Mphasis Ltd.

•

mphasis.comBSE: 526299NSE: MPHASIS

Market Cap₹ 43,791 Cr.

Current Price

High / Low₹ 3,037 / 2,013

Stock P/E28.0

Book Value₹ 353

Price to Book6.24

Dividend Yield2.70 %

ROCE30.3 %

ROE22.7 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Banking And Capital Market: 54.9% • Insurance: 17.2% • Information Technology, Communication and Entertainment: 14.1%

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 34.6%
Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%
Latest quarter profit grew 54.0% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.04x)

CONS

Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -9.8pp
Contingent liabilities are large at 77.9% of net worth
Company has delivered a poor profit growth of 4.8% over past five years
Stock is trading at 6.2x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTY IT NIFTY DIV OPPS 50 NIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100

S.No.	Name
1.	TCS	2202.00	16.00	796702.87	5.00	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1038.20	13.91	421325.69	4.62	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1207.00	18.80	327539.38	4.47	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	167.50	12.55	165902.38	6.57	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1539.50	29.38	150891.59	3.31	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4301.15	24.39	127581.28	1.74	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11760.00	30.01	102409.76	3.40	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5537.45	45.42	87353.27	0.72	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1847.40	46.58	81835.77	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2294.10	22.92	43790.98	2.70	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3334.95	26.80	35379.24	1.74	357.10	12.97	2940.10	11.47	27.70	18.65
12.	TATATECH	761.75	55.53	30931.00	1.54	180.75	6.15	1664.63	33.78	19.56	16.64

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,330	2,285	2,223	2,255	2,318	2,355	2,350	2,248	2,237	2,367	2,409	2,454	2,701
	1,781	1,718	1,648	1,784	1,756	1,828	1,812	1,779	1,834	1,836	1,898	1,932	2,140
Operating Profit	549	567	575	471	562	527	538	469	403	531	511	522	561
OPM %	23.57%	24.81%	25.85%	20.89%	24.25%	22.37%	22.89%	20.86%	18.01%	22.42%	21.21%	21.28%	20.77%
	32	29	33	42	49	40	45	44	56	53	3	40	60
Interest	17	17	17	16	16	23	20	15	14	18	14	14	16
Depreciation	47	47	50	48	48	49	48	44	43	44	46	49	51
Profit before Tax	517	531	541	449	548	496	514	453	402	522	454	499	621
Tax %	27.68%	29.92%	25.79%	33.52%	24.28%	24.91%	26.77%	18.52%	25.79%	24.66%	25.29%	25.44%	26.06%
Net Profit	374	372	402	298	415	372	376	369	298	393	339	372	459
	19.84	19.74	21.29	15.79	21.94	19.67	19.87	19.44	15.68	20.66	17.81	19.51	24.06

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,019	3,275	3,434	4,347	5,561	7,390	9,425	9,093	9,271	9,467	9,931
	2,350	2,418	2,535	3,067	4,002	5,684	7,412	6,953	7,175	7,500	7,806
Operating Profit	669	857	899	1,281	1,559	1,705	2,013	2,140	2,096	1,967	2,125
OPM %	22.15%	26.17%	26.18%	29.46%	28.03%	23.07%	21.36%	23.54%	22.61%	20.77%	21.40%
	187	111	119	323	89	123	118	157	178	151	155
Interest	2	5	7	63	52	59	74	66	74	60	62
Depreciation	26	32	38	153	151	149	176	193	189	182	189
Profit before Tax	826	930	973	1,388	1,446	1,620	1,882	2,038	2,010	1,876	2,096
Tax %	24.37%	20.48%	20.90%	13.16%	23.20%	23.76%	24.87%	29.05%	23.77%	25.26%	25.40%
Net Profit	625	740	769	1,205	1,110	1,235	1,414	1,446	1,532	1,402	1,563
EPS	29.71	37.63	39.78	64.17	58.79	65.27	74.56	76.52	80.62	73.49	—
Dividend Payout %	57.23%	52.24%	65.35%	54.18%	109.49%	69.94%	66.63%	71.88%	70.70%	84.36%	—

COMPOUNDED SALES GROWTH

10 Years:: 12%
5 Years:: 11%
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: 12%
5 Years:: 5%
3 Years:: 0%

STOCK PRICE CAGR

10 Years:: 16%
5 Years:: -5%
3 Years:: -2%
1 Year:: -22%

RETURN ON EQUITY

10 Years:: 25%
5 Years:: 27%
3 Years:: 26%
Last Year:: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	210	193	186	187	187	188	188	189	190	191
	4,466	3,682	3,028	3,433	4,064	4,148	4,617	5,279	5,874	6,088
	1	134	251	783	628	761	633	543	473	526
Trade Payables	430	311	333	503	504	839	668	492	530	681
	239	262	408	415	467	889	968	1,038	1,090	1,278
Total Liabilities	5,346	4,583	4,207	5,320	5,851	6,825	7,074	7,541	8,158	8,764
	78	64	98	634	596	583	675	682	619	617
Capital Work in Progress	0	2	2	7	1	0	4	14	0	0
	3,013	2,525	2,085	1,816	2,380	2,295	2,094	3,249	3,647	3,150
	0	0	0	0	0	0	0	1,775	1,803	2,679
Cash & Bank	252	211	147	749	654	533	645	419	690	778
	2,003	1,780	1,876	2,113	2,221	3,415	3,656	1,402	1,399	1,540
Total Assets	5,346	4,583	4,207	5,320	5,851	6,825	7,074	7,541	8,158	8,764

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	599	991	1,053	1,203	1,555	1,456	1,562	1,932	1,766	839
Cash from Investing	360	552	454	432	-740	-15	322	-973	-345	478
Cash from Financing	-640	-1,372	-1,354	-770	-807	-1,152	-1,254	-1,185	-1,177	-1,243
	120	-54	-54	605	-257	-3	150	-226	244	75

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	40.35	40.32	40.23	40.14	40.10	40.10	30.59	30.55	30.54
	18.32	18.25	20.78	20.61	18.99	18.52	19.79	19.51	19.50
	35.58	36.64	34.21	34.67	36.27	37.07	45.01	45.41	45.13
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	5.50	4.57	4.55	4.35	4.40	4.32	4.37	4.29	4.65

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Press Release

2026-09-11 - MphasiS Limited has informed the Exchange regarding a press release dated September 11, 2026, titled "SGBS Unnati Foundation and Mphasis join hands for a greener Bengaluru".

2026-09-07

ESOP/ESOS/ESPS

2026-09-07 - MphasiS Limited has informed the Exchange regarding Grant of 123540 Options.

2026-09-07

ESOP/ESOS/ESPS

2026-09-07 - MphasiS Limited has informed the Exchange regarding Allotment of 7800 Shares.

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - MphasiS Limited has informed the Exchange about Schedule of meet

2026-09-03

General Updates

2026-09-03 - MphasiS Limited has informed the Exchange about Intimation of ESG rating by NSE Sustainability Ratings and Analytics Limited

2026-09-02

Press Release

2026-09-02 - MphasiS Limited has informed the Exchange regarding a press release dated September 02, 2026, titled "Mphasis and TechnoPro Holdings Sign Strategic agreement to Accelerate AI-led Enterprise Transformation in Japan

2026-08-21

ESOP/ESOS/ESPS

2026-08-21 - MphasiS Limited has informed the Exchange regarding Grant of 507460 Options.

2026-08-21

ESOP/ESOS/ESPS

2026-08-21 - MphasiS Limited has informed the Exchange regarding Allotment of 700 Shares.

2026-08-19

Copy of Newspaper Publication

2026-08-19 - MphasiS Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for MPHASIS

Loading news…

🤖

AI Stock Analyst

Mphasis Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

TCS

2202.00

16.00

796702.87

5.00

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1038.20

13.91

421325.69

4.62

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1207.00

18.80

327539.38

4.47

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

167.50

12.55

165902.38

6.57

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1539.50

29.38

150891.59

3.31

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4301.15

24.39

127581.28

1.74

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

11760.00

30.01

102409.76

3.40

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5537.45

45.42

87353.27

0.72

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1847.40

46.58

81835.77

0.86

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2294.10

22.92

43790.98

2.70

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3334.95

26.80

35379.24

1.74

357.10

12.97

2940.10

11.47

27.70

18.65

TATATECH

761.75

55.53

30931.00

1.54

180.75

6.15

1664.63

33.78

19.56

16.64

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

2,330

2,285

2,223

2,255

2,318

2,355

2,350

2,248

2,237

2,367

2,409

2,454

2,701

1,781

1,718

1,648

1,784

1,756

1,828

1,812

1,779

1,834

1,836

1,898

1,932

2,140

Operating Profit

549

567

575

471

562

527

538

469

403

531

511

522

561

OPM %

23.57%

24.81%

25.85%

20.89%

24.25%

22.37%

22.89%

20.86%

18.01%

22.42%

21.21%

21.28%

20.77%

Interest

Depreciation

Profit before Tax

517

531

541

449

548

496

514

453

402

522

454

499

621

Tax %

27.68%

29.92%

25.79%

33.52%

24.28%

24.91%

26.77%

18.52%

25.79%

24.66%

25.29%

25.44%

26.06%

Net Profit

374

372

402

298

415

372

376

369

298

393

339

372

459

19.84

19.74

21.29

15.79

21.94

19.67

19.87

19.44

15.68

20.66

17.81

19.51

24.06

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,019

3,275

3,434

4,347

5,561

7,390

9,425

9,093

9,271

9,467

9,931

2,350

2,418

2,535

3,067

4,002

5,684

7,412

6,953

7,175

7,500

7,806

Operating Profit

669

857

899

1,281

1,559

1,705

2,013

2,140

2,096

1,967

2,125

OPM %

22.15%

26.17%

26.18%

29.46%

28.03%

23.07%

21.36%

23.54%

22.61%

20.77%

21.40%

187

111

119

323

123

118

157

178

151

155

Interest

Depreciation

153

151

149

176

193

189

182

189

Profit before Tax

826

930

973

1,388

1,446

1,620

1,882

2,038

2,010

1,876

2,096

Tax %

24.37%

20.48%

20.90%

13.16%

23.20%

23.76%

24.87%

29.05%

23.77%

25.26%

25.40%

Net Profit

625

740

769

1,205

1,110

1,235

1,414

1,446

1,532

1,402

1,563

EPS

29.71

37.63

39.78

64.17

58.79

65.27

74.56

76.52

80.62

73.49

—

Dividend Payout %

57.23%

52.24%

65.35%

54.18%

109.49%

69.94%

66.63%

71.88%

70.70%

84.36%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

210

193

186

187

188

189

190

191

4,466

3,682

3,028

3,433

4,064

4,148

4,617

5,279

5,874

6,088

134

251

783

628

761

633

543

473

526

Trade Payables

430

311

333

503

504

839

668

492

530

681

239

262

408

415

467

889

968

1,038

1,090

1,278

Total Liabilities

5,346

4,583

4,207

5,320

5,851

6,825

7,074

7,541

8,158

8,764

634

596

583

675

682

619

617

Capital Work in Progress

3,013

2,525

2,085

1,816

2,380

2,295

2,094

3,249

3,647

3,150

1,775

1,803

2,679

Cash & Bank

252

211

147

749

654

533

645

419

690

778

2,003

1,780

1,876

2,113

2,221

3,415

3,656

1,402

1,399

1,540

Total Assets

5,346

4,583

4,207

5,320

5,851

6,825

7,074

7,541

8,158

8,764

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

599

991

1,053

1,203

1,555

1,456

1,562

1,932

1,766

839

Cash from Investing

360

552

454

432

-740

-15

322

-973

-345

478

Cash from Financing

-640

-1,372

-1,354

-770

-807

-1,152

-1,254

-1,185

-1,177

-1,243

120

-54

605

-257

-3

150

-226

244

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

40.35

40.32

40.23

40.14

40.10

30.59

30.55

30.54

18.32

18.25

20.78

20.61

18.99

18.52

19.79

19.51

19.50

35.58

36.64

34.21

34.67

36.27

37.07

45.01

45.41

45.13

Government

0.00

5.50

4.57

4.55

4.35

4.40

4.32

4.37

4.29

4.65

Mphasis Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Mphasis Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI