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Last Updated: April 2, 2026, 3:21 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 526299 | NSE: MPHASIS

Mphasis Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,683.45Overvalued by 21.22%vs CMP ₹2,137.00

P/E (22.3) × ROE (18.2%) × BV (₹505.00) × DY (2.67%)

₹1,168.57Overvalued by 45.32%vs CMP ₹2,137.00
MoS: -82.9% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,757.8122%Over (-17.7%)
Graham NumberEarnings₹1,036.6116%Over (-51.5%)
Earnings PowerEarnings₹610.3613%Over (-71.4%)
DCFCash Flow₹1,143.5913%Over (-46.5%)
Net Asset ValueAssets₹504.357%Over (-76.4%)
EV/EBITDAEnterprise₹1,533.229%Over (-28.3%)
Earnings YieldEarnings₹945.707%Over (-55.7%)
ROCE CapitalReturns₹1,182.719%Over (-44.7%)
Revenue MultipleRevenue₹1,118.825%Over (-47.6%)
Consensus (9 models)₹1,168.57100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 4.4%

*Investments are subject to market risks

Investment Snapshot

68
Mphasis Ltd scores 68/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 22.7% ExcellentROE 18.2% ExcellentD/E 0.07 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changeDII holding up 10.35% MF buyingPromoter decreased by 9.51% Caution
Earnings Quality50/100 · Moderate
OPM stable around 19% Steady
Quarterly Momentum68/100 · Strong
Revenue (4Q): +10% YoY GrowingProfit (4Q): +9% YoY Positive
Industry Rank60/100 · Moderate
P/E 22.3 vs industry 44.0 Cheaper than peersROCE 22.7% vs industry 20.6% Average3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:21 am

Market Cap 40,770 Cr.
Current Price 2,137
Intrinsic Value₹1,168.57
High / Low 3,037/2,013
Stock P/E22.3
Book Value 505
Dividend Yield2.67 %
ROCE22.7 %
ROE18.2 %
Face Value 10.0
PEG Ratio5.05

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Mphasis Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Mphasis Ltd 40,770 Cr. 2,137 3,037/2,01322.3 5052.67 %22.7 %18.2 % 10.0
Tata Elxsi Ltd 25,710 Cr. 4,127 6,735/3,96640.8 4341.82 %36.3 %29.3 % 10.0
Zensar Technologies Ltd 12,240 Cr. 538 895/51116.1 1882.42 %21.3 %16.4 % 2.00
Sonata Software Ltd 6,190 Cr. 221 464/20713.4 63.21.99 %29.1 %27.3 % 1.00
Newgen Software Technologies Ltd 6,145 Cr. 432 1,379/40120.0 1031.16 %27.8 %22.4 % 10.0
Industry Average93,414.06 Cr648.3343.95156.220.97%20.61%18.63%7.00

All Competitor Stocks of Mphasis Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3,5063,3613,2523,2763,3383,4123,4223,5363,5613,7103,7323,9024,003
Expenses 2,8892,7632,6652,6812,7372,7732,8042,8882,8833,0073,0303,1803,252
Operating Profit 618599587596601639619648678703703722750
OPM % 18%18%18%18%18%19%18%18%19%19%19%18%19%
Other Income 40435049546474596360817527
Interest 24242434535050403936424441
Depreciation 82838789103131105104132135132128143
Profit before tax 551534526522499522537563569591610625593
Tax % 25%24%25%25%25%25%25%25%25%24%28%25%25%
Net Profit 412405396392374393405423428446442469442
EPS in Rs 21.8921.5121.0120.7819.7920.8121.3922.3722.5623.4923.2224.6523.21

Last Updated: February 4, 2026, 11:03 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 2:46 am

MetricMar 2014n n 5mMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,5945,7956,0816,0766,5467,7318,8449,72211,96113,79813,27914,23015,347
Expenses 2,1544,9255,2185,1085,4836,4077,1937,9199,84411,36510,85711,58312,470
Operating Profit 4408708639691,0621,3241,6501,8032,1182,4342,4222,6472,877
OPM % 17%15%14%16%16%17%19%19%18%18%18%19%19%
Other Income 44194172223149177178133160162218255242
Interest 11282414131781637497161166163
Depreciation 5098121797176232242291325410476538
Profit before tax 4229388901,0991,1281,4071,5151,6311,9132,1732,0682,2602,419
Tax % 28%28%29%28%26%24%22%25%25%25%25%25%
Net Profit 3036756327928381,0731,1851,2171,4311,6381,5551,7021,799
EPS in Rs 14.4032.1030.0537.6243.3457.6463.5265.0676.1986.9482.2789.5594.57
Dividend Payout % 49%50%67%45%46%47%55%100%60%58%67%64%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-6.37%25.32%5.81%28.04%10.44%2.70%17.58%14.47%-5.07%9.45%
Change in YoY Net Profit Growth (%)0.00%31.69%-19.51%22.23%-17.60%-7.74%14.88%-3.12%-19.53%14.52%

Mphasis Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:10%
3 Years:6%
TTM:8%
Compounded Profit Growth
10 Years:10%
5 Years:7%
3 Years:6%
TTM:11%
Stock Price CAGR
10 Years:22%
5 Years:20%
3 Years:12%
1 Year:-7%
Return on Equity
10 Years:18%
5 Years:20%
3 Years:19%
Last Year:18%

Last Updated: September 5, 2025, 11:20 am

Balance Sheet

Last Updated: December 4, 2025, 1:40 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 210210210210193186187187188188189190190
Reserves 4,9055,2705,6455,9425,2895,0645,6436,3406,7557,7468,6069,4389,432
Borrowings 5405754612603905435715135271981,5441,1161,979
Other Liabilities 1,3201,3121,0928891,1091,5762,3392,3243,2143,3733,6624,0004,672
Total Liabilities 6,9747,3677,4087,3016,9807,3688,7409,36510,68411,50614,00014,74416,273
Fixed Assets 2,4042,3341,5971,9211,8842,1703,0133,0203,7744,0605,5335,7816,091
CWIP 6205612317311326101
Investments 1,8151,4432,1222,3961,7821,3291,3261,8461,8131,7533,0902,2081,464
Other Assets 2,7483,5693,6332,9833,3123,8664,3844,4965,0875,6625,3166,7548,718
Total Assets 6,9747,3677,4087,3016,9807,3688,7409,36510,68411,50614,00014,74416,273

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1986167316647239501,3211,4551,7161,4622,1801,905
Cash from Investing Activity + 225-380-175267507280142-810-271196-2,49632
Cash from Financing Activity + -429-186-568-710-1,380-1,342-825-861-1,389-1,44077-1,756
Net Cash Flow -750-12221-149-112638-21756217-239181
Free Cash Flow 1645596095496928681,1971,3291,5971,3512,0881,845
CFO/OP 74%103%112%99%94%98%104%100%98%84%114%99%

Free Cash Flow

MonthMar 2014n n 5mMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow440.00295.00402.00709.00-389.00-542.00-570.00-512.00-525.00-196.001.001.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1093939384545343568676773
Inventory Days
Days Payable
Cash Conversion Cycle 1093939384545343568676773
Working Capital Days 22-5202921196151319-27-22
ROCE %16%15%18%19%24%26%25%27%29%24%23%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 55.63%55.58%55.57%55.52%55.45%40.35%40.32%40.23%40.14%40.10%40.10%30.59%
FIIs 17.72%17.19%16.60%15.72%14.84%18.32%18.25%20.78%20.61%18.99%18.52%19.79%
DIIs 21.00%21.05%22.55%23.71%24.63%35.84%36.87%34.62%34.91%36.51%37.08%45.26%
Public 5.65%6.19%5.27%5.06%5.08%5.49%4.54%4.38%4.34%4.40%4.31%4.36%
Others 0.00%0.00%0.00%0.00%0.01%0.00%0.03%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders 1,69,2151,77,0131,53,7921,48,4281,47,3501,67,5931,49,3181,43,7001,39,8131,52,6021,45,6111,40,263

Shareholding Pattern Chart

No. of Shareholders

Mphasis Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Midcap Fund 7,771,095 3.63 2144.056,593,8802025-12-15 04:18:4017.85%
HDFC Mid Cap Fund 5,033,657 1.51 1388.794,433,6572026-02-23 00:45:1013.53%
ICICI Prudential Technology Fund 2,349,600 4.2 648.252,377,9752026-02-23 00:45:10-1.19%
Kotak Large & Midcap Fund 2,200,000 2.02 606.98N/AN/AN/A
Kotak Multicap Fund 1,652,887 2.01 456.031,702,8872025-12-15 04:18:40-2.94%
ICICI Prudential Focused Equity Fund 1,553,625 2.87 428.65N/AN/AN/A
HDFC Large and Mid Cap Fund 1,537,999 1.5 424.33N/AN/AN/A
HDFC Balanced Advantage Fund 1,257,231 0.32 346.87N/AN/AN/A
DSP Mid Cap Fund 1,246,962 1.81 344.04N/AN/AN/A
Kotak Balanced Advantage Fund 1,110,796 1.75 306.471,154,5212026-02-23 00:45:10-3.79%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 89.8782.4287.0576.3865.18
Diluted EPS (Rs.) 89.3681.8386.3775.6164.43
Cash EPS (Rs.) 114.61103.98104.2091.6677.98
Book Value[Excl.RevalReserv]/Share (Rs.) 506.53465.31421.15369.66348.93
Book Value[Incl.RevalReserv]/Share (Rs.) 506.53465.31421.15369.66348.93
Revenue From Operations / Share (Rs.) 748.62702.55732.38636.84519.77
PBDIT / Share (Rs.) 152.67139.66137.76121.29103.49
PBIT / Share (Rs.) 127.61117.94120.50105.8190.56
PBT / Share (Rs.) 118.90109.43115.34101.8487.17
Net Profit / Share (Rs.) 89.5582.2686.9476.1865.05
NP After MI And SOA / Share (Rs.) 89.5582.2686.9476.1865.05
PBDIT Margin (%) 20.3919.8718.8119.0419.91
PBIT Margin (%) 17.0416.7816.4516.6117.42
PBT Margin (%) 15.8815.5715.7415.9916.77
Net Profit Margin (%) 11.9611.7011.8711.9612.51
NP After MI And SOA Margin (%) 11.9611.7011.8711.9612.51
Return on Networth / Equity (%) 17.6717.6720.6420.6018.64
Return on Capital Employeed (%) 23.1922.4525.7625.3223.34
Return On Assets (%) 11.4111.0014.1013.3012.94
Total Debt / Equity (X) 0.110.170.020.070.07
Asset Turnover Ratio (%) 0.981.031.050.900.75
Current Ratio (X) 1.571.582.131.962.40
Quick Ratio (X) 1.571.582.131.962.40
Dividend Payout Ratio (NP) (%) 61.1060.6452.8285.0853.66
Dividend Payout Ratio (CP) (%) 47.7447.9744.0770.7144.76
Earning Retention Ratio (%) 38.9039.3647.1814.9246.34
Cash Earning Retention Ratio (%) 52.2652.0355.9329.2955.24
Interest Coverage Ratio (X) 17.5316.4126.6930.6230.53
Interest Coverage Ratio (Post Tax) (X) 11.2810.6717.8420.2320.19
Enterprise Value (Cr.) 47038.6245867.3832991.4162998.7932810.46
EV / Net Operating Revenue (X) 3.313.452.395.273.37
EV / EBITDA (X) 16.2117.3812.7127.6516.95
MarketCap / Net Operating Revenue (X) 3.343.402.455.303.43
Retention Ratios (%) 38.8939.3547.1714.9146.33
Price / BV (X) 4.945.134.279.135.11
Price / Net Operating Revenue (X) 3.343.402.455.303.43
EarningsYield 0.030.030.040.020.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

MphasiS Ltd. is a Public Limited Listed company incorporated on 10/08/1992 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L30007KA1992PLC025294 and registration number is 025294. Currently Company is involved in the business activities of Computer programming activities. Company's Total Operating Revenue is Rs. 9271.05 Cr. and Equity Capital is Rs. 190.08 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareBagmane World Technology Center, Bengaluru Karnataka 560048Contact not found
Management
NamePosition Held
Ms. Jan Kathleen HierChairman
Mr. Nitin RakeshManaging Director & CEO
Mr. Marshall Jan LuxNon Executive Director
Mr. Amit DalmiaNon Executive Director
Mr. Amit DixitNon Executive Director
Mr. David Lawrence JohnsonNon Executive Director
Ms. Courtney Della CavaNon Executive Director
Mr. Kabir MathurNon Executive Director
Mr. Pankaj SoodNon Executive Director
Mr. Girish ParanjpeIndependent Director
Ms. Maureen Anne ErasmusIndependent Director
Mr. Sunil GulatiIndependent Director

FAQ

What is the intrinsic value of Mphasis Ltd and is it undervalued?

As of 15 April 2026, Mphasis Ltd's intrinsic value is ₹1168.57, which is 45.32% lower than the current market price of ₹2,137.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (18.2 %), book value (₹505), dividend yield (2.67 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Mphasis Ltd?

Mphasis Ltd is trading at ₹2,137.00 as of 15 April 2026, with a FY2026-2027 high of ₹3,037 and low of ₹2,013. The stock is currently near its 52-week low. Market cap stands at ₹40,770 Cr..

How does Mphasis Ltd's P/E ratio compare to its industry?

Mphasis Ltd has a P/E ratio of 22.3, which is below the industry average of 43.95. This is broadly in line with or below the industry average.

Is Mphasis Ltd financially healthy?

Key indicators for Mphasis Ltd: ROCE of 22.7 % indicates efficient capital utilization; ROE of 18.2 % shows strong shareholder returns. Dividend yield is 2.67 %.

Is Mphasis Ltd profitable and how is the profit trend?

Mphasis Ltd reported a net profit of ₹1,702 Cr in Mar 2025 on revenue of ₹14,230 Cr. Compared to ₹1,431 Cr in Mar 2022, the net profit shows an improving trend.

Does Mphasis Ltd pay dividends?

Mphasis Ltd has a dividend yield of 2.67 % at the current price of ₹2,137.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mphasis Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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