Mphasis

₹2373.9 19.3 | 0.8%

WEBSITE BSE:526299 NSE : MPHASIS LTD 01 Dec, 16:01

Market Cap ₹44807 Cr.

Stock P/E 27.9

P/B 5.7

Current Price ₹2373.9

Book Value ₹ 419.1

Face Value 10

52W High ₹2551

Dividend Yield 2.11%

52W Low ₹ 1660.7

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.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Net Sales	2691	2869	3124	3278	3411	3520	3506	3361	3252	3277
Other Income	47	44	31	39	36	43	40	43	50	49
Total Income	2738	2913	3154	3317	3447	3563	3546	3404	3302	3326
Total Expenditure	2202	2371	2571	2701	2811	2902	2889	2763	2665	2681
Operating Profit	536	542	584	616	636	661	657	641	637	645
Interest	16	16	22	21	23	26	24	24	24	34
Depreciation	62	66	83	80	80	80	82	83	87	89
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	458	460	480	516	533	555	551	534	526	522
Provision for Tax	118	118	122	124	131	137	139	129	130	130
Profit After Tax	340	341	358	392	402	418	412	405	396	392
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	340	341	358	392	402	418	412	405	396	392
Adjusted Earnings Per Share	18.1	18.2	19.1	20.9	21.4	22.2	21.9	21.5	21	20.8

Mphasis Profit & Loss

#(Fig in Cr.)	Oct 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	5796	2594	5795	6081	6076	6546	7731	8844	9722	11961	13798	13396
Other Income	140	60	197	202	240	165	177	178	133	160	162	182
Total Income	5937	2654	5992	6283	6316	6711	7908	9021	9855	12122	13960	13578
Total Expenditure	4764	2164	4925	5193	5109	5487	6407	7193	7919	9844	11365	10998
Operating Profit	1173	490	1067	1090	1207	1224	1501	1828	1936	2278	2596	2580
Interest	33	11	28	24	14	13	17	81	63	74	97	106
Depreciation	145	50	98	121	79	71	76	232	242	291	325	341
Exceptional Income / Expenses	0	-6	-3	-55	-15	-13	0	0	0	0	0	0
Profit Before Tax	995	422	938	890	1099	1128	1407	1515	1631	1913	2173	2133
Provision for Tax	251	119	263	258	308	290	334	331	414	482	535	528
Profit After Tax	744	303	675	632	792	837	1073	1185	1217	1431	1638	1605
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	744	303	675	632	792	837	1073	1185	1217	1431	1638	1605
Adjusted Earnings Per Share	35.4	14.4	32.1	30	37.6	43.3	57.6	63.5	65.1	76.2	86.9	85.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	15%	16%	16%	9%
Operating Profit CAGR	14%	12%	16%	8%
PAT CAGR	14%	11%	14%	8%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	11%	22%	19%	20%
ROE Average	22%	21%	21%	16%
ROCE Average	29%	27%	26%	21%

Mphasis Balance Sheet

#(Fig in Cr.)	Oct 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	4934	5115	5480	5855	6152	5482	5250	5830	6527	6943	7935
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	498	431	309	179	0	0	0	0	0	0	0
Other Non-Current Liabilities	11	-37	28	-345	14	-4	46	541	602	741	635
Total Current Liabilities	1550	1384	1517	1294	1089	1402	1994	2167	2144	2910	2798
Total Liabilities	6994	6893	7334	6983	7255	6880	7290	8538	9273	10595	11367
Fixed Assets	2462	2404	2334	1597	1921	1884	2170	3013	3020	3774	4060
Other Non-Current Assets	1406	1220	1052	1161	885	1050	1017	1111	1113	1105	1354
Total Current Assets	3127	3269	3948	4226	4449	3946	4103	4413	5140	5716	5953
Total Assets	6994	6893	7334	6983	7255	6880	7290	8538	9273	10595	11367

Mphasis Cash Flow

#(Fig in Cr.)	Oct 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	405	360	353	404	393	613	464	350	988	771	827
Cash Flow from Operating Activities	756	198	616	731	664	723	950	1321	1455	1716	1462
Cash Flow from Investing Activities	-543	220	-366	-158	268	493	289	141	-822	-282	182
Cash Flow from Financing Activities	-318	-429	-186	-568	-710	-1380	-1342	-825	-861	-1389	-1440
Net Cash Inflow / Outflow	-105	-11	64	5	222	-164	-103	637	-229	45	204
Closing Cash & Cash Equivalent	360	353	403	393	613	464	352	988	771	827	1044

Mphasis Ratios

#	Oct 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	35.4	14.4	32.1	30.05	37.62	43.34	57.64	63.52	65.06	76.18	86.94
CEPS(Rs)	42.29	16.8	36.77	35.81	41.38	47	61.71	75.94	77.98	91.67	104.2
DPS(Rs)	17	7	16	20	17	20	27	35	65	46	50
Book NAV/Share(Rs)	234.44	243.02	260.26	277.75	291.49	282	279.27	309.4	345.8	363.74	410.35
Core EBITDA Margin(%)	17.81	16.57	15.01	14.6	15.92	16.18	17.12	18.66	18.54	17.7	17.64
EBIT Margin(%)	17.74	16.69	16.66	15.03	18.32	17.42	18.43	18.05	17.42	16.61	16.45
Pre Tax Margin(%)	17.17	16.26	16.18	14.64	18.09	17.23	18.2	17.14	16.77	15.99	15.75
PAT Margin (%)	12.83	11.67	11.64	10.39	13.03	12.79	13.88	13.4	12.52	11.96	11.87
Cash Profit Margin (%)	15.33	13.61	13.33	12.38	14.33	13.88	14.86	16.02	15	14.39	14.23
ROA(%)	11.41	4.36	9.48	8.82	11.12	11.85	15.15	14.97	13.66	14.4	14.92
ROE(%)	15.96	6.03	12.76	11.17	13.22	14.46	20.16	21.6	19.88	21.52	22.49
ROCE(%)	20.13	7.77	16.49	14.78	17.49	18.57	24.43	26.19	25.21	27.39	29.1
Receivable days	40.52	100.54	44.19	38.24	38.35	40.13	41.71	36.95	33.13	48.16	62.79
Inventory Days	0	0	0	0.25	0	0	0	0	0	0	0
Payable days	0	0	0	4095.54	0	0	0	0	0	0	0
PER(x)	12.01	28.06	11.91	16.3	15.36	19.47	17.16	10.46	27.41	44.32	20.66
Price/Book(x)	1.81	1.66	1.47	1.76	1.98	2.99	3.54	2.15	5.16	9.28	4.38
Dividend Yield(%)	4	1.73	4.19	4.08	2.94	2.37	2.73	5.27	3.64	1.36	2.78
EV/Net Sales(x)	1.54	3.31	1.26	1.63	1.94	2.44	2.37	1.34	3.37	5.27	2.39
EV/Core EBITDA(x)	7.6	17.51	6.83	9.08	9.78	13.06	12.21	6.48	16.95	27.65	12.71
Net Sales Growth(%)	8.19	-55.25	123.41	4.94	-0.07	7.73	18.11	14.39	9.94	23.03	15.36
EBIT Growth(%)	-1.38	-57.89	123.03	-5.33	21.77	2.47	24.91	12.06	6.1	17.31	14.24
PAT Growth(%)	-6.12	-59.31	122.89	-6.39	25.35	5.8	28.16	10.39	2.7	17.59	14.47
EPS Growth(%)	-6.13	-59.31	122.88	-6.41	25.21	15.19	33.01	10.2	2.42	17.11	14.12
Debt/Equity(x)	0.11	0.11	0.11	0.08	0.04	0.07	0.1	0.1	0.08	0.08	0.03
Current Ratio(x)	2.02	2.36	2.6	3.27	4.09	2.81	2.06	2.04	2.4	1.96	2.13
Quick Ratio(x)	2.02	2.36	2.6	3.26	4.09	2.81	2.06	2.04	2.4	1.96	2.13
Interest Cover(x)	31.12	38.87	34.59	37.83	80.22	87.76	82.03	19.66	26.71	26.71	23.34
Total Debt/Mcap(x)	0.06	0.06	0.07	0.04	0.02	0.02	0.03	0.05	0.02	0.01	0.01

Mphasis Shareholding Pattern

#	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	55.99	55.95	55.9	55.8	55.72	55.7	55.65	55.63	55.58	55.57
FII	20.8	20.85	21.1	21.09	20.48	20.71	18.89	17.72	17.19	16.6
DII	18.45	17.94	17.8	18.04	18.16	17.78	19.54	21	21.04	22.56
Public	4.75	5.25	5.21	5.07	5.64	5.81	5.93	5.65	6.18	5.27
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	10.48	10.48	10.48	10.48	10.48	10.48	10.48	10.48	10.48	10.48
FII	3.89	3.91	3.95	3.96	3.85	3.9	3.56	3.34	3.24	3.13
DII	3.45	3.36	3.34	3.39	3.41	3.35	3.68	3.96	3.97	4.25
Public	0.89	0.98	0.98	0.95	1.06	1.09	1.12	1.07	1.17	0.99
Others	0	0	0	0	0	0	0	0	0	0
Total	18.72	18.73	18.75	18.78	18.81	18.81	18.83	18.84	18.86	18.86

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 5.7 times its book value.

* 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.