MarketFriction

Mphasis Ltd

NSE MPHASIS · BSE 526299 · Computers - Software & Consulting
₹2,250.20 +4.45%
NSE close2026-10-01
52 week range2,013.00 - 2,975.00
Market cap₹41,138 Cr.
P/E21.2
Results 05-11 Nifty 200Nifty 500Nifty Midcap 100Midcap 150Nifty IT No price band Delivery 25.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,2763,3383,4123,4223,5363,5613,7103,7323,9024,0034,2434,384
Expenses2,6812,7372,7732,8042,8882,8833,0073,0303,1803,2523,4393,589
Operating Profit596601639619648678703703722750804795
OPM %18%18%19%18%18%19%19%19%18%19%19%18%
Other Income4954647459636081752710883
Interest345350504039364244417749
Depreciation89103131105104132135132128143153147
Profit before tax522499522537563569591610625593681683
Tax %25%25%25%25%25%25%24%28%25%25%25%28%
Net Profit392374393405423428446442469442510490
EPS in Rs20.7819.7920.8121.3922.3722.5623.4923.2224.6523.2126.7125.65
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,0816,0766,5467,7318,8449,72211,96113,79813,27914,23015,88016,531
Expenses5,2185,1085,4836,4077,1937,9199,84411,36510,85711,58312,90113,461
Operating Profit8639691,0621,3241,6501,8032,1182,4342,4222,6472,9783,070
OPM %14%16%16%17%19%19%18%18%18%19%19%19%
Other Income172223149177178133160162218255290293
Interest2414131781637497161166204211
Depreciation121797176232242291325410476555570
Profit before tax8901,0991,1281,4071,5151,6311,9132,1732,0682,2602,5092,582
Tax %29%28%26%24%22%25%25%25%25%25%26%
Net Profit6327928381,0731,1851,2171,4311,6381,5551,7021,8631,910
EPS in Rs30.0537.6243.3457.6463.5265.0676.1986.9482.2789.5597.61100.22
Dividend Payout %67%45%46%47%55%100%60%58%67%64%64%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%10%5%14%
Compounded Profit Growth11%9%5%11%
Stock Price CAGR15%-7%-3%-19%
Return on Equity19%20%18%19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital210210210193186187187188188189190191
Reserves5,2705,6455,9425,2895,0645,6436,3406,7557,7468,6069,43810,553
Borrowings5754612603905435715135271981,5441,8882,620
Other Liabilities1,3121,0928891,1091,5762,3392,3243,2143,3733,6623,2284,246
Total Liabilities7,3677,4087,3016,9807,3688,7409,36510,68411,50614,00014,74417,609
Fixed Assets2,3341,5971,9211,8842,1703,0133,0203,7744,0605,5335,7816,435
CWIP205612317311326100
Investments1,4432,1222,3961,7821,3291,3261,8461,8131,7533,0902,2081,769
Other Assets3,5693,6332,9833,3123,8664,3844,4965,0875,6625,3166,7549,404
Total Assets7,3677,4087,3016,9807,3688,7409,36510,68411,50614,00014,74417,609
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6167316647239501,3211,4551,7161,4622,1801,9051,253
Cash from Investing Activity-380-175267507280142-810-271196-2,49632-173
Cash from Financing Activity-186-568-710-1,380-1,342-825-861-1,389-1,44077-1,756-943
Net Cash Flow50-12221-149-112638-21756217-239181137
Free Cash Flow5596095496928681,1971,3291,5971,3512,0881,845937
CFO/OP103%112%99%94%98%104%100%98%84%114%99%66%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days393938454534356867677396
Inventory Days
Days Payable
Cash Conversion Cycle393938454534356867677396
Working Capital Days-5202921196151319-27-22-19
ROCE %16%15%18%19%24%26%25%27%29%24%22%22%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters55.57%55.52%55.45%40.35%40.32%40.23%40.14%40.10%40.10%30.59%30.55%30.54%
FIIs16.60%15.72%14.84%18.32%18.25%20.78%20.61%18.99%18.52%19.79%19.51%19.50%
DIIs22.55%23.71%24.63%35.84%36.87%34.62%34.91%36.51%37.08%45.26%45.65%45.31%
Public5.27%5.06%5.08%5.49%4.54%4.38%4.34%4.40%4.31%4.36%4.28%4.65%
Others0.00%0.00%0.01%0.00%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders1,53,7921,48,4281,47,3501,67,5931,49,3181,43,7001,39,8131,52,6021,45,6111,40,2631,32,9161,31,941

Fundamentals

Market Cap₹ 41,138 Cr.
Current Price₹ 2,154
Stock P/E21.2
Book Value₹ 563
ROCE22.1 %
ROE18.5 %
Dividend Yield2.88 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)11%
Consolidated figures.
Valuation
Market capRs 42,938 Cr
Enterprise valueRs 43,805 Cr
P/E (TTM)22.48x
Price to book4.00x
Price to sales2.60x
EV / EBITDA13.03x
EV / EBIT15.69x
EV / sales2.65x
Price to cash flow34.26x
Earnings yield4.45%
Dividend yield2.76%
P/E, 3-year average25.99x
P/B, 3-year average4.57x
P/E, 5-year average28.59x
P/B, 5-year average5.42x
Profitability
Operating margin (excl. other income)18.75%
Operating margin (incl. other income)20.58%
EBITDA margin20.34%
Pre-tax margin15.62%
Net profit margin11.56%
Net margin, latest quarter11.17%
ROE18.29%
ROCE21.81%
ROA11.51%
ROE, 3-year average18.45%
ROCE, 3-year average22.72%
ROA, 3-year average11.85%
ROE, 5-year average19.72%
ROCE, 5-year average24.93%
ROA, 5-year average12.92%
ROIC (approx.)17.85%
Tax rate25.77%
Other income / net worth2.70%
Growth
Sales growth (latest year)11.59%
Profit growth (latest year)9.43%
Sales CAGR, 3 years4.79%
Sales CAGR, 5 years10.31%
Profit CAGR, 3 years4.38%
Profit CAGR, 5 years8.89%
Sales growth QoQ3.33%
Profit growth QoQ-3.95%
Sales growth YoY (latest quarter)17.46%
Profit growth YoY (latest quarter)10.82%
Per share
EPS (TTM)Rs 100.12
EPS (latest year)Rs 97.61
EPS (latest quarter)Rs 25.65
EPS, 3-year averageRs 89.81
EPS, 5-year averageRs 86.51
Book value per shareRs 563.03
Sales per shareRs 866.33
Cash flow per shareRs 65.68
Free cash flow per shareRs 49.10
Dividend per share (latest year)Rs 62.00
Dividend per share, 3-year averageRs 58.00
Dividend per share, 5-year averageRs 54.00
Dividends
Dividend payout63.52%
Dividend payout, 3-year average64.68%
Dividend payout, 5-year average62.39%
Efficiency
Asset turnover0.90x
Fixed asset turnover2.47x
Debtor days96 days
Debtors turnover3.79x
Cash conversion cycle96 days
Working capital days-19 days
Leverage
Total debtRs 2,620 Cr
Cash and bankRs 1,753 Cr
Net debtRs 867 Cr
Debt to equity0.24x
Net debt / EBITDA0.26x
Interest coverage13.25x
Current ratio (filing 2026-03-31)1.38x
Quick ratio (filing 2026-03-31)1.38x
Trade payables (filing 2026-03-31)Rs 1,357 Cr
Owners' fund to total sources61.01%
Debt to assets14.88%
Cash flow
Cash from Operating Activity (latest year)Rs 1,253 Cr
Cash from Investing Activity (latest year)Rs -173 Cr
Cash from Financing Activity (latest year)Rs -943 Cr
Net Cash Flow (latest year)Rs 137 Cr
Free cash flow (latest year)Rs 937 Cr
FCFE (approx.: FCF + change in debt)Rs 1,668 Cr
Cash from ops / profit, 5 years1.04x
Sales to cash flow12.67x
Statement figures
Net sales (TTM)Rs 16,531 Cr
Net sales (latest year)Rs 15,880 Cr
Sales (latest quarter)Rs 4,384 Cr
Operating profit excl. other income (latest year)Rs 2,978 Cr
Operating profit (latest quarter)Rs 795 Cr
Other income (TTM)Rs 293 Cr
EBITDA (TTM)Rs 3,363 Cr
PBDT (TTM)Rs 3,152 Cr
Profit before tax (TTM)Rs 2,582 Cr
Tax (latest year)Rs 647 Cr
Net profit (TTM)Rs 1,910 Cr
Net profit (latest year)Rs 1,863 Cr
Net profit (latest quarter)Rs 490 Cr
Depreciation (TTM)Rs 570 Cr
Depreciation (latest quarter)Rs 147 Cr
Interest (TTM)Rs 211 Cr
Cost of goods sold (latest year)Rs 2,948 Cr
Total expenditure (latest year)Rs 12,901 Cr
Total income (latest year)Rs 16,170 Cr
Share capitalRs 191 Cr
ReservesRs 10,553 Cr
Shareholders' fundsRs 10,744 Cr
Total assetsRs 17,609 Cr
Net blockRs 6,435 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 1,769 Cr
ReceivablesRs 4,193 Cr
Other liabilitiesRs 4,246 Cr
Shares outstanding (crore)19.08
Ownership
Promoter holding30.54% (-9.56 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 22.5 is at the 29th percentile of its own 9.4-year range (median 26.3, low 11.8, high 53.3).
P/B 4.00 is at the 34th percentile (median 5.04).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMPHASISNifty 50Difference
1 week+0.1%-2.8% +2.9 pts
1 month-10.2%-6.8% -3.4 pts
3 months-2.0%-7.6% +5.6 pts
6 months+9.6%+0.4% +9.2 pts
1 year-17.2%-9.9% -7.3 pts
2 years-26.0%-13.6% -12.5 pts
3 years-5.3%+14.2% -19.5 pts
5 years-25.6%+27.9% -53.5 pts
241 mutual fund schemes hold about ₹14,307 Cr. Over three months 170 bought more and 39 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Mid Cap Fund2.71%1,927 +9%
HDFC Mid Cap Fund1.61%1,745 +13%
ICICI Pru Focused Fund5.34%958 +31%
ICICI Pru Technology Fund4.53%619 +3%
Kotak Large & Mid Cap Fund1.65%534 +11%
HDFC Large & Mid Cap Fund1.23%373 +11%
ICICI Pru Value Fund0.62%371 +13%
DSP Midcap Fund1.68%352 +28%
HDFC Balanced Advantage Fund0.28%305 +14%
Nippon India Growth Mid Cap Fund0.55%285 +8%
Axis Midcap Fund0.70%242 +9%
DSP Large & Mid Cap Fund1.23%226 +12%
HDFC Multi Cap Fund0.92%190 +24%
Kotak Balanced Advantage Fund1.07%187 +8%
Invesco India Contra Fund0.90%186 +11%
HDFC ELSS-Tax Saver Fund1.06%170 +12%
ICICI Pru Aggressive Hybrid Fund(A0.32%168 -7%
UTI Value Fund1.75%167 +13%
Franklin India Mid Cap Fund1.28%166 -35%
Mirae Asset Large Cap Fund0.39%149 -14%
Kotak Aggressive Hybrid Fund1.62%149 +10%
Axis Large & Mid Cap Fund0.85%148 +62%
UTI Mid Cap Fund1.14%146 +10%
Axis Large & Mid Cap Fund0.85%143 +62%
Tata Digital India Fund1.40%143 +20%

Red flags

F-score 4 of 8
explainReceivables outrunning sales Receivables grew 48% vs sales +12% in 2026
lookRegulator order or action Regulator order or action 2025-12-25: MphasiS Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-11-18BCP TOPCO IX PTE LTDPromoterssell18,000,000Rs 4726.07 CrMarket Sale
2025-09-02Eric WinstonEmployees/Designated Employesell6,000Rs 1.76 CrMarket Sale
2025-09-01GAURAV GUPTAEmployees/Designated Employesell425Rs 0.12 CrMarket Sale
2025-06-10Manikantan TEmployees/Designated Employesell300Rs 0.08 CrMarket Sale
2025-06-09Manikantan TEmployees/Designated Employesell1,500Rs 0.39 CrMarket Sale
2025-06-04ANIL SANANEmployees/Designated Employeother2,288Rs 0.15 CrESOP
2025-05-15Manikantan TEmployees/Designated Employesell2,000Rs 0.52 CrMarket Sale
2025-05-13Nitin sathawaneEmployees/Designated Employeother2,863Rs 0.19 CrESOP
2025-05-13Nitin RakeshDirectorother66,755Rs 3.34 CrESOP
2025-05-12Pavan Kumar GoyalEmployees/Designated Employesell4,680Rs 1.17 CrMarket Sale
2025-03-20UDAYABHANU TANGALAMUDIEmployees/Designated Employeother2,103Rs 0.20 CrESOP
2025-03-17ELANGO REmployees/Designated Employeother17,403Rs 1.17 CrESOP
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹4,384 Cr +17.5% vs Jun 2025. Net profit ₹490 Cr +10.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-08Dividend - Rs 62 Per Share
2025-07-09Dividend - Rs 57 Per Share
2024-07-10Annual General Meeting/Dividend - Rs 55 Per Share
2023-07-05Annual General Meeting/Dividend - Rs 50 Per Share
2022-07-05Annual General Meeting/Dividend - Rs 46 Per Share
2021-09-13 Annual General Meeting/Dividend - Rs 38 Per Share/Special Dividend - Rs 27 Per Share
2020-07-02 Annual General Meeting/Dividend - Rs 35 Per Share
2019-07-11 Annual General Meeting/ Dividend - Rs 27 Per Share
2018-10-24 Buyback
2018-07-26 Annual General Meeting / Dividend- Rs 20 Per Share
2017-07-13 Annual General Meeting/Dividend - Rs 17/- Per Share
2017-03-30 Buyback
2016-10-19 Annual General Meeting/Dividend - Rs 20/- Per Share
2015-08-25 Annual General Meeting/ Dividend - Rs 16/- Per Share
2014-07-16Annual General Meeting / Dividend - Rs 7/- Per Share
2014-01-22Annual General Meeting / Dividend - Rs 17/- Per Share
2013-01-17Annual General Meeting/Dividend Rs.17 Per Share
2012-02-15Dividend-Rs.6.50 Per Share
2011-02-10Final Dividend-Rs.4/- Per Share
2010-02-10Dividend-Rs.3.50 Pr Share
2009-01-22Agm/Div-Rs.2 Per Share
2008-07-16Agm/Div-Rs.3.30 Per Share
2007-09-07Agm/Fin Div-Rs.3/- Per Sh
2006-08-24Agm/Div-Rs.3/- Per Sh
DateTypeWhat it says
2026-09-22Press ReleaseA press release dated September 22, 2026, titled "Mphasis and Copa Airlines Host Global Quantum Computing Challenge toAccelerate Innovation in Airline...
2026-09-16Concall / analyst meetSchedule of meet
2026-09-16ESOPAllotment of 64800 Shares.
2026-09-15Press ReleaseA press release dated September 15, 2026, titled "Mphasis and Plaksha University Build Future-Ready Talent through SecondEdition of TrackShift Innova...
2026-09-11Press ReleaseA press release dated September 11, 2026, titled "SGBS Unnati Foundation and Mphasis join hands for a greener Bengaluru".
2026-09-07ESOPGrant of 123540 Options.
2026-09-07ESOPAllotment of 7800 Shares.
2026-09-03Concall / analyst meetSchedule of meet
2026-09-03General UpdatesIntimation of ESG rating by NSE Sustainability Ratings and Analytics Limited
2026-09-02Press ReleaseA press release dated September 02, 2026, titled "Mphasis and TechnoPro Holdings Sign Strategic agreement to Accelerate AI-led Enterprise Transformati...
2026-08-21ESOPGrant of 507460 Options.
2026-08-21ESOPAllotment of 700 Shares.
2026-08-14General UpdatesIntimation of ESG rating by SES ESG Research Private Limited
2026-08-07Concall / analyst meetSchedule of meet
2026-08-06General UpdatesIntimation of ESG rating by Crisil ESG Ratings & Analytics Limited
2026-07-31UpdatesIntimation of EcoVadis Sustainability Scorecard for FY2026.
2026-07-31ESOPAllotment of 3606 Shares.
2026-07-28Concall / analyst meetTranscript
2026-07-27Disclosure under SEBI TakeovBCP Topco IX Pte. Ltd, BCP Asia (SG) Mirror Holding Pte. Ltd has submitted to  the Exchange a copy of Disclosure under Regulation 31(1) and 31(2) of t...
2026-07-24Concall / analyst meetLink of Recording
2026-07-24UpdatesBoard Comments on Fine Levied by the Exchange.
2026-07-24Investor PresentationInvestor Presentation
2026-07-23Press ReleaseA press release dated July 23, 2026, titled "Mphasis Revenue grew 3.3% QoQ and 17.5% YoY in Q1 FY27".
2026-07-23Board meeting outcomeMphasiS Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23Shareholder meetingVoting results.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.99
Max pain (expiry 2026-10-27)2,250
Largest call open interest at2,300
Largest put open interest at2,100
Implied volatility, at the money35.6%
Underlying at snapshot2,250.20
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-30140
2026-09-293,300
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2018-12-05NCLTM/s Mphasis Ltd Vs M/s Strategic Out sourcing Services Pvt Ltd
2018-12-05NCLTM/s Mphasis Ltd Vs M/s Strategic Out sourcing Services Pvt Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Mphasis Ltd?

Mphasis Ltd (MPHASIS) has a market capitalisation of Rs 41,138 Cr. at the 2026-10-01 close.

What is the P/E ratio of Mphasis Ltd?

Mphasis Ltd trades at a P/E of 21.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Mphasis Ltd's latest quarterly results?

In the Jun 2026 quarter, Mphasis Ltd sales was Rs 4,384 Cr (+17.5% vs Jun 2025) and net profit was Rs 490 Cr.

What is the 52-week high and low of Mphasis Ltd?

The 52-week high is Rs 2,975.00 and the 52-week low is Rs 2,013.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03