{"id":342751,"date":"2026-11-10T10:16:46","date_gmt":"2026-11-10T04:46:46","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=342751"},"modified":"2026-11-10T10:16:46","modified_gmt":"2026-11-10T04:46:46","slug":"emudhra-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/emudhra-share-price-target-2027\/","title":{"rendered":"eMudhra Share Price Target 2027: Is Rs 423 Realistic? Bull Case Points to Rs 512"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>eMudhra share price Rs 360.75 (10 November 2026). Base target Rs 423, bull Rs 512, downside risk Rs 289. PE 24.14. 52W range Rs 314.00 to Rs 681.60.<\/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 eMudhra share price target for 2027 is Rs 423, about 17.3% above the current price of Rs 360.75. The bull case is Rs 512, and the downside risk level, which is not a target, is Rs 289. The base case assumes earnings per share grow 17.1% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 24.14. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a eMudhra target price for 2027 should start with where the stock sits today. At Rs 360.75 on 10 November 2026, it is 47.1% below its 52-week high of Rs 681.60 and 14.9% above its 52-week low of Rs 314.00. That range spans 117% from low to high, so the entry point matters as much as the eMudhra price forecast itself.<\/p>\n<p>This article builds the eMudhra 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 states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=emudhra-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\/emudhra-share-price-target-2027\/#eMudhra_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"eMudhra Stock Analysis: Company Overview and Key Stats\">eMudhra 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\/emudhra-share-price-target-2027\/#Why_Is_eMudhra_Share_Price_Target_Set_at_Rs_423_for_2027\" title=\"Why Is eMudhra Share Price Target Set at Rs 423 for 2027?\">Why Is eMudhra Share Price Target Set at Rs 423 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\/emudhra-share-price-target-2027\/#Earnings_Growth_Behind_the_eMudhra_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the eMudhra Target Price: Five Years of Results\">Earnings Growth Behind the eMudhra 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\/emudhra-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\/emudhra-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\/emudhra-share-price-target-2027\/#Valuation_Check_for_the_eMudhra_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the eMudhra Stock Target: PE, Price to Book and ROE\">Valuation Check for the eMudhra 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\/emudhra-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\/emudhra-share-price-target-2027\/#eMudhra_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"eMudhra Share Price Targets for the Short Term and 12 Months\">eMudhra 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\/emudhra-share-price-target-2027\/#Short_Term_eMudhra_Stock_Target_Levels_Technical_Setup\" title=\"Short Term eMudhra Stock Target Levels: Technical Setup\">Short Term eMudhra 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\/emudhra-share-price-target-2027\/#12_Month_eMudhra_Target_Price_for_2027\" title=\"12 Month eMudhra Target Price for 2027\">12 Month eMudhra 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\/emudhra-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_eMudhra_Target_Price\" title=\"How EPS Growth and PE Multiple Change the eMudhra Target Price\">How EPS Growth and PE Multiple Change the eMudhra 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\/emudhra-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_eMudhra_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for eMudhra Stock Target in 2027\">Bull Case and Downside Risk for eMudhra 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\/emudhra-share-price-target-2027\/#Bull_Case_Rs_512\" title=\"Bull Case Rs 512\">Bull Case Rs 512<\/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\/emudhra-share-price-target-2027\/#Downside_Risk_Level_Rs_289\" title=\"Downside Risk Level Rs 289\">Downside Risk Level Rs 289<\/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\/emudhra-share-price-target-2027\/#Key_Risks_to_the_eMudhra_Target_Price_for_2027\" title=\"Key Risks to the eMudhra Target Price for 2027\">Key Risks to the eMudhra 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\/emudhra-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_eMudhra_Price_Target\" title=\"Growth Slowdown Risk for the eMudhra Price Target\">Growth Slowdown Risk for the eMudhra 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\/emudhra-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\/emudhra-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\/emudhra-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\/emudhra-share-price-target-2027\/#How_to_Invest_in_eMudhra\" title=\"How to Invest in eMudhra\">How to Invest in eMudhra<\/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\/emudhra-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\/emudhra-share-price-target-2027\/#FAQs_on_eMudhra_Share_Price_Target_2027\" title=\"FAQs on eMudhra Share Price Target 2027\">FAQs on eMudhra 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\/emudhra-share-price-target-2027\/#What_is_the_eMudhra_share_price_target_for_2027\" title=\"What is the eMudhra share price target for 2027?\">What is the eMudhra 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\/emudhra-share-price-target-2027\/#What_is_the_eMudhra_share_price_today\" title=\"What is the eMudhra share price today?\">What is the eMudhra 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\/emudhra-share-price-target-2027\/#Is_eMudhra_a_buy_or_sell_at_the_current_price\" title=\"Is eMudhra a buy or sell at the current price?\">Is eMudhra 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\/emudhra-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_eMudhra_shares\" title=\"What are the bull case target and downside risk level for eMudhra shares?\">What are the bull case target and downside risk level for eMudhra 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\/emudhra-share-price-target-2027\/#What_are_the_main_risks_to_the_eMudhra_price_target\" title=\"What are the main risks to the eMudhra price target?\">What are the main risks to the eMudhra 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\/emudhra-share-price-target-2027\/#What_is_the_PE_ratio_of_eMudhra_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of eMudhra and how does it compare with the industry?\">What is the PE ratio of eMudhra 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\/emudhra-share-price-target-2027\/#Who_owns_eMudhra_and_what_is_the_promoter_holding\" title=\"Who owns eMudhra, and what is the promoter holding?\">Who owns eMudhra, 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\/emudhra-share-price-target-2027\/#What_were_eMudhras_latest_quarterly_results\" title=\"What were eMudhra&#8217;s latest quarterly results?\">What were eMudhra&#8217;s latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"eMudhra_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>eMudhra Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>eMudhra (NSE: EMUDHRA) has a market capitalisation of Rs 2,994 crore. In FY26 it reported revenue of Rs 713.18 crore and net profit of Rs 110.05 crore. The table collects the figures the eMudhra 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\/emudhra\/emudhra-ltd-share-price-today\">eMudhra<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>EMUDHRA<\/td>\n<\/tr>\n<tr>\n<td>CMP (10 November 2026)<\/td>\n<td>Rs 360.75<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 681.60<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 314.00<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 2,994 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>24.14<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>19.36<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>3.06<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>12.53%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.02<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 14.98<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.35%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 423<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 512<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 289<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_eMudhra_Share_Price_Target_Set_at_Rs_423_for_2027\"><\/span><strong>Why Is eMudhra Share Price Target Set at Rs 423 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The arithmetic is short. Trailing EPS of Rs 14.98 grown for one year gives a forward EPS estimate of Rs 17.54, and multiplying it by the unchanged PE of 24.14 gives the Rs 423 base-case eMudhra stock target. 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_eMudhra_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the eMudhra Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>eMudhra grew revenue from Rs 183.74 crore in FY22 to Rs 713.18 crore in FY26, a compound annual growth rate of 40.4%. Net profit grew more slowly, from Rs 41.14 crore to Rs 110.05 crore (27.9% 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>183.74<\/td>\n<td>41.14<\/td>\n<td>5.86<\/td>\n<td>1.25<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>254.06<\/td>\n<td>61.20<\/td>\n<td>8.01<\/td>\n<td>1.25<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>380.04<\/td>\n<td>76.35<\/td>\n<td>9.50<\/td>\n<td>1.25<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>527.84<\/td>\n<td>87.23<\/td>\n<td>10.22<\/td>\n<td>1.25<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>713.18<\/td>\n<td>110.05<\/td>\n<td>13.02<\/td>\n<td>1.25<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 35.1%, slower than the four-year average of 40.4%, and net profit moved up 26.2%. EPS rose from Rs 9.50 in FY24 to Rs 13.02 in FY26. The FY27 outlook for the eMudhra price target 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>eMudhra converted 15.4% of FY26 revenue into net profit, against 16.5% in FY25, within a five-year range of 15.4% to 24.1%. EBITDA margin was 23.9% in FY26 versus 25.1% in FY25.<\/p>\n<p>In the September 2026 quarter, revenue was Rs 209.31 crore, up 19.6% from the same quarter a year earlier, while net profit of Rs 33.40 crore was up 26.3%. EBITDA came in at Rs 52.05 crore, up 20.1% year on year. The next quarterly result is the first test of whether the earnings assumption behind the eMudhra stock target 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 0.02, and shareholders&#8217; equity grew from Rs 154.10 crore in FY22 to Rs 912.59 crore in FY26. Operating cash flow in FY26 was Rs 132.85 crore against capital expenditure of Rs 185.37 crore, leaving negative free cash flow of Rs 52.52 crore. In FY25 free cash flow was Rs 18.42 crore, so cash generation has not been steady year to year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_eMudhra_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the eMudhra Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 24.14 against an industry PE of 19.36, eMudhra trades at a premium to its industry. Price to book is 3.06 on a book value of Rs 118.15 per share, and return on equity is 12.53%. A PE of 24.14 equals an earnings yield of 4.1%, and the FY26 dividend of Rs 1.25 per share gives a yield of 0.35%.<\/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 54.40% of eMudhra in September 2026, and promoter holding has stayed near 54.40% since September 2025. Foreign institutional investors (FII) held 3.54% and domestic institutions (DII) held 8.75%, which puts total institutional holding at 12.29%. FII holding fell from 4.15% in September 2025 to 3.54% in September 2026. Public shareholders own the remaining 33.32%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"eMudhra_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>eMudhra 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_eMudhra_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term eMudhra Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 360.75 on 10 November 2026, eMudhra trades below its 50-day simple moving average of Rs 510.46 and below its 200-day exponential moving average of Rs 515.45. The 14-day RSI reads 36.4, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 510.46 (50-day simple moving average) and the nearest support is Rs 314.00 (52-week low). A sustained move above Rs 510.46 would improve the short-term setup, while a close below Rs 314.00 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_eMudhra_Target_Price_for_2027\"><\/span><strong>12 Month eMudhra Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target of Rs 423 means a move of 17.3% up from Rs 360.75 over the next 12 months. It would still leave the stock 37.9% below its 52-week high of Rs 681.60. Anyone checking the eMudhra share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_eMudhra_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the eMudhra 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 19.31<\/th>\n<th>PE 24.14<\/th>\n<th>PE 27.76<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 14.98)<\/td>\n<td>Rs 289<\/td>\n<td>Rs 362<\/td>\n<td>Rs 416<\/td>\n<\/tr>\n<tr>\n<td>17.1% (EPS Rs 17.54)<\/td>\n<td>Rs 339<\/td>\n<td>Rs 423<\/td>\n<td>Rs 487<\/td>\n<\/tr>\n<tr>\n<td>23.1% (EPS Rs 18.44)<\/td>\n<td>Rs 356<\/td>\n<td>Rs 445<\/td>\n<td>Rs 512<\/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 eMudhra 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_eMudhra_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for eMudhra Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_512\"><\/span><strong>Bull Case Rs 512<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case eMudhra price target needs EPS growth of 23.1%, which lifts forward EPS to Rs 18.44, and a PE multiple that rises 15% to 27.76. That gives Rs 512, 41.9% above the current price and below the 52-week high of Rs 681.60.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_289\"><\/span><strong>Downside Risk Level Rs 289<\/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 14.98 and the PE falls 20% to 19.31. That gives Rs 289, 19.9% below the current price and below the 52-week low of Rs 314.00.<\/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>23.1%<\/td>\n<td>27.76<\/td>\n<td>Rs 512<\/td>\n<td>+41.9%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>17.1%<\/td>\n<td>24.14<\/td>\n<td>Rs 423<\/td>\n<td>+17.3%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>19.31<\/td>\n<td>Rs 289<\/td>\n<td>-19.9%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_eMudhra_Target_Price_for_2027\"><\/span><strong>Key Risks to the eMudhra 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_eMudhra_Price_Target\"><\/span><strong>Growth Slowdown Risk for the eMudhra Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the September 2026 quarter was up 19.6% year on year, and FY26 revenue growth was 35.1%. If growth slows from here, the EPS estimate behind the eMudhra 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>eMudhra has a market capitalisation of Rs 2,994 crore. Institutional holding is 12.29%, and promoters hold 54.40%. 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 15.4% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 24.14 versus an industry PE of 19.36, a de-rating toward the downside-risk PE of 19.31 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>Technical indicators add short-term risk: the 14-day RSI is 36.4 and the MACD sits above its signal line. A broad fall in the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> or the <a href=\"https:\/\/univest.in\/indices\/sensex\/sensex-share-price-today\">Sensex<\/a> can override company fundamentals for weeks at a time.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_eMudhra\"><\/span><strong>How to Invest in eMudhra<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any eMudhra share price target is only as current as the data behind it, and the data here is as of 10 November 2026, so refresh the Rs 360.75 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check eMudhra&#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 eMudhra fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three eMudhra target price scenarios with your own view. If you expect EPS growth below 17.1%, 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 eMudhra 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 eMudhra share price target for 2027 is Rs 423 in the base case, with Rs 512 as the bull case. The support for that view is arithmetic you can check: EPS grew 17.1% a year over FY24 to FY26, and the stock trades at a PE of 24.14. The risks are equally concrete, including a PE of 24.14 that sits above the industry PE of 19.36 and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework for judging the eMudhra price target, 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_eMudhra_Share_Price_Target_2027\"><\/span><strong>FAQs on eMudhra Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_eMudhra_share_price_target_for_2027\"><\/span><strong>What is the eMudhra share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case eMudhra share price target for 2027 is Rs 423, which is 17.3% above the price of Rs 360.75 on 10 November 2026. The bull case is Rs 512 and the downside risk level, which is not a target, is Rs 289. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_eMudhra_share_price_today\"><\/span><strong>What is the eMudhra share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 10 November 2026, 9:32 AM IST, eMudhra (NSE: EMUDHRA) trades at Rs 360.75, down 4.49% on the day. That is 47.1% below the 52-week high of Rs 681.60 and 14.9% above the 52-week low of Rs 314.00. The market capitalisation of Rs 2,994 crore places it among small-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_eMudhra_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is eMudhra a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data points both ways. On the positive side, EPS has grown 17.1% a year over FY24 to FY26 and the base case implies 17.3% upside; on the cautious side, the PE of 24.14 sits above the industry PE of 19.36, and the downside risk level of Rs 289 is 20% below the current price. Whether eMudhra fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as 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_eMudhra_shares\"><\/span><strong>What are the bull case target and downside risk level for eMudhra shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case in the eMudhra share price target for 2027 is Rs 512, which assumes 23.1% EPS growth and a PE of 27.76, a 15% re-rating from today&#8217;s multiple. That is 41.9% above the current price and below the 52-week high of Rs 681.60. The downside risk level is Rs 289, which assumes flat EPS and a PE of 19.31, 20% lower than today. It sits 19.9% below the current price and below the 52-week low of Rs 314.00, and it marks a risk to watch, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_eMudhra_price_target\"><\/span><strong>What are the main risks to the eMudhra price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Four risks matter most for the eMudhra share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 2,994 crore, the stock can move sharply on small volumes, and exits can take longer than entries. A fall to the downside-risk PE of 19.31 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_eMudhra_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of eMudhra 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 eMudhra is 24.14, against an industry PE of 19.36, which is a premium to the industry. Price to book is 3.06 and return on equity is 12.53%, and the PE equals an earnings yield of 4.1%. The base case holds the PE unchanged, so the eMudhra share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_eMudhra_and_what_is_the_promoter_holding\"><\/span><strong>Who owns eMudhra, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 54.40% of eMudhra in September 2026. FII held 3.54%, DII held 8.75% and the public held 33.32%. Together the two institutional groups hold 12.29%. Shareholding is filed every quarter, so it is worth rechecking after each result.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_eMudhras_latest_quarterly_results\"><\/span><strong>What were eMudhra&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the September 2026 quarter, eMudhra reported revenue of Rs 209.31 crore (up 19.6% year on year) and net profit of Rs 33.40 crore (up 26.3%). For comparison, FY26 full-year revenue growth was 35.1% and net profit moved up 26.2%. Each new quarter either supports or weakens the EPS growth of 17.1% assumed in the base case.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the eMudhra share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case eMudhra share price target for 2027 is Rs 423, which is 17.3% above the price of Rs 360.75 on 10 November 2026. The bull case is Rs 512 and the downside risk level, which is not a target, is Rs 289. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.\"}},{\"@type\":\"Question\",\"name\":\"What is the eMudhra share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of 10 November 2026, 9:32 AM IST, eMudhra (NSE: EMUDHRA) trades at Rs 360.75, down 4.49% on the day. That is 47.1% below the 52-week high of Rs 681.60 and 14.9% above the 52-week low of Rs 314.00. The market capitalisation of Rs 2,994 crore places it among small-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.\"}},{\"@type\":\"Question\",\"name\":\"Is eMudhra a buy or sell at the current price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The data points both ways. On the positive side, EPS has grown 17.1% a year over FY24 to FY26 and the base case implies 17.3% upside; on the cautious side, the PE of 24.14 sits above the industry PE of 19.36, and the downside risk level of Rs 289 is 20% below the current price. Whether eMudhra fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.\"}},{\"@type\":\"Question\",\"name\":\"What are the bull case target and downside risk level for eMudhra shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The bull case in the eMudhra share price target for 2027 is Rs 512, which assumes 23.1% EPS growth and a PE of 27.76, a 15% re-rating from today's multiple. That is 41.9% above the current price and below the 52-week high of Rs 681.60. The downside risk level is Rs 289, which assumes flat EPS and a PE of 19.31, 20% lower than today. It sits 19.9% below the current price and below the 52-week low of Rs 314.00, and it marks a risk to watch, not a target.\"}},{\"@type\":\"Question\",\"name\":\"What are the main risks to the eMudhra price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Four risks matter most for the eMudhra share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 2,994 crore, the stock can move sharply on small volumes, and exits can take longer than entries. A fall to the downside-risk PE of 19.31 would cut the price even if earnings hold.\"}},{\"@type\":\"Question\",\"name\":\"What is the PE ratio of eMudhra and how does it compare with the industry?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The PE ratio of eMudhra is 24.14, against an industry PE of 19.36, which is a premium to the industry. Price to book is 3.06 and return on equity is 12.53%, and the PE equals an earnings yield of 4.1%. The base case holds the PE unchanged, so the eMudhra share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.\"}},{\"@type\":\"Question\",\"name\":\"Who owns eMudhra, and what is the promoter holding?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Promoters held 54.40% of eMudhra in September 2026. FII held 3.54%, DII held 8.75% and the public held 33.32%. Together the two institutional groups hold 12.29%. Shareholding is filed every quarter, so it is worth rechecking after each result.\"}},{\"@type\":\"Question\",\"name\":\"What were eMudhra's latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the September 2026 quarter, eMudhra reported revenue of Rs 209.31 crore (up 19.6% year on year) and net profit of Rs 33.40 crore (up 26.3%). 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November 2026."],"rank_math_focus_keyword":["eMudhra 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\/11\/emudhra-share-price-target-2027-is-rs-423-realistic-bull-case-points-to-rs-512.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/342751","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\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=342751"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/342751\/revisions"}],"predecessor-version":[{"id":342752,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/342751\/revisions\/342752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/342750"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=342751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=342751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=342751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}