{"id":299995,"date":"2026-10-09T18:05:33","date_gmt":"2026-10-09T12:35:33","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299995"},"modified":"2026-10-09T18:05:33","modified_gmt":"2026-10-09T12:35:33","slug":"mastek-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mastek-share-price-target-2027\/","title":{"rendered":"Mastek 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>Mastek share price Rs 1,679.90 (9 October 2026). Base target Rs 1,902, bull Rs 2,300, downside risk Rs 1,318. PE 12.23. 52W range Rs 1,334.20 to Rs 2,369.00.<\/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 Mastek share price target for 2027 is Rs 1,902, about 13.2% above the current price of Rs 1,679.90. The bull case is Rs 2,300, and the downside risk level, which is not a target, is Rs 1,318. The base case assumes earnings per share grow 15.4% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 12.23. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a Mastek target price for 2027 should start with where the stock sits today. At Rs 1,679.90 on 9 October 2026, it is 29.1% below its 52-week high of Rs 2,369.00 and 25.9% above its 52-week low of Rs 1,334.20. That range spans 78% from low to high, so the entry point matters as much as the Mastek price forecast itself.<\/p>\n<p>This article builds the Mastek 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 1,902 base case and the Rs 2,300 bull case were reached, along with a downside risk level of Rs 1,318.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=mastek-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\/mastek-share-price-target-2027\/#Mastek_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Mastek Stock Analysis: Company Overview and Key Stats\">Mastek 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\/mastek-share-price-target-2027\/#Why_Is_Mastek_Share_Price_Target_Set_at_Rs_1902_for_2027\" title=\"Why Is Mastek Share Price Target Set at Rs 1,902 for 2027?\">Why Is Mastek Share Price Target Set at Rs 1,902 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\/mastek-share-price-target-2027\/#Earnings_Growth_Behind_the_Mastek_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Mastek Target Price: Five Years of Results\">Earnings Growth Behind the Mastek 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\/mastek-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\/mastek-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\/mastek-share-price-target-2027\/#Valuation_Check_for_the_Mastek_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Mastek Stock Target: PE, Price to Book and ROE\">Valuation Check for the Mastek 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\/mastek-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\/mastek-share-price-target-2027\/#Mastek_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Mastek Share Price Targets for the Short Term and 12 Months\">Mastek 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\/mastek-share-price-target-2027\/#Short_Term_Mastek_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Mastek Stock Target Levels: Technical Setup\">Short Term Mastek 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\/mastek-share-price-target-2027\/#12_Month_Mastek_Target_Price_for_2027\" title=\"12 Month Mastek Target Price for 2027\">12 Month Mastek 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\/mastek-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Mastek_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Mastek Target Price\">How EPS Growth and PE Multiple Change the Mastek 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\/mastek-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Mastek_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Mastek Stock Target in 2027\">Bull Case and Downside Risk for Mastek 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\/mastek-share-price-target-2027\/#Bull_Case_Rs_2300\" title=\"Bull Case Rs 2,300\">Bull Case Rs 2,300<\/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\/mastek-share-price-target-2027\/#Downside_Risk_Level_Rs_1318\" title=\"Downside Risk Level Rs 1,318\">Downside Risk Level Rs 1,318<\/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\/mastek-share-price-target-2027\/#Key_Risks_to_the_Mastek_Target_Price_for_2027\" title=\"Key Risks to the Mastek Target Price for 2027\">Key Risks to the Mastek 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\/mastek-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Mastek_Price_Target\" title=\"Growth Slowdown Risk for the Mastek Price Target\">Growth Slowdown Risk for the Mastek 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\/mastek-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\/mastek-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\/mastek-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\/mastek-share-price-target-2027\/#How_to_Invest_in_Mastek\" title=\"How to Invest in Mastek\">How to Invest in Mastek<\/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\/mastek-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\/mastek-share-price-target-2027\/#FAQs_on_Mastek_Share_Price_Target_2027\" title=\"FAQs on Mastek Share Price Target 2027\">FAQs on Mastek 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\/mastek-share-price-target-2027\/#What_is_the_Mastek_share_price_target_for_2027\" title=\"What is the Mastek share price target for 2027?\">What is the Mastek 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\/mastek-share-price-target-2027\/#What_is_the_Mastek_share_price_today\" title=\"What is the Mastek share price today?\">What is the Mastek 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\/mastek-share-price-target-2027\/#Is_Mastek_a_buy_or_sell_at_the_current_price\" title=\"Is Mastek a buy or sell at the current price?\">Is Mastek 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\/mastek-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Mastek_shares\" title=\"What are the bull case target and downside risk level for Mastek shares?\">What are the bull case target and downside risk level for Mastek 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\/mastek-share-price-target-2027\/#What_are_the_main_risks_to_the_Mastek_price_target\" title=\"What are the main risks to the Mastek price target?\">What are the main risks to the Mastek 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\/mastek-share-price-target-2027\/#What_is_the_PE_ratio_of_Mastek_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Mastek and how does it compare with the industry?\">What is the PE ratio of Mastek 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\/mastek-share-price-target-2027\/#Who_owns_Mastek_and_what_is_the_promoter_holding\" title=\"Who owns Mastek, and what is the promoter holding?\">Who owns Mastek, 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\/mastek-share-price-target-2027\/#What_were_Masteks_latest_quarterly_results\" title=\"What were Mastek&#8217;s latest quarterly results?\">What were Mastek&#8217;s latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Mastek_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Mastek Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mastek (NSE: MASTEK) has a market capitalisation of Rs 5,111 crore. In FY26 it reported revenue of Rs 3,769 crore and net profit of Rs 404 crore. The table collects the figures the Mastek 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\/mastek\/mastek-ltd-share-price-today\">Mastek<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>MASTEK<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 1,679.90<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 2,369.00<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 1,334.20<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 5,111 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>12.23<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>17.30<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>1.71<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>13.50%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.15<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 134.76<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.97%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 1,902<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 2,300<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 1,318<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Mastek_Share_Price_Target_Set_at_Rs_1902_for_2027\"><\/span><strong>Why Is Mastek Share Price Target Set at Rs 1,902 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Mastek stock target of Rs 1,902 applies a PE multiple of 12.23 to a forward EPS estimate of Rs 155.51. That EPS assumes 15.4% yearly growth, the pace from FY24 to FY26, and puts the target 13.2% 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_Mastek_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Mastek Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Mastek grew revenue from Rs 2,220 crore in FY22 to Rs 3,769 crore in FY26, a compound annual growth rate of 14.2%. Net profit grew more slowly, from Rs 333.42 crore to Rs 404 crore (4.9% a year), which points to margin pressure alongside the sales growth.<\/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>2,219.92<\/td>\n<td>333.42<\/td>\n<td>103.81<\/td>\n<td>19.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>2,601.68<\/td>\n<td>310.27<\/td>\n<td>95.53<\/td>\n<td>19.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>3,070.80<\/td>\n<td>310.97<\/td>\n<td>97.25<\/td>\n<td>19.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>3,477.51<\/td>\n<td>375.93<\/td>\n<td>120.65<\/td>\n<td>23.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>3,769.16<\/td>\n<td>404.00<\/td>\n<td>129.50<\/td>\n<td>24.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 8.4%, slower than the four-year average of 14.2%, and net profit moved up 7.5%. EPS rose from Rs 97.25 in FY24 to Rs 129.50 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>Mastek converted 10.7% of FY26 revenue into net profit, against 10.8% in FY25, within a five-year range of 10.1% to 15.0%. EBITDA margin was 16.6% in FY26 versus 16.6% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 997.28 crore, up 7.8% from the same quarter a year earlier, while net profit of Rs 105.88 crore was up 15.0%. EBITDA came in at Rs 163.39 crore, up 10.5% 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 0.15, and shareholders&#8217; equity grew from Rs 1,222 crore in FY22 to Rs 2,992 crore in FY26. Operating cash flow in FY26 was Rs 541.69 crore against capital expenditure of Rs 27.99 crore, leaving free cash flow of Rs 513.70 crore, or 10.1% of the current market capitalisation. In FY25 free cash flow was Rs 376.26 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Mastek_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Mastek Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 12.23 against an industry PE of 17.30, Mastek trades at a discount to its industry. Price to book is 1.71 on a book value of Rs 964.92 per share, and return on equity is 13.50%. A PE of 12.23 equals an earnings yield of 8.2%, and the FY26 dividend of Rs 24.00 per share gives a yield of 0.97%.<\/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 35.76% of Mastek in June 2026, and promoter holding fell from 35.95% in June 2025 to 35.76% in June 2026. Foreign institutional investors (FII) held 7.45% and domestic institutions (DII) held 19.86%, which puts total institutional holding at 27.31%. FII holding fell from 11.04% in June 2025 to 7.45% in June 2026. Public shareholders own the remaining 36.93%. A meaningful institutional holding adds a layer of research coverage and trading depth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mastek_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Mastek 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_Mastek_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Mastek Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 1,679.90 on 9 October 2026, Mastek trades below its 50-day simple moving average of Rs 1,701.59 and below its 200-day exponential moving average of Rs 1,783.83. The 14-day RSI reads 62.4, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 1,701.59 (50-day simple moving average) and the nearest support is Rs 1,334.20 (52-week low). A sustained move above Rs 1,701.59 would improve the short-term setup, while a close below Rs 1,334.20 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Mastek_Target_Price_for_2027\"><\/span><strong>12 Month Mastek Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Mastek is Rs 1,902: forward EPS of Rs 155.51 at a PE of 12.23. That is 13.2% above Rs 1,679.90. It would still leave the stock 19.7% below its 52-week high of Rs 2,369.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Mastek_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Mastek 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 9.78<\/th>\n<th>PE 12.23<\/th>\n<th>PE 14.06<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 134.76)<\/td>\n<td>Rs 1,318<\/td>\n<td>Rs 1,648<\/td>\n<td>Rs 1,895<\/td>\n<\/tr>\n<tr>\n<td>15.4% (EPS Rs 155.51)<\/td>\n<td>Rs 1,521<\/td>\n<td>Rs 1,902<\/td>\n<td>Rs 2,186<\/td>\n<\/tr>\n<tr>\n<td>21.4% (EPS Rs 163.59)<\/td>\n<td>Rs 1,600<\/td>\n<td>Rs 2,001<\/td>\n<td>Rs 2,300<\/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 Mastek 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_Mastek_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Mastek Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_2300\"><\/span><strong>Bull Case Rs 2,300<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Mastek price target needs EPS growth of 21.4%, which lifts forward EPS to Rs 163.59, and a PE multiple that rises 15% to 14.06. That gives Rs 2,300, 36.9% above the current price and below the 52-week high of Rs 2,369.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_1318\"><\/span><strong>Downside Risk Level Rs 1,318<\/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 134.76 and the PE falls 20% to 9.78. That gives Rs 1,318, 21.5% below the current price and below the 52-week low of Rs 1,334.20.<\/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>21.4%<\/td>\n<td>14.06<\/td>\n<td>Rs 2,300<\/td>\n<td>+36.9%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>15.4%<\/td>\n<td>12.23<\/td>\n<td>Rs 1,902<\/td>\n<td>+13.2%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>9.78<\/td>\n<td>Rs 1,318<\/td>\n<td>-21.5%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Mastek_Target_Price_for_2027\"><\/span><strong>Key Risks to the Mastek 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_Mastek_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Mastek Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 7.8% year on year, and FY26 revenue growth was 8.4%. If growth slows from here, the EPS estimate behind the Mastek 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>Mastek has a market capitalisation of Rs 5,111 crore. Institutional holding is 27.31%, and promoters hold 35.76%. 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 10.7% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 12.23 versus an industry PE of 17.30, a de-rating toward the downside-risk PE of 9.78 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 29.1% below its 52-week high, with an RSI of 62.4 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_Mastek\"><\/span><strong>How to Invest in Mastek<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Mastek 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 1,679.90 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Mastek&#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 Mastek fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Mastek target price scenarios with your own view. If you expect EPS growth below 15.4%, 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 Mastek 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 Mastek share price target for 2027 is Rs 1,902 in the base case, with Rs 2,300 as the bull case. The support for that view is arithmetic you can check: EPS grew 15.4% a year over FY24 to FY26, and the stock trades at a PE of 12.23. The risks are equally concrete, including a stock that sits 29.1% below its 52-week high and a downside scenario that cuts the price 22% 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_Mastek_Share_Price_Target_2027\"><\/span><strong>FAQs on Mastek Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Mastek_share_price_target_for_2027\"><\/span><strong>What is the Mastek share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Mastek share price target for 2027 is Rs 1,902, with Rs 2,300 as the bull case. The downside risk level, which is not a target, is Rs 1,318. 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_Mastek_share_price_today\"><\/span><strong>What is the Mastek share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 3:30 PM IST, Mastek trades at Rs 1,679.90, up 1.74% on the day. The 52-week range is Rs 1,334.20 to Rs 2,369.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Mastek_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Mastek 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 15.4% a year over FY24 to FY26, but the stock is 29.1% below its 52-week high. Whether Mastek 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_Mastek_shares\"><\/span><strong>What are the bull case target and downside risk level for Mastek shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 2,300, which assumes 21.4% EPS growth and a PE of 14.06. The downside risk level is Rs 1,318, which assumes flat EPS and a PE of 9.78. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Mastek_price_target\"><\/span><strong>What are the main risks to the Mastek 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 5,111 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Mastek_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Mastek 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 Mastek is 12.23 against an industry PE of 17.30. Price to book is 1.71 and return on equity is 13.50%. The base case in the Mastek price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Mastek_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Mastek, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 35.76% of Mastek in June 2026. FII held 7.45%, DII held 19.86% and the public held 36.93%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Masteks_latest_quarterly_results\"><\/span><strong>What were Mastek&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Mastek reported revenue of Rs 997.28 crore (up 7.8% year on year) and net profit of Rs 105.88 crore (up 15.0%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Mastek share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Mastek share price target for 2027 is Rs 1,902, with Rs 2,300 as the bull case. The downside risk level, which is not a target, is Rs 1,318. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.\"}},{\"@type\":\"Question\",\"name\":\"What is the Mastek share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of 9 October 2026, 3:30 PM IST, Mastek trades at Rs 1,679.90, up 1.74% on the day. The 52-week range is Rs 1,334.20 to Rs 2,369.00.\"}},{\"@type\":\"Question\",\"name\":\"Is Mastek a buy or sell at the current price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The data is mixed rather than one-sided: EPS has grown 15.4% a year over FY24 to FY26, but the stock is 29.1% below its 52-week high. Whether Mastek 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.\"}},{\"@type\":\"Question\",\"name\":\"What are the bull case target and downside risk level for Mastek shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The bull case target is Rs 2,300, which assumes 21.4% EPS growth and a PE of 14.06. The downside risk level is Rs 1,318, which assumes flat EPS and a PE of 9.78. It marks a risk, not a target.\"}},{\"@type\":\"Question\",\"name\":\"What are the main risks to the Mastek price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are slower revenue growth, a small market capitalisation of Rs 5,111 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.\"}},{\"@type\":\"Question\",\"name\":\"What is the PE ratio of Mastek and how does it compare with the industry?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The PE ratio of Mastek is 12.23 against an industry PE of 17.30. Price to book is 1.71 and return on equity is 13.50%. The base case in the Mastek price target holds this PE constant.\"}},{\"@type\":\"Question\",\"name\":\"Who owns Mastek, and what is the promoter holding?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Promoters held 35.76% of Mastek in June 2026. FII held 7.45%, DII held 19.86% and the public held 36.93%.\"}},{\"@type\":\"Question\",\"name\":\"What were Mastek's latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Mastek reported revenue of Rs 997.28 crore (up 7.8% year on year) and net profit of Rs 105.88 crore (up 15.0%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mastek share price target 2027: base Rs 1,902, bull Rs 2,300, downside risk level Rs 1,318, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":36,"featured_media":299994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-299995","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":["299994"],"rank_math_title":["Mastek Share Price Target 2027: Base and Bull Case"],"rank_math_description":["The Mastek share price target for 2027 is Rs 1,902 versus Rs 1,679.90 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["Mastek 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\/mastek-share-price-target-2027-base-and-bull-targets-built-on-fy26-earnings.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299995","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\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=299995"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299995\/revisions"}],"predecessor-version":[{"id":299996,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299995\/revisions\/299996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/299994"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=299995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=299995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=299995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}