{"id":9150,"date":"2016-05-23T10:16:46","date_gmt":"2016-05-23T04:46:46","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=9150"},"modified":"2016-05-23T10:16:46","modified_gmt":"2016-05-23T04:46:46","slug":"kpit-technologies-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/kpit-technologies-ltd\/9150","title":{"rendered":"KPIT Technologies Ltd."},"content":{"rendered":"<p style=\"text-align: justify;\">KPIT Technologies (KPIT) is focused on providing IT consulting and product engineering\u00a0solutions and services to automotive, manufacturing, energy &amp; utilities and life sciences\u00a0companies. Leveraging its technology and domain prowess, KPIT has long standing\u00a0partnerships with 200+ global corporations. The company caters to various industries viz;\u00a0automotive, manufacturing (life science, medical devices, industrial manufacturing), energy &amp;\u00a0utilities, hi-tech, government &amp; defense. With over two decades of experience, the company\u00a0has become a specialized provider of software solutions to automotive &amp; transportation\u00a0companies. Its clear focus on automotive and transportation vertical can be gauged from its\u00a0patents fillings. It has filed 53 patents till date.<\/p>\n<p><strong>Valuation &amp; View:<\/strong><\/p>\n<p style=\"text-align: justify;\">The huge investment towards building technologies and solutions in the\u00a0automotive and manufacturing space, will aid growth and provide scalability to KPIT.\u00a0We expect revenue and Adj. PAT to grow at a CAGR of ~10% and ~12% over FY16-\u00a018E. We initiate coverage on the stock with a BUY rating with a target price of Rs.\u00a0189 (based on FY18E P\/E of ~9.6x), implies a potential upside of ~15% over the next\u00a01 year.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2016\/05\/Research-Report-KPIT-Technologies-Ltd.pdf\">Research Report KPIT Technologies Ltd<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KPIT Technologies (KPIT) is focused on providing IT consulting and product engineering\u00a0solutions and services to automotive, manufacturing, energy &amp; utilities and life sciences\u00a0companies. Leveraging its technology and domain prowess, KPIT has long standing\u00a0partnerships with 200+ global corporations. The company caters to various industries viz;\u00a0automotive, manufacturing (life science, medical devices, industrial manufacturing), energy &amp;\u00a0utilities, hi-tech, government [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KPIT Technologies Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on KPIT Technologies Ltd. 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