My takeaways after reading AR of 19,20
Impact Automotive(2019) : Investment / Created 133 Cr
Loan 11 Cr
Merging Impact back in 2019
Loan to KPIT UK(2020):50Cr
Vayavya acquisition 2019 can be synergized with KSAR
[This could be very big growth driver in Coming years, With this it will be comparable with Electrobit]
All subsidariaes performing well and profit generating barring germany and Brazil.
Though in case of German subsidiary turnover increased by 7 times.
Promoters are increasing stake in the company
Total managerial remuneration is less than 5% of the Profit for the year
Financial liabilities decrease significantly. Lease liabilities to watch out for
Dependency of Foreign currency fluctuation on operating margin decreased from 3.2% to 1%
Attrition rate decreased from 17 to 15%
Disclaimer: I am an Automotive Engineer and know bit of things about KPIT