MPS Q1 FY27 Share Price & Earnings Call Analysis

₹2,320.90-1.30% today
Market cap
₹3,970 Cr
P/E
21.67
ROE
29.72%
PEG
1.58
Price to sales
4.93
Debt to equity
0.10
52W high / low
₹2,931 / ₹1,367
Sales growth (5Y)
12.70%
EBITDA margin
32.56%
Net profit margin
20.79%
Promoter holding
68.34%
Sales (last year)
₹806 Cr

MPS is a B2B learning and platform solutions company powering education, and research for corporates. MPS has unlocked a new growth trajectory due to the combined effect of lower attention spans, rapid growth in digital consumption, and the recent advances in AI/ML.

Guidance scorecard · Q1 FY27 call

What MPS's management guided
and where it ranks in Printing & Publication

#3of 4 in
Printing & Publication

RevenueQ1 FY27 call

10–20%
  • Corporate Learning expects continued growth with multiple enterprise engagements near $1 million and a strong pipeline of new clients, aiming for organic growth around 12%.
  • Education segment grew 42.2% YoY, driven by strong AI-enabled content and new lanes like AI-generated content quality checks, with healthy pipeline and international expansion planned.
  • Research Solutions is growing steadily, with segment revenue up 13.2% YoY, focusing on AI-based knowledge solutions and integrity checks.
  • Unbound Medicine's recurring, high-renewal subscription model adds predictable revenue streams; expected to reach Rule of 40 (growth + EBITDA margin >40%) soon.

2 more points from MPS's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what MPS said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Focus appears to be on organic growth, AI integration, and strategic acquisitions rather than heavy capital investments.
  • Strategic investments focus on AI-enabled solutions, acquisitions of assets with existing strength, and expanding recurring revenue streams (e.g., Unbound Medicine).
  • Acquisition strategy targets companies with revenue above $15 million, mainly in education, science domains where AI acts as a multiplier.
  • Financing for acquisitions expected through internal cash accruals and debt (INR 300-500 crores range); minimal reliance on equity raising.

2 more points from MPS's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what MPS said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The company has a healthy pipeline across its largest relationships, particularly in Education and Corporate Learning segments.
  • The opening quarter reflected strong business momentum with revenue and EBITDA growth suggesting ongoing and expected demand.
  • Emphasis is on expanding international knowledge organizations and growing existing accounts through cross-selling and AI platform enablement.
  • MPS focuses on outcome-based revenue models that contribute to recurring and deferred revenue streams.

2 more points from MPS's call on the order book

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Full Q1 FY27 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Printing & Publication
on management's own guidance

  1. Chetana Educa.Moderate growth
    2
  2. Dachepalli Pub.Good growth
    1
  3. This stockMPSModerate growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Printing & Publication companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Dachepalli Pub.20–40%Flat₹146 Cr8.7
2Chetana Educa.10–20%Up 2%+₹72 Cr5.2
3MPSThis stock10–20%Flat₹4,273 Cr23.3
410–20%Flat₹487 Cr6.6

Financials of MPS

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

MPS

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +68.34%68.34%68.34%68.34%68.34%68.34%68.34%68.34%68.34%68.34%68.34%68.34%
FIIs +3.71%3.70%3.45%2.69%2.02%1.98%1.82%1.47%1.63%1.47%1.38%1.49%
DIIs +0.56%0.48%0.33%0.34%0.43%0.88%0.78%0.47%1.16%1.96%2.14%2.11%
Public +26.53%26.61%27.02%27.77%28.36%27.95%28.23%28.90%28.06%27.41%27.31%27.27%
Others +0.85%0.85%0.85%0.85%0.85%0.85%0.82%0.82%0.82%0.82%0.82%0.78%
No. of Shareholders15,73715,62715,37616,09118,33326,11926,52929,85229,77825,01025,56526,333

Financials of MPS

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +133130134149181178186182186194182205224
Expenses +918989107140124126126136134125138147
Operating Profit42414543415460565060586877
OPM %32%31%33%29%23%30%32%31%27%31%32%33%34%
Other Income +351322213615-573
Interest0000000000011
Depreciation5556777776689
Profit before tax41414139364855625069466570
Tax %25%26%27%27%28%27%26%24%29%20%22%28%28%
Net Profit +30303029263541473555364750
EPS in Rs17.7117.5617.3816.7815.1420.6023.8027.5220.6032.4120.7527.5029.46

Financials of MPS

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +224257289267363332423449501545727768806
Expenses +143166195180269253316323344375516533544
Operating Profit819193879479107126157170211236263
OPM %36%35%32%33%26%24%25%28%31%31%29%31%33%
Other Income +18181523252010141112182320
Interest0000022211123
Depreciation5468111521211920272830
Profit before tax931051031021078193118147161201229250
Tax %34%32%31%31%29%26%37%26%26%26%26%24%
Net Profit +6171707076605987109119149173188
EPS in Rs33.0038.2737.8337.7140.8432.1532.4450.9363.8369.4387.05101.26110.12
Dividend Payout %67%58%0%32%61%156%0%59%31%108%95%0%

Financials of MPS

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital191919191919181717171717
Reserves237261329400453348363350407443461579
Borrowings +0000019181285461
Other Liabilities +262634336557107118119271188255
Total Liabilities282305381451537443507497551736670912
Fixed Assets +33364949103115154144173388343540
CWIP000000000130
Investments1591692062882128612628302125
Other Assets +91100127114221242340347350316303348
Total Assets282305381451537443507497551736670912

Financials of MPS

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +50494578545399115113118101197
Cash from Investing Activity +-149-2-42-71-2157-6216-6425-5-132
Cash from Financing Activity +104-49-0-0-27-175-53-116-70-93-140-52
Net Cash Flow5-2262534-1515-2150-4513
Free Cash Flow4842417651489311110911192188
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit95%95%83%125%95%93%111%118%95%94%71%103%

Financials of MPS

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days646476636969787063695963
Inventory Days
Days Payable
Cash Conversion Cycle646476636969787063695963
Working Capital Days434974716981493947-1324-4
ROCE %49%34%32%23%21%17%24%31%36%36%41%39%

Guidance history

How MPS's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedPlanned—
Q4 FY26 call →20–40%FlatPlanned—Rising
Q3 FY26 call →20–40%Up 2%+PlannedPlanned—
Q2 FY26 call →20–40%FlatPlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

34out of 100

Momentum score · price trend

34 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+5.8%66%
Last 6 months+40.0%87%
Last 3 months−13.9%35%

The price is 20.8% below its all-time high of ₹2,931.2 (7 Aug 2026). Stocks more than 20% below their peak have their score halved, so 68 became 34.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For MPS: 0.4 × 66 + 0.4 × 87 + 0.2 × 35 = 68, halved to 34 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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