{"id":299873,"date":"2026-10-09T17:45:48","date_gmt":"2026-10-09T12:15:48","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299873"},"modified":"2026-10-09T17:45:48","modified_gmt":"2026-10-09T12:15:48","slug":"jay-bharat-maruti-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/","title":{"rendered":"Jay Bharat Maruti Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Jay Bharat Maruti share price Rs 125.40 (9 October 2026). Base target Rs 153, bull Rs 184, downside risk Rs 102. PE 10.0. 52W range Rs 74.15 to Rs 207.00.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Jay Bharat Maruti share price target for 2027 is Rs 153, about 22.0% above the current price of Rs 125.40. The bull case is Rs 184, and the downside risk level, which is not a target, is Rs 102. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 101.4%, with the stock holding its PE of 10.0. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a Jay Bharat Maruti target price for 2027 should start with where the stock sits today. At Rs 125.40 on 9 October 2026, it is 39.4% below its 52-week high of Rs 207.00 and 69.1% above its 52-week low of Rs 74.15. That range spans 179% from low to high, so the entry point matters as much as the Jay Bharat Maruti price forecast itself.<\/p>\n<p>This article builds the Jay Bharat Maruti 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 153 base case and the Rs 184 bull case were reached, along with a downside risk level of Rs 102.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=jay-bharat-maruti-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Jay_Bharat_Maruti_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Jay Bharat Maruti Stock Analysis: Company Overview and Key Stats\">Jay Bharat Maruti Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Why_Is_Jay_Bharat_Maruti_Share_Price_Target_Set_at_Rs_153_for_2027\" title=\"Why Is Jay Bharat Maruti Share Price Target Set at Rs 153 for 2027?\">Why Is Jay Bharat Maruti Share Price Target Set at Rs 153 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Earnings_Growth_Behind_the_Jay_Bharat_Maruti_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Jay Bharat Maruti Target Price: Five Years of Results\">Earnings Growth Behind the Jay Bharat Maruti Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Valuation_Check_for_the_Jay_Bharat_Maruti_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Jay Bharat Maruti Stock Target: PE, Price to Book and ROE\">Valuation Check for the Jay Bharat Maruti Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Jay_Bharat_Maruti_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Jay Bharat Maruti Share Price Targets for the Short Term and 12 Months\">Jay Bharat Maruti Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Short_Term_Jay_Bharat_Maruti_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Jay Bharat Maruti Stock Target Levels: Technical Setup\">Short Term Jay Bharat Maruti Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#12_Month_Jay_Bharat_Maruti_Target_Price_for_2027\" title=\"12 Month Jay Bharat Maruti Target Price for 2027\">12 Month Jay Bharat Maruti Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Jay_Bharat_Maruti_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Jay Bharat Maruti Target Price\">How EPS Growth and PE Multiple Change the Jay Bharat Maruti Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Jay_Bharat_Maruti_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Jay Bharat Maruti Stock Target in 2027\">Bull Case and Downside Risk for Jay Bharat Maruti Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Bull_Case_Rs_184\" title=\"Bull Case Rs 184\">Bull Case Rs 184<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Downside_Risk_Level_Rs_102\" title=\"Downside Risk Level Rs 102\">Downside Risk Level Rs 102<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Key_Risks_to_the_Jay_Bharat_Maruti_Target_Price_for_2027\" title=\"Key Risks to the Jay Bharat Maruti Target Price for 2027\">Key Risks to the Jay Bharat Maruti Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Jay_Bharat_Maruti_Price_Target\" title=\"Growth Slowdown Risk for the Jay Bharat Maruti Price Target\">Growth Slowdown Risk for the Jay Bharat Maruti Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#How_to_Invest_in_Jay_Bharat_Maruti\" title=\"How to Invest in Jay Bharat Maruti\">How to Invest in Jay Bharat Maruti<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#FAQs_on_Jay_Bharat_Maruti_Share_Price_Target_2027\" title=\"FAQs on Jay Bharat Maruti Share Price Target 2027\">FAQs on Jay Bharat Maruti Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#What_is_the_Jay_Bharat_Maruti_share_price_target_for_2027\" title=\"What is the Jay Bharat Maruti share price target for 2027?\">What is the Jay Bharat Maruti share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#What_is_the_Jay_Bharat_Maruti_share_price_today\" title=\"What is the Jay Bharat Maruti share price today?\">What is the Jay Bharat Maruti share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Is_Jay_Bharat_Maruti_a_buy_or_sell_at_the_current_price\" title=\"Is Jay Bharat Maruti a buy or sell at the current price?\">Is Jay Bharat Maruti a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Jay_Bharat_Maruti_shares\" title=\"What are the bull case target and downside risk level for Jay Bharat Maruti shares?\">What are the bull case target and downside risk level for Jay Bharat Maruti shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#What_are_the_main_risks_to_the_Jay_Bharat_Maruti_price_target\" title=\"What are the main risks to the Jay Bharat Maruti price target?\">What are the main risks to the Jay Bharat Maruti price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#What_is_the_PE_ratio_of_Jay_Bharat_Maruti_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Jay Bharat Maruti and how does it compare with the industry?\">What is the PE ratio of Jay Bharat Maruti and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#Who_owns_Jay_Bharat_Maruti_and_what_is_the_promoter_holding\" title=\"Who owns Jay Bharat Maruti, and what is the promoter holding?\">Who owns Jay Bharat Maruti, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/jay-bharat-maruti-share-price-target-2027\/#What_were_Jay_Bharat_Marutis_latest_quarterly_results\" title=\"What were Jay Bharat Maruti&#8217;s latest quarterly results?\">What were Jay Bharat Maruti&#8217;s latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Jay_Bharat_Maruti_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Jay Bharat Maruti Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Jay Bharat Maruti (NSE: JAYBARMARU) has a market capitalisation of Rs 1,382 crore. In FY26 it reported revenue of Rs 2,554 crore and net profit of Rs 139.67 crore. The table collects the figures the Jay Bharat Maruti share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/jaybarmaru\/jay-bharat-maruti-ltd-share-price-today\">Jay Bharat Maruti<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>JAYBARMARU<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 125.40<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 207.00<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 74.15<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 1,382 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>10.00<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>37.01<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>1.99<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>20.06%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.76<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 12.77<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.55%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 153<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 184<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 102<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Jay_Bharat_Maruti_Share_Price_Target_Set_at_Rs_153_for_2027\"><\/span><strong>Why Is Jay Bharat Maruti Share Price Target Set at Rs 153 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Jay Bharat Maruti stock target of Rs 153 applies a PE multiple of 10.00 to a forward EPS estimate of Rs 15.32. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 22.0% 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Jay_Bharat_Maruti_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Jay Bharat Maruti Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Jay Bharat Maruti grew revenue from Rs 2,079 crore in FY22 to Rs 2,554 crore in FY26, a compound annual growth rate of 5.3%. Net profit grew faster, from Rs 28.14 crore to Rs 139.67 crore (49.3% a year), which shows margin gains did part of the work and not just higher sales.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>2,078.81<\/td>\n<td>28.14<\/td>\n<td>6.50<\/td>\n<td>1.25<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>2,345.48<\/td>\n<td>37.90<\/td>\n<td>3.50<\/td>\n<td>1.75<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>2,295.86<\/td>\n<td>32.21<\/td>\n<td>2.98<\/td>\n<td>0.70<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>2,292.95<\/td>\n<td>32.91<\/td>\n<td>3.04<\/td>\n<td>0.70<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>2,553.91<\/td>\n<td>139.67<\/td>\n<td>12.09<\/td>\n<td>0.70<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 11.4%, faster than the four-year average of 5.3%, and net profit moved up 324.4%. EPS rose from Rs 2.98 in FY24 to Rs 12.09 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Jay Bharat Maruti converted 5.5% of FY26 revenue into net profit, against 1.4% in FY25, within a five-year range of 1.4% to 5.5%. EBITDA margin was 11.3% in FY26 versus 7.4% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 626.97 crore, up 12.6% from the same quarter a year earlier, while net profit of Rs 21.85 crore was down 6.2%. EBITDA came in at Rs 63.10 crore, down 4.2% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.76, and shareholders&#8217; equity grew from Rs 474.27 crore in FY22 to Rs 696.12 crore in FY26. Operating cash flow in FY26 was Rs 196.58 crore against capital expenditure of Rs 149.34 crore, leaving free cash flow of Rs 47.24 crore, or 3.4% of the current market capitalisation. In FY25 free cash flow was negative at Rs 65.55 crore, so cash generation has not been steady year to year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Jay_Bharat_Maruti_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Jay Bharat Maruti Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 10.00 against an industry PE of 37.01, Jay Bharat Maruti trades at a discount to its industry. Price to book is 1.99 on a book value of Rs 64.31 per share, and return on equity is 20.06%. A PE of 10.00 equals an earnings yield of 10.0%, and the FY26 dividend of Rs 0.70 per share gives a yield of 0.55%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 59.35% of Jay Bharat Maruti in June 2026, and promoter holding has stayed near 59.35% since June 2025. Foreign institutional investors (FII) held 1.31% and domestic institutions (DII) held 0.02%, which puts total institutional holding at 1.33%. FII holding rose from 0.84% in June 2025 to 1.31% in June 2026. Public shareholders own the remaining 39.32%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jay_Bharat_Maruti_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Jay Bharat Maruti Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Jay_Bharat_Maruti_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Jay Bharat Maruti Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 125.40 on 9 October 2026, Jay Bharat Maruti trades below its 50-day simple moving average of Rs 127.61 and above its 200-day exponential moving average of Rs 120.47. The 14-day RSI reads 67.6, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 127.61 (50-day simple moving average) and the nearest support is Rs 120.47 (200-day exponential moving average). A sustained move above Rs 127.61 would improve the short-term setup, while a close below Rs 120.47 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Jay_Bharat_Maruti_Target_Price_for_2027\"><\/span><strong>12 Month Jay Bharat Maruti Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Jay Bharat Maruti is Rs 153: forward EPS of Rs 15.32 at a PE of 10.00. That is 22.0% above Rs 125.40. It would still leave the stock 26.1% below its 52-week high of Rs 207.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Jay_Bharat_Maruti_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Jay Bharat Maruti Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 8.00<\/th>\n<th>PE 10.00<\/th>\n<th>PE 11.50<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 12.77)<\/td>\n<td>Rs 102<\/td>\n<td>Rs 128<\/td>\n<td>Rs 147<\/td>\n<\/tr>\n<tr>\n<td>20.0% (EPS Rs 15.32)<\/td>\n<td>Rs 123<\/td>\n<td>Rs 153<\/td>\n<td>Rs 176<\/td>\n<\/tr>\n<tr>\n<td>25.0% (EPS Rs 15.96)<\/td>\n<td>Rs 128<\/td>\n<td>Rs 160<\/td>\n<td>Rs 184<\/td>\n<\/tr>\n<\/table>\n<p>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 Jay Bharat Maruti price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Jay_Bharat_Maruti_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Jay Bharat Maruti Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_184\"><\/span><strong>Bull Case Rs 184<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Jay Bharat Maruti price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 15.96, and a PE multiple that rises 15% to 11.50. That gives Rs 184, 46.7% above the current price and below the 52-week high of Rs 207.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_102\"><\/span><strong>Downside Risk Level Rs 102<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 12.77 and the PE falls 20% to 8.00. That gives Rs 102, 18.7% below the current price and above the 52-week low of Rs 74.15.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>25.0%<\/td>\n<td>11.50<\/td>\n<td>Rs 184<\/td>\n<td>+46.7%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>20.0%<\/td>\n<td>10.00<\/td>\n<td>Rs 153<\/td>\n<td>+22.0%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>8.00<\/td>\n<td>Rs 102<\/td>\n<td>-18.7%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Jay_Bharat_Maruti_Target_Price_for_2027\"><\/span><strong>Key Risks to the Jay Bharat Maruti Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Jay_Bharat_Maruti_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Jay Bharat Maruti Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 12.6% year on year, and FY26 revenue growth was 11.4%. If growth slows from here, the EPS estimate behind the Jay Bharat Maruti stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Jay Bharat Maruti has a market capitalisation of Rs 1,382 crore. Institutional holding is 1.33%, and promoters hold 59.35%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 5.5% in FY26, so a small slip in costs moves profit noticeably. At a PE of 10.00 versus an industry PE of 37.01, a de-rating toward the downside-risk PE of 8.00 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 39.4% below its 52-week high, with an RSI of 67.6 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Jay_Bharat_Maruti\"><\/span><strong>How to Invest in Jay Bharat Maruti<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Jay Bharat Maruti 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 125.40 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Jay Bharat Maruti&#8217;s PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Jay Bharat Maruti fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Jay Bharat Maruti 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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Jay Bharat Maruti live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Jay Bharat Maruti share price target for 2027 is Rs 153 in the base case, with Rs 184 as the bull case. The support for that view is arithmetic you can check: EPS grew 101.4% a year over FY24 to FY26, and the stock trades at a PE of 10.00. The risks are equally concrete, including institutional holding of only 1.33% and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Jay_Bharat_Maruti_Share_Price_Target_2027\"><\/span><strong>FAQs on Jay Bharat Maruti Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Jay_Bharat_Maruti_share_price_target_for_2027\"><\/span><strong>What is the Jay Bharat Maruti share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Jay Bharat Maruti share price target for 2027 is Rs 153, with Rs 184 as the bull case. The downside risk level, which is not a target, is Rs 102. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Jay_Bharat_Maruti_share_price_today\"><\/span><strong>What is the Jay Bharat Maruti share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 3:29 PM IST, Jay Bharat Maruti trades at Rs 125.40, down 2.03% on the day. The 52-week range is Rs 74.15 to Rs 207.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Jay_Bharat_Maruti_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Jay Bharat Maruti a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 101.4% a year over FY24 to FY26, but institutional holding is only 1.33%. Whether Jay Bharat Maruti 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Jay_Bharat_Maruti_shares\"><\/span><strong>What are the bull case target and downside risk level for Jay Bharat Maruti shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 184, which assumes 25.0% EPS growth and a PE of 11.50. The downside risk level is Rs 102, which assumes flat EPS and a PE of 8.00. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Jay_Bharat_Maruti_price_target\"><\/span><strong>What are the main risks to the Jay Bharat Maruti price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 1,382 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 1.33%, which can make price moves sharper.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Jay_Bharat_Maruti_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Jay Bharat Maruti and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Jay Bharat Maruti is 10.00 against an industry PE of 37.01. Price to book is 1.99 and return on equity is 20.06%. The base case in the Jay Bharat Maruti price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Jay_Bharat_Maruti_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Jay Bharat Maruti, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 59.35% of Jay Bharat Maruti in June 2026. FII held 1.31%, DII held 0.02% and the public held 39.32%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Jay_Bharat_Marutis_latest_quarterly_results\"><\/span><strong>What were Jay Bharat Maruti&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Jay Bharat Maruti reported revenue of Rs 626.97 crore (up 12.6% year on year) and net profit of Rs 21.85 crore (down 6.2%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Jay Bharat Maruti share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Jay Bharat Maruti share price target for 2027 is Rs 153, with Rs 184 as the bull case. The downside risk level, which is not a target, is Rs 102. 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FII held 1.31%, DII held 0.02% and the public held 39.32%.\"}},{\"@type\":\"Question\",\"name\":\"What were Jay Bharat Maruti's latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Jay Bharat Maruti reported revenue of Rs 626.97 crore (up 12.6% year on year) and net profit of Rs 21.85 crore (down 6.2%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jay Bharat Maruti share price target 2027: base Rs 153, bull Rs 184, downside risk level Rs 102, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":28,"featured_media":299872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-299873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["299872"],"rank_math_title":["Jay Bharat Maruti Share Price Target 2027: Base and Bull Case"],"rank_math_description":["The Jay Bharat Maruti share price target for 2027 is Rs 153 versus Rs 125.40 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["Jay Bharat Maruti share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/jay-bharat-maruti-share-price-target-2027-base-and-bull-targets-built-on-fy26.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=299873"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299873\/revisions"}],"predecessor-version":[{"id":299874,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299873\/revisions\/299874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/299872"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=299873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=299873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=299873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}