MTAR Technologies Ltd

MTAR Technologie Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

MTAR Technologies Ltd

₹ 1,884 -0.55%
26 Apr - close price
mtar.in BSE: 543270 NSE : MTARTECH
About

MTAR develops and manufactures components and equipment for the defense, aerospace, nuclear and clean energy sectors. The company 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 government 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

Subsidiaries:[1]
A. Gee Pee Aerospace and Defence Private Limited
B. Magnatar Aero Systems Private Limited - non operational

Website BSE NSE
  • Market Cap ₹ 5,795 Cr.
  • Current Price ₹ 1,884
  • High / Low ₹ 2,920 / 1,660
  • Stock P/E 70.4
  • Book Value ₹ 215
  • Dividend Yield 0.00 %
  • ROCE 22.5 %
  • ROE 18.2 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 8.77 times its book value
  • Promoter holding has decreased over last 3 years: -13.0%

* 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

Consolidated Figures in Rs. Crores / View Standalone

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 91 126 160 196 153 167 118
38 39 40 62 55 71 66 91 115 147 118 131 95
Operating Profit 18 30 14 29 23 28 25 35 45 49 35 36 24
OPM % 32% 43% 27% 32% 29% 28% 27% 28% 28% 25% 23% 22% 20%
0 1 3 3 1 2 4 5 6 5 4 1 0
Interest 2 2 1 1 2 3 2 3 4 6 6 5 6
Depreciation 3 3 3 4 4 4 4 5 5 5 6 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% 25% 20% 19%
9 18 9 19 13 20 16 25 31 31 20 20 10
EPS in Rs 3.31 5.86 2.83 6.19 4.33 6.44 5.27 8.03 10.22 10.10 6.61 6.65 3.40
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
214 246 322 574 634
156 163 228 420 491
Operating Profit 58 83 94 154 144
OPM % 27% 34% 29% 27% 23%
4 1 9 19 10
Interest 5 7 7 15 22
Depreciation 12 13 14 19 22
Profit before tax 46 65 82 140 109
Tax % 31% 29% 26% 26%
31 46 61 103 82
EPS in Rs 11.70 14.98 19.79 33.62 26.76
Dividend Payout % 43% 40% 15% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 39%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 49%
TTM: -11%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 26%
1 Year: 4%
Return on Equity
10 Years: %
5 Years: %
3 Years: 15%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 27 31 31 31 31
Reserves 198 446 489 589 630
29 17 96 143 250
92 93 112 300 156
Total Liabilities 346 586 728 1,063 1,066
155 167 196 291 298
CWIP 12 11 44 64 72
Investments 0 0 62 27 39
179 409 425 680 658
Total Assets 346 586 728 1,063 1,066

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
56 9 -30 7
-12 -22 -145 -87
-41 180 54 32
Net Cash Flow 3 167 -121 -47

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 105 114 154 133
Inventory Days 382 467 535 524
Days Payable 155 158 179 296
Cash Conversion Cycle 332 423 510 361
Working Capital Days 109 190 270 230
ROCE % 19% 16% 22%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.25% 50.25% 50.25% 50.26% 47.47% 47.18% 47.18% 46.63% 39.14% 39.14% 37.26% 37.26%
1.90% 1.91% 2.90% 6.19% 2.30% 3.18% 3.79% 2.51% 4.52% 8.81% 11.02% 10.57%
24.87% 23.03% 23.81% 23.46% 27.26% 27.74% 28.31% 27.57% 28.02% 24.06% 18.97% 18.07%
22.98% 24.81% 23.04% 20.10% 22.98% 21.90% 20.72% 23.28% 28.32% 27.98% 32.76% 34.10%
No. of Shareholders 1,03,7281,26,1511,26,5561,60,5231,74,3181,84,1071,84,1342,05,4302,11,2272,75,1683,12,4623,13,019

* 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.

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