MTAR Technologies Ltd. (MTARTECH) AI Stock Analysis

• Market Cap: ₹90.21B
• Dividend Yield: N/A
• Average Volume (3M): 61.41K
• Price to Earnings (P/E): 142.1
• Beta (1Y): 1.45
• Revenue Growth: 12.06%
• EPS Growth: 16.16%
• Country: IN
• Employees: 1,111
• Sector: Technology
• Sector Strength: 88
• Industry: Industrial - Machinery
• EPS (TTM): 8.80
• Shares Outstanding: 30,759,590
• 10 Day Avg. Volume: 29,474
• 30 Day Avg. Volume: 61,411
• PEG Ratio: -13.58
• Price to Book (P/B): 5.67
• Price to Sales (P/S): 6.07
• P/FCF Ratio: 4.39K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹3,211.00 ▲(35.29% Upside)

The score is driven mainly by strong financial performance (growth and profitability with solid equity strength) and bullish technical momentum (price above key DMAs and positive MACD). The primary constraint is valuation, with a very high P/E and no dividend yield data, alongside some risk from overbought technical readings.

Positive Factors

Diversified, high-barrier end markets

Serving clean energy, space, defence and aerospace creates durable structural demand across mission-critical programs. High qualification requirements, quality systems and repeat vendor relationships raise switching costs and support long-term contract durability and pricing power.

Sustained revenue growth with healthy margins

Consistent top-line growth alongside robust gross and operating margins indicates efficient manufacturing and scaling of higher-value assemblies. Margin durability supports reinvestment, buffer against cyclicality, and strengthens cash generation potential over the medium term.

Solid balance sheet and high ROE

A strong equity base and sustained ROE provide financial resilience for bidding on large or multi-year programs, absorbing shocks and funding capex or certifications without excessive dilution. This enhances credibility with strategic customers and suppliers.

Negative Factors

Rising total debt levels

An increasing absolute debt load, even if current ratios remain manageable, can limit financial flexibility over time. Higher interest and principal obligations reduce headroom for new investments, make downturns riskier, and constrain the ability to opportunistically expand capacity.

Volatile free cash flow

Intermittent free cash flow creates uncertainty in funding for capex, certifications, and working capital for program ramps. Volatility increases reliance on external financing for growth or debt repayment and complicates steady capital allocation or shareholder returns.

Revenue sensitivity to program timing and execution

Dependence on program/order inflows and stringent qualification cycles makes revenue lumpy and execution-sensitive. Delays, failed qualifications or delivery issues can materially shift revenue recognition and margins across quarters, raising medium-term operational risk.

MTAR Technologies Ltd. Business Overview & Revenue Model

Company Description

MTAR Technologies Limited, a precision engineering solutions company, develops, manufactures, and sells mission-critical precision assemblies and components in India and internationally. It operates through four segments: Civil Nuclear Power, Space & Defence, Clean Energy, and Others. The company offers fuel machining heads, bridges and columns, coolant channel assemblies, drive mechanisms, calandria vault top hatch cover beams and deck plate assemblies, and channel health assessment systems, ball screws, and water lubricated bearings. It also provides rocket engine rotating assemblies, main injector bodies, latchable series redundant valves, pogo command modules, bent bodies, aluminium alloys, bloom energy servers, high precision shafts, and components and assemblies for propulsion for ships. In addition, the company provides base shroud assemblies and air frames, actuators for LCA, electro-pneumatic modules, liquid propulsion engines, cryogenic engines, and power units. The company serves nuclear, space and defense, and clean energy sectors. MTAR Technologies Limited was founded in 1969 and is based in Hyderabad, India.

How the Company Makes Money

MTAR Technologies generates revenue primarily through contract manufacturing and engineering services for defense and aerospace projects. The company's revenue model includes long-term contracts with government and private sector clients, ensuring a steady flow of income. Key revenue streams come from the production of critical components for satellite systems, launch vehicles, and defense applications. Significant partnerships with organizations such as ISRO (Indian Space Research Organisation) and DRDO (Defence Research and Development Organisation) further enhance its revenue opportunities by providing access to large-scale projects and funding. Additionally, MTARTECH may also earn income through research and development services and collaborations with international aerospace and defense companies.

MTAR Technologies Ltd. Financial Statement Overview

Summary

Strong income statement performance (revenue growth, healthy margins) supports the score, backed by a solid balance sheet with strong equity and ROE. Offsetting factors are rising debt and volatile cash flows despite the recent improvement to positive free cash flow.

Income Statement

MTAR Technologies Ltd. has demonstrated strong revenue growth with a substantial increase in total revenue from 2020 to 2025. The company maintains a healthy gross profit margin and a stable net profit margin despite slight fluctuations. The EBIT and EBITDA margins are impressive, indicating efficient operational management and profitability.

Balance Sheet

The balance sheet reflects a robust equity position, with a solid equity ratio indicating financial stability. The debt-to-equity ratio is manageable, although there has been an increase in total debt over the years. Return on equity remains strong, showcasing the company's ability to generate returns from its equity base.

Cash Flow

Cash flow analysis indicates improvement with positive free cash flow in the most recent year, turning around from previous negative figures. The operating cash flow to net income ratio shows healthy cash generation capability, although free cash flow growth has been volatile, reflecting fluctuations in capital expenditures and operating activities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.02B	6.81B	5.81B	5.74B	3.22B	2.44B
Gross Profit	3.18B	3.39B	2.70B	1.53B	923.91M	1.63B
EBITDA	1.36B	1.26B	1.15B	1.73B	997.85M	814.82M
Net Income	592.72M	528.87M	561.13M	1.03B	608.74M	460.66M
Balance Sheet
Total Assets	0.00	11.30B	10.08B	10.63B	7.28B	5.86B
Cash, Cash Equivalents and Short-Term Investments	169.24M	172.79M	508.35M	586.98M	1.29B	319.04M
Total Debt	0.00	1.77B	1.91B	1.43B	958.93M	169.77M
Total Liabilities	-7.29B	4.01B	3.31B	4.43B	2.08B	1.10B
Stockholders Equity	7.29B	7.29B	6.76B	6.20B	5.20B	4.77B
Cash Flow
Free Cash Flow	0.00	9.41M	-367.85M	-1.01B	-1.21B	-142.18M
Operating Cash Flow	0.00	1.01B	573.92M	74.07M	-298.02M	86.10M
Investing Cash Flow	0.00	-1.03B	-556.49M	-867.15M	-1.45B	-221.45M
Financing Cash Flow	0.00	-358.37M	252.53M	319.91M	540.60M	1.80B

MTAR Technologies Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2373.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MTARTECH, the sentiment is Positive. The current price of 2373.5 is below the 20-day moving average (MA) of 2589.02, below the 50-day MA of 2488.94, and above the 200-day MA of 1924.80, indicating a bullish trend. The MACD of 62.95 indicates Negative momentum. The RSI at 71.41 is Negative, neither overbought nor oversold. The STOCH value of 84.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MTARTECH.

MTAR Technologies Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MTARTECH	69 Neutral	₹90.21B	142.14	―	―	12.06%	16.16%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
APOLLO	59 Neutral	₹92.44B	100.57	―	0.09%	39.76%	55.23%
AVALON	59 Neutral	₹57.24B	65.01	―	―	46.80%	201.41%
AXISCADES	59 Neutral	₹52.28B	58.45	―	―	11.17%	90.62%
OPTIEMUS	58 Neutral	₹35.52B	50.61	―	―	-8.59%	0.52%
STLTECH	53 Neutral	₹51.89B	-120.63	―	―	-14.27%	78.52%

MTAR Technologies Ltd. Corporate Events

MTAR Technologies Publishes Q3 FY2025 Unaudited Results in Newspapers

MTAR Technologies Limited has announced that it has published its unaudited standalone and consolidated financial results for the quarter ended 31 December 2025 in newspapers, in compliance with SEBI’s Listing Obligations and Disclosure Requirements. The results have been advertised in the Financial Express (all-India English edition) and Nava Telangana (Telugu edition), reinforcing the company’s adherence to mandatory disclosure norms and ensuring broader transparency and access to financial information for investors and other stakeholders.

MTAR Technologies Releases January 2026 Investor Presentation With Disclaimers on Forward-Looking Information

MTAR Technologies Ltd. has informed the exchange that it has released an investor presentation for January 2026, accompanied by a corporate video, for informational purposes. The company emphasizes that the materials are not an offer to sell or issue securities and disclaims any warranty on the completeness or accuracy of the information, noting that the presentation may include forward-looking statements subject to significant risks and uncertainties, and that it assumes no obligation to update such information.

MTAR Technologies Posts Strong Q3 FY26 Growth With Revenue Up 59% and Profit More Than Doubling

MTAR Technologies reported a strong third quarter for FY 2025-26, with revenue from operations rising 59.3% year-on-year to Rs 278 crore and EBITDA surging 92.5% to Rs 64 crore, reflecting robust operational performance across its clean energy, aerospace and defence businesses. Profitability improved sharply, with profit before tax more than doubling to Rs 46.1 crore and profit after tax jumping 117.3% to Rs 34.7 crore year-on-year, while sequential comparisons showed an even steeper ramp-up in revenue and earnings, underscoring significant growth momentum and strengthening financial resilience for stakeholders.

MTAR Technologies Board Clears Q3 FY26 Results, Governance Changes and Higher Borrowing Limits

MTAR Technologies Ltd. has announced that its board approved the unaudited standalone and consolidated financial results for the quarter ended 31 December 2025, along with the corresponding limited review reports, at a meeting held on 29 January 2026. The board also recorded the resignation of company secretary and compliance officer Ms. Naina Singh and approved the appointment of Ms. Priyanka Agarwal to that role effective 2 February 2026, reconstituted its Internal Complaints Committee under the POSH Act, and cleared a revision in the commission payable to independent directors, subject to shareholder approval. In a move that could expand its financial flexibility, the company’s board agreed to seek shareholder consent via postal ballot to increase its borrowing powers and raise limits for selling, leasing, or creating charges over its assets and undertakings, with the postal ballot notice and related timetable also approved, signaling a potential scale‑up in funding capacity for future operational or strategic initiatives.

MTAR Technologies Secures Rs. 310 Crore Civil Nuclear Sector Order

MTAR Technologies Ltd. has announced the receipt of an additional order worth Rs. 310 crores from Megha Engineering & Infrastructures Ltd. related to the supply of equipment for the Kaiga 5 and Kaiga 6 civil nuclear reactors, with staggered deliveries planned through February 2030. This new order enhances the company’s presence in the civil nuclear power sector, strengthening its portfolio in one of its key focus areas within the domestic market and positioning it as a reliable supplier in the growing energy infrastructure landscape.

MTAR Technologies Releases Q2 2025 Financial Results

MTAR Technologies Ltd. announced the publication of its unaudited financial results for the second quarter and half-year ending September 30, 2025. The results were published in the Financial Express and Nava Telangana newspapers, reflecting the company’s commitment to transparency and regulatory compliance. This announcement may influence investor confidence and provide insights into the company’s financial health and market positioning.

MTAR Technologies Unveils November 2025 Investor Presentation

MTAR Technologies Ltd. has released an investor presentation for November 2025, aimed at providing information about the company’s market opportunities and business prospects. The presentation includes forward-looking statements that outline potential risks and uncertainties, emphasizing the company’s strategic focus and market positioning.

MTAR Technologies Reports Q2 2025 Results and Announces Subsidiary Merger

MTAR Technologies Ltd. announced its unaudited financial results for the quarter and half-year ended September 30, 2025, revealing a focus on consolidating its operations through the proposed amalgamation of its subsidiaries, Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited. This strategic move, pending regulatory approval, aims to streamline operations and potentially enhance the company’s market position within the aerospace and defense sectors.

MTAR Technologies Announces Financial Results and Strategic Merger Plans

MTAR Technologies Ltd. announced the approval of its unaudited financial results for the quarter and half-year ending September 30, 2025, during a recent board meeting. Additionally, the company revealed a significant strategic move with the proposed amalgamation of its subsidiaries, Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited, subject to regulatory approvals. This merger is expected to streamline operations and potentially enhance MTAR’s market position in the aerospace and defense sector.