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

MSTC share price Rs 672.00 (9 October 2026). Base target Rs 770, bull Rs 932, downside risk Rs 535. PE 20.11. 52W range Rs 362.15 to Rs 805.00.

Investors weighing an MSTC target price for 2027 should start with where the stock sits today. At Rs 672.00 on 9 October 2026, it is 16.5% below its 52-week high of Rs 805.00 and 85.6% above its 52-week low of Rs 362.15. That range spans 122% from low to high, so the entry point matters as much as the MSTC price forecast itself.

This article builds the MSTC 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 770 base case and the Rs 932 bull case were reached, along with a downside risk level of Rs 535.

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MSTC Stock Analysis: Company Overview and Key Stats

MSTC (NSE: MSTCLTD) has a market capitalisation of Rs 4,710 crore. In FY26 it reported revenue of Rs 453.04 crore and net profit of Rs 218.43 crore. The table collects the figures the MSTC share price target is built on.

Why Is MSTC Share Price Target Set at Rs 770 for 2027?

The base-case MSTC stock target of Rs 770 applies a PE multiple of 20.11 to a forward EPS estimate of Rs 38.29. That EPS assumes 15.1% yearly growth, the pace from FY24 to FY26, and puts the target 14.6% 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 MSTC Target Price: Five Years of Results

MSTC grew revenue from Rs 1,123 crore in FY22 to Rs 453.04 crore in FY26, a compound annual growth rate of -20.3%. Net profit grew faster, from Rs 199.10 crore to Rs 218.43 crore (2.3% a year), which shows margin gains did part of the work and not just higher sales.

FY26 revenue growth was 16.9%, faster than the four-year average of -20.3%, and net profit moved down 46.3%. EPS rose from Rs 23.44 in FY24 to Rs 31.03 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

MSTC converted 48.2% of FY26 revenue into net profit, against 105.1% in FY25, within a five-year range of 17.7% to 105.1%. EBITDA margin was 66.8% in FY26 versus 133.5% in FY25.

In the June 2026 quarter, revenue was Rs 118 crore, up 26.0% from the same quarter a year earlier, while net profit of Rs 58.22 crore was up 37.5%. EBITDA came in at Rs 81.49 crore, up 31.7% 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 0.16, and shareholders’ equity grew from Rs 654.04 crore in FY22 to Rs 903.94 crore in FY26. Operating cash flow in FY26 was negative at Rs 27.79 crore against capital expenditure of Rs 22.26 crore, leaving negative free cash flow of Rs 50.05 crore. In FY25 free cash flow was Rs 235.67 crore, so cash generation has not been steady year to year.

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

At a PE of 20.11 against an industry PE of 124.53, MSTC trades at a discount to its industry. Price to book is 5.21 on a book value of Rs 128.40 per share, and return on equity is 24.16%. A PE of 20.11 equals an earnings yield of 5.0%, and the FY26 dividend of Rs 15.70 per share gives a yield of 2.35%.

Shareholding Pattern and Institutional Holding

Promoters held 64.75% of MSTC in June 2026, and promoter holding has stayed near 64.75% since June 2025. Foreign institutional investors (FII) held 4.92% and domestic institutions (DII) held 1.28%, which puts total institutional holding at 6.20%. FII holding fell from 5.37% in June 2025 to 4.92% in June 2026. Public shareholders own the remaining 29.05%.

MSTC Share Price Targets for the Short Term and 12 Months

Short Term MSTC Stock Target Levels: Technical Setup

At Rs 672.00 on 9 October 2026, MSTC trades below its 50-day simple moving average of Rs 691.88 and above its 200-day exponential moving average of Rs 592.99. The 14-day RSI reads 34.4, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 691.88 (50-day simple moving average) and the nearest support is Rs 592.99 (200-day exponential moving average). A sustained move above Rs 691.88 would improve the short-term setup, while a close below Rs 592.99 would shift attention to the next support.

12 Month MSTC Target Price for 2027

The 12-month target for MSTC is Rs 770: forward EPS of Rs 38.29 at a PE of 20.11. That is 14.6% above Rs 672.00. It would still leave the stock 4.3% below its 52-week high of Rs 805.00.

How EPS Growth and PE Multiple Change the MSTC Target Price

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 MSTC price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for MSTC Stock Target in 2027

Bull Case Rs 932

The bull case MSTC price target needs EPS growth of 21.1%, which lifts forward EPS to Rs 40.29, and a PE multiple that rises 15% to 23.13. That gives Rs 932, 38.7% above the current price and above the 52-week high of Rs 805.00, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 535

The downside risk level is not a target. It assumes EPS stays flat at Rs 33.28 and the PE falls 20% to 16.09. That gives Rs 535, 20.4% below the current price and above the 52-week low of Rs 362.15.

Key Risks to the MSTC Target Price for 2027

Growth Slowdown Risk for the MSTC Price Target

Revenue in the June 2026 quarter was up 26.0% year on year, and FY26 revenue growth was 16.9%. If growth slows from here, the EPS estimate behind the MSTC stock target will need revising.

Liquidity and Size Risk

MSTC has a market capitalisation of Rs 4,710 crore. Institutional holding is 6.20%, and promoters hold 64.75%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 48.2% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 20.11 versus an industry PE of 124.53, a de-rating toward the downside-risk PE of 16.09 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 16.5% below its 52-week high, with an RSI of 34.4 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in MSTC

Start with the live price and volume. Any MSTC 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 672.00 price before acting on any level.

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

Check MSTC fundamentals on the Univest Screener

Then compare the three MSTC target price scenarios with your own view. If you expect EPS growth below 15.1%, 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 MSTC live price and get daily stock recommendations.

Conclusion

The MSTC share price target for 2027 is Rs 770 in the base case, with Rs 932 as the bull case. The support for that view is arithmetic you can check: EPS grew 15.1% a year over FY24 to FY26, and the stock trades at a PE of 20.11. The risks are equally concrete, including a stock that sits 16.5% below its 52-week high and a downside scenario that cuts the price 20% 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 MSTC Share Price Target 2027

What is the MSTC share price target for 2027?

Ans. The base-case MSTC share price target for 2027 is Rs 770, with Rs 932 as the bull case. The downside risk level, which is not a target, is Rs 535. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the MSTC share price today?

Ans. As of 9 October 2026, 3:30 PM IST, MSTC trades at Rs 672.00, up 0.54% on the day. The 52-week range is Rs 362.15 to Rs 805.00.

Is MSTC a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 15.1% a year over FY24 to FY26, but the stock is 16.5% below its 52-week high. Whether MSTC 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 MSTC shares?

Ans. The bull case target is Rs 932, which assumes 21.1% EPS growth and a PE of 23.13. The downside risk level is Rs 535, which assumes flat EPS and a PE of 16.09. It marks a risk, not a target.

What are the main risks to the MSTC price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 4,710 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 MSTC and how does it compare with the industry?

Ans. The PE ratio of MSTC is 20.11 against an industry PE of 124.53. Price to book is 5.21 and return on equity is 24.16%. The base case in the MSTC price target holds this PE constant.

Who owns MSTC, and what is the promoter holding?

Ans. Promoters held 64.75% of MSTC in June 2026. FII held 4.92%, DII held 1.28% and the public held 29.05%.

What were MSTC’s latest quarterly results?

Ans. In the June 2026 quarter, MSTC reported revenue of Rs 118 crore (up 26.0% year on year) and net profit of Rs 58.22 crore (up 37.5%).