MTAR Technologies Ltd

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

MTAR Technologies Ltd

₹ 1,584 -0.39%
02 Jul - 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

Business Profile[1]
MTAR Technologies is a leader in critical and differentiated engineered products serving multiple high-tech industries.

Website BSE NSE
  • Market Cap ₹ 4,873 Cr.
  • Current Price ₹ 1,584
  • High / Low ₹ 2,076 / 1,152
  • Stock P/E 92.1
  • Book Value ₹ 237
  • Dividend Yield 0.00 %
  • ROCE 10.6 %
  • ROE 7.53 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 6.69 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 31.8%
  • Company has a low return on equity of 10.9% over last 3 years.
  • Promoter holding has decreased over last 3 years: -18.5%

* 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 Aerospace & Defense Aerospace & Defense

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
99 91 126 160 196 153 167 118 143 128 190 174 183
71 66 91 115 147 118 131 95 125 112 153 141 149
Operating Profit 28 25 35 45 49 35 36 24 18 17 37 33 34
OPM % 28% 27% 28% 28% 25% 23% 22% 20% 13% 13% 19% 19% 19%
2 4 5 6 5 4 1 0 0 1 1 3 0
Interest 3 2 3 4 6 6 5 6 6 5 5 6 6
Depreciation 4 4 5 5 5 6 6 6 6 6 8 9 10
Profit before tax 24 22 33 42 43 27 26 13 7 6 25 21 19
Tax % 17% 27% 25% 25% 28% 25% 20% 19% 32% 29% 26% 26% 26%
20 16 25 31 31 20 20 10 5 4 19 16 14
EPS in Rs 6.44 5.27 8.03 10.22 10.10 6.61 6.65 3.40 1.58 1.44 6.10 5.19 4.46
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
214 246 322 574 581 676
156 163 228 420 468 555
Operating Profit 58 83 94 154 113 121
OPM % 27% 34% 29% 27% 19% 18%
4 1 9 19 6 5
Interest 5 7 7 15 22 22
Depreciation 12 13 14 19 23 32
Profit before tax 46 65 82 140 73 72
Tax % 31% 29% 26% 26% 23% 26%
31 46 61 103 56 53
EPS in Rs 11.70 14.98 19.79 33.62 18.24 17.19
Dividend Payout % 43% 40% 15% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 26%
3 Years: 28%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: -4%
TTM: -2%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 9%
1 Year: -18%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 11%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 27 31 31 31 31 31
Reserves 198 446 489 589 646 698
29 17 96 143 191 177
92 93 112 300 140 224
Total Liabilities 346 586 728 1,063 1,008 1,130
155 167 196 291 341 439
CWIP 12 11 44 64 73 53
Investments 0 0 62 27 0 0
179 409 425 680 594 638
Total Assets 346 586 728 1,063 1,008 1,130

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
56 9 -30 7 57 101
-12 -22 -145 -87 -56 -103
-41 180 54 32 25 -36
Net Cash Flow 3 167 -121 -47 27 -37

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 105 114 154 133 92 113
Inventory Days 382 467 535 524 420 369
Days Payable 155 158 179 296 86 113
Cash Conversion Cycle 332 423 510 361 426 369
Working Capital Days 109 190 270 230 251 220
ROCE % 19% 16% 22% 11% 11%

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
47.47% 47.18% 47.18% 46.63% 39.14% 39.14% 37.26% 37.26% 36.42% 36.42% 31.42% 31.77%
2.30% 3.18% 3.79% 2.51% 4.52% 8.81% 11.02% 10.57% 7.74% 7.81% 7.01% 6.74%
27.26% 27.74% 28.31% 27.57% 28.02% 24.06% 18.97% 18.07% 15.96% 17.28% 23.17% 24.40%
22.98% 21.90% 20.72% 23.28% 28.32% 27.98% 32.76% 34.10% 39.88% 38.49% 38.39% 37.10%
No. of Shareholders 1,74,3181,84,1071,84,1342,05,4302,11,2272,75,1683,12,4623,13,0193,35,0683,17,1253,04,4803,01,097

* 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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