MoneyWorks4Me

MTAR Technologies Ltd (MTARTECH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543270 NSE: MTARTECH Engineering | Small Cap | MTAR Technologies Share Price

₹7,323.30 35.70 (0.49%)

As on 11-Sep'26 16:59

MTAR Technologies Ltd (MTARTECH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543270 NSE: MTARTECH Engineering | Small Cap | MTAR Technologies Share Price

₹7,323.30 35.70 (0.49%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹22,526 Cr.
Current Price
₹7,323.3
52-Week Low / High
₹1,484 / 8,715
TTM EPS
₹43.4
TTM Sales
₹1,067 Cr.
Book Value per Share
₹283.8
P/E Ratio
168.81
Higher than its 5-year historical median
Industry PE
61.2
Price to Book (P/B)
25.81
Higher than its 5-year historical median
Price to Sales (P/S)
21.11
Higher than its 5-year historical median
EV/EBITDA
88.58
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
7.53%
Underperforms industry median
Return on Capital Employed (ROCE)
10.57%
Underperforms industry median
Return on Assets (ROA)
4.95%
Operating Profit Margin
17.9%
Net Profit Margin
7.82%
Gross Profit Margin
15.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
16.54%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
7.21%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.74%
Asset Quality
Promoter Holding
29.36%
Pledged shares (%) of Promoter's holding (%)
3.52%
Reserves
₹842 Cr.
Equity
₹30.8 Cr.
Face Value
₹10
All Time Low / High
₹870.00 / 8714.95

MTAR Technologies stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Strong
Q.1 Is MTAR Technologies Ltd a good quality company?
MTAR Technologies Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does MTAR Technologies Ltd performance compare with that of its Peers?
Q.1 Revenue growth of MTAR Technologies Ltd vs industry peers?
MTAR Technologies Ltd revenue CAGR is 25.89%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of MTAR Technologies Ltd?
Promoters hold 29.36% of the MTAR Technologies Ltd, with 3.52% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of MTAR Technologies Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 39.87% based on the current price.

10 Year X-Ray :

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

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
-0.7-1.8-0.20.70.70.40.20.7-0.1-0.2-

Growth Parameters

Sales 81.51011571842142463225735806761,067
Sales YoY Gr.-23.6%55.6%17.3%16.4%15.3%30.7%78.1%1.2%16.5%-
Adj EPS 0-6.52.313.310.91519.130.617.816.643.8
YoY Gr.--21800%NA487.6%-17.6%37.5%27.3%59.8%-41.9%-6.5%-
BVPS (₹) 7471.872.983.384.1155169201.8220.2237.6284.9
Adj Net
Profit
0.1-18.46.437.529.346.358.994.154.751.2135
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

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 - 39.8% 40.8% 335.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0-8.93.11712.713.211.816.58.47.316.8
Op. Profit
Mgn %
14.8-11.320.429.327.133.829.326.919.317.921.3
Net Profit
Mgn %
0.1-18.24.120.413.718.818.316.49.47.612.6
Debt to
Equity
0.10.10.10.10.100.20.20.30.2-
Working Cap
Days
41,60432,610286247241277327322378317193
Cash Conv.
Cycle
25918213515515316420316823523083

Valuation of MTAR Technologies - Consolidated

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

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *8.598.508.509.8610.369.5310.908.988.943.52
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales184214246322574581676
Operating Expenses + 130156163228420468555
Manufacturing Costs25222129405071
Material Costs557280116270302342
Employee Cost 445253719497124
Other Costs 610912171919
Operating Profit 54588394154113121
Operating Profit Margin (%) 29.2%27.1%33.7%29.3%26.8%19.4%17.9%
Other Income + 24191965
Exceptional Items 1000000
Interest 4577152222
Depreciation 11121314192332
Profit Before Tax 424665821407372
Tax 2141921371719
Profit After Tax 393146611035653
PAT Margin (%) 21.3%14.7%18.7%18.9%18.0%9.7%7.8%
Adjusted EPS (₹)13.911.715.019.833.618.217.2
Dividend Payout Ratio (%)36%25.60%40.10%15.20%0%0%0%
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 235225477520620676729
Share Capital 28273131313131
Reserves 207198446489589646698
Debt +29291273116145131
Long Term Debt00726789781
Short Term Debt2929547384850
Minority Interest0000000
Trade Payables631355721862106
Others Liabilities 35626378109123164
Total Liabilities 3053465867281,0631,0081,130

Fixed Assets

Net Fixed Assets +162155167196291341439
Gross Block283203227271380452581
Accumulated Depreciation12048607589111143
CWIP 6121144647353
Investments 000622700
Inventories4175103170387348346
Trade Receivables506277136208147210
Cash Equivalents 112319167315117
Others Assets 35193852544966
Total Assets 3053465867281,0631,0081,130
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 30569-30757101
PBT 424665821407372
Adjustment 14151714294352
Changes in Working Capital -163-62-108-129-37-9
Tax Paid -9-7-12-18-32-21-13
Cash Flow From Investing Activity + -23-12-22-145-87-56-103
Capex -24-12-23-91-108-94-99
Net Investments 0-1-1-572637-5
Others 1114-511
Cash Flow From Financing Activity + -6-41180543225-36
Net Proceeds from Shares 002130000
Net Proceeds from Borrowing 0012375637-15
Interest Paid -4-6-6-6-14-22-22
Dividend Paid -10-17-8-18000
Others 9-18-3042-10102
Net Cash Flow 23167-121-4727-37
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)16.6813.6113.1312.2218.158.667.53
ROCE (%)17.4519.4219.2116.0222.4511.6910.57
Asset Turnover Ratio0.60.660.530.490.640.560.63
PAT to CFO Conversion(x)0.771.810.2-0.490.071.021.91
Working Capital Days
Receivable Days100.2095.70102.90120.90109.50111.6096.20
Inventory Days81.6099.50131.80154.70177.10230.70187.30
Payable Days39.7092.40148.70144.10186.40169.4090

Top 5 Mutual Funds Holding

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Announcements

MTAR Technologies Ltd FAQs

The current trading price of MTAR Technologies on 11-Sep-2026 16:59 is ₹7,323.3.

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 10-Sep-2026 the market cap of MTAR Technologies stood at ₹22,526.2 Cr

The latest P/E ratio of MTAR Technologies as of 10-Sep-2026 is 167.4.

The latest P/B ratio of MTAR Technologies as of 10-Sep-2026 is 25.71.

The 52-week high of MTAR Technologies is ₹8,715 and the 52-week low is ₹1,483.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MTAR Technologies is ₹1,067 ( Cr.) .

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

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

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

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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