Mphasis Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 25573.81 Crore) operating in IT Software sector.
By ETMarkets.com | Updated:
Agencies
Promoters held 56.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 22.1 per cent, DIIs 16.2 and public and others 5.5 per cent.
Motilal Oswal has given a buy rating to Mphasis with a target price of Rs 1665. The share price moved down by 1.03 per cent from its previous close of Rs 1381.70. The stock’s last traded price is Rs 1367.50.
Mphasis Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 25573.81 Crore) operating in IT Software sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2435.43 Crore, up 6.43 % from last quarter Sales of Rs 2288.21 Crore and up 12.85 % from last year same quarter Sales of Rs 2158.11 Crore Company reported net profit after tax of Rs 299.23 Crore in latest quarter.
Investment Rationale The stock is currently trading at ~21x FY21E EPS and the brokerage values the stock at ~21x FY22E EPS. Promoter/FII Holdings Promoters held 56.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 22.1 per cent, DIIs 16.2 and public and others 5.5 per cent.
