MoneyWorks4Me

MPS Ltd (MPSLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532440 NSE: MPSLTD Printing And Publishing | Small Cap | MPS Share Price

₹2,614 -88.45 (-3.27%)

As on 11-Sep'26 16:59

MPS Ltd (MPSLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532440 NSE: MPSLTD Printing And Publishing | Small Cap | MPS Share Price

₹2,614 -88.45 (-3.27%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4,471 Cr.
Current Price
₹2,614
52-Week Low / High
₹1,340 / 2,980
TTM EPS
₹110.1
TTM Sales
₹806 Cr.
Book Value per Share
₹376.7
P/E Ratio
23.74
Lower than its 5-year historical median
Industry PE
10.8
Price to Book (P/B)
6.94
In line with its 5-year historical median
Price to Sales (P/S)
5.55
Lower than its 5-year historical median
EV/EBITDA
15.98
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
32.34%
Outperforms industry median
Return on Capital Employed (ROCE)
41.49%
Outperforms industry median
Return on Assets (ROA)
17.01%
Operating Profit Margin
30.7%
Net Profit Margin
22.54%
Gross Profit Margin
32.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
24.74%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
12.61%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
16.33%
Asset Quality
Promoter Holding
68.34%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹627 Cr.
Equity
₹17.1 Cr.
Face Value
₹10
All Time Low / High
₹27.25 / 3071.85

MPS stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is MPS Ltd a good quality company?
MPS Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does MPS Ltd performance compare with that of its Peers?
Q.1 Revenue growth of MPS Ltd vs industry peers?
MPS Ltd revenue CAGR is 12.70%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of MPS Ltd?
Promoters hold 68.34% of the MPS Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of MPS Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.8% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
MPS Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 32.6%26.6%24.3%17.7%25.5%29.1%34.7%40%40.4%43.3%-
Value Creation
Index
1.30.90.70.30.81.11.51.91.92.1-

Growth Parameters

Sales 224218224188279284298328351438463
Sales YoY Gr.--2.3%2.6%-16.2%48.7%1.8%4.9%9.9%7.3%24.7%-
Adj EPS 34334027.733.240.351.261.663.876.181.5
YoY Gr.--3.1%21.4%-30.9%20.2%21.1%27.3%20.3%3.6%19.3%-
BVPS (₹) 185221.3246.9183.6198.7190.6205.8216.7204.1231.5255.5
Adj Net
Profit
63.361.474.551.56068.987.6105109130139
Cash Flow from Ops. 49.770.24348.876.981.274.882.278.4139-
Debt/CF from Ops. 0000000000.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.8%9.5%13.7%24.7%
Adj EPS 9.4%18%14.1%19.3%
BVPS2.5%3.1%4%13.4%
Share Price 14.8% 29.5% 22.2% 20.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
20.516.217.112.917.120.125.929.230.334.833.5
Op. Profit
Mgn %
39.138.139.132.233.335.841.142.938.838.240.5
Net Profit
Mgn %
28.328.133.327.421.524.329.432.231.129.730.1
Debt to
Equity
0000000000.1-
Working Cap
Days
27829035848339346544442540932472
Cash Conv.
Cycle
39394055216924444647

Valuation of MPS - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales289267363332423449501545727768
Operating Expenses + 195181269253316323346376518533
Manufacturing Costs4337615270777978115132
Material Costs0000000000
Employee Cost 121111164166203202213243328320
Other Costs 31324435434554547581
Operating Profit 93869379107126155170209235
Operating Profit Margin (%) 32.3%32.2%25.7%23.8%25.2%28.1%31.0%31.1%28.8%30.6%
Other Income + 19242520101412131416
Exceptional Items -4000000068
Interest 0002221112
Depreciation 681115212119202728
Profit Before Tax 1031021078193118147161201229
Tax 32323122353138425256
Profit After Tax 707076605987109119149173
PAT Margin (%) 24.4%26.3%21.0%18.1%13.9%19.4%21.8%21.8%20.5%22.5%
Adjusted EPS (₹)37.837.740.832.232.450.963.869.487.1101.3
Dividend Payout Ratio (%)0%31.80%61.20%155.50%0%58.90%31.30%108%95.40%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 348419471367381367427459477594
Share Capital 19191919181717171717
Reserves 329400453348363350410442460577
Debt +00000000030
Long Term Debt00000000030
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables11111312221820242543
Others Liabilities 98131192200288347374505396472
Total Liabilities 4575616775796917328229898991,138

Fixed Assets

Net Fixed Assets +4748102114153143179387342539
Gross Block5461139163224221281522487721
Accumulated Depreciation61337497078101135145182
CWIP 0000000130
Investments 2062882128612628302125
Inventories0000000000
Trade Receivables60466962918687103117133
Cash Equivalents 172377941031331581158495
Others Assets 127156217222332365371352331347
Total Assets 4575616775796917328229898991,138
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 4578545399115113118101197
PBT 1031021078193118147161201229
Adjustment -9-6-145181718151414
Changes in Working Capital -1613-4-13715-16-17-641
Tax Paid -33-31-35-21-19-34-35-41-50-47
Cash Flow From Investing Activity + -40-72-4152-5915-6525-6-133
Capex -0-2-3-5-7-4-4-6-7-8
Net Investments -48-72-2152-5813-64251-126
Others 81045746-01
Cash Flow From Financing Activity + -0-0-27-175-53-116-70-93-140-52
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000000040
Interest Paid -0-0-0-7-0-0-1-1-1-2
Dividend Paid 00-22-14000-51-86-134-87
Others 00-5-29-53-115-18-7-5-4
Net Cash Flow 552329-1315-2250-4512
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)22.4518.3217.0914.2815.6623.2927.526.7931.832.34
ROCE (%)32.7526.6124.1719.9425.5231.9537.2936.5643.0441.49
Asset Turnover Ratio0.670.520.590.530.670.630.640.60.770.75
PAT to CFO Conversion(x)0.641.110.710.881.681.321.040.990.681.14
Working Capital Days
Receivable Days66.4072.6057.8072.106671.7062.8063.4055.1059.40
Inventory Days0000000000
Payable Days0000000000

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MPS Ltd FAQs

The current trading price of MPS on 11-Sep-2026 16:59 is ₹2,614.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of MPS stood at ₹4,471.5 Cr

The latest P/E ratio of MPS as of 10-Sep-2026 is 32.06.

The latest P/B ratio of MPS as of 10-Sep-2026 is 10.23.

The 52-week high of MPS is ₹2,980 and the 52-week low is ₹1,340.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MPS is ₹463 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that MPS Ltd is a good quality company.

The key valuation ratios of MPS Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of MPS Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About MPS Ltd

Two brothers Daniel and Alexander Macmillan founded Macmillan in England in 1843. They started publishing the works of great authors and writers. As the company grew, an ambitious expansion programme was initiated and as a result Macmillan has been operating in India since 1892. The Macmillan India slogan ‘Redefining Learning’ symbolises the innovative, customer-focused and forward-looking spirit of the company.

The company is the part of Macmillan Group. It is one of the large publishing groups that serve third party clients and its own companies with services including typesetting and data capture, web design and development in India, print sourcing facilities in the Far East, and warehousing and fulfillment in the UK, USA and Australia. Its client-list includes many other publishers, ranging from Reed Elsevier, Bloomsbury to Yellow Pages.

Macmillan is one of the largest and best-known publishers in the world. It is characterised by high-quality academic, educational, fiction and non-fiction publishing in many forms: educational course materials, science, technology and medicine, college textbooks, dictionaries, monographs and reference materials.

Macmillan Publishers India enjoys a cutting-edge niche as partner-in-progress in the socio-economic development of the country. It is in this field that Macmillan's flame burns the brightest – publishing educational books and materials for over 100 years.

Macmillan India has over 2,500 titles in its list and has played a significant role in the growth and success of Indian writing. The company has relationships with over 15,000 schools all over India and with its 22 offices and showrooms, possibly the widest all-India network.

As a major player in providing typesetting, data coding and conversion and editorial services to publishers globally, Macmillan has been a pioneer in the information technology-enabled service (ITES) space. It started its export-oriented typesetting operations in 1975. Mainly British and European publishers have driven the market so far but now US publishers are looking actively at outsourcing to India. This will have a positive impact on the current export market estimated to be around Rs 8,000 million (US$ 181.82 million) (Source: Industry estimates). Macmillan employs over 3,000 staff of which around 700 are in its domestic publishing business.

Macmillan also offers web-based solutions and IT services to publishers globally through its dedicated software services unit ‘emacmillan’. The market opportunities for this sector, too, are growing rapidly.

With a company-owned press in Chennai delivering high-quality production, Macmillan Publishers India has possibly the best editorial resources in the country. It focuses on publishing innovative, need-based, stimulating and enlightening books, which are true companions to teachers and students.

The company views its social responsibilities seriously. All books are thoroughly reviewed and processed to ensure they are accurate and the right message and content is passed on to young learners. Not surprisingly, it was chosen by UNICEF as a critical partner in the publication of the ‘Meena’ books – a venture of high social impact aiming at empowering the underprivileged girl child.

Macmillan India has been a pioneer in e-learning and runs two web-based portals, one on English Language Teaching and the other on Executive Development Programmes on important and emerging management areas. These are in association with premier institutes like IIM Calcutta, MDI Gurgaon, IIT Delhi and IIFT, Delhi.

The company has also made a mark in higher education, particularly in the areas of management and has published enduring best sellers like Shiv Khera's ‘You Can Win’, ‘Living with Honour’ and ‘Freedom is not Free’ – having sold more than a million copies.

Product range of the company:

Macmillan Publishers India publishes a wide range of books for schools, colleges, individual buyers, corporates and academic books for reference and research. The company issues approximately 250 new titles each year and has evolved a large number of new Indian authors. Among the rich author list of Macmillan India are Rabindranath Tagore (Macmillan was the sole copyright owner for decades), I K Gujral, Jaswant Singh, I G Patel, C N R Rao, M S Swaminathan, Shiv Khera, Arindam Chaudhuri, Kapil Dev, Ankit Fadia and other illustrious academicians, scientists and teachers.

The company’s titles include books which have been selling for more than 50 years like Nesfield’s Grammar, Hall & Knight and Loney’s Mathematics books. Also included in its list are a wide range of dictionaries and encyclopaedias.

Awards/Achievements

  • Macmillan has won 23 awards for excellence in publishing and production in the last five years. The company has also won the Capexil Award for highest exports in its category continuously for the last 22 years.
  • The company has been selected as a Business Superbrand by Superbrand Council of India.

Recent developments

  • With the aim of providing quality books in regional markets, Macmillan has started publishing programmes for various states. Its books for the State of Maharashtra have already gained wide acceptance.
  • Recently the company launched a major school-testing project – the International Assessments for Indian Schools – in partnership with the University of New South Wales, Australia. This is an annual testing and assessment project that offers scientific and structured tests in various subjects for classes three to twelve. The students are provided with highly valuable diagnostic reports based on their strengths and weaknesses.
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