Mastek Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing a Mastek target price for 2027 should start with where the stock sits today. At Rs 1,679.90 on 9 October 2026, it is 29.1% below its 52-week high of Rs 2,369.00 and 25.9% above its 52-week low of Rs 1,334.20. That range spans 78% from low to high, so the entry point matters as much as the Mastek price forecast itself.

This article builds the Mastek share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 1,902 base case and the Rs 2,300 bull case were reached, along with a downside risk level of Rs 1,318.

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Mastek Stock Analysis: Company Overview and Key Stats

Mastek (NSE: MASTEK) has a market capitalisation of Rs 5,111 crore. In FY26 it reported revenue of Rs 3,769 crore and net profit of Rs 404 crore. The table collects the figures the Mastek share price target is built on.

Metric	Value
Company	Mastek
NSE Ticker	MASTEK
CMP (9 October 2026)	Rs 1,679.90
52-Week High	Rs 2,369.00
52-Week Low	Rs 1,334.20
Market Cap	Rs 5,111 crore
PE Ratio (TTM)	12.23
Industry PE	17.30
Price to Book	1.71
Return on Equity	13.50%
Debt to Equity	0.15
EPS (TTM)	Rs 134.76
Dividend Yield	0.97%
12-Month Base Target	Rs 1,902
Bull Case	Rs 2,300
Downside Risk Level (not a target)	Rs 1,318

Why Is Mastek Share Price Target Set at Rs 1,902 for 2027?

The base-case Mastek stock target of Rs 1,902 applies a PE multiple of 12.23 to a forward EPS estimate of Rs 155.51. That EPS assumes 15.4% yearly growth, the pace from FY24 to FY26, and puts the target 13.2% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Mastek Target Price: Five Years of Results

Mastek grew revenue from Rs 2,220 crore in FY22 to Rs 3,769 crore in FY26, a compound annual growth rate of 14.2%. Net profit grew more slowly, from Rs 333.42 crore to Rs 404 crore (4.9% a year), which points to margin pressure alongside the sales growth.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	2,219.92	333.42	103.81	19.00
FY23	2,601.68	310.27	95.53	19.00
FY24	3,070.80	310.97	97.25	19.00
FY25	3,477.51	375.93	120.65	23.00
FY26	3,769.16	404.00	129.50	24.00

FY26 revenue growth was 8.4%, slower than the four-year average of 14.2%, and net profit moved up 7.5%. EPS rose from Rs 97.25 in FY24 to Rs 129.50 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Mastek converted 10.7% of FY26 revenue into net profit, against 10.8% in FY25, within a five-year range of 10.1% to 15.0%. EBITDA margin was 16.6% in FY26 versus 16.6% in FY25.

In the June 2026 quarter, revenue was Rs 997.28 crore, up 7.8% from the same quarter a year earlier, while net profit of Rs 105.88 crore was up 15.0%. EBITDA came in at Rs 163.39 crore, up 10.5% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.15, and shareholders' equity grew from Rs 1,222 crore in FY22 to Rs 2,992 crore in FY26. Operating cash flow in FY26 was Rs 541.69 crore against capital expenditure of Rs 27.99 crore, leaving free cash flow of Rs 513.70 crore, or 10.1% of the current market capitalisation. In FY25 free cash flow was Rs 376.26 crore.

Valuation Check for the Mastek Stock Target: PE, Price to Book and ROE

At a PE of 12.23 against an industry PE of 17.30, Mastek trades at a discount to its industry. Price to book is 1.71 on a book value of Rs 964.92 per share, and return on equity is 13.50%. A PE of 12.23 equals an earnings yield of 8.2%, and the FY26 dividend of Rs 24.00 per share gives a yield of 0.97%.

Shareholding Pattern and Institutional Holding

Promoters held 35.76% of Mastek in June 2026, and promoter holding fell from 35.95% in June 2025 to 35.76% in June 2026. Foreign institutional investors (FII) held 7.45% and domestic institutions (DII) held 19.86%, which puts total institutional holding at 27.31%. FII holding fell from 11.04% in June 2025 to 7.45% in June 2026. Public shareholders own the remaining 36.93%. A meaningful institutional holding adds a layer of research coverage and trading depth.

Mastek Share Price Targets for the Short Term and 12 Months

Short Term Mastek Stock Target Levels: Technical Setup

At Rs 1,679.90 on 9 October 2026, Mastek trades below its 50-day simple moving average of Rs 1,701.59 and below its 200-day exponential moving average of Rs 1,783.83. The 14-day RSI reads 62.4, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 1,701.59 (50-day simple moving average) and the nearest support is Rs 1,334.20 (52-week low). A sustained move above Rs 1,701.59 would improve the short-term setup, while a close below Rs 1,334.20 would shift attention to the next support.

12 Month Mastek Target Price for 2027

The 12-month target for Mastek is Rs 1,902: forward EPS of Rs 155.51 at a PE of 12.23. That is 13.2% above Rs 1,679.90. It would still leave the stock 19.7% below its 52-week high of Rs 2,369.00.

How EPS Growth and PE Multiple Change the Mastek Target Price

EPS Growth	PE 9.78	PE 12.23	PE 14.06
0.0% (EPS Rs 134.76)	Rs 1,318	Rs 1,648	Rs 1,895
15.4% (EPS Rs 155.51)	Rs 1,521	Rs 1,902	Rs 2,186
21.4% (EPS Rs 163.59)	Rs 1,600	Rs 2,001	Rs 2,300

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

Bull Case and Downside Risk for Mastek Stock Target in 2027

Bull Case Rs 2,300

The bull case Mastek price target needs EPS growth of 21.4%, which lifts forward EPS to Rs 163.59, and a PE multiple that rises 15% to 14.06. That gives Rs 2,300, 36.9% above the current price and below the 52-week high of Rs 2,369.00.

Downside Risk Level Rs 1,318

The downside risk level is not a target. It assumes EPS stays flat at Rs 134.76 and the PE falls 20% to 9.78. That gives Rs 1,318, 21.5% below the current price and below the 52-week low of Rs 1,334.20.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	21.4%	14.06	Rs 2,300	+36.9%
Base Case	15.4%	12.23	Rs 1,902	+13.2%
Downside Risk	0.0%	9.78	Rs 1,318	-21.5%

Key Risks to the Mastek Target Price for 2027

Growth Slowdown Risk for the Mastek Price Target

Revenue in the June 2026 quarter was up 7.8% year on year, and FY26 revenue growth was 8.4%. If growth slows from here, the EPS estimate behind the Mastek stock target will need revising.

Liquidity and Size Risk

Mastek has a market capitalisation of Rs 5,111 crore. Institutional holding is 27.31%, and promoters hold 35.76%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 10.7% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 12.23 versus an industry PE of 17.30, a de-rating toward the downside-risk PE of 9.78 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 29.1% below its 52-week high, with an RSI of 62.4 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in Mastek

Start with the live price and volume. Any Mastek share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 1,679.90 price before acting on any level.

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

Check Mastek fundamentals on the Univest Screener

Then compare the three Mastek target price scenarios with your own view. If you expect EPS growth below 15.4%, 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 Mastek live price and get daily stock recommendations.

Conclusion

The Mastek share price target for 2027 is Rs 1,902 in the base case, with Rs 2,300 as the bull case. The support for that view is arithmetic you can check: EPS grew 15.4% a year over FY24 to FY26, and the stock trades at a PE of 12.23. The risks are equally concrete, including a stock that sits 29.1% below its 52-week high and a downside scenario that cuts the price 22% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Mastek Share Price Target 2027

What is the Mastek share price target for 2027?

Ans. The base-case Mastek share price target for 2027 is Rs 1,902, with Rs 2,300 as the bull case. The downside risk level, which is not a target, is Rs 1,318. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Mastek share price today?

Ans. As of 9 October 2026, 3:30 PM IST, Mastek trades at Rs 1,679.90, up 1.74% on the day. The 52-week range is Rs 1,334.20 to Rs 2,369.00.

Is Mastek a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 15.4% a year over FY24 to FY26, but the stock is 29.1% below its 52-week high. Whether Mastek fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Mastek shares?

Ans. The bull case target is Rs 2,300, which assumes 21.4% EPS growth and a PE of 14.06. The downside risk level is Rs 1,318, which assumes flat EPS and a PE of 9.78. It marks a risk, not a target.

What are the main risks to the Mastek price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 5,111 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.

What is the PE ratio of Mastek and how does it compare with the industry?

Ans. The PE ratio of Mastek is 12.23 against an industry PE of 17.30. Price to book is 1.71 and return on equity is 13.50%. The base case in the Mastek price target holds this PE constant.

Who owns Mastek, and what is the promoter holding?

Ans. Promoters held 35.76% of Mastek in June 2026. FII held 7.45%, DII held 19.86% and the public held 36.93%.

What were Mastek's latest quarterly results?

Ans. In the June 2026 quarter, Mastek reported revenue of Rs 997.28 crore (up 7.8% year on year) and net profit of Rs 105.88 crore (up 15.0%).