MTAR Technologies Ltd

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MTAR Technologies Ltd

₹ 7,044 0.66%
31 Aug - close price
mtar.in BSE: 543270 NSE: MTARTECH
About

MTAR develop and manufactures components and equipment for the defense, aerospace, nuclear and clean energy sectors. The co. was incorporated in 1970 by the promoters,
Mr PR Reddy, Mr KSN Reddy and Mr PJ Reddy, to cater to the technical and engineering needs of the Indian govt
in the post embargo regime. MTAR has manufacturing footprints in Hyderabad
with seven units spread across a 4 km
radius and a dedicated export facility
as well. [1]In addition, the company also supplies specialised products such as Ball Screws,
Water Lubricated Bearings, Roller Screws, Electro-Mechanical Actuation Systems, ASP assemblies etc. that find applications across diverse sectors.[2]

Key Points

Business Profile:[1] [2]
MTAR Technologies offers critical and differentiated engineered products serving multiple high-tech industries. It is one of the top 3 suppliers meeting precision engineering requirements for the Indian Civil Nuclear Power, Space, and Defence sectors.

Website BSE NSE - BE
  • Market Cap ₹ 21,666 Cr.
  • Current Price ₹ 7,044
  • High / Low ₹ 8,715 / 1,396
  • Stock P/E 158
  • Book Value ₹ 268
  • Dividend Yield 0.00 %
  • ROCE 15.2 %
  • ROE 12.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company's median sales growth is 20.4% of last 10 years

Cons

  • Stock is trading at 26.2 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.09%
  • Company has a low return on equity of 9.63% over last 3 years.
  • Debtor days have increased from 115 to 140 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

Part of BSE Industrials Nifty Total Market BSE 1000 BSE India Defence Nifty Smallcap 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
152 167 118 143 128 190 174 183 157 136 278 306 361
119 130 95 125 112 154 141 149 128 119 214 244 276
Operating Profit 34 36 24 18 16 37 33 34 28 17 64 62 85
OPM % 22% 22% 20% 13% 13% 19% 19% 19% 18% 13% 23% 20% 24%
4 1 1 1 1 2 3 0 1 4 -1 17 8
Interest 6 5 6 6 5 5 6 6 6 6 8 10 16
Depreciation 5 6 6 6 6 8 9 10 8 9 9 9 9
Profit before tax 27 26 13 7 6 25 22 19 15 6 46 60 68
Tax % 26% 20% 19% 32% 28% 26% 25% 25% 26% 24% 24% 26% 25%
20 21 11 5 5 19 16 14 11 5 35 44 50
EPS in Rs 6.44 6.77 3.43 1.65 1.48 6.11 5.31 4.62 3.65 1.49 11.43 14.42 16.42
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
81 81 101 157 184 214 246 322 573 580 676 876 1,080
79 71 113 125 130 156 163 228 419 468 555 705 853
Operating Profit 2 11 -12 32 54 58 83 94 154 112 121 171 228
OPM % 2.3% 13% -12% 20% 29% 27% 34% 29% 27% 19% 18% 20% 21%
3 1 1 1 4 4 1 9 20 6 6 20 27
Interest 8 7 5 4 4 5 7 7 14 22 22 29 39
Depreciation 5 5 5 11 11 12 13 14 18 23 32 34 36
Profit before tax -7 -1 -22 17 42 46 65 82 141 73 72 127 180
Tax % -36% -133% -30% 68% 6% 31% 29% 26% 26% 23% 26% 25%
-5 0 -15 5 39 31 46 61 104 56 54 95 135
EPS in Rs -1.64 0.06 -5.34 1.92 13.89 11.70 14.98 19.79 33.84 18.29 17.51 30.99 43.76
Dividend Payout % 0% 0% 0% 0% 22% 43% 40% 15% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 27%
5 Years: 29%
3 Years: 15%
TTM: 53%
Compounded Profit Growth
10 Years: 88%
5 Years: 16%
3 Years: -1%
TTM: 127%
Stock Price CAGR
10 Years: %
5 Years: 41%
3 Years: 37%
1 Year: 405%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 10%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 28 28 28 28 28 27 31 31 31 31 31 31
Reserves 180 181 166 177 207 198 446 489 590 646 700 795
49 26 29 20 29 29 17 96 143 190 177 377
48 38 71 56 41 92 93 112 299 139 220 542
Total Liabilities 306 273 294 281 305 346 586 728 1,063 1,006 1,128 1,744
145 146 148 152 162 155 167 196 282 332 425 497
CWIP 8 8 8 2 6 12 11 44 63 68 53 34
Investments 0 0 0 0 0 0 0 62 34 7 7 222
152 119 138 127 137 179 409 425 683 600 643 990
Total Assets 306 273 294 281 305 346 586 728 1,063 1,006 1,128 1,744

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
14 42 56 9 -30 9 55 102 192
-1 -33 -12 -22 -145 -88 -54 -104 -347
-14 -7 -41 180 54 32 25 -35 155
Net Cash Flow -1 2 3 167 -121 -47 27 -37 -1
Free Cash Flow 12 18 44 -14 -121 -97 -35 2 65
CFO/OP 53% 96% 109% 24% -12% 27% 69% 96% 127%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 71 88 140 114 100 105 114 154 132 92 113 140
Inventory Days 269 240 382 467 535 524 421 369 397
Days Payable 87 35 155 158 179 296 74 112 119
Cash Conversion Cycle 71 88 140 296 305 332 423 510 360 438 370 419
Working Capital Days 418 331 177 132 114 59 175 191 189 194 170 160
ROCE % 0% 2% -7% 10% 18% 19% 19% 16% 22% 11% 11% 15%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Order Book
Rs. Crores

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Aerospace & Defence Revenue
Rs. Crores
Clean Energy - Civil Nuclear Power Revenue
Rs. Crores
Clean Energy - Fuel Cells, Hydel & Others Revenue
Rs. Crores
Net Working Capital Days
Days
Products & Others Revenue
Rs. Crores
Export Revenue Share
%
Order Inflow
Rs. Crores

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Shareholding Pattern

Numbers in percentages

37 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
39.14% 37.26% 37.26% 36.42% 36.42% 31.42% 31.77% 31.65% 31.41% 30.59% 30.44% 29.35%
8.81% 11.02% 10.57% 7.74% 7.81% 7.01% 6.74% 7.57% 9.21% 12.24% 17.31% 24.80%
24.06% 18.97% 18.07% 15.96% 17.28% 23.17% 24.40% 23.51% 24.81% 29.96% 27.66% 22.35%
27.98% 32.76% 34.10% 39.88% 38.49% 38.39% 37.10% 37.26% 34.58% 27.19% 24.59% 23.51%
No. of Shareholders 2,75,1683,12,4623,13,0193,35,0683,17,1253,04,4803,01,0972,97,5812,75,9402,18,4612,09,2732,58,386

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

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