Financials Mphasis Limited NSE India S.E.

Equities

MPHASIS

INE356A01018

IT Services & Consulting

Delayed NSE India S.E. 05:22:52 2024-04-30 am EDT 5-day change 1st Jan Change
2,334 INR -0.29% Intraday chart for Mphasis Limited +4.07% -14.78%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 184,143 123,894 333,580 634,185 338,451 442,778 - -
Enterprise Value (EV) 1 172,452 108,572 318,142 620,214 316,223 451,265 425,618 418,624
P/E ratio 17.8 x 10.5 x 27.7 x 44.7 x 20.8 x 29.2 x 25.8 x 22.4 x
Yield 2.73% 5.27% 2.13% 1.36% 2.78% 2.29% 2.55% 2.84%
Capitalization / Revenue 2.38 x 1.4 x 3.43 x 5.3 x 2.45 x 3.4 x 3.06 x 2.74 x
EV / Revenue 2.23 x 1.23 x 3.27 x 5.19 x 2.29 x 3.4 x 2.94 x 2.59 x
EV / EBITDA 13 x 6.58 x 17.6 x 29.3 x 13 x 18.6 x 16 x 13.9 x
EV / FCF 19.9 x 9.09 x 23.9 x 38.9 x 23.4 x 26.7 x 25.6 x 21.9 x
FCF Yield 5.01% 11% 4.18% 2.57% 4.26% 3.75% 3.91% 4.56%
Price to Book 3.51 x 2.13 x 5.16 x 9.2 x 4.27 x 5.36 x 4.77 x 4.44 x
Nbr of stocks (in thousands) 186,219 186,447 187,042 187,818 188,400 188,959 - -
Reference price 2 988.8 664.5 1,783 3,377 1,796 2,343 2,343 2,343
Announcement Date 5/27/19 5/14/20 5/13/21 4/28/22 4/27/23 4/25/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 77,310 88,435 97,223 119,614 137,985 132,785 144,716 161,830
EBITDA 1 13,238 16,504 18,029 21,176 24,340 24,219 26,573 30,042
EBIT 1 12,480 14,188 15,611 18,269 21,087 20,114 22,191 25,413
Operating Margin 16.14% 16.04% 16.06% 15.27% 15.28% 15.15% 15.33% 15.7%
Earnings before Tax (EBT) 1 14,073 15,154 16,306 19,129 21,731 20,683 22,952 26,588
Net income 1 10,734 11,848 12,168 14,309 16,379 15,548 17,220 19,947
Net margin 13.88% 13.4% 12.52% 11.96% 11.87% 11.71% 11.9% 12.33%
EPS 2 55.50 63.09 64.43 75.61 86.37 81.83 90.74 104.7
Free Cash Flow 1 8,648 11,949 13,284 15,957 13,486 16,160 16,622 19,109
FCF margin 11.19% 13.51% 13.66% 13.34% 9.77% 12.13% 11.49% 11.81%
FCF Conversion (EBITDA) 65.33% 72.4% 73.68% 75.35% 55.41% 67.17% 62.55% 63.61%
FCF Conversion (Net income) 80.57% 100.85% 109.17% 111.52% 82.34% 103.76% 96.53% 95.8%
Dividend per Share 2 27.00 35.00 38.00 46.00 50.00 53.72 59.78 66.47
Announcement Date 5/27/19 5/14/20 5/13/21 4/28/22 4/27/23 4/25/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 26,908 28,692 31,237 32,777 34,112 35,198 35,062 33,612 32,520 32,765 33,379 34,149 34,812 35,663 36,356
EBITDA 1 4,893 4,980 5,531 5,772 6,000 6,178 6,175 5,987 5,869 5,956 6,006 6,177 6,210 6,399 6,632
EBIT 1 4,270 4,320 4,705 4,973 5,204 5,376 5,354 5,152 4,995 5,067 4,972 5,168 5,237 5,435 5,582
Operating Margin 15.87% 15.06% 15.06% 15.17% 15.26% 15.27% 15.27% 15.33% 15.36% 15.46% 14.9% 15.13% 15.04% 15.24% 15.35%
Earnings before Tax (EBT) 1 4,581 4,597 4,796 5,156 5,329 5,551 5,510 5,341 5,258 5,217 4,986 5,224 5,406 5,773 5,846
Net income 1 3,397 3,415 3,577 3,921 4,019 4,185 4,123 4,053 3,961 3,919 3,736 3,916 4,085 4,254 4,385
Net margin 12.62% 11.9% 11.45% 11.96% 11.78% 11.89% 11.76% 12.06% 12.18% 11.96% 11.19% 11.47% 11.73% 11.93% 12.06%
EPS 2 17.91 17.96 18.85 20.61 21.17 22.10 21.78 21.39 20.93 20.62 19.64 20.44 21.50 22.17 22.73
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 7/22/21 10/21/21 1/20/22 4/28/22 7/21/22 10/20/22 1/19/23 4/27/23 7/20/23 10/19/23 2/1/24 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 11,691 15,322 15,438 13,972 22,228 11,414 17,160 24,154
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 8,648 11,949 13,284 15,957 13,486 16,160 16,622 19,109
ROE (net income / shareholders' equity) 20% 21.4% 19.7% 21.2% 22% 19.6% 19.2% 20.7%
ROA (Net income/ Total Assets) 15% 14.7% 13.4% 14.2% 14.6% 13.8% 11.7% 12.9%
Assets 1 71,782 80,623 90,739 100,775 111,828 112,910 147,382 154,907
Book Value Per Share 2 282.0 313.0 346.0 367.0 421.0 438.0 491.0 528.0
Cash Flow per Share 2 49.10 70.30 77.00 90.70 77.10 101.0 109.0 120.0
Capex 1 849 1,261 1,262 1,200 1,131 13,627 3,777 3,911
Capex / Sales 1.1% 1.43% 1.3% 1% 0.82% 10.23% 2.61% 2.42%
Announcement Date 5/27/19 5/14/20 5/13/21 4/28/22 4/27/23 4/25/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
29
Last Close Price
2,343 INR
Average target price
2,472 INR
Spread / Average Target
+5.49%
Consensus