MTAR Technologies Ltd. (IN:MTARTECH)
:MTARTECH
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MTAR Technologies Ltd.
(MTARTECH)
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Rating:56Neutral
Price Target:
₹7,376.00
▲(210.76% Upside)
Action:Reiterated
Date:06/13/26
The score is primarily held back by weak cash-flow consistency and elevated valuation (very high P/E). Offsetting these are strong recent revenue growth and a generally constructive longer-term technical trend despite short-term weakness.
Positive Factors
Sustained Revenue Acceleration
Strong multi-year top-line growth demonstrates expanding market penetration and scaling of serial production. Such sustained revenue acceleration supports longer-term program economics, enhances bargaining power with customers, and improves visibility for multi-year contracts common in defence, space and nuclear sectors.
Negative Factors
Inconsistent Free Cash Flow Conversion
Earnings have not reliably converted to discretionary cash, limiting internal funding for capex, working capital needs, or debt reduction. Inconsistent FCF raises reliance on external financing during growth or working capital cycles and weakens resilience to revenue or margin setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Acceleration
Strong multi-year top-line growth demonstrates expanding market penetration and scaling of serial production. Such sustained revenue acceleration supports longer-term program economics, enhances bargaining power with customers, and improves visibility for multi-year contracts common in defence, space and nuclear sectors.
Read all positive factors
MTAR Technologies Ltd. (MTARTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹220.26B
Dividend YieldN/A
Average Volume (3M)61.41K
Price to Earnings (P/E)234.1
Beta (1Y)1.38
Revenue Growth29.62%
EPS Growth77.81%
CountryIN
Employees1,111
SectorTechnology
Sector Strength88
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)14.55
Shares Outstanding30,759,590
10 Day Avg. Volume29,474
30 Day Avg. Volume61,411
Financial Highlights & Ratios
PEG Ratio1.46
Price to Book (P/B)12.97
Price to Sales (P/S)12.17
P/FCF Ratio301.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)77.33
Revenue Forecast (FY)₹15.61B
MTAR Technologies Ltd. Business Overview & Revenue Model
Company Description
MTAR Technologies Limited, an Indian precision engineering firm established in Hyderabad in 1969, specializes in designing, producing, and distributing essential high-precision components and assemblies for critical applications to clients both do...
How the Company Makes Money
MTARTECH makes money by manufacturing and supplying precision-engineered components and sub-assemblies to customers in its focus sectors. Revenue is primarily generated through (1) contract manufacturing/build-to-print supplies where MTAR produces...
MTAR Technologies Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.34B | 8.76B | 6.65B | 5.73B | 5.63B | 3.16B |
| Gross Profit | 2.79B | 2.32B | 3.23B | 2.70B | 2.94B | 2.00B |
| EBITDA | 1.15B | 1.91B | 1.21B | 1.15B | 1.70B | 997.85M |
| Net Income | 447.44M | 940.30M | 528.87M | 561.13M | 1.03B | 608.74M |
Balance Sheet | ||||||
| Total Assets | 11.74B | 17.43B | 11.30B | 10.08B | 10.63B | 7.28B |
| Cash, Cash Equivalents and Short-Term Investments | 180.90M | 2.37B | 172.79M | 508.35M | 586.98M | 1.29B |
| Total Debt | 1.86B | 3.77B | 1.77B | 1.91B | 1.43B | 958.93M |
| Total Liabilities | 4.30B | 9.21B | 4.01B | 3.31B | 4.43B | 2.08B |
| Stockholders Equity | 7.44B | 8.23B | 7.29B | 6.76B | 6.20B | 5.20B |
Cash Flow | ||||||
| Free Cash Flow | 131.42M | 354.10M | 9.41M | -367.85M | -1.01B | -1.21B |
| Operating Cash Flow | 397.89M | 1.69B | 1.01B | 573.92M | 74.07M | -298.02M |
| Investing Cash Flow | -255.00M | -3.54B | -1.03B | -556.49M | -867.15M | -1.45B |
| Financing Cash Flow | -136.15M | 1.84B | -358.37M | 252.53M | 319.91M | 540.60M |
MTAR Technologies Ltd. Technical Analysis
Positive
2373.50
Price Trends
6109.06
Positive
4720.22
Positive
3433.29
Positive
Market Momentum
218.89
Positive
52.23
Neutral
28.86
Neutral
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 7418.41, below the 50-day MA of 6109.06, and below the 200-day MA of 3433.29, indicating a neutral trend. The MACD of 218.89 indicates Positive momentum. The RSI at 52.23 is Neutral, neither overbought nor oversold. The STOCH value of 28.86 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹137.22B | 36.77 | ― | 0.43% | 1.02% | -10.02% | |
62 Neutral | ₹145.41B | 51.49 | ― | 0.51% | 4.54% | 1.65% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | ₹220.26B | 234.15 | ― | ― | 29.62% | 77.81% | |
54 Neutral | ₹66.99B | 27.97 | ― | 0.59% | 6.14% | -4.01% | |
52 Neutral | ₹154.32B | 46.17 | ― | ― | 15.15% | 6.31% | |
40 Underperform | ₹2.50B | -56.06 | ― | ― | -29.63% | -117.34% |
* Technology Sector Average
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MTAR Technologies Ltd. Corporate Events
MTAR Technologies issues May 2026 investor presentation with detailed risk disclaimers
May 12, 2026
MTAR Technologies has released an investor presentation dated May 2026, providing shareholders and analysts with an updated overview of its business, market opportunities and strategic direction. The document is framed strictly as an information-o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.