MMTC Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Chaitanya Auti
- Category: Market
MMTC share price Rs 54.87 (9 October 2026). Base target Rs 65.2, bull Rs 78.1, downside risk Rs 43.4. PE 18.22. 52W range Rs 50.10 to Rs 78.35.
Quick Answer
The MMTC share price target for 2027 is Rs 65.2, about 18.8% above the current price of Rs 54.87. The bull case is Rs 78.1, and the downside risk level, which is not a target, is Rs 43.4. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 42.0%, with the stock holding its PE of 18.22. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing an MMTC target price for 2027 should start with where the stock sits today. At Rs 54.87 on 9 October 2026, it is 30.0% below its 52-week high of Rs 78.35 and 9.5% above its 52-week low of Rs 50.10. That range spans 56% from low to high, so the entry point matters as much as the MMTC price forecast itself.
This article builds the MMTC share price target from reported numbers only: four 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 65.2 base case and the Rs 78.1 bull case were reached, along with a downside risk level of Rs 43.4.
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MMTC Stock Analysis: Company Overview and Key Stats
MMTC (NSE: MMTC) has a market capitalisation of Rs 8,145 crore. In FY26 it reported revenue of Rs 180.58 crore and net profit of Rs 387.38 crore. The table collects the figures the MMTC share price target is built on.
| Metric | Value |
|---|---|
| Company | MMTC |
| NSE Ticker | MMTC |
| CMP (9 October 2026) | Rs 54.87 |
| 52-Week High | Rs 78.35 |
| 52-Week Low | Rs 50.10 |
| Market Cap | Rs 8,145 crore |
| PE Ratio (TTM) | 18.22 |
| Industry PE | 54.60 |
| Price to Book | 3.84 |
| Return on Equity | 4.72% |
| Debt to Equity | 0.00 |
| EPS (TTM) | Rs 2.98 |
| Dividend Yield | 0.00% |
| 12-Month Base Target | Rs 65.2 |
| Bull Case | Rs 78.1 |
| Downside Risk Level (not a target) | Rs 43.4 |
Why Is MMTC Share Price Target Set at Rs 65.2 for 2027?
The base-case MMTC stock target of Rs 65.2 applies a PE multiple of 18.22 to a forward EPS estimate of Rs 3.58. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 18.8% 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 MMTC Target Price: Four Years of Results
MMTC grew revenue from Rs 3,621 crore in FY23 to Rs 180.58 crore in FY26, a compound annual growth rate of -63.2%. Net profit grew faster, from Rs 1,562 crore to Rs 387.38 crore (-37.2% 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) |
|---|---|---|---|---|
| FY23 | 3,621.29 | 1,562.27 | 10.42 | 0.00 |
| FY24 | 204.33 | 192.18 | 1.28 | 0.00 |
| FY25 | 262.78 | 86.63 | 0.58 | 0.00 |
| FY26 | 180.58 | 387.38 | 2.58 | 0.00 |
FY26 revenue growth was -31.3%, faster than the three-year average of -63.2%, and net profit moved up 347.2%. EPS rose from Rs 1.28 in FY24 to Rs 2.58 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
MMTC converted 214.5% of FY26 revenue into net profit, against 33.0% in FY25, within a four-year range of 33.0% to 214.5%. EBITDA margin was 356.9% in FY26 versus 47.3% in FY25.
In the June 2026 quarter, revenue was Rs 146.12 crore, up 104.2% from the same quarter a year earlier, while net profit of Rs 104.24 crore was up 135.5%. EBITDA came in at Rs 125.25 crore, up 165.9% 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 0.00, and shareholders’ equity grew from Rs 1,412 crore in FY23 to Rs 2,121 crore in FY26. Operating cash flow in FY26 was negative at Rs 605.26 crore against capital expenditure of Rs 0.09 crore, leaving negative free cash flow of Rs 605.35 crore. In FY25 free cash flow was negative at Rs 367.46 crore.
Valuation Check for the MMTC Stock Target: PE, Price to Book and ROE
At a PE of 18.22 against an industry PE of 54.60, MMTC trades at a discount to its industry. Price to book is 3.84 on a book value of Rs 14.14 per share, and return on equity is 4.72%. A PE of 18.22 equals an earnings yield of 5.5%, and the FY26 dividend of Rs 0.00 per share gives a yield of 0.00%.
Shareholding Pattern and Institutional Holding
Promoters held 89.93% of MMTC in September 2026, and promoter holding has stayed near 89.93% since September 2025. Foreign institutional investors (FII) held 0.07% and domestic institutions (DII) held 1.78%, which puts total institutional holding at 1.85%. FII holding has stayed near 0.07% since September 2025. Public shareholders own the remaining 8.22%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.
MMTC Share Price Targets for the Short Term and 12 Months
Short Term MMTC Stock Target Levels: Technical Setup
At Rs 54.87 on 9 October 2026, MMTC trades below its 50-day simple moving average of Rs 61.46 and below its 200-day exponential moving average of Rs 63.18. The 14-day RSI reads 25.9, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 61.46 (50-day simple moving average) and the nearest support is Rs 50.10 (52-week low). A sustained move above Rs 61.46 would improve the short-term setup, while a close below Rs 50.10 would shift attention to the next support.
12 Month MMTC Target Price for 2027
The 12-month target for MMTC is Rs 65.2: forward EPS of Rs 3.58 at a PE of 18.22. That is 18.8% above Rs 54.87. It would still leave the stock 16.8% below its 52-week high of Rs 78.35.
How EPS Growth and PE Multiple Change the MMTC Target Price
| EPS Growth | PE 14.58 | PE 18.22 | PE 20.95 |
|---|---|---|---|
| 0.0% (EPS Rs 2.98) | Rs 43.4 | Rs 54.3 | Rs 62.4 |
| 20.0% (EPS Rs 3.58) | Rs 52.2 | Rs 65.2 | Rs 75.0 |
| 25.0% (EPS Rs 3.73) | Rs 54.4 | Rs 68.0 | Rs 78.1 |
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 MMTC price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for MMTC Stock Target in 2027
Bull Case Rs 78.1
The bull case MMTC price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 3.73, and a PE multiple that rises 15% to 20.95. That gives Rs 78.1, 42.3% above the current price and below the 52-week high of Rs 78.35.
Downside Risk Level Rs 43.4
The downside risk level is not a target. It assumes EPS stays flat at Rs 2.98 and the PE falls 20% to 14.58. That gives Rs 43.4, 20.9% below the current price and below the 52-week low of Rs 50.10.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 20.95 | Rs 78.1 | +42.3% |
| Base Case | 20.0% | 18.22 | Rs 65.2 | +18.8% |
| Downside Risk | 0.0% | 14.58 | Rs 43.4 | -20.9% |
Key Risks to the MMTC Target Price for 2027
Growth Slowdown Risk for the MMTC Price Target
Revenue in the June 2026 quarter was up 104.2% year on year, and FY26 revenue growth was -31.3%. If growth slows from here, the EPS estimate behind the MMTC stock target will need revising.
Liquidity and Size Risk
MMTC has a market capitalisation of Rs 8,145 crore. Institutional holding is 1.85%, and promoters hold 89.93%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.
Valuation and Margin Risk
Net margin was 214.5% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 18.22 versus an industry PE of 54.60, a de-rating toward the downside-risk PE of 14.58 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 30.0% below its 52-week high, with an RSI of 25.9 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in MMTC
Start with the live price and volume. Any MMTC 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 54.87 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check MMTC’s PE, ROE, debt and shareholding in one place.
Check MMTC fundamentals on the Univest Screener
Then compare the three MMTC 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 MMTC live price and get daily stock recommendations.
Conclusion
The MMTC share price target for 2027 is Rs 65.2 in the base case, with Rs 78.1 as the bull case. The support for that view is arithmetic you can check: EPS grew 42.0% a year over FY24 to FY26, and the stock trades at a PE of 18.22. The risks are equally concrete, including institutional holding of only 1.85% and a downside scenario that cuts the price 21% 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 MMTC Share Price Target 2027
What is the MMTC share price target for 2027?
Ans. The base-case MMTC share price target for 2027 is Rs 65.2, with Rs 78.1 as the bull case. The downside risk level, which is not a target, is Rs 43.4. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the MMTC share price today?
Ans. As of 9 October 2026, 3:30 PM IST, MMTC trades at Rs 54.87, up 1.11% on the day. The 52-week range is Rs 50.10 to Rs 78.35.
Is MMTC a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 42.0% a year over FY24 to FY26, but institutional holding is only 1.85%. Whether MMTC 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 MMTC shares?
Ans. The bull case target is Rs 78.1, which assumes 25.0% EPS growth and a PE of 20.95. The downside risk level is Rs 43.4, which assumes flat EPS and a PE of 14.58. It marks a risk, not a target.
What are the main risks to the MMTC price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 8,145 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 1.85%, which can make price moves sharper.
What is the PE ratio of MMTC and how does it compare with the industry?
Ans. The PE ratio of MMTC is 18.22 against an industry PE of 54.60. Price to book is 3.84 and return on equity is 4.72%. The base case in the MMTC price target holds this PE constant.
Who owns MMTC, and what is the promoter holding?
Ans. Promoters held 89.93% of MMTC in September 2026. FII held 0.07%, DII held 1.78% and the public held 8.22%.
What were MMTC’s latest quarterly results?
Ans. In the June 2026 quarter, MMTC reported revenue of Rs 146.12 crore (up 104.2% year on year) and net profit of Rs 104.24 crore (up 135.5%).