Emmvee Photovoltaic Power Share Price Target 2027: 19.8% Upside to Rs 318, Bull Rs 381
- November 12, 2026
- Posted by: Chaitanya Auti
- Category: Market
Emmvee Photovoltaic Power share price Rs 265.40 (12 November 2026). Base target Rs 318, bull Rs 381, downside risk Rs 212. PE 12.92. 52W range Rs 171.51 to Rs 371.55.
Quick Answer
The Emmvee Photovoltaic Power share price target for 2027 is Rs 318, about 19.8% above the current price of Rs 265.40. The bull case is Rs 381, and the downside risk level, which is not a target, is Rs 212. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 492.0%, with the stock holding its PE of 12.92. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Emmvee Photovoltaic Power target price for 2027 should start with where the stock sits today. At Rs 265.40 on 12 November 2026, it is 28.6% below its 52-week high of Rs 371.55 and 54.7% above its 52-week low of Rs 171.51. That range spans 117% from low to high, so the entry point matters as much as the Emmvee Photovoltaic Power price forecast itself.
This article builds the Emmvee Photovoltaic Power 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 states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.
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Emmvee Photovoltaic Power Stock Analysis: Company Overview and Key Stats
Emmvee Photovoltaic Power (NSE: EMMVEE) has a market capitalisation of Rs 18,323 crore. In FY26 it reported revenue of Rs 5,103 crore and net profit of Rs 1,082 crore. The table collects the figures the Emmvee Photovoltaic Power share price target is built on.
| Metric | Value |
|---|---|
| Company | Emmvee Photovoltaic Power |
| NSE Ticker | EMMVEE |
| CMP (12 November 2026) | Rs 265.40 |
| 52-Week High | Rs 371.55 |
| 52-Week Low | Rs 171.51 |
| Market Cap | Rs 18,323 crore |
| PE Ratio (TTM) | 12.92 |
| Industry PE | 42.52 |
| Price to Book | 4.17 |
| Return on Equity | 32.31% |
| Debt to Equity | 0.25 |
| EPS (TTM) | Rs 20.49 |
| Dividend Yield | 0.38% |
| 12-Month Base Target | Rs 318 |
| Bull Case | Rs 381 |
| Downside Risk Level (not a target) | Rs 212 |
Why Is Emmvee Photovoltaic Power Share Price Target Set at Rs 318 for 2027?
The arithmetic is short. Trailing EPS of Rs 20.49 grown for one year gives a forward EPS estimate of Rs 24.59, and multiplying it by the unchanged PE of 12.92 gives the Rs 318 base-case Emmvee Photovoltaic Power stock target. 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 Emmvee Photovoltaic Power Target Price: Five Years of Results
Emmvee Photovoltaic Power grew revenue from Rs 567.31 crore in FY22 to Rs 5,103 crore in FY26, a compound annual growth rate of 73.2%. Net profit grew faster, from Rs 12.62 crore to Rs 1,082 crore (204.3% 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 | 567.31 | 12.62 | 12.62 | 0.00 |
| FY23 | 644.37 | 8.97 | 0.15 | 0.00 |
| FY24 | 954.44 | 28.90 | 0.49 | 0.00 |
| FY25 | 2,360.33 | 369.01 | 6.22 | 0.00 |
| FY26 | 5,103.39 | 1,081.55 | 17.17 | 1.00 |
FY26 revenue growth was 116.2%, faster than the four-year average of 73.2%, and net profit moved up 193.1%. EPS rose from Rs 0.49 in FY24 to Rs 17.17 in FY26. The FY27 outlook for the Emmvee Photovoltaic Power price target depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Emmvee Photovoltaic Power converted 21.2% of FY26 revenue into net profit, against 15.6% in FY25, within a five-year range of 1.4% to 21.2%. EBITDA margin was 35.0% in FY26 versus 31.6% in FY25.
In the September 2026 quarter, revenue was Rs 1,579 crore, up 37.4% from the same quarter a year earlier, while net profit of Rs 382.05 crore was up 60.6%. EBITDA came in at Rs 559.39 crore, up 33.9% year on year. The next quarterly result is the first test of whether the earnings assumption behind the Emmvee Photovoltaic Power stock target holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.25, and shareholders’ equity grew from Rs 190.84 crore in FY22 to Rs 3,695 crore in FY26. Operating cash flow in FY26 was Rs 200.14 crore against capital expenditure of Rs 653.32 crore, leaving negative free cash flow of Rs 453.18 crore. In FY25 free cash flow was negative at Rs 363.57 crore.
Valuation Check for the Emmvee Photovoltaic Power Stock Target: PE, Price to Book and ROE
At a PE of 12.92 against an industry PE of 42.52, Emmvee Photovoltaic Power trades at a discount to its industry. Price to book is 4.17 on a book value of Rs 63.41 per share, and return on equity is 32.31%. A PE of 12.92 equals an earnings yield of 7.7%, and the FY26 dividend of Rs 1.00 per share gives a yield of 0.38%.
Shareholding Pattern and Institutional Holding
Promoters held 80.03% of Emmvee Photovoltaic Power in September 2026, and promoter holding has stayed near 80.03% since December 2025. Foreign institutional investors (FII) held 2.19% and domestic institutions (DII) held 9.81%, which puts total institutional holding at 12.00%. FII holding fell from 3.97% in December 2025 to 2.19% in September 2026. Public shareholders own the remaining 7.97%.
Emmvee Photovoltaic Power Share Price Targets for the Short Term and 12 Months
Short Term Emmvee Photovoltaic Power Stock Target Levels: Technical Setup
At Rs 265.40 on 12 November 2026, Emmvee Photovoltaic Power trades below its 50-day simple moving average of Rs 292.42 and below its 200-day exponential moving average of Rs 280.89. The 14-day RSI reads 69.1, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 280.89 (200-day exponential moving average) and the nearest support is Rs 171.51 (52-week low). A sustained move above Rs 280.89 would improve the short-term setup, while a close below Rs 171.51 would shift attention to the next support.
12 Month Emmvee Photovoltaic Power Target Price for 2027
The 12-month target of Rs 318 means a move of 19.8% up from Rs 265.40 over the next 12 months. It would still leave the stock 14.4% below its 52-week high of Rs 371.55. Anyone checking the Emmvee Photovoltaic Power share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.
How EPS Growth and PE Multiple Change the Emmvee Photovoltaic Power Target Price
| EPS Growth | PE 10.34 | PE 12.92 | PE 14.86 |
|---|---|---|---|
| 0.0% (EPS Rs 20.49) | Rs 212 | Rs 265 | Rs 304 |
| 20.0% (EPS Rs 24.59) | Rs 254 | Rs 318 | Rs 365 |
| 25.0% (EPS Rs 25.61) | Rs 265 | Rs 331 | Rs 381 |
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 Emmvee Photovoltaic Power price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Emmvee Photovoltaic Power Stock Target in 2027
Bull Case Rs 381
The bull case Emmvee Photovoltaic Power price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 25.61, and a PE multiple that rises 15% to 14.86. That gives Rs 381, 43.6% above the current price and above the 52-week high of Rs 371.55, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 212
The downside risk level is not a target. It assumes EPS stays flat at Rs 20.49 and the PE falls 20% to 10.34. That gives Rs 212, 20.1% below the current price and above the 52-week low of Rs 171.51.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 14.86 | Rs 381 | +43.6% |
| Base Case | 20.0% | 12.92 | Rs 318 | +19.8% |
| Downside Risk | 0.0% | 10.34 | Rs 212 | -20.1% |
Key Risks to the Emmvee Photovoltaic Power Target Price for 2027
Growth Slowdown Risk for the Emmvee Photovoltaic Power Price Target
Revenue in the September 2026 quarter was up 37.4% year on year, and FY26 revenue growth was 116.2%. If growth slows from here, the EPS estimate behind the Emmvee Photovoltaic Power stock target will need revising.
Liquidity and Size Risk
Emmvee Photovoltaic Power has a market capitalisation of Rs 18,323 crore. Institutional holding is 12.00%, and promoters hold 80.03%. 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 21.2% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 12.92 versus an industry PE of 42.52, a de-rating toward the downside-risk PE of 10.34 would cut the price even if earnings hold.
Market and Technical Risk
Technical indicators add short-term risk: the 14-day RSI is 69.1 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.
How to Invest in Emmvee Photovoltaic Power
Start with the live price and volume. Any Emmvee Photovoltaic Power share price target is only as current as the data behind it, and the data here is as of 12 November 2026, so refresh the Rs 265.40 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Emmvee Photovoltaic Power’s PE, ROE, debt and shareholding in one place.
Check Emmvee Photovoltaic Power fundamentals on the Univest Screener
Then compare the three Emmvee Photovoltaic Power 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 Emmvee Photovoltaic Power live price and get daily stock recommendations.
Conclusion
The Emmvee Photovoltaic Power share price target for 2027 is Rs 318 in the base case, with Rs 381 as the bull case. The support for that view is arithmetic you can check: EPS grew 492.0% a year over FY24 to FY26, and the stock trades at a PE of 12.92. The risks are equally concrete, including a valuation that can de-rate if growth disappoints and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework for judging the Emmvee Photovoltaic Power price target, 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 Emmvee Photovoltaic Power Share Price Target 2027
What is the Emmvee Photovoltaic Power share price target for 2027?
Ans. The base-case Emmvee Photovoltaic Power share price target for 2027 is Rs 318, which is 19.8% above the price of Rs 265.40 on 12 November 2026. The bull case is Rs 381 and the downside risk level, which is not a target, is Rs 212. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.
What is the Emmvee Photovoltaic Power share price today?
Ans. As of 12 November 2026, 9:28 AM IST, Emmvee Photovoltaic Power (NSE: EMMVEE) trades at Rs 265.40, down 0.15% on the day. That is 28.6% below the 52-week high of Rs 371.55 and 54.7% above the 52-week low of Rs 171.51. The market capitalisation of Rs 18,323 crore places it among mid-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.
Is Emmvee Photovoltaic Power a buy or sell at the current price?
Ans. The data points both ways. On the positive side, EPS has grown 492.0% a year over FY24 to FY26 and the base case implies 19.8% upside; on the cautious side, the stock sits 28.6% below its 52-week high and can de-rate if growth disappoints, and the downside risk level of Rs 212 is 20% below the current price. Whether Emmvee Photovoltaic Power fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.
What are the bull case target and downside risk level for Emmvee Photovoltaic Power shares?
Ans. The bull case in the Emmvee Photovoltaic Power share price target for 2027 is Rs 381, which assumes 25.0% EPS growth and a PE of 14.86, a 15% re-rating from today’s multiple. That is 43.6% above the current price and above the 52-week high of Rs 371.55, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 212, which assumes flat EPS and a PE of 10.34, 20% lower than today. It sits 20.1% below the current price and above the 52-week low of Rs 171.51, and it marks a risk to watch, not a target.
What are the main risks to the Emmvee Photovoltaic Power price target?
Ans. Four risks matter most for the Emmvee Photovoltaic Power share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 18,323 crore, the stock is usually liquid, though exits can take longer than entries in a falling market. A fall to the downside-risk PE of 10.34 would cut the price even if earnings hold.
What is the PE ratio of Emmvee Photovoltaic Power and how does it compare with the industry?
Ans. The PE ratio of Emmvee Photovoltaic Power is 12.92, against an industry PE of 42.52, which is a discount to the industry. Price to book is 4.17 and return on equity is 32.31%, and the PE equals an earnings yield of 7.7%. The base case holds the PE unchanged, so the Emmvee Photovoltaic Power share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.
Who owns Emmvee Photovoltaic Power, and what is the promoter holding?
Ans. Promoters held 80.03% of Emmvee Photovoltaic Power in September 2026. FII held 2.19%, DII held 9.81% and the public held 7.97%. Together the two institutional groups hold 12.00%. Shareholding is filed every quarter, so it is worth rechecking after each result.
What were Emmvee Photovoltaic Power’s latest quarterly results?
Ans. In the September 2026 quarter, Emmvee Photovoltaic Power reported revenue of Rs 1,579 crore (up 37.4% year on year) and net profit of Rs 382.05 crore (up 60.6%). For comparison, FY26 full-year revenue growth was 116.2% and net profit moved up 193.1%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.