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Mphasis Ltd

MPHASIS NSE

Key Fundamentals

MidcapComputer Software & ConsultingInformation Technology
Market Cap
₹47,193 Cr
Volatility
Moderate
P/E Ratio
24.34
EBITDA
₹3,309 Cr
Return on Equity
17.34%
Debt to Equity
0.24
Book Value
₹562.87
EPS
₹82.67
52W High
₹3,037.2
52W Low
₹2,013

Insights

Beta

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

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41 extracted metrics + investor summaries across FY05–FY27.

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Technical Indicators

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%

Growth Rate

Revenue Growth
11.88% ↗
Net Income Growth
9.43% ↗
Cash Flow Change
-34.22% ↘
ROE
-1.92% ↗
ROCE
-0.60% ↗
EBITDA Margin (Avg.)
1.95% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Mphasis Ltd is a mid-cap IT services company with a market cap of Rs 47,756 Cr, trading at a PE of 25x with consistent ROE averaging 18-20% over the past decade. Revenue growth has been modest at 10% CAGR over 5 years, while the stock has delivered negative 2% CAGR over the same period, and significant governance concerns exist around 100% promoter pledge and declining promoter holding.

Bull Case 7
  • Consistent profitability with ROE maintained at 18-20% range over the last 10 years, indicating efficient capital deployment
  • TTM revenue growth of 14% shows acceleration from the 5-year CAGR of 10%, suggesting improving demand momentum
  • TTM profit growth of 11% indicates healthy earnings trajectory above the 3-year CAGR of 5%
  • Healthy dividend payout ratio of 64.7% with a dividend yield of 2.44%, providing income visibility to shareholders
  • 10-year compounded profit growth of 11% demonstrates long-term earnings consistency across business cycles
  • PE of 25x is reasonable relative to the IT sector, with price-to-book of 4.44x supported by sustained high ROE of 19%
  • 10-year stock CAGR of 17% reflects long-term value creation despite recent underperformance
Bear Case 8
  • Promoters have pledged 100% of their holding, creating significant risk of forced selling in a market downturn
  • Promoter holding has decreased by 25% over the last 3 years, signaling potential lack of confidence or financial stress at promoter level
  • Debtor days have increased from 78.6 to 96.4 days, indicating deteriorating working capital efficiency and possible client payment delays
  • 5-year compounded sales growth of only 10% is below IT sector peers, reflecting limited market share gains
  • Stock has delivered negative returns over 1-year (-6%) and 5-year (-2%) CAGR, underperforming broader markets significantly
  • 3-year revenue CAGR of just 5% suggests a period of stagnation in the recent past despite industry tailwinds
  • 3-year profit CAGR of only 5% mirrors the revenue slowdown and indicates limited operating leverage during this period
  • Market cap of Rs 47,756 Cr with muted recent growth metrics suggests the stock may already be pricing in optimistic assumptions at 25x PE

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

AI News Digest

Anthropic anthropic claude-opus-4.6 17h ago
Headwinds 1
  • SEBI fine for board lapse Jul 24

    Mphasis received a ₹35,400 fine from stock exchanges for non-compliance with SEBI LODR Regulation 17(1) on board composition in Q4FY26. The company has filed comments and awaits waiver approval.

Positives 3
  • Q1FY27 revenue up 17.5% YoY Jul 23

    Consolidated revenue reached ₹43,840.54 million for Q1FY27, up 17.5% YoY. Net profit rose 10.8% to ₹4,895.06 million with strong TCV wins of USD 461 million, 63% AI-led.

  • AI-led TCV wins jump 68% Jul 23

    New TCV wins surged 68% to USD 2.1 billion in FY26, with 60% being AI-led. Chairman highlighted strong pipeline growth and confidence in future revenue.

  • EcoVadis Silver Medal earned Aug 1

    Mphasis awarded EcoVadis Silver Medal for FY26 with a sustainability score of 75/100, ranking in the 87th percentile globally with strong Environment and Labor scores.

Neutral 4
  • Promoter pledges 100% stake Jul 27

    BCP Topco IX pledged all Mphasis shares to secure a USD 550 million term loan refinancing, with new lenders including Citibank and Barclays.

  • Investor meets scheduled Aug 2026 Aug 7

    Mphasis will participate in three major investor conferences in Mumbai during August 2026, including Emkay Confluence and Motilal Oswal events.

  • CEO remuneration clarification issued Jul 20

    AGM addendum clarified that CEO Nitin Rakesh's remuneration may reach 7% of net profits if stock options are exercised in a single year.

  • Q1FY27 earnings call available Jul 24

    Audio recording of the Q1FY27 earnings call held on July 24, 2026 discussing results for the quarter ended June 30, 2026 is now available online.

TL;DR: Mphasis delivered a strong Q1FY27 with 17.5% YoY revenue growth and a massive 68% surge in AI-led TCV wins to USD 2.1 billion, signaling robust demand momentum. The SEBI fine is minor at ₹35,400 and the promoter share pledge is a refinancing exercise rather than a distress signal. The company's aggressive AI pivot with 60-63% of wins being AI-led positions it well for sustained growth. The trend is clearly improving with strong pipeline visibility, though regulatory housekeeping needs attention.

Quarterly Results

  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 in Rs
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
Figures in ₹ Crores

Profit & Loss

  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 in Rs
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%
—
Figures in ₹ Crores

Balance Sheet

  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
Figures in ₹ Crores

Cash Flow

  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
Figures in ₹ Crores

Ratios

  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%

Shareholding Pattern

As of Jun 2026
DIIs 45.31%
Promoters 30.54%
FIIs 19.50%
Public 3.08%
Others 1.56%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
56.03%
55.99%
55.95%
55.90%
55.80%
55.72%
55.70%
55.65%
55.63%
55.58%
55.57%
55.52%
55.45%
40.35%
40.32%
40.23%
40.14%
40.10%
40.10%
30.59%
30.55%
30.54%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
15.71%
14.84%
18.32%
18.25%
20.78%
20.61%
19.00%
18.52%
19.79%
19.50%
19.50%
DIIs
16.71%
18.13%
17.49%
17.21%
17.18%
17.46%
16.85%
19.54%
21.00%
20.49%
22.02%
23.80%
24.74%
35.94%
36.97%
34.62%
34.91%
36.50%
37.07%
45.25%
45.65%
45.31%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
3.88%
3.96%
4.26%
4.33%
4.36%
4.82%
4.43%
4.53%
4.07%
4.63%
3.74%
3.65%
3.64%
4.06%
3.46%
3.32%
3.22%
3.23%
3.04%
2.97%
2.92%
3.08%
Others
23.37%
21.92%
22.30%
22.57%
22.67%
21.99%
23.02%
20.28%
19.30%
19.30%
18.67%
1.32%
1.33%
1.32%
1.00%
1.06%
1.12%
1.17%
1.27%
1.40%
1.38%
1.56%
No. of Shareholders
0
65,810
73,634
1,07,259
1,20,785
1,26,895
1,51,470
1,77,533
1,69,215
1,77,013
1,53,792
1,48,428
1,47,350
1,67,593
1,49,318
1,43,700
1,39,813
1,52,602
1,45,611
1,40,263
1,32,916
1,31,941

Documents

1
Concall - Feb 2018 Feb 2018
2
Concall - Jan 2019 Jan 2019
3
Concall - May 2017 May 2017
4
Concall - Aug 2017 Aug 2017
5
Concall - Nov 2017 Nov 2017

Frequently Asked Questions about Mphasis Ltd

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.(Source : 202003 Annual Report Page No:36)
Where is Mphasis Ltd (MPHASIS) listed?
Mphasis Ltd is listed on the Indian stock exchanges. It is listed on NSE: MPHASIS and BSE: 526299. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Mphasis Ltd belong to?
Mphasis Ltd operates in the Information Technology sector within the Computer Software & Consulting industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Mphasis Ltd?
Mphasis Ltd has a market capitalisation of approximately ₹47193.38 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Mphasis Ltd?
The Price-to-Earnings (PE) ratio of Mphasis Ltd is 24.34. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Mphasis Ltd?
Over the past 52 weeks, Mphasis Ltd has traded between a low of ₹2,013 and a high of ₹3,037.2. This range helps investors understand the stock's price volatility and recent trading levels.
Does Mphasis Ltd pay dividends?
Yes, Mphasis Ltd has a dividend yield of 2.47%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Mphasis Ltd?
Mphasis Ltd has a Return on Equity (ROE) of 17.34%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Mphasis Ltd on Tapetide?
On Tapetide, you can view Mphasis Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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.(Source : 202003 Annual Report Page No:36)

Website mphasis.com
CEO Mr. Nitin Omprakash Rakesh
Employees 30,157
Listed 2004-06-04
Face Value ₹ 10
Issued Size 19,05,57,873

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