Mphasis Ltd

Mphasis Ltd

₹ 2,409 -1.94%
14 Jun - close price
About

Mphasis a global Information Technology (IT) solutions provider specializing in providing cloud and cognitive services, applies next-generation technology to help enterprises transform businesses globally.(Source : 202003 Annual Report Page No:36)

Key Points

History[1]
In June 2006, Electronic Data Systems Corporation acquired Mphasis, and later Electronic Data Systems Corporation (EDS) was acquired by Hewlett-Packard (HP), resulting in Mphasis becoming a 60.47% subsidiary of HP. However, in September 2016, global private equity major Blackstone Group acquired HP’s stake and they continue to be the promoters of the company.

  • Market Cap 45,536 Cr.
  • Current Price 2,409
  • High / Low 2,838 / 1,807
  • Stock P/E 29.3
  • Book Value 465
  • Dividend Yield 2.28 %
  • ROCE 23.1 %
  • ROE 18.6 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 61.6%

Cons

  • The company has delivered a poor sales growth of 11.4% over past five years.
  • Working capital days have increased from 48.4 days to 91.4 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2,524 2,691 2,869 3,124 3,278 3,411 3,520 3,506 3,361 3,252 3,276 3,338 3,412
2,057 2,202 2,371 2,571 2,701 2,811 2,902 2,889 2,763 2,665 2,681 2,737 2,773
Operating Profit 467 489 498 553 577 600 618 618 599 587 596 601 639
OPM % 19% 18% 17% 18% 18% 18% 18% 18% 18% 18% 18% 18% 19%
33 47 44 31 39 36 43 40 43 50 49 54 64
Interest 14 16 16 22 21 23 26 24 24 24 34 53 50
Depreciation 62 62 66 83 80 80 80 82 83 87 89 103 131
Profit before tax 424 458 460 480 516 533 555 551 534 526 522 499 522
Tax % 25% 26% 26% 25% 24% 25% 25% 25% 24% 25% 25% 25% 25%
317 340 341 358 392 402 418 412 405 396 392 374 393
EPS in Rs 16.94 18.15 18.23 19.08 20.88 21.37 22.24 21.89 21.51 21.01 20.78 19.79 20.81
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Oct 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5,796 2,594 5,795 6,081 6,076 6,546 7,731 8,844 9,722 11,961 13,798 13,279
4,764 2,154 4,925 5,218 5,108 5,483 6,407 7,193 7,919 9,844 11,365 10,857
Operating Profit 1,033 440 870 863 969 1,062 1,324 1,650 1,803 2,118 2,434 2,422
OPM % 18% 17% 15% 14% 16% 16% 17% 19% 19% 18% 18% 18%
140 44 194 172 223 149 177 178 133 160 162 218
Interest 33 11 28 24 14 13 17 81 63 74 97 161
Depreciation 145 50 98 121 79 71 76 232 242 291 325 410
Profit before tax 995 422 938 890 1,099 1,128 1,407 1,515 1,631 1,913 2,173 2,068
Tax % 25% 28% 28% 29% 28% 26% 24% 22% 25% 25% 25% 25%
744 303 675 632 792 838 1,073 1,185 1,217 1,431 1,638 1,555
EPS in Rs 35.40 14.40 32.10 30.05 37.62 43.34 57.64 63.52 65.06 76.19 86.94 82.27
Dividend Payout % 48% 49% 50% 67% 45% 46% 47% 55% 100% 60% 58% 67%
Compounded Sales Growth
10 Years: 18%
5 Years: 11%
3 Years: 11%
TTM: -4%
Compounded Profit Growth
10 Years: 18%
5 Years: 8%
3 Years: 9%
TTM: -4%
Stock Price CAGR
10 Years: 19%
5 Years: 20%
3 Years: 6%
1 Year: 30%
Return on Equity
10 Years: 18%
5 Years: 20%
3 Years: 20%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Oct 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 210 210 210 210 210 193 186 187 187 188 188 189
Reserves 4,724 4,905 5,270 5,645 5,942 5,289 5,064 5,643 6,340 6,755 7,746 8,606
554 540 575 461 260 390 543 571 513 527 198 2,389
1,601 1,320 1,312 1,092 889 1,109 1,576 2,339 2,324 3,214 3,373 2,947
Total Liabilities 7,090 6,974 7,367 7,408 7,301 6,980 7,368 8,740 9,365 10,684 11,506 14,130
2,462 2,404 2,334 1,597 1,921 1,884 2,170 3,013 3,020 3,774 4,060 5,580
CWIP 26 6 20 56 1 2 3 17 3 11 32 14
Investments 1,899 1,815 1,443 2,122 2,396 1,782 1,329 1,326 1,846 1,813 1,753 3,090
2,702 2,748 3,569 3,633 2,983 3,312 3,866 4,384 4,496 5,087 5,662 5,446
Total Assets 7,090 6,974 7,367 7,408 7,301 6,980 7,368 8,740 9,365 10,684 11,506 14,130

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Oct 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
756 198 616 731 664 723 950 1,321 1,455 1,716 1,462 2,180
-483 225 -380 -175 267 507 280 142 -810 -271 196 -2,482
-318 -429 -186 -568 -710 -1,380 -1,342 -825 -861 -1,389 -1,440 77
Net Cash Flow -45 -7 50 -12 221 -149 -112 638 -217 56 217 -225

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Oct 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 41 109 39 39 38 45 45 34 35 68 67 67
Inventory Days
Days Payable
Cash Conversion Cycle 41 109 39 39 38 45 45 34 35 68 67 67
Working Capital Days -10 22 3 28 44 42 44 29 34 29 25 91
ROCE % 20% 8% 16% 15% 18% 19% 24% 26% 25% 27% 29%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.99% 55.95% 55.90% 55.80% 55.72% 55.70% 55.65% 55.63% 55.58% 55.57% 55.52% 55.45%
20.80% 20.85% 21.10% 21.09% 20.48% 20.71% 18.89% 17.72% 17.19% 16.60% 15.72% 14.84%
18.46% 17.95% 17.79% 18.04% 18.16% 17.78% 19.54% 21.00% 21.05% 22.55% 23.71% 24.63%
4.75% 5.25% 5.21% 5.07% 5.64% 5.80% 5.93% 5.65% 6.19% 5.27% 5.06% 5.08%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
No. of Shareholders 73,6341,07,2591,20,7851,26,8951,51,4701,77,5331,77,4561,69,2151,77,0131,53,7921,48,4281,47,350

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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