MPHASIS

P/E (TTM / trailing): 30–31× P/B: 5.5× Debt to Equity: 0.20 (i.e. modest leverage) ROE / ROCE:   • ROE 26–28 %   • ROCE ~ 34.7 % Dividend Yield: 2 % or so (relatively modest) Strong contract wins / TCV pipeline — new deals provide visibility to future revenues. Focus on next-gen / digital / cloud / AI can command higher margins and client stickiness. Mid-tier IT firms like Mphasis may gain share from large incumbents in constrained spending environment (clients prefer more flexible cost structures). Decent return metrics (ROE, ROCE) relative to peers. Modest debt / manageable leverage gives financial flexibility.