MTAR Technologies Ltd

MTAR Technologies Ltd

₹ 2,033 0.80%
23 Feb - close price
About

MTAR Technologies was established in 1970, it is in the business of manufacturing various machine equipment, assemblies, sub-assemblies, and spare parts for energy, nuclear, space, aerospace, defence and other engineering industries. [1][2]

Key Points

Nuclear Segment (14% of revenues):[1] In this segment, Co. Manufactures complex components and assemblies such as Fuel Machining Head, Drive Mechanisms, Bridge & Column, etc. for nuclear reactors. It also provides customized Ball Screws and Water Lubricated Bearings that are import substitutes and used in various assemblies.

  • Market Cap 6,252 Cr.
  • Current Price 2,033
  • High / Low 2,920 / 1,472
  • Stock P/E 76.3
  • Book Value 215
  • Dividend Yield 0.00 %
  • ROCE 22.2 %
  • ROE 17.9 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 79.9% CAGR over last 5 years

Cons

  • Stock is trading at 9.45 times its book value
  • Promoter holding has decreased over last quarter: -1.88%

* 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

Sector: Aerospace & Defence Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
55 69 54 91 78 99 91 126 160 196 152 167 118
38 39 40 62 55 71 66 91 115 148 119 130 95
Operating Profit 18 30 14 29 23 28 25 35 45 49 34 36 24
OPM % 32% 43% 27% 32% 29% 28% 28% 28% 28% 25% 22% 22% 20%
0 1 3 3 1 2 4 5 6 5 4 1 1
Interest 2 2 1 1 2 3 2 3 4 6 6 5 6
Depreciation 3 3 3 4 4 4 4 4 5 5 5 6 6
Profit before tax 12 25 13 27 19 24 22 33 42 43 27 26 13
Tax % 29% 29% 31% 30% 29% 17% 27% 25% 25% 28% 26% 20% 19%
9 18 9 19 13 20 16 25 32 31 20 21 11
EPS in Rs 3.31 5.86 2.83 6.20 4.33 6.44 5.34 8.19 10.31 9.99 6.44 6.77 3.43
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
100 95 105 81 81 101 157 184 214 246 322 573 633
85 76 86 79 71 113 125 130 156 163 228 419 491
Operating Profit 15 20 19 2 11 -12 32 54 58 83 94 154 142
OPM % 15% 21% 18% 2% 13% -12% 20% 29% 27% 34% 29% 27% 22%
3 1 2 3 1 1 1 4 4 1 9 20 10
Interest 6 9 9 8 7 5 4 4 5 7 7 14 22
Depreciation 8 9 10 5 5 5 11 11 12 13 14 18 22
Profit before tax 3 2 3 -7 -1 -22 17 42 46 65 82 141 108
Tax % 8% 80% 37% 36% 133% 30% 68% 6% 31% 29% 26% 26%
3 0 2 -5 0 -15 5 39 31 46 61 104 82
EPS in Rs 0.97 0.12 0.64 -1.64 0.06 -5.34 1.92 13.89 11.70 14.98 19.79 33.84 26.63
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 22% 43% 40% 15% 0%
Compounded Sales Growth
10 Years: 20%
5 Years: 30%
3 Years: 39%
TTM: 33%
Compounded Profit Growth
10 Years: 77%
5 Years: 80%
3 Years: 48%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 21%
Return on Equity
10 Years: 9%
5 Years: 15%
3 Years: 15%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 28 28 28 28 28 28 28 28 27 31 31 31 31
Reserves 207 207 185 180 181 166 177 207 198 446 489 590 631
54 59 44 49 26 29 20 29 29 17 96 143 249
84 98 73 48 38 71 56 41 92 93 112 299 155
Total Liabilities 373 392 330 306 273 294 281 305 346 586 728 1,063 1,066
162 159 151 145 146 148 152 162 155 167 196 282 289
CWIP 15 8 7 8 8 8 2 6 12 11 44 63 70
Investments 25 25 0 0 0 0 0 0 0 0 62 34 45
170 199 171 152 119 138 127 137 179 409 425 683 662
Total Assets 373 392 330 306 273 294 281 305 346 586 728 1,063 1,066

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
14 42 56 9 -30 9
-1 -33 -12 -22 -145 -88
-14 -7 -41 180 54 32
Net Cash Flow -1 2 3 167 -121 -47

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 65 60 56 71 88 140 114 100 105 114 154 132
Inventory Days 269 240 382 467 535 524
Days Payable 87 35 155 158 179 296
Cash Conversion Cycle 65 60 56 71 88 140 296 305 332 423 510 360
Working Capital Days 277 367 300 418 331 177 132 114 109 190 270 230
ROCE % 3% 4% 4% 0% 2% -7% 10% 18% 19% 19% 16% 22%

Shareholding Pattern

Numbers in percentages

31 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
50.25% 50.25% 50.25% 50.25% 50.26% 47.47% 47.18% 47.18% 46.63% 39.14% 39.14% 37.26%
3.02% 1.90% 1.91% 2.90% 6.19% 2.30% 3.18% 3.79% 2.51% 4.52% 8.81% 11.02%
24.14% 24.87% 23.03% 23.81% 23.46% 27.26% 27.74% 28.31% 27.57% 28.02% 24.06% 18.97%
22.58% 22.98% 24.81% 23.04% 20.10% 22.98% 21.90% 20.72% 23.28% 28.32% 27.98% 32.76%
No. of Shareholders 1,07,6271,03,7281,26,1511,26,5561,60,5231,74,3181,84,1071,84,1342,05,4302,11,2272,75,1683,12,462

* 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

Concalls