NSE: MPHASIS | BSE: 526299

Strong Performer, Getting Expensive

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2917.70 69.10 (2.43%)

High volume today

NSE 25 Aug, 2025 3:31 PM (IST)

55,458.7

Market Cap

High in industry

1.3

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.

MphasiS Ltd.

28 Jul 2024

2917.70

2.43%

Revenue growth remains subdued; BFS turnaround momentum slow

Sell: MphasiS Ltd.

Target

ICICI Securities Limited

MPHL’s Q1FY25 growth missed our estimates with a marginal revenue decline of 0.1% cc. BFS turnaround did not materialise in this quarter as well, with just 1.4% growth QoQ, lower than even Q4FY24 print of 2.5%.

Geojit BNP Paribas downgraded MphasiS Ltd. to Accumulate with a price target of 3113.0 on 21 Aug, 2025.

MphasiS Ltd.

26 Jul 2024

2917.70

2.43%

Improvement fully priced in

Neutral: MphasiS Ltd.

Target

Motilal Oswal

Mphasis (MPHL)’s 1QFY25 revenue was flat QoQ in constant currency (CC), which was weaker than our estimate (+1.2% QoQ CC).

MphasiS Ltd. is trading at high day volume of 1.2M.

MphasiS Ltd.

08 May 2024

2917.70

2.43%

Mphasis (HOLD): Modest growth; BFSI yet to pick up

Hold: MphasiS Ltd.

Target

BOB Capital Markets Ltd.

Regional banks and mortgages business will continue to draw down the overall BFSI segment

MphasiS Ltd. has an average target of 2878.40 from 5 brokers.

MphasiS Ltd.

27 Apr 2024

2917.70

2.43%

In-line quarter; deal conversion picking up

Sell: MphasiS Ltd.

Target

ICICI Securities Limited

Mphasis’ revenue growth, at 2.1% QoQ CC, was largely in line our estimate of 1.9%. An uptick in BFS with the regional banking crisis showing signs of easing helped lift growth (Technology, Media and Telecom), with an uptick of 4.4%, also contributed to growth. However, TCV was at USD 177mn (down 26.6% QoQ).

Number of FII/FPI investors decreased from 1016 to 986 in Jun 2025 qtr

MphasiS Ltd.

22 Oct 2023

2917.70

2.43%

Weakness easing but yet to gain momentum

Neutral: MphasiS Ltd.

Target

Motilal Oswal

MphasiS Ltd. has an average target of 2878.40 from 5 brokers.

MphasiS Ltd.

20 Oct 2023

2917.70

2.43%

Multiple headwinds ahead; reiterate SELL

Sell: MphasiS Ltd.

Target

ICICI Securities Limited

Mphasis reported a big miss on revenue with flat QoQ CC growth (vs. ISEC: +1.8%) and 0.1% QoQ USD (vs. ISEC: +1.9%; consensus: +2.1%) led by challenges in conversion of TCV to revenue, discretionary spend cuts, and continued challenge in DR business as well as BFS ex-DR. Deal TCV was soft at USD 255mn, down 16% YoY, partly due to higher conversion of pipeline to TCV in Q1FY24.

MphasiS Ltd. is trading above all available SMAs

MphasiS Ltd.

27 Aug 2023

2917.70

2.43%

Demand headwinds in BFS (largest vertical) persist, but the same is not reflected in valuations; reiterate SELL

Sell: MphasiS Ltd.

ICICI Securities Limited

We attended Mphasis analyst meet wherein the company outlined its future growth strategies: 1) focus on expanding non-BFS verticals, 2) continuing strategy of proactive large deal wins, and 3) increasing the number of clients with high revenue potential (USD 100mn+ annually).

MphasiS Ltd. is trading at high day volume of 1.2M.

MphasiS Ltd.

27 Aug 2023

2917.70

2.43%

Growth to recover in FY25 | Valuation remains full

Neutral: MphasiS Ltd.

Recommendation Target

Motilal Oswal

Number of FII/FPI investors decreased from 1016 to 986 in Jun 2025 qtr

MphasiS Ltd.

25 Jul 2023, 12:00AM

2917.70

2.43%

Growth expected to come back in H2; margin resilient

Hold: MphasiS Ltd.

Recommendation Target

Bonanza

Mphasis reported a miss in revenue, which fell 3.5% QoQ in cc terms, -3.4% QoQ / -8.4% YoY. The revenue decline was due to weakness in banking and capital markets (BCM, -8.8% QoQ, -14.8% YoY). BCM ex-mortgage was down 8.7% QoQ given delayed decision-making across large banks and weakness in regional banks.

Number of FII/FPI investors decreased from 1016 to 986 in Jun 2025 qtr

MphasiS Ltd.

23 Jul 2023

2917.70

2.43%

High mortgage and BFSI exposure leading to third consecutive decline in quarterly revenues; downgrade to SELL

Sell: MphasiS Ltd.

Recommendation Target

ICICI Securities Limited

Mphasis reported a miss in revenue, which fell -3.5% QoQ CC, -3.4% QoQ USD (I-Sec: -0.9%, cons: 0.01% USD) and -8.4% YoY CC. The revenue decline was due to weakness in banking and capital markets (BCM, -8.8% QoQ, -14.8% YoY). BCM ex-mortgage was down 8.7% QoQ given delayed decision-making across large banks and weakness in regional banks.

Number of FII/FPI investors decreased from 1016 to 986 in Jun 2025 qtr

Is MphasiS Ltd. worth buying?

247 Votes:

Buy 78.95%

Sell 12.15%

Hold 8.91%

RESEARCH REPORTS

Accumulate SEE REPORTS >

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Accumulate SEE REPORTS >

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