revenue (our estm: 31.9% QoQ) largely led by inorganic contribution from acquired Highwire business while organic business biz segments remained in flat to slightly negative growth range. OPM declined 360bps QoQ to 17.0% (our estm: 15.0%) due to decline in margins of all 3 biz segments where-in Platform business was impacted by lower EBITDA margin of acquired Highwire Biz (early double digit). MPS expects Highwire business to deliver improved profitability (40-45% EBITDA margins) by end of FY22 led by cost take-outs (IT, Rent, Other...

MPS Ltd. has gained 29.46% in the last 1 Year

MPS Ltd.

20 May 2020

2729.00

-1.04%

MPS

Buy: MPS Ltd.

Dolat Capital

Weak Results; Large Deal Wins in Content biz to drive recovery MPS reported weak Q4FY20 results, with a 9.0% QoQ and 15.6% YoY decline in revenue (our estm: 1.3% QoQ growth), largely led by QoQ decline of 15% and 19% in Platform and E-Learning business. OPM contraction of about 480bps QoQ to 12.7%, (our estm: 19.8%) primarily due to sharp absolute revenue fall off directly impacting EBIT. Content solutions revenues fell 3.0% YoY in Q4 but expects positive momentum hereon as it has started rampup of a large deal won in the...

Number of FII/FPI investors increased from 54 to 71 in Mar 2025 qtr.

MPS Ltd.

19 Nov 2019

2729.00

-1.04%

MPS Ltd.

Sell: MPS Ltd.

ICICI Securities Limited

Although the company's revenues have grown at 12.1% CAGR in FY16-19, we believe majority of growth is from acquisition. We believe the organic growth has been below 5% in FY16-19 mainly due to the subdued performance of the content solution business. The content solution business (accounts for 64% of total topline) has declined at 3.2% CAGR in FY17-19. In addition, the market in which MPS operates is fragmented and publishing outsourcing vendors are not price settlers but are compensated by volumes, which also keep revenue growth under check. Further, higher client...

Number of FII/FPI investors increased from 54 to 71 in Mar 2025 qtr.

MPS Ltd.

19 Jan 2019

2729.00

-1.04%

MPS' Q3FY19 results were slightly below our estimates with flat revenues on a CC basis vs...

Buy: MPS Ltd.

Recommendation Target

Emkay

We believe FY20/FY21E would be the key year for EBIT/Organic growth revival for the business. In our view, although the transition period is long, but as it endures through this the growth profile of the business should improve significantly led by strong evolving enterprise learning business. Given strong management track record on turnarounds and attractive valuations, we maintain our Buy rating on the stock with a TP of Rs740 per...

Number of FII/FPI investors increased from 54 to 71 in Mar 2025 qtr.

Is MPS Ltd. worth buying?

84 Votes:

Buy 78.57%

Sell 10.71%

Hold 10.71%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf