MphasiS Limited (MPHASIS)

Information Technology · IT - Software · NSE · Updated 15 July 2026

₹2,339.2 ↓ 18.91% (1Y)

🎯 Key Takeaways

MphasiS Limited is transitioning from a traditional IT services model to an AI-led enterprise services leader, with leadership continuity through Nitin Rakesh's reappointment as CEO & MD until 2031. The company is leveraging its Mphasis Tria platform and AI-driven deal pipeline to drive growth, supported by strong ESG credentials and a focus on scalable digital transformation solutions.
Revenue grew 0.7% QoQ to ₹3,561 in Q3FY25.
⚠️ Execution risk in scaling AI-led services (Mphasis Tria, NeoIP) amid increasing competition in the enterprise AI space.

Market Cap

₹39,760

P/E Ratio

23.9

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About MPHASIS 📊 Interactive Charts

📖 The Story

MphasiS Limited is transitioning from a traditional IT services model to an AI-led enterprise services leader, with leadership continuity through Nitin Rakesh's reappointment as CEO & MD until 2031. The company is leveraging its Mphasis Tria platform and AI-driven deal pipeline to drive growth, supported by strong ESG credentials and a focus on scalable digital transformation solutions. This strategic pivot is reflected in its financial trajectory and governance actions.

📰 What's Happening

Management has emphasized AI-led growth, highlighted by 69% of the pipeline coming from AI-driven deals and ₹2.1 billion in new TCV wins in FY2025-26. Nitin Rakesh was reappointed as CEO & MD for a term until 2031, alongside the reappointment of Independent Director Maureen Anne Erasmus until 2031. The 35th AGM on July 23, 2026, will vote on key appointments and approve a final dividend of ₹62 per share. Shareholders must participate via e-voting on NSDL/CDSL platforms between July 18-22, 2026, with questions due by July 16. The company also announced a trading window closure ahead of Q1 FY2027 results, scheduled for a conference call on July 24, 2026.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	3,361	3,252	3,277	3,338	3,412	3,422	3,536	3,561
Operating Profit	641	637	645	655	703	692	707	741
OPM %	17.8%	18.1%	18.2%	18.0%	18.7%	18.1%	18.3%	19.0%
Net Profit	405	396	392	374	393	405	423	428
EPS	₹21.52	₹21.01	₹20.79	₹19.80	₹20.82	₹21.40	₹22.38	₹22.58

Revenue has shown consistent sequential growth, rising from ₹3,252 million in Q1FY24 to ₹3,561 million in Q3FY25, with operating margins stabilizing around 18-19%. Net profit and EPS have followed an upward trend, increasing from ₹396 million (EPS: ₹21.01) in Q1FY24 to ₹428 million (EPS: ₹22.58) in Q3FY25. This growth is occurring against a backdrop of stable margin expansion, suggesting operational efficiency gains. The company reported ₹158,796 million revenue and ₹18,626 million profit for FY2025-26, with AI-led services contributing significantly to the pipeline, indicating scalability in its strategic transformation.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance beyond the AGM date and dividend schedule, but has consistently emphasized AI as a core growth driver, with Nitin Rakesh highlighting the scalability of the Mphasis Tria platform and enterprise agency models. The company is focused on expanding its AI-led services, targeting renewable energy targets with a 1% YoY carbon reduction, and maintaining its MSCI 'A' ESG rating. No specific revenue or margin targets were disclosed in the filings, but the strategic direction is clear: scaling AI-driven solutions and sustainable growth.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — IT - Software

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Tata Consultancy Services Limited	8.19 L Cr	17.2	67.6%	50.4%	0.00
Infosys Limited	4.54 L Cr	16.6	40.8%	29.2%	0.00
HCL Technologies Limited	3.07 L Cr	18.6	31.9%	23.6%	0.03
Wipro Limited	1.99 L Cr	15.0	19.1%	16.1%	0.20
Tech Mahindra Limited	1.34 L Cr	26.3	22.1%	10.0%	0.07
LTM Limited	1.18 L Cr	25.7	—	—	—
Oracle Financial Services Software Limited	78,487	34.0	—	—	—
Persistent Systems Limited	74,176	54.5	—	—	—
Coforge Limited	43,059	50.2	—	—	—
MphasiS Limited	39,760	23.9	—	—	—

🔗 Peer Stock Analyses

TCS INFY HCLTECH WIPRO TECHM

⚠️ Risk Factors

1. Execution risk in scaling AI-led services (Mphasis Tria, NeoIP) amid increasing competition in the enterprise AI space. 2. Cybersecurity and AI governance risks highlighted as material concerns in ESG disclosures. 3. Dependence on strategic acquisitions or partnerships for sustained growth, though none were announced recently. 4. Regulatory and compliance risks related to ESG reporting and SEBI norms, particularly around director appointments and dividend payments.

📋 Recent Filings

🧠 Analyst's Read

MphasiS is positioning itself as a long-term AI-driven enterprise services player with strong governance and ESG commitments, underpinned by leadership continuity and scalable digital platforms. The key watchpoint is the execution of its AI strategy and how quickly it translates into margin-accretive growth. Investors should monitor the Q1 FY2027 earnings call on July 24, 2026, for early signals on the sustainability of the current growth trajectory.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on MPHASIS

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

📡 Get AI alerts when MPHASIS files new disclosures

Track MPHASIS filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track MPHASIS — Free

Free account · 2 AI queries/day