NSE: MPHASIS | BSE: 526299

Mid-range Performer

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2373.80 -2.90 (-0.12%)

693.0K NSE+BSE Volume

NSE 20 Feb, 2026 3:31 PM (IST)

45,120.4

Market Cap

High in industry

Beta 1Year

Very High Volatility

MphasiS Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MPHASIS, BSE:526299 MphasiS Ltd.

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MphasiS Ltd.

23 Jan 2026

2373.80

-0.12%

Mphasis Ltd.

Buy: MphasiS Ltd.

Target

ICICI Direct

Q3FY26 Performance: Mphasis reported revenues of US$ 451 mn, up 1.4% QoQ/ 7.6% YoY (up 1.5% QoQ/7.4% YoY in CC terms). Direct Revenue (97.9% of the mix) grew 1.9% QoQ/ 9.6% YoY in CC terms. Reported EBIT margin at 15.2%, was down ~6 bps QoQ/ ~11 bps YoY. Adjusted PAT (ex-one off from new labour code) stood...

MphasiS Ltd. is trading below all available SMAs

MphasiS Ltd.

23 Jan 2026

2373.80

-0.12%

Mphasis (HOLD): Revenue growth in the middle of the Tier-2 set

Hold: MphasiS Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Broadly in-line performance in 3Q. Likely to have a robust 4Q exit QoQ. Likely high single digit USD growth in FY26. >2x Industry rate

MphasiS Ltd. has an average target of 3191.33 from 6 brokers.

MphasiS Ltd.

22 Jan 2026, 12:00AM

2373.80

-0.12%

A steady quarter

Buy: MphasiS Ltd.

Recommendation Target

Motilal Oswal

Mphasis’s (MPHL) 3QFY26 revenue rose 1.5% QoQ in Constant Currency (CC), largely in line with our estimate of 1.3% QoQ CC. Direct revenue rose 1.9% QoQ CC and 9.6% YoY CC.

Mutual Funds have increased holdings from 24.41% to 30.66% in Dec 2025 qtr.

MphasiS Ltd.

01 Nov 2025

2373.80

-0.12%

Mphasis (SELL): 2x Industry growth likely in FY26. But lags Tier-2 leaders

Sell: MphasiS Ltd.

Recommendation Target

BOB Capital Markets Ltd.

The likely loss of a top 5 customer (in the logistics space) has impacted growth but offset to an extent by BFSI and Technology verticals

Promoters have decreased holdings from 40.10% to 30.59% in Dec 2025 qtr

MphasiS Ltd.

31 Oct 2025

2373.80

-0.12%

Mphasis Ltd.

Buy: MphasiS Ltd.

Recommendation Target

ICICI Direct

Q2FY26 Performance: Mphasis reported revenues of US$ 445 mn, up 1.8% QoQ/ 3.6% YoY (up 2% QoQ/6% YoY in CC terms). Direct Revenue (97.5% of the mix) 2.2% QoQ/ 7.9% YoY in CC terms. The EBIT margin at 15.3%, was flat QoQ/ down ~10 bps YoY. PAT came at 469 crore (up 6.2% QoQ/ 10.8% YoY). It won a broad based...

MphasiS has lost -15.69% in the last 1 Month

MphasiS Ltd.

31 Oct 2025

2373.80

-0.12%

Mphasis (MPHL IN) Q2FY26 Result Update Stable quarter...

Accumulate: MphasiS Ltd.

Target

Prabhudas Lilladhar

Institutional Investors have increased holdings from 55.60% to 65.05% in Dec 2025 qtr.

MphasiS Ltd.

31 Oct 2025

2373.80

-0.12%

A mixed quarter

Neutral: MphasiS Ltd.

Target

Motilal Oswal

Mphasis’s (MPHL) 2QFY26 net revenue rose 1.2% QoQ in Constant Currency (CC), largely in line with our estimate of 1.5% QoQ CC.

MphasiS Ltd. is trading below all available SMAs

MphasiS Ltd.

21 Aug 2025, 12:00AM

2373.80

-0.12%

MPHASIS BFL LTD

Accumulate: MphasiS Ltd.

Recommendation Target

Geojit BNP Paribas

driven by its AI-driven growth initiatives and steady conversion of pipeline to revenue. Therefore, we reiterate our ACCUMULATE rating on the stock, with a revised target price of Rs. 3,113 based on 28x FY27E adjusted EPS....

MphasiS Ltd. is trading below all available SMAs

MphasiS Ltd.

26 Jul 2025

2373.80

-0.12%

Mphasis (HOLD): Getting its act together

Hold: MphasiS Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Mphasis weak and volatile QoQ growth for many quarters was due to - high US mortgage rates, underinvestment in large deals, client specific

Promoters have decreased holdings from 40.10% to 30.59% in Dec 2025 qtr

MphasiS Ltd.

25 Jul 2025

2373.80

-0.12%

Mphasis (MPHL IN) Q1FY26 Result Update Record deal...

Accumulate: MphasiS Ltd.

Recommendation Target

Prabhudas Lilladhar

The revenue growth performance (+1.0% QoQ CC) was tad below our estimates (+1.4% QoQ CC), attributed to L&T business (down 46% QoQ) due to client-specific investments, which largely got offset through continued momentum in other parts of the portfolio. More importantly, the Direct business stood on a strong footing, grew 1.6% QoQ CC, led by BFS (+8.1% QoQ) and Insurance (+21.0% QoQ). The record high deal TCV of USD760m (80%+ New Gen) aided by four large deal wins in Q1 of three 100m+ TCV and one...

Number of FII/FPI investors increased from 699 to 728 in Dec 2025 qtr.

Is MphasiS Ltd. worth buying?

256 Votes:

Buy 78.91%

Sell 11.72%

Hold 9.38%

RESEARCH REPORTS

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