Company Valuation: Mphasis Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 634,185 338,451 451,265 475,353 391,934 412,076 - -
Change - -46.63% 33.33% 5.34% -17.55% 5.14% - -
Enterprise Value (EV) 1 620,214 316,223 432,630 452,542 379,124 397,127 389,475 386,655
Change - -49.01% 36.81% 4.6% -16.22% 4.75% -1.93% -0.72%
P/E 44.7x 20.8x 29.2x 28x 21.1x 19.1x 17x 15.5x
PBR 9.2x 4.27x 5.13x 4.94x 3.65x 3.55x 3.26x 2.99x
PEG - 1.5x -5.56x 3.04x 2.31x 1.2x 1.4x 1.57x
Capitalization / Revenue 5.3x 2.45x 3.4x 3.34x 2.47x 2.25x 2.05x 1.87x
EV / Revenue 5.19x 2.29x 3.26x 3.18x 2.39x 2.17x 1.94x 1.75x
EV / EBITDA 29.3x 13x 17.9x 17.1x 12.7x 11.7x 10.4x 9.37x
EV / EBIT 33.9x 15x 21.5x 20.8x 15.6x 14.2x 12.5x 11.3x
EV / FCF 38.9x 23.4x 20.7x 24.5x 40.5x 20.2x 17.4x 15.6x
FCF Yield 2.57% 4.26% 4.82% 4.07% 2.47% 4.96% 5.74% 6.39%
Dividend per Share 2 46 50 50 55 62 69.09 75.71 83.84
Rate of return 1.36% 2.78% 2.09% 2.2% 3.02% 3.2% 3.51% 3.88%
EPS 2 75.61 86.37 81.83 89.36 97.54 112.7 126.8 139.3
Distribution rate 60.8% 57.9% 61.1% 61.5% 63.6% 61.3% 59.7% 60.2%
Net sales 1 119,614 137,985 132,785 142,300 158,796 183,286 201,048 220,675
EBITDA 1 21,176 24,340 24,219 26,470 29,782 34,037 37,595 41,269
EBIT 1 18,269 21,087 20,114 21,706 24,229 28,006 31,128 34,276
Net income 1 14,309 16,379 15,548 17,021 18,626 21,527 24,243 26,822
Net Debt 1 -13,972 -22,228 -18,636 -22,811 -12,810 -14,949 -22,601 -25,421
Reference price 2 3,376.60 1,796.45 2,388.20 2,500.75 2,053.95 2,158.90 2,158.90 2,158.90
Nbr of stocks (in thousands) 187,818 188,400 188,956 190,084 190,820 190,873 - -
Announcement Date 28/04/22 27/04/23 25/04/24 24/04/25 29/04/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.6x3.56x12.43x3.08% 207B
21.99x4.64x11.38x0.76% 189B
-599.1x42.61x175.06x-.--% 124B
-133.59x18.57x102.82x-.--% 120B
13.62x1.52x7.99x3.52% 112B
13.27x2.4x9.06x6.19% 77.38B
19.25x5.15x12.66x2.92% 57.65B
-17.04x7.34x12.48x-.--% 48.05B
22.15x1.83x11.6x1.4% 43.68B
Average -70.87x 9.74x 39.50x 1.99% 108.72B
Weighted average by Cap. -79.34x 10.42x 43.04x 1.93%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield