MPS Limited (IN:MPSLTD)
:MPSLTD
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MPS Limited
(MPSLTD)
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Rating:79Outperform
Price Target:
₹2,044.00
▲(4.78% Upside)
Action:Reiterated
Date:05/22/26
The score is driven primarily by strong financial quality (high margins, low leverage, and solid free-cash-flow conversion) and supported by attractive valuation (moderate P/E and high dividend yield). Technicals add a modest positive tailwind, with improving short- to mid-term trend strength but the price still below the 200-day average.
Positive Factors
High Profitability
High and stable margins (net ~22.5%, EBITDA ~30.7%) and elevated ROE (~29%) reflect durable operational efficiency and pricing power in content and learning services. These margins support reinvestment, dividends and buffer cyclical revenue swings over a multi‑quarter horizon.
Negative Factors
Slowing Revenue Growth
Revenue growth decelerated to low-single-digits in 2025–26 (0.3% and 2.6%), reducing top-line momentum. For a services firm dependent on client engagements and upsells, prolonged slow growth could limit scale economies and constrain ability to expand margins and returns without new products or markets.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
High and stable margins (net ~22.5%, EBITDA ~30.7%) and elevated ROE (~29%) reflect durable operational efficiency and pricing power in content and learning services. These margins support reinvestment, dividends and buffer cyclical revenue swings over a multi‑quarter horizon.
Read all positive factors
MPS Limited (MPSLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹30.85B
Dividend Yield4.14%
Average Volume (3M)942.00
Price to Earnings (P/E)17.7
Beta (1Y)1.12
Revenue Growth5.71%
EPS Growth16.48%
CountryIN
Employees2,406
SectorServices
Sector StrengthN/A
IndustryPublishing
Share Statistics
EPS (TTM)105.21
Shares Outstanding17,105,816
10 Day Avg. Volume826
30 Day Avg. Volume942
Financial Highlights & Ratios
PEG Ratio0.90
Price to Book (P/B)4.24
Price to Sales (P/S)3.29
P/FCF Ratio13.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)111.8
Revenue Forecast (FY)₹9.20B
MPS Limited Business Overview & Revenue Model
Company Description
Based in Noida, India, MPS Limited, founded in 1892 as Macmillan India Limited and rebranded in June 2009, delivers content-related services and technology platforms globally. The company caters to a diverse clientele including publishers, educati...
How the Company Makes Money
MPS Limited primarily makes money by delivering outsourced, contract-based services and solutions to institutional and enterprise customers. Its revenue model is largely service-led and is typically earned through client engagements that can be st...
MPS Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.49B | 7.68B | 7.27B | 5.45B | 5.01B | 4.46B |
| Gross Profit | 4.73B | 2.08B | 2.57B | 5.45B | 5.01B | 4.46B |
| EBITDA | 2.47B | 2.36B | 2.23B | 1.82B | 1.67B | 1.40B |
| Net Income | 1.78B | 1.73B | 1.49B | 1.19B | 1.09B | 871.21M |
Balance Sheet | ||||||
| Total Assets | 7.04B | 9.42B | 6.95B | 7.37B | 5.52B | 4.97B |
| Cash, Cash Equivalents and Short-Term Investments | 1.21B | 1.19B | 1.06B | 1.45B | 1.85B | 1.38B |
| Total Debt | 101.00M | 606.30M | 36.90M | 45.41M | 75.80M | 119.85M |
| Total Liabilities | 2.14B | 3.46B | 2.17B | 2.77B | 1.33B | 1.30B |
| Stockholders Equity | 4.90B | 5.96B | 4.78B | 4.60B | 4.24B | 3.67B |
Cash Flow | ||||||
| Free Cash Flow | 1.01B | 1.90B | 946.70M | 1.14B | 1.08B | 1.10B |
| Operating Cash Flow | 1.05B | 1.98B | 1.01B | 1.18B | 1.13B | 1.14B |
| Investing Cash Flow | -160.10M | -1.34B | -57.70M | 251.37M | -647.40M | 153.59M |
| Financing Cash Flow | -880.70M | -509.10M | -1.40B | -933.65M | -701.00M | -1.16B |
MPS Limited Technical Analysis
Positive
1950.70
Price Trends
1750.88
Positive
1677.56
Positive
1910.03
Negative
Market Momentum
21.29
Positive
54.74
Neutral
52.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MPSLTD, the sentiment is Positive. The current price of 1950.7 is above the 20-day moving average (MA) of 1812.32, above the 50-day MA of 1750.88, and above the 200-day MA of 1910.03, indicating a neutral trend. The MACD of 21.29 indicates Positive momentum. The RSI at 54.74 is Neutral, neither overbought nor oversold. The STOCH value of 52.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MPSLTD.
MPS Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹30.85B | 17.74 | ― | 4.14% | 5.71% | 16.48% | |
79 Outperform | ₹5.26B | -29.47 | ― | 4.27% | 10.99% | -128.16% | |
74 Outperform | ₹14.36B | 7.30 | ― | 15.46% | -0.63% | 50.44% | |
69 Neutral | ₹36.73B | 11.02 | ― | 3.84% | 0.70% | -10.54% | |
69 Neutral | ₹30.57B | 8.58 | ― | 2.03% | -3.62% | -52.46% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
45 Neutral | ₹5.28B | -13.32 | ― | ― | 3.64% | -2914.37% |
* Services Sector Average
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MPS Limited Corporate Events
MPS Limited COO Sreenivas Trichy Venkatraman Resigns, Effective August 2026
May 5, 2026
MPS Limited has announced the resignation of Chief Operating Officer Sreenivas Trichy Venkatraman, a key member of its senior management team. His resignation, tendered on 5 May 2026 and effective from the close of business on 3 August 2026, has b...
MPS Limited Grants 79,009 Stock Options Under 2023 ESOP Plan
May 4, 2026
MPS Limited has approved a fifth grant of 79,009 employee stock options under its 2023 Employee Stock Options Scheme, reinforcing its strategy of using equity-based incentives for eligible staff. The options are priced at the prevailing market rat...
MPS Limited Revamps Key Board Committees to Bolster Governance
Mar 31, 2026
MPS Limited has reconstituted key board committees, appointing independent director Suhas Khullar as chairperson of the Stakeholders’ Relationship Committee, with Ruvina Singh and executive director Rahul Arora as members. The move aims to s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.