āagman

Not investment advice. Data and computed figures, for information only.

Mphasis Ltd

NSE: MPHASISF&O
₹2,453.20
+₹17.90 (+0.74%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹45,064 Cr
CMP
₹2,453.20
52-wk High / Low
₹2,975 / 2,013
P/E
23.3
P/B
4.2
Book Value
₹563.0
Div Yield
2.63%
ROCE
22.0%
ROE
18.5%
Face Value
₹10
D/E
0.24

Price−11.9% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹1,112
√(22.5 × EPS × book value per share)
ROIC
13.5%
vs 13.5% sector median
Cash flow to profit
0.67
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−70
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
7.2%
ROE × earnings retention ratio
ROE stability
1.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.01FII −0.01DII −0.34
Latest quarter vs the previous one
Cash-accrual divergence
3.8%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+FII holding rose by 1.8pp over the last year
+PE of 23.3x is below the sector median of 24.0x
Watch-outs
−Borrowings are up 468.3% since FY2016 (461 to 2620)
−Promoter holding fell by 25.1pp over the last year
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,2523,2763,3383,4123,4223,5363,5613,7103,7323,9024,0034,2434,384
Expenses2,6652,6812,7372,7732,8042,8882,8833,0073,0303,1803,2523,4393,589
Operating Profit587596601639619648678703703722750804795
OPM %18.1%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 Income504954647459636081752710883
Interest24345350504039364244417749
Depreciation8789103131105104132135132128143153147
Profit before tax526522499522537563569591610625593681683
Net Profit396392374393405423428446442469442510490
EPS (₹)21.0120.7819.7920.8121.3922.3722.5623.4923.2224.6523.2126.7125.65

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 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
Operating Profit8708639691,0621,3241,6501,8032,1182,4342,4222,6472,9783,070
OPM %15.0%14.2%15.9%16.2%17.1%18.7%18.5%17.7%17.6%18.2%18.6%18.8%18.6%
Other Income194172223149177178133160162218255290293
Interest282414131781637497161166204211
Depreciation98121797176232242291325410476555570
Profit before tax9388901,0991,1281,4071,5151,6311,9132,1732,0682,2602,5092,582
Net Profit6756327928381,0731,1851,2171,4311,6381,5551,7021,8631,910
EPS (₹)32.1030.0537.6243.3457.6463.5265.0676.1986.9482.2789.5597.61100.22

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 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—
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 Assets7,3677,4087,3016,9807,3688,7409,36510,68411,50614,00014,74417,609—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 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

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.015.018.019.024.026.025.027.029.024.022.022.0
ROE %———————————18.5
EPS (₹)32.1030.0537.6243.3457.6463.5265.0676.1986.9482.2789.5597.61
Book Value (₹)———————————563.0
Face Value (₹)———————————10
P/E———————————23.3
Div Yield %———————————2.63
NPM %11.310.112.612.513.613.112.311.811.711.511.811.5
OPM %15.014.016.016.017.019.019.018.018.018.019.019.0
D/E0.100.080.040.070.100.100.080.080.020.180.200.24
P/B———————————4.2

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+10.0%
5 years+10.0%
3 years+5.0%
TTM+14.0%
Compounded profit growth
10 years+11.0%
5 years+9.0%
3 years+5.0%
TTM+11.0%
Stock price CAGR
10 years+16.0%
5 years−5.0%
3 years−1.0%
Last year−15.0%
Return on equity
10 years19.0%
5 years20.0%
3 years18.0%
Last year19.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters60.41%60.41%60.38%52.26%56.18%56.03%55.80%55.63%55.45%40.14%30.55%30.54%
FIIs20.41%20.41%22.79%29.74%23.87%21.82%21.09%17.72%14.84%20.61%19.51%19.50%
DIIs9.85%9.85%7.58%8.01%14.17%17.15%18.04%21.00%24.63%34.91%45.65%45.31%
Government————————————
Public9.33%9.33%9.25%9.99%5.77%4.99%5.07%5.65%5.08%4.34%4.28%4.65%
No. of shareholders34,24534,24522,89462,87761,13865,8101,26,8951,69,2151,47,3501,39,8131,32,9161,31,941
Change since Jun 2023 (pp)
Promoters −29.87FIIs −0.91DIIs +35.46Public −4.68

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSDisclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Announcement under Regulation 30 (LODR)-Press Release / Media Release
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingNov 2025TranscriptNov 2025PPTJul 2025TranscriptJul 2025PPT

Corporate actions

As of 8 Jul 2026
8 Jul 2026DIVIDENDDividend - Rs 62 Per Share—
9 Jul 2025DIVIDENDDividend - Rs 57 Per Share—
10 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 55 Per Share—
5 Jul 2023DIVIDENDAnnual General Meeting/Dividend - Rs 50 Per Share—
5 Jul 2022DIVIDENDAnnual General Meeting/Dividend - Rs 46 Per Share—
13 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 38 Per Share/Special Dividend - Rs 27 Per Share—
2 Jul 2020DIVIDEND Annual General Meeting/Dividend - Rs 35 Per Share—
11 Jul 2019DIVIDEND Annual General Meeting/ Dividend - Rs 27 Per Share—
26 Jul 2018DIVIDEND Annual General Meeting / Dividend- Rs 20 Per Share—
13 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 17/- Per Share—
19 Oct 2016DIVIDEND Annual General Meeting/Dividend - Rs 20/- Per Share—
25 Aug 2015DIVIDEND Annual General Meeting/ Dividend - Rs 16/- Per Share—
16 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Rs 7/- Per Share—
22 Jan 2014DIVIDENDAnnual General Meeting / Dividend - Rs 17/- Per Share—
17 Jan 2013DIVIDENDAnnual General Meeting/Dividend Rs.17 Per Share—
15 Feb 2012DIVIDENDDividend-Rs.6.50 Per Share—
10 Feb 2011DIVIDENDFinal Dividend-Rs.4/- Per Share—
10 Feb 2010DIVIDENDDividend-Rs.3.50 Pr Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman