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Mphasis Limited (MPHASIS) Fair Value & Analysis

Technology · IN · Market cap ₹456B

ML Mphasis Limited MPHASIS · NSE
Price₹2,475
Fair Value₹3,514
Upside+42.0%
Quality59/100
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Mixed Growth
Solidly profitable · 11.7% net margin
Low debt · generates free cash flow
2.74% dividend yield
Ranks above peers (10/15)
Moderate moat 60/100
Evidence: High Range ₹2,047 – ₹4,393 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from ₹1,952 to ₹3,514 (+80.0%) since Jun 24, 2026. Share price +10.4% over the past month.

A solid business, screening 42% undervalued on our models.

What matters now

  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (₹2,047 to ₹4,393) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹3,161 ₹1,433 Fair Value ₹3,514 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range ₹1,433 – ₹3,161 · fair‑value band ₹2,047 – ₹4,393 · the ₹2,475 price screens below the ₹3,514 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Mphasis Limited (MPHASIS) currently trades at ₹2,475, while our model-based Fair Value estimate is ₹3,514, implying the stock looks roughly 42.0% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Mphasis Limited generated revenue of ₹159B at a net margin of 11.7%. Revenue grew 14.4% year over year. It earns a return on equity of 18.3%. Net debt stands at ₹8.7B. Fundamentals as of Jul 16, 2026

Our scenario range runs from ₹2,047 (bear case) to ₹4,393 (bull case); at ₹2,475, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 42%, MPHASIS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹726.09 ₹1,225 ₹2,120 80
Residual Income ₹656.61 ₹823.55 ₹2,242 76
Rev-Margin DCF ₹1,079 ₹1,908 ₹2,967 74
All 26 models by family
DCF Models
FCF DCF ₹727.32 ₹1,258 ₹2,213 38
Owner Earnings ₹1,574 ₹2,812 ₹5,042 31
5Y Revenue Exit ₹1,079 ₹1,940 ₹3,125 39
5Y EBITDA Exit ₹1,259 ₹2,310 ₹3,637 41
5Y P/E Exit ₹1,221 ₹2,231 ₹3,390 38
10Y Revenue Exit ₹919.40 ₹1,713 ₹2,952 36
10Y EBITDA Exit ₹1,083 ₹1,989 ₹3,387 37
10Y P/E Exit ₹1,057 ₹1,930 ₹3,177 35
Earnings-Based
Graham-Dodd ₹663.76 ₹2,991 ₹4,101 54
Lynch FV ₹780.31 ₹1,115 ₹1,449 50
PEG = 1.0 ₹780.31 ₹1,115 ₹1,449 46
EPV ₹1,025 ₹1,190 ₹1,337 59
Dividend Discount
Gordon GGM ₹546.51 ₹1,193 ₹2,007 70
DDM Multi-Stage ₹546.51 ₹977.35 ₹1,243 61
Multiples
P/E Multiple ₹1,464 ₹1,952 ₹2,440 63
P/S Multiple ₹1,245 ₹1,659 ₹2,074 58
P/B Multiple ₹1,245 ₹1,659 ₹2,074 55
EV/EBIT ₹1,810 ₹2,382 ₹2,955 53
EV/EBITDA ₹1,616 ₹2,124 ₹2,633 54
EV/Revenue ₹1,250 ₹1,746 ₹2,242 43
Asset-Based
NCAV (Graham) ₹281.52 ₹377.24 ₹563.04 50
Growth DCF
Growth DCF ₹726.09 ₹1,225 ₹2,120 80
Rev-Margin DCF ₹1,079 ₹1,908 ₹2,967 74
Economic Profit
Residual Income ₹656.61 ₹823.55 ₹2,242 76
ROIC Compounder ₹1,159 ₹1,553 ₹2,080 72
Growth Earnings
Growth-Adj P/E ₹1,233 ₹1,762 ₹2,290 68

Widest divergence: DCF Models (₹1,940) versus Asset-Based (₹377.24). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹159B
Revenue growth (YoY) +14.4%
Net margin 11.7%
Return on equity 18.3%
Free cash flow ₹9.0B FY2026
P/E ratio 23.8
More key figures
Operating margin 15.4%
EPS (TTM) ₹100.40
Dividend yield 2.7%
EPS growth (YoY) +14.0%
Net debt ₹8.7B FY2026

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 52

Profitability 55
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Mphasis Limited, together with its subsidiaries, operates as an information technology solutions provider that specializes in cloud and cognitive services in the United States, India, Europe, the Middle East, Africa, and internationally.

Full company description

Mphasis Limited, together with its subsidiaries, operates as an information technology solutions provider that specializes in cloud and cognitive services in the United States, India, Europe, the Middle East, Africa, and internationally. It operates through Banking and Financial Services; Logistics and Transportation; Technology Media and Telecom; Insurance; and Others segments. The company offers application, blockchain, business process, cognitive, cyber security, DevOps, AI, digital, enterprise automation, experience design, infrastructure, modernization, data, IT operations, product engineering, salesforce consulting, and cloud; governance, risk, and compliance; and platform and protocols services under the Mphasis XaaP. It serves the banking and capital markets comprising asset management, corporate and investment banking, retail banking, wealth management and brokerage, and mortgage industries; and insurance, payment, financial supply chain, hospitality, travel and transportation, healthcare, life sciences, oil and gas, public, hi-tech, communications, energy and utilities, logistics, and manufacturing sectors. Mphasis Limited was incorporated in 1992 and is based in Bengaluru, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Mphasis Limited reported revenue of ₹159B in FY2026 versus ₹120B in FY2022, a compound +7.3%/yr. Reported net income was ₹18.6B in FY2026, compounding +6.8%/yr from FY2022.

Growth Quality 78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹159B
Latest YoY
+11.6%
Avg. growth/yr (3Y)
+4.8%
Avg. growth/yr (5Y)
+10.3%
Avg. growth/yr (22Y)
+16.2%
Revenue +7.3%/yr
FY22 ₹120B
FY23 ₹138B
FY24 ₹133B
FY25 ₹142B
FY26 ₹159B
Net income +6.8%/yr
FY22 ₹14.3B
FY23 ₹16.4B
FY24 ₹15.5B
FY25 ₹17.0B
FY26 ₹18.6B

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Cite: Fair Value Calculator (2026). "Mphasis Limited Fair Value". https://www.fairvalue-calculator.com/stock/MPHASIS

Peer Group

Information Technology Services · 480 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Above median
Fair Value upside +42% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 2.7% · Above median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 23.8× · Pricier than median
P/B 4.25× · Pricier than 75% of peers
P/S (TTM) 2.87× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 16.0× · Pricier than 75% of peers
PEG 2.40× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 89 · sector 20
FUTURE 72 · sector 29
PAST 73 · sector 36
HEALTH 100 · sector 97
DIVIDEND 55 · sector 37

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Mphasis Limited (MPHASIS) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of ₹3,514 versus a price of ₹2,475, about +42% (undervalued).
What is the fair value of MPHASIS?
Our model-based fair value for Mphasis Limited is ₹3,514 (as of Jul 16, 2026), built from audited fundamentals. The current price is ₹2,475.
What is the quality score of MPHASIS?
Mphasis Limited has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Mphasis Limited (MPHASIS)?
Mphasis Limited reported trailing-twelve-month revenue of about ₹159B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of MPHASIS?
The net profit margin of Mphasis Limited is about 11.7%, meaning it keeps roughly 11.7% of revenue as net income. Based on the latest reported figures.
Does Mphasis Limited pay a dividend?
Mphasis Limited currently shows a dividend yield of about 2.68% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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