{"id":300040,"date":"2026-10-09T18:13:22","date_gmt":"2026-10-09T12:43:22","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=300040"},"modified":"2026-10-09T18:13:22","modified_gmt":"2026-10-09T12:43:22","slug":"mps-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mps-share-price-target-2027\/","title":{"rendered":"MPS 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>MPS share price Rs 2,473.20 (9 October 2026). Base target Rs 3,085, bull Rs 3,696, downside risk Rs 2,057. PE 23.35. 52W range Rs 1,336.10 to Rs 2,979.00.<\/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 MPS share price target for 2027 is Rs 3,085, about 24.7% above the current price of Rs 2,473.20. The bull case is Rs 3,696, and the downside risk level, which is not a target, is Rs 2,057. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 20.8%, with the stock holding its PE of 23.35. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing an MPS target price for 2027 should start with where the stock sits today. At Rs 2,473.20 on 9 October 2026, it is 17.0% below its 52-week high of Rs 2,979.00 and 85.1% above its 52-week low of Rs 1,336.10. That range spans 123% from low to high, so the entry point matters as much as the MPS price forecast itself.<\/p>\n<p>This article builds the MPS 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 3,085 base case and the Rs 3,696 bull case were reached, along with a downside risk level of Rs 2,057.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=mps-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\/mps-share-price-target-2027\/#MPS_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"MPS Stock Analysis: Company Overview and Key Stats\">MPS 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\/mps-share-price-target-2027\/#Why_Is_MPS_Share_Price_Target_Set_at_Rs_3085_for_2027\" title=\"Why Is MPS Share Price Target Set at Rs 3,085 for 2027?\">Why Is MPS Share Price Target Set at Rs 3,085 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\/mps-share-price-target-2027\/#Earnings_Growth_Behind_the_MPS_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the MPS Target Price: Five Years of Results\">Earnings Growth Behind the MPS 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\/mps-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\/mps-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\/mps-share-price-target-2027\/#Valuation_Check_for_the_MPS_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the MPS Stock Target: PE, Price to Book and ROE\">Valuation Check for the MPS 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\/mps-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\/mps-share-price-target-2027\/#MPS_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"MPS Share Price Targets for the Short Term and 12 Months\">MPS 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\/mps-share-price-target-2027\/#Short_Term_MPS_Stock_Target_Levels_Technical_Setup\" title=\"Short Term MPS Stock Target Levels: Technical Setup\">Short Term MPS 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\/mps-share-price-target-2027\/#12_Month_MPS_Target_Price_for_2027\" title=\"12 Month MPS Target Price for 2027\">12 Month MPS 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\/mps-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_MPS_Target_Price\" title=\"How EPS Growth and PE Multiple Change the MPS Target Price\">How EPS Growth and PE Multiple Change the MPS 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\/mps-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_MPS_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for MPS Stock Target in 2027\">Bull Case and Downside Risk for MPS 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\/mps-share-price-target-2027\/#Bull_Case_Rs_3696\" title=\"Bull Case Rs 3,696\">Bull Case Rs 3,696<\/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\/mps-share-price-target-2027\/#Downside_Risk_Level_Rs_2057\" title=\"Downside Risk Level Rs 2,057\">Downside Risk Level Rs 2,057<\/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\/mps-share-price-target-2027\/#Key_Risks_to_the_MPS_Target_Price_for_2027\" title=\"Key Risks to the MPS Target Price for 2027\">Key Risks to the MPS 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\/mps-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_MPS_Price_Target\" title=\"Growth Slowdown Risk for the MPS Price Target\">Growth Slowdown Risk for the MPS 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\/mps-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\/mps-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\/mps-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\/mps-share-price-target-2027\/#How_to_Invest_in_MPS\" title=\"How to Invest in MPS\">How to Invest in MPS<\/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\/mps-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\/mps-share-price-target-2027\/#FAQs_on_MPS_Share_Price_Target_2027\" title=\"FAQs on MPS Share Price Target 2027\">FAQs on MPS 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\/mps-share-price-target-2027\/#What_is_the_MPS_share_price_target_for_2027\" title=\"What is the MPS share price target for 2027?\">What is the MPS 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\/mps-share-price-target-2027\/#What_is_the_MPS_share_price_today\" title=\"What is the MPS share price today?\">What is the MPS 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\/mps-share-price-target-2027\/#Is_MPS_a_buy_or_sell_at_the_current_price\" title=\"Is MPS a buy or sell at the current price?\">Is MPS 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\/mps-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_MPS_shares\" title=\"What are the bull case target and downside risk level for MPS shares?\">What are the bull case target and downside risk level for MPS 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\/mps-share-price-target-2027\/#What_are_the_main_risks_to_the_MPS_price_target\" title=\"What are the main risks to the MPS price target?\">What are the main risks to the MPS 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\/mps-share-price-target-2027\/#What_is_the_PE_ratio_of_MPS_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of MPS and how does it compare with the industry?\">What is the PE ratio of MPS 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\/mps-share-price-target-2027\/#Who_owns_MPS_and_what_is_the_promoter_holding\" title=\"Who owns MPS, and what is the promoter holding?\">Who owns MPS, 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\/mps-share-price-target-2027\/#What_were_MPSs_latest_quarterly_results\" title=\"What were MPS&#8217;s latest quarterly results?\">What were MPS&#8217;s latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"MPS_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>MPS Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>MPS (NSE: MPSLTD) has a market capitalisation of Rs 4,399 crore. In FY26 it reported revenue of Rs 783.95 crore and net profit of Rs 173.22 crore. The table collects the figures the MPS 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\/mpsltd\/mps-ltd-share-price-today\">MPS<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>MPSLTD<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 2,473.20<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 2,979.00<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 1,336.10<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 4,399 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>23.35<\/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>7.38<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>29.05%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.10<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 110.12<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.00%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 3,085<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 3,696<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 2,057<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_MPS_Share_Price_Target_Set_at_Rs_3085_for_2027\"><\/span><strong>Why Is MPS Share Price Target Set at Rs 3,085 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case MPS stock target of Rs 3,085 applies a PE multiple of 23.35 to a forward EPS estimate of Rs 132.14. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 24.7% 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_MPS_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the MPS Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>MPS grew revenue from Rs 462.97 crore in FY22 to Rs 783.95 crore in FY26, a compound annual growth rate of 14.1%. Net profit grew faster, from Rs 87.12 crore to Rs 173.22 crore (18.7% 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>462.97<\/td>\n<td>87.12<\/td>\n<td>48.61<\/td>\n<td>30.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>511.82<\/td>\n<td>109.19<\/td>\n<td>63.87<\/td>\n<td>20.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>557.52<\/td>\n<td>118.77<\/td>\n<td>69.96<\/td>\n<td>75.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>739.41<\/td>\n<td>148.91<\/td>\n<td>87.73<\/td>\n<td>83.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>783.95<\/td>\n<td>173.22<\/td>\n<td>102.06<\/td>\n<td>0.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 6.0%, slower than the four-year average of 14.1%, and net profit moved up 16.3%. EPS rose from Rs 69.96 in FY24 to Rs 102.06 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>MPS converted 22.1% of FY26 revenue into net profit, against 20.1% in FY25, within a five-year range of 18.8% to 22.1%. EBITDA margin was 33.0% in FY26 versus 31.0% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 227.15 crore, up 17.4% from the same quarter a year earlier, while net profit of Rs 50.39 crore was up 43.0%. EBITDA came in at Rs 79.87 crore, up 39.1% 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 0.10, and shareholders&#8217; equity grew from Rs 366.87 crore in FY22 to Rs 596.33 crore in FY26. Operating cash flow in FY26 was Rs 196.80 crore against capital expenditure of Rs 8.47 crore, leaving free cash flow of Rs 188.33 crore, or 4.3% of the current market capitalisation. In FY25 free cash flow was Rs 92.28 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_MPS_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the MPS Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 23.35 against an industry PE of 17.30, MPS trades at a premium to its industry. Price to book is 7.38 on a book value of Rs 348.61 per share, and return on equity is 29.05%. A PE of 23.35 equals an earnings yield of 4.3%, and the FY26 dividend of Rs 0.00 per share gives a yield of 0.00%.<\/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 68.34% of MPS in June 2026, and promoter holding has stayed near 68.34% since June 2025. Foreign institutional investors (FII) held 1.38% and domestic institutions (DII) held 2.14%, which puts total institutional holding at 3.52%. FII holding fell from 1.82% in June 2025 to 1.38% in June 2026. Public shareholders own the remaining 28.14%. 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=\"MPS_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>MPS 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_MPS_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term MPS Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 2,473.20 on 9 October 2026, MPS trades below its 50-day simple moving average of Rs 2,706.62 and above its 200-day exponential moving average of Rs 2,240.36. The 14-day RSI reads 35.9, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 2,706.62 (50-day simple moving average) and the nearest support is Rs 2,240.36 (200-day exponential moving average). A sustained move above Rs 2,706.62 would improve the short-term setup, while a close below Rs 2,240.36 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_MPS_Target_Price_for_2027\"><\/span><strong>12 Month MPS Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for MPS is Rs 3,085: forward EPS of Rs 132.14 at a PE of 23.35. That is 24.7% above Rs 2,473.20. It would also push the stock above its 52-week high of Rs 2,979.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_MPS_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the MPS 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 18.68<\/th>\n<th>PE 23.35<\/th>\n<th>PE 26.85<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 110.12)<\/td>\n<td>Rs 2,057<\/td>\n<td>Rs 2,571<\/td>\n<td>Rs 2,957<\/td>\n<\/tr>\n<tr>\n<td>20.0% (EPS Rs 132.14)<\/td>\n<td>Rs 2,468<\/td>\n<td>Rs 3,085<\/td>\n<td>Rs 3,548<\/td>\n<\/tr>\n<tr>\n<td>25.0% (EPS Rs 137.65)<\/td>\n<td>Rs 2,571<\/td>\n<td>Rs 3,214<\/td>\n<td>Rs 3,696<\/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 MPS 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_MPS_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for MPS Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_3696\"><\/span><strong>Bull Case Rs 3,696<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case MPS price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 137.65, and a PE multiple that rises 15% to 26.85. That gives Rs 3,696, 49.4% above the current price and above the 52-week high of Rs 2,979.00, so the stock would have to set a fresh 52-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_2057\"><\/span><strong>Downside Risk Level Rs 2,057<\/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 110.12 and the PE falls 20% to 18.68. That gives Rs 2,057, 16.8% below the current price and above the 52-week low of Rs 1,336.10.<\/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>26.85<\/td>\n<td>Rs 3,696<\/td>\n<td>+49.4%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>20.0%<\/td>\n<td>23.35<\/td>\n<td>Rs 3,085<\/td>\n<td>+24.7%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>18.68<\/td>\n<td>Rs 2,057<\/td>\n<td>-16.8%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_MPS_Target_Price_for_2027\"><\/span><strong>Key Risks to the MPS 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_MPS_Price_Target\"><\/span><strong>Growth Slowdown Risk for the MPS Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 17.4% year on year, and FY26 revenue growth was 6.0%. If growth slows from here, the EPS estimate behind the MPS 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>MPS has a market capitalisation of Rs 4,399 crore. Institutional holding is 3.52%, and promoters hold 68.34%. 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 22.1% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 23.35 versus an industry PE of 17.30, a de-rating toward the downside-risk PE of 18.68 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 17.0% below its 52-week high, with an RSI of 35.9 and a MACD reading below 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_MPS\"><\/span><strong>How to Invest in MPS<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any MPS 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 2,473.20 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check MPS&#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 MPS fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three MPS 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 MPS 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 MPS share price target for 2027 is Rs 3,085 in the base case, with Rs 3,696 as the bull case. The support for that view is arithmetic you can check: EPS grew 20.8% a year over FY24 to FY26, and the stock trades at a PE of 23.35. The risks are equally concrete, including institutional holding of only 3.52% and a downside scenario that cuts the price 17% 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_MPS_Share_Price_Target_2027\"><\/span><strong>FAQs on MPS Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_MPS_share_price_target_for_2027\"><\/span><strong>What is the MPS share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case MPS share price target for 2027 is Rs 3,085, with Rs 3,696 as the bull case. The downside risk level, which is not a target, is Rs 2,057. 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_MPS_share_price_today\"><\/span><strong>What is the MPS 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, MPS trades at Rs 2,473.20, down 3.91% on the day. The 52-week range is Rs 1,336.10 to Rs 2,979.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_MPS_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is MPS 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 20.8% a year over FY24 to FY26, but institutional holding is only 3.52%. Whether MPS 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_MPS_shares\"><\/span><strong>What are the bull case target and downside risk level for MPS shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 3,696, which assumes 25.0% EPS growth and a PE of 26.85. The downside risk level is Rs 2,057, which assumes flat EPS and a PE of 18.68. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_MPS_price_target\"><\/span><strong>What are the main risks to the MPS 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 4,399 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 3.52%, which can make price moves sharper.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_MPS_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of MPS 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 MPS is 23.35 against an industry PE of 17.30. Price to book is 7.38 and return on equity is 29.05%. The base case in the MPS price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_MPS_and_what_is_the_promoter_holding\"><\/span><strong>Who owns MPS, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 68.34% of MPS in June 2026. FII held 1.38%, DII held 2.14% and the public held 28.14%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_MPSs_latest_quarterly_results\"><\/span><strong>What were MPS&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, MPS reported revenue of Rs 227.15 crore (up 17.4% year on year) and net profit of Rs 50.39 crore (up 43.0%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the MPS share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case MPS share price target for 2027 is Rs 3,085, with Rs 3,696 as the bull case. The downside risk level, which is not a target, is Rs 2,057. 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See the bull case, downside risk, earnings trend, valuation and key risks. October 2026."],"rank_math_focus_keyword":["MPS 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\/mps-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\/300040","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\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=300040"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/300040\/revisions"}],"predecessor-version":[{"id":300041,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/300040\/revisions\/300041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/300039"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=300040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=300040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=300040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}