MSTC Share Price Target 2027–2030: EPS-Based Forecast After Q2 FY27

Price as of 13 Nov 2026 close: ₹783.35 (NSE: MSTCLTD, BSE: 542597). Results are consolidated Q2 FY27 figures (quarter to 30 Sep 2026) as reported by Univest, Trade Brains and MarketsMojo. Price and trailing figures from StockAnalysis.

MSTC, a government-owned company that runs e-auction platforms for coal, minerals, scrap and spectrum, hit a 20% upper circuit on 13 November 2026 after its best September quarter since listing: profit rose 58% to ₹74.9 crore and revenue 29% to ₹110 crore. It also received RBI in-principle approval to run a TReDS invoice-discounting platform. The stock has more than doubled from its March low to ₹783.35 and trades at about 21× trailing earnings with a ~2% dividend yield.

1. MSTC Share Price Targets 2027–2030 at a Glance

All three scenarios come from one formula (next section). Targets are for the end of each calendar year.

The base case implies a price change of roughly 17% a year from today's ₹783.35 to the end of 2030.

2. How We Calculate These Targets

Target = projected EPS × P/E multiple. Each year-end target uses the EPS of the financial year that follows (for example, the 2027 target uses FY28 EPS), because markets price stocks on forward earnings. Read our full methodology.

• Starting EPS: trailing twelve-month EPS of ₹37.18 (₹783.35 ÷ ~21.1× P/E).
• Bear case: EPS grows 3% a year, P/E 14×. Auction volumes fall with commodity cycles and the PSU discount returns.
• Base case: EPS grows 15% a year, P/E 20×. E-commerce auctions keep growing and TReDS adds a new revenue line; P/E roughly stable.
• Bull case: EPS grows 20% a year, P/E 25×. TReDS scales quickly and MSTC wins more government auction mandates.

Worked example (base, 2027): ₹37.18 × 1.15 × 1.15 = ₹49.17 FY28 EPS → × 20 = ₹985.

Sensitivity — 2030 base-case EPS of ₹74.78 at different multiples:

3. Latest Results: What Changed

What changed: MSTC has exited its legacy low-margin trading business and is now focused on high-margin e-auction services, which lifted profit sharply. The TReDS approval lets it enter invoice financing for small businesses.

What it means for the targets: the base case assumes 15% EPS growth with the multiple roughly where it is after the rally.

4. MSTC Share Price in 2026: Where It Stands

With only weeks left in 2026, a year-end "target" is not meaningful. The stock closed at ₹783.35 on 13 Nov 2026, within a 52-week range of ₹362.15 – ₹805. The stock hit a 20% upper circuit on 13 November and is near its 52-week high.

5. MSTC Share Price Target 2027: ₹550 – ₹1,340 (Base ₹985)

Based on FY28 EPS of ₹39.44 / ₹49.17 / ₹53.54 (bear / base / bull). What to watch: e-auction volumes for coal, minerals and scrap.

6. MSTC Share Price Target 2028: ₹570 – ₹1,605 (Base ₹1,130)

Based on FY29 EPS of ₹40.63 / ₹56.55 / ₹64.25 (bear / base / bull). What to watch: the launch and growth of the TReDS platform.

7. MSTC Share Price Target 2029: ₹585 – ₹1,925 (Base ₹1,300)

Based on FY30 EPS of ₹41.85 / ₹65.03 / ₹77.10 (bear / base / bull). What to watch: dividend payouts, which have been generous.

8. MSTC Share Price Target 2030: ₹605 – ₹2,315 (Base ₹1,495)

Based on FY31 EPS of ₹43.10 / ₹74.78 / ₹92.52 (bear / base / bull). What to watch: by 2030 small yearly differences compound into a wide range; revisit after each annual result.

9. Key Metrics

10. Risks That Would Break the Base Case

• Government dependence: auction mandates come from ministries and PSUs.
• Commodity cycles: auction volumes follow coal and mineral demand.
• New business risk: TReDS is a competitive market with established players.
• Momentum: after a 20% one-day jump, the stock may be volatile.

11. What the Numbers Suggest

MSTC has become a leaner, high-margin platform business and the market has noticed. The variable to track is e-auction revenue growth. If it continues and TReDS adds to it, the base case (₹1,495 by 2030) is reasonable; a slowdown in auctions points to the bear case.

This is a framework, not a recommendation. Your own decision should depend on your time horizon, risk tolerance and existing holdings.

12. FAQs on MSTC Share Price

What is the MSTC share price target for 2027?
Our base case is ₹985, assuming 15% annual EPS growth and a 20× P/E. The range is ₹550 (bear) to ₹1,340 (bull).

What is the MSTC share price target for 2030?
Base case ₹1,495; range ₹605 to ₹2,315. It assumes FY31 EPS of about ₹74.78.

Why did MSTC shares hit the upper circuit?
Strong Q2 FY27 results (profit +58%) and RBI in-principle approval for a TReDS platform.

What was MSTC’s profit in Q2 FY27?
₹74.9 crore consolidated, up 57.7%.

What does MSTC do?
It runs government e-auction platforms for coal, minerals, scrap, spectrum and other assets.

Does MSTC pay dividends?
Yes; the trailing dividend is about ₹15.70 per share, a yield of about 2%.