Fin Cascade
Get Android appGet iOS app

Prices as of 8 Oct 2026 close · Not investment advice

Mphasis

NSE: MPHASISComputers - Software & Consulting

Share price

₹2,303.40

+0.63% close of 8 Oct 2026

Market cap ₹43,995 CrP/E 22.7

Business score

How strong the business is, in one number. The parts behind it are in Pro.

57

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹43,995 Cr

P/E ratio

22.7

P/B ratio

4.1

ROCE

22.1%

ROE

18.5%

Dividend yield

2.7%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹2,953.6052-week low ₹2,047.40

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 13.7% over the past year, and 11.4% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 17.6% to 18.6% over the last four years.

Whether it grew faster than its sector

It grew 11.4% a year against a sector median of 14.5% — 3.1 percentage points slower.

Room to re-rate, or risk of de-rating

At 22.7× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 14.0×, across 5 companies. It is against its own five-year median of 29.4×, the 8th percentile of its own range.

Whether growth justifies the valuation

Priced at 4.5 times its growth rate, on earnings growth of 5%.

Profit growthPrice per ₹1 profitPer 1% growth
Mphasis — this one5%/yr22.7×₹4.5
Tata Consultancy Services8%/yr14.0×₹1.7
Infosys8%/yr12.9×₹1.6
HCL Technologies6%/yr17.6×₹2.9
Wipro5%/yr12.6×₹2.5
Tech Mahindra1%/yr24.9×₹24.9

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Computers - Software & Consulting), it ranks 24 of 53 on returns, 34 of 49 on growth, 26 of 52 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 22.1% on capital, ahead of 55% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹8516 crore of cash from the business, spent ₹698 crore on plant and equipment, and returned ₹5451 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 103 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being waiting 13 days for its cash to paid 19 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result

What the last results showed. Whether management kept its word is in Pro.

Results are expected soon.

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹43,995 Cr
Prev close
₹2,303.40
52w High
₹2,975
52w Low
₹2,013
Enterprise value
₹43,541 Cr
Beta
1.1
Price CAGR 1y
-18.0%
Price CAGR 3y
-3.0%
Price CAGR 5y
-7.0%
Price CAGR 10y
15.0%

Ratios

Return on assets
10.6%
PEG ratio
4.5
P/E ratio
22.7
P/B ratio
4.1
EV / EBITDA
14.2
Industry P/E
18.1
ROCE
22.1%
ROCE 5y average
24.8%
ROE
18.5%
Debt / Equity
0.2
Interest coverage
13.3
Dividend yield
2.7%
ROE 3y average
18.0%
ROE last year
19.0%

Annual P&L

Annual revenue
₹15,880 Cr
Annual profit
₹1,863 Cr
Operating margin
19.0%
Net profit margin
11.7%
EBITDA margin
18.8%
Sales growth 3y
4.8%
Sales growth 5y
10.3%
Profit growth 3y
5.0%
Profit growth 5y
9.0%
EPS
₹97.6
Sales growth TTM
14.0%
Profit growth TTM
11.0%
Dividend payout
64.0%

Quarter P&L

Sales latest quarter
₹4,384 Cr
Profit latest quarter
₹490 Cr
YoY quarterly sales growth
17.5%
YoY quarterly profit growth
10.9%
OPM latest quarter
18.1%

Balance Sheet

Book Value
₹563
Face Value
₹10.0
Total debt
₹2,620 Cr
Total cash
₹1,753 Cr
Borrowings
₹2,620 Cr
Reserves / Equity
55.3

Cash Flow

Operating cash flow
₹1,253 Cr
Free cash flow
₹937 Cr
FCF yield
1.7%
Net cash flow
₹137 Cr

Shareholding

Promoter holding
30.5%
FII holding
19.5%
DII holding
45.3%
Public holding
4.7%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
TCS2,105.0014.27,61,6073.0513,420.08.472,275.013.963.0
Infosys1,001.5013.14,06,4364.787,775.012.348,211.014.040.0
HCL Technologies1,195.4017.93,24,3924.544,626.020.334,579.013.930.4
Wipro161.3012.01,59,7736.813,356.30.724,478.610.617.8
Tech Mahindra1,510.4527.91,48,0483.401,486.328.415,711.917.723.1
LTM3,978.1521.01,18,0001.871,468.616.911,608.018.029.6
Persistent Systems5,565.0044.187,7880.73483.013.74,303.229.134.4
Mphasis2,341.8523.144,7172.68489.510.84,384.117.522.1
Median212.5519.08470.3310.113.085.717.622.1

Competes with: HCL Technologies, Infosys, LTIMindtree Limited, Persistent Systems, Tata Consultancy Services, Tech Mahindra, Wipro

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,2523,2773,3383,4123,4223,5363,5613,7103,7323,9024,0034,2434,384
Expenses2,6652,6812,7372,7732,8042,8882,8833,0073,0303,1803,2523,4393,589
Material Cost000000
Change in Inventories000000
Purchases of Stock-in-Trade000000
Employee Cost2,1082,1442,2432,2242,3082,409
Other Expenses9008859381,0281,1321,180
Operating Profit587596601639619648678703703722750804795
OPM %18181819181819191918191918
Other Income504954647459636081752710883
Exceptional items (within Other Income)000-3500
Interest24345350504039364244417749
Depreciation8789103131105104132135132128143153147
Profit before tax526522499522537563569591610625593681683
Tax %25252525252525242825252528
Net Profit396392374393405423428446442469442510490
EPS in Rs21212021212223232325232726
Diluted EPS in Rs232325232726

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,7956,0816,0766,5467,7318,8449,72211,96113,79813,27914,23015,88016,531
Expenses4,9255,2185,1085,4836,4077,1937,9199,84411,36510,85711,58312,90113,461
Material Cost00
Change in Inventories00
Purchases of Stock-in-Trade00
Employee Cost8,1458,919
Other Expenses3,4383,983
Operating Profit8708639691,0621,3241,6501,8032,1182,4342,4222,6472,9783,070
OPM %15141616171919181818191919
Other Income194172223149177178133160162218255290293
Exceptional items (within Other Income)0-35
Interest282414131781637497161166204211
Depreciation98121797176232242291325410476555570
Profit before tax9388901,0991,1281,4071,5151,6311,9132,1732,0682,2602,5092,582
Tax %282928262422252525252526
Net Profit6756327928381,0731,1851,2171,4311,6381,5551,7021,8631,910
EPS in Rs323038435864657687829098100
Diluted EPS in Rs8998
Dividend Payout %5067454647551006058676464

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
10%
5 years
10%
3 years
5%
TTM
14%

Compounded profit growth

10 years
11%
5 years
9%
3 years
5%
TTM
11%

Stock price CAGR

10 years
15%
5 years
-7%
3 years
-3%
1 year
-18%

Return on equity

10 years
19%
5 years
20%
3 years
18%
Last year
19%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 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
Minority Interest00
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 Assets7,3677,4087,3016,9807,3688,7409,36510,68411,50614,00014,74417,782

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 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

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days393938454534356867677396
Cash Conversion Cycle393938454534356867677396
Working Capital Days-5202921196151319-27-22-19
ROCE %161518192426252729242222

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters565655404040404040313131
FIIs171615181821211919202020
DIIs232425363735353737454645
Public5.275.065.085.494.544.384.344.404.314.364.284.65
Others000.0100.030000000
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

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -17.9% (₹2,807.20 → ₹2,303.40)Brick size ₹68.03 (fixed)Bricks 41
₹2,500₹2,750₹2,303Nov '25Feb '26Apr '26Jun '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹2,303.40 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-454inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

40,36,808inr

2026-03-31

News

News and filings about Mphasis. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Sells to

  • DXC Technology · IT services via the legacy DXC channel; ~INR 3,741M (~2.6% of FY25 gross revenue)
  • Flagstar Bank, N.A. · data-center, cloud-platform and critical-infrastructure modernization

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Information Technology
Industry
Computers - Software & Consulting
Classification
Information Technology › Computers - Software & Consulting
ISIN
INE356A01018

Business segments

  • Banking and Financial Services · 52%
  • Technology Media and Telecom · 18%
  • Insurance · 15%
  • Others · 10%
  • Logistics and Transportation · 5%

News impact

Big market events that reach Mphasis, and how the effect spreads.

Who it hits first

  • Infosys, a large software-services firm, extended its deal with Dutch bank ABN AMRO.
  • Its shares traded at Rs 1001.20, up 0.71% (Rs 7.10) from the Rs 994.10 previous close, recovering from a 52-week low.
  • The pack carries no deal value or tenure, so the size of the retained revenue is unknown.

Who may gain

  • Infosys (software services): keeps ABN AMRO revenue and steadies off its 52-week low.
  • ABN AMRO (Dutch bank client): keeps its existing vendor instead of a risky switch.
  • Infosys shareholders who bought near the 52-week low: up 0.71% on the day.

Along the supply chain

Downstream

ABN AMRO, the Dutch bank client, keeps its vendor; Infosys' listed downstream clients in the pack are two Indian banks, Axis Bank and ICICI Bank, whose own business this Dutch extension does not touch.

Upstream

Vendors that sell to Infosys — its listed suppliers in the pack — see no change, since extending an existing bank deal continues current work rather than placing new orders.

Where demand moves

Business

ABN AMRO keeps buying Infosys software services instead of rebidding the work — demand retained, not new — and no extra work flows to rivals or suppliers from an extension alone.

Capital

Investors nibbled Infosys up 0.71% off its 52-week low; there is no sympathy-buying case for peers since sector readthrough is nil.

How it spreads across sectors

Financial Services

None for the banks: ABN AMRO is not listed here and Infosys' Indian bank clients are untouched by a Dutch extension.

Information Technology

Negligible: a single retained deal lifts only Infosys (+0.71%); rivals gain no business and the pack flags sector readthrough false.

When it plays out

Immediate

Infosys steadies near Rs 1000 over 1-7 days as extension relief offsets the 52-week-low overhang; peers drift on their own news.

Medium term

European bank renewals and client budgets over 1-6 months decide whether Infosys re-rates beyond this relief bounce.

Short term

Without a disclosed deal value, the stock needs quarterly results or fresh wins in 1-4 weeks to extend the recovery.

Who it hits first

  • US Labour Department widens H-1B fraud probe beyond tech firms, with surprise site inspections and whistleblower tips targeting employers, recruiters and labour brokers.
  • Indian IT majors with large US onsite workforces (TCS, Infosys, HCLTech, Wipro, Tech Mahindra, Persistent, Coforge, Mphasis, LTTS) face higher visa-compliance costs and possible deployment delays.
  • Severity is modest: no new fee, ban or quota - only broader enforcement of existing rules, playing out over months.

Who may gain

  • Large compliant IT firms may gain share if small staffing brokers and body-shops get barred from the H-1B program.
  • US-based rivals hiring locally face no such overhang; firms with the highest US localization (TCS, Infosys) are relatively insulated.

Along the supply chain

Downstream

US clients could face minor project delays if onsite staff are pulled for inspection; no major disruption expected.

Upstream

US immigration-law firms and visa-compliance vendors see more business; small Indian staffing subcontractors to big IT firms face audit risk.

Where demand moves

Business

No client demand destroyed yet; risk is onsite staffing friction that could delay project starts or push more work offshore to India delivery centres.

Capital

Visa headlines typically trigger a day or two of foreign-investor selling across big IT stocks (Infosys has 27% FII); money rotates to domestic-facing sectors, with no broad sector derating expected.

How it spreads across sectors

Information Technology

Mild negative overhang on exporters with big US onsite exposure; compliance-cost and sentiment channel, roughly 1-2% stock impact.

Staffing and recruitment

Unlisted labour brokers most at risk if named; listed IT firms are second-order.

When it plays out

Immediate

Headline selling on IT majors for 1-2 sessions, roughly 1-2% downside.

Medium term

If the probe names a major or bars firms, reprice; otherwise fades like prior curbs.

Short term

Watch for named firms in DOL actions and visa-cost commentary in Q2 earnings (October).

Who it hits first

  • IT firms with high onsite ratios (Tech Mahindra, Mphasis, Coforge) face visa-cost and staffing risk
  • Cognizant's filing suspension signals broader scrutiny of IT hiring practices
  • Cyber-firm allegations add headline risk to India-US tech ties

Who may gain

  • Product and GCC-led firms with low visa dependence gain relative share
  • Domestic-focused IT (Tata Tech) sidesteps US immigration risk

Along the supply chain

Downstream

US clients face slower staff ramp-ups; project starts stretch by weeks.

Upstream

No supply-chain link — a labour-mobility and cost event for services exporters.

Where demand moves

Business

Onsite deployment gets costlier and slower; firms accelerate local hiring and nearshoring; deal pricing absorbs visa overhead with a lag.

Capital

Money trims high-onsite mid-tier IT and rotates to diversified large-caps (TCS, Infosys) with local workforces.

How it spreads across sectors

Information Technology

onsite-heavy firms face 1-2% margin drag; large-caps absorb via pyramid

When it plays out

Immediate

IT stocks gap down on visa headlines; high-onsite names fall most.

Medium term

Structural shift to local hiring raises US delivery cost permanently; automation offsets partly.

Short term

Watch comment-period outcome, Cognizant resolution, and Q3 management commentary on visa costs.

Who it hits first

  • TECHM: revenue +17.6% YoY to Rs 15,711 cr, PAT +31.6% to Rs 1,486 cr with margin EXPANSION and a third straight $1bn+ deal-win quarter; salary hikes from Q2
  • WIPRO: revenue +10.6% YoY to Rs 24,479 cr but PAT flat at Rs 3,352 cr (-4.3% sequentially) with operating margin at a 15-quarter low; Q2 guidance improved to $2.57-2.63bn; Rs 2 interim dividend

Who may gain

  • TECHM on relative execution -- it took share of the same demand pool Wipro is struggling to convert profitably
  • INFY as the best quality-vs-value expression of a stabilising demand backdrop: ROE 31.9 and ROCE 40.0 against a PE of 14.4

Along the supply chain

Downstream

Downstream clients are the global enterprises buying discretionary and vendor-consolidation deals. TechM's third straight $1bn+ deal-win quarter and Wipro's improved Q2 guidance of $2.57-2.63bn both indicate downstream budgets are holding rather than contracting. No client-side demand destruction is visible in either print, which is precisely why the sector-wide margin-pressure reading was rejected in the Layer 8 debate.

Upstream

The binding upstream input for IT services is talent, not materials. Tech Mahindra is rolling out salary hikes from Q2 and had previously held back hiring for lack of revenue visibility, so the restored visibility is now pulling wage cost back into the model. That is the sector's real input-cost channel and it caps TechM's margin-expansion runway. Wipro faces the same wage base while already at a 15-quarter-low margin, leaving it less room to bid for talent.

Where demand moves

Business

Both results point to the same conclusion: the IT demand pool is stable and the differentiation is execution, not the market. TechM converted that pool into $1bn+ of deal wins for a third consecutive quarter while Wipro grew revenue 10.6% only by conceding margin down to a 15-quarter low. Business is therefore flowing WITHIN the sector -- vendor-consolidation deals moving toward suppliers who can price and staff them profitably -- rather than into or out of Indian IT as a whole. TechM's Q2 salary hikes are the cost of defending that share.

How it spreads across sectors

IT Services

Stable demand pool with execution separating winners; wage cost returning via salary hikes caps margin expansion

Information Technology

Read-across is sector-positive on demand, sector-neutral on margin; mid-caps carry the wage cost without large-cap pricing power

When it plays out

Immediate

TechM re-rates on the beat (+5.9% over the past week already); Wipro derates on the margin miss but is cushioned by improved guidance and a cheap multiple.

Medium term

Wage inflation from the sector-wide return of salary hikes is the structural margin risk; TechM's deal-win streak converts to revenue over two to four quarters.

Short term

Infosys, TCS and HCL Tech results are the confirmation catalysts. If they corroborate stable demand, the Wipro margin print is confirmed as company-specific and the sector re-rates.

Who it hits first

  • HCL Technologies wins a ~$1.14bn AI/GenAI mega-deal — direct order-book and multi-year revenue uplift (stock +6-7%)
  • Nifty IT index rose ~3% as large-cap IT re-rated on the demand-recovery read-through

Who may gain

  • Tier-1 peers Infosys and TCS gain on sector read-through and their own AI-deal pipelines
  • Mid-caps Mphasis, Persistent, Coforge and LTIMindtree ride the sentiment rally

Along the supply chain

Downstream

The deal's overseas enterprise client gains delivery capacity — this is an export-services win with no adverse Indian downstream link.

Upstream

Upstream talent/subcontractor and hyperscaler cloud-infra suppliers see incremental demand as HCL ramps delivery; no listed Indian upstream is directly affected.

Where demand moves

Business

Enterprise AI/GenAI transformation budgets flow to HCL as the contract winner, with spillover read-through demand to Tier-1 peers (Infosys, TCS) bidding for similar programs.

Capital

Capital rotates back INTO Indian IT after an ~18-year-worst drawdown; large-caps (HCLTECH, INFY, TCS) absorb institutional inflows first, quality mid-caps follow.

How it spreads across sectors

IT Services

demand-recovery re-rating led by the deal winner

Information Technology

mid-cap IT sentiment lift on 'worst is over' narrative

When it plays out

Immediate

HCLTECH +6-7%, Nifty IT +3% on the deal and sentiment reversal

Medium term

Sustained AI-led demand could re-rate the sector off multi-year-low multiples if TCV growth persists

Short term

Watch Q1FY27 deal-TCV and commentary from Infosys/TCS to confirm broad-based recovery

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

8 Jul 2026unspecified₹62
9 Jul 2025unspecified₹57
10 Jul 2024unspecified₹55
5 Jul 2023unspecified₹50
5 Jul 2022unspecified₹46
13 Sep 2021unspecified₹38
13 Sep 2021special₹27
2 Jul 2020unspecified₹35

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.