This mid-cap tech company gives 1,700 per cent in just 3 years!
The company has delivered exceptional returns of 112 per cent over the past year and returns of 1,706 per cent over the past 3 years.
KPIT is a global technology company offering software solutions that propel the mobility industry towards a future characterized by autonomy, cleanliness, intelligence, and connectivity. With a team of over 10,000 Automobelievers spanning the globe, KPIT specializes in embedded software, AI, and digital solutions. They empower customers to expedite the implementation of cutting-edge mobility technologies for the next generation. With development centres strategically located in Europe, USA, Japan, China, Thailand, and India, KPIT is well-positioned to serve its clients worldwide.
KPIT Technologies Ltd recently announced their Q4FY23 results in which sales of the company surged by 56 per cent to Rs 1,017 crore while operating profit grew by 50 per cent to Rs 182 crore. Similarly, net profit of the company grew by 38 per cent to Rs 112 crore compared to Q4FY22. Furthermore, the company has been able to grow its sales by 16 per cent (CAGR) over the past 3 years and net profit by 36 per cent (CAGR) for the same period.
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The company has delivered exceptional returns of 112 per cent over the past year and returns of 1,706 per cent over the past 3 years. Additionally, the company has a ROCE of 30.6 per cent and a ROE of 25.9 per cent. Moreover, the company has been maintaining a healthy dividend payout ratio of 25.6 per cent.
On Wednesday, shares of the company surged by 1.12 per cent to trade at 1094.35.
Investors should keep a close eye on this trending stock.