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MPS Limited (MPSLTD) Fair Value & Analysis

Communication Services · IN · Market cap ₹31.8B

ML MPS Limited MPSLTD · NSE
Price₹2,815
Fair Value₹1,688
Upside-40.0%
Quality72/100
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Healthy Growth
Highly profitable · 22.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/14)
Wide moat 95/100
Evidence: High Range ₹1,271 – ₹3,527 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Share price +34.2% over the past month.

A solid business, but screening 40% overvalued on our models.

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What matters now

  • A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The model range is unusually wide (₹1,271 to ₹3,527). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

₹2,931 ₹440.90 Fair Value ₹1,688 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹440.90 – ₹2,931 · fair‑value band ₹1,271 – ₹3,527 · the ₹2,815 price screens above the ₹1,688 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

MPS Limited (MPSLTD) currently trades at ₹2,815, while our model-based Fair Value estimate is ₹1,688, implying the stock looks roughly 40.0% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, MPS Limited generated revenue of ₹7.7B at a net margin of 22.5%. Revenue grew 12.7% year over year. It earns a return on equity of 32.2%. The balance sheet holds a net cash position of ₹339M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1,271 (bear case) to ₹3,527 (bull case); at ₹2,815, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 111% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 9% fair-value upside, at -40%, MPSLTD screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹1,810 ₹3,554 ₹6,413 80
Residual Income ₹681.75 ₹873.45 ₹4,744 76
Rev-Margin DCF ₹1,453 ₹2,514 ₹4,739 74
All 26 models by family
DCF Models
FCF DCF ₹1,921 ₹3,002 ₹6,441 38
Owner Earnings ₹1,826 ₹4,107 ₹8,895 31
5Y Revenue Exit ₹1,323 ₹2,202 ₹4,035 39
5Y EBITDA Exit ₹1,499 ₹2,556 ₹4,628 41
5Y P/E Exit ₹1,826 ₹4,013 ₹6,989 38
10Y Revenue Exit ₹1,477 ₹3,056 ₹4,016 36
10Y EBITDA Exit ₹1,648 ₹3,434 ₹6,485 37
10Y P/E Exit ₹1,887 ₹4,139 ₹7,832 35
Earnings-Based
Graham-Dodd ₹694.27 ₹4,842 ₹6,795 54
Lynch FV ₹2,501 ₹3,573 ₹4,645 50
PEG = 1.0 ₹2,501 ₹3,573 ₹4,645 46
EPV ₹891.49 ₹1,034 ₹1,158 59
Dividend Discount
Gordon GGM ₹469.16 ₹975.48 ₹1,547 70
DDM Multi-Stage ₹469.16 ₹822.55 ₹1,024 61
Multiples
P/E Multiple ₹1,685 ₹2,246 ₹2,808 63
P/S Multiple ₹1,189 ₹1,585 ₹1,981 58
P/B Multiple ₹922.65 ₹1,230 ₹1,538 55
EV/EBIT ₹1,510 ₹2,001 ₹2,491 53
EV/EBITDA ₹1,289 ₹1,706 ₹2,123 54
EV/Revenue ₹989.26 ₹1,397 ₹1,804 43
Asset-Based
NCAV (Graham) ₹175.74 ₹235.50 ₹351.49 50
Growth DCF
Growth DCF ₹1,810 ₹3,554 ₹6,413 80
Rev-Margin DCF ₹1,453 ₹2,514 ₹4,739 74
Economic Profit
Residual Income ₹681.75 ₹873.45 ₹4,744 76
ROIC Compounder ₹1,197 ₹1,893 ₹2,610 72
Growth Earnings
Growth-Adj P/E ₹3,320 ₹4,744 ₹6,167 68

Widest divergence: Growth Earnings (₹4,744) versus Asset-Based (₹235.50). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹7.7B
Revenue growth (YoY) +12.7%
Net margin 22.5%
Return on equity 32.2%
Free cash flow ₹1.9B FY2026
P/E ratio 27.6
More key figures
Operating margin 28.8%
EPS (TTM) ₹102.03
EPS growth (YoY) -0.1%
Net cash ₹339M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 70 · Market factors (momentum, volatility) 74

Profitability 77
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 75
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

MPS Limited provides platforms and services for content creation, full-service production, and distribution to the publishers, learning companies, corporate institutions, libraries, and content aggregators in India, Europe, the United States, and internationally.

Full company description

MPS Limited provides platforms and services for content creation, full-service production, and distribution to the publishers, learning companies, corporate institutions, libraries, and content aggregators in India, Europe, the United States, and internationally. It operates through three segments: Content Solutions, Platform Solutions, and eLearning Solutions. The company offers content authoring and development solutions from PreK"12 through higher education and professional development; publishing solutions, including editorial services, proofreading, indexing, project management, journal and book project management, creative studios, rights and permissions, interactive media, composition, and digital production; digital transformation and accessibility solutions; and marketing and customer support solutions. It also provides Digicore, a cloud-based digital publishing platform; MPSTrak, a cloud-based workflow and content management platform for books, journals, reference works, and media; mag+, which publishes content to mobile app; THINK365, an order management fulfillment and BI platform; ScholarStor, a content hosting and delivery platform; SCHOLARLYStats, a cloud-based platform to empower librarians and institutions; and MPSInsight, a cloud-based usage analytics platform that empowers publishers. In addition, the company offers eLearning solutions, including custom e-learning, micro and mobile learning, augmented and virtual reality; experiential learning design and consulting services; and platform solutions, as well as operates experience centers and learning platforms. The company was formerly known as Macmillan India Limited and changed its name to MPS Limited in June 2009. MPS Limited was founded in 1892 and is based in Noida, India. MPS Limited is a subsidiary of ADI BPO Services Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

MPS Limited reported revenue of ₹7.7B in FY2026 versus ₹4.5B in FY2022, a compound +14.5%/yr. Reported net income was ₹1.7B in FY2026, compounding +18.7%/yr from FY2022.

Growth Quality 97/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹7.7B
Latest YoY
+5.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.7%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.0%
Revenue +14.5%/yr
FY22 ₹4.5B
FY23 ₹5.0B
FY24 ₹5.5B
FY25 ₹7.3B
FY26 ₹7.7B
Net income +18.7%/yr
FY22 ₹871M
FY23 ₹1.1B
FY24 ₹1.2B
FY25 ₹1.5B
FY26 ₹1.7B
Character of growth · EPS growth decomposed (2015-2026) +9.8 % p.a.
Revenue per share +12.2 pp

of which total revenue +11.4 pp · buybacks/dilution +0.8 pp

EBIT margin −3.4 pp
Tax rate +1.1 pp
Residual (interest, one-offs) −0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

MPSLTD screens 40% overvalued. Compare with The New York Times Company →

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Cite: Fair Value Calculator (2026). "MPS Limited Fair Value". https://www.fairvalue-calculator.com/stock/MPSLTD

Peer Group

Publishing · 112 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 72 · Top 25%
Fair Value upside −40% · Below median
Return on equity (TTM) 32% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth 13% · Top 25%
Dividend yield (TTM) 2.7% · Below median
Debt / equity 0.05× · Higher than median

Valuation Multiples vs Publishing median · lower = cheaper

P/E (TTM) 27.6× · Pricier than median
P/B 5.33× · Pricier than 75% of peers
P/S (TTM) 4.14× · Pricier than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 13.2× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 38
FUTURE 64 · sector 0
PAST 100 · sector 20
HEALTH 98 · sector 100
DIVIDEND 55 · sector 57

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is MPS Limited (MPSLTD) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,688 versus a price of ₹2,815, about −40% (overvalued).
What is the fair value of MPSLTD?
Our model-based fair value for MPS Limited is ₹1,688 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹2,815.
What is the quality score of MPSLTD?
MPS Limited has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of MPS Limited (MPSLTD)?
MPS Limited reported trailing-twelve-month revenue of about ₹7.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MPSLTD?
The net profit margin of MPS Limited is about 22.5%, meaning it keeps roughly 22.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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