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Mphasis

MPHASIS NSE
₹2,468.40 No trade today
P/E
24.63
View as Markdown
MCP
Close 4 Nov 2026 ₹2,468.40 −305.50 −11.0% 1Y
Start ₹2,773.90

Key Fundamentals

MidcapIT - SoftwareInformation Technology

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
22.10%
Debt to Equity
0.24
EPS (TTM)
₹100.22
Book Value
₹562.65
Market Cap
—
P/E (TTM)
24.63
P/B
4.39
ROE
18.50%
Dividend Yield
2.45%
EBITDA
₹3,309 Cr
52W High
₹2,975.00
52W Low
₹2,013.00
Volume
0

Peer Comparison

Information Technology › Computer Software & Consulting › Computers - Software & Consulting

Mphasis peer comparison
TCS
₹2,436.0017.08₹8,98,480 Cr7.400.96%51.80%63.00%₹2,83,248 Cr₹51,858 Cr
Infosys
₹1,128.2014.88₹4,63,085 Cr4.862.26%31.90%40.00%₹1,89,336 Cr₹30,788 Cr
HCL Tech
₹1,405.0021.88₹3,89,601 Cr5.013.34%23.80%30.40%₹1,34,374 Cr₹17,434 Cr
Wipro
₹194.5515.21₹1,94,390 Cr2.441.01%15.50%17.80%₹94,968 Cr₹13,285 Cr
Tech Mahindra
₹1,783.0034.02₹1,76,066 Cr5.880.84%17.50%23.10%₹59,176 Cr₹5,163 Cr
LTM
₹4,204.9023.84₹1,26,067 Cr4.820.59%23.10%29.60%₹44,075 Cr₹5,197 Cr
Persistent Systems
₹6,065.0049.64₹96,188 Cr7.820.66%27.20%34.40%₹15,718 Cr₹1,922 Cr
Mphasis (this company)
₹2,468.4024.63₹48,553 Cr4.392.45%18.50%22.10%₹16,531 Cr₹1,911 Cr
Median 8 companies₹2,109.5022.86₹1,85,228 Cr4.940.99%23.45%30.00%₹77,072 Cr₹9,241 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

40 Weak

Data confidence 100/100

pledge:100%

Category scores

Quality
56
Good
Returns, margins, earnings quality 22% weight
Valuation
53
Average
Cheap vs sector & own history 24% weight
Growth
50
Average
Sales & profit trajectory 9% weight
Financial Health
45
Average
Solvency, leverage, coverage 9% weight
Momentum
76
Strong
Trend strength, vol-adjusted 12% weight
Ownership
55
Average
FII/DII/promoter flows 24% weight
Capped: a governance trigger overrides the fundamentals here (pledge>75% ≤ 40).

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 64.7%

Weaknesses

4
  • The company has delivered a poor sales growth of 10.3% over past five years.
  • Promoters have pledged 100% of their holding.
  • Debtor days have increased from 78.6 to 96.4 days.
  • Promoter holding has decreased over last 3 years: -25.0%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish658
OscillatorsNeutral252
Moving AveragesStrong Bullish406

Key readings

RSI (14)
50.92
Neutral
MACD (12,26,9)
49.32
Bearish
SMA (50)
2,392.49
Bullish
SMA (200)
2,367.09
Bullish

As of

Analyst Rating

Based on 36 analysts
BUY75%

27 of 36 analysts rate Buy, 6 Hold, 3 Sell.

As of

BUY
27
75%
HOLD
6
17%
SELL
3
8%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+10.07%
5Y+10.31%
3Y+4.80%
1Y+11.60%
TTM+13.71%

Net profit

Net profit growth by window
10Y+11.42%
5Y+8.89%
3Y+4.38%
1Y+9.46%
TTM+9.89%

Operating cash flow

Operating cash flow growth by window
10Y+5.54%
5Y−2.95%
3Y−5.01%
1Y−34.23%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+4.56 pp
5Y+0.20 pp
3Y+1.11 pp
1Y+0.15 pp
TTM−0.21 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹6,076 Cr
Mar 2018₹6,546 Cr
Mar 2019₹7,731 Cr
Mar 2020₹8,844 Cr
Mar 2021₹9,722 Cr
Mar 2022₹11,961 Cr
Mar 2023₹13,798 Cr
Mar 2024₹13,279 Cr
Mar 2025₹14,230 Cr
Mar 2026₹15,880 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹792 Cr
Mar 2018₹838 Cr
Mar 2019₹1,073 Cr
Mar 2020₹1,185 Cr
Mar 2021₹1,217 Cr
Mar 2022₹1,431 Cr
Mar 2023₹1,638 Cr
Mar 2024₹1,555 Cr
Mar 2025₹1,702 Cr
Mar 2026₹1,863 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹842 Cr −4.2% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Mphasis Ltd trades at a price of ₹2,535.3 as of 2026-11-03 with a market cap of ₹49,074 crore and a P/E (TTM) of 25.3x. The company shows TTM revenue growth of 14% and profit growth of 11%, but the stock has underperformed with a 1-year return of -18% and promoters have pledged 100% of their holding.

Bull Case 7
  • TTM revenue growth has accelerated to 14%, well above the 3-year compounded sales growth of 5%, suggesting improving demand momentum
  • ROCE stands at 23.05% as of 2026-11-03, indicating efficient capital deployment relative to the IT services sector
  • The company maintains a healthy dividend payout of 64.7% with a dividend yield of 2.42%, offering meaningful income to shareholders
  • Debt-to-equity ratio is a conservative 0.24, reflecting a clean balance sheet with limited financial risk
  • 10-year compounded profit growth of 11% and sales growth of 10% demonstrate a consistent long-term earnings trajectory
  • ROE has averaged 19-20% over 3, 5 and 10-year periods, with the latest year at 19% and TTM at 17.34%, showing sustained return generation
  • TTM profit growth of 11% is in line with the 10-year compounded profit growth rate, indicating earnings resilience
Bear Case 7
  • Promoters have pledged 100% of their holding, creating significant risk of forced selling or margin calls in adverse market conditions
  • Promoter holding has decreased by 25.0% over the last 3 years, signalling weakening promoter commitment or possible stake monetisation
  • The stock has delivered a 1-year return of -18% and a 5-year CAGR of -6%, significantly lagging broader market returns
  • Debtor days have increased from 78.6 to 96.4 days, indicating deteriorating working capital efficiency and potentially slower client collections
  • 3-year compounded sales growth of only 5% and profit growth of 5% suggest a prolonged mid-cycle slowdown before the recent TTM acceleration
  • P/E (TTM) of 25.3x needs to be weighed against the 3-year profit CAGR of just 5%, implying the valuation assumes sustained re-acceleration in earnings
  • 5-year compounded sales growth of 10% has been characterised as poor, and the 3-year stock CAGR of -3% reflects the market's tepid assessment of growth prospects

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Mphasis is building momentum in public-sector IT services, highlighted by a £35.4M contract extension in Scotland, and the stock has seen a near-term bounce of 6.6% over five sessions. The key risk is a hefty ₹2,417.80 crore revised tax demand for AY 2023-24, though management expects no material impact. Market cap stands at ₹43,880 crore with the stock trading roughly 23% below its 52-week high, suggesting room for recovery if execution stays steady and the tax dispute resolves favourably.

Headwinds 1
  • Massive ₹2,418 Cr tax demand Oct 14

    Mphasis received a revised income tax demand of ₹2,417.80 crore for AY 2023-24, up from the original due to accrued interest. The company plans to pursue legal remedies and expects no material financial impact, but the overhang remains significant.

Positives 2
  • £35.4M Scotland contract extension Oct 07

    Mphasis secured a £35.4 million contract extension with Social Security Scotland to maintain the core benefits management platform serving approximately 2 million citizens. The deal strengthens Mphasis' government technology services presence in Europe.

  • Stock up 6.6% in five sessions Oct 06

    Mphasis shares rose 6.6% over the last five trading sessions as of Oct 6, though the stock at ₹2,284 remains well below its 52-week high of ₹2,975 hit on Feb 3, 2026.

Neutral 1
  • Kotak MF trims Mphasis stake Oct 08

    Kotak Mahindra Mutual Fund sold 123,216 shares of Mphasis on Oct 5, reducing its holding to 7.237%. The disposal was a routine open-market transaction.

Quarterly Results

₹ Cr
MPHASIS quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3,252
3,276
3,338
3,412
3,422
3,536
3,561
3,710
3,732
3,902
4,003
4,243
4,384
Expenses
2,665
2,681
2,737
2,773
2,804
2,888
2,883
3,007
3,030
3,180
3,252
3,439
3,589
Operating Profit
587
596
601
639
619
648
678
703
703
722
750
804
795
OPM %
18%
18%
18%
19%
18%
18%
19%
19%
19%
18%
19%
19%
18%
Other Income
50
49
54
64
74
59
63
60
81
75
27
108
83
Interest
24
34
53
50
50
40
39
36
42
44
41
77
49
Depreciation
87
89
103
131
105
104
132
135
132
128
143
153
147
PBT
526
522
499
522
537
563
569
591
610
625
593
681
683
Tax %
25%
25%
25%
25%
25%
25%
25%
24%
28%
25%
25%
25%
28%
Net Profit
396
392
374
393
405
423
428
446
442
469
442
510
490
EPS (₹)
21.01
20.78
19.79
20.81
21.39
22.37
22.56
23.49
23.22
24.65
23.21
26.71
25.65

Profit & Loss

₹ Cr
MPHASIS profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
5,795
6,081
6,076
6,546
7,731
8,844
9,722
11,961
13,798
13,279
14,230
15,880
16,531
Expenses
4,925
5,218
5,108
5,483
6,407
7,193
7,919
9,844
11,365
10,857
11,583
12,901
13,461
Operating Profit
870
863
969
1,062
1,324
1,650
1,803
2,118
2,434
2,422
2,647
2,978
3,070
OPM %
15%
14%
16%
16%
17%
19%
19%
18%
18%
18%
19%
19%
19%
Other Income
194
172
223
149
177
178
133
160
162
218
255
290
293
Interest
28
24
14
13
17
81
63
74
97
161
166
204
211
Depreciation
98
121
79
71
76
232
242
291
325
410
476
555
570
PBT
938
890
1,099
1,128
1,407
1,515
1,631
1,913
2,173
2,068
2,260
2,509
2,582
Tax %
28%
29%
28%
26%
24%
22%
25%
25%
25%
25%
25%
26%
—
Net Profit
675
632
792
838
1,073
1,185
1,217
1,431
1,638
1,555
1,702
1,863
1,910
EPS (₹)
32.1
30.05
37.62
43.34
57.64
63.52
65.06
76.19
86.94
82.27
89.55
97.61
100
Div. Payout %
50%
67%
45%
46%
47%
55%
100%
60%
58%
67%
64%
64%
—

Balance Sheet

₹ Cr
MPHASIS balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
210
210
210
193
186
187
187
188
188
189
190
191
Reserves
5,270
5,645
5,942
5,289
5,064
5,643
6,340
6,755
7,746
8,606
9,438
10,553
Borrowings
575
461
260
390
543
571
513
527
198
1,544
1,888
2,620
Other Liabilities
1,312
1,092
889
1,109
1,576
2,339
2,324
3,214
3,373
3,662
3,228
4,246
Total Liabilities
7,367
7,408
7,301
6,980
7,368
8,740
9,365
10,684
11,506
14,000
14,744
17,609
Fixed Assets
2,334
1,597
1,921
1,884
2,170
3,013
3,020
3,774
4,060
5,533
5,781
6,435
CWIP
20
56
1
2
3
17
3
11
32
61
0
0
Investments
1,443
2,122
2,396
1,782
1,329
1,326
1,846
1,813
1,753
3,090
2,208
1,769
Other Assets
3,569
3,633
2,983
3,312
3,866
4,384
4,496
5,087
5,662
5,316
6,754
9,404
Total Assets
7,367
7,408
7,301
6,980
7,368
8,740
9,365
10,684
11,506
14,000
14,744
17,609

Cash Flow

₹ Cr
MPHASIS cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
616
731
664
723
950
1,321
1,455
1,716
1,462
2,180
1,905
1,253
Investing
−380
−175
267
507
280
142
−810
−271
196
−2,496
32
−173
Financing
−186
−568
−710
−1,380
−1,342
−825
−861
−1,389
−1,440
77
−1,756
−943
Net Cash Flow
50
−12
221
−149
−112
638
−217
56
217
−239
181
137
Free Cash Flow
559
609
549
692
868
1,197
1,329
1,597
1,351
2,088
1,845
937
CFO/OP
103
112
99
94
98
104
100
98
84
114
99
66

Ratios

MPHASIS financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
39
39
38
45
45
34
35
68
67
67
73
96
Cash Conversion Cycle
39
39
38
45
45
34
35
68
67
67
73
96
Working Capital Days
−5
20
29
21
19
6
15
13
19
−27
−22
−19
ROCE %
16%
15%
18%
19%
24%
26%
25%
27%
29%
24%
22%
22%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Mphasis insights

69 extracted metrics across FY05–FY27.

Shareholding Pattern

As of Sep 2026

  • DIIs 45.85%
  • Promoters 30.53%
  • FIIs 19.39%
  • Public 2.91%
  • Others 1.31%

100.00% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Mphasis

What does Mphasis Ltd do?
Mphasis a global Information Technology (IT) solutions provider specializing in providing cloud and cognitive services, applies next-generation technology to help enterprises transform businesses globally.
Where is Mphasis Ltd (MPHASIS) listed?
Mphasis Ltd trades as MPHASIS on the NSE and under code 526299 on the BSE.
Which sector does Mphasis Ltd belong to?
Mphasis Ltd is classified under the Information Technology sector, in the Computer Software & Consulting industry.
What is the PE ratio of Mphasis Ltd?
Mphasis Ltd trades at a PE ratio of 24.63 as of 4 Nov 2026, on earnings per share of ₹100.22, against a book value of ₹562.65 per share.
What is the 52-week high and low of Mphasis Ltd?
Over the last 52 weeks Mphasis Ltd has traded between ₹2,013 and ₹2,975 as of 4 Nov 2026.
Does Mphasis Ltd pay dividends?
Mphasis Ltd has a dividend yield of 2.45%.
What is the Return on Equity (ROE) of Mphasis Ltd?
Mphasis Ltd reported a return on equity of 18.50%. Its debt-to-equity ratio is 0.24.

Company Information

Mphasis a global Information Technology (IT) solutions provider specializing in providing cloud and cognitive services, applies next-generation technology to help enterprises transform businesses globally.

Website mphasis.com
CEO Mr. Nitin Omprakash Rakesh
Employees 30,157
Listed 4 Jun 2004
Face Value ₹10

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