. Rajesh Kumar Singh started his career as Probationary Officer with SBI and then joined Civil Services in the Ministry of Communication & IT. He then proceeded to do his executive MBA from IIM Calcutta post which he worked in leadership roles in HR in leading companies - Infosys & Novartis. He has also done Post Graduation from National University of Singapore on Lee Kuan Yew Graduate Scholarship. Resignation of Mr. Mitra as Global HR Head due to personal reasons.
Cessation as SMP with effect from November 5, 2024. Mr. Rajesh Kumar Singh is appointed as Senior Management Personnel with effect from November 5, 2024. Term of appointment: Existing Full-Time employment. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹1,386, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 36x in the Software industry in India. Total returns to shareholders of 307% over the past three years. Price Target Changed • Oct 25
Price target decreased by 8.1% to ₹1,802 Down from ₹1,960, the current price target is an average from 18 analysts. New target price is 31% above last closing price of ₹1,372. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₹29.01 for next year compared to ₹21.95 last year. New Risk • Oct 24
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹27m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (₹27m sold). Reported Earnings • Oct 24
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: ₹7.51 (up from ₹5.20 in 2Q 2024). Revenue: ₹14.7b (up 23% from 2Q 2024). Net income: ₹2.04b (up 45% from 2Q 2024). Profit margin: 14% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
KPIT Technologies Limited to Report First Half, 2025 Results on Oct 23, 2024 KPIT Technologies Limited announced that they will report first half, 2025 results on Oct 23, 2024 Announcement • Aug 28
KPIT Technologies Limited Approves Final Cash Dividend for the Financial Year Ended March 31, 2024 KPIT Technologies Limited at its AGM held on August 27, 2024, approved to declare final cash dividend for the financial year ended March 31, 2024 at INR 4.60 per equity share of INR 10 each (at 46%) in addition to interim dividend paid at INR 2.10 per equity share of INR 10 each (at 21%). Price Target Changed • Jul 26
Price target increased by 7.6% to ₹1,869 Up from ₹1,736, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of ₹1,788. Stock is up 67% over the past year. The company is forecast to post earnings per share of ₹28.74 for next year compared to ₹21.95 last year. Declared Dividend • Jul 26
Dividend increased to ₹4.60 Dividend of ₹4.60 is 74% higher than last year. Ex-date: 9th August 2024 Payment date: 26th September 2024 Dividend yield will be 0.4%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 55% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 25
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: ₹7.53 (up from ₹4.95 in 1Q 2024). Revenue: ₹13.6b (up 24% from 1Q 2024). Net income: ₹2.04b (up 52% from 1Q 2024). Profit margin: 15% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 28
KPIT Technologies Limited to Report Q1, 2025 Results on Jul 24, 2024 KPIT Technologies Limited announced that they will report Q1, 2025 results on Jul 24, 2024 Reported Earnings • Apr 30
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: ₹21.95 (up from ₹14.11 in FY 2023). Revenue: ₹49.3b (up 47% from FY 2023). Net income: ₹5.95b (up 56% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 30
KPIT Technologies Limited Recommends Final Dividend for the Financial Year 2023-24 KPIT Technologies Limited at its board of directors meeting held on April 29, 2024, recommended final dividend at INR 4.60 per equity share of INR 10.00 each (46%) for Fiscal Year 2023-24, subject to declaration of the same by members at the upcoming Annual General Meeting of the Company to be held within the stipulated timeline as per the Companies Act, 2013 and the Rules made thereunder. The dividend, if declared by the members at the AGM will be paid within the statutory timeline as per the Companies Act, 2013 & the Rules made thereunder. Announcement • Apr 21
KPIT Technologies Limited (NSEI:KPITTECH) acquired the remaining 40% stake in PathPartner Technology Pvt. Ltd. for INR 1 billion KPIT Technologies Limited (NSEI:KPITTECH) acquired the remaining 40% stake in PathPartner Technology Pvt. Ltd. for INR 1 billion on April 19, 2024.
KPIT Technologies Limited (NSEI:KPITTECH) completed the acquisition of the remaining 40% stake in PathPartner Technology Pvt. Ltd. on April 19, 2024. Announcement • Mar 28
KPIT Technologies Limited to Report Fiscal Year 2024 Results on Apr 29, 2024 KPIT Technologies Limited announced that they will report fiscal year 2024 results on Apr 29, 2024 Recent Insider Transactions • Feb 28
Insider recently bought ₹32m worth of stock On the 23rd of February, Srinath Batni bought around 20k shares on-market at roughly ₹1,587 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹46m more in shares than they bought in the last 12 months. Upcoming Dividend • Feb 02
Upcoming dividend of ₹2.10 per share at 0.3% yield Eligible shareholders must have bought the stock before 09 February 2024. Payment date: 29 February 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (1.2%). Price Target Changed • Feb 01
Price target increased by 8.1% to ₹1,540 Up from ₹1,424, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of ₹1,524. Stock is up 93% over the past year. The company is forecast to post earnings per share of ₹21.74 for next year compared to ₹14.10 last year. Reported Earnings • Jan 31
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹5.73 (up from ₹3.72 in 3Q 2023). Revenue: ₹12.7b (up 39% from 3Q 2023). Net income: ₹1.55b (up 55% from 3Q 2023). Profit margin: 12% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 125% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 30
KPIT Technologies Limited Approves an Interim Dividend for the Financial Year 2023-24 KPIT Technologies Limited informed that the Board of Directors of the Company, at their meeting held on January 30, 2024 through video conferencing, has approved the Interim Dividend of INR 2.10 per equity share (i.e. 21%) of face value of INR 10 each, for the financial year 2023-24, to be paid to the members of the Company within stipulated time as per the provisions of Companies Act, 2013, and the Rules made thereunder. Record date is February 9, 2024. Announcement • Jan 16
Kpit Technologies Limited Announces Resignation of Nickhil Jakatdar as an Independent Director KPIT Technologies Limited informed that Dr. Nickhil Jakatdar (DIN: 05139034) has completed his term as an Independent Director of the Company on January 15, 2024, and consequently has ceased to be a Director of the Company w.e.f. the end of business hours of said date. Announcement • Jan 11
KPIT Technologies Limited Announces Change in Management KPIT Technologies Limited announced the changes in the Senior Management Personnel of the Company as approved by Board of Directors on January 11, 2024, as follows: Mr. Rohan Sohoni is elevated to Member of Executive Council. Mr. Rohan Sohoni, fluent in Japanese, has been in the region for over two decades and he has been instrumental in establishing KPIT's presence in Asia across JKC (Japan, Korea and China) and SEANZ (Southeast Asia, Australia and New Zealand) since 2005. Mr. Rohan Sohoni has been driving the growth for KPIT in Asia and Japan majorly with a trusted partnership with key clients. Managing executive relationships with clients and conceptualizing large, complex global deals has always been one of his strong attributes. Mr. Rohan Sohoni has an engineering degree in Computers. His executive education includes leadership excellence programs such as the GRLP (Global Resilient Leadership Program) conducted by the Nissan Foundation with Waseda & Wharton Business school as well as the KPIT "Elevate" at the Stanford Graduate School of Business, USA. Mr. Rajeeb Nath is moving into a new role of leading special projects. Mr. Rajeeb Nath has been with KPIT since 2015 and since mid of 2022, he assumed part time role and now will have much lesser time spent on active assignments. He has naturally gravitated towards supporting on special projects and moving out of the position of Executive Council Member. Mr. Rajesh Kumar Singh is moving into role of Sr. Vice President at KPIT. Mr. Rajesh Kumar Singh joined KPIT in 2017 and served as the Global Head of Human Resources till 2023. Mr. Singh has played a key role in building rigor in talent management in employee lifecycle with significant outcome on talent engagement, retention and development. He will be moving into his role as the Senior Vice President at KPIT. Mr. Shashwat Mitra is elevated to HR Functional Head. Mr. Shashwat Mitra has significant experience across geography in HR Strategy, Cultural Transformation, Leadership, Talent Management & Development, Compensation & HR Analytics. He joined KPIT in year 2022 & has been heading HR for India, Asia along with key strategic HR initiatives. He has played a key role in building pipeline for managers in Delivery which reinforces mission of being the `Best Place To Grow'. Now, Mr. Mitra has been elevated to HR Functional Head. Mr. Shashwat Mitra holds a degree in Mechanical Engineering (Gold Medalist and Hons) and Human Resources Management from XLRI Jamshedpur. He has 3 international papers published & a patent to his name and has been named 40 under 40 in Human Resources in 2023. Mr. Rohan Sohoni has been appointed as Member of the Executive Council with effect from January 01, 2024. Term of appointment: Existing Full-Time employment. Mr. Rajeeb Nath will be moving to a new role of leading special projects from Member of Executive Council (ceased to be senior management personnel with effect from January 01, 2024). Term of appointment: Existing Full-Time employment. Mr. Rajesh Kumar Singh moving to new role of Sr. Vice President from the role of HR Functional Head. (ceased to be senior management personnel with effect from January 01, 2024). Term of appointment: Existing Full-Time employment. Mr. Shashwat Mitra has been appointed as HR Functional Head with effect from January 01, 2024. Term of appointment: Existing Full-Time employment. Price Target Changed • Jan 09
Price target increased by 10% to ₹1,424 Up from ₹1,291, the current price target is an average from 14 analysts. New target price is 6.1% below last closing price of ₹1,517. Stock is up 111% over the past year. The company is forecast to post earnings per share of ₹21.49 for next year compared to ₹14.10 last year. Announcement • Dec 23
KPIT Technologies Limited to Report Q3, 2024 Results on Jan 30, 2024 KPIT Technologies Limited announced that they will report Q3, 2024 results on Jan 30, 2024 Announcement • Dec 22
Kpit Technologies Limited Announces Change in Role of Senior Management Personnel KPIT Technologies Limited announced that Mr. Pankaj Sathe who is currently designated as Senior Management Personnel will move to a new role to establish and lead the Strategy & Growth Office with effect from December 22, 2023. Mr. Pankaj Sathe will continue to report to Mr. Kishor Patil, CEO & Managing Director of the Company. Term of appointment: Existing Full-Time employment Mr. Pankaj has over 25 years of in-depth experience in establishing sales, marketing and operations in new geographies, integrating acquired companies, partnering with customers and developing value- generating propositions for them. He has participated in the growth of the company globally and been instrumental in KPIT's growth in Europe, where he successfully established local presence and expanded business organically as well as inorganically. In KPIT, the first role that Pankaj focused on was to establish marketing of software services. He initiated the process of marketing planning in the organization, including corporate-level messaging into key customer accounts, branding and industry events. Pankaj led the global sales function of KPIT for several years and also moved onto play other key roles in KPIT over time including leading globally the HR and Operations based out of the India location. Pankaj is an Electronics & Telecommunications engineer from the Delhi College of Engineering, India and holds a master's in business administration from IIM, Lucknow, India. Pankaj began his career in sales and marketing in 1991 with the Godrej Group, India as Product Manager for new business areas and was responsible for their successful diversification into medical diagnostics. He later worked with companies like HCL and Ranbaxy in the areas of electronic CAD design, commercial, sales, marketing, product management and business management. He has been a member of the IEEE and supports the IIM Alumni Association, Europe. Announcement • Nov 03
KPIT Technologies Limited Appoints Gabriel Seiberth as President & Geography Head - Europe and a Member of the Executive Council KPIT Technologies Limited announced that Dr. Gabriel Seiberth has been appointed as President & Geography Head - Europe and a Member of the Executive Council with effect from November 02, 2023. Term of appointment: Full Time Employment. Gabriel has over 25 years of experience in technology, consulting, and engineering within the automotive and discrete manufacturing industries. This will help to further develop business both in terms of industry network and strategy. In the first part of his career, he worked for Siemens in various capacities, including consulting, strategy, and business development. The multinational technology conglomerate had just acquired Nixdorf Computers and was assembling a global information & communications division, of which Gabriel was a part. Upon Atos' acquisition of the Siemens IT division, Gabriel worked for this leading European IT organization for three years. In Germany, he took over engineering services and developed the IOT business at the intersection of Cloud and Edge. In 2014, he joined Accenture's newly formed Digital division. He helped to develop 'Industry X', which provides consulting, cloud, embedded software, engineering, and validation services to manufacturing clients. Gabriel was responsible for the automotive business in the DACH region and for the automotive transformational consulting team. During this time, he focused on digital transformation and software defined vehicles. Gabiel will be based out of Munich. Originally from Berlin, Gabriel has lived in Munich for more than 20 years. During his free time, he enjoys sports in the Alps, preferably running and cycling. He has a keen interest in theoretical computer science especially artificial intelligence, where he actively publishes. Reported Earnings • Nov 02
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: ₹5.20 (up from ₹3.09 in 2Q 2023). Revenue: ₹12.0b (up 61% from 2Q 2023). Net income: ₹1.41b (up 69% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 132% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 01
Price target increased by 8.6% to ₹1,204 Up from ₹1,108, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of ₹1,215. Stock is up 71% over the past year. The company is forecast to post earnings per share of ₹20.65 for next year compared to ₹14.10 last year. Price Target Changed • Oct 05
Price target increased by 8.0% to ₹1,065 Up from ₹986, the current price target is an average from 10 analysts. New target price is 8.0% below last closing price of ₹1,157. Stock is up 74% over the past year. The company is forecast to post earnings per share of ₹19.99 for next year compared to ₹14.10 last year. Announcement • Sep 26
KPIT Technologies Limited to Report Q2, 2024 Results on Oct 30, 2023 KPIT Technologies Limited announced that they will report Q2, 2024 results on Oct 30, 2023 Recent Insider Transactions • Sep 13
Executive Vice President of US recently sold ₹20m worth of stock On the 8th of September, Rajeeb Nath sold around 17k shares on-market at roughly ₹1,173 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹256m more than they bought in the last 12 months. Announcement • Aug 30
KPIT Technologies Limited Approves Final Dividend for the Financial Year Ended March 31, 2023 KPIT Technologies Limited at the Annual General Meeting held on August 29, 2023, approved to declare final dividend for the financial year ended at INR 2.65 per equity share of INR 10 each (at 26.50%) in addition to Interim Dividend paid at INR 1.45 per equity share of INR 10 each (at 14.50%). Upcoming Dividend • Aug 07
Upcoming dividend of ₹2.65 per share at 0.4% yield Eligible shareholders must have bought the stock before 14 August 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.6%). Announcement • Aug 03
KPIT Technologies Limited, Annual General Meeting, Aug 29, 2023 KPIT Technologies Limited, Annual General Meeting, Aug 29, 2023, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2023, together with the reports of the Auditors and the Board of Directors thereon; to receive, consider and adopt the Audited Consolidated Financial Statements for the financial year ended March 31, 2023, together with the report of the Auditors thereon; to declare final dividend for the financial year ended March 31, 2023; to appoint a director in place of Mr. Kishor Patil who retires by rotation and being eligible offers himself for reappointment; to consider and if thought fit, to pass with or without modification(s), the following resolution as an ORDINARY RESOLUTION; and to consider other matters if any. Reported Earnings • Jul 26
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: ₹4.95 (up from ₹3.16 in 1Q 2023). Revenue: ₹11.2b (up 63% from 1Q 2023). Net income: ₹1.34b (up 57% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 153% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
Kpit Technologies Limited Announce Final Dividend for the Financial Year 2022-23 KPIT Technologies Limited announced payment of Final Dividend of INR 2.65/- per Equity Share of INR 10/- each for the Financial Year 2022-23. Announcement • Jul 15
KPIT Technologies Limited to Report Q1, 2024 Results on Jul 25, 2023 KPIT Technologies Limited announced that they will report Q1, 2024 results on Jul 25, 2023 Recent Insider Transactions • Jul 06
Head of Business Unit recently sold ₹2.0m worth of stock On the 28th of June, Pushpahas Joshi sold around 2k shares on-market at roughly ₹1,098 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹9.6m. Insiders have been net sellers, collectively disposing of ₹236m more than they bought in the last 12 months. Recent Insider Transactions • May 31
Insider recently sold ₹9.6m worth of stock On the 24th of May, Abhijeet Tembe sold around 10k shares on-market at roughly ₹962 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹222m more than they bought in the last 12 months. Price Target Changed • May 04
Price target increased by 9.0% to ₹875 Up from ₹803, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹909. Stock is up 65% over the past year. The company is forecast to post earnings per share of ₹19.63 for next year compared to ₹14.10 last year. Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₹14.10 (up from ₹10.17 in FY 2022). Revenue: ₹34.1b (up 40% from FY 2022). Net income: ₹3.81b (up 39% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.8%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 156% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 23
Insider recently sold ₹24m worth of stock On the 17th of March, Akshay Kanetkar sold around 28k shares on-market at roughly ₹870 per share. This transaction amounted to 52% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹150m. Insiders have been net sellers, collectively disposing of ₹212m more than they bought in the last 12 months. Recent Insider Transactions • Mar 15
Co-founder recently sold ₹7.4m worth of stock On the 10th of March, Sashishekhar Pandit sold around 9k shares on-market at roughly ₹821 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹150m. This was Sashishekhar's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 09
Head of Business Unit recently sold ₹1.7m worth of stock On the 2nd of March, Pushpahas Joshi sold around 2k shares on-market at roughly ₹845 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹150m. Insiders have been net sellers, collectively disposing of ₹181m more than they bought in the last 12 months. Recent Insider Transactions • Feb 19
Insider recently sold ₹150m worth of stock On the 15th of February, Ajay Bhagwat sold around 181k shares on-market at roughly ₹829 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹179m more than they bought in the last 12 months. Price Target Changed • Feb 03
Price target increased by 8.4% to ₹753 Up from ₹695, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹776. Stock is up 25% over the past year. The company is forecast to post earnings per share of ₹13.74 for next year compared to ₹10.17 last year. Upcoming Dividend • Feb 03
Upcoming dividend of ₹1.45 per share at 0.5% yield Eligible shareholders must have bought the stock before 10 February 2023. Payment date: 02 March 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (1.8%). Announcement • Feb 01
KPIT Technologies Limited Approves the Interim Dividend for the Financial Year Ended March 31, 2023 KPIT Technologies Limited informed that the Board of Directors at its meeting held on January 31, 2023, has approved the payment of an Interim Dividend of INR 1.45/- (14.5%) per Equity Share of INR 10/- each for the Financial Year ended March 31, 2023. The Interim Dividend approved by the Board of Directors at its Meeting held on Tuesday, January 31, 2023, will be paid to Members of the Company within statutory timelines as per the Companies Act, 2013. Reported Earnings • Feb 01
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ₹3.72 (up from ₹2.60 in 3Q 2022). Revenue: ₹9.38b (up 51% from 3Q 2022). Net income: ₹1.00b (up 44% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.9%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Dec 04
Co-founder recently sold ₹722k worth of stock On the 1st of December, Sashishekhar Pandit sold around 1k shares on-market at roughly ₹722 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹2.2m. This was Sashishekhar's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 25
Co-founder recently sold ₹3.4m worth of stock On the 22nd of November, Sashishekhar Pandit sold around 5k shares on-market at roughly ₹684 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sashishekhar's only on-market trade for the last 12 months. Recent Insider Transactions • Oct 28
Insider recently sold ₹2.2m worth of stock On the 25th of October, Pankaj Sathe sold around 3k shares on-market at roughly ₹728 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹61m more than they bought in the last 12 months. Reported Earnings • Oct 21
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: ₹3.09 (up from ₹2.42 in 2Q 2022). Revenue: ₹7.45b (up 26% from 2Q 2022). Net income: ₹834.8m (up 28% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improved over the past week After last week's 15% share price gain to ₹660, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 20x in the Software industry in India. Total returns to shareholders of 610% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹276 per share. Upcoming Dividend • Aug 05
Upcoming dividend of ₹1.85 per share Eligible shareholders must have bought the stock before 12 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (1.6%).