Mphasis Limited
NSE: MPHASIS · Computers - Software & Consulting · sector
₹2,557.60NSE close 2026-10-26
Key numbers
Market cap₹48,819 cr
Price₹2,557.60
52w high / low₹2,975 / ₹2,013
P/E25.5xSector median 17.5x
P/B4.5xSector median 2.7x
Book value₹562.9
Dividend yield2.23%Sector median 1.66%
ROE18.8%Sector median 14.4%
ROCE22.3%Sector median 15.3%
OPM18.4%Sector median 16.9%
Debt / equity0.17xSector median 0.04x
EV/EBITDA15.7xSector median 13.2x
Interest cover13.2x
Current ratio1.38x
Sales growth 3y+4.8%Sector median +10.8%
Profit growth 3y+4.4%Sector median +14.9%
PEG6.44x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 80 companies in Computers - Software & Consulting (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3,074 cr vs borrowings ₹1,793 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 13.2x in the last 12 months.
- 100.00% of the promoters' shares are pledged (30.5% of all shares).
- Promoter holding fell by 9.57 percentage points in a year, to 30.53% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 17% of net profit in the last 12 months.
- Debtor days went from 67 (FY24) to 96 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹2,557.60 on 2026-10-26: -14.0% from the 52-week high, +27.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹3,190.35 · low ₹2,063.60
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,536 | 3,561 | 3,710 | 3,732 | 3,902 | 4,003 | 4,243 | 4,384 |
| EBITDA | 648 | 678 | 703 | 703 | 722 | 715 | 804 | 796 |
| OPM % | 18.3% | 19.0% | 18.9% | 18.8% | 18.5% | 17.9% | 18.9% | 18.1% |
| Other income | 59 | 63 | 60 | 81 | 75 | 62 | 108 | 83 |
| Net profit | 423 | 428 | 446 | 442 | 469 | 442 | 510 | 490 |
| EPS (₹) | 22.38 | 22.58 | 23.51 | 23.22 | 24.65 | 23.22 | 26.73 | 25.65 |
| Revenue YoY | +10.3% | +12.4% | +14.4% | +17.5% | ||||
| Profit YoY | +10.8% | +3.4% | +14.1% | +10.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 11,961 | 13,798 | 13,279 | 14,230 | 15,880 | 16,531 |
| EBITDA | 2,118 | 2,434 | 2,422 | 2,647 | 2,943 | 3,035 |
| Net profit | 1,431 | 1,638 | 1,555 | 1,702 | 1,863 | 1,910 |
| EPS (₹) | 76.38 | 87.05 | 82.42 | 89.87 | 97.82 | 100.25 |
| Revenue growth | +15.4% | -3.8% | +7.2% | +11.6% | +13.7% | |
| Profit growth | +14.5% | -5.1% | +9.5% | +9.4% | +9.8% | |
| Dividend / share (₹) | 38.00 | 46.00 | 50.00 | 55.00 | 57.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.8% | +10.3% | +13.7% |
| Net profit | +4.4% | +8.9% | +9.8% |
| EPS | +4.0% | +8.5% | – |
| Share price | – | -7.1% (2y) | -6.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 7,935 | 8,795 | 9,628 | 10,744 |
| Borrowings | – | 198 | 1,544 | 1,116 | 1,793 |
| Cash & equivalents | – | 2,421 | 3,407 | 3,397 | 3,074 |
| Total assets | – | 11,609 | 14,130 | 14,907 | 17,782 |
| Fixed assets | – | 972 | 922 | 822 | 193 |
| Capital work in progress | – | 5 | 14 | 0 | 0 |
| Investments | – | 385 | 497 | 424 | 415 |
| Receivables | – | 2,521 | 2,426 | 2,841 | 4,193 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 864 | 798 | 978 | 1,357 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1,716 | 1,462 | 2,180 | 1,905 | 1,253 |
| Cash from investing | -282 | 182 | -2,482 | 44 | -211 |
| Cash from financing | -1,389 | -1,440 | 77 | -1,756 | -943 |
| Capex | 120 | 113 | 94 | 62 | 318 |
| Free cash flow | 1,596 | 1,349 | 2,086 | 1,843 | 935 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 20.6% | 17.7% | 17.7% | 17.3% |
| ROCE % | – | 27.9% | 21.6% | 22.6% | 21.6% |
| Debtor days | – | 67 | 67 | 73 | 96 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 23 | 22 | 25 | 31 |
| Cash conversion cycle (days) | – | 44 | 45 | 48 | 65 |
| Working capital days | – | 83 | 67 | 65 | 52 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 30.53% |
| FIIs | 19.39% |
| DIIs | 45.85% |
| of which Mutual funds | 31.12% |
| of which Insurance | 14.28% |
| Public (non-institutions) | 4.23% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 40.23% | 40.14% | 40.10% | 40.10% | 30.59% | 30.55% | 30.54% | 30.53% |
| Promoter group | % |
|---|---|
| BCP Topco IX PTE. Ltd. | 30.53% |
| BCP Asia (SG) Mirror Holding Pte. Ltd. | 0.00% |
| Public holders above 1% | % |
|---|---|
| KOTAK EMERGING EQUITY SCHEME (including other Kotak mutual funds consolidated based on PAN) | 7.39% |
| LIFE INSURANCE CORPORATION OF INDIA (including other LIC funds consolidated based on PAN) | 6.94% |
| HDFC MUTUAL FUND - HDFC MID-CAP OPPORTUNITIES FUND (including other HDFC mutual funds consolidated based on PAN) | 6.93% |
| ICICI PRUDENTIAL MUTUAL FUND (including other ICICI Prudential mutual funds consolidated based on PAN) | 5.42% |
| SBI Life Insurance Co. Ltd | 1.86% |
| HDFC LIFE INSURANCE COMPANY LIMITED (including other HDFC funds consolidated based on PAN) | 1.85% |
| DSP LARGE AND MIDCAP FUND (including other DSP LARGE AND MIDCAP FUND consolidated based on PAN) | 1.56% |
| Government Pension Fund Global | 1.52% |
| NIPPON LIFE INDIA TRUSTEE LTD (including other Nippon mutual funds consolidated based on PAN) | 1.50% |
| AXIS MUTUAL FUND TRUSTEE LIMITED (including other Axis mutual funds consolidated based on PAN) | 1.13% |
| UTI Value fund (including other UTI mutual funds consolidated based on PAN) | 1.09% |
| Tata AIA Life Insurance Company Limited (Various Schemes) | 1.06% |
| Vanguard Total International Stock Index Fund | 1.01% |
| Kotak Funds - India Midcap Fund | 1.01% |
1,27,083 shareholders. Pledged: 100.00% of promoter shares.
Peers in Computers - Software & Consulting
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TCS | ₹9,17,670 cr | 17.8x | 7.7x | 45.8% | 59.1% | 25.0% | +5.8% | 4.31% |
| INFY | ₹4,72,230 cr | 15.7x | 5.1x | 32.1% | 44.9% | 23.0% | +6.8% | 3.95% |
| HCLTECH | ₹3,84,716 cr | 20.9x | 5.0x | 24.9% | 31.9% | 19.9% | +8.7% | 3.80% |
| WIPRO | ₹1,87,403 cr | 14.8x | 2.4x | 16.0% | 19.6% | 19.3% | +0.8% | 6.18% |
| TECHM | ₹1,59,037 cr | 28.8x | 5.4x | 16.1% | 25.2% | 16.8% | +2.2% | 2.53% |
| LTM | ₹1,20,617 cr | 23.1x | 4.7x | 21.2% | 28.2% | 16.7% | +8.4% | 1.66% |
| PERSISTENT | ₹92,284 cr | 50.8x | 10.7x | 22.9% | 28.2% | 16.3% | +20.9% | 0.63% |
| COFORGE | ₹66,873 cr | 40.5x | 7.0x | 21.6% | 24.9% | 17.3% | +27.0% | 0.81% |
| MPHASIS | ₹48,819 cr | 25.5x | 4.5x | 18.8% | 22.3% | 18.4% | +4.8% | 2.23% |
| HEXT | ₹36,152 cr | 26.9x | 5.4x | 21.5% | 27.6% | 14.2% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Banking and Financial Services | ₹8,379 cr | 52.3% | ₹2,689 cr | 32.1% |
| Technology Media and Telecom | ₹2,870 cr | 17.9% | ₹615 cr | 21.4% |
| Insurance | ₹2,344 cr | 14.6% | ₹720 cr | 30.7% |
| Others | ₹1,546 cr | 9.7% | ₹543 cr | 35.2% |
| Logistics and Transportation | ₹872 cr | 5.4% | ₹67 cr | 7.7% |
| Unallocated - hedge | ₹-130 cr | -0.8% | ₹-130 cr | 100.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-08 | Dividend | Dividend - Rs 62 Per Share |
| 2025-07-09 | Dividend | Dividend - Rs 57 Per Share |
| 2024-07-10 | Dividend | Annual General Meeting/Dividend - Rs 55 Per Share |
| 2023-07-05 | Dividend | Annual General Meeting/Dividend - Rs 50 Per Share |
| 2022-07-05 | Dividend | Annual General Meeting/Dividend - Rs 46 Per Share |
| 2021-09-13 | Dividend | Annual General Meeting/Dividend - Rs 38 Per Share/Special Dividend - Rs 27 Per Share |
| 2020-07-02 | Dividend | Annual General Meeting/Dividend - Rs 35 Per Share |
| 2019-07-11 | Dividend | Annual General Meeting/ Dividend - Rs 27 Per Share |
| 2018-10-24 | Buyback | Buyback |
| 2018-07-26 | Dividend | Annual General Meeting / Dividend- Rs 20 Per Share |
| 2017-07-13 | Dividend | Annual General Meeting/Dividend - Rs 17/- Per Share |
| 2017-03-30 | Buyback | Buyback |
| 2016-10-19 | Dividend | Annual General Meeting/Dividend - Rs 20/- Per Share |
| 2015-08-25 | Dividend | Annual General Meeting/ Dividend - Rs 16/- Per Share |
| 2014-07-16 | Dividend | Annual General Meeting / Dividend - Rs 7/- Per Share |
| 2014-01-22 | Dividend | Annual General Meeting / Dividend - Rs 17/- Per Share |
| 2013-01-17 | Dividend | Annual General Meeting/Dividend Rs.17 Per Share |
| 2012-02-15 | Dividend | Dividend-Rs.6.50 Per Share |
| 2011-02-10 | Dividend | Final Dividend-Rs.4/- Per Share |
| 2010-02-10 | Dividend | Dividend-Rs.3.50 Pr Share |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Computer programming activities: Computer programming activities (IT consultancy, Information, and communication services, etc.)
| Sector | Information Technology |
| Industry | Computers - Software & Consulting |
| Sub-industry | Computers - Software & Consulting |
| Symbol | MPHASIS |
| BSE code | 526299 |
| ISIN | INE356A01018 |
| Face value | ₹10.0 |
| Incorporated | 1992-04-01 |
| Website | www.mphasis.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.