Choice Equity Broking's report on KPIT Technologies
We believe KPIT’s near-term softness reflects timing and transition effects rather than structural demand weakness. The company’s strategic pivot from services to AI-driven, IP-led solutions and productised offerings enhances scalability, client stickiness and long-term margin potential. Investments in Helm.ai, CareSoft and Qorix are expected to drive medium-term growth and differentiation in the Software-Defined Vehicle (SDV) ecosystem.
Outlook
We revise our rating to BUY with an unchanged TP of INR 1,400, valuing the stock at 35x (unchanged) on average of FY27E–FY28E EPS, in line with its long-term growth trajectory and premium positioning in the SDV ecosystem.
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