# Mphasis share price today (Mphasis Ltd, NSE: MPHASIS)

> Mphasis share price today: ₹2,535.30 at the NSE close on 3 November 2026, down 8.3% in a year. Mphasis (NSE: MPHASIS) is worth ₹48,404 crore, trades at a P/E of 25.0 and has closed between ₹2,083.20 and ₹2,953.60 over the past 52 weeks. > Mphasis Ltd's earnings have grown faster than its share price. Earnings per share grew +9.0% in a year while the price moved −8.3%. MPHASIS · IT - Software · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/mphasis-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹2,535.30 (−8.3% in a year)
- P/E: 25.0× (higher than 58% of the last 11 years)
- Revenue (Jun 2026): ₹4,384 Cr (+17.5% on a year ago)
- Profit (Jun 2026): ₹490 Cr (+10.9% on a year ago)
- Operating margin: 18.0% (−1.0 points on a year ago)
- ROCE: 22%, FY26
- ROIC: 17.6%, against a 12.0% cost of capital: +5.6 points

The main question: promoters moved −9.8 percentage points over 8 quarters while the business went the other way. ## What is the Mphasis share price today? Mphasis Ltd's share price was ₹2,535.30 at the close on 3 November 2026. It has been falling for 36 weeks. That is 4.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2,083 and ₹2,954, and at that close it sat 52% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row. Over the last 11 years the share price moved +466% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Mphasis this quarter? Three changes stood out: promoters cut their stake for 4 quarters in a row, revenue up on a year earlier for 10 quarters in a row and profit up on a year earlier for 9 quarters in a row. 1. Promoters cut their stake for 4 quarters in a row From 40.1% to 30.5% of the company by the September 2026 quarter. 2. Revenue up on a year earlier for 10 quarters in a row In the June 2026 quarter revenue was ₹4,384 crore, +17.5% on a year earlier. Why: Revenue rose because recent deal wins started bringing in money, especially in technology and telecom. Next results: check whether the next quarter's growth is the best in three years and whether the record set of possible deals turns into sales. From the earnings call on 24 Jul 2026. 3. Profit up on a year earlier for 9 quarters in a row In the June 2026 quarter profit was ₹490 crore, +10.9% on a year earlier. Why: Profit rose because recent deal wins started bringing in money, especially in technology and telecom. Next results: check whether margins start to recover as staff get busier and the cost of bought contracts eases. From the earnings call on 24 Jul 2026. ## What are Mphasis' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Mphasis reported revenue of ₹4,384 crore, up 17.5% from ₹3,732 crore a year earlier, and a profit of ₹490 crore, up 10.9% from ₹442 crore. ### Mphasis results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹4,384 crore | ₹3,732 crore | +17.5% |
| Profit | ₹490 crore | ₹442 crore | +10.9% |
| Earnings per share | ₹25.65 | ₹23.22 | +10.5% |
| Operating margin | 18.0% | 19.0% | −1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Mphasis' management discussed these results on a call held on 24 July 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Mphasis share price history? Mphasis closed at ₹2,535.30 on 3 November 2026, down 8.3% from ₹2,764.40 a year earlier (31 October 2025) and down 23.6% over five years. Its highest weekly close since March 2016 was ₹3,396.70 on 31 December 2021. ### Mphasis share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹2,480.00 | +2.2% |
| 1 month ago · 1 Oct 2026 | ₹2,250.20 | +12.7% |
| 6 months ago · 30 Apr 2026 | ₹2,276.70 | +11.4% |
| 1 year ago · 31 Oct 2025 | ₹2,764.40 | −8.3% |
| 3 years ago · 3 Nov 2023 | ₹2,210.20 | +14.7% |
| 5 years ago · 4 Nov 2021 | ₹3,316.60 | −23.6% |
| 10 years ago · 4 Nov 2016 | ₹509.40 | +397.7% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹448.15 | +465.7% |
| Highest weekly close since March 2016 · 31 Dec 2021 | ₹3,396.70 | −25.4% |
| 52-week high (weekly close) · 5 Dec 2025 | ₹2,953.60 | −14.2% |
| 52-week low (weekly close) · 15 May 2026 | ₹2,083.20 | +21.7% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Mphasis? 3 Nov 2026: Mphasis closed at ₹2,535.30, up 2.2% on the week and up 12.7% on the month. 24 Jul 2026: Mphasis held its results call for April to June 2026. Management guided: Q2 constant-currency growth to be the best sequential performance delivered in 3 years. ### Earlier

- 8 Jul 2026: ex-date for a dividend of ₹62 a share. - Results for April to June 2026: Revenue up 17.5% and profit up 10.9% on a year earlier. ## What dividend does Mphasis pay? Mphasis paid ₹62 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 2.45% at the ₹2,535.30 close on 3 November 2026. The last was a dividend of ₹62 a share, ex-date 8 July 2026. ### Mphasis dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 8 Jul 2026 | ₹62 | Dividend |
| 9 Jul 2025 | ₹57 | Dividend |
| 10 Jul 2024 | ₹55 | Dividend |
| 5 Jul 2023 | ₹50 | Dividend |
| 5 Jul 2022 | ₹46 | Dividend |
| 13 Sep 2021 | ₹65 | Dividend + Special |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Mphasis Ltd paid out 64% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Mphasis management say on the latest results call? On the call for April to June 2026, held on 24 July 2026, Mphasis' management guided: Q2 constant-currency growth to be the best sequential performance delivered in 3 years. > “FY27 is the year where the platform-first thesis begins to show up in the growth trajectory, not just in pipeline metrics”
> Nitin Rakesh, on the call for April to June 2026

### What management guided

- FY27 constant-currency growth to remain in the high single-digit to low double-digit range. - FY27 EBIT margin to remain within 14.8-15.8%. - FY27 operating cash-flow conversion to remain at 80.0% and above. - DSO to progressively improve through the remainder of FY27. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/2869/Conference Call/CC-Jul26.pdf). (From the call for April to June 2026, 24 July 2026.)

## What to watch in Mphasis' next results? When Mphasis reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Q2 constant-currency sequential growth should be the best Mphasis has delivered in 3 years, testing whether the record pipeline is converting into the guided acceleration. - What to check (from the call)
- Q2 constant-currency sequential growth should be the best Mphasis has delivered in 3 years, testing whether the record pipeline is converting into the guided acceleration. - Redux customer-contract consolidation should begin by late August or early September, with only a partial Q2 contribution and no quantified revenue disclosure. - DSO should improve from 95 days and operating cash-flow conversion should remain on track toward the FY27 goal of 80.0% or above. ## Which stock lists is Mphasis on? Mphasis is on 5 of our India lists: Momentum stocks, Dividend stocks, Small & mid cap stocks, AI & data centre stocks and IT stocks. - [Momentum stocks Market cap cr: 48953.51449160596](https://www.sectoralpha.in/momentum-stocks-india)
- [Dividend stocks Regular dividend yield (%): 2.42](https://www.sectoralpha.in/dividend-stocks-india)
- [Small & mid cap stocks Size rank in India: 194](https://www.sectoralpha.in/small-cap-stocks-india)
- [AI & data centre stocks Group on the list: AI services revenue](https://www.sectoralpha.in/ai-stocks-india)
- [IT stocks Market value (₹ crore): 48953.51449160596](https://www.sectoralpha.in/sectors/it-stocks-india)

## Is Mphasis profitable? Mphasis Ltd earned ₹490 Cr of net profit in the Jun 2026 quarter, +10.9% on the same quarter a year earlier. That is the 9th quarter in a row of profit growth. Full-year FY26 profit was ₹1,863 Cr. Over 10 years profit has grown 11.4% a year on average. That is 11.2% of the quarter's revenue. The same quarter a year earlier earned ₹442 Cr. For the full year, FY26 profit was ₹1,863 Cr (+9.5% on the year before). Why profit moved: revenue changed +17.5% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +9.8% and revenue +13.7%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Mphasis make, and is it growing? Mphasis Ltd reported ₹4,384 Cr of revenue in the Jun 2026 quarter, +17.5% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 10 years it has grown 10.1% a year on average. The last full year, FY26, came in at ₹15,880 Cr. The last four reported quarters add to ₹16,532 Cr. FY26 revenue was ₹15,880 Cr, +11.6% on the year before. Recent pace: the last four quarters grew +13.7% on average, against 10.1% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +13.7%, against +10.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +9.9%, against +10.5% a year (stabilising). ## How much of every ₹100 of sales does Mphasis keep? Mphasis Ltd's operating margin was 18.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 14.0% and 19.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −0.7 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Mphasis' profit turning into cash? Over the last 3 years, 104% of Mphasis Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,253 Cr of operating cash against ₹1,863 Cr of profit. After ₹1,209 Cr of spending on assets, ₹44.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 104% of profit came in as cash: the cash cycle got 61 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 2.6× depreciation over three years. The next section checks what that spending is building. ## Where does Mphasis' cash go? Mphasis Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 96 days in FY26, up from 35 days in FY21. It spent ₹3,784 Cr on assets over the last 3 years. At FY26 sales of ₹15,880 Cr, each day of that cycle ties up about ₹43.5 Cr, so roughly ₹4,177 Cr is tied up in the business at any time. Spending on assets: ₹3,784 Cr over the last 3 years, against ₹1,441 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Mphasis' P/E ratio, and how does it compare with its own history? Mphasis Ltd's P/E is 25.0×, in the middle of its own history: higher than 58% of past readings. Its usual P/E (the middle reading) is 23.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹100.22. Why the multiple is where it is: over the past year earnings per share moved +9.0% while the price moved −8.3%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −5.2% a year; about +7.5% a year came from earnings growth and about −12.7 percentage points from the multiple (the market paying less); over 10 years the price moved +17.4% a year; about +10.8% a year came from earnings growth and about +6.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Mphasis business getting better or worse? Mphasis Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 24.0%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Mphasis earn on its capital? Mphasis Ltd earned a ROCE of 22% in FY26. That is up from a low of 15% in FY16. Its return on capital used (ROIC) is 5.6 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 11.7% net margin and 0.90× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 11.7% net margin × 0.90× asset turnover × 1.64× leverage (assets divided by equity) ≈ 17.3% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 17.6% − 12.0% = +5.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 17.6% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 19.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Mphasis have too much debt? Mphasis Ltd has total debt of ₹2,798 Cr against shareholder equity of ₹11,339 Cr as of Jun 2026, so its debt is 0.25× its equity, which is very little. Year by year, that ratio went from 0.18 in FY22 to 0.24 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Mphasis shareholding pattern? Promoters cut their stake in Mphasis Ltd by 9.8 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 30.5% of the company. Domestic institutions moved +9.0 points over the same period, to 45.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −9.8 points over 8 quarters, to 30.5%; Domestic institutions: +9.0 points over 8 quarters, to 45.9%; Foreign institutions: +1.1 points over 8 quarters, to 19.4%. Why the owners changed: promoters drove it (−9.8 points), with the other side taken by domestic institutions (+9.0 points). They reduced their stake. ## How far is Mphasis from balance-sheet trouble? For Mphasis Ltd, the Z-score is 6.52. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 6.52 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Mphasis rank in its industry? 50.4 out of 100, rank 35 of 69 in IT - Software, with 81% of the evidence available. Mphasis Ltd scores 50.4 out of 100 against the 69 companies it is compared with in IT - Software, ranking 35. A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. The four parts add up to the total exactly: 16.6 + 16.9 + 5.7 + 11.2 = 50.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Mphasis compared with? Mphasis ranks 35 of 69 IT - Software companies on the 4-Factor Sector Score, with 50.4 out of 100. 1. [Coforge Ltd](https://www.sectoralpha.in/stocks/coforge-ltd) COFORGE · leader · Most evidence points up · 100% evidence 69.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Revenue 41.5% · Profit 56.3% · Operating margin change 1 points · 100% evidence Capital efficiency 16.5/25 · ROCE 23.5% · Operating margin 20% · 100% evidence Valuation 11.3/20 · P/E 41.7× · PEG 0.57 · 100% evidence Relative strength 18.5/20 · Lead over its industry 24.5% · Lead over NIFTY 500 35.5% · 1 year 15% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.4 + 16.5 + 11.3 + 18.5 = 69.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Expleo Solutions Ltd](https://www.sectoralpha.in/stocks/expleo-solutions-ltd) EXPLEOSOL · breaking out · Most evidence points up · 81% evidence 68.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 10.4% · Profit 39.4% · Operating margin change 4 points · 88% evidence Capital efficiency 15.4/25 · ROCE 24.2% · Operating margin 15% · 100% evidence Valuation 18.7/20 · P/E 8.5× · PEG 0.33 · 100% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.7% · 1 year -20.7% · 25% evidence · 8 of 12 weeks ahead Exact sum: 24.6 + 15.4 + 18.7 + 9.6 = 68.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Cigniti Technologies Ltd](https://www.sectoralpha.in/stocks/cigniti-technologies-ltd) CIGNITITEC · Too little evidence to rank firmly · 55% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.8/43.75 · Revenue 14% · Profit 96.1% · Operating margin change 2 points · 47% evidence Capital efficiency 20.9/31.25 · ROCE 34.1% · Operating margin 18% · 75% evidence Valuation 19.5/25 · P/E 11.4× · PEG 0.74 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 27.8 + 20.9 + 19.5 = 68.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Metalic Technoforge Ltd](https://www.sectoralpha.in/stocks/metalic-technoforge-ltd) META · turning · Too little evidence to rank firmly · 51% evidence 67.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.8/43.75 · Revenue 100% · Profit 100% · Operating margin change 0 points · 83% evidence Capital efficiency 20.2/31.25 · ROCE 44% · Operating margin 11% · 76% evidence Valuation 14.3/25 · P/E 6.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 32.8 + 20.2 + 14.3 = 67.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [Sahana Systems Ltd](https://www.sectoralpha.in/stocks/sahana-systems-ltd) SAHANA · leader · Too little evidence to rank firmly · 54% evidence 66.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue 100% · Profit 100% · Operating margin change -3 points · 27% evidence Capital efficiency 18.4/25 · ROCE 39.8% · Operating margin 29% · 57% evidence Valuation 12.0/20 · P/E 14.5× · PEG n/a · 50% evidence Relative strength 17.2/20 · Lead over its industry 12.3% · Lead over NIFTY 500 22.7% · 1 year 5.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.4 + 18.4 + 12 + 17.2 = 66 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Silver Touch Technologies Ltd](https://www.sectoralpha.in/stocks/silver-touch-technologies-ltd) SILVERTUC · quiet · Most evidence points up · 100% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.9/35 · Revenue 21.7% · Profit 88% · Operating margin change 5 points · 100% evidence Capital efficiency 21.3/25 · ROCE 29.8% · Operating margin 21% · 100% evidence Valuation 11.2/20 · P/E 31.6× · PEG 1.11 · 100% evidence Relative strength 3.0/20 · Lead over its industry -21.7% · Lead over NIFTY 500 -13.9% · 1 year 52.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 29.9 + 21.3 + 11.2 + 3 = 65.4 · What this means: Earnings are strong; relative strength in its sector is -21.7% and the one-year return is 52.9%. 7. [NINtec Systems Ltd](https://www.sectoralpha.in/stocks/nintec-systems-ltd) NINSYS · turning · Most evidence points up · 93% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 18.8% · Profit 23.3% · Operating margin change 2 points · 100% evidence Capital efficiency 22.4/25 · ROCE 54% · Operating margin 27% · 100% evidence Valuation 6.6/20 · P/E 48.1× · PEG 2.08 · 65% evidence Relative strength 18.2/20 · Lead over its industry 57.5% · Lead over NIFTY 500 70.4% · 1 year 113.7% · 100% evidence · 4 of 12 weeks ahead Exact sum: 18.2 + 22.4 + 6.6 + 18.2 = 65.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Unified Data- Tech Solutions Ltd](https://www.sectoralpha.in/stocks/unified-data-tech-solutions-ltd) breaking out · Too little evidence to rank firmly · 56% evidence 63.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue n/a · Profit n/a · Operating margin change 2 points · 26% evidence Capital efficiency 18.4/25 · ROCE 34.1% · Operating margin 15% · 95% evidence Valuation 10.2/20 · P/E 17.3× · PEG n/a · 15% evidence Relative strength 17.8/20 · Lead over its industry 11.5% · Lead over NIFTY 500 22% · 1 year -7.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 17 + 18.4 + 10.2 + 17.8 = 63.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [ASM Technologies Ltd](https://www.sectoralpha.in/stocks/asm-technologies-ltd) leader · Evidence leans up · 61% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 67.8% · Profit 89.5% · Operating margin change 2 points · 83% evidence Capital efficiency 16.0/25 · ROCE 27% · Operating margin 23% · 95% evidence Valuation 8.7/20 · P/E 124× · PEG n/a · 15% evidence Relative strength 12.3/20 · Lead over its industry n/a · Lead over NIFTY 500 66.2% · 1 year 78.6% · 25% evidence · 12 of 12 weeks ahead Exact sum: 26.1 + 16 + 8.7 + 12.3 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Tanla Platforms Ltd](https://www.sectoralpha.in/stocks/tanla-platforms-ltd) TANLA · turning · Evidence leans up · 85% evidence 62.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 17.7% · Profit 15.4% · Operating margin change 0 points · 100% evidence Capital efficiency 18.4/25 · ROCE 26.3% · Operating margin 16% · 100% evidence Valuation 14.0/20 · P/E 15× · PEG 1.07 · 100% evidence Relative strength 11.7/20 · Lead over its industry n/a · Lead over NIFTY 500 26.7% · 1 year 2.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 18.7 + 18.4 + 14 + 11.7 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [String Metaverse Ltd](https://www.sectoralpha.in/stocks/string-metaverse-ltd) breaking out · Evidence leans up · 83% evidence 62.5 out of 100 Growth Capital Valuation Relative
12. [Tech Mahindra Ltd](https://www.sectoralpha.in/stocks/tech-mahindra-ltd) TECHM · leader · Evidence leans up · 85% evidence 62.1 out of 100 Growth Capital Valuation Relative
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21. [RNIT AI Solutions Ltd](https://www.sectoralpha.in/stocks/rnit-ai-solutions-ltd) AUTOPALIND · breaking out · Evidence leans up · 69% evidence 59.1 out of 100 Growth Capital Valuation Relative
22. [Danlaw Technologies India Ltd](https://www.sectoralpha.in/stocks/danlaw-technologies-india-ltd) breaking out · Evidence leans up · 68% evidence 58.8 out of 100 Growth Capital Valuation Relative
23. [Softtech Engineers Ltd](https://www.sectoralpha.in/stocks/softtech-engineers-ltd) SOFTTECH · breaking out · Evidence leans up · 79% evidence 58.3 out of 100 Growth Capital Valuation Relative
24. [R Systems International Ltd](https://www.sectoralpha.in/stocks/r-systems-international-ltd) RSYSTEMS · losing its lead · Evidence leans up · 96% evidence 57.1 out of 100 Growth Capital Valuation Relative
25. [HCL Technologies Ltd](https://www.sectoralpha.in/stocks/hcl-technologies-ltd) HCLTECH · leader · Evidence leans up · 82% evidence 56.7 out of 100 Growth Capital Valuation Relative
26. [Datamatics Global Services Ltd](https://www.sectoralpha.in/stocks/datamatics-global-services-ltd) DATAMATICS · quiet · Evidence leans up · 81% evidence 55.8 out of 100 Growth Capital Valuation Relative
27. [Wipro Ltd](https://www.sectoralpha.in/stocks/wipro-ltd) WIPRO · turning · Evidence leans up · 100% evidence 55.4 out of 100 Growth Capital Valuation Relative
28. [Subex Ltd](https://www.sectoralpha.in/stocks/subex-ltd) SUBEXLTD · breaking out · Evidence leans up · 64% evidence 54.2 out of 100 Growth Capital Valuation Relative
29. [Ksolves India Ltd](https://www.sectoralpha.in/stocks/ksolves-india-ltd) KSOLVES · quiet · Evidence leans up · 100% evidence 52.8 out of 100 Growth Capital Valuation Relative
30. [Capillary Technologies India Ltd](https://www.sectoralpha.in/stocks/capillary-technologies-india-ltd) CAPILLARY · breaking out · Too little evidence to rank firmly · 59% evidence 52.6 out of 100 Growth Capital Valuation Relative
31. [LTM Ltd](https://www.sectoralpha.in/stocks/ltm-ltd) LTM · losing its lead · Evidence leans up · 100% evidence 51.2 out of 100 Growth Capital Valuation Relative
32. [TechNVision Ventures Ltd](https://www.sectoralpha.in/stocks/technvision-ventures-ltd) TECHNVISN · quiet · Evidence leans up · 64% evidence 51.2 out of 100 Growth Capital Valuation Relative
33. [Saksoft Ltd](https://www.sectoralpha.in/stocks/saksoft-ltd) SAKSOFT · basing · Evidence leans up · 96% evidence 50.9 out of 100 Growth Capital Valuation Relative
34. [BLS E-Services Ltd](https://www.sectoralpha.in/stocks/bls-e-services-ltd) BLSE · leader · Evidence leans up · 78% evidence 50.5 out of 100 Growth Capital Valuation Relative
35. Mphasis Ltd this page MPHASIS · breaking out · Evidence leans up · 81% evidence 50.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 13.7% · Profit 9.9% · Operating margin change -1 points · 88% evidence Capital efficiency 16.9/25 · ROCE 22.1% · Operating margin 18% · 100% evidence Valuation 5.7/20 · P/E 24.9× · PEG 2.2 · 100% evidence Relative strength 11.2/20 · Lead over its industry n/a · Lead over NIFTY 500 8.3% · 1 year -8.6% · 25% evidence · 6 of 12 weeks ahead Exact sum: 16.6 + 16.9 + 5.7 + 11.2 = 50.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 36. [Excelsoft Technologies Ltd](https://www.sectoralpha.in/stocks/excelsoft-technologies-ltd) EXCELSOFT · breaking out · Too little evidence to rank firmly · 59% evidence 50.3 out of 100 Growth Capital Valuation Relative
37. [Blue Cloud Softech Solutions Ltd](https://www.sectoralpha.in/stocks/blue-cloud-softech-solutions-ltd) BLUECLOUDS · turning · Evidence leans down · 64% evidence 49.9 out of 100 Growth Capital Valuation Relative
38. [ACS Technologies Ltd](https://www.sectoralpha.in/stocks/acs-technologies-ltd) ACSTECH · Evidence leans down · 74% evidence 49.5 out of 100 Growth Capital Valuation Relative
39. [Magellanic Cloud Ltd](https://www.sectoralpha.in/stocks/magellanic-cloud-ltd) MCLOUD · basing · Evidence leans down · 81% evidence 49.2 out of 100 Growth Capital Valuation Relative
40. [Dynacons Systems & Solutions Ltd](https://www.sectoralpha.in/stocks/dynacons-systems-solutions-ltd) DSSL · quiet · Evidence leans down · 96% evidence 48.6 out of 100 Growth Capital Valuation Relative
41. [IZMO Ltd](https://www.sectoralpha.in/stocks/izmo-ltd) IZMO · quiet · Evidence leans down · 81% evidence 48.0 out of 100 Growth Capital Valuation Relative
42. [Mastek Ltd](https://www.sectoralpha.in/stocks/mastek-ltd) MASTEK · quiet · Evidence leans down · 100% evidence 47.1 out of 100 Growth Capital Valuation Relative
43. [Sonata Software Ltd](https://www.sectoralpha.in/stocks/sonata-software-ltd) SONATSOFTW · quiet · Evidence leans down · 96% evidence 46.9 out of 100 Growth Capital Valuation Relative
44. [AvenuesAI Ltd](https://www.sectoralpha.in/stocks/avenuesai-ltd) CCAVENUE · quiet · Evidence leans down · 89% evidence 44.8 out of 100 Growth Capital Valuation Relative
45. [Unicommerce eSolutions Ltd](https://www.sectoralpha.in/stocks/unicommerce-esolutions-ltd) UNIECOM · turning · Evidence leans down · 78% evidence 44.6 out of 100 Growth Capital Valuation Relative
46. [Hexaware Technologies Ltd](https://www.sectoralpha.in/stocks/hexaware-technologies-ltd) HEXT · basing · Evidence leans down · 85% evidence 42.0 out of 100 Growth Capital Valuation Relative
47. [Allied Digital Services Ltd](https://www.sectoralpha.in/stocks/allied-digital-services-ltd) ADSL · basing · Evidence leans down · 74% evidence 41.1 out of 100 Growth Capital Valuation Relative
48. [Hypersoft Technologies Ltd](https://www.sectoralpha.in/stocks/hypersoft-technologies-ltd) quiet · Evidence leans down · 80% evidence 40.9 out of 100 Growth Capital Valuation Relative
49. [Kellton Tech Solutions Ltd](https://www.sectoralpha.in/stocks/kellton-tech-solutions-ltd) KELLTONTEC · quiet · Evidence leans down · 96% evidence 39.0 out of 100 Growth Capital Valuation Relative
50. [3i Infotech Ltd](https://www.sectoralpha.in/stocks/3i-infotech-ltd) 3IINFOLTD · Too little evidence to rank firmly · 58% evidence 38.9 out of 100 Growth Capital Valuation Relative
51. [Innovana Thinklabs Ltd](https://www.sectoralpha.in/stocks/innovana-thinklabs-ltd) INNOVANA · basing · Evidence leans down · 81% evidence 37.6 out of 100 Growth Capital Valuation Relative
52. [Mindteck (India) Ltd](https://www.sectoralpha.in/stocks/mindteck-indialtd) MINDTECK · Most evidence points down · 76% evidence 32.8 out of 100 Growth Capital Valuation Relative
53. [Aurionpro Solutions Ltd](https://www.sectoralpha.in/stocks/aurionpro-solutions-ltd) AURIONPRO · basing · Most evidence points down · 93% evidence 29.7 out of 100 Growth Capital Valuation Relative
54. [Moschip Technologies Ltd](https://www.sectoralpha.in/stocks/moschip-technologies-ltd) MOSCHIP · quiet · Most evidence points down · 65% evidence 26.1 out of 100 Growth Capital Valuation Relative
55. [Quick Heal Technologies Ltd](https://www.sectoralpha.in/stocks/quick-heal-technologies-ltd) QUICKHEAL · turning · Most evidence points down · 80% evidence 22.9 out of 100 Growth Capital Valuation Relative
56. Orient Technologies Ltd ORIENTTECH · quiet · Most evidence points down · 76% evidence 21.2 out of 100 Growth Capital Valuation Relative
57. [Covance Softsol Ltd](https://www.sectoralpha.in/stocks/covance-softsol-ltd) Too little evidence to rank firmly · 31% evidence 62.9 out of 100 Growth Capital Valuation Relative
58. [Exato Technologies Ltd](https://www.sectoralpha.in/stocks/exato-technologies-ltd) losing its lead · Too little evidence to rank firmly · 43% evidence 59.3 out of 100 Growth Capital Valuation Relative
59. [TAC Infosec Ltd](https://www.sectoralpha.in/stocks/tac-infosec-ltd) TAC · quiet · Too little evidence to rank firmly · 48% evidence 58.5 out of 100 Growth Capital Valuation Relative
60. [Veefin Solutions Ltd](https://www.sectoralpha.in/stocks/veefin-solutions-ltd) VEEFIN · basing · Too little evidence to rank firmly · 43% evidence 54.2 out of 100 Growth Capital Valuation Relative
61. [Kody Technolab Ltd](https://www.sectoralpha.in/stocks/kody-technolab-ltd) KODYTECH · leader · Too little evidence to rank firmly · 35% evidence 53.5 out of 100 Growth Capital Valuation Relative
62. [Optivalue Tek Consulting Ltd](https://www.sectoralpha.in/stocks/optivalue-tek-consulting-ltd) OPTIVALUE · Too little evidence to rank firmly · 32% evidence 51.4 out of 100 Growth Capital Valuation Relative
63. [Workmates Core2cloud Solution Ltd](https://www.sectoralpha.in/stocks/workmates-core2cloud-solution-ltd) Too little evidence to rank firmly · 26% evidence 50.7 out of 100 Growth Capital Valuation Relative
64. [Trident Techlabs Ltd](https://www.sectoralpha.in/stocks/trident-techlabs-ltd) TECHLABS · Too little evidence to rank firmly · 27% evidence 47.6 out of 100 Growth Capital Valuation Relative
65. [ERP Soft Systems Ltd](https://www.sectoralpha.in/stocks/erp-soft-systems-ltd) Too little evidence to rank firmly · 36% evidence 46.7 out of 100 Growth Capital Valuation Relative
66. [Sancode Technologies Ltd](https://www.sectoralpha.in/stocks/sancode-technologies-ltd) Too little evidence to rank firmly · 35% evidence 46.6 out of 100 Growth Capital Valuation Relative
67. [63 Moons Technologies Ltd](https://www.sectoralpha.in/stocks/63-moons-technologies-ltd) 63MOONS · leader · Too little evidence to rank firmly · 46% evidence 45.6 out of 100 Growth Capital Valuation Relative
68. [XT Global Infotech Ltd](https://www.sectoralpha.in/stocks/xt-global-infotech-ltd) XTGLOBAL · Too little evidence to rank firmly · 40% evidence 45.4 out of 100 Growth Capital Valuation Relative
69. [IDream Film Infrastructure Company Ltd](https://www.sectoralpha.in/stocks/idream-film-infrastructure-company-ltd) quiet · Too little evidence to rank firmly · 42% evidence 34.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [IT - Software](https://www.sectoralpha.in/sectors/it-software), all 69 compared on one page. ## Which companies are close to Mphasis in size? Mphasis is the 8th largest of 68 IT - Software companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Tech Mahindra, LTM and Coforge. Just below it: Hexaware Technologies, IDream Film Infrastructure Company and Zensar Technologies. ### IT - Software companies close in size

1. [Tech Mahindra Ltd](https://www.sectoralpha.in/stocks/tech-mahindra-ltd) ₹1,75,535 crore
2. [LTM Ltd](https://www.sectoralpha.in/stocks/ltm-ltd) ₹1,25,583 crore
3. [Coforge Ltd](https://www.sectoralpha.in/stocks/coforge-ltd) ₹90,606 crore
4. Mphasis Ltd ₹48,226 crore
5. [Hexaware Technologies Ltd](https://www.sectoralpha.in/stocks/hexaware-technologies-ltd) ₹30,661 crore
6. [IDream Film Infrastructure Company Ltd](https://www.sectoralpha.in/stocks/idream-film-infrastructure-company-ltd) ₹12,644 crore
7. [Zensar Technologies Ltd](https://www.sectoralpha.in/stocks/zensar-technologies-ltd) ₹12,196 crore

[All 68 IT - Software companies, largest first](https://www.sectoralpha.in/sectors/it-software#all-companies)

### Companies close in size in other industries

1. [Swiggy Ltd](https://www.sectoralpha.in/stocks/swiggy-ltd) ₹48,747 crore · E-Commerce - Platform - Food
2. [Knowledge Realty Trust](https://www.sectoralpha.in/stocks/knowledge-realty-trust) ₹48,468 crore · Infra/Real Estate Investment Trust
3. Mphasis Ltd ₹48,226 crore
4. [Linde India Ltd](https://www.sectoralpha.in/stocks/linde-india-ltd) ₹48,196 crore · Industrial Gas
5. [Tata Communications Ltd](https://www.sectoralpha.in/stocks/tata-communications-ltd) ₹47,763 crore · Telecom Services

## What else do people ask about Mphasis? ### What is Mphasis's share price today? Mphasis Ltd's share price is ₹2,535.30, −8.3% over the past year. The whole company is worth ₹48,404 Cr on the market. In the last 52 weeks it traded between ₹2,083 to ₹2,954; today it is 52% of the way up from the low, 4.8% above its 200-day average (as of 3 November 2026). ### What were Mphasis's latest quarterly results? Mphasis Ltd reported revenue of ₹4,384 Cr and net profit of ₹490 Cr for the Jun 2026 quarter. Revenue rose 17.5% and profit rose 10.9% compared with a year earlier. Earnings per share were ₹25.65. The operating margin was 18.0%, 1.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Mphasis's market cap? Mphasis Ltd's market capitalisation is ₹48,404 Cr at a share price of ₹2,535.30. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Mphasis performing? Mphasis Ltd's share price has been falling for 36 weeks. In its latest quarter, revenue rose 17.5% and profit rose 10.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will Mphasis's share price go up? This page does not forecast Mphasis Ltd's share price. What it shows instead: the share price is ₹2,535.30, and it has been falling for 36 weeks. Its P/E of 25.0× is higher than 58% of its own last 11 years (as of 3 November 2026). ### Who owns Mphasis? Promoters own 30.5% of Mphasis Ltd, foreign institutions 19.4%, domestic institutions 45.9% and the public 4.2% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 9.8 percentage points over 8 quarters (as of 3 November 2026). ### Does Mphasis have too much debt? No, Mphasis Ltd has little debt: its debt is 0.24× its equity, and its operating profit is 15 times its interest bill. FY26 borrowings were ₹2,620 Cr against equity of ₹10,744 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Mphasis in its business cycle? Mphasis Ltd's FY26 operating margin was 19.0%, against a 13-year range of 14.0% to 19.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 18.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Mphasis story? The main question: promoters moved −9.8 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Mphasis a stock worth studying right now? What the numbers show: Mphasis Ltd's earnings have grown faster than its share price. Earnings per share grew +9.0% in a year while the price moved −8.3%. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Mphasis share price forecast for 2026? What management itself guided: Q2 constant-currency growth to be the best sequential performance delivered in 3 years. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- AI & data centre stocks: https://www.sectoralpha.in/ai-stocks-india
- IT stocks: https://www.sectoralpha.in/sectors/it-stocks-india

This is research, not advice. We’re not SEBI-registered.