{"id":300049,"date":"2026-10-09T18:14:54","date_gmt":"2026-10-09T12:44:54","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=300049"},"modified":"2026-10-09T18:14:54","modified_gmt":"2026-10-09T12:44:54","slug":"munjal-auto-industries-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/munjal-auto-industries-share-price-target-2027\/","title":{"rendered":"Munjal Auto Industries 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>Munjal Auto Industries share price Rs 101.32 (9 October 2026). Base target Rs 104, bull Rs 126, downside risk Rs 81.2. PE 18.33. 52W range Rs 67.20 to Rs 130.60.<\/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 Munjal Auto Industries share price target for 2027 is Rs 104, about 2.6% above the current price of Rs 101.32. The bull case is Rs 126, and the downside risk level, which is not a target, is Rs 81.2. The base case assumes earnings per share grow 2.2% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 18.33. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a Munjal Auto Industries target price for 2027 should start with where the stock sits today. At Rs 101.32 on 9 October 2026, it is 22.4% below its 52-week high of Rs 130.60 and 50.8% above its 52-week low of Rs 67.20. That range spans 94% from low to high, so the entry point matters as much as the Munjal Auto Industries price forecast itself.<\/p>\n<p>This article builds the Munjal Auto Industries 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 104 base case and the Rs 126 bull case were reached, along with a downside risk level of Rs 81.2.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=munjal-auto-industries-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\/munjal-auto-industries-share-price-target-2027\/#Munjal_Auto_Industries_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Munjal Auto Industries Stock Analysis: Company Overview and Key Stats\">Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#Why_Is_Munjal_Auto_Industries_Share_Price_Target_Set_at_Rs_104_for_2027\" title=\"Why Is Munjal Auto Industries Share Price Target Set at Rs 104 for 2027?\">Why Is Munjal Auto Industries Share Price Target Set at Rs 104 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\/munjal-auto-industries-share-price-target-2027\/#Earnings_Growth_Behind_the_Munjal_Auto_Industries_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Munjal Auto Industries Target Price: Five Years of Results\">Earnings Growth Behind the Munjal Auto Industries 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\/munjal-auto-industries-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\/munjal-auto-industries-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\/munjal-auto-industries-share-price-target-2027\/#Valuation_Check_for_the_Munjal_Auto_Industries_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Munjal Auto Industries Stock Target: PE, Price to Book and ROE\">Valuation Check for the Munjal Auto Industries 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\/munjal-auto-industries-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\/munjal-auto-industries-share-price-target-2027\/#Munjal_Auto_Industries_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Munjal Auto Industries Share Price Targets for the Short Term and 12 Months\">Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#Short_Term_Munjal_Auto_Industries_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Munjal Auto Industries Stock Target Levels: Technical Setup\">Short Term Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#12_Month_Munjal_Auto_Industries_Target_Price_for_2027\" title=\"12 Month Munjal Auto Industries Target Price for 2027\">12 Month Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Munjal_Auto_Industries_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Munjal Auto Industries Target Price\">How EPS Growth and PE Multiple Change the Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Munjal_Auto_Industries_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Munjal Auto Industries Stock Target in 2027\">Bull Case and Downside Risk for Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#Bull_Case_Rs_126\" title=\"Bull Case Rs 126\">Bull Case Rs 126<\/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\/munjal-auto-industries-share-price-target-2027\/#Downside_Risk_Level_Rs_812\" title=\"Downside Risk Level Rs 81.2\">Downside Risk Level Rs 81.2<\/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\/munjal-auto-industries-share-price-target-2027\/#Key_Risks_to_the_Munjal_Auto_Industries_Target_Price_for_2027\" title=\"Key Risks to the Munjal Auto Industries Target Price for 2027\">Key Risks to the Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Munjal_Auto_Industries_Price_Target\" title=\"Growth Slowdown Risk for the Munjal Auto Industries Price Target\">Growth Slowdown Risk for the Munjal Auto Industries 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\/munjal-auto-industries-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\/munjal-auto-industries-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\/munjal-auto-industries-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\/munjal-auto-industries-share-price-target-2027\/#How_to_Invest_in_Munjal_Auto_Industries\" title=\"How to Invest in Munjal Auto Industries\">How to Invest in Munjal Auto Industries<\/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\/munjal-auto-industries-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\/munjal-auto-industries-share-price-target-2027\/#FAQs_on_Munjal_Auto_Industries_Share_Price_Target_2027\" title=\"FAQs on Munjal Auto Industries Share Price Target 2027\">FAQs on Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#What_is_the_Munjal_Auto_Industries_share_price_target_for_2027\" title=\"What is the Munjal Auto Industries share price target for 2027?\">What is the Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#What_is_the_Munjal_Auto_Industries_share_price_today\" title=\"What is the Munjal Auto Industries share price today?\">What is the Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#Is_Munjal_Auto_Industries_a_buy_or_sell_at_the_current_price\" title=\"Is Munjal Auto Industries a buy or sell at the current price?\">Is Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Munjal_Auto_Industries_shares\" title=\"What are the bull case target and downside risk level for Munjal Auto Industries shares?\">What are the bull case target and downside risk level for Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#What_are_the_main_risks_to_the_Munjal_Auto_Industries_price_target\" title=\"What are the main risks to the Munjal Auto Industries price target?\">What are the main risks to the Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#What_is_the_PE_ratio_of_Munjal_Auto_Industries_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Munjal Auto Industries and how does it compare with the industry?\">What is the PE ratio of Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027\/#Who_owns_Munjal_Auto_Industries_and_what_is_the_promoter_holding\" title=\"Who owns Munjal Auto Industries, and what is the promoter holding?\">Who owns Munjal Auto Industries, 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\/munjal-auto-industries-share-price-target-2027\/#What_were_Munjal_Auto_Industries_latest_quarterly_results\" title=\"What were Munjal Auto Industries&#8217; latest quarterly results?\">What were Munjal Auto Industries&#8217; latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Munjal_Auto_Industries_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Munjal Auto Industries Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Munjal Auto Industries (NSE: MUNJALAU) has a market capitalisation of Rs 1,016 crore. In FY26 it reported revenue of Rs 2,326 crore and net profit of Rs 46.15 crore. The table collects the figures the Munjal Auto Industries 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\/munjalau\/munjal-auto-industries-ltd-share-price-today\">Munjal Auto Industries<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>MUNJALAU<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 101.32<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 130.60<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 67.20<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 1,016 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>18.33<\/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>2.27<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>7.74%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.95<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 5.54<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.98%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 104<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 126<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 81.2<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Munjal_Auto_Industries_Share_Price_Target_Set_at_Rs_104_for_2027\"><\/span><strong>Why Is Munjal Auto Industries Share Price Target Set at Rs 104 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Munjal Auto Industries stock target of Rs 104 applies a PE multiple of 18.33 to a forward EPS estimate of Rs 5.66. That EPS assumes 2.2% yearly growth, the pace from FY24 to FY26, and puts the target 2.6% 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_Munjal_Auto_Industries_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Munjal Auto Industries Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Munjal Auto Industries grew revenue from Rs 1,921 crore in FY22 to Rs 2,326 crore in FY26, a compound annual growth rate of 4.9%. Net profit grew faster, from Rs 29.61 crore to Rs 46.15 crore (11.7% 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>1,921.13<\/td>\n<td>29.61<\/td>\n<td>2.96<\/td>\n<td>1.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>1,997.03<\/td>\n<td>51.62<\/td>\n<td>5.61<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>1,917.83<\/td>\n<td>38.03<\/td>\n<td>3.85<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>2,097.59<\/td>\n<td>39.07<\/td>\n<td>3.64<\/td>\n<td>1.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>2,325.62<\/td>\n<td>46.15<\/td>\n<td>4.02<\/td>\n<td>1.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 10.9%, faster than the four-year average of 4.9%, and net profit moved up 18.1%. EPS rose from Rs 3.85 in FY24 to Rs 4.02 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>Munjal Auto Industries converted 2.0% of FY26 revenue into net profit, against 1.9% in FY25, within a five-year range of 1.5% to 2.6%. EBITDA margin was 7.2% in FY26 versus 6.5% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 719.39 crore, up 42.8% from the same quarter a year earlier, while net profit of Rs 28.50 crore was up 47.6%. EBITDA came in at Rs 64.41 crore, up 56.3% 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 0.95, and shareholders&#8217; equity grew from Rs 351.95 crore in FY22 to Rs 466.61 crore in FY26. Operating cash flow in FY26 was Rs 44.67 crore against capital expenditure of Rs 73.33 crore, leaving negative free cash flow of Rs 28.66 crore. In FY25 free cash flow was negative at Rs 40.72 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Munjal_Auto_Industries_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Munjal Auto Industries Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 18.33 against an industry PE of 37.01, Munjal Auto Industries trades at a discount to its industry. Price to book is 2.27 on a book value of Rs 44.75 per share, and return on equity is 7.74%. A PE of 18.33 equals an earnings yield of 5.5%, and the FY26 dividend of Rs 1.00 per share gives a yield of 0.98%.<\/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 74.81% of Munjal Auto Industries in June 2026, and promoter holding has stayed near 74.81% since June 2025. Foreign institutional investors (FII) held 0.07% and domestic institutions (DII) held 0.03%, which puts total institutional holding at 0.10%. FII holding has stayed near 0.07% since June 2025. Public shareholders own the remaining 25.10%. 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=\"Munjal_Auto_Industries_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Munjal Auto Industries 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_Munjal_Auto_Industries_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Munjal Auto Industries Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 101.32 on 9 October 2026, Munjal Auto Industries trades below its 50-day simple moving average of Rs 108.66 and above its 200-day exponential moving average of Rs 96.39. The 14-day RSI reads 47.1, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 108.66 (50-day simple moving average) and the nearest support is Rs 96.39 (200-day exponential moving average). A sustained move above Rs 108.66 would improve the short-term setup, while a close below Rs 96.39 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Munjal_Auto_Industries_Target_Price_for_2027\"><\/span><strong>12 Month Munjal Auto Industries Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Munjal Auto Industries is Rs 104: forward EPS of Rs 5.66 at a PE of 18.33. That is 2.6% above Rs 101.32. It would still leave the stock 20.4% below its 52-week high of Rs 130.60. The upside in the base case is thin, so the thesis here leans on the bull case and on patience.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Munjal_Auto_Industries_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Munjal Auto Industries 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 14.66<\/th>\n<th>PE 18.33<\/th>\n<th>PE 21.08<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 5.54)<\/td>\n<td>Rs 81.2<\/td>\n<td>Rs 102<\/td>\n<td>Rs 117<\/td>\n<\/tr>\n<tr>\n<td>2.2% (EPS Rs 5.66)<\/td>\n<td>Rs 83.0<\/td>\n<td>Rs 104<\/td>\n<td>Rs 119<\/td>\n<\/tr>\n<tr>\n<td>8.2% (EPS Rs 5.99)<\/td>\n<td>Rs 87.8<\/td>\n<td>Rs 110<\/td>\n<td>Rs 126<\/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 Munjal Auto Industries 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_Munjal_Auto_Industries_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Munjal Auto Industries Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_126\"><\/span><strong>Bull Case Rs 126<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Munjal Auto Industries price target needs EPS growth of 8.2%, which lifts forward EPS to Rs 5.99, and a PE multiple that rises 15% to 21.08. That gives Rs 126, 24.4% above the current price and below the 52-week high of Rs 130.60.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_812\"><\/span><strong>Downside Risk Level Rs 81.2<\/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 5.54 and the PE falls 20% to 14.66. That gives Rs 81.2, 19.9% below the current price and above the 52-week low of Rs 67.20.<\/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>8.2%<\/td>\n<td>21.08<\/td>\n<td>Rs 126<\/td>\n<td>+24.4%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>2.2%<\/td>\n<td>18.33<\/td>\n<td>Rs 104<\/td>\n<td>+2.6%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>14.66<\/td>\n<td>Rs 81.2<\/td>\n<td>-19.9%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Munjal_Auto_Industries_Target_Price_for_2027\"><\/span><strong>Key Risks to the Munjal Auto Industries 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_Munjal_Auto_Industries_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Munjal Auto Industries Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 42.8% year on year, and FY26 revenue growth was 10.9%. If growth slows from here, the EPS estimate behind the Munjal Auto Industries 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>Munjal Auto Industries has a market capitalisation of Rs 1,016 crore. Institutional holding is 0.10%, and promoters hold 74.81%. 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 2.0% in FY26, so a small slip in costs moves profit noticeably. At a PE of 18.33 versus an industry PE of 37.01, a de-rating toward the downside-risk PE of 14.66 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 22.4% below its 52-week high, with an RSI of 47.1 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_Munjal_Auto_Industries\"><\/span><strong>How to Invest in Munjal Auto Industries<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Munjal Auto Industries 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 101.32 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Munjal Auto Industries&#8217; PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Munjal Auto Industries fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Munjal Auto Industries target price scenarios with your own view. If you expect EPS growth below 2.2%, 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 Munjal Auto Industries 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 Munjal Auto Industries share price target for 2027 is Rs 104 in the base case, with Rs 126 as the bull case. The support for that view is arithmetic you can check: EPS grew 2.2% a year over FY24 to FY26, and the stock trades at a PE of 18.33. The risks are equally concrete, including institutional holding of only 0.10% and a downside scenario that cuts the price 20% 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_Munjal_Auto_Industries_Share_Price_Target_2027\"><\/span><strong>FAQs on Munjal Auto Industries Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Munjal_Auto_Industries_share_price_target_for_2027\"><\/span><strong>What is the Munjal Auto Industries share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Munjal Auto Industries share price target for 2027 is Rs 104, with Rs 126 as the bull case. The downside risk level, which is not a target, is Rs 81.2. 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_Munjal_Auto_Industries_share_price_today\"><\/span><strong>What is the Munjal Auto Industries 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, Munjal Auto Industries trades at Rs 101.32, down 0.19% on the day. The 52-week range is Rs 67.20 to Rs 130.60.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Munjal_Auto_Industries_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Munjal Auto Industries 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 2.2% a year over FY24 to FY26, but institutional holding is only 0.10%. Whether Munjal Auto Industries 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_Munjal_Auto_Industries_shares\"><\/span><strong>What are the bull case target and downside risk level for Munjal Auto Industries shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 126, which assumes 8.2% EPS growth and a PE of 21.08. The downside risk level is Rs 81.2, which assumes flat EPS and a PE of 14.66. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Munjal_Auto_Industries_price_target\"><\/span><strong>What are the main risks to the Munjal Auto Industries 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 1,016 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 0.10%, which can make price moves sharper.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Munjal_Auto_Industries_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Munjal Auto Industries 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 Munjal Auto Industries is 18.33 against an industry PE of 37.01. Price to book is 2.27 and return on equity is 7.74%. The base case in the Munjal Auto Industries price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Munjal_Auto_Industries_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Munjal Auto Industries, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 74.81% of Munjal Auto Industries in June 2026. FII held 0.07%, DII held 0.03% and the public held 25.10%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Munjal_Auto_Industries_latest_quarterly_results\"><\/span><strong>What were Munjal Auto Industries&#8217; latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Munjal Auto Industries reported revenue of Rs 719.39 crore (up 42.8% year on year) and net profit of Rs 28.50 crore (up 47.6%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Munjal Auto Industries share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Munjal Auto Industries share price target for 2027 is Rs 104, with Rs 126 as the bull case. The downside risk level, which is not a target, is Rs 81.2. 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FII held 0.07%, DII held 0.03% and the public held 25.10%.\"}},{\"@type\":\"Question\",\"name\":\"What were Munjal Auto Industries' latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Munjal Auto Industries reported revenue of Rs 719.39 crore (up 42.8% year on year) and net profit of Rs 28.50 crore (up 47.6%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Munjal Auto Industries share price target 2027: base Rs 104, bull Rs 126, downside risk level Rs 81.2, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":34,"featured_media":300048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-300049","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":["300048"],"rank_math_title":["Munjal Auto Industries Share Price Target 2027"],"rank_math_description":["The Munjal Auto Industries share price target for 2027 is Rs 104 versus Rs 101.32 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["Munjal Auto Industries 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\/munjal-auto-industries-share-price-target-2027-base-and-bull-targets-built-on.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/300049","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=300049"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/300049\/revisions"}],"predecessor-version":[{"id":300050,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/300049\/revisions\/300050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/300048"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=300049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=300049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=300049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}