KPITTECH

KPIT is well-known. Mutual funds hold 12.09% and FIIs hold 13.2% — this is a well-tracked stock. What you're finding is a quality business that has been beaten down hard. TradingView Why the correction happened: The stock has declined 44.97% over the last year, from a 52-week high of ₹1,434 to around ₹710. The market re-rated the entire automotive software sector as European OEMs started slowing their EV commitments. Fear overcame fundamentals. TradingView Why the fundamentals are still intact: KPIT has just delivered its 23rd consecutive quarter of revenue and EBITDA growth, with Q4 FY26 revenue up 12% YoY and full-year FY26 revenue at ₹6,455 Cr, up 10.5% from ₹5,842 Cr in FY25. The company also closed $349 million in new deal wins in Q4 alone, including two large deals. EquitymasterEquitymaster The new catalysts: KPIT is acquiring Cymotive Technologies, a leader in automotive cybersecurity, in phases — starting with $10 million by mid-June 2026, leading to full ownership by mid-2029. This is a shift from pure services toward recurring licensing revenue — a meaningful business model upgrade. Cymotive brings deep expertise in secure vehicle architecture and intrusion detection, strengthening KPIT's SDV stack for global OEM clients. Alpha SpreadSmart-Investing The valuation math: KPIT's historical median P/E was 59× and peaked at 67.8× in FY24. Today's trailing PE of 36.6× and forward PE of ~28× is the cheapest the stock has been since 2021 — not because the business deteriorated, but because investor sentiment on EV timelines darkened. That's a potential opportunity if you believe automotive software spend is a decade-long secular.