Mphasis Limited is a leading global provider of information technology (IT) solutions, specializing in cloud and cognitive services. The company delivers end-to-end digital transformation solutions across industries such as banking, financial services, insurance, healthcare, and logistics. With its customer-first approach and focus on innovation, Mphasis empowers businesses to achieve agility, scalability, and operational excellence. As of December, 03, 2024, the Mphasis share price on the NSE is ₹3040. Below are the projected Mphasis share price target for the years 2024, 2025, 2026, 2027, 2030, 2035 And 2040.
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Mphasis Company Overview
Incorporated in 1998 and headquartered in Bangalore, India, Mphasis Limited leverages cutting-edge technologies such as artificial intelligence, machine learning, cloud computing, and blockchain to offer tailored IT solutions. The company’s flagship service offerings include application development, infrastructure management, business process outsourcing (BPO), and enterprise automation.
Company type | Public |
Traded as | BSE: 526299 NSE: MPHASIS |
Industry | Information technology Consulting Outsourcing |
Founded | 1998; 26 years ago |
Founders | Jerry RaoJeroen Tas |
Headquarters | Bangalore, Karnataka, India |
Key people | Nitin Rakesh (CEO) |
Revenue | ₹13,709 crore(FY24) |
Operating income | ₹2,506 crore(FY24) |
Net income | ₹1,595 crore(FY24) |
Owner | Blackstone (39.85%) |
Number of employees | 37,500 (December 2024) |
Website | www.mphasis.com |
Mphasis Share Price Target 2025-2040 Forecast
Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
2024 | 3150 | 2100 | 2870 |
2025 | 3500 | 2450 | 3290 |
2026 | 3950 | 3050 | 3620 |
2027 | 4380 | 3320 | 4020 |
2028 | 4990 | 3820 | 4370 |
2029 | 5500 | 4010 | 5190 |
2030 | 5850 | 4720 | 5520 |
2035 | 9750 | 5040 | 9100 |
2040 | 15400 | 8220 | 13640 |
Technical Analysis for Mphasis
Mphasis Share Price Target 2025
Year | 1st Target | 2nd Target |
2025 | 3270 | 3500 |
Mphasis, a leading provider of IT solutions and services, is positioned for robust growth backed by its expertise in cloud and digital transformation. For 2025, the share price is projected at a first target of ₹3270 and a second target of ₹3500, reflecting its strong market presence and innovative solutions.
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Mphasis Share Price Target 2026
Year | 1st Target | 2nd Target |
2026 | 3820 | 3950 |
By 2026, Mphasis is expected to strengthen its performance through strategic partnerships and focus on emerging technologies. The share price is estimated to reach a first target of ₹3820 and a second target of ₹3950, showcasing its ability to drive value for stakeholders.
Mphasis Share Price Target 2027
Year | 1st Target | 2nd Target |
2027 | 4100 | 4380 |
With continued growth in demand for IT services and Mphasis’s focus on expanding its global footprint, the company’s share price for 2027 is projected at ₹4100 for the first target and ₹4380 for the second target, driven by sustainable business growth.
Mphasis Share Price Target 2028
Year | 1st Target | 2nd Target |
2028 | 4750 | 4990 |
By 2028, Mphasis is likely to see accelerated growth due to its investments in AI and data analytics, enabling innovation across its service offerings. The share price is expected to reach a first target of ₹4750 and a second target of ₹4990, reflecting its competitive edge.
Mphasis Share Price Target 2029
Year | 1st Target | 2nd Target |
2029 | 5350 | 5500 |
In 2029, Mphasis’s consistent performance and market expansion are anticipated to boost its valuation further. The first target share price is projected at ₹5350, with a second target of ₹5500, indicating steady long-term growth.
Mphasis Share Price Target 2030
Year | 1st Target | 2nd Target |
2030 | 5650 | 5850 |
By 2030, Mphasis is expected to solidify its position as a leader in IT services, leveraging advanced technologies to drive customer success. The first target share price is estimated at ₹5650, with a second target of ₹5850, underscoring its robust market potential.
Mphasis Share Price Target 2035
Year | 1st Target | 2nd Target |
2035 | 8500 | 9750 |
Over the long term, Mphasis’s strong fundamentals and focus on innovation are likely to deliver significant growth. By 2035, the share price is projected at a first target of ₹8500 and a second target of ₹9750, demonstrating its sustained value creation for investors.
Read More:- Indian Infotech Share Price Target 2025, 2030, 2035, 2040
Mphasis Share Price Target 2040
Year | 1st Target | 2nd Target |
2040 | 13800 | 15400 |
By 2040, Mphasis is anticipated to achieve remarkable growth through continuous innovation and leadership in IT services. The share price is estimated to reach ₹13800 for the first target and ₹15400 for the second target, highlighting its long-term growth potential.
Mphasis Ltd Fundamentals
Parameter | Value |
Market Cap | ₹57,780Cr |
P/E Ratio (TTM) | 36.23 |
P/B Ratio | 6.66 |
Industry P/E | 33.31 |
Debt to Equity | 0.21 |
ROE | 18.39% |
EPS (TTM) | 84.13 |
Dividend Yield | 1.80% |
52 Week High | ₹2,180 |
52 Week Low | ₹3,187 |
Book Value | 457.40 |
Face Value | 10 |
Mphasis Ltd Financial Results
All in ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
Sales | 9,722 | 11,961 | 13,798 | 13,279 | 13,709 |
Expenses | 7,919 | 9,844 | 11,365 | 10,857 | 11,203 |
Operating Profit | 1,803 | 2,118 | 2,434 | 2,422 | 2,506 |
OPM % | 19% | 18% | 18% | 18% | 18% |
Other Income | 133 | 160 | 162 | 218 | 251 |
Interest | 63 | 74 | 97 | 161 | 193 |
Depreciation | 242 | 291 | 325 | 410 | 443 |
Profit before tax | 1,631 | 1,913 | 2,173 | 2,068 | 2,121 |
Tax % | 25% | 25% | 25% | 25% | |
Net Profit | 1,217 | 1,431 | 1,638 | 1,555 | 1,595 |
EPS in Rs | 65.06 | 76.19 | 86.94 | 82.27 | 84.36 |
Dividend Payout % | 100% | 60% | 58% | 67% |
Mphasis Balance Sheet
All in ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
Equity Capital | 187 | 188 | 188 | 189 | 189 |
Reserves | 6,340 | 6,755 | 7,746 | 8,606 | 8,480 |
Borrowings | 513 | 527 | 198 | 1,544 | 1,820 |
Other Liabilities | 2,324 | 3,214 | 3,373 | 3,662 | 3,092 |
Total Liabilities | 9,365 | 10,684 | 11,506 | 14,000 | 13,582 |
Fixed Assets | 3,020 | 3,774 | 4,060 | 5,533 | 5,558 |
CWIP | 3 | 11 | 32 | 61 | 0 |
Investments | 1,846 | 1,813 | 1,753 | 3,090 | 2,123 |
Other Assets | 4,496 | 5,087 | 5,662 | 5,316 | 5,901 |
Total Assets | 9,365 | 10,684 | 11,506 | 14,000 | 13,582 |
Mphasis Ltd Shareholding Pattern
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
Promoters | 56.03% | 55.80% | 55.63% | 55.45% | 40.32% |
FIIs | 21.82% | 21.09% | 17.72% | 14.84% | 18.25% |
DIIs | 17.15% | 18.04% | 21.00% | 24.63% | 36.87% |
Public | 4.99% | 5.07% | 5.65% | 5.08% | 4.54% |
Others | 0.00% | 0.00% | 0.00% | 0.01% | 0.03% |
No. of Shareholders | 65,810 | 1,26,895 | 1,69,215 | 1,47,350 | 1,49,318 |
Mphasis Dividend History
Announcement Date | Ex-Dividend Date | Dividend Type | Dividend (Rs) |
26 Apr, 2024 | 10 Jul, 2024 | Final | 55.00 |
28 Apr, 2023 | 05 Jul, 2023 | Final | 50.00 |
29 Apr, 2022 | 05 Jul, 2022 | Final | 46.00 |
14 May, 2021 | 13 Sep, 2021 | Final | 38.00 |
15 May, 2021 | 13 Sep, 2021 | Special | 27.00 |
14 May, 2020 | 02 Jul, 2020 | Final | 35.00 |
28 May, 2019 | 11 Jul, 2019 | Final | 27.00 |
10 May, 2018 | 26 Jul, 2018 | Final | 20.00 |
26 May, 2017 | 13 Jul, 2017 | Final | 17.00 |
28 Sep, 2016 | 19 Oct, 2016 | Final | 20.00 |
25 May, 2015 | 25 Aug, 2015 | Final | 16.00 |
15 May, 2014 | 16 Jul, 2014 | Final | 7.00 |
05 Dec, 2013 | 22 Jan, 2014 | Final | 17.00 |
05 Dec, 2012 | 17 Jan, 2013 | Final | 17.00 |
30 Nov, 2011 | 15 Feb, 2012 | Final | 6.50 |
22 Nov, 2010 | 10 Feb, 2011 | Final | 4.00 |
25 Nov, 2009 | 10 Feb, 2010 | Final | 3.50 |
26 Nov, 2008 | 22 Jan, 2009 | Final | 2.00 |
02 May, 2008 | 16 Jul, 2008 | Final | 3.30 |
03 May, 2007 | 07 Sep, 2007 | Final | 3.00 |
19 Apr, 2006 | 24 Aug, 2006 | Final | 3.00 |
12 Apr, 2005 | 22 Sep, 2005 | Final | 3.00 |
08 Apr, 2004 | 23 Jul, 2004 | Final | 1.50 |
09 Apr, 2004 | 23 Jul, 2004 | Interim | 1.50 |
09 Apr, 2003 | 28 May, 2003 | Final | 3.00 |
09 Apr, 2002 | 23 Sep, 2002 | Final | 1.50 |
17 Apr, 2001 | 14 Aug, 2001 | Final | 1.00 |
Mphasis Bonuses History
Announcement Date | Ex-Bonus Date | Bonus Ratio | Remarks |
11 Apr, 2005 | 11 Nov, 2005 | 1:1 | For every 1 share held; Holder will receive 1 bonus share. |
08 Apr, 2004 | 26 May, 2004 | 1:1 | For every 1 share held; Holder will receive 1 bonus share. |
17 Apr, 2003 | 02 Jul, 2003 | 1:1 | For every 1 share held; Holder will receive 1 bonus share. |
Mphasis Peers comparison
Sector: IT – Software | Industry: Computers – Software – Large | ||||
Name | P/E | Mar CapRs.Cr. | Div Yld% | NP QtrRs.Cr. | ROCE% |
TCS | 32.31 | 1554981.64 | 1.29 | 11955.00 | 64.28 |
Infosys | 29.16 | 785812.72 | 2.02 | 6516.00 | 39.99 |
HCL Technologies | 30.52 | 513154.03 | 2.74 | 4237.00 | 29.60 |
Wipro | 26.10 | 305915.33 | 0.16 | 3226.60 | 16.93 |
LTIMindtree | 39.55 | 183947.97 | 1.03 | 1251.60 | 31.17 |
Tech Mahindra | 52.34 | 171302.74 | 2.27 | 1257.50 | 11.88 |
Persistent Sys | 74.65 | 92052.84 | 0.44 | 325.00 | 29.17 |
Mphasis | 36.23 | 57741.78 | 1.81 | 423.33 | 23.95 |
Median: 9 Co. | 36.23 | 183947.97 | 1.29 | 1257.5 | 29.6 |
FAQs
Q1: Mphasis Share Price Target 2025?
Ans: The share price target for Mphasis in 2025 is expected to reach ₹3270 as the first target and ₹3500 as the second target, driven by its strong presence in IT services and digital transformation solutions.
Q2: Mphasis Share Price Target 2026?
Ans: By 2026, the share price is projected to achieve ₹3820 as the first target and ₹3950 as the second target, reflecting continued growth in its global client base and innovative technology offerings.
Q3: Mphasis Share Price Target 2027?
Ans: In 2027, Mphasis’ share price is anticipated to reach ₹4100 as the first target and ₹4380 as the second target, supported by its expansion into emerging technologies and markets.
Q4: Mphasis Share Price Target 2028?
Ans: The share price for 2028 is expected to hit ₹4750 as the first target and ₹4990 as the second target, showcasing the company’s robust growth trajectory.
Q5: Mphasis Share Price Target 2029?
Ans: For 2029, the share price is forecasted to achieve ₹5350 as the first target and ₹5500 as the second target, driven by consistent financial performance and strategic partnerships.
Q6: Mphasis Share Price Target 2030?
Ans: By 2030, Mphasis’ share price is anticipated to reach ₹5650 as the first target and ₹5850 as the second target, indicating sustained growth fueled by advancements in IT solutions.
Q7: Mphasis Share Price Target 2035?
Ans: In 2035, the share price is estimated to reach ₹8500 as the first target and ₹9750 as the second target, reflecting significant long-term value creation and market leadership.
Q8: Mphasis Share Price Target 2040?
Ans: By 2040, Mphasis’ share price is projected to achieve ₹13800 as the first target and ₹15400 as the second target, highlighting its position as a leader in the global IT services industry.
Q9: What are Mphasis’ growth ambitions?
Ans: Mphasis aims to become a $10 billion company in the next 3-5 years by focusing on customer-centric solutions, increasing market share in geographies like Europe, and pursuing strategic mergers and acquisitions.
Q10: Who is the CEO of Mphasis?
Ans: The CEO and Managing Director of Mphasis is Nitin Rakesh. He has been in this role since 2017 and is known for driving the company’s digital transformation and global expansion.

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