ThinkStock Photos has buy call on Mphasis with a target price of Rs 2600. The current market price of . is Rs 2416.65. Time period given by analyst is one year when Ltd. price can reach defined target.
MphasiS Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 45601.21 Crore) operating in IT Software sector.
MphasiS Ltd. key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3446.86 Crore, up 3.92 % from last quarter Total Income of Rs 3316.82 Crore and up 25.91 % from last year same quarter Total Income of Rs 2737.55 Crore. Company reported net profit after tax of Rs 401.88 Crore in latest quarter.
Investment Rationale
Mphasis still trades at a discount to its Tier II peers despite the unique success it has exhibited in scaling up large client accounts and aims to replicate that outside of the BFS vertical through a mix of NCA and mining efforts. It remains confident of growth remaining on par with peers, and given the likely ‘stable to improving’ margins trajectory it retains BUY.
Promoter/FII Holdings
Promoters held 55.72 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.48 per cent, DIIs 18.16 per cent.
MphasiS Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 45601.21 Crore) operating in IT Software sector.
MphasiS Ltd. key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3446.86 Crore, up 3.92 % from last quarter Total Income of Rs 3316.82 Crore and up 25.91 % from last year same quarter Total Income of Rs 2737.55 Crore. Company reported net profit after tax of Rs 401.88 Crore in latest quarter.
Investment Rationale
Mphasis still trades at a discount to its Tier II peers despite the unique success it has exhibited in scaling up large client accounts and aims to replicate that outside of the BFS vertical through a mix of NCA and mining efforts. It remains confident of growth remaining on par with peers, and given the likely ‘stable to improving’ margins trajectory it retains BUY.
Promoter/FII Holdings
Promoters held 55.72 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.48 per cent, DIIs 18.16 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Experience Your Economic Times Newspaper, The Digital Way!
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by