Global tech company KPIT Technologies Ltd hit its 52-week high figure today at Rs 913.90. Keeping a purview of six months, the stock has been able to deliver decent returns of around 37 percent to its holders. Since the inception of its listing on the exchange, the stock has proven to deliver returns of more than 700 percent.
The company’s stock has provided Multibagger returns of around 400 percent for its stakeholders within a timeframe of two years. This means that if someone would have invested Rs 1,00,000 in the stock then the same would have converted to Rs 5,00,000 within two years.
KPIT Technologies is a global tech company that leads independent software development and integration. The company offers software solutions that can help mobility companies leapfrog toward an autonomous, clean, smart, and connected future. The company has development centers in Europe, the United States, Japan, China, Thailand, and India.
With over 6,000 Automobelievers worldwide and digital solutions, KPIT Technologies enables customers with respect to the acceleration of implementing next-generation mobility technologies.
Having a quick walkthrough of the financials, the company has been able to conduct efficient operations lately which led to the company increasing its revenues and net profit figures. Revenues are on a continuous path of increase in value with the recent movement being an upward shift from Rs 744.83 crores in Q2 to Rs 917.12 crores in Q3.
The net profit figures have also shown a similar kind of movement by increasing from Rs 82.13 crores in Q2 to Rs 103.98 crores in Q3. The net profit margins showed healthy growth from 7.23 percent during FY20-21 to 11.35 percent in FY21-22.
Coming onto the profitability ratios, the company was able to see a decent movement in the ROE and ROCE parameters with ROE shifting from 13.15 percent in FY20-21 to 22.24 percent in FY21-22. The ROCE figures were able to move up from 16.82 percent in FY20-21 to 28.84 percent in FY21-22. The company has proven to be debt-free since the past two financial years.
As per the quarter ending December 2022, promoters hold 40.1 percent in the company. FIIs have shown faith in the company and increased their stakes from 16.88 percent in Q2 to 20.26 percent in Q3.
Written by Amit Madnani
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