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    KPITTECH   INE04I401011

KPIT TECHNOLOGIES LIMITED

(KPITTECH)
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KPIT Technologies and ZF Group Form Development Cooperation for Middleware Solution for Mobility Ecosystem

10/21/2021 | 03:20am EST

KPIT Technologies and ZF Group announced that they will cooperate for joint development for a middleware solution for the mobility ecosystem. Built with the software expertise of KPIT paired with ZF's strong understanding of vehicle systems, a mature, modular middleware solution which can be deployed across OEMs represents a transformative opportunity for the mobility ecosystem. This cooperation will also bring onboard solutions from other technology companies, including semiconductor specialists, software companies, cloud services and start-ups. The middleware development will draw upon KPIT's experience in several production programs, expertise in architecture consulting & software integration and its strengths in cloud based connected services. It will use KPIT's existing assets, tools and accelerators and other core infrastructure.


ę S&P Capital IQ 2021
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Financials
Sales 2022 24 327 M 327 M 327 M
Net income 2022 2 670 M 35,8 M 35,8 M
Net cash 2022 9 117 M 122 M 122 M
P/E ratio 2022 71,3x
Yield 2022 0,40%
Capitalization 188 B 2 529 M 2 525 M
EV / Sales 2022 7,36x
EV / Sales 2023 6,13x
Nbr of Employees 6 638
Free-Float 48,3%
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Number of Analysts 4
Last Close Price 699,15 INR
Average target price 498,33 INR
Spread / Average Target -28,7%
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Managers and Directors
Shashishekhar B Pandit Chairman & Group CEO
Kishore Parshuram Patil Co-CEO, Managing Director & Executive Director
Sachin Dattatraya Tikekar President & Executive Director
Priyamvada Hardikar Chief Financial Officer
Anup Sable Chief Technology Officer & Executive Director
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