Mphasis Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing an Mphasis target price for 2027 should start with where the stock sits today. At Rs 2,360.00 on 9 October 2026, it is 20.7% below its 52-week high of Rs 2,975.00 and 17.2% above its 52-week low of Rs 2,013.00. That range spans 48% from low to high, so the entry point matters as much as the Mphasis price forecast itself.

This article builds the Mphasis share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 2,528 base case and the Rs 3,067 bull case were reached, along with a downside risk level of Rs 1,852.

Click Here – Get Free Investment Predictions

Mphasis Stock Analysis: Company Overview and Key Stats

Mphasis (NSE: MPHASIS) has a market capitalisation of Rs 44,205 crore. In FY26 it reported revenue of Rs 16,206 crore and net profit of Rs 1,863 crore. The table collects the figures the Mphasis share price target is built on.

Metric	Value
Company	Mphasis
NSE Ticker	MPHASIS
CMP (9 October 2026)	Rs 2,360.00
52-Week High	Rs 2,975.00
52-Week Low	Rs 2,013.00
Market Cap	Rs 44,205 crore
PE Ratio (TTM)	23.14
Industry PE	17.30
Price to Book	4.11
Return on Equity	17.34%
Debt to Equity	0.24
EPS (TTM)	Rs 100.05
Dividend Yield	2.68%
12-Month Base Target	Rs 2,528
Bull Case	Rs 3,067
Downside Risk Level (not a target)	Rs 1,852

Why Is Mphasis Share Price Target Set at Rs 2,528 for 2027?

The base-case Mphasis stock target of Rs 2,528 applies a PE multiple of 23.14 to a forward EPS estimate of Rs 109.23. That EPS assumes 9.2% yearly growth, the pace from FY24 to FY26, and puts the target 7.1% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Mphasis Target Price: Five Years of Results

Mphasis grew revenue from Rs 12,122 crore in FY22 to Rs 16,206 crore in FY26, a compound annual growth rate of 7.5%. Net profit grew more slowly, from Rs 1,431 crore to Rs 1,863 crore (6.8% a year), which points to margin pressure alongside the sales growth.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	12,121.89	1,430.89	75.61	46.00
FY23	13,960.10	1,637.92	86.37	50.00
FY24	13,496.32	1,554.82	81.83	55.00
FY25	14,484.99	1,702.14	89.36	57.00
FY26	16,205.54	1,862.60	97.54	62.00

FY26 revenue growth was 11.9%, faster than the four-year average of 7.5%, and net profit moved up 9.4%. EPS rose from Rs 81.83 in FY24 to Rs 97.54 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Mphasis converted 11.5% of FY26 revenue into net profit, against 11.8% in FY25, within a five-year range of 11.5% to 11.8%. EBITDA margin was 20.2% in FY26 versus 20.0% in FY25.

In the June 2026 quarter, revenue was Rs 4,467 crore, up 17.1% from the same quarter a year earlier, while net profit of Rs 489.51 crore was up 10.8%. EBITDA came in at Rs 878.03 crore, up 12.0% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.24, and shareholders' equity grew from Rs 6,943 crore in FY22 to Rs 10,744 crore in FY26. Operating cash flow in FY26 was Rs 1,253 crore against capital expenditure of Rs 318.51 crore, leaving free cash flow of Rs 934.77 crore, or 2.1% of the current market capitalisation. In FY25 free cash flow was Rs 1,843 crore.

Valuation Check for the Mphasis Stock Target: PE, Price to Book and ROE

At a PE of 23.14 against an industry PE of 17.30, Mphasis trades at a premium to its industry. Price to book is 4.11 on a book value of Rs 562.65 per share, and return on equity is 17.34%. A PE of 23.14 equals an earnings yield of 4.3%, and the FY26 dividend of Rs 62.00 per share gives a yield of 2.68%.

Shareholding Pattern and Institutional Holding

Promoters held 30.54% of Mphasis in June 2026, and promoter holding fell from 40.10% in June 2025 to 30.54% in June 2026. Foreign institutional investors (FII) held 19.50% and domestic institutions (DII) held 45.31%, which puts total institutional holding at 64.81%. FII holding rose from 19.00% in June 2025 to 19.50% in June 2026. Public shareholders own the remaining 4.65%. A meaningful institutional holding adds a layer of research coverage and trading depth.

Mphasis Share Price Targets for the Short Term and 12 Months

Short Term Mphasis Stock Target Levels: Technical Setup

At Rs 2,360.00 on 9 October 2026, Mphasis trades below its 50-day simple moving average of Rs 2,375.12 and below its 200-day exponential moving average of Rs 2,409.11. The 14-day RSI reads 57.9, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 2,375.12 (50-day simple moving average) and the nearest support is Rs 2,013.00 (52-week low). A sustained move above Rs 2,375.12 would improve the short-term setup, while a close below Rs 2,013.00 would shift attention to the next support.

12 Month Mphasis Target Price for 2027

The 12-month target for Mphasis is Rs 2,528: forward EPS of Rs 109.23 at a PE of 23.14. That is 7.1% above Rs 2,360.00. It would still leave the stock 15.0% below its 52-week high of Rs 2,975.00.

How EPS Growth and PE Multiple Change the Mphasis Target Price

EPS Growth	PE 18.51	PE 23.14	PE 26.61
0.0% (EPS Rs 100.05)	Rs 1,852	Rs 2,315	Rs 2,662
9.2% (EPS Rs 109.23)	Rs 2,022	Rs 2,528	Rs 2,907
15.2% (EPS Rs 115.24)	Rs 2,133	Rs 2,667	Rs 3,067

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Mphasis price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Mphasis Stock Target in 2027

Bull Case Rs 3,067

The bull case Mphasis price target needs EPS growth of 15.2%, which lifts forward EPS to Rs 115.24, and a PE multiple that rises 15% to 26.61. That gives Rs 3,067, 30.0% above the current price and above the 52-week high of Rs 2,975.00, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 1,852

The downside risk level is not a target. It assumes EPS stays flat at Rs 100.05 and the PE falls 20% to 18.51. That gives Rs 1,852, 21.5% below the current price and below the 52-week low of Rs 2,013.00.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	15.2%	26.61	Rs 3,067	+30.0%
Base Case	9.2%	23.14	Rs 2,528	+7.1%
Downside Risk	0.0%	18.51	Rs 1,852	-21.5%

Key Risks to the Mphasis Target Price for 2027

Growth Slowdown Risk for the Mphasis Price Target

Revenue in the June 2026 quarter was up 17.1% year on year, and FY26 revenue growth was 11.9%. If growth slows from here, the EPS estimate behind the Mphasis stock target will need revising.

Liquidity and Size Risk

Mphasis has a market capitalisation of Rs 44,205 crore. Institutional holding is 64.81%, and promoters hold 30.54%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.

Valuation and Margin Risk

Net margin was 11.5% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 23.14 versus an industry PE of 17.30, a de-rating toward the downside-risk PE of 18.51 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 20.7% below its 52-week high, with an RSI of 57.9 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in Mphasis

Start with the live price and volume. Any Mphasis share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 2,360.00 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Mphasis' PE, ROE, debt and shareholding in one place.

Check Mphasis fundamentals on the Univest Screener

Then compare the three Mphasis target price scenarios with your own view. If you expect EPS growth below 9.2%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Mphasis live price and get daily stock recommendations.

Conclusion

The Mphasis share price target for 2027 is Rs 2,528 in the base case, with Rs 3,067 as the bull case. The support for that view is arithmetic you can check: EPS grew 9.2% a year over FY24 to FY26, and the stock trades at a PE of 23.14. The risks are equally concrete, including a stock that sits 20.7% below its 52-week high and a downside scenario that cuts the price 22% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Mphasis Share Price Target 2027

What is the Mphasis share price target for 2027?

Ans. The base-case Mphasis share price target for 2027 is Rs 2,528, with Rs 3,067 as the bull case. The downside risk level, which is not a target, is Rs 1,852. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Mphasis share price today?

Ans. As of 9 October 2026, 3:30 PM IST, Mphasis trades at Rs 2,360.00, up 2.46% on the day. The 52-week range is Rs 2,013.00 to Rs 2,975.00.

Is Mphasis a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 9.2% a year over FY24 to FY26, but the stock is 20.7% below its 52-week high. Whether Mphasis fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Mphasis shares?

Ans. The bull case target is Rs 3,067, which assumes 15.2% EPS growth and a PE of 26.61. The downside risk level is Rs 1,852, which assumes flat EPS and a PE of 18.51. It marks a risk, not a target.

What are the main risks to the Mphasis price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 44,205 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.

What is the PE ratio of Mphasis and how does it compare with the industry?

Ans. The PE ratio of Mphasis is 23.14 against an industry PE of 17.30. Price to book is 4.11 and return on equity is 17.34%. The base case in the Mphasis price target holds this PE constant.

Who owns Mphasis, and what is the promoter holding?

Ans. Promoters held 30.54% of Mphasis in June 2026. FII held 19.50%, DII held 45.31% and the public held 4.65%.

What were Mphasis' latest quarterly results?

Ans. In the June 2026 quarter, Mphasis reported revenue of Rs 4,467 crore (up 17.1% year on year) and net profit of Rs 489.51 crore (up 10.8%).