KPITTECH

KPIT Technologies share price & financials

Price
₹554.05
Market cap
₹17.1k Cr
Sector
Information Technology
Calls analysed
7
Latest concall · Q1 FY27 · call held 29 Jul 2026

KPIT Technologies Limited Q1 FY27

EBITDA Margin 17.2% PAT 1.17 billion

What went well

  • Deal wins of USD 257 million in Q1 FY27, driven by connected cars, after-sales transformation, and autonomous technologies.
  • Broad-based growth strategy across existing and new OEMs, off-highway, and product/solution offerings.
  • Reaffirmed medium-term aspiration of 22-24% EBITDA margins by FY29, linked to product and solutions growth.

What to watch

  • Q1 FY27 revenue degrowth: 0.1% Constant Currency (CC) YoY growth, 0.6% USD YoY decline, and 3.6% CC QoQ decline.
  • Profitability impacted by forex loss and share of loss from Qorix, with Qorix losses expected to continue for 1-2 more quarters.
Read the full call →

What KPIT Technologies Limited does

KPIT Technologies is a mobility-focused engineering and technology services company that designs embedded software, AI and digital-engineering solutions for passenger-car, commercial-vehicle and off-highway OEMs. It earns by delivering client engagements across electrification, autonomous/ADAS, connected cockpit, middleware/AUTOSAR and diagnostics domains, billed on a mix of time-and-material and fixed-price contracts. Its strategic clients are global car, commercial-vehicle and off-highway manufacturers in the US, Europe and Asia, served from development centres across multiple countries. The company recently expanded its Truck and Off-Highway offering through the Caresoft and N-Dream acquisitions.

Segments

  • Feature Development & Integration
  • Architecture & Middleware Consulting
  • Cloud Based Connected Services
Countries of operation
17
Global delivery locations / Centres of Excellence
25
Employee nationalities represented
30
Development centre presence
Europe, USA, Japan, China, Thailand and India
Strategic partnerships with mobility OEMs & Tier-1 suppliers
25+
Production programs delivered
700+
Headquarters Pune, Maharashtra, IndiaEmployees 12,724 (2025-12-31) Company website

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 3 delivered 4 missed 13 open
  • QORIX Revenue Contribution missed said Q3 FY25 Promised: I'm sure it will be a contributor for the next year [FY26]. Q1 FY27: Qorix continues to report losses, which are expected for another 1-2 quarters. The FY26 target for a positive contribution was definitively not met.
  • FY27 EBITDA Margin at risk said Q4 FY26 Promised: it will drive profitability EBITDA 20.5 to 21.2 post increasing investment in Al solutions and products competency development and new markets. Q1 FY27: Q1 EBITDA margin was 17.2%, significantly below the full-year target range. Management expects recovery in H2, but the target is now at high risk.
  • H2 FY26 vs H1 FY26 Growth delivered said Q4 FY25 Promised: growth momentum to pick up in the second half Q4 FY26: Q4 CC growth was 1.9%, higher than Q3's 1.5%, fulfilling the promise of a second-half pickup.

All 20 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 8.8%, net profit down 32.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,471 1,478 1,528 1,539 1,588 +8%1,617 +9%1,711 +12%1,675 +9%
EBITDA297 306 323 295 298 +0%311 +2%317 −2%257 −13%
Net profit204 187 245 172 169 −17%133 −29%163 −33%116 −33%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −57.0% 1Y

₹0.6k₹0.8k₹1.0k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 10 Nov 2025Q3 FY26 — 30 Jan 2026Q4 FY26 — 13 May 2026Q1 FY27 — 29 Jul 2026

1Y: ₹1,288.5 on 10 Sept 2025 → ₹553.75. High ₹1,301.4 (18 Sept 2025), low ₹548.15 (9 Jul 2026).

How the price took the results

close before → close after

Q1 FY27
+6.0%
29 Jul
Q4 FY26
−0.2%
13 May
Q3 FY26
−0.1%
30 Jan
Q2 FY26
+3.5%
10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 24.3% a year over 3 years, FY23 to FY26. Operating margin held at 18.9%.

Year endingFY23FY24FY25FY26
Revenue₹3.4k Cr₹4.9k Cr₹5.8k Cr₹6.5k Cr
Operating profit₹623 Cr₹985 Cr₹1.2k Cr₹1.2k Cr
Operating margin18.5%20.2%20.8%18.9%
Interest₹32 Cr₹56 Cr₹42 Cr₹73 Cr
Depreciation₹146 Cr₹196 Cr₹225 Cr₹301 Cr
Net profit₹388 Cr₹598 Cr₹840 Cr₹637 Cr
Net margin11.5%12.3%14.4%9.9%
Cash from operations₹462 Cr₹1.0k Cr₹1.4k Cr₹1.2k Cr
Free cash flow₹335 Cr₹847 Cr₹1.3k Cr₹1.1k Cr
ROCE30.0%38.0%40.0%26.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹269 Cr₹270 Cr₹270 Cr₹271 Cr₹272 Cr₹272 Cr
Reserves₹938 Cr₹1.0k Cr₹1.4k Cr₹1.9k Cr₹3.0k Cr₹3.3k Cr
Borrowings₹230 Cr₹227 Cr₹287 Cr₹329 Cr₹529 Cr₹838 Cr
Other liabilities₹531 Cr₹799 Cr₹1.4k Cr₹1.6k Cr₹2.9k Cr₹2.7k Cr
Total liabilities₹2.0k Cr₹2.3k Cr₹3.3k Cr₹4.1k Cr₹6.7k Cr₹7.1k Cr
Fixed assets₹577 Cr₹641 Cr₹1.7k Cr₹1.9k Cr₹3.6k Cr₹4.0k Cr
Capital work in progress₹12 Cr₹0 Cr₹33 Cr₹58 Cr₹0 Cr₹6 Cr
Investments₹127 Cr₹129 Cr₹64 Cr₹94 Cr₹451 Cr₹172 Cr
Other assets₹1.3k Cr₹1.6k Cr₹1.6k Cr₹2.0k Cr₹2.7k Cr₹3.0k Cr
Total assets₹2.0k Cr₹2.3k Cr₹3.3k Cr₹4.1k Cr₹6.7k Cr₹7.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −2.27 pp while the public added +2.05 pp. The shareholder count shrank 2% to 6,24,641.

Promoters
38.6%
FIIs
13.2%
DIIs
23.6%
Public
23.9%
Others
0.6%

Since Jun 2025

  • FIIs −2.27 pp
  • Public +2.05 pp
  • DIIs +1.24 pp

How it drifted, 12 quarters

Over this window FIIs fell from 25.7% to 13.2% — −12.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 39.5%, FIIs 25.7%, DIIs 12.3%, Public 21.5%, Others 1.1%.Dec '23: Promoters 39.5%, FIIs 26.5%, DIIs 11.6%, Public 21.3%, Others 1.1%.Mar '24: Promoters 39.5%, FIIs 24.0%, DIIs 14.0%, Public 21.5%, Others 1.1%.Jun '24: Promoters 39.5%, FIIs 22.2%, DIIs 16.6%, Public 20.6%, Others 1.0%.Sep '24: Promoters 39.5%, FIIs 20.9%, DIIs 17.5%, Public 21.1%, Others 1.0%.Dec '24: Promoters 39.5%, FIIs 17.4%, DIIs 20.4%, Public 21.8%, Others 0.9%.Mar '25: Promoters 39.5%, FIIs 17.2%, DIIs 21.3%, Public 21.1%, Others 0.9%.Jun '25: Promoters 39.5%, FIIs 15.5%, DIIs 22.4%, Public 21.9%, Others 0.8%.Sep '25: Promoters 39.4%, FIIs 14.3%, DIIs 23.9%, Public 21.6%, Others 0.8%.Dec '25: Promoters 39.4%, FIIs 13.6%, DIIs 25.4%, Public 20.9%, Others 0.7%.Mar '26: Promoters 39.4%, FIIs 13.3%, DIIs 24.6%, Public 22.0%, Others 0.7%.Jun '26: Promoters 38.6%, FIIs 13.2%, DIIs 23.6%, Public 23.9%, Others 0.6%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 5 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of KPIT Technologies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Proficient Finstock Llp 32.41%unchanged
Kishor Parshuram Patil 4.88%unchanged
Life Insurance Corporation Of India Insurer4.39%unchanged
Massachusetts Institute Of Technology Endowment3.11%unchanged
ICICI Prudential Mutual Fund - ICICI Prudential Ni - 2 Mutual fund2.76%newly disclosed
Canara Robeco Mutual Fund A/C Canara Robeco Conser Mutual fund2.72%−0.34 pp
Marathon Edge India Fund I VC / PE1.48%unchanged
Mirae Asset Focused Fund Mutual fund1.38%newly disclosed
ICICI Prudential Life Insurance Company Limited Insurer1.33%−0.52 pp
HDFC Life Insurance Company Limited Insurer1.22%unchanged
DSP Nifty Midcap 150 ETF Mutual fund1.17%newly disclosed
Shrikrishna Manohar Patwardhan 0.40%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in KPITTECH

Filings to Aug 2026

0 new, 7 added, 4 trimmed, 0 sold out — net +1.80 L shares (+3.7%).

Held by funds
₹297 Cr
14 schemes
Biggest holder
Nippon India Small Cap Fund
₹140 Cr · 0.2% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹140 Crheld
Nippon India Value Fund Nippon India Mutual Fund₹88 Crheld
SBI Arbitrage Fund SBI Mutual Fund₹21 Cr+0.57 L
Nippon India Retirement Fund - Wealth Creation Scheme Nippon India Mutual Fund₹12 Crheld
Nippon India Arbitrage Fund Nippon India Mutual Fund₹11 Cr+1.12 L
Nippon India ETF Nifty Midcap 150 Nippon India Mutual Fund₹9 Cr+0.09 L
Nippon India Nifty Midcap 150 Index Fund Nippon India Mutual Fund₹6 Cr+0.02 L
SBI Nifty200 Quality 30 Index Fund SBI Mutual Fund₹3 Cr−0.01 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

7 added, 4 trimmed — net +1.80 L shares (+3.7%)

Funds are sitting on
-9%
vs est. average cost
Held by funds
₹297 Cr
14 schemes · ≈ 1.6% of the company
Biggest holder
Nippon India Small Cap Fund
₹140 Cr · 0.2% of that fund

Shares held by these funds −1%

Aug '23 48.94 L shares Jul '26

What the price assumes

Fair

To justify its price of ₹554, this stock must grow earnings at 17% every year for 7 years. Our analysis caps realistic growth at ~19%. At that growth it is worth ₹597 — upside of 8%.

Growth the price implies
17.2% a year
for 7 years, fading to 4%
It has actually compounded at
18.0% a year
net profit, FY23–FY26 · EPS 18.7%
The gap
-0.0 pp
8% downside if it only repeats history
Price today ₹553.75 Value at the reference growth ₹596.84

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse KPIT Technologies Limited

Guides on how to read this kind of business and the numbers that matter.