Mphasis Limited (IN:MPHASIS)
:MPHASIS
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Mphasis Limited
(MPHASIS)
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Rating:73Outperform
Price Target:
₹2,619.00
▼(-6.72% Downside)
Action:UpgradedDate:11/01/25
Mphasis Limited's overall stock score is driven by its strong financial performance, characterized by high profitability and efficient operations. Technical analysis presents mixed signals, with the stock trading slightly below short-term moving averages but showing a positive MACD. Valuation is moderate, with a relatively high P/E ratio balanced by a decent dividend yield. The absence of earnings call data and corporate events means these factors do not influence the score.
Positive Factors
High Profitability & Margins
Sustained high gross and EBIT margins reflect strong pricing, efficient delivery and favorable service mix (managed services, transformation). These margins support durable cash generation, fund reinvestment in capabilities, and provide buffer against cyclic demand shifts over months.
Negative Factors
Moderate Revenue Growth Pace
Mid-single-digit top-line growth, while positive, may limit scale benefits and constrain faster margin expansion relative to higher-growth peers. Without acceleration from new service lines or geographies, revenue momentum could cap medium-term upside.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability & Margins
Sustained high gross and EBIT margins reflect strong pricing, efficient delivery and favorable service mix (managed services, transformation). These margins support durable cash generation, fund reinvestment in capabilities, and provide buffer against cyclic demand shifts over months.
Read all positive factors
Mphasis Limited (MPHASIS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹448.14B
Dividend Yield1.94%
Average Volume (3M)15.07K
Price to Earnings (P/E)30.1
Beta (1Y)1.55
Revenue Growth8.73%
EPS Growth11.33%
CountryIN
Employees24,518
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)23.13
Shares Outstanding190,818,860
10 Day Avg. Volume21,232
30 Day Avg. Volume15,071
Financial Highlights & Ratios
PEG Ratio3.03
Price to Book (P/B)4.84
Price to Sales (P/S)3.28
P/FCF Ratio25.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹2,925.00Price Target Upside4.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)113.84
Revenue Forecast (FY)₹179.04B
Mphasis Limited Business Overview & Revenue Model
Company Description
Mphasis Limited operates as an information technology solutions provider that specializes in cloud and cognitive services worldwide. The company operates through Banking and Financial Service; Logistics and transportation; Technology Media and Tel...
How the Company Makes Money
Mphasis makes money primarily by providing IT services to enterprise customers under a mix of time-and-materials and fixed-price engagements, and through longer-term managed services contracts. Key revenue streams typically include: (1) Applicatio...
Mphasis Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 145.40B | 142.30B | 132.79B | 137.98B | 119.61B | 97.22B |
| Gross Profit | 62.72B | 60.73B | 53.38B | 57.09B | 49.13B | 40.82B |
| EBITDA | 27.31B | 24.45B | 20.47B | 22.45B | 19.46B | 16.35B |
| Net Income | 17.39B | 17.02B | 15.55B | 16.38B | 14.31B | 12.17B |
Balance Sheet | ||||||
| Total Assets | 163.63B | 149.07B | 141.30B | 116.09B | 107.56B | 93.99B |
| Cash, Cash Equivalents and Short-Term Investments | 35.98B | 33.97B | 34.10B | 24.22B | 23.89B | 26.39B |
| Total Debt | 19.83B | 18.88B | 23.89B | 10.53B | 12.52B | 11.81B |
| Total Liabilities | 61.69B | 52.78B | 53.36B | 36.75B | 38.13B | 28.72B |
| Stockholders Equity | 101.94B | 96.28B | 87.95B | 79.35B | 69.43B | 65.27B |
Cash Flow | ||||||
| Free Cash Flow | 15.57B | 18.43B | 20.86B | 13.49B | 15.96B | 13.28B |
| Operating Cash Flow | 15.98B | 19.05B | 21.80B | 14.62B | 17.16B | 14.55B |
| Investing Cash Flow | 2.54B | 440.58M | -24.82B | 1.82B | -2.82B | -8.22B |
| Financing Cash Flow | -16.34B | -17.56B | 770.75M | -14.40B | -13.89B | -8.61B |
Mphasis Limited Technical Analysis
Neutral
2807.75
Price Trends
2369.56
Negative
2600.44
Negative
2694.14
Negative
Market Momentum
-23.03
Negative
60.60
Neutral
91.46
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MPHASIS, the sentiment is Neutral. The current price of 2807.75 is above the 20-day moving average (MA) of 2151.83, above the 50-day MA of 2369.56, and above the 200-day MA of 2694.14, indicating a neutral trend. The MACD of -23.03 indicates Negative momentum. The RSI at 60.60 is Neutral, neither overbought nor oversold. The STOCH value of 91.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MPHASIS.
Mphasis Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹448.14B | 30.05 | ― | 1.94% | 8.73% | 11.33% | |
66 Neutral | ₹197.64B | 59.84 | ― | 0.69% | 13.34% | 5.98% | |
63 Neutral | ₹426.53B | 55.81 | ― | 0.88% | 41.97% | 38.73% | |
62 Neutral | ₹358.27B | 39.06 | ― | 1.19% | 14.88% | -2.60% | |
62 Neutral | ₹78.31B | -10.28 | ― | 0.55% | -17.23% | -185.73% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | ₹275.79B | 74.95 | ― | 1.38% | -1.19% | -17.92% |
* Technology Sector Average
IN:MPHASIS
Mphasis Limited
2,348.50
272.62
13.13%
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Mphasis Limited Corporate Events
Mphasis disputes ₹151.73 crore income tax demand on overseas TDS
Mar 30, 2026
Mphasis Limited has disclosed that it received an income tax order and a demand notice totaling ₹151.73 crore for assessment year 2020-21, arising from alleged short deduction of tax at source on overseas payments to foreign associated enter...
Mphasis Board Defends Governance Compliance After SEBI Non-Compliance Notice
Mar 28, 2026
Mphasis Limited’s board has responded to stock exchange notices alleging non-compliance with Regulation 17(1) of SEBI’s Listing Obligations and Disclosure Requirements for the quarter ended December 31, 2025. The company explained that...
Mphasis faces Rs 2,286.86 crore tax demand, plans legal challenge
Mar 26, 2026
Mphasis Limited has disclosed that it received an income-tax assessment order for Assessment Year 2023-24, along with a demand notice of Rs 2,286.86 crore from the Income Tax Department’s Assessment Unit. The order cites additions to taxable...
Mphasis Announces Resignation of North America Enterprise President
Feb 1, 2026
Mphasis Limited has announced that Mr. Elango R has resigned from his role as President – Enterprise 5, North America, and consequently ceased to be part of the company’s senior management personnel effective 31 January 2026. The compa...
Mphasis Publishes Investor Call Audio on Q3 FY26 Results
Jan 22, 2026
Mphasis Limited has announced that the audio recording of its investor and analyst call discussing the financial results for the quarter ended 31 December 2025 is now available on the company’s website. The disclosure, made under SEBI’...
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.