KPIT TECH - On the verge of a Breakout
Updated
KPIT is a global technology company with software solutions that will help mobility leapfrog towards autonomous, clean, smart and connected future. With 6000+ Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers accelerate implementation of next generation mobility technologies.
In FY22, more than 80% of the revenues were derived from T-25 clients. The top-21 clients contributed ~82-85% of the company’s revenues, (83.8% in 9M FY2022) exposing it to concentration risks. However, the risk is mitigated to an extent with KPIT’s established relationships with its top global auto OEM clients and its niche offerings/technological capabilities in mobility solutions.
KPIT won a multi-million-dollar strategic engagement from a leading European Car Manufacturer in the Electric Powertrain domain. The total deal value is more than $ 50 million. Additionally, a leading European OEM selected KPIT as its key partner for next generation ECU. Renault Group selected KPIT as a strategic technology partner
Market Cap 19,740 Cr.
Stock P/E 62.2
Industry P/E 34.5
Dividend Yield 0.43 %
ROCE 24.1 %
ROE 21.5 %
Debt to equity 0.13
Free Cash Flow 406 Cr.
EPS 11.6
Classic Cup and Handle Formation. Breakout will take it higher in a short span of time.
RSI Breakout will happen soon.
In FY22, more than 80% of the revenues were derived from T-25 clients. The top-21 clients contributed ~82-85% of the company’s revenues, (83.8% in 9M FY2022) exposing it to concentration risks. However, the risk is mitigated to an extent with KPIT’s established relationships with its top global auto OEM clients and its niche offerings/technological capabilities in mobility solutions.
KPIT won a multi-million-dollar strategic engagement from a leading European Car Manufacturer in the Electric Powertrain domain. The total deal value is more than $ 50 million. Additionally, a leading European OEM selected KPIT as its key partner for next generation ECU. Renault Group selected KPIT as a strategic technology partner
Market Cap 19,740 Cr.
Stock P/E 62.2
Industry P/E 34.5
Dividend Yield 0.43 %
ROCE 24.1 %
ROE 21.5 %
Debt to equity 0.13
Free Cash Flow 406 Cr.
EPS 11.6
Classic Cup and Handle Formation. Breakout will take it higher in a short span of time.
RSI Breakout will happen soon.
Trade active
Note
Target 2Note
Target 3 achieved. Trail your Stoploss as per risk appetite.
Trade closed: target reached
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Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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