MphasiS logo

MphasiS share price

NSE: MPHASISBSE: 526299IT - SoftwareMid Cap

MphasiS Limited · Formerly Mphasis BFL · Face value ₹10 · Listed Feb 1994 on BSE, Jun 2004 on NSE
Last close ₹2,618.40up ₹60.80 (2.38%)BSE ₹2,580.60

Share price at the NSE close on 27 Oct 2026. Previous close ₹2,557.60.

27 Oct: open ₹2,533.90, high ₹2,618.40, low ₹2,498.70

52-week range of traded prices to 27 Oct 2026
₹2,013.00Low, 30 Mar 2026₹2,975.00High, 3 Feb 2026
Market cap
₹49,998 Cr206th largest listed
P/E
26.17
P/B
4.65
Dividend yield
2.37%
ROE
18.8%
ROCE
19.9%
Debt to equity
0.17
Volume, NSE
4,75,32061.4% delivered

MphasiS share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−9.4%over a year · Nifty IT −10.9% · Nifty 500 −8.8%

Results20-session average 7,18,604 shares a day, 50.8% delivered

About MphasiS

Mphasis Limited is an information technology (IT) services company that helps enterprises around the world modernise their systems and use artificial intelligence (AI) in their business.12 Its services cover building, maintaining and testing software for clients, running business processes such as customer service and transaction processing, and managing IT infrastructure such as data centres and help desks.3 It is based in Bengaluru.2

It reports its results by industry segment: Banking and Financial Services, Insurance, Technology Media and Telecom, Logistics and Transportation, and Others.4 It sells 2 product lines, both on its AI platform Mphasis Tria: Mphasis Modernize, which rebuilds the core of enterprise software, and Mphasis Optimize, which improves decisions on revenue, demand and inventory.56 Including its subsidiaries, it has 15 offices in India and 30 abroad, in countries including the United States, the United Kingdom, Canada, Mexico and China.78 It had 43 subsidiaries at 31 Mar 2026, 39 of them outside India.9

It was incorporated in 1992, and the present company was formed in June 2000 through a merger.101 Blackstone Group, through its fund Marble II PTE, completed a purchase of its shares in September 2016, and it has been a Blackstone group company since.1 Its promoter, BCP Topco IX Pte. Ltd, held 30.55% of its shares at 31 Mar 2026, against 40.14% a year earlier.11

MphasiS key points

Results

  • In the year to Mar 2026, consolidated revenue from operations was ₹158,796 million, up 11.6% from ₹142,300 million, and profit for the year was ₹18,626 million, against ₹17,021 million.1213
  • Operating profit (before other income, interest and tax) rose 11.9% to ₹24,281 million in the year, a margin of 15.3%, unchanged. Profit included a one-off ₹355 million charge for changes in labour laws.1415
  • In the quarter to Jun 2026, gross revenue was $471 million, up 2.1% from the previous quarter and 8.3% from a year earlier in constant currency (at fixed exchange rates).1617
  • The quarter's operating margin was 14.8%, against 15.4% in the quarter to Mar 2026 and 15.3% a year earlier; earnings per share fell 4% from the previous quarter to ₹25.6.1819

Business segments

  • In the year to Mar 2026, Banking and Financial Services brought in ₹83,786 million of revenue, up 21.3% on a reported basis, and Technology Media and Telecom ₹28,696 million, against ₹23,939 million.2021
  • Banking and Financial Services and Insurance together made up 67.0% of revenue in the year to Mar 2026.22
  • Logistics and Transportation's segment result (revenue less its own costs) fell to ₹672.71 million in the year to Mar 2026, from ₹6,108.47 million. On its call of 24 Jul 2026, the company said the unit is now smaller, so small changes drive high percentage swings.2324

Revenue mix

  • Share of gross revenue by service25
    Itemyear to Mar 2026year to Mar 2025
    Application services75%72%
    Business process services14%16%
    Infrastructure services11%12%
  • In the year to Mar 2026, direct revenue, which the company reports apart from its DXC business, grew 14.7%, or 8.7% in constant currency, to ₹156,656 million; revenue from DXC fell 14.8% to ₹3,186 million, 2.0% of gross revenue.26
  • Fixed-price contracts (a set fee for agreed work) made up about 44.3% of revenue in the year to Mar 2026, and their revenue grew 56.1%.27

Where revenue comes from

  • Share of gross revenue by client region28
    Itemyear to Mar 2026year to Mar 2025
    Americas84%81%
    Europe, Middle East and Africa9%10%
    India5%–
    Rest of the world2%–
  • Revenue from the Americas grew 15.6% in the year to Mar 2026 on a reported basis; in the quarter to Jun 2026, direct revenue there grew 11.4% from a year earlier.2930

Deals and pipeline

  • New deals signed in the quarter to Jun 2026 had a total contract value (TCV, a deal's full value over its life) of $461 million, the fifth quarter in a row above $400 million; 63% was AI-led.3132
  • TCV over the 12 months to Jun 2026 was more than $1.8 billion; the quarter brought 3 deals the company calls large, 1 of them worth over $100 million.33
  • In the quarter to Jun 2026, the pipeline (deals under discussion) grew 8% from the previous quarter and 28% from a year earlier; AI-led deals made up 70% of it.3435

Customers and partners

  • In the year to Mar 2026, 1 customer group accounted for more than 10% of revenue, as in the year before.36
  • Mphasis's direct revenue from its 10 largest clients, ranked by revenue over the trailing year, grew 11.1% over the year to Jun 2026, and from clients ranked 11 to 30 by 21.0%, in constant currency.37

What the company expects

  • On its earnings call of 24 Jul 2026, the company said it expects revenue growth of high single digits to low double digits in constant currency in the year to Mar 2027, with an operating margin in its target band of 14.75% to 15.75%.3839
  • In its presentation of 24 Jul 2026, the company said it expects the quarter to Sep 2026 to bring its highest growth over a previous quarter, in constant currency, in the last 3 years; the company's documents give no outcome.40

Recent events

  • On 2 Sep 2026 Mphasis agreed with TechnoPro Holdings, a Japanese engineering staffing and IT services group, that TechnoPro is to offer its Mphasis Modernize and Mphasis Optimize product lines in Japan.41
  • On 29 Apr 2026 the Board proposed a final dividend of ₹62 a share for the year to Mar 2026, subject to shareholders' approval at the annual general meeting.42
  • On 21 Apr 2026 Mphasis bought all of Theory and Practice Business Intelligence (TAP), a Vancouver company whose Continuum AI platform combines AI with behavioural economics to improve business decisions, for CAD 10 million upfront and up to CAD 20 million tied to milestones.4344
  • On 16 Jan 2026 Mphasis bought the remaining 49% of Mrald Limited, a UK provider of operational support to insurance intermediaries and reinsurers, from its joint-venture partner Ardonagh Services Limited, making Mrald a wholly owned subsidiary.45

Last updated

All 45 sources, each with its page
  1. 1. Annual report, 2 Jul 2026, page 118
  2. 2. Annual report, 2 Jul 2026, page 139
  3. 3. Annual report, 2 Jul 2026, page 120
  4. 4. Annual report, 2 Jul 2026, page 181
  5. 5. Annual report, 2 Jul 2026, page 24
  6. 6. Earnings call, 24 Jul 2026, page 4
  7. 7. Annual report, 2 Jul 2026, page 268
  8. 8. Annual report, 2 Jul 2026, page 269
  9. 9. Annual report, 2 Jul 2026, page 48
  10. 10. Annual report, 2 Jul 2026, page 268
  11. 11. Annual report, 2 Jul 2026, page 165
  12. 12. Annual report, 2 Jul 2026, page 46
  13. 13. Annual report, 2 Jul 2026, page 119
  14. 14. Annual report, 2 Jul 2026, page 121
  15. 15. Annual report, 2 Jul 2026, page 121
  16. 16. Earnings call, 24 Jul 2026, page 6
  17. 17. Investor presentation, 24 Jul 2026, page 13
  18. 18. Investor presentation, 24 Jul 2026, page 13
  19. 19. Earnings call, 24 Jul 2026, page 7
  20. 20. Annual report, 2 Jul 2026, page 120
  21. 21. Annual report, 2 Jul 2026, page 119
  22. 22. Annual report, 2 Jul 2026, page 119
  23. 23. Annual report, 2 Jul 2026, page 182
  24. 24. Earnings call, 24 Jul 2026, page 11
  25. 25. Annual report, 2 Jul 2026, page 120
  26. 26. Annual report, 2 Jul 2026, page 119
  27. 27. Annual report, 2 Jul 2026, page 121
  28. 28. Annual report, 2 Jul 2026, page 120
  29. 29. Annual report, 2 Jul 2026, page 120
  30. 30. Earnings call, 24 Jul 2026, page 6
  31. 31. Earnings call, 24 Jul 2026, page 5
  32. 32. Earnings call, 24 Jul 2026, page 6
  33. 33. Earnings call, 24 Jul 2026, page 6
  34. 34. Earnings call, 24 Jul 2026, page 6
  35. 35. Earnings call, 24 Jul 2026, page 5
  36. 36. Annual report, 2 Jul 2026, page 182
  37. 37. Investor presentation, 24 Jul 2026, page 12
  38. 38. Investor presentation, 24 Jul 2026, page 6
  39. 39. Earnings call, 24 Jul 2026, page 5
  40. 40. Investor presentation, 24 Jul 2026, page 6
  41. 41. Exchange filing, 2 Sep 2026, page 2
  42. 42. Annual report, 2 Jul 2026, page 193
  43. 43. Exchange filing, 21 Apr 2026, page 2
  44. 44. Exchange filing, 21 Apr 2026, page 1
  45. 45. Annual report, 2 Jul 2026, page 48

Results

Consolidated; ₹ crore.MphasiS quarterly results

Revenue growth, 12 months
+13.7%
Net profit growth, 12 months
+9.8%

Quarter to Jun 2026, against the quarter before

Revenue
₹4,384 Crup 3.33%
Net profit
₹490 Crdown 3.95%
Net margin
11.2%

Revenue by quarter

₹3,536 CrSep 24₹3,561 CrDec 24₹3,710 CrMar 25₹3,732 CrJun 25₹3,902 CrSep 25₹4,003 CrDec 25₹4,243 CrMar 26₹4,384 CrJun 26
Peak revenue ₹4,384 Cr, quarter to Jun 2026; lowest ₹3,536 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹423 CrSep 24₹428 CrDec 24₹446 CrMar 25₹442 CrJun 25₹469 CrSep 25₹442 CrDec 25₹510 CrMar 26₹490 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue3,5363,5613,7103,7323,9024,0034,2434,384
Net profit423428446442469442510490
Net margin12.0%12.0%12.0%11.8%12.0%11.0%12.0%11.2%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Banking and Financial Services₹8,379 Crup 21.27%52.3%
  • Technology Media and Telecom₹2,870 Crup 19.87%17.9%
  • Insurance₹2,344 Crup 44.47%14.6%
  • Logistics and Transportation₹872 Crdown 50.79%5.4%
  • Others₹1,546 Crup 1.28%9.7%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.MphasiS PE ratio and valuation

Price to earnings

At or below today's level on 60% of 2,478 trading days over the last 10 years.

LowestHighest
Its median24.42Industry median16.61
Price to book

At or below today's level on 37% of 1,988 trading days since Oct 2018.

LowestHighest
Its median5.29Industry median2.47
Dividend yield

At or below today's level on 59% of 2,417 trading days over the last 10 years.

LowestHighest
Its median2.21%Industry median1.56%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−14.9%+8.8%−24.6%3.0%
3 years+7.1%+4.0%+0.6%2.5%
5 years+5.3%+8.5%−5.1%2.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.MphasiS shareholding pattern

Shareholding by group

  • Promoters30.53%
  • Foreign institutions19.39%
  • Indian institutions45.85%
  • Individuals and others4.23%
Holder
BCP TOPCO IX PTE. LTD.Promoter30.53%
LIFE INSURANCE CORPORATION OF INDIA (including other LIC funds consolidated based on PAN)Insurance companies6.94%
SBI LIFE INSURANCE CO. LTDInsurance companies1.86%
HDFC LIFE INSURANCE COMPANY LIMITED (including other HDFC funds consolidated based on PAN)Insurance companies1.85%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I1.52%
TATA AIA LIFE INSURANCE COMPANY LIMITED (VARIOUS SCHEMES)Insurance companies1.06%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 100.00% of their shares. Since Jun 2026: promoters −0.01 pts, foreign institutions −0.11 pts, Indian institutions +0.54 pts, mutual funds +0.59 pts.

Mutual fund holdings

250 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 110 of the 142 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 250 funds holding MphasiS

Bought for the first time
2
Bought again
3
Added
71
Cut
71
Held unchanged
101
Sold out
11
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.MphasiS insider trading

Bought on the market Sold on the market
  • Promoters and promoter group0 purchases, 1 saleNo purchase₹4,726 CrNet−₹4,726 Cr1 pledge filing of unclear kind
  • Others: no market trade · 2 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

MphasiS competitors and peers

Computers - Software & Consulting, 98 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to MphasiS in market cap.IT companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Tech Mahindra logoTech MahindraTECHM1,77,54632.185.98+13.6%+23.7%19.3%26.7%2.82%
LTM logoLTMLTM1,20,41923.044.65+14.7%+7.4%21.2%27.3%1.92%
Persistent Systems logoPersistent SystemsPERSISTENT92,00851.0210.71+27.1%+8.3%22.9%27.2%0.69%
Coforge logoCoforgeCOFORGE88,47545.143.96+41.2%+68.0%13.4%10.7%0.60%
Hexaware Technologies logoHexaware TechnologiesHEXT34,78825.895.18––21.5%26.4%3.16%
Tata Elxsi logoTata ElxsiTATAELXSI23,19934.627.96+10.0%−0.1%23.9%28.2%2.01%
KPIT Technologies logoKPIT TechnologiesKPITTECH14,58225.034.12+9.6%−27.8%18.1%22.7%1.41%
Fractal Analytics logoFractal AnalyticsFRACTAL13,132–4.12––––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.MphasiS dividend history

Dividend per share, ₹, restated for later splits and bonuses

17Mar 1720Mar 1827Mar 1935Mar 2065Mar 2146Mar 2250Mar 2355Mar 2457Mar 2562Mar 26
Highest ₹65.00 a share, year to Mar 2021.
Ex-dateTypePer share
8 Jul 2026Final₹62.00
9 Jul 2025Final₹57.00
10 Jul 2024Final₹55.00
5 Jul 2023Final₹50.00
5 Jul 2022Final₹46.00
13 Sep 2021Final₹38.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.MphasiS announcements

MphasiS share price by year

Each calendar year to 2025.MphasiS share price history

YearClose at year endChangeHighest closeLowest close
20252,791.20−2.0%3,009.302,102.20
20242,847.20+3.9%3,197.302,229.30
20232,739.75+38.9%2,739.751,669.10
20221,972.80−41.9%3,429.001,899.65
20213,396.70+120.6%3,546.451,519.35
20201,539.95+67.0%1,590.40641.40
2019922.25−9.4%1,053.75833.80
20181,018.45+40.4%1,268.85710.00
2017725.65+28.4%751.60519.70
2016565.25+13.6%594.85415.75
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20262,435.002,563.302,435.002,557.602,523.615,23,60960.2%
23 Oct 20262,545.002,585.602,470.102,480.002,504.3810,86,48949.9%
22 Oct 20262,587.802,601.402,499.502,499.502,536.325,80,87446.6%
21 Oct 20262,500.002,580.002,491.002,575.002,556.1512,24,49550.1%
19 Oct 20262,515.802,515.802,453.002,500.002,490.247,65,44059.0%
16 Oct 20262,465.702,521.702,455.102,500.002,495.8512,82,73264.7%
15 Oct 20262,460.002,485.202,424.302,453.202,453.736,83,41855.9%
14 Oct 20262,466.302,512.702,420.002,435.302,459.734,92,44846.5%
13 Oct 20262,377.002,467.402,377.002,466.302,440.6511,04,05635.3%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Buyback history

Ex-dateEventPrice factorWhat happened
25 Feb 2011Price move–Between two trading sessions the price moved by a fifth or more. The company's board met on results that day or since the trading day before. Not adjusted for.
Each event is noted and not adjusted for.

Company details

Managing director and CEO
Nitin Rakesh
At the end of the quarter to Jun 2026
Chairperson
Girish Srikrishna Paranjpe
At the end of the quarter to Jun 2026
NSE symbol
MPHASIS
BSE code
526299
ISIN
INE356A01018
Industry
IT - Software
Former symbols
MPHASISBFL, BFLSOFTWAR
CIN
L30007KA1992PLC025294
Corporate identity number, the registrar of companies' code for it
Incorporated
1992
Registered office
Bagmane World Technology Center,, Marathalli Outer Ring Road,, Doddanakundhi Village,, Mahadevapura, Bengaluru 560048, Karnataka
Share registrar
Integrated Registry Management Services Pvt. Ltd (Integrated Enterprises (India) Ltd)
Keeps the register of shareholders and handles transfers and dividend payments