Want to see IN:MPHASIS full AI Analyst Report?
Top Page
Mphasis Limited
(MPHASIS)
Select Model
Select Model
Rating:70Neutral
Price Target:
₹2,573.00
▼(-8.36% Downside)
Action:Reiterated
Date:08/02/26
The score is driven mainly by solid profitability, strong ROE, and a healthy balance sheet, offset by notably weaker recent cash conversion that reduces earnings quality. Technicals are mixed (above shorter-term averages but below the 200DMA), and valuation appears fair-to-somewhat rich with a moderate dividend yield.
Positive Factors
High ROE & consistent profitability
ROE in the high teens and steady net margins indicate durable operating efficiency and effective capital allocation. That level of return supports reinvestment, steady dividends and strategic initiatives, and signals enterprise-grade profitability that can endure cyclical IT spending swings.
Negative Factors
Weak cash conversion
Material deterioration in cash conversion reduces earnings quality and limits internal funding capacity. Low OCF relative to net income suggests working-capital or timing issues, which if persistent can constrain reinvestment, M&A funding or reliable dividend/distribution policies despite reported net profits.
Read all positive and negative factors
Positive Factors
Negative Factors
High ROE & consistent profitability
ROE in the high teens and steady net margins indicate durable operating efficiency and effective capital allocation. That level of return supports reinvestment, steady dividends and strategic initiatives, and signals enterprise-grade profitability that can endure cyclical IT spending swings.
Read all positive factors
Mphasis Limited (MPHASIS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹447.04B
Dividend Yield2.65%
Average Volume (3M)15.07K
Price to Earnings (P/E)23.4
Beta (1Y)1.44
Revenue Growth13.69%
EPS Growth9.34%
CountryIN
Employees24,518
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)100.25
Shares Outstanding190,872,440
10 Day Avg. Volume21,232
30 Day Avg. Volume15,071
Financial Highlights & Ratios
PEG Ratio2.37
Price to Book (P/B)3.64
Price to Sales (P/S)2.46
P/FCF Ratio43.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹2,522.25Price Target Upside-10.17% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)112.78
Revenue Forecast (FY)₹183.05B
Mphasis Limited Business Overview & Revenue Model
Company Description
Mphasis Limited functions as a global provider of information technology solutions, with a strong focus on advanced cloud and cognitive technologies. The company structures its operations across several key divisions, including Banking and Financi...
How the Company Makes Money
Mphasis primarily makes money by delivering contracted IT and business services to enterprise clients. Its core revenue model is fee-for-service, where clients pay for work performed under (a) time-and-materials engagements (billing based on effor...
Mphasis Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 165.31B | 158.80B | 142.30B | 132.79B | 137.98B | 119.61B |
| Gross Profit | 36.75B | 24.28B | 60.73B | 53.38B | 57.09B | 49.13B |
| EBITDA | 32.82B | 32.69B | 24.45B | 20.47B | 22.45B | 19.46B |
| Net Income | 19.10B | 18.63B | 17.02B | 15.55B | 16.38B | 14.31B |
Balance Sheet | ||||||
| Total Assets | 182.68B | 177.82B | 149.07B | 141.30B | 116.09B | 107.56B |
| Cash, Cash Equivalents and Short-Term Investments | 33.59B | 30.74B | 33.97B | 34.10B | 24.22B | 23.89B |
| Total Debt | 27.98B | 26.20B | 18.88B | 23.89B | 10.53B | 12.52B |
| Total Liabilities | 69.29B | 70.38B | 52.78B | 53.36B | 36.75B | 38.13B |
| Stockholders Equity | 113.39B | 107.44B | 96.28B | 87.95B | 79.35B | 69.43B |
Cash Flow | ||||||
| Free Cash Flow | 11.04B | 9.00B | 18.43B | 20.86B | 13.49B | 15.96B |
| Operating Cash Flow | 14.26B | 12.18B | 19.05B | 21.80B | 14.62B | 17.16B |
| Investing Cash Flow | -8.21B | -3.08B | 440.58M | -24.82B | 1.82B | -2.82B |
| Financing Cash Flow | -9.00B | -8.11B | -17.56B | 770.75M | -14.40B | -13.89B |
Mphasis Limited Technical Analysis
Positive
2807.75
Price Trends
2262.45
Positive
2211.35
Positive
2439.47
Negative
Market Momentum
24.88
Positive
50.62
Neutral
16.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MPHASIS, the sentiment is Positive. The current price of 2807.75 is above the 20-day moving average (MA) of 2330.85, above the 50-day MA of 2262.45, and above the 200-day MA of 2439.47, indicating a neutral trend. The MACD of 24.88 indicates Positive momentum. The RSI at 50.62 is Neutral, neither overbought nor oversold. The STOCH value of 16.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MPHASIS.
Mphasis Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹8.56T | 17.19 | ― | 4.92% | 7.70% | 1.07% | |
74 Outperform | ₹4.59T | 14.44 | ― | 4.61% | 5.76% | 12.64% | |
70 Outperform | ₹3.65T | 20.83 | ― | 4.72% | 12.59% | 2.65% | |
70 Neutral | ₹447.04B | 23.36 | ― | 1.94% | 13.69% | 9.34% | |
67 Neutral | ₹1.29T | 26.78 | ― | 2.80% | 13.87% | 10.72% | |
65 Neutral | ₹1.62T | 28.50 | ― | 3.27% | 10.95% | 12.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:MPHASIS
Mphasis Limited
2,342.10
-333.17
-12.45%
IN:HCLTECH
HCL Technologies Limited
1,346.50
-63.93
-4.53%
IN:INFY
Infosys Limited
1,130.00
-297.15
-20.82%
IN:LTIM
LTIMindtree Limited
4,359.20
-642.13
-12.84%
IN:TCS
Tata Consultancy Services Limited
2,365.60
-586.74
-19.87%
IN:TECHM
Tech Mahindra Limited
1,651.60
228.43
16.05%
Mphasis Limited Corporate Events
Mphasis Publishes Q1 FY27 Results Notice in Leading Dailies
Jul 25, 2026
Mphasis Limited has informed the stock exchanges that it has published its financial results for the quarter ended June 30, 2026 in leading newspapers.
The results notice appeared in Business Standard and Samyuktha Karnataka, and the company has a...
Mphasis Shareholders Approve Board Reappointments and ₹62 Dividend at Virtual AGM
Jul 23, 2026
Mphasis Limited has confirmed that its 35th Annual General Meeting was held on July 23, 2026 via video conferencing and other audio-visual means, with all items on the agenda put to shareholders through remote e-voting and electronic voting during...
Mphasis posts higher Q1 FY27 revenue and profit as BFSI-led growth holds firm
Jul 23, 2026
Mphasis Limited, a leading Indian IT services and consulting provider, derives most of its revenue from banking and financial services, complemented by significant exposure to insurance, technology, media and telecom, logistics, and other vertical...
Mphasis Q1 FY27 Profit Climbs on Broad-Based Revenue Growth
Jul 23, 2026
Mphasis reported consolidated revenue from operations of ₹43,840.54 million for the quarter ended June 30, 2026, reflecting sequential and year-on-year growth, with banking and financial services remaining its largest revenue contributor. Pr...
Mphasis readies investor call and AI-focused presentation on Q1 FY27 results
Jul 23, 2026
Mphasis Limited has released an investor presentation ahead of its scheduled investor and analyst call on July 24, 2026, to discuss the company’s financial results for the quarter ended June 30, 2026. The materials, available on the company&...
Mphasis Sets July 23 Virtual AGM, Publishes FY26 Sustainability and Annual Reports
Jul 1, 2026
Mphasis Limited has scheduled its 35th Annual General Meeting for July 23, 2026, to be conducted via video conferencing and other audio-visual means in line with current regulatory guidance. The company has released its Annual Report for the 2025-...
Mphasis Moves 35th AGM Online and Expands Digital Access for Shareholders
Jul 1, 2026
Mphasis Limited has scheduled its 35th Annual General Meeting for July 23, 2026, to be held via video conferencing in line with Indian corporate governance regulations and recent regulatory circulars. The company has dispatched physical letters to...
Mphasis Unveils Tria Platform to Drive Platform-Led AI Enterprise Strategy
May 27, 2026
Mphasis has launched Mphasis Tria, an enterprise agency platform designed to move clients beyond AI experimentation toward coordinated, governed decision-making and measurable business outcomes across the organization. The platform integrates ente...
Mphasis to Host Investor and Analyst Day in Mumbai on May 27, 2026
May 11, 2026
Mphasis Limited has announced that it will host an Investor and Financial Analyst Day on May 27, 2026, in Mumbai, with the session scheduled for 9:00 a.m. IST and held as a physical meeting for institutional investors and financial analysts. The c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.