News

ICICI Securities research report on KPIT Technologies

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. It expects recently won large deals to ramp up from H2FY26. KPIT is betting big on China (which has disrupted global industry) and believes helping European and US OEMs to catch up with Chinese competition is a new big opportunity. While we believe KPIT may continue to outperform on revenue growth in ER&D pack, there are more downside risks to revenue as global auto industry is challenged due to tariffs, Chinese competition and demand slowdown. We trim revenue growth and margin estimates.

Outlook

We continue to value KPIT at 35x on 1-year forward EPS of INR 37 to arrive at revised TP of INR 1,100. Retain REDUCE.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

KPIT Technologies - 29042025 - icici

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Sensex Today Jammu Kashmir News Live Canada Election Results Q4 Results 2025 Live Ather Energy IPO GMP India at UN Gold Price HDFC Bank Market Cap Paytm First Games IPL Points Table 2025

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market Bonds

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator

Stock Markets

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive Topper Learning

About Us Contact Us Advisory Alert Advertise with Us SupportDisclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors

You are already a Moneycontrol Pro user.