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Where Is Manugraph India Share Price Headed Over the Next 3 Years?

  • July 21, 2026
  • Posted by: Kunal Singla
  • Category: News
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Where Is Manugraph India Share Price

Manugraph India share price Rs 14.8. 52W high Rs 24.1, low Rs 9.25. Market cap Rs 45.1 Cr. 2030 scenario range Rs 16 to Rs 27.

The Manugraph India share price forecast for the next 3 years is a question on many investors’ minds as the stock trades at Rs 14.8, within a 52 week range of Rs 9.25 to Rs 24.1. This article lays out a scenario based Manugraph India share price outlook for 2027, 2028 and 2030, built on the company’s fundamentals, sector trends and the key risks that could change the trajectory. Rather than a single number, the focus here is on the range of outcomes and the assumptions behind each one.

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Table of Contents

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  • Manugraph India Company Overview
  • Where Does Manugraph India Share Price Stand Today?
  • Manugraph India Share Price Forecast: Key Growth Drivers for the Next 3 Years
    • Earnings Trajectory and Return Ratios
    • Capital Goods and Manufacturing Capex Upcycle
    • Company Specific Catalysts
    • Macro Environment and Liquidity
  • Manugraph India Share Price Forecast 2027, 2028 and 2030: Scenario Analysis
  • Bull Case vs Bear Case for Manugraph India Share Price
    • The Bull Case
    • The Bear Case
  • Key Risks That Could Change the Manugraph India Share Price Outlook
  • Is Manugraph India Worth Watching for the Long Term?
  • Conclusion
    • What is the Manugraph India share price forecast for the next 3 years?
    • What is the Manugraph India share price forecast for 2027?
    • What is the Manugraph India share price forecast for 2028?
    • What is the current share price of Manugraph India?
    • Is Manugraph India a good stock for the long term?
    • What is the Manugraph India share price outlook for 2030?
    • What are the key risks to the Manugraph India share price forecast?

Manugraph India Company Overview

Manugraph India manufactures printing press machinery, working through a period of significant financial stress amid structural decline in the print media industry. Understanding the business model is the first step in framing any credible Manugraph India share price forecast, because the durability of earnings ultimately decides where the stock trades.

Company Manugraph India
NSE Ticker MANUGRAPH
CMP Rs 14.8
52 Week High Rs 24.1
52 Week Low Rs 9.25
Market Cap Rs 45.1 Cr
Stock PE 10.9
Book Value Rs 19.1
ROE 7.42%
ROCE 10.6%
Dividend Yield 0%

Where Does Manugraph India Share Price Stand Today?

The stock currently trades about 38 percent below its 52 week high of Rs 24.1, which means the market has already tempered some of its optimism. For anyone building a Manugraph India share price forecast, this correction matters for the Manugraph India share price forecast starting point, because entry valuations have a large bearing on 3 year returns.

At the current price, Manugraph India commands a market capitalisation of Rs 45.1 Cr and trades at a price to earnings multiple of 10.9. The company generates a return on equity of 7.42% and a return on capital employed of 10.6%, which places it in the category of businesses with a recovering profitability profile. These numbers anchor the Manugraph India share price forecast scenarios that follow. How the broader Nifty 50 index trades over this period will also influence the multiple investors are willing to assign to the stock.

Manugraph India Share Price Forecast: Key Growth Drivers for the Next 3 Years

Four forces are likely to shape the Manugraph India share price forecast between now and 2030, and together they explain most of the dispersion in this Manugraph India share price forecast. Each is discussed below with its likely direction of impact.

Earnings Trajectory and Return Ratios

Stock prices ultimately follow earnings. With a recovering profitability profile at present, the pace at which profits compound over FY27 to FY30 will be the single biggest determinant of the Manugraph India share price forecast actually playing out. Consistent earnings delivery tends to expand valuation multiples, while misses compress them quickly.

Capital Goods and Manufacturing Capex Upcycle

Power grid investment, defence indigenisation and private manufacturing capex have put Indian capital goods in a strong demand upcycle. Established manufacturers like Manugraph India with technology depth and order visibility are direct beneficiaries.

Within the space, investors often benchmark Manugraph India against peers such as HMT, HCL Infosystems and Manaksia peer GSS Infotech on growth and valuations before forming a view on the Manugraph India share price forecast.

Company Specific Catalysts

The bull case for Manugraph India rests on any diversification beyond legacy printing press machinery and operational stabilisation. If these play out on schedule, the Manugraph India share price forecast for 2030 could gravitate toward the upper end of the scenario range discussed below.

Macro Environment and Liquidity

The RBI rate cycle, FII flows into Indian equities and overall market valuations will influence the multiple investors are willing to pay. A benign macro backdrop supports the optimistic end of any Manugraph India share price forecast, while global risk aversion would do the opposite to the Manugraph India share price outlook.

Manugraph India Share Price Forecast 2027, 2028 and 2030: Scenario Analysis

The table below presents a scenario based Manugraph India share price forecast using compounded annual growth assumptions applied to the current market price of Rs 14.8. These are illustrative ranges, not point predictions, and actual outcomes can fall outside them.

Year Bear Case Base Case Bull Case Assumption
2027 Rs 15 Rs 17 Rs 18 2% to 14% CAGR on CMP
2028 Rs 16 Rs 18 Rs 21 2% to 14% CAGR on CMP
2030 Rs 16 Rs 21 Rs 27 2% to 14% CAGR on CMP

In the base case scenario of this Manugraph India share price forecast, the 2030 level works out to roughly Rs 21, implying steady compounding from today’s levels. The bull case of Rs 27 assumes any diversification beyond legacy printing press machinery and operational stabilisation delivers ahead of expectations, while the bear case of Rs 16 captures a scenario where growth stalls. That is an outcome band of about 8 percent to 82 percent over the period.

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Bull Case vs Bear Case for Manugraph India Share Price

The Bull Case

The optimistic Manugraph India share price forecast assumes any diversification beyond legacy printing press machinery and operational stabilisation. Combined with supportive sector conditions, this could lift both earnings and the valuation multiple, pushing the stock toward Rs 27 by 2030.

The Bear Case

The cautious view centres on the fact that the stock trades at sub-Rs 15 levels reflecting the structural decline of the print machinery industry it serves. If these pressures dominate, the Manugraph India share price forecast would skew toward the lower band and the stock could stagnate near Rs 16 even by 2030, underperforming broader indices.

Key Risks That Could Change the Manugraph India Share Price Outlook

  • Execution risk: Delays in strategy execution or capacity plans would push the earnings trajectory below the base case assumed in this Manugraph India share price forecast.
  • Valuation risk: At a PE of 10.9, any earnings disappointment can trigger sharp multiple compression before fundamentals stabilise.
  • Sector risk: The stock trades at sub-Rs 15 levels reflecting the structural decline of the print machinery industry it serves.
  • Macro risk: A global slowdown, adverse FII flows or unexpected rate moves would compress equity valuations across the market.
  • Regulatory risk: Policy, tax or compliance changes affecting the sector can alter the earnings outlook with little warning.

Is Manugraph India Worth Watching for the Long Term?

For long term investors, the relevant question is not just where the Manugraph India share price forecast lands in 2030 or what any single Manugraph India share price forecast says today, but whether the business can compound capital through cycles. The company’s positioning around any diversification beyond legacy printing press machinery and operational stabilisation gives it a credible growth story, while the risks outlined above define what must be monitored each quarter.

Investors should track quarterly earnings, management commentary and sector data rather than anchoring to any single number from a Manugraph India share price outlook. Historically, staying focused on business fundamentals has served investors better than chasing price targets, and consulting a SEBI registered advisor before investing remains the prudent approach.

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Conclusion

The Manugraph India share price forecast for the next 3 years spans Rs 16 to Rs 27 by 2030 under the scenarios discussed, with a base case near Rs 21. Any credible Manugraph India share price forecast must be updated as facts change, and the path will be decided by earnings delivery, any diversification beyond legacy printing press machinery and operational stabilisation and the broader market environment. Treat these ranges as a framework for thinking, not a promise of outcomes, and revisit the assumptions as new results come in. Consult a SEBI registered investment advisor before making any investment decision.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

What is the Manugraph India share price forecast for the next 3 years?

Ans. The Manugraph India share price forecast for the next 3 years is scenario based rather than a single number. By 2030, the illustrative range spans Rs 16 in the bear case to Rs 27 in the bull case, with a base case near Rs 21, depending on earnings delivery and market conditions.

What is the Manugraph India share price forecast for 2027?

Ans. For 2027, the scenario range works out to Rs 15 to Rs 18, with a base case around Rs 17. This assumes compounding on the current price of Rs 14.8 and is illustrative, not a guaranteed outcome.

What is the Manugraph India share price forecast for 2028?

Ans. The 2028 scenario range is Rs 16 to Rs 21, with the base case near Rs 18. Actual levels will depend on earnings growth, sector trends and overall market valuations at the time.

What is the current share price of Manugraph India?

Ans. Manugraph India currently trades at around Rs 14.8 on the NSE, within a 52 week range of Rs 9.25 to Rs 24.1. Prices change continuously during market hours, so check live quotes before acting.

Is Manugraph India a good stock for the long term?

Ans. Manugraph India has a credible long term story built on any diversification beyond legacy printing press machinery and operational stabilisation, but it also carries risks since the stock trades at sub-Rs 15 levels reflecting the structural decline of the print machinery industry it serves. Long term suitability depends on your risk profile and portfolio, so consult a SEBI registered investment advisor before investing.

What is the Manugraph India share price outlook for 2030?

Ans. The Manugraph India share price outlook for 2030 spans Rs 16 to Rs 27 across bear and bull scenarios. Where the stock actually lands will be driven by profit growth, valuation multiples and macro conditions closer to that date.

What are the key risks to the Manugraph India share price forecast?

Ans. The main risks are execution delays, valuation compression from the current PE of 10.9, sector specific pressures, macro shocks and regulatory changes. Any of these can push the stock below the base case scenario discussed in this article.



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Author: Kunal Singla
Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.

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