Getty ImagesEmkay Global has buy call on Mphasis with a target price of Rs 2800. The current market price of . is Rs 2238.65. 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 42189.48 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
Weakness in mortgage business and furloughs in few accounts are likely to weigh on near-term revenue growth. It retains Buy with a TP of Rs2,800 at 25x Jun’24E EPS, given continued wallet share gains and steady expansion in addressable markets with competency build-up.
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 42189.48 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
Weakness in mortgage business and furloughs in few accounts are likely to weigh on near-term revenue growth. It retains Buy with a TP of Rs2,800 at 25x Jun’24E EPS, given continued wallet share gains and steady expansion in addressable markets with competency build-up.
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.
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