KPIT Technologies Ltd. share price target

With a deal pipeline across business verticals, new partnerships, and higher adoption of new-age technologies, the company is expected to show better recovery. Hence, we resume our coverage with a BUY rating on the stock.

The operating performance was fairly in line with our estimates of sequential revenue decline of 3.2% CC QoQ and flat QoQ margins. The revenue growth was primarily driven by PV (+3.3% QoQ), while the CV segment (down 2.8% QoQ) saw a ramp down in one of the key accounts. The other element to the slowdown is the re-prioritization or cannibalization of revenues from futuristic...

KPIT Tech did not provide revenue guidance for FY26, acknowledging uncertain demand environment and soft H1. Though it had strong deal TCV of USD 925mn (+16% YoY) in FY25, it is seeing slow deal ramp-up.

We remain structurally positive on KPIT. While most auto ER&D players reported weak results, the company delivered an in-line performance amid challenging macro; however, no guidance for FY26 was given.

Given the company's strong growth potential backed by robust deal wins and superior execution capabilities, we recommend a BUY rating on the stock.

KPIT Technologies maintainedits growth trajectory in Q2, with 4.7% q/q CC revenue growth. New TCV signed at $207m,up33% y/y, taking LTM to$859m, down 17.5% y/y,
incl. mega deals in FY23.

Given the company's strong growth potential backed by robust deal wins and superior execution capabilities, we recommend a BUY rating on the stock.

Given the company's strong growth potential backed by robust deal wins and superior execution capabilities, we recommend a BUY rating on the stock.

We upgrade our recommendation and assign a 57x P/E multiple to its FY26E earnings of Rs 37.1/share to arrive at a TP of Rs 2,100/share, implying an upside of 13% from the CMP. Hence, we recommend a BUY rating on the stock.

We assign a 47x P/E multiple to its FY26E earnings of Rs 37.1/share to arrive at a TP of Rs 1,750/share, implying an upside of 16% from the CMP. Hence, we recommend a BUY rating on the stock.

Given the company's strong growth potential backed by robust deal wins and superior execution capabilities, we recommend a BUY rating on the stock.

Given the company's strong growth potential backed by robust deal wins and superior execution capabilities, we recommend a BUY rating on the stock.

We initiate coverage on KPIT Technologies Ltd (KPIT) with a BUY rating and Target Price of Rs 1500/share, implying an upside of 28% from the CMP.