M&B Engineering Share Price Target 2027: What Earnings Say About Rs 346 and Rs 415

Investors weighing a M&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&B Engineering price forecast itself.

This article builds the M&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.

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M&B Engineering Stock Analysis: Company Overview and Key Stats

M&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&B Engineering share price target is built on.

Metric	Value
Company	M&B Engineering
NSE Ticker	MBEL
CMP (12 November 2026)	Rs 288.30
52-Week High	Rs 518.90
52-Week Low	Rs 223.05
Market Cap	Rs 1,650 crore
PE Ratio (TTM)	15.88
Industry PE	20.18
Price to Book	2.34
Return on Equity	14.76%
Debt to Equity	0.16
EPS (TTM)	Rs 18.17
Dividend Yield	0.35%
12-Month Base Target	Rs 346
Bull Case	Rs 415
Downside Risk Level (not a target)	Rs 231

Why Is M&B Engineering Share Price Target Set at Rs 346 for 2027?

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&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.

Earnings Growth Behind the M&B Engineering Target Price: Five Years of Results

M&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.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	694.37	15.63	9.69	0.00
FY23	889.00	32.97	6.59	0.00
FY24	808.26	45.63	9.13	0.00
FY25	996.89	77.05	15.41	0.00
FY26	1,275.39	92.64	16.94	1.00

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&B Engineering price target depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

M&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.

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&B Engineering stock target holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.16, and shareholders' 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.

Valuation Check for the M&B Engineering Stock Target: PE, Price to Book and ROE

At a PE of 15.88 against an industry PE of 20.18, M&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%.

Shareholding Pattern and Institutional Holding

Promoters held 70.60% of M&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%.

M&B Engineering Share Price Targets for the Short Term and 12 Months

Short Term M&B Engineering Stock Target Levels: Technical Setup

At Rs 288.30 on 12 November 2026, M&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.

12 Month M&B Engineering Target Price for 2027

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&B Engineering share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.

How EPS Growth and PE Multiple Change the M&B Engineering Target Price

EPS Growth	PE 12.70	PE 15.88	PE 18.26
0.0% (EPS Rs 18.17)	Rs 231	Rs 289	Rs 332
20.0% (EPS Rs 21.80)	Rs 277	Rs 346	Rs 398
25.0% (EPS Rs 22.71)	Rs 288	Rs 361	Rs 415

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&B Engineering price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for M&B Engineering Stock Target in 2027

Bull Case Rs 415

The bull case M&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.

Downside Risk Level Rs 231

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.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	25.0%	18.26	Rs 415	+43.9%
Base Case	20.0%	15.88	Rs 346	+20.0%
Downside Risk	0.0%	12.70	Rs 231	-19.9%

Key Risks to the M&B Engineering Target Price for 2027

Growth Slowdown Risk for the M&B Engineering Price Target

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&B Engineering stock target will need revising.

Liquidity and Size Risk

M&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.

Valuation and Margin Risk

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.

Market and Technical Risk

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 Nifty 50 or the Sensex can override company fundamentals for weeks at a time. Treat every M&B Engineering share price target as a range of outcomes rather than a single point.

How to Invest in M&B Engineering

Start with the live price and volume. Any M&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.

Next, review the fundamentals yourself. The Univest Screener lets you check M&B Engineering's PE, ROE, debt and shareholding in one place.

Check M&B Engineering fundamentals on the Univest Screener

Then compare the three M&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.

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.

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.

Download the Univest iOS App or Univest Android App to track M&B Engineering live price and get daily stock recommendations.

Conclusion

The M&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&B Engineering price target, check them against the latest filings, and size any position to your own risk appetite.

FAQs on M&B Engineering Share Price Target 2027

What is the M&B Engineering share price target for 2027?

Ans. 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.

What is the M&B Engineering share price today?

Ans. 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.

Is M&B Engineering a buy or sell at the current price?

Ans. 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.

What are the bull case target and downside risk level for M&B Engineering shares?

Ans. 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. 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.

What are the main risks to the M&B Engineering price target?

Ans. Four risks matter most for the M&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.

What is the PE ratio of M&B Engineering and how does it compare with the industry?

Ans. The PE ratio of M&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&B Engineering share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.

Who owns M&B Engineering, and what is the promoter holding?

Ans. Promoters held 70.60% of M&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.

What were M&B Engineering's latest quarterly results?

Ans. In the September 2026 quarter, M&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.