KPIT Technologies Limited (KPITTECH) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of KPIT Technologies Limited ₹656, price ₹492, upside +33.2%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹230.66 – ₹1,847 · fair‑value band ₹483.96 – ₹983.65 · the ₹492.00 price screens below the ₹655.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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KPIT Technologies Limited provides embedded software, artificial intelligence, and digital solutions for the automobile and mobility sector in the Americas, the United Kingdom, rest of Europe, and internationally.
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KPIT Technologies Limited provides embedded software, artificial intelligence, and digital solutions for the automobile and mobility sector in the Americas, the United Kingdom, rest of Europe, and internationally. The company offers autonomous driving and advanced driver assistance system solutions, including system engineering and functional safety; platform and software integration; integrated domain validation; ADAS features development, AI based perception and planning, and cloud and devOps; body electronics, high performance compute application and zonal ECUs and single function ECU; chassis; edge to cloud integration services, HW-SW disaggregation, and validation services; and charging platform, battery management system platform, AUTOSAR-compliant platform, FCEV solution, and vehicle control unit. It provides vehicle OS comprising E/E architecture, and middle development and integration services; cloud, edge analytics, and data management; and vehicle engineering and design. In addition, the company offers virtual engineering, integrated diagnostic and aftersales transformation, and validation. The company was formerly known as KPIT Engineering Limited and changed its name to KPIT Technologies Limited in March 2019. KPIT Technologies Limited was founded in 1990 and is headquartered in Pune, India.
Stock analysis
KPIT Technologies Limited (KPITTECH) currently trades at ₹492.00, while our model-based Fair Value estimate is ₹655.54, implying the stock looks roughly 24.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹987.16 per share, and 18 of the 26 models we run sit above the ₹492.00 price.
Bear case: the Asset-Based group reads lowest at ₹87.15, and 8 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹483.96 (bear) to ₹983.65 (bull), the price of ₹492.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
KPIT Technologies Limited reported revenue of ₹64.5B in FY2026 versus ₹24.3B in FY2022, a compound +27.6%/yr. Reported net income was ₹6.4B in FY2026, compounding +23.5%/yr from FY2022.
Key figures
Market cap ₹135B (≈ $1.4B) · P/E ratio 23.5 · P/S ratio 2.32 · EPS (TTM) ₹20.96 · Dividend yield 1.7% · Net margin 9.9% · Return on equity 19.7% · Return on assets (EBIT) 34.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 61% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at 33%, KPITTECH screens cheaper than that median.
Fair Value models
Bear ₹483.96Fair Value ₹655.54Bull ₹983.65
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹6.44 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.0%
Start year 2021 (pandemic). Over 10 years: +7.2% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.2%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+35.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.6%
Dividend (yield on the price)1.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.33.6% vs 6.0%, picking up
Start year 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +4.8% a year for the price and +4.8% for the forecasts.
Compare KPIT Technologies Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 649 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+33.2% · Top 25%
Profitability
Return on equity (TTM)19.7% · Top 25%
Return on assets10.6% · Top 25%
Net margin (TTM)8.8% · Above median
Operating margin (TTM)12.3% · Above median
Growth and dividend
Revenue growth8.9% · Above median
Dividend yield (TTM)1.7% · Above median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
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Is KPIT Technologies Limited (KPITTECH) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹655.54 versus a price of ₹492.00, about +33% upside (undervalued).
What is the fair value of KPITTECH?
Our model-based fair value for KPIT Technologies Limited is ₹655.54 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹492.00.
What is the quality score of KPITTECH?
KPIT Technologies Limited has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for KPIT Technologies Limited (KPITTECH)?
Our model-based price target is the fair value of ₹655.54 (as of Oct 2, 2026) from 26 valuation models. Cautious scenario ₹483.96, optimistic scenario ₹983.65. It is a calculation from audited fundamentals, not an analyst target.
What is the KPIT Technologies Limited stock forecast for 2026?
Our models put fair value at ₹655.54, about +33% upside versus a price of ₹492.00 (undervalued). Cautious scenario ₹483.96, optimistic scenario ₹983.65. The calculation is refreshed regularly with new filings.
What is the revenue of KPIT Technologies Limited (KPITTECH)?
KPIT Technologies Limited reported trailing-twelve-month revenue of about ₹65.9B (latest available figure, as of Oct 2, 2026).
Does KPIT Technologies Limited pay a dividend?
KPIT Technologies Limited currently shows a dividend yield of about 1.68% relative to its recent price (as of Oct 2, 2026).
What growth is priced into KPIT Technologies Limited (KPITTECH)?
For today's price to be fair in a discounted-cash-flow model, KPIT Technologies Limited would have to grow free cash flow by +9.1 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +26.0 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of KPITTECH use?
Our models discount KPIT Technologies Limited at 13.9 %: a base by market capitalisation (small), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For KPIT Technologies Limited that is +9.1 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has KPIT Technologies Limited (KPITTECH) delivered so far?
Over the past 5 years revenue at KPIT Technologies Limited grew +26.0 % a year. The price currently implies +9.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of KPIT Technologies Limited (KPITTECH) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into KPIT Technologies Limited (+9.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KPIT Technologies Limited (KPITTECH)?
The free-cash-flow yield on the price is 7.58 %: that much free cash flow KPIT Technologies Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KPIT Technologies Limited (KPITTECH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KPIT Technologies Limited it is ₹655.54 per share (as of Oct 2, 2026), against a price of ₹492.00. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is KPIT Technologies Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, KPITTECH trades below its calculated fair value: price ₹492.00, fair value ₹655.54, a gap of about +33% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KPITTECH?
No. The price is what the market pays today (₹492.00); the fair value is what the company's own numbers justify (₹655.54). For KPIT Technologies Limited the two are ₹163.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is KPIT Technologies Limited worth?
The market values KPIT Technologies Limited at about ₹135B (market capitalisation, as of Oct 2, 2026). Per share that is ₹492.00; our models calculate a fair value of ₹655.54 per share.
What do the bullish and bearish scenarios say about KPITTECH?
Our models span a range for KPIT Technologies Limited: cautious scenario ₹483.96, base ₹655.54, optimistic ₹983.65 per share (as of Oct 2, 2026, price ₹492.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KPITTECH?
KPIT Technologies Limited trades at a price-to-earnings ratio of 23.5 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹655.54 is built from several models across several years. Excluding one-off items of fiscal year 2026 it is 19.8 (reported for FY2026: 21.1). Other multiples: P/B 3.8, P/S 2.0, EV/EBITDA 9.1.
How solid is the balance sheet of KPIT Technologies Limited (KPITTECH)?
Balance-sheet figures for KPIT Technologies Limited (as of Oct 2, 2026): return on equity 19.7%, debt of 0.04 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is KPITTECH from its 52-week high?
KPIT Technologies Limited trades at ₹492.00, about 61% below its 52-week high of ₹1,267 and at the low of ₹492.00 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹655.54 is for.
Which stocks are comparable to KPIT Technologies Limited?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is KPIT Technologies Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹492.00, calculated fair value ₹655.54 (+33%), Quality Score 61/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KPITTECH calculated?
We run KPIT Technologies Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹655.54, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. KPIT Technologies Limited currently trades 25 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of KPIT Technologies Limited (KPITTECH)?
The closing price on Oct 1, 2026 was ₹492.00. Our model-based fair value is ₹655.54, about +33% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KPIT Technologies Limited right now?
Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹483.96 to ₹983.65) leaves room in how you read the outcome.
Where does the earnings growth of KPIT Technologies Limited (KPITTECH) come from?
Earnings per share at KPIT Technologies Limited grew +8.1 % a year from 2016 to 2026. Broken into its drivers: revenue per share +2.9 %, EBIT margin +12.6 %, tax rate −0.6 %, residual (interest, one-offs) −6.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of KPIT Technologies Limited
How large is the market capitalisation of KPIT Technologies Limited (KPITTECH)?
The market capitalisation of KPIT Technologies Limited is ₹135B (≈ $1.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of KPIT Technologies Limited (KPITTECH)?
The price-to-sales ratio of KPIT Technologies Limited is 2.32 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of KPIT Technologies Limited (KPITTECH)?
Earnings per share at KPIT Technologies Limited are ₹20.96 (price ÷ EPS = P/E 23.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of KPIT Technologies Limited (KPITTECH)?
The dividend yield of KPIT Technologies Limited is 1.7% (payout 36.8%, on adjusted earnings, reported 39.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of KPIT Technologies Limited (KPITTECH)?
The net margin of KPIT Technologies Limited is 9.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of KPIT Technologies Limited (KPITTECH)?
The return on equity (ROE) of KPIT Technologies Limited is 19.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of KPIT Technologies Limited (KPITTECH)?
On an EBIT basis the return on assets of KPIT Technologies Limited is 34.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of KPIT Technologies Limited (KPITTECH)?
The operating margin of KPIT Technologies Limited is 12.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KPIT Technologies Limited (KPITTECH)?
Revenue at KPIT Technologies Limited is growing +8.9% versus a year earlier (3y avg +24.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at KPIT Technologies Limited (KPITTECH)?
Earnings per share at KPIT Technologies Limited are growing −31.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does KPIT Technologies Limited (KPITTECH) hold?
KPIT Technologies Limited holds more cash than debt, ₹5.0B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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