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MphasiS Limited (MPHASIS) Fair Value & Analysis

Technology · IN · Market cap ₹456B

ML MphasiS Limited MPHASIS · NSE
Price₹2,430
Fair Value₹2,227
Upside-8.3%
Quality59/100
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Strengths

Solidly profitable · 11.7% net margin
Low debt · generates free cash flow
Ranks above peers (9/15)

Risks

!Mixed Growth
!Moderate moat 60/100
!Weak on valuation: 17 out of 100
Mixed Growth
Solidly profitable · 11.7% net margin
Low debt · generates free cash flow
2.74% dividend yield
Ranks above peers (9/15)
Moderate moat 60/100
Evidence: High Range ₹1,181 – ₹3,416 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 8 days ago

Fair value updated Aug 13, 2026, revised from ₹1,952 to ₹2,227 (+14.1%) since Jul 16, 2026. Share price +6.9% over the past month.

A solid business, currently priced close to our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The model range is unusually wide (₹1,181 to ₹3,416). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

₹3,161 ₹1,519 Fair Value ₹2,227 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹1,519 – ₹3,161 · fair‑value band ₹1,181 – ₹3,416 · the ₹2,430 price screens above the ₹2,227 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

MphasiS Limited (MPHASIS) currently trades at ₹2,430, while our model-based Fair Value estimate is ₹2,227, implying the stock looks roughly 8.3% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

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 Aug 13, 2026

Our scenario range runs from ₹1,181 (bear case) to ₹3,416 (bull case); at ₹2,430, 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 20% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at -8%, MPHASIS screens richer 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. 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 ₹1,633 ₹3,074 ₹4,899 41
5Y P/E Exit ₹1,594 ₹2,994 ₹4,605 38
10Y Revenue Exit ₹919.40 ₹1,713 ₹2,952 36
10Y EBITDA Exit ₹1,335 ₹2,558 ₹4,460 37
10Y P/E Exit ₹1,309 ₹2,499 ₹4,210 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 ₹2,050 ₹2,733 ₹3,416 63
P/S Multiple ₹1,245 ₹1,659 ₹2,074 58
P/B Multiple ₹1,245 ₹1,659 ₹2,074 55
EV/EBIT ₹2,382 ₹3,146 ₹3,909 53
EV/EBITDA ₹2,203 ₹2,906 ₹3,610 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 ₹1,502 ₹2,146 ₹2,789 68

Widest divergence: DCF Models (₹2,499) versus Asset-Based (₹377.24). Highest evidence: Growth DCF (80).

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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 24.2
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 Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 50

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 33
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) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.3%
Avg. growth/yr (22Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+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
Character of growth · EPS growth decomposed (2015-2026) +11.6 % p.a.
Revenue per share +11.5 pp

of which total revenue +10.3 pp · buybacks/dilution +1.2 pp

EBIT margin +1.3 pp
Tax rate +0.5 pp
Residual (interest, one-offs) −1.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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

Peer Group

Information Technology Services · 489 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 −12% · Below median
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) 2.6% · Above median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 24.2× · 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 median
PEG 2.40× · Pricier than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE17 · sector 34
FUTURE72 · sector 30
PAST73 · sector 35
HEALTH100 · sector 97
DIVIDEND51 · sector 35

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

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.98 $175.76 -26%
Tata Consultancy Services Limited TCS ₹2,302 ₹3,473 +51%
Infosys Limited INFY ₹1,115 ₹2,006 +80%
HCL Technologies Limited HCLTECH ₹1,365 ₹1,722 +26%
Wipro Limited WIPRO ₹183.94 ₹314.26 +71%
Tech Mahindra Limited TECHM ₹1,625 ₹1,521 -6%
Samsung SDS Co 018260 235,500 KRW 235,321 KRW -0%
Coforge Limited COFORGE ₹1,815 ₹983.97 -46%
Persistent Systems Limited PERSISTENT ₹5,474 ₹3,259 -40%
Hyundai Autoever Corporation 307950 433,000 KRW 186,323 KRW -57%

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Frequently asked questions

Is MphasiS Limited (MPHASIS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹2,227 versus a price of ₹2,430, about −8% (fairly valued).
What is the fair value of MPHASIS?
Our model-based fair value for MphasiS Limited is ₹2,227 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹2,430.
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 Aug 13, 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 Aug 13, 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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