MPS Q1 FY27 Share Price & Earnings Call Analysis
- 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
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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MarginsQ1 FY27 call
FlatSee what MPS said on margins — free account, 30 seconds.
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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FundraisingQ1 FY27 call
PlannedSee what MPS said on fundraising — free account, 30 seconds.
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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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
- Chetana Educa.Moderate growth2
- Dachepalli Pub.Good growth1
- 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
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Dachepalli Pub. | 20–40% | Flat | ₹146 Cr | 8.7 |
| 2 | Chetana Educa. | 10–20% | Up 2%+ | ₹72 Cr | 5.2 |
| 3 | MPSThis stock | 10–20% | Flat | ₹4,273 Cr | 23.3 |
| 4 | 10–20% | Flat | ₹487 Cr | 6.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Printing & Publication rankingFinancials 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 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 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 Shareholders | 15,737 | 15,627 | 15,376 | 16,091 | 18,333 | 26,119 | 26,529 | 29,852 | 29,778 | 25,010 | 25,565 | 26,333 |
Financials of MPS
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 133 | 130 | 134 | 149 | 181 | 178 | 186 | 182 | 186 | 194 | 182 | 205 | 224 |
| Expenses + | 91 | 89 | 89 | 107 | 140 | 124 | 126 | 126 | 136 | 134 | 125 | 138 | 147 |
| Operating Profit | 42 | 41 | 45 | 43 | 41 | 54 | 60 | 56 | 50 | 60 | 58 | 68 | 77 |
| OPM % | 32% | 31% | 33% | 29% | 23% | 30% | 32% | 31% | 27% | 31% | 32% | 33% | 34% |
| Other Income + | 3 | 5 | 1 | 3 | 2 | 2 | 2 | 13 | 6 | 15 | -5 | 7 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 5 | 5 | 5 | 6 | 7 | 7 | 7 | 7 | 7 | 6 | 6 | 8 | 9 |
| Profit before tax | 41 | 41 | 41 | 39 | 36 | 48 | 55 | 62 | 50 | 69 | 46 | 65 | 70 |
| Tax % | 25% | 26% | 27% | 27% | 28% | 27% | 26% | 24% | 29% | 20% | 22% | 28% | 28% |
| Net Profit + | 30 | 30 | 30 | 29 | 26 | 35 | 41 | 47 | 35 | 55 | 36 | 47 | 50 |
| EPS in Rs | 17.71 | 17.56 | 17.38 | 16.78 | 15.14 | 20.60 | 23.80 | 27.52 | 20.60 | 32.41 | 20.75 | 27.50 | 29.46 |
Financials of MPS
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 224 | 257 | 289 | 267 | 363 | 332 | 423 | 449 | 501 | 545 | 727 | 768 | 806 |
| Expenses + | 143 | 166 | 195 | 180 | 269 | 253 | 316 | 323 | 344 | 375 | 516 | 533 | 544 |
| Operating Profit | 81 | 91 | 93 | 87 | 94 | 79 | 107 | 126 | 157 | 170 | 211 | 236 | 263 |
| OPM % | 36% | 35% | 32% | 33% | 26% | 24% | 25% | 28% | 31% | 31% | 29% | 31% | 33% |
| Other Income + | 18 | 18 | 15 | 23 | 25 | 20 | 10 | 14 | 11 | 12 | 18 | 23 | 20 |
| Interest | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 |
| Depreciation | 5 | 4 | 6 | 8 | 11 | 15 | 21 | 21 | 19 | 20 | 27 | 28 | 30 |
| Profit before tax | 93 | 105 | 103 | 102 | 107 | 81 | 93 | 118 | 147 | 161 | 201 | 229 | 250 |
| Tax % | 34% | 32% | 31% | 31% | 29% | 26% | 37% | 26% | 26% | 26% | 26% | 24% | |
| Net Profit + | 61 | 71 | 70 | 70 | 76 | 60 | 59 | 87 | 109 | 119 | 149 | 173 | 188 |
| EPS in Rs | 33.00 | 38.27 | 37.83 | 37.71 | 40.84 | 32.15 | 32.44 | 50.93 | 63.83 | 69.43 | 87.05 | 101.26 | 110.12 |
| 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 18 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 237 | 261 | 329 | 400 | 453 | 348 | 363 | 350 | 407 | 443 | 461 | 579 |
| Borrowings + | 0 | 0 | 0 | 0 | 0 | 19 | 18 | 12 | 8 | 5 | 4 | 61 |
| Other Liabilities + | 26 | 26 | 34 | 33 | 65 | 57 | 107 | 118 | 119 | 271 | 188 | 255 |
| Total Liabilities | 282 | 305 | 381 | 451 | 537 | 443 | 507 | 497 | 551 | 736 | 670 | 912 |
| Fixed Assets + | 33 | 36 | 49 | 49 | 103 | 115 | 154 | 144 | 173 | 388 | 343 | 540 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 0 |
| Investments | 159 | 169 | 206 | 288 | 212 | 86 | 12 | 6 | 28 | 30 | 21 | 25 |
| Other Assets + | 91 | 100 | 127 | 114 | 221 | 242 | 340 | 347 | 350 | 316 | 303 | 348 |
| Total Assets | 282 | 305 | 381 | 451 | 537 | 443 | 507 | 497 | 551 | 736 | 670 | 912 |
Financials of MPS
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 50 | 49 | 45 | 78 | 54 | 53 | 99 | 115 | 113 | 118 | 101 | 197 |
| Cash from Investing Activity + | -149 | -2 | -42 | -71 | -2 | 157 | -62 | 16 | -64 | 25 | -5 | -132 |
| Cash from Financing Activity + | 104 | -49 | -0 | -0 | -27 | -175 | -53 | -116 | -70 | -93 | -140 | -52 |
| Net Cash Flow | 5 | -2 | 2 | 6 | 25 | 34 | -15 | 15 | -21 | 50 | -45 | 13 |
| Free Cash Flow | 48 | 42 | 41 | 76 | 51 | 48 | 93 | 111 | 109 | 111 | 92 | 188 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 95% | 95% | 83% | 125% | 95% | 93% | 111% | 118% | 95% | 94% | 71% | 103% |
Financials of MPS
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 64 | 76 | 63 | 69 | 69 | 78 | 70 | 63 | 69 | 59 | 63 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 64 | 64 | 76 | 63 | 69 | 69 | 78 | 70 | 63 | 69 | 59 | 63 |
| Working Capital Days | 43 | 49 | 74 | 71 | 69 | 81 | 49 | 39 | 47 | -13 | 24 | -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
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | Planned | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 20–40% | Up 2%+ | Planned | Planned | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
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.
| Period | Share price change | Better 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.
Continue your research
What MPS's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q3 FY24 earnings call →
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