MPS Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Ankit Jaiswal
- Category: Market
MPS share price Rs 2,473.20 (9 October 2026). Base target Rs 3,085, bull Rs 3,696, downside risk Rs 2,057. PE 23.35. 52W range Rs 1,336.10 to Rs 2,979.00.
Quick Answer
The MPS share price target for 2027 is Rs 3,085, about 24.7% above the current price of Rs 2,473.20. The bull case is Rs 3,696, and the downside risk level, which is not a target, is Rs 2,057. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 20.8%, with the stock holding its PE of 23.35. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing an MPS target price for 2027 should start with where the stock sits today. At Rs 2,473.20 on 9 October 2026, it is 17.0% below its 52-week high of Rs 2,979.00 and 85.1% above its 52-week low of Rs 1,336.10. That range spans 123% from low to high, so the entry point matters as much as the MPS price forecast itself.
This article builds the MPS 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 3,085 base case and the Rs 3,696 bull case were reached, along with a downside risk level of Rs 2,057.
Click Here – Get Free Investment Predictions
MPS Stock Analysis: Company Overview and Key Stats
MPS (NSE: MPSLTD) has a market capitalisation of Rs 4,399 crore. In FY26 it reported revenue of Rs 783.95 crore and net profit of Rs 173.22 crore. The table collects the figures the MPS share price target is built on.
| Metric | Value |
|---|---|
| Company | MPS |
| NSE Ticker | MPSLTD |
| CMP (9 October 2026) | Rs 2,473.20 |
| 52-Week High | Rs 2,979.00 |
| 52-Week Low | Rs 1,336.10 |
| Market Cap | Rs 4,399 crore |
| PE Ratio (TTM) | 23.35 |
| Industry PE | 17.30 |
| Price to Book | 7.38 |
| Return on Equity | 29.05% |
| Debt to Equity | 0.10 |
| EPS (TTM) | Rs 110.12 |
| Dividend Yield | 0.00% |
| 12-Month Base Target | Rs 3,085 |
| Bull Case | Rs 3,696 |
| Downside Risk Level (not a target) | Rs 2,057 |
Why Is MPS Share Price Target Set at Rs 3,085 for 2027?
The base-case MPS stock target of Rs 3,085 applies a PE multiple of 23.35 to a forward EPS estimate of Rs 132.14. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 24.7% 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 MPS Target Price: Five Years of Results
MPS grew revenue from Rs 462.97 crore in FY22 to Rs 783.95 crore in FY26, a compound annual growth rate of 14.1%. Net profit grew faster, from Rs 87.12 crore to Rs 173.22 crore (18.7% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 462.97 | 87.12 | 48.61 | 30.00 |
| FY23 | 511.82 | 109.19 | 63.87 | 20.00 |
| FY24 | 557.52 | 118.77 | 69.96 | 75.00 |
| FY25 | 739.41 | 148.91 | 87.73 | 83.00 |
| FY26 | 783.95 | 173.22 | 102.06 | 0.00 |
FY26 revenue growth was 6.0%, slower than the four-year average of 14.1%, and net profit moved up 16.3%. EPS rose from Rs 69.96 in FY24 to Rs 102.06 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
MPS converted 22.1% of FY26 revenue into net profit, against 20.1% in FY25, within a five-year range of 18.8% to 22.1%. EBITDA margin was 33.0% in FY26 versus 31.0% in FY25.
In the June 2026 quarter, revenue was Rs 227.15 crore, up 17.4% from the same quarter a year earlier, while net profit of Rs 50.39 crore was up 43.0%. EBITDA came in at Rs 79.87 crore, up 39.1% 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 0.10, and shareholders’ equity grew from Rs 366.87 crore in FY22 to Rs 596.33 crore in FY26. Operating cash flow in FY26 was Rs 196.80 crore against capital expenditure of Rs 8.47 crore, leaving free cash flow of Rs 188.33 crore, or 4.3% of the current market capitalisation. In FY25 free cash flow was Rs 92.28 crore.
Valuation Check for the MPS Stock Target: PE, Price to Book and ROE
At a PE of 23.35 against an industry PE of 17.30, MPS trades at a premium to its industry. Price to book is 7.38 on a book value of Rs 348.61 per share, and return on equity is 29.05%. A PE of 23.35 equals an earnings yield of 4.3%, and the FY26 dividend of Rs 0.00 per share gives a yield of 0.00%.
Shareholding Pattern and Institutional Holding
Promoters held 68.34% of MPS in June 2026, and promoter holding has stayed near 68.34% since June 2025. Foreign institutional investors (FII) held 1.38% and domestic institutions (DII) held 2.14%, which puts total institutional holding at 3.52%. FII holding fell from 1.82% in June 2025 to 1.38% in June 2026. Public shareholders own the remaining 28.14%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.
MPS Share Price Targets for the Short Term and 12 Months
Short Term MPS Stock Target Levels: Technical Setup
At Rs 2,473.20 on 9 October 2026, MPS trades below its 50-day simple moving average of Rs 2,706.62 and above its 200-day exponential moving average of Rs 2,240.36. The 14-day RSI reads 35.9, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 2,706.62 (50-day simple moving average) and the nearest support is Rs 2,240.36 (200-day exponential moving average). A sustained move above Rs 2,706.62 would improve the short-term setup, while a close below Rs 2,240.36 would shift attention to the next support.
12 Month MPS Target Price for 2027
The 12-month target for MPS is Rs 3,085: forward EPS of Rs 132.14 at a PE of 23.35. That is 24.7% above Rs 2,473.20. It would also push the stock above its 52-week high of Rs 2,979.00.
How EPS Growth and PE Multiple Change the MPS Target Price
| EPS Growth | PE 18.68 | PE 23.35 | PE 26.85 |
|---|---|---|---|
| 0.0% (EPS Rs 110.12) | Rs 2,057 | Rs 2,571 | Rs 2,957 |
| 20.0% (EPS Rs 132.14) | Rs 2,468 | Rs 3,085 | Rs 3,548 |
| 25.0% (EPS Rs 137.65) | Rs 2,571 | Rs 3,214 | Rs 3,696 |
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 MPS price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for MPS Stock Target in 2027
Bull Case Rs 3,696
The bull case MPS price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 137.65, and a PE multiple that rises 15% to 26.85. That gives Rs 3,696, 49.4% above the current price and above the 52-week high of Rs 2,979.00, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 2,057
The downside risk level is not a target. It assumes EPS stays flat at Rs 110.12 and the PE falls 20% to 18.68. That gives Rs 2,057, 16.8% below the current price and above the 52-week low of Rs 1,336.10.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 26.85 | Rs 3,696 | +49.4% |
| Base Case | 20.0% | 23.35 | Rs 3,085 | +24.7% |
| Downside Risk | 0.0% | 18.68 | Rs 2,057 | -16.8% |
Key Risks to the MPS Target Price for 2027
Growth Slowdown Risk for the MPS Price Target
Revenue in the June 2026 quarter was up 17.4% year on year, and FY26 revenue growth was 6.0%. If growth slows from here, the EPS estimate behind the MPS stock target will need revising.
Liquidity and Size Risk
MPS has a market capitalisation of Rs 4,399 crore. Institutional holding is 3.52%, and promoters hold 68.34%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.
Valuation and Margin Risk
Net margin was 22.1% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 23.35 versus an industry PE of 17.30, a de-rating toward the downside-risk PE of 18.68 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 17.0% below its 52-week high, with an RSI of 35.9 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in MPS
Start with the live price and volume. Any MPS 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 2,473.20 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check MPS’s PE, ROE, debt and shareholding in one place.
Check MPS fundamentals on the Univest Screener
Then compare the three MPS target price scenarios with your own view. If you expect EPS growth below 20.0%, 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 MPS live price and get daily stock recommendations.
Conclusion
The MPS share price target for 2027 is Rs 3,085 in the base case, with Rs 3,696 as the bull case. The support for that view is arithmetic you can check: EPS grew 20.8% a year over FY24 to FY26, and the stock trades at a PE of 23.35. The risks are equally concrete, including institutional holding of only 3.52% and a downside scenario that cuts the price 17% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
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).
FAQs on MPS Share Price Target 2027
What is the MPS share price target for 2027?
Ans. The base-case MPS share price target for 2027 is Rs 3,085, with Rs 3,696 as the bull case. The downside risk level, which is not a target, is Rs 2,057. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the MPS share price today?
Ans. As of 9 October 2026, 3:30 PM IST, MPS trades at Rs 2,473.20, down 3.91% on the day. The 52-week range is Rs 1,336.10 to Rs 2,979.00.
Is MPS a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 20.8% a year over FY24 to FY26, but institutional holding is only 3.52%. Whether MPS 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 MPS shares?
Ans. The bull case target is Rs 3,696, which assumes 25.0% EPS growth and a PE of 26.85. The downside risk level is Rs 2,057, which assumes flat EPS and a PE of 18.68. It marks a risk, not a target.
What are the main risks to the MPS price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 4,399 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 3.52%, which can make price moves sharper.
What is the PE ratio of MPS and how does it compare with the industry?
Ans. The PE ratio of MPS is 23.35 against an industry PE of 17.30. Price to book is 7.38 and return on equity is 29.05%. The base case in the MPS price target holds this PE constant.
Who owns MPS, and what is the promoter holding?
Ans. Promoters held 68.34% of MPS in June 2026. FII held 1.38%, DII held 2.14% and the public held 28.14%.
What were MPS’s latest quarterly results?
Ans. In the June 2026 quarter, MPS reported revenue of Rs 227.15 crore (up 17.4% year on year) and net profit of Rs 50.39 crore (up 43.0%).
