Mphasis is an Indian IT services firm whose Front Office and Back Office services, built on its Blue Cloud and Mphasis Direct cloud and AI platforms, are aimed mainly at banks and financial institutions, which is where most of its revenue comes from. Its edge is a deep domain franchise in banking and capital markets, so its large-enterprise clients tend to stay put and buy more over time. Revenue growth of 17.5% is well ahead of most listed peers, and at a 25.0x trailing multiple against a 19.7x forward multiple, the market is pricing in continued earnings expansion. The 44.5% gross margin and 17.7% return on equity suggest the growth is not being bought with pricing that hurts profitability. Worth a deeper look on whether the operating margin of 14.8% can keep widening as AI-led deals ramp.
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | ₹2665 | first publication | ₹2500 |
Answered from Mphasis Limited fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| MPHASIS.NS Mphasis Limited | ₹2480.00 | - | - | 25.0x | 17.7% | 72 | 61 |
| 2327.T NS Solutions Corporation | ¥4252.00 | - | - | 24.9x | 11.7% | 63 | 63 |
| 4733.T OBIC Business Consultants Co., Ltd. | ¥9414.00 | - | - | 37.4x | 11.5% | 81 | 65 |
| LTTS.NS L&T Technology Services Limited | ₹3954.80 | - | - | 31.0x | - | 81 | 57 |
| 3626.T TISI Inc. | ¥4460.00 | - | - | 20.3x | 15.4% | 68 | 67 |
| 4812.T Dentsu Soken Inc. | ¥2871.00 | - | - | 31.9x | 17.5% | 68 | 71 |
| 8056.T BIPROGY Inc. | ¥5168.00 | - | - | 16.1x | 17.4% | 60 | 47 |
Where MPHASIS.NS ranks against its sector peers on each metric.