MTAR Technologies Ltd. (MTARTECH) AI Stock Analysis

• Market Cap: ₹74.42B
• Dividend Yield: N/A
• Average Volume (3M): 56.50K
• Price to Earnings (P/E): 166.3
• Beta (1Y): 1.31
• Revenue Growth: 12.06%
• EPS Growth: 16.16%
• Country: IN
• Employees: 1,111
• Sector: Technology
• Sector Strength: 88
• Industry: Industrial - Machinery
• EPS (TTM): 1.38
• Shares Outstanding: 30,759,590
• 10 Day Avg. Volume: 72,286
• 30 Day Avg. Volume: 56,500
• 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: 66 Neutral
• Price Target: ₹2,749.00 ▲(20.24% Upside)

MTAR Technologies Ltd. demonstrates strong financial performance and bullish technical indicators, but the high valuation and overbought technical signals pose risks. The absence of earnings call data and corporate events limits additional insights.

MTAR Technologies Ltd. Business Overview & Revenue Model

Company Description

MTAR Technologies Ltd. (MTARTECH) is an engineering and technology company based in India, specializing in precision engineering and manufacturing solutions for various sectors including aerospace, defense, nuclear, and space. The company is known for its expertise in producing high-precision equipment and components, as well as offering design and development services. MTARTECH's core products include space systems, defense equipment, and advanced manufacturing solutions, catering to both domestic and international clients.

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

MTAR Technologies Ltd. shows strong financial health with consistent revenue growth and profitability. The company maintains a solid equity base and effective management, although there are concerns about increasing debt levels and cash flow volatility.

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: 2286.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 2286.3 is above the 20-day moving average (MA) of 2254.68, above the 50-day MA of 1912.99, and above the 200-day MA of 1601.04, indicating a bullish trend. The MACD of 155.33 indicates Positive momentum. The RSI at 62.59 is Neutral, neither overbought nor oversold. The STOCH value of 65.67 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MTARTECH	66 Neutral	₹74.42B	166.33	―	―	12.06%	16.16%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
APOLLO	59 Neutral	₹92.69B	127.72	―	0.09%	39.76%	55.23%
AVALON	59 Neutral	₹76.66B	95.04	―	―	46.80%	201.41%
AXISCADES	59 Neutral	₹65.96B	83.67	―	―	9.02%	68.70%
OPTIEMUS	55 Neutral	₹51.19B	76.13	―	―	5.40%	9.98%
STLTECH	52 Neutral	₹54.95B	―	―	―	-14.27%	78.52%

MTAR Technologies Ltd. Corporate Events

MTAR Technologies Receives ‘Adequate’ ESG Rating from CRISIL

MTAR Technologies Ltd. has been assigned an ESG Rating of ‘CRISIL ESG 56’ in the ‘Adequate’ category by CRISIL ESG Ratings & Analytics Limited. This rating was independently determined based on publicly available information for the financial year 2024–25. The company clarified that it did not engage CRISIL for this assessment and acknowledged a delay in disclosure due to email accessibility issues, assuring measures to prevent future occurrences.

MTAR Technologies Secures Rs. 386 Crore Orders in Clean Energy Sector

MTAR Technologies Ltd. has secured international orders worth approximately Rs. 386.06 Crores from Bloom Energy Corporation, a continuation of their regular business in the clean energy sector. These contracts, which are not related party transactions, are expected to be executed by June 2026, reinforcing MTAR’s strong market position and ongoing relationship with existing international clients.

MTAR Technologies Announces Key Re-Appointments to Strengthen Governance

MTAR Technologies Ltd. has announced several key re-appointments subject to shareholder approval, including the re-appointment of M/s. S.R. Batliboi & Associates LLP as Statutory Auditors and the continuation of Mr. Venkatasamy Gnana Sekaran as a Non-Executive and Independent Director beyond the age of 75. These re-appointments are part of the company’s ongoing governance and management strategy, ensuring continuity and stability in its leadership and oversight functions. The announcement reflects MTAR’s commitment to maintaining a robust governance structure, which is crucial for its operations in highly regulated industries.