MTAR Technologies Ltd (MTARTECH) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543270 | NSE: MTARTECH | Engineering | Small Cap

MTAR Technologies Share Price

2,376.10 -141.80 -5.63%
as on 05-Dec'25 14:28

MTAR Technologies Ltd (MTARTECH) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543270 | NSE: MTARTECH | Engineering | Small Cap

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3. Price Trend


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MTAR Technologies stock performance -

Key Ratios
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P/E Ratio (SA):
167.11
Market Cap:
7,745 Cr.
52-wk low:
1,152
52-wk high:
2,715

Is MTAR Technologies Ltd an attractive stock to invest in?


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10 Year X-Ray of MTAR Technologies: Login to view analysis.

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.
MTAR Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 3.1%-9.4%9.5%18.8%19.4%19.2%16%22.5%11.7%10.7%-
Value Creation
Index
-0.8-1.7-0.30.40.40.40.20.7-0.1-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 81.5101157184214246322573580676640
Sales YoY Gr.-23.6%55.6%17.3%16.4%15.3%30.7%78.1%1.2%16.5%-
Adj EPS 0-6.52.313.310.91519.130.617.816.615.1
YoY Gr.--21800%NA487.6%-17.6%37.5%27.3%59.8%-41.9%-6.5%-
BVPS (₹) 7471.872.983.384.1155169201.8220.2237.6242.7
Adj Net
Profit
0.1-18.46.437.529.346.358.994.154.751.246
Cash Flow from Ops. 33.511.614.442.156.28.6-29.88.955.5102-
Debt/CF from Ops. 0.82.51.40.70.52-3.216.13.41.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 26.5%25.9%28%16.5%
Adj EPS 101.8%8.7%-4.6%-6.5%
BVPS13.8%23.1%12%7.9%
Share Price - - 10.2% 32.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0-8.93.11712.713.211.816.58.47.36.3
Op. Profit
Mgn %
14.8-11.320.429.327.133.829.326.919.317.917.7
Net Profit
Mgn %
0.1-18.24.120.413.718.818.316.49.47.67.2
Debt to
Equity
0.10.10.10.10.100.20.20.30.20.1
Working Cap
Days
41,60432,610286247241277327322378317185
Cash Conv.
Cycle
25918213515515316420316823223094

Recent Performance Summary

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Latest Financials - MTAR Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 15.1 14.6
TTM Sales (₹ Cr.) 640 640
BVPS (₹.) 242.7 241.9
Reserves (₹ Cr.) 716 713
P/BV 10.37 10.41
PE 167.11 173.09
From the Market
52 Week Low / High (₹) 1152.00 / 2715.00
All Time Low / High (₹) 870.00 / 2920.00
Market Cap (₹ Cr.) 7,745
Equity (₹ Cr.) 30.8
Face Value (₹) 10
Industry PE 38.5

Management X-Ray of MTAR Technologies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *6.646.649.168.598.508.509.8610.369.5310.90
* Pledged shares as % of Promoter's holding (%)

Valuation of MTAR Technologies - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Event Update

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Analyst's Notes

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No data found!

Key Ratios of MTAR Technologies

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales81101157184214246322573580676
Operating Expenses 69113125130156163228419468555
Manufacturing Costs7152418222129415473
Material Costs245050637280116269301342
Employee Cost 343945445253719295122
Other Costs 596610912171819
Operating Profit 12-123254588394154112121
Operating Profit Margin (%) 14.8%-11.9%20.4%29.2%27.1%33.7%29.3%26.9%19.3%17.8%
Other Income 11124192066
Interest 7544577152222
Depreciation 5111111121314182332
Exceptional Items 0001000000
Profit Before Tax 1-2717424665821417372
Tax 1-9112141921371719
Profit After Tax 0-196393146611045654
PAT Margin (%) 0.2%-18.6%4.1%21.3%14.7%18.7%18.9%18.2%9.7%8.0%
Adjusted EPS (₹)0.1-6.62.313.911.715.019.833.818.317.5
Dividend Payout Ratio (%)0%0%0%36%26%40%15%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 209203206235225477520621677731
Share Capital 28282828273131313131
Reserves 181174177207198446489590646700
Minority Interest0000000000
Debt26292029291273115145131
Long Term Debt00000726789781
Short Term Debt2629202929547384850
Trade Payables42114631355721861105
Others Liabilities 18,353484635626378109123161
Total Liabilities 18,5913012853053465867281,0631,0061,128

Fixed Assets

Gross Block209257264198203227271371442566
Accumulated Depreciation631011123648607589110141
Net Fixed Assets 146156152162155167196282332425
CWIP 8826121144636853
Investments 000000623477
Inventories3732424175103170386347345
Trade Receivables203949506277136208146209
Cash Equivalents 7109112319167315117
Others Assets 18,374583135193852585672
Total Assets 18,5913012853053465867281,0631,0061,128

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 34121442569-30955102
PBT 1-2717424665821417372
Adjustment 1115716151714284251
Changes in Working Capital 2125-7-63-62-108-128-38-8
Tax Paid 1-1-3-9-7-12-18-32-21-14
Cash Flow From Investing Activity -6-7-1-33-12-22-145-88-54-104
Capex -6-7-2-24-12-23-91-106-90-100
Net Investments -100-9-1-1-572737-5
Others 1111114-9-11
Cash Flow From Financing Activity -30-5-4-7-41180543225-35
Net Proceeds from Shares 000002110000
Net Proceeds from Borrowing 0-000012375637-15
Interest Paid -7-5-4-6-6-6-6-15-22-22
Dividend Paid 000-10-17-8-18000
Others -23-009-18-2842-9102
Net Cash Flow -2-1923167-121-4727-37

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.09-9.113.1417.813.6113.1312.2218.258.677.65
ROCE (%)3.09-9.49.4618.8219.4219.2116.0222.5311.710.66
Asset Turnover Ratio0.010.010.540.620.660.530.490.640.560.63
PAT to CFO Conversion(x)N/AN/A2.331.081.810.2-0.490.090.981.89
Working Capital Days
Receivable Days79102100999610312111011296
Inventory Days200120848299132155177231187
Payable Days6192127579214914418716989

MTAR Technologies Ltd Stock News

MTAR Technologies Ltd FAQs

The current trading price of MTAR Technologies on 05-Dec-2025 14:28 is ₹2,376.1.
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 04-Dec-2025 the market cap of MTAR Technologies stood at ₹7,745.
The latest P/E ratio of MTAR Technologies as of 04-Dec-2025 is 167.1.
The latest P/B ratio of MTAR Technologies as of 04-Dec-2025 is 10.37.
The 52-week high of MTAR Technologies is ₹2,715 and the 52-week low is ₹1,152.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MTAR Technologies is ₹640.4 ( Cr.) .

About MTAR Technologies Ltd

MTAR Technologies is a leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance, through its precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously developed and manufactured. It primarily serves customers in the clean energy, nuclear and space and defence, sectors.

Since inception, it has strived to grow continually, contributing to the Indian civilian nuclear power programme, Indian space programme, Indian defence and aerospace sector, as well as to the global clean energy sector and the global defence and aerospace sector. Over the years, it has also developed import substitutes such as ball screws and water lubricated bearings that are specialized and used in the sectors it caters to. The engineering capability of the company, evolved over decades, has enabled it to consistently offer quality complex precision manufactured components and assemblies, within stipulated timelines and at reasonable cost in most cases, allowing it to forge a robust relationship with its customers.

The company currently operates through seven manufacturing facilities, including an export-oriented unit (EOU). These manufacturing facilities, each of which is situated in Hyderabad, Telangana, employ advanced equipment to undertake precision machining, assembly, testing and quality control, specialized fabrication, brazing and heat treatment, and other specialized processes, leading to the company being a one-stop solutions company for its customers. Over the years, it has made investments in processes, infrastructure and systems, and in specialized training to its technical team to become a leading player in nuclear and space and defence sectors. It has also implemented various information technology solutions including for assisting in its designing and manufacturing operations, and enterprise resource planning (ERP) solutions to integrate key areas of its operations.

Business area of the company

The company develops and manufactures a wide range of mission critical assemblies and precision components with close tolerances (5-10 microns), through its precision machining, assembly, and specialized fabrication facilities, for onward usage by its customers in the clean energy, nuclear, and space and defence sectors in India, and abroad.

Major events and milestones

  • 1999: Incorporation of the company upon its conversion from a partnership firm to a private limited company.
  • 1999: Commencement of manufacture of base shroud and fin assembly and pneumatic components for use in flight systems.
  • 2003: Manufacture of control and safety red drive mechanism and diverse safety rod drive mechanism for IGCAR.
  • 2008: Manufacture of grid plates for a 500 mega-watt prototype fast breeder reactor.
  • 2012: Manufacture of power units for Bloom Energy.
  • 2018: Commencement of defence exports by company.

Awards, accreditations or recognitions

  • 2002: The Company was awarded the ‘Award for Excellence in Aerospace Indigenisation’ by the Society of Indian Aerospace Technologies and Industries for the outstanding contributions made by company towards the indigenisation of machining of critical components for ‘Kaveri’ engines.
  • 2004: The company was awarded the ‘INS Industrial Excellence Award’ by the Indian Nuclear Society for the contributions made by the company in the nuclear field by undertaking critical development jobs.
  • 2005: The company was awarded the ‘Defence Technology Absorption Award’ by the Defence Research and Development Organisation, in recognition of the outstanding contribution made by the Company in technology absorption in the area of Agni missiles.
  • 2018: The company was awarded the ‘Best Quality Supplier Award’ by the helicopter division of Hindustan Aeronautics Limited, at the Business Partners Quality Meet, 2018.
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