MTAR Technologies Ltd Stock Analysis

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

BSE Share Price 22-Sep-2023 18:02
2489.40 -33.35 (-1.32%)

DeciZen - Make an Informed Decision on MTAR Technologies

Overall Rating

1. Quality

2. Valuation


3. Price Trend

MTAR Technologies Price Chart

P/E Ratio ( SA) :
Market Cap :
7,759.9 Cr.
52-wk low :
52-wk high :
Bole Toh?

1. Is MTAR Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that MTAR Technologies Ltd is a average quality company.

2. Is MTAR Technologies Ltd undervalued or overvalued?

The key valuation ratios of MTAR Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is MTAR Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of MTAR Technologies Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of MTAR Technologies:

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

ROCE % 2.8%0.1%1.9%-6.3%4.2%16.6%12.6%13.7%11.5%15.1%-
Value Creation Index -0.8-1.0-0.9-1.5-0.70.2-0.10.0-0.20.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10580.881.5101157184214246322573635
YoY Gr. Rt. %--23.1%0.8%23.6%55.6%17.3%16.4%15.3%30.7%78.1%-
Adj EPS 0.6-1.80-6.52.313.310.91519.130.634.9
YoY Gr. Rt. %--379.7%NA-21800%NA487.6%-17.6%37.5%27.3%59.8%-
BVPS (₹) 75.7747471.872.983.384.1155169201.8208.3
Adj Net Profit 1.8-5.10.1-18.46.437.529.346.358.994.1107
Cash Flow from Ops.
Debt/CF from Ops.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 20.8%29.6%38.9%78.1%
Adj EPS 53.7%68.4%40.9%59.8%
Share Price - - - 52.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 0.8-2.40-8.93.11712.713.211.816.517
Op. Profit Mgn % 18.44.514.8-11.320.429.327.133.829.326.925.6
Net Profit Mgn % 1.7-6.30.1-
Debt to Equity
Working Cap Days 57771241,60432,6102862472412773273220
Cash Conv. Cycle 2072932591821351551531642031680

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.00%

Sales growth is growing at healthy rate in last 3 years 38.94%

Net Profit is growing at healthy rate in last 3 years 40.87%

Sales growth is good in last 4 quarters at 77.32%

No data to display

Latest Financials - MTAR Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 34.9 35
TTM Sales (₹ Cr.) 635 635
BVPS (₹.) 208.3 208.2
Reserves (₹ Cr.) 610 610
P/BV 12.11 12.23
PE 72.22 72.85
From the Market
52 Week Low / High (₹) 1472.45 / 2920.00
All Time Low / High (₹) 870.00 / 2920.00
Market Cap (₹ Cr.) 7,760
Equity (₹ Cr.) 30.8
Face Value (₹) 10
Industry PE 26.6

Management X-Ray of MTAR Technologies :

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

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Analyst's Notes

Key Ratios of MTAR Technologies

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


MTAR Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of MTAR Technologies on 22-Sep-2023 18:02 is : 2,489.4.
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 22-Sep-2023 18:02 the market cap of MTAR Technologies stood at ₹ 7,759.9.
The latest PE ratio of MTAR Technologies as of 22-Sep-2023 18:02 is 72.22.
The latest PB ratio of MTAR Technologies as of 22-Sep-2023 18:02 is 12.11
The 52-week high of MTAR Technologies is ₹ 2,920 and the 52-week low is ₹ 1,472.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of MTAR Technologies is ₹ 634.5 ( 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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