Mphasis Limited
₹2,521.50-₹21.85 (-0.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹54,771 Cr
- P/E
- 38.1x
- EV / EBITDA
- 23.6x
- Revenue
- ₹9,271 Cr
- Net margin
- 15.9%
- ROCE
- 37.0%
Price chart
Technical chartScreen technicals →-12.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +16.8%
- 3M
- +7.4%
- 6M
- +10.7%
- 1Y
- -12.9%
- 5Y
- -24.0%
52-week range
Day change -₹21.85 (-0.9%) from ₹2,543 to ₹2,522 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in MPHASIS, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 15.9%
Concerns0
Rule-based from financial data. Not advice.
About the company
Mphasis Limited, together with its subsidiaries, operates as an information technology solutions provider that specializes in cloud and cognitive services in the United States, India, Europe, the Middle East, Africa, and internationally. It operates through Banking and Financial Services; Logistics and Transportation; Technology Media and Telecom; Insurance; and Others segments.
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Mphasis Limited, together with its subsidiaries, operates as an information technology solutions provider that specializes in cloud and cognitive services in the United States, India, Europe, the Middle East, Africa, and internationally. It operates through Banking and Financial Services; Logistics and Transportation; Technology Media and Telecom; Insurance; and Others segments. The company offers application, blockchain, business process, cognitive, cyber security, DevOps, AI, digital, enterprise automation, experience design, infrastructure, modernization, data, IT operations, product engineering, salesforce consulting, and cloud; governance, risk, and compliance; and platform and protocols services under the Mphasis XaaP. It serves the banking and capital markets comprising asset management, corporate and investment banking, retail banking, wealth management and brokerage, and mortgage industries; and insurance, payment, financial supply chain, hospitality, travel and transportation, healthcare, life sciences, oil and gas, public, hi-tech, communications, energy and utilities, logistics, and manufacturing sectors. Mphasis Limited was incorporated in 1992 and is based in Bengaluru, India.
- Sector
- Technology
- Shares outstanding
- 19.1 Cr shares
- ISIN
- INE356A01018
- BSE code
- 526299
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹54,771 Cr
- P/E
- 38.1x
- P/B
- 9.4x
- EV / EBITDA
- 23.6x
- EV / Sales
- 6.0x
- P/S
- 6.0x
- Earnings yield
- 2.6%
- 52-week high
- ₹2,951.60
- 52-week low
- ₹2,045.50
Profitability
- Operating margin
- 23.8%
- Net margin
- 15.9%
- EBITDA margin
- 25.3%
- ROE
- 25.3%
- ROCE
- 37.0%
- ROA
- 19.0%
- Dividend payout
- 72.0%
- Tax rate
- 29.0%
- Other income, % of PBT
- 6.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹9,271 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,297 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.8%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.9%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.7%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,932 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 78.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹244 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.4%
Solvency and efficiency
- Current ratio
- 3.88
- Debt / Equity
- 0.02
- Debt / Assets
- 0.02
- Debt / EBITDA
- 0.05
- Interest coverage
- 32.76
- Financial leverage
- 1.33
- CFO / Net profit
- 1.34
- Cash / Market cap
- 6.7%
- Cash per share
- ₹193.05
- Asset turnover
- 1.19
- Fixed asset turnover
- 13.33
- Capital intensity
- 0.08
- Debtor days
- 71 days
- Cash conversion cycle
- 71 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹17 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹7,175 Cr |
| Sales | Operating profit | ₹2,096 Cr |
| Operating profit | Interest | ₹74 Cr |
| Operating profit | Depreciation | ₹189 Cr |
| Operating profit | Profit before tax | ₹1,833 Cr |
| Other income | Profit before tax | ₹178 Cr |
| Profit before tax | Tax and other | ₹478 Cr |
| Profit before tax | Net profit | ₹1,532 Cr |
Revenue and net profit
Revenue grew 2.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹5,561 Cr | ₹1,110 Cr |
| FY2022 | ₹7,390 Cr | ₹1,235 Cr |
| FY2023 | ₹9,425 Cr | ₹1,414 Cr |
| FY2024 | ₹9,093 Cr | ₹1,446 Cr |
| FY2025 | ₹9,271 Cr | ₹1,532 Cr |
Cash flows
FY2025: ₹1,766 Cr from operations, ₹1,421 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1,290 Cr | ₹550 Cr |
| FY2022 | ₹1,163 Cr | ₹1,148 Cr |
| FY2023 | ₹1,082 Cr | ₹1,404 Cr |
| FY2024 | ₹1,932 Cr | ₹958 Cr |
| FY2025 | ₹1,766 Cr | ₹1,421 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹9,271 Cr+2.0%1Y
- Net profit
- ₹1,532 Cr+5.9%1Y
- Cash from operations
- ₹1,766 Cr
- Free cash flow
- ₹1,421 Cr+48.3%1Y
- Revenue CAGR, 5Y
- 15.9%
- EBITDA CAGR, 5Y
- 7.4%
- Net profit CAGR, 5Y
- 3.7%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹9,271 Cr | ₹2,096 Cr | — | ₹1,532 Cr | ₹1,766 Cr | ₹1,421 Cr | 24.3% | +2.0% | +5.9% |
Monthly returns
Month-by-month returns of MPHASIS across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹8,247 Cr |
| Equity capital | ₹190 Cr |
| Reserves | ₹6,109 Cr |
| Borrowings | ₹133 Cr |
| Other liabilities | ₹1,814 Cr |
| Assets | ₹8,247 Cr |
| Fixed assets | ₹619 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹3,647 Cr |
| Other assets | ₹3,981 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
MPHASIS trades at 38.1x earnings against a peer median of 52.1x (a 27% discount).
Not shown (no positive earnings and no EV / Sales): PB Fintech Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Mphasis LimitedMPHASISthis companyP/E ↓ discount | ₹54,771 Cr | 38.1x | 9.4x | 25.3% | 23.6x |
| PB Fintech LimitedPOLICYBZR | ₹75,814 Cr | — | 9.3x | 0.5% | 1567.2x |
| Dixon Technologies (India) LimitedDIXON | ₹68,191 Cr | 121.0x | 23.9x | 13.3% | 191.7x |
| Oracle Financial Services Software LimitedOFSS | ₹66,928 Cr | 19.9x | 10.5x | 32.8% | 24.4x |
| COFORGE LIMITEDCOFORGE | ₹57,232 Cr | 81.8x | 9.5x | 30.0% | 45.1x |
| Tata Communications LimitedTATACOMM | ₹49,590 Cr | 92.7x | 4.9x | 6.5% | 24.2x |
| L&T Technology Services LimitedLTTS | ₹45,766 Cr | 37.2x | 7.9x | 24.9% | 22.3x |
| Hexaware Technologies LimitedHEXT | ₹44,916 Cr | 43.4x | 13.2x | — | — |
| Endurance Technologies LimitedENDURANCE | ₹36,420 Cr | 52.2x | 8.0x | 15.4% | 34.2x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
MPHASIS since 1 January, against earlier years.
Historical volatility
MPHASIS's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 28.0% |
| FY2022 | 23.0% |
| FY2023 | 21.0% |
| FY2024 | 24.0% |
| FY2025 | 23.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹9,271 Cr |
| Costs | |
| Interest | ₹74 Cr |
| Expenses | ₹7,175 Cr |
| Operating profitOperating Profit | ₹2,096 Cr |
| Other income and charges | |
| Profit before tax | ₹2,010 Cr |
| Tax | |
| Net profitNet Profit | ₹1,532 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹8,247 Cr |
| Equity capitalEquity Capital | ₹190 Cr |
| Reserves | ₹6,109 Cr |
| Borrowings | ₹133 Cr |
| Other liabilitiesOther Liabilities | ₹1,814 Cr |
| AssetsTotal Assets | ₹8,247 Cr |
| Fixed assetsFixed Assets | ₹619 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹3,647 Cr |
| Other assetsOther Assets | ₹3,981 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1,766 Cr |
| Investing cash flowCash from Investing Activity | -₹345 Cr |
| Financing cash flowCash from Financing Activity | -₹1,177 Cr |
| Change in cashNet Cash Flow | ₹244 Cr |
Learn while you research
Academy chapters picked for Mphasis Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 38.1, learn when high multiples are justified.6 min read
- 04 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read