Arthneeti

Mphasis Q1 FY27 Share Price & Earnings Call Analysis

₹2,561.30+1.72% today
Market cap
₹48,908 Cr
P/E
25.28
ROE
18.53%
PEG
4.94
Price to sales
2.96
Debt to equity
0.24
52W high / low
₹2,954 / ₹2,047
Sales growth (5Y)
10.31%
EBITDA margin
18.57%
Net profit margin
11.89%
Promoter holding
30.53%
Sales (last year)
₹16,531 Cr

Mphasis a global Information Technology (IT) solutions provider specializing in providing cloud and cognitive services, applies next-generation technology to help enterprises transform businesses globally.(Source : 202003 Annual Report Page No:36)

Guidance scorecard · Q1 FY27 call

What Mphasis's management guided
and where it ranks in IT - Software

#35of 38 in
IT - Software
Revenue0–10%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ1 FY27 call

0–10%
  • Q2 FY27 is positioned to deliver the best sequential constant currency growth in three years.
  • FY27 guidance maintained at high single-digit to low double-digit revenue growth in constant currency.
  • Pipeline at an all-time high, with net new TCV for Q1 at $461 million, marking the fifth consecutive quarter above $400 million.
  • 63% of Q1 TCV wins were AI-led, indicating strong growth in AI-driven deals.
  • BFS segment shows stable and consistent growth with over 3.5% compound quarterly growth rate across eight quarters.
  • Insurance is expected to be a key growth driver through FY27 despite some recent sequential dips.
  • Americas remain the primary growth engine with strong sequential and YoY growth.

2 more points from Mphasis's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Mphasis said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Certain large deals won have necessitated capital investment spread over 12 to 18 months, impacting near-term cash flow (FY27).
  • These investments are linked to transitioning into large deals, managed services, and outcome-based contracts.
  • Capital investment upfront is not always immediate but occurs gradually as part of deal execution.
  • Once stabilized, these deals begin generating incremental cash, recovering initial investments.
  • The company expects normalization of capital investment impact starting FY28.

2 more points from Mphasis's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Mphasis said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Total pipeline grew 8% sequentially and 28% YoY.
  • Non-BFS pipeline grew 18% sequentially.
  • Large deals pipeline (> $20 million) grew 10% sequentially.
  • BFS pipeline grew 100% YoY, showing strong financial services positioning.
  • Net new TCV for the quarter was $461 million, with trailing-twelve-month TCV over $1.8 billion.
  • Closed three large deals in Q1, including one exceeding $100 million.
  • 63% of Q1 TCV wins were AI-led.

2 more points from Mphasis's call on the order book

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Full Q1 FY27 analysis
Full IT - Software ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Software
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. CapitalNumbersGood growth
    3
See all potential multibaggersWhere does Mphasis rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Software companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹569 Cr34.7
240%+Flat₹336 Cr7.3
3CapitalNumbers20–40%Up 2%+₹181 Cr9.2
420–40%Up 2%+₹159 Cr11.5
520–40%Up 0–2%₹1,826 Cr28.5
620–40%Flat₹4,341 Cr84.7

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Pro shows every company guiding 40%+ revenue growth →Full IT - Software ranking

Financials of Mphasis

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Mphasis

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +3,3613,2523,2763,3383,4123,4223,5363,5613,7103,7323,9024,0034,243
Expenses +2,7632,6652,6812,7372,7732,8042,8882,8833,0073,0303,1803,2523,439
Operating Profit599587596601639619648678703703722750804
OPM %18%18%18%18%19%18%18%19%19%19%18%19%19%
Other Income +435049546474596360817527108
Interest24243453505040393642444177
Depreciation838789103131105104132135132128143153
Profit before tax534526522499522537563569591610625593681
Tax %24%25%25%25%25%25%25%25%24%28%25%25%25%
Net Profit +405396392374393405423428446442469442510
EPS in Rs21.5121.0120.7819.7920.8121.3922.3722.5623.4923.2224.6523.2126.71

Financials of Mphasis

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +5,7956,0816,0766,5467,7318,8449,72211,96113,79813,27914,23015,880
Expenses +4,9255,2185,1085,4836,4077,1937,9199,84411,36510,85711,58312,901
Operating Profit8708639691,0621,3241,6501,8032,1182,4342,4222,6472,978
OPM %15%14%16%16%17%19%19%18%18%18%19%19%
Other Income +194172223149177178133160162218255290
Interest282414131781637497161166204
Depreciation98121797176232242291325410476555
Profit before tax9388901,0991,1281,4071,5151,6311,9132,1732,0682,2602,509
Tax %28%29%28%26%24%22%25%25%25%25%25%26%
Net Profit +6756327928381,0731,1851,2171,4311,6381,5551,7021,863
EPS in Rs32.1030.0537.6243.3457.6463.5265.0676.1986.9482.2789.5597.61
Dividend Payout %50%67%45%46%47%55%100%60%58%67%64%64%

Financials of Mphasis

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital210210210193186187187188188189190191
Reserves5,2705,6455,9425,2895,0645,6436,3406,7557,7468,6069,43810,553
Borrowings +5754612603905435715135271981,5441,1162,620
Other Liabilities +1,3121,0928891,1091,5762,3392,3243,2143,3733,6624,0004,419
Total Liabilities7,3677,4087,3016,9807,3688,7409,36510,68411,50614,00014,74417,782
Fixed Assets +2,3341,5971,9211,8842,1703,0133,0203,7744,0605,5335,7816,435
CWIP205612317311326100
Investments1,4432,1222,3961,7821,3291,3261,8461,8131,7533,0902,2081,769
Other Assets +3,5693,6332,9833,3123,8664,3844,4965,0875,6625,3166,7549,577
Total Assets7,3677,4087,3016,9807,3688,7409,36510,68411,50614,00014,74417,782

Financials of Mphasis

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +6167316647239501,3211,4551,7161,4622,1801,905839
Cash from Investing Activity +-380-175267507280142-810-271196-2,49632478
Cash from Financing Activity +-186-568-710-1,380-1,342-825-861-1,389-1,44077-1,756-1,243
Net Cash Flow50-12221-149-112638-21756217-23918175
Free Cash Flow5596095496928681,1971,3291,5971,3512,0881,845782
CFO/OP103%112%99%94%98%104%100%98%84%114%99%44%

Financials of Mphasis

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days393938454534356867677396
Inventory Days
Days Payable
Cash Conversion Cycle393938454534356867677396
Working Capital Days-5202921196151319-27-2212
ROCE %16%15%18%19%24%26%25%27%29%24%23%23%

Guidance history

How Mphasis's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%FlatPlanned—Rising
Q4 FY26 call →10–20%FlatPlanned—Rising
Q3 FY26 call →10–20%FlatPlanned—Rising
Q2 FY26 call →10–20%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

31out of 100

Momentum score · price trend

31 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−10.9%48%
Last 6 months+12.5%69%
Last 3 months+9.1%78%

The price is 24.6% below its all-time high of ₹3,396.7 (31 Dec 2021). Stocks more than 20% below their peak have their score halved, so 62 became 31.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Mphasis: 0.4 × 48 + 0.4 × 69 + 0.2 × 78 = 62, halved to 31 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Mphasis's management said in earlier quarters

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