MPHASIS

MphasiS Limited

IT services and BPO — digital transformation, cloud and AI-led delivery

Information Technology›Information Technology›IT - Software›Computers - Software & Consulting

mphasis.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹2500.00
Market cap
47,710 Cr
Stock P/E
25.0
P/B
4.44
Dividend yield
2.3%
ROE (FY26)
17.3%
ROCE (FY26)
21.6%
Operating margin (FY26)
15.3%
Debt / equity (FY26)
0.17
OCF / EBITDA (FY26)
42.1%
OCF / EBITDA (3Y)
66.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Mphasis is an IT services and business process outsourcing (BPO) company that designs, builds and maintains software applications, runs business processes and manages infrastructure for its clients, earning most of its revenue from the Americas.

Company snapshot

9thBy market cap

Ranked among 50 companies in Computers - Software & Consulting.

Segment mix

Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 47.7% of revenue

SegmentRevenue shareRevenuePBTAssets
Banking and Financial Services
47.7%
3,319 Cr877 Cr—
Insurance
11.3%
784 Cr259 Cr—
Logistics and Transportation
13.4%
932 Cr300 Cr—
Others
11.3%
783 Cr259 Cr—
Technology Media and Telecom
16.3%
1,131 Cr289 Cr—
Unallocated - hedge
0.1%
9 Cr9 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.17x — the company is largely funded by its own money, not borrowed funds.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales3,277 Cr3,338 Cr3,412 Cr3,422 Cr3,536 Cr3,561 Cr3,710 Cr3,732 Cr3,902 Cr4,003 Cr4,243 Cr4,384 Cr
Operating expenses (approx.)2,681 Cr2,737 Cr2,773 Cr2,804 Cr2,888 Cr2,883 Cr3,007 Cr3,030 Cr3,180 Cr3,252 Cr3,439 Cr3,589 Cr
EBITDA596 Cr601 Cr639 Cr619 Cr648 Cr678 Cr703 Cr703 Cr722 Cr750 Cr804 Cr796 Cr
OPM %18.2%18.0%18.7%18.1%18.3%19.0%18.9%18.8%18.5%18.7%18.9%18.1%
Other income49 Cr54 Cr64 Cr74 Cr59 Cr63 Cr60 Cr81 Cr75 Cr62 Cr108 Cr83 Cr
Interest34 Cr53 Cr50 Cr50 Cr40 Cr39 Cr36 Cr42 Cr44 Cr41 Cr77 Cr49 Cr
Depreciation89 Cr103 Cr131 Cr105 Cr104 Cr132 Cr135 Cr132 Cr128 Cr143 Cr153 Cr147 Cr
Profit before tax522 Cr499 Cr522 Cr537 Cr563 Cr569 Cr591 Cr610 Cr625 Cr593 Cr681 Cr683 Cr
Tax %24.9%25.1%24.7%24.7%24.8%24.8%24.5%27.6%24.9%25.4%25.2%28.3%
Net profit392 Cr374 Cr393 Cr405 Cr423 Cr428 Cr446 Cr442 Cr469 Cr442 Cr510 Cr490 Cr
EPS (₹)₹20.79₹19.80₹20.82₹21.40₹22.38₹22.58₹23.51₹23.22₹24.65₹23.22₹26.73₹25.65

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,076 Cr6,546 Cr7,731 Cr8,844 Cr9,722 Cr11,961 Cr13,798 Cr13,279 Cr14,230 Cr15,880 CrSign in free for the trailing twelve months
Operating expenses (approx.)5,108 Cr5,483 Cr6,407 Cr7,193 Cr7,919 Cr9,844 Cr11,365 Cr10,857 Cr11,583 Cr12,901 CrSign in free for the trailing twelve months
EBITDA969 Cr1,062 Cr1,324 Cr1,650 Cr1,803 Cr2,118 Cr2,434 Cr2,422 Cr2,647 Cr2,978 CrSign in free for the trailing twelve months
OPM %15.9%16.2%17.1%18.7%18.5%17.7%17.6%18.2%18.6%18.8%Sign in free for the trailing twelve months
Other income239 Cr162 Cr177 Cr178 Cr133 Cr160 Cr162 Cr218 Cr255 Cr326 CrSign in free for the trailing twelve months
Interest14 Cr13 Cr17 Cr81 Cr63 Cr74 Cr97 Cr161 Cr166 Cr204 CrSign in free for the trailing twelve months
Depreciation79 Cr71 Cr76 Cr232 Cr242 Cr291 Cr325 Cr410 Cr476 Cr555 CrSign in free for the trailing twelve months
Profit before tax1,099 Cr1,128 Cr1,407 Cr1,515 Cr1,631 Cr1,913 Cr2,173 Cr2,068 Cr2,260 Cr2,509 CrSign in free for the trailing twelve months
Tax %28.0%25.7%23.7%21.8%25.4%25.2%24.6%24.8%24.7%25.8%Sign in free for the trailing twelve months
Net profit792 Cr837 Cr1,073 Cr1,185 Cr1,217 Cr1,431 Cr1,638 Cr1,555 Cr1,702 Cr1,863 CrSign in free for the trailing twelve months
EPS (₹)₹37.69₹42.66₹56.05₹63.57₹65.18₹76.38₹87.05₹82.42₹89.87₹97.82Sign in free for the trailing twelve months
Dividend payout %————53.6%85.1%52.8%60.6%61.1%58.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital210 Cr193 Cr186 Cr187 Cr187 Cr188 Cr188 Cr189 Cr190 Cr191 Cr
Reserves5,942 Cr5,289 Cr5,064 Cr5,643 Cr6,340 Cr6,755 Cr7,746 Cr8,606 Cr9,438 Cr10,553 Cr
Borrowings260 Cr390 Cr543 Cr571 Cr513 Cr527 Cr198 Cr1,544 Cr1,116 Cr1,793 Cr
Other liabilities905 Cr1,114 Cr1,579 Cr2,353 Cr2,359 Cr3,286 Cr3,476 Cr3,792 Cr4,162 Cr5,245 Cr
Total liabilities7,317 Cr6,985 Cr7,371 Cr8,753 Cr9,399 Cr10,756 Cr11,609 Cr14,130 Cr14,907 Cr17,782 Cr
Fixed assets (net)104 Cr87 Cr120 Cr170 Cr212 Cr869 Cr972 Cr922 Cr822 Cr193 Cr
CWIP0.72 Cr2 Cr2 Cr7 Cr3 Cr11 Cr5 Cr14 Cr0.18 Cr0.06 Cr
Investments2,396 Cr1,782 Cr1,329 Cr1,326 Cr1,846 Cr1,813 Cr1,753 Cr3,090 Cr2,208 Cr1,737 Cr
Loans & advances——126 Cr141 Cr147 Cr32 Cr29 Cr34 Cr39 Cr11 Cr
Trade receivables628 Cr812 Cr1,849 Cr835 Cr929 Cr968 Cr2,521 Cr2,426 Cr2,841 Cr4,193 Cr
Cash & bank613 Cr464 Cr352 Cr990 Cr771 Cr827 Cr1,044 Cr805 Cr986 Cr1,123 Cr
Other assets3,575 Cr3,838 Cr3,594 Cr5,284 Cr5,491 Cr6,236 Cr5,286 Cr6,840 Cr8,011 Cr10,525 Cr
Total assets7,317 Cr6,985 Cr7,371 Cr8,753 Cr9,399 Cr10,756 Cr11,609 Cr14,130 Cr14,907 Cr17,782 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity664 Cr733 Cr950 Cr1,321 Cr1,455 Cr1,716 Cr1,462 Cr2,180 Cr1,905 Cr1,253 Cr
Cash from investing268 Cr493 Cr289 Cr141 Cr-822 Cr-282 Cr182 Cr-2,482 Cr44 Cr-211 Cr
Cash from financing-710 Cr-1,380 Cr-1,342 Cr-825 Cr-861 Cr-1,389 Cr-1,440 Cr77 Cr-1,756 Cr-943 Cr
Net cash flow222 Cr-154 Cr-103 Cr637 Cr-217 Cr56 Cr217 Cr-239 Cr181 Cr137 Cr
Free cash flow (OCF − Capex)546 Cr700 Cr865 Cr1,195 Cr1,328 Cr1,596 Cr1,349 Cr2,086 Cr1,843 Cr935 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.4%19.4%24.6%24.9%24.1%26.6%27.9%21.6%22.6%21.6%
ROE %12.9%15.3%20.4%20.3%18.6%20.6%20.6%17.7%17.7%17.3%
Debtor days38458734352966677396
Inventory days——00000000
Days payable23283728222623222531
Cash conversion cycle141750712444454865
OCF / EBITDA %68.5%69.0%71.7%80.0%80.7%81.0%60.1%90.0%72.0%42.1%
OCF / EBITDA % (3 years)——69.9%74.4%78.0%80.6%72.9%76.8%73.9%66.3%
Debt / equity0.040.070.100.100.080.080.030.180.120.17
Current ratio4.092.812.062.042.401.962.131.581.571.38
Net debt / EBITDA-0.36—0.14-0.25-0.14-0.14-0.350.300.050.22