Buy Mphasis, target price Rs 3730: Emkay

Emkay Global Financial Services has a buy call on Mphasis Ltd. with a target price of Rs 3730. The current price of Mphasis is Rs 2975.

Mphasis Ltd., incorporated in the year 1992, is a Mid-Cap company (with a market cap of Rs 55852.20 Crore) operating in IT Software sector.

Mphasis Ltd. key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2020.


Financials
For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 2913.16 Crore, up 6.42 per cent from last quarter Total Income of Rs 2737.55 Crore and up 18.35 per cent from last year same quarter Total Income of Rs 2461.55 Crore. Company has reported net profit after tax of Rs 341.46 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 55.95 per cent stake in the company as of 30-Sep-2021, while FIIs owned 20.85 per cent, DIIs 17.94 per cent.