KPIT Technologies Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹14,905 Cr
- P/E
- 23.86
- ROE
- 20.93%
- PEG
- 1.14
- Price to sales
- 2.26
- Debt to equity
- 0.24
- 52W high / low
- ₹1,270 / ₹471
- Sales growth (5Y)
- 25.96%
- EBITDA margin
- 17.95%
- Net profit margin
- 10.46%
- Promoter holding
- 38.60%
- Sales (last year)
- ₹6,591 Cr
KPIT is a global technology company with software solutions that will help mobility leapfrog towards autonomous, clean, smart and connected future. With 13000+ Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers accelerate implementation of next generation mobility technologies . With development centers in Europe, USA, Japan, China, Thailand and India [1]
Guidance scorecard · Q2 FY27 call
What KPIT Technologies Ltd's management guided
and where it ranks in IT - Software
IT - Software
RevenueQ1 FY27 call
10–20%- KPIT expects a return to growth in the second half of the year, with meaningful growth anticipated by Q4 FY2026.
- Growth outlook is broad-based across geographies including the U.S. and SIMA, offsetting regional declines in Europe and other areas.
- The European OEM segment faced headwinds, but the company expects stabilization and growth from Q3 onwards.
- New deal wins, strong pipeline, and expanded engagements with both existing and new OEM clients are expected to contribute to growth.
- Growth drivers include increased wallet share in existing accounts, expansion in off-highway and commercial vehicle sectors, and investments in products and solutions like Beacon.
2 more points from KPIT Technologies Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what KPIT Technologies Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- KPIT is exploring new opportunities in data center services for clients like Cummins, aiming to expand offerings in this sector.
- The company is investing in emerging technologies including sodium-ion battery technology and hydrogen fuel tech, though meaningful revenues from these will take time.
- There are ongoing efforts to develop deep tech adjacent to mobility such as drones, humanoids, and production floor automation.
2 more points from KPIT Technologies Ltd's call on capex
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FundraisingQ1 FY27 call
See what KPIT Technologies Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- KPIT has a strong and healthy deal win pipeline, especially in Europe, the U.S., and SIMA regions.
- Despite recent challenges in Europe and Japan, the company maintains reasonable engagement and expects pipeline monetization in upcoming quarters.
- The timing of deal-to-revenue conversion, particularly in Europe, remains uncertain due to industry and geopolitical factors.
- KPIT sees good opportunities to expand business in commercial vehicles, off-highway sectors, and new technology areas like data centers and micro mobility.
- The company is actively working on broadening client relationships and expects growth from multiple accounts rather than a few large clients.
2 more points from KPIT Technologies Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Software
on management's own guidance
- Strong growth2
- Strong growth1
- CapitalNumbersGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Software companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹569 Cr | 34.7 | |
| 2 | 40%+ | Flat | ₹336 Cr | 7.3 | |
| 3 | CapitalNumbers | 20–40% | Up 2%+ | ₹181 Cr | 9.2 |
| 4 | 20–40% | Up 2%+ | ₹159 Cr | 11.5 | |
| 5 | 20–40% | Up 0–2% | ₹1,826 Cr | 28.5 | |
| 6 | 20–40% | Flat | ₹4,341 Cr | 84.7 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Software rankingFinancials of KPIT Technologies Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
KPIT Technologies Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 39.47% | 39.47% | 39.47% | 39.47% | 39.47% | 39.47% | 39.45% | 39.44% | 39.41% | 39.41% | 38.59% | 38.59% |
| FIIs + | 26.48% | 23.98% | 22.23% | 20.95% | 17.35% | 17.17% | 15.49% | 14.31% | 13.57% | 13.25% | 13.22% | 9.09% |
| DIIs + | 11.60% | 14.00% | 16.64% | 17.52% | 20.41% | 21.29% | 22.36% | 23.89% | 25.35% | 24.65% | 23.60% | 23.48% |
| Public + | 21.33% | 21.49% | 20.63% | 21.11% | 21.82% | 21.15% | 21.90% | 21.58% | 20.93% | 21.98% | 23.95% | 28.24% |
| Others + | 1.10% | 1.07% | 1.02% | 0.97% | 0.93% | 0.89% | 0.81% | 0.76% | 0.73% | 0.70% | 0.62% | 0.58% |
| No. of Shareholders | 5,08,158 | 5,32,946 | 5,34,018 | 5,59,643 | 6,18,571 | 6,15,957 | 6,36,445 | 6,23,790 | 5,98,639 | 6,19,026 | 6,24,641 | 6,61,736 |
Financials of KPIT Technologies Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,199 | 1,257 | 1,318 | 1,365 | 1,471 | 1,478 | 1,528 | 1,539 | 1,588 | 1,617 | 1,711 | 1,675 | 1,691 |
| Expenses + | 959 | 998 | 1,045 | 1,077 | 1,174 | 1,172 | 1,205 | 1,244 | 1,290 | 1,306 | 1,394 | 1,418 | 1,424 |
| Operating Profit | 240 | 259 | 272 | 288 | 297 | 306 | 323 | 295 | 298 | 311 | 317 | 257 | 267 |
| OPM % | 20% | 21% | 21% | 21% | 20% | 21% | 21% | 19% | 19% | 19% | 18% | 15% | 16% |
| Other Income + | 9 | 19 | 17 | 54 | 52 | 19 | 60 | 16 | 24 | -26 | 12 | 8 | 8 |
| Interest | 14 | 16 | 12 | 13 | 10 | 10 | 9 | 12 | 16 | 23 | 22 | 23 | 21 |
| Depreciation | 48 | 50 | 53 | 53 | 56 | 58 | 58 | 63 | 75 | 81 | 82 | 83 | 86 |
| Profit before tax | 188 | 212 | 224 | 277 | 283 | 257 | 316 | 236 | 231 | 181 | 225 | 160 | 168 |
| Tax % | 25% | 26% | 26% | 26% | 28% | 27% | 23% | 27% | 27% | 26% | 27% | 27% | 28% |
| Net Profit + | 141 | 157 | 166 | 204 | 204 | 187 | 245 | 172 | 169 | 133 | 163 | 116 | 121 |
| EPS in Rs | 5.14 | 5.67 | 6.00 | 7.45 | 7.43 | 6.82 | 8.93 | 6.27 | 6.17 | 4.86 | 5.95 | 4.27 | 4.40 |
Financials of KPIT Technologies Ltd
Profit & Loss
Annual income statement trend
| Mar 2018 3m | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 0 | 641 | 2,156 | 2,036 | 2,432 | 3,365 | 4,872 | 5,842 | 6,455 | 6,694 |
| Expenses + | 0 | 550 | 1,866 | 1,729 | 1,994 | 2,732 | 3,881 | 4,613 | 5,235 | 5,542 |
| Operating Profit | -0 | 92 | 290 | 307 | 439 | 633 | 991 | 1,230 | 1,220 | 1,152 |
| OPM % | 14% | 13% | 15% | 18% | 19% | 20% | 21% | 19% | 17% | |
| Other Income + | 0 | 1 | 19 | 21 | 45 | 43 | 60 | 170 | 26 | 3 |
| Interest | 0 | 7 | 20 | 17 | 19 | 32 | 55 | 42 | 74 | 90 |
| Depreciation | 0 | 19 | 108 | 133 | 120 | 146 | 196 | 225 | 301 | 331 |
| Profit before tax | -0 | 67 | 181 | 178 | 345 | 497 | 800 | 1,133 | 872 | 734 |
| Tax % | 0% | 18% | 18% | 17% | 20% | 22% | 25% | 26% | 27% | |
| Net Profit + | -0 | 55 | 148 | 147 | 276 | 387 | 599 | 840 | 637 | 533 |
| EPS in Rs | -27.00 | 1.98 | 5.38 | 5.33 | 10.00 | 13.90 | 21.69 | 30.63 | 23.25 | 19.48 |
| Dividend Payout % | 0% | 37% | 18% | 28% | 31% | 29% | 31% | 28% | 32% |
Financials of KPIT Technologies Ltd
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 268 | 269 | 269 | 270 | 270 | 271 | 272 | 272 | 273 |
| Reserves | -0 | 691 | 780 | 938 | 1,040 | 1,381 | 1,875 | 2,640 | 3,269 | 3,414 |
| Borrowings + | 0 | 132 | 204 | 230 | 227 | 287 | 329 | 345 | 838 | 764 |
| Other Liabilities + | 0 | 582 | 384 | 531 | 799 | 1,402 | 1,624 | 1,707 | 2,742 | 2,606 |
| Total Liabilities | 0 | 1,674 | 1,637 | 1,968 | 2,336 | 3,341 | 4,098 | 4,964 | 7,121 | 7,058 |
| Fixed Assets + | 0 | 420 | 526 | 577 | 641 | 1,684 | 1,915 | 1,972 | 3,985 | 3,997 |
| CWIP | 0 | 1 | 5 | 12 | 0 | 33 | 58 | 10 | 6 | 3 |
| Investments | 0 | 50 | 9 | 127 | 129 | 64 | 94 | 432 | 172 | 260 |
| Other Assets + | 0 | 1,204 | 1,096 | 1,251 | 1,566 | 1,559 | 2,030 | 2,551 | 2,958 | 2,797 |
| Total Assets | 0 | 1,674 | 1,637 | 1,968 | 2,336 | 3,341 | 4,098 | 4,964 | 7,121 | 7,058 |
Financials of KPIT Technologies Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -0 | 151 | 389 | 628 | 475 | 462 | 1,002 | 1,390 | 1,195 |
| Cash from Investing Activity + | 0 | 16 | -136 | -503 | -292 | -167 | -561 | -567 | -1,188 |
| Cash from Financing Activity + | 0 | 34 | -177 | -115 | -127 | -183 | -240 | -342 | 89 |
| Net Cash Flow | 0 | 201 | 75 | 10 | 56 | 112 | 201 | 480 | 95 |
| Free Cash Flow | -0 | 125 | 321 | 568 | 406 | 335 | 847 | 1,262 | 1,056 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 4% | 185% | 163% | 215% | 129% | 89% | 115% | 130% | 115% |
Financials of KPIT Technologies Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 337 | 76 | 55 | 56 | 64 | 56 | 56 | 61 | |
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 337 | 76 | 55 | 56 | 64 | 56 | 56 | 61 | |
| Working Capital Days | 182 | 29 | -11 | -29 | -28 | -26 | -32 | -74 | |
| ROCE % | 20% | 18% | 14% | 24% | 30% | 38% | 40% | 26% |
Guidance history
How KPIT Technologies Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 0–2% | Planned | — | — |
| Q4 FY26 call → | 20–40% | Up 2%+ | Planned | — | — |
| Q3 FY26 call → | 0–10% | Up 0–2% | Planned | — | — |
| Q2 FY26 call → | 0–10% | Flat | Planned | — | Flat |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
7 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −54.5% | 3% |
| Last 6 months | −28.4% | 9% |
| Last 3 months | −7.8% | 46% |
The price is 70.9% below its all-time high of ₹1,865.55 (12 Jul 2024). Stocks more than 20% below their peak have their score halved, so 14 became 7.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For KPIT Technologies Ltd: 0.4 × 3 + 0.4 × 9 + 0.2 × 46 = 14, halved to 7 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What KPIT Technologies Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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