{"id":344307,"date":"2026-11-12T10:03:11","date_gmt":"2026-11-12T04:33:11","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=344307"},"modified":"2026-11-12T10:03:11","modified_gmt":"2026-11-12T04:33:11","slug":"m-and-b-engineering-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/m-and-b-engineering-share-price-target-2027\/","title":{"rendered":"M&#038;B Engineering Share Price Target 2027: What Earnings Say About Rs 346 and Rs 415"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>M&amp;B Engineering share price Rs 288.30 (12 November 2026). Base target Rs 346, bull Rs 415, downside risk Rs 231. PE 15.88. 52W range Rs 223.05 to Rs 518.90.<\/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 M&amp;B Engineering share price target for 2027 is Rs 346, about 20.0% above the current price of Rs 288.30. The bull case is Rs 415, and the downside risk level, which is not a target, is Rs 231. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 36.2%, with the stock holding its PE of 15.88. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a M&amp;B Engineering target price for 2027 should start with where the stock sits today. At Rs 288.30 on 12 November 2026, it is 44.4% below its 52-week high of Rs 518.90 and 29.3% above its 52-week low of Rs 223.05. That range spans 133% from low to high, so the entry point matters as much as the M&amp;B Engineering price forecast itself.<\/p>\n<p>This article builds the M&amp;B Engineering 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=m-and-b-engineering-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\/m-and-b-engineering-share-price-target-2027\/#M_B_Engineering_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"M&amp;B Engineering Stock Analysis: Company Overview and Key Stats\">M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#Why_Is_M_B_Engineering_Share_Price_Target_Set_at_Rs_346_for_2027\" title=\"Why Is M&amp;B Engineering Share Price Target Set at Rs 346 for 2027?\">Why Is M&amp;B Engineering Share Price Target Set at Rs 346 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\/m-and-b-engineering-share-price-target-2027\/#Earnings_Growth_Behind_the_M_B_Engineering_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the M&amp;B Engineering Target Price: Five Years of Results\">Earnings Growth Behind the M&amp;B Engineering 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\/m-and-b-engineering-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\/m-and-b-engineering-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\/m-and-b-engineering-share-price-target-2027\/#Valuation_Check_for_the_M_B_Engineering_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the M&amp;B Engineering Stock Target: PE, Price to Book and ROE\">Valuation Check for the M&amp;B Engineering 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\/m-and-b-engineering-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\/m-and-b-engineering-share-price-target-2027\/#M_B_Engineering_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"M&amp;B Engineering Share Price Targets for the Short Term and 12 Months\">M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#Short_Term_M_B_Engineering_Stock_Target_Levels_Technical_Setup\" title=\"Short Term M&amp;B Engineering Stock Target Levels: Technical Setup\">Short Term M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#12_Month_M_B_Engineering_Target_Price_for_2027\" title=\"12 Month M&amp;B Engineering Target Price for 2027\">12 Month M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_M_B_Engineering_Target_Price\" title=\"How EPS Growth and PE Multiple Change the M&amp;B Engineering Target Price\">How EPS Growth and PE Multiple Change the M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_M_B_Engineering_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for M&amp;B Engineering Stock Target in 2027\">Bull Case and Downside Risk for M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#Bull_Case_Rs_415\" title=\"Bull Case Rs 415\">Bull Case Rs 415<\/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\/m-and-b-engineering-share-price-target-2027\/#Downside_Risk_Level_Rs_231\" title=\"Downside Risk Level Rs 231\">Downside Risk Level Rs 231<\/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\/m-and-b-engineering-share-price-target-2027\/#Key_Risks_to_the_M_B_Engineering_Target_Price_for_2027\" title=\"Key Risks to the M&amp;B Engineering Target Price for 2027\">Key Risks to the M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_M_B_Engineering_Price_Target\" title=\"Growth Slowdown Risk for the M&amp;B Engineering Price Target\">Growth Slowdown Risk for the M&amp;B Engineering 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\/m-and-b-engineering-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\/m-and-b-engineering-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\/m-and-b-engineering-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\/m-and-b-engineering-share-price-target-2027\/#How_to_Invest_in_M_B_Engineering\" title=\"How to Invest in M&amp;B Engineering\">How to Invest in M&amp;B Engineering<\/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\/m-and-b-engineering-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\/m-and-b-engineering-share-price-target-2027\/#FAQs_on_M_B_Engineering_Share_Price_Target_2027\" title=\"FAQs on M&amp;B Engineering Share Price Target 2027\">FAQs on M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#What_is_the_M_B_Engineering_share_price_target_for_2027\" title=\"What is the M&amp;B Engineering share price target for 2027?\">What is the M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#What_is_the_M_B_Engineering_share_price_today\" title=\"What is the M&amp;B Engineering share price today?\">What is the M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#Is_M_B_Engineering_a_buy_or_sell_at_the_current_price\" title=\"Is M&amp;B Engineering a buy or sell at the current price?\">Is M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_M_B_Engineering_shares\" title=\"What are the bull case target and downside risk level for M&amp;B Engineering shares?\">What are the bull case target and downside risk level for M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#What_are_the_main_risks_to_the_M_B_Engineering_price_target\" title=\"What are the main risks to the M&amp;B Engineering price target?\">What are the main risks to the M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#What_is_the_PE_ratio_of_M_B_Engineering_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of M&amp;B Engineering and how does it compare with the industry?\">What is the PE ratio of M&amp;B Engineering 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\/m-and-b-engineering-share-price-target-2027\/#Who_owns_M_B_Engineering_and_what_is_the_promoter_holding\" title=\"Who owns M&amp;B Engineering, and what is the promoter holding?\">Who owns M&amp;B Engineering, 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\/m-and-b-engineering-share-price-target-2027\/#What_were_M_B_Engineerings_latest_quarterly_results\" title=\"What were M&amp;B Engineering&#8217;s latest quarterly results?\">What were M&amp;B Engineering&#8217;s latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"M_B_Engineering_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>M&amp;B Engineering Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>M&amp;B Engineering (NSE: MBEL) has a market capitalisation of Rs 1,650 crore. In FY26 it reported revenue of Rs 1,275 crore and net profit of Rs 92.64 crore. The table collects the figures the M&amp;B Engineering 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\/mbel\/m-and-b-engineering-ltd-share-price-today\">M&amp;B Engineering<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>MBEL<\/td>\n<\/tr>\n<tr>\n<td>CMP (12 November 2026)<\/td>\n<td>Rs 288.30<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 518.90<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 223.05<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 1,650 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>15.88<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>20.18<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>2.34<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>14.76%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.16<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 18.17<\/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 346<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 415<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 231<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_M_B_Engineering_Share_Price_Target_Set_at_Rs_346_for_2027\"><\/span><strong>Why Is M&amp;B Engineering Share Price Target Set at Rs 346 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The arithmetic is short. Trailing EPS of Rs 18.17 grown for one year gives a forward EPS estimate of Rs 21.80, and multiplying it by the unchanged PE of 15.88 gives the Rs 346 base-case M&amp;B Engineering 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_M_B_Engineering_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the M&amp;B Engineering Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>M&amp;B Engineering grew revenue from Rs 694.37 crore in FY22 to Rs 1,275 crore in FY26, a compound annual growth rate of 16.4%. Net profit grew faster, from Rs 15.63 crore to Rs 92.64 crore (56.0% 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>694.37<\/td>\n<td>15.63<\/td>\n<td>9.69<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>889.00<\/td>\n<td>32.97<\/td>\n<td>6.59<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>808.26<\/td>\n<td>45.63<\/td>\n<td>9.13<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>996.89<\/td>\n<td>77.05<\/td>\n<td>15.41<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>1,275.39<\/td>\n<td>92.64<\/td>\n<td>16.94<\/td>\n<td>1.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 27.9%, faster than the four-year average of 16.4%, and net profit moved up 20.2%. EPS rose from Rs 9.13 in FY24 to Rs 16.94 in FY26. The FY27 outlook for the M&amp;B Engineering 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>M&amp;B Engineering converted 7.3% of FY26 revenue into net profit, against 7.7% in FY25, within a five-year range of 2.3% to 7.7%. EBITDA margin was 12.2% in FY26 versus 13.5% in FY25.<\/p>\n<p>In the September 2026 quarter, revenue was Rs 387.18 crore, up 25.2% from the same quarter a year earlier, while net profit of Rs 29.49 crore was up 32.8%. EBITDA came in at Rs 43.29 crore, up 17.6% year on year. The next quarterly result is the first test of whether the earnings assumption behind the M&amp;B Engineering 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 0.16, and shareholders&#8217; equity grew from Rs 144.81 crore in FY22 to Rs 657.10 crore in FY26. Operating cash flow in FY26 was negative at Rs 30.88 crore against capital expenditure of Rs 33.45 crore, leaving negative free cash flow of Rs 64.33 crore. In FY25 free cash flow was negative at Rs 6.73 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_M_B_Engineering_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the M&amp;B Engineering Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 15.88 against an industry PE of 20.18, M&amp;B Engineering trades at a discount to its industry. Price to book is 2.34 on a book value of Rs 123.14 per share, and return on equity is 14.76%. A PE of 15.88 equals an earnings yield of 6.3%, and the FY26 dividend of Rs 1.00 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 70.60% of M&amp;B Engineering in September 2026, and promoter holding has stayed near 70.60% since September 2025. Foreign institutional investors (FII) held 0.17% and domestic institutions (DII) held 8.95%, which puts total institutional holding at 9.12%. FII holding fell from 4.74% in September 2025 to 0.17% in September 2026. Public shareholders own the remaining 20.29%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"M_B_Engineering_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>M&amp;B Engineering 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_M_B_Engineering_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term M&amp;B Engineering Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 288.30 on 12 November 2026, M&amp;B Engineering trades above its 50-day simple moving average of Rs 265.67 and below its 200-day exponential moving average of Rs 300.71. The 14-day RSI reads 67.9, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 300.71 (200-day exponential moving average) and the nearest support is Rs 265.67 (50-day simple moving average). A sustained move above Rs 300.71 would improve the short-term setup, while a close below Rs 265.67 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_M_B_Engineering_Target_Price_for_2027\"><\/span><strong>12 Month M&amp;B Engineering Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target of Rs 346 means a move of 20.0% up from Rs 288.30 over the next 12 months. It would still leave the stock 33.3% below its 52-week high of Rs 518.90. Anyone checking the M&amp;B Engineering 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_M_B_Engineering_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the M&amp;B Engineering 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 12.70<\/th>\n<th>PE 15.88<\/th>\n<th>PE 18.26<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 18.17)<\/td>\n<td>Rs 231<\/td>\n<td>Rs 289<\/td>\n<td>Rs 332<\/td>\n<\/tr>\n<tr>\n<td>20.0% (EPS Rs 21.80)<\/td>\n<td>Rs 277<\/td>\n<td>Rs 346<\/td>\n<td>Rs 398<\/td>\n<\/tr>\n<tr>\n<td>25.0% (EPS Rs 22.71)<\/td>\n<td>Rs 288<\/td>\n<td>Rs 361<\/td>\n<td>Rs 415<\/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 M&amp;B Engineering 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_M_B_Engineering_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for M&amp;B Engineering Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_415\"><\/span><strong>Bull Case Rs 415<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case M&amp;B Engineering price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 22.71, and a PE multiple that rises 15% to 18.26. That gives Rs 415, 43.9% above the current price and below the 52-week high of Rs 518.90.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_231\"><\/span><strong>Downside Risk Level Rs 231<\/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 18.17 and the PE falls 20% to 12.70. That gives Rs 231, 19.9% below the current price and above the 52-week low of Rs 223.05.<\/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>18.26<\/td>\n<td>Rs 415<\/td>\n<td>+43.9%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>20.0%<\/td>\n<td>15.88<\/td>\n<td>Rs 346<\/td>\n<td>+20.0%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>12.70<\/td>\n<td>Rs 231<\/td>\n<td>-19.9%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_M_B_Engineering_Target_Price_for_2027\"><\/span><strong>Key Risks to the M&amp;B Engineering 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_M_B_Engineering_Price_Target\"><\/span><strong>Growth Slowdown Risk for the M&amp;B Engineering Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the September 2026 quarter was up 25.2% year on year, and FY26 revenue growth was 27.9%. If growth slows from here, the EPS estimate behind the M&amp;B Engineering 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>M&amp;B Engineering has a market capitalisation of Rs 1,650 crore. Institutional holding is 9.12%, and promoters hold 70.60%. 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 7.3% in FY26, so a small slip in costs moves profit noticeably. At a PE of 15.88 versus an industry PE of 20.18, a de-rating toward the downside-risk PE of 12.70 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 67.9 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. Treat every M&amp;B Engineering share price target as a range of outcomes rather than a single point.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_M_B_Engineering\"><\/span><strong>How to Invest in M&amp;B Engineering<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any M&amp;B Engineering share price target is only as current as the data behind it, and the data here is as of 12 November 2026, so refresh the Rs 288.30 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check M&amp;B Engineering&#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 M&amp;B Engineering fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three M&amp;B Engineering 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 M&amp;B Engineering 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 M&amp;B Engineering share price target for 2027 is Rs 346 in the base case, with Rs 415 as the bull case. The support for that view is arithmetic you can check: EPS grew 36.2% a year over FY24 to FY26, and the stock trades at a PE of 15.88. The risks are equally concrete, including a net margin of just 7.3% that leaves profit sensitive to costs and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework for judging the M&amp;B Engineering 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_M_B_Engineering_Share_Price_Target_2027\"><\/span><strong>FAQs on M&amp;B Engineering Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_M_B_Engineering_share_price_target_for_2027\"><\/span><strong>What is the M&amp;B Engineering share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case M&amp;B Engineering share price target for 2027 is Rs 346, which is 20.0% above the price of Rs 288.30 on 12 November 2026. The bull case is Rs 415 and the downside risk level, which is not a target, is Rs 231. 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_M_B_Engineering_share_price_today\"><\/span><strong>What is the M&amp;B Engineering share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 12 November 2026, 9:28 AM IST, M&amp;B Engineering (NSE: MBEL) trades at Rs 288.30, down 0.45% on the day. That is 44.4% below the 52-week high of Rs 518.90 and 29.3% above the 52-week low of Rs 223.05. The market capitalisation of Rs 1,650 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_M_B_Engineering_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is M&amp;B Engineering 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 36.2% a year over FY24 to FY26 and the base case implies 20.0% upside; on the cautious side, the net margin is a thin 7.3%, and the downside risk level of Rs 231 is 20% below the current price. Whether M&amp;B Engineering 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_M_B_Engineering_shares\"><\/span><strong>What are the bull case target and downside risk level for M&amp;B Engineering shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case in the M&amp;B Engineering share price target for 2027 is Rs 415, which assumes 25.0% EPS growth and a PE of 18.26, a 15% re-rating from today&#8217;s multiple. That is 43.9% above the current price and below the 52-week high of Rs 518.90. The downside risk level is Rs 231, which assumes flat EPS and a PE of 12.70, 20% lower than today. It sits 19.9% below the current price and above the 52-week low of Rs 223.05, 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_M_B_Engineering_price_target\"><\/span><strong>What are the main risks to the M&amp;B Engineering price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Four risks matter most for the M&amp;B Engineering 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 1,650 crore, the stock can move sharply on small volumes, and exits can take longer than entries. A fall to the downside-risk PE of 12.70 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_M_B_Engineering_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of M&amp;B Engineering 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 M&amp;B Engineering is 15.88, against an industry PE of 20.18, which is a discount to the industry. Price to book is 2.34 and return on equity is 14.76%, and the PE equals an earnings yield of 6.3%. The base case holds the PE unchanged, so the M&amp;B Engineering 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_M_B_Engineering_and_what_is_the_promoter_holding\"><\/span><strong>Who owns M&amp;B Engineering, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 70.60% of M&amp;B Engineering in September 2026. FII held 0.17%, DII held 8.95% and the public held 20.29%. Together the two institutional groups hold 9.12%. Shareholding is filed every quarter, so it is worth rechecking after each result.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_M_B_Engineerings_latest_quarterly_results\"><\/span><strong>What were M&amp;B Engineering&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the September 2026 quarter, M&amp;B Engineering reported revenue of Rs 387.18 crore (up 25.2% year on year) and net profit of Rs 29.49 crore (up 32.8%). For comparison, FY26 full-year revenue growth was 27.9% and net profit moved up 20.2%. Each new quarter either supports or weakens the EPS growth of 20.0% 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 M&B Engineering share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case M&B Engineering share price target for 2027 is Rs 346, which is 20.0% above the price of Rs 288.30 on 12 November 2026. The bull case is Rs 415 and the downside risk level, which is not a target, is Rs 231. 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 M&B Engineering share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of 12 November 2026, 9:28 AM IST, M&B Engineering (NSE: MBEL) trades at Rs 288.30, down 0.45% on the day. That is 44.4% below the 52-week high of Rs 518.90 and 29.3% above the 52-week low of Rs 223.05. The market capitalisation of Rs 1,650 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 M&B Engineering a buy or sell at the current price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The data points both ways. On the positive side, EPS has grown 36.2% a year over FY24 to FY26 and the base case implies 20.0% upside; on the cautious side, the net margin is a thin 7.3%, and the downside risk level of Rs 231 is 20% below the current price. Whether M&B Engineering 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 M&B Engineering shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The bull case in the M&B Engineering share price target for 2027 is Rs 415, which assumes 25.0% EPS growth and a PE of 18.26, a 15% re-rating from today's multiple. That is 43.9% above the current price and below the 52-week high of Rs 518.90. The downside risk level is Rs 231, which assumes flat EPS and a PE of 12.70, 20% lower than today. 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For comparison, FY26 full-year revenue growth was 27.9% and net profit moved up 20.2%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;B Engineering share price target 2027: base Rs 346, bull Rs 415, downside risk level Rs 231, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":35,"featured_media":344306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-344307","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":["344306"],"rank_math_title":["M&amp;B Engineering Share Price Target 2027: 20.0% Upside and Risks"],"rank_math_description":["The M&amp;B Engineering share price target for 2027 is Rs 346 against a price of Rs 288.30. Bull case, downside risk, earnings trend and risks explained. November 2026."],"rank_math_focus_keyword":["M&B Engineering 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\/m-and-b-engineering-share-price-target-2027-what-earnings-say-about-rs-346-and.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344307","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\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=344307"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344307\/revisions"}],"predecessor-version":[{"id":344308,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344307\/revisions\/344308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/344306"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=344307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=344307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=344307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}