NSE: MPHASIS | BSE: 526299

Mid-range Performer

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2695.90 -6.80 (-0.25%)

31.86% Gain from 52W Low

309.4K NSE+BSE Volume

NSE 08 Aug, 2025 3:31 PM (IST)

51,242.8

Market Cap

High in industry

1.4

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.

26 Oct 2020

2695.90

-0.25%

Q2FY21 Result Update - Strong, Steady, Resilient! - BUY

Buy: MphasiS Ltd.

Recommendation Target

Prabhudas Lilladhar

QoQ CC / 18.4% YoY CC / 7.2% QoQ USD (Ple: 3% QoQ CC, 3.9% QoQ USD). Direct Channels grew at a robust 10.9% QoQ CC contributing 83.8% to revenues while DXC channel revenues declined 15.5% QoQ. Growth was led by banking and capital markets that grew a remarkable 17% QoQ. EBIT margin (pre-forex impact) at 16.2% grew at modest rate (+45 bps QoQ) and was in-line with our estimates (Ple: 16%). Margin band was maintained at 15.516.5% & aspiring to grow above that also. Mphasis won new deals with TCV of USD 360 million in Q2 FY21 with 73 % of the deal wins in New-Gen Services, TCV on ttm basis is at US$1 bn, up 75%...

MphasiS Ltd. has an average target of 2819.75 from 4 brokers.

MphasiS Ltd.

24 Oct 2020

2695.90

-0.25%

Continued strength in Direct business to drive rerating

Buy: MphasiS Ltd.

Recommendation Target

Motilal Oswal

MphasiS Ltd. is trading above its 150 day SMA of 2612.9

MphasiS Ltd.

23 Oct 2020

2695.90

-0.25%

Mphasis (REDUCE): DXC remains soft but pipeline healthy raise to REDUCE

Sell: MphasiS Ltd.

Target

BOB Capital Markets Ltd.

Mphasis (MPHL) reported strong Q2FY21 revenue and margins.

MphasiS Ltd. is trading above its 150 day SMA of 2612.9

MphasiS Ltd.

23 Oct 2020

2695.90

-0.25%

Mphasis Ltd.

Buy: MphasiS Ltd.

Recommendation Target

ICICI Securities Limited

Prabhudas Lilladhar downgraded MphasiS Ltd. to Accumulate with a price target of 2920.0 on 25 Jul, 2025.

MphasiS Ltd.

27 Jul 2020

2695.90

-0.25%

Q1FY21 Result Update - Strong, Steady, Resilient! - Upgrade to 'BUY'

Accumulate: MphasiS Ltd.

Target

Prabhudas Lilladhar

Deal pipeline was the highlight for the quarter- New deal wins highest ever at $259mn, +29% QoQ, +72% YoY. It includes a large deal win of US$105mn. In addition, the company signed another large deal of $216mn deal in July, from...

MphasiS Ltd. has an average target of 2819.75 from 4 brokers.

MphasiS Ltd.

25 Jul 2020

2695.90

-0.25%

Deal wins and outlook surprise!

Neutral: MphasiS Ltd.

Target

Motilal Oswal

Direct International (DI) revenues were largely stable, while DXC revenue witnessed sharp decline (16% QoQ, CC). EBIT margin contraction was largely led by a sharp fall in While S&M; expenses remained stable (as % of revenue), pressure at the gross margin level was partially offset by G&A; rationalization (~150bp QoQ). While the DXC business (~20% of revenues) is expected to be under pressure in the near term, Direct International should continue to drive overall performance. While MRC of USD250m (up to Sep21) is still due, management expects the DXC In 1QFY21, revenue (USD) / EBIT (INR) / PAT increased by 3%/12%/4% YoY v/s International (DI) revenues were largely stable, while DXC revenue witnessed estimates. EBIT margin contraction was largely led by a sharp fall in utilization While S&M; expenses remained stable (as % of revenue), pressure at the gross margin level was partially offset by G&A; rationalization (~150bp QoQ).

MphasiS Ltd. is trading above its 150 day SMA of 2612.9

MphasiS Ltd.

24 Jul 2020

2695.90

-0.25%

Mphasis (SELL): Strong deal wins; DXC remains soft

Sell: MphasiS Ltd.

Target

BOB Capital Markets Ltd.

Mphasis (MPHL) reported weak revenue but an operating margin beat in Q1FY21.

MphasiS Ltd. is trading above its 150 day SMA of 2612.9

MphasiS Ltd.

24 Jul 2020

2695.90

-0.25%

Mphasis Ltd.

Hold: MphasiS Ltd.

Recommendation Target

ICICI Securities Limited

Revenues to witness improving trend led by healthy pipeline Mphasis has major exposure to BFSI (~60% of revenues) and information, communication & entertainment (~15% of revenues), which are relatively less impacted by Covid 19 pandemic vs. travel & hospitality verticals. Further, lower legacy exposure and higher growth in digital technology puts the company in a sweet spot. This resulted in Mphasis seeing increase in new deal wins (up 66% YoY in Q1FY21, 38% YoY in Q2FY21E) of which 79% of TCV is in new generation technology. Further, it has also seen healthy...

MphasiS Ltd. has an average target of 2819.75 from 4 brokers.

MphasiS Ltd.

30 Jun 2020

2695.90

-0.25%

MphasiS

Buy: MphasiS Ltd.

Target

Dolat Capital

Mphasis had an event full year as it tested the company's ability to sustain the tough times (HP/DXC channel revenues grew just 7.7% dragging the overall traction; rest business grew 17%) and deliver growth by focusing on its core strategy of providing efficiency, reducing cost and fulfilling need of clients by bringing T back to IT' through cloud and cognitive technology, Dev opps, Cloud native app dev, legacy modernization, Enterprise Automation, Next gen data etc. Strong digital capabilities led to strong traction both in revenue growth (revenues up 14% in FY20) as well as order...

MphasiS Ltd. is trading below its 30 day SMA of 2799.0

MphasiS Ltd.

14 May 2020

2695.90

-0.25%

Decent performance; Soft outlook!

Neutral: MphasiS Ltd.

Target

Motilal Oswal

4QFY20 revenue growth at 1.5% (QoQ, CC) was marginally behind our estimates, as weakness in DXC channel overshadowed the healthy performance in Direct. Direct Core segment has been the growth driver and has seen strong deal In terms of capital allocation, MPHL will maintain its 55-57% payout policy. Maintain Given the uncertainty in the environment, management hinted at a soft outlook on revenue growth. However, the company is confident of maintaining its margins by using levers such as increase in share of Fixed Price Projects, fresher hiring, pyramid rationalization, automation and reduced travel costs etc. Direct Core segment has been the growth driver and has seen strong deal wins, Geography wise, Americas declined 1% QoQ while growth in Europe / RoW grew strong at 8%/9%.

Prabhudas Lilladhar downgraded MphasiS Ltd. to Accumulate with a price target of 2920.0 on 25 Jul, 2025.

Is MphasiS Ltd. worth buying?

246 Votes:

Buy 78.86%

Sell 12.2%

Hold 8.94%

RESEARCH REPORTS

Accumulate SEE REPORTS >

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Buy SEE REPORTS >

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