Overview

Detailed Summary

Mphasis is a global IT solutions provider specializing in cloud and cognitive services. Founded after the merger of MphasiS Corporation and BFL Software Limited, the company applies next-gen technology for business transformation globally.
Mphasis has pioneered the use of AI through its NeoIP platform, which integrates diverse AI capabilities for enterprise IT improvements. NeoIP facilitates modern AI applications in IT operations, software development, and business transformation strategies.
The company's AI-led offerings have significantly increased its deal pipeline, with AI now leading 69% of its pipeline. Its large deal pipeline has seen a 91% YoY increase, underscoring the strong demand for AI-driven solutions.
Mphasis has strategically positioned itself to benefit from surging demand in the Insurance and BFS verticals, showcasing its adaptability to market trends and leveraging AI for robust growth in these sectors.
In the past year, Mphasis achieved an LTM TCV of $2.1 billion, with strong growth expected to continue due to innovative AI solutions, strategic client engagement, and a focus on large multi-year contracts.

Sector: IT - Software
Industry: Computers - Software & Consulting
Market Cap: 44,375 Cr
Volatility: Moderate Risk
P/E Ratio: 23.8
Industry P/E: 20.1
PEG Ratio: 1.5
P/B Ratio: 4.6
52W High: 3,035.15
52W Low: 2,025.05

Sales CAGR

1Y: 7.17%
3Y: 7.85%
5Y: 16.36%
10Y: 13.68%

Profit CAGR

1Y: 9.48%
3Y: 7.45%
5Y: 4.92%
10Y: 14.39%

ROE

TTM: 18.55%
3Y: 18.57%
5Y: 18.94%
10Y: 17.63%

ROCE

TTM: 21.93%
3Y: 23.72%
5Y: 23.94%
10Y: 22.64%

Technicals

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Peers

Information Technology Information Technology IT - Software

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MPHASIS		2238.65	44,375 Cr	23.79	4.61	2.44	18.55	21.93	11.06
COFORGE		1219.95	41,105 Cr	34.35	5.96	0.31	17.06	20.88	10.20
HEXT		446.80	29,347 Cr	20.24	4.65	2.39	21.68	24.97	12.55
TATAELXSI		4242.50	27,688 Cr	180.43	10.24	1.69	24.81	31.56	16.80
KPITTECH		720.95	19,645 Cr	27.44	6.02	1.18	23.68	27.78	10.71
FRACTAL		830.00	14,254 Cr	12.42	4.72	0.00	11.12	13.56	0.00
ZENSARTECH		544.00	12,664 Cr	16.91	2.96	2.33	16.37	20.59	13.68
Median: 7 Co.	—	830.00	27,688 Cr	23.79	4.72	1.69	18.55	21.93	11.06

Financial Statements

Upcoming Result Date: Apr 28, 2026

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	3,277	3,338	3,412	3,422	3,536	3,561	3,710	3,732	3,902	4,003
Expenses	2,681	2,737	2,773	2,804	2,888	2,883	3,007	3,030	3,178	3,251
Operating Profit	596	601	639	619	648	678	703	703	724	752
OPM %	18.18	17.99	18.72	18.07	18.32	19.04	18.94	18.83	18.54	18.78
Other Income	49	54	64	74	59	63	60	81	73	25
Interest	34	53	50	50	40	39	36	42	44	41
Depreciation	89	103	131	105	104	132	135	132	128	143
Profit Before Tax	522	499	522	537	563	569	591	610	625	593
Tax %	24.86	25.07	24.72	24.72	24.75	24.83	24.46	27.60	24.92	25.44
Net Profit	392	374	393	405	423	428	446	442	469	442
EPS in Rs	20.41	19.46	20.48	21.09	22.02	22.30	23.35	23.10	24.50	23.13

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	6,076	6,546	7,731	8,844	9,722	11,961	13,798	13,279	14,230	14,540
Expenses	5,108	5,483	6,407	7,193	7,919	9,844	11,365	10,857	11,583	11,809
Operating Profit	969	1,062	1,324	1,650	1,803	2,118	2,434	2,422	2,647	2,731
OPM %	15.94	16.23	17.12	18.66	18.54	17.70	17.64	18.24	18.60	18.78
Other Income	223	149	177	178	133	160	162	218	255	262
Interest	14	13	17	81	63	74	97	161	166	158
Depreciation	79	71	76	232	242	291	325	410	476	503
Profit Before Tax	1,099	1,128	1,407	1,515	1,631	1,913	2,173	2,068	2,260	2,333
Tax %	27.99	25.73	23.73	21.81	25.38	25.20	24.63	24.83	24.69	25.44
Net Profit	792	837	1,073	1,185	1,217	1,431	1,638	1,555	1,702	1,739
EPS in Rs	41.50	43.88	55.25	61.71	63.20	74.10	85.39	81.05	88.77	94.09
Dividend Payout %	45.18	46.96	48.65	55.48	100.88	60.84	57.89	67.21	63.79	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	210	210	193	186	187	187	188	188	189	190
Reserves	5,645	5,942	5,289	5,064	5,643	6,340	6,755	7,746	8,606	9,438
Borrowings	311	260	390	543	571	513	527	198	1,544	1,116
Other Liabilities	1,250	905	1,114	1,579	2,353	2,359	3,286	3,476	3,792	4,162
Total Liabilities	7,417	7,317	6,985	7,371	8,753	9,399	10,756	11,609	14,130	14,907
Fixed Assets	1,597	1,921	1,884	2,170	3,013	3,020	3,774	4,060	5,533	5,781
CWIP	56	1.08	2.26	2.92	17	3.13	11	32	61	0.18
Investments	2,122	2,396	1,782	1,329	1,326	1,846	1,813	1,753	3,090	2,208
Other Assets	3,642	2,999	3,317	3,869	4,398	4,530	5,159	5,765	5,446	6,917
Total Assets	7,417	7,317	6,985	7,371	8,753	9,399	10,756	11,609	14,130	14,907

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	731	664	723	950	1,321	1,455	1,716	1,462	2,180	1,905
Cash from Investing Activity	-158	268	493	289	141	-822	-282	182	-2,482	44
Cash from Financing Activity	-568	-710	-1,380	-1,342	-825	-861	-1,389	-1,440	77	-1,756
Net Cash Flow	4.63	222	-164	-103	637	-229	45	204	-225	194

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	55.63%	55.58%	55.57%	55.52%	55.46%	40.35%	40.33%	40.23%	40.14%	40.11%	40.10%	30.59%
FIIs	17.72%	17.19%	16.60%	15.72%	14.84%	18.32%	18.26%	20.78%	20.61%	19.00%	18.52%	19.79%
DIIs	21.00%	21.15%	22.66%	23.80%	24.74%	35.94%	36.98%	34.62%	34.91%	36.50%	37.07%	45.25%
Public	5.65%	6.08%	5.16%	4.96%	4.97%	5.38%	4.43%	4.37%	4.34%	4.40%	4.31%	4.36%
Total Shareholders	1,69,215	1,77,013	1,53,792	1,48,428	1,47,350	1,67,593	1,49,318	1,43,700	1,39,813	1,52,602	1,45,611	1,40,263

Market Transactions

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Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

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