Mphasis

₹2238 -11.4 | 0.5%

WEBSITE BSE:526299 NSE : MPHASIS LTD 10 May, 16:01

Market Cap ₹42298 Cr.

Stock P/E 27.2

P/B 5

Current Price ₹2238

Book Value ₹ 451.9

Face Value 10

52W High ₹2835

Dividend Yield 2.46%

52W Low ₹ 1807

Edit Ratio

Mphasis Research see more...

Overview Inc. Year: 1992Industry: IT - Software

Mphasis Limited is an IT solutions provider. It is engaged in presenting cloud and cognitive services technology to organisations. Its section consists of banking and capital market, logistics and transportation, information technology communique and amusement, insurance, and others. It makes use of its Front2Back transformation method, which uses cloud and cognitive to offer customized virtual enjoyment to customers and their end users. It provides various offerings, which includes software offerings, blockchain platform, business procedure offerings, cyber security, virtual, organization automation, infrastructure services, products engineering, XaaP (Everything as a Platform) offerings, and Azure services. It serves various industries, which incorporates banking-capital marketplace, insurance, healthcare and lifestyles technological know-how, payments, hospitality, travel and transportation, communications, electricity and utilities, logistics, manufacturing, oil and gas and public sector.

Mphasis Share Price

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Peer Comparison

Mphasis Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	3124	3278	3411	3520	3506	3361	3252	3277	3338	3412
Other Income	31	39	36	43	40	43	50	49	54	64
Total Income	3154	3317	3447	3563	3546	3404	3302	3326	3392	3476
Total Expenditure	2571	2701	2811	2902	2889	2763	2665	2681	2737	2773
Operating Profit	584	616	636	661	657	641	637	645	655	703
Interest	22	21	23	26	24	24	24	34	53	50
Depreciation	83	80	80	80	82	83	87	89	103	131
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	480	516	533	555	551	534	526	522	499	522
Provision for Tax	122	124	131	137	139	129	130	130	125	129
Profit After Tax	358	392	402	418	412	405	396	392	374	393
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	358	392	402	418	412	405	396	392	374	393
Adjusted Earnings Per Share	19.1	20.9	21.4	22.2	21.9	21.5	21	20.8	19.8	20.8

Mphasis Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	2594	5795	6081	6076	6546	7731	8844	9722	11961	13798	13279	13279
Other Income	60	197	202	240	165	177	178	133	160	162	218	217
Total Income	2654	5992	6283	6316	6711	7908	9021	9855	12122	13960	13496	13496
Total Expenditure	2164	4925	5193	5109	5487	6407	7193	7919	9844	11365	10857	10856
Operating Profit	490	1067	1090	1207	1224	1501	1828	1936	2278	2596	2640	2640
Interest	11	28	24	14	13	17	81	63	74	97	161	161
Depreciation	50	98	121	79	71	76	232	242	291	325	410	410
Exceptional Income / Expenses	-6	-3	-55	-15	-13	0	0	0	0	0	0	0
Profit Before Tax	422	938	890	1099	1128	1407	1515	1631	1913	2173	2068	2069
Provision for Tax	119	263	258	308	290	334	331	414	482	535	514	514
Profit After Tax	303	675	632	792	837	1073	1185	1217	1431	1638	1555	1555
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	303	675	632	792	837	1073	1185	1217	1431	1638	1555	1555
Adjusted Earnings Per Share	14.4	32.1	30	37.6	43.3	57.6	63.5	65.1	76.2	86.9	82.3	82.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-4%	11%	11%	18%
Operating Profit CAGR	2%	11%	12%	18%
PAT CAGR	-5%	9%	8%	18%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	20%	7%	19%	19%
ROE Average	19%	21%	21%	17%
ROCE Average	24%	27%	26%	21%

Mphasis Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	5115	5480	5855	6152	5482	5250	5830	6527	6943	7935	8795
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	431	309	179	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	-37	28	-345	14	-4	46	541	602	741	635	845
Total Current Liabilities	1384	1517	1294	1089	1402	1994	2167	2144	2910	2798	4205
Total Liabilities	6893	7334	6983	7255	6880	7290	8538	9273	10595	11367	13845
Fixed Assets	2404	2334	1597	1921	1884	2170	3013	3020	3774	4060	5533
Other Non-Current Assets	1220	1052	1161	885	1050	1017	1111	1113	1105	1354	1680
Total Current Assets	3269	3948	4226	4449	3946	4103	4413	5140	5716	5953	6632
Total Assets	6893	7334	6983	7255	6880	7290	8538	9273	10595	11367	13845

Mphasis Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	360	353	404	393	613	464	350	988	771	827	1044
Cash Flow from Operating Activities	198	616	731	664	723	950	1321	1455	1716	1462	2180
Cash Flow from Investing Activities	220	-366	-158	268	493	289	141	-822	-282	182	-2482
Cash Flow from Financing Activities	-429	-186	-568	-710	-1380	-1342	-825	-861	-1389	-1440	77
Net Cash Inflow / Outflow	-11	64	5	222	-164	-103	637	-229	45	204	-225
Closing Cash & Cash Equivalent	353	403	393	613	464	352	988	771	827	1044	805

Mphasis Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	14.4	32.1	30.05	37.62	43.34	57.64	63.52	65.06	76.18	86.94	82.27
CEPS(Rs)	16.8	36.77	35.81	41.38	47	61.71	75.94	77.98	91.67	104.2	103.99
DPS(Rs)	7	16	20	17	20	27	35	65	46	50	55
Book NAV/Share(Rs)	243.02	260.26	277.75	291.49	282	279.27	309.4	345.8	363.74	410.35	451.93
Core EBITDA Margin(%)	16.57	15.01	14.6	15.92	16.18	17.12	18.66	18.54	17.7	17.64	18.24
EBIT Margin(%)	16.69	16.66	15.03	18.32	17.42	18.43	18.05	17.42	16.61	16.45	16.79
Pre Tax Margin(%)	16.26	16.18	14.64	18.09	17.23	18.2	17.14	16.77	15.99	15.75	15.58
PAT Margin (%)	11.67	11.64	10.39	13.03	12.79	13.88	13.4	12.52	11.96	11.87	11.71
Cash Profit Margin (%)	13.61	13.33	12.38	14.33	13.88	14.86	16.02	15	14.39	14.23	14.8
ROA(%)	4.36	9.48	8.82	11.12	11.85	15.15	14.97	13.66	14.4	14.92	12.33
ROE(%)	6.03	12.76	11.17	13.22	14.46	20.16	21.6	19.88	21.52	22.49	19.11
ROCE(%)	7.77	16.49	14.78	17.49	18.57	24.43	26.19	25.21	27.39	29.1	24.14
Receivable days	100.54	44.19	38.24	38.35	40.13	41.71	36.95	33.13	48.16	62.79	67.98
Inventory Days	0	0	0.25	0	0	0	0	0	0	0	0
Payable days	0	0	4095.54	0	0	0	0	0	0	0	0
PER(x)	28.06	11.91	16.3	15.36	19.47	17.16	10.46	27.41	44.32	20.66	29.03
Price/Book(x)	1.66	1.47	1.76	1.98	2.99	3.54	2.15	5.16	9.28	4.38	5.28
Dividend Yield(%)	1.73	4.19	4.08	2.94	2.37	2.73	5.27	3.64	1.36	2.78	2.3
EV/Net Sales(x)	3.31	1.26	1.63	1.94	2.44	2.37	1.34	3.37	5.27	2.39	3.45
EV/Core EBITDA(x)	17.51	6.83	9.08	9.78	13.06	12.21	6.48	16.95	27.65	12.71	17.38
Net Sales Growth(%)	-55.25	123.41	4.94	-0.07	7.73	18.11	14.39	9.94	23.03	15.36	-3.77
EBIT Growth(%)	-57.89	123.03	-5.33	21.77	2.47	24.91	12.06	6.1	17.31	14.24	-1.81
PAT Growth(%)	-59.31	122.89	-6.39	25.35	5.8	28.16	10.39	2.7	17.59	14.47	-5.07
EPS Growth(%)	-59.31	122.88	-6.41	25.21	15.19	33.01	10.2	2.42	17.11	14.12	-5.37
Debt/Equity(x)	0.11	0.11	0.08	0.04	0.07	0.1	0.1	0.08	0.08	0.03	0.18
Current Ratio(x)	2.36	2.6	3.27	4.09	2.81	2.06	2.04	2.4	1.96	2.13	1.58
Quick Ratio(x)	2.36	2.6	3.26	4.09	2.81	2.06	2.04	2.4	1.96	2.13	1.58
Interest Cover(x)	38.87	34.59	37.83	80.22	87.76	82.03	19.66	26.71	26.71	23.34	13.86
Total Debt/Mcap(x)	0.06	0.07	0.04	0.02	0.02	0.03	0.05	0.02	0.01	0.01	0.03

Mphasis Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	55.9	55.8	55.72	55.7	55.65	55.63	55.58	55.57	55.52	55.45
FII	21.1	21.09	20.48	20.71	18.89	17.72	17.19	16.6	15.71	14.84
DII	17.8	18.04	18.16	17.78	19.54	21	21.04	22.56	23.7	24.63
Public	5.21	5.07	5.64	5.81	5.93	5.65	6.18	5.27	5.07	5.08
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	10.48	10.48	10.48	10.48	10.48	10.48	10.48	10.48	10.48	10.48
FII	3.95	3.96	3.85	3.9	3.56	3.34	3.24	3.13	2.97	2.8
DII	3.34	3.39	3.41	3.35	3.68	3.96	3.97	4.25	4.47	4.66
Public	0.98	0.95	1.06	1.09	1.12	1.07	1.17	0.99	0.96	0.96
Others	0	0	0	0	0	0	0	0	0	0
Total	18.75	18.78	18.81	18.81	18.83	18.84	18.86	18.86	18.88	18.9

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 21%
Company is almost debt free.

Cons

Stock is trading at 5 times its book value.
The company has delivered a poor profit growth of 7% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.