KPIT Tech started back in 2019 after demerged from birlasoft which is in IT business. KPIT Tech key business areas are product engineer and embeded Softwares for the automobile companies. KPIT Tech started by Kishor Patil and Ravi Pandit in 2019.
Two years ago everythings closes due to corona virus. Businesses slow down, economy gave negative impact. KPIT Tech headquarted in pune. KPIT Tech is Birlasoft before they demerger both companies.
KPIT Tech software automobile business and Birlasoft take IT business. Due to pandemic KPIT Tech business drop and everything fire.
KPIT primarily focuses on two main areas: automotive engineering and mobility solutions. They work with automotive companies to develop and integrate various technologies, such as autonomous driving, connected vehicles, electric vehicles, and more.
They offer services like software development, testing, validation, and system integration for automotive electronics and embedded systems.
How Much Returns KPIT Tech Gave to Investors ?
KPIT Tech share was trading at 29 rupees at 2020 due to pandemic everywhere. It fall from 110 levels to 29 rupees. Sharp fall of more than 73 percent. Stock traded at 29 to 40 level for three months in june 2020 suddenly stock shoot up to 60 rupees from this point of time stock skyrocket in investors.
From 29 to 1160 currently stock gave 40X returns to its shareholders. Your one lakh investment in 2020 will become today 39 lakhs. Stock gave 4000 % returns that is huge returns.
Currently stock trading at high PE ratio 80 and having market cap of more than 30,000 thousand crores in june 2023.
In 2019 company’s net revenue is 652 that grow to 3,365 crores today and net profit in 2019 was at 54 crores today it was 381 crores more than 6x growth. Those company are in growth phase market give more PE ratio to that companies.