MTAR Technologies Ltd. (IN:MTARTECH)
:MTARTECH
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MTAR Technologies Ltd.
(MTARTECH)
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Rating:68Neutral
Price Target:
₹7,031.00
▲(196.23% Upside)
Action:DowngradedDate:05/01/26
The score is primarily driven by strong financial performance (growth and profitability with a solid equity base), partially offset by stretched technical conditions that raise pullback risk and a high valuation multiple that reduces margin of safety.
Positive Factors
Strong revenue growth & margins
Sustained revenue expansion and robust EBIT/EBITDA margins indicate durable operational efficiency and pricing power in precision manufacturing. These margins support reinvestment into tooling and capacity, underpinning competitive positioning and multi-year contract delivery ability.
Negative Factors
Rising debt levels
Growth in total debt increases leverage and interest obligations, reducing financial flexibility. For a company dependent on multi-year programs, higher debt heightens refinancing and coverage risks if revenue timing slips or margins compress, constraining investment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth & margins
Sustained revenue expansion and robust EBIT/EBITDA margins indicate durable operational efficiency and pricing power in precision manufacturing. These margins support reinvestment into tooling and capacity, underpinning competitive positioning and multi-year contract delivery ability.
Read all positive factors
MTAR Technologies Ltd. (MTARTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹188.50B
Dividend YieldN/A
Average Volume (3M)61.41K
Price to Earnings (P/E)53.6
Beta (1Y)1.54
Revenue Growth18.45%
EPS Growth44.13%
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 Ratio-13.58
Price to Book (P/B)5.67
Price to Sales (P/S)6.22
P/FCF Ratio4.39K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹4,810.00Price Target Upside102.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)64.63
Revenue Forecast (FY)₹13.54B
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, Spac...
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
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.34B | 6.65B | 5.73B | 5.63B | 3.16B | 2.43B |
| Gross Profit | 2.79B | 3.23B | 2.70B | 2.94B | 2.00B | 1.63B |
| EBITDA | 1.15B | 1.21B | 1.15B | 1.70B | 997.85M | 814.82M |
| Net Income | 447.44M | 528.87M | 561.13M | 1.03B | 608.74M | 460.66M |
Balance Sheet | ||||||
| Total Assets | 11.74B | 11.30B | 10.08B | 10.63B | 7.28B | 5.86B |
| Cash, Cash Equivalents and Short-Term Investments | 180.90M | 172.79M | 508.35M | 586.98M | 1.29B | 319.04M |
| Total Debt | 1.86B | 1.77B | 1.91B | 1.43B | 958.93M | 169.77M |
| Total Liabilities | 4.30B | 4.01B | 3.31B | 4.43B | 2.08B | 1.10B |
| Stockholders Equity | 7.44B | 7.29B | 6.76B | 6.20B | 5.20B | 4.77B |
Cash Flow | ||||||
| Free Cash Flow | 131.42M | 9.41M | -367.85M | -1.01B | -1.21B | -142.18M |
| Operating Cash Flow | 397.89M | 1.01B | 573.92M | 74.07M | -298.02M | 86.10M |
| Investing Cash Flow | -255.00M | -1.03B | -556.49M | -867.15M | -1.45B | -221.45M |
| Financing Cash Flow | -136.15M | -358.37M | 252.53M | 319.91M | 540.60M | 1.80B |
MTAR Technologies Ltd. Technical Analysis
Positive
2373.50
Price Trends
3699.27
Positive
3096.78
Positive
2445.70
Positive
Market Momentum
323.77
Negative
76.85
Negative
88.11
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 3898.74, below the 50-day MA of 3699.27, and below the 200-day MA of 2445.70, indicating a bullish trend. The MACD of 323.77 indicates Negative momentum. The RSI at 76.85 is Negative, neither overbought nor oversold. The STOCH value of 88.11 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹188.50B | 53.56 | ― | ― | 18.45% | 44.13% | |
67 Neutral | ₹79.61B | 24.01 | ― | 0.59% | -0.51% | -4.93% | |
62 Neutral | ₹155.77B | -0.46 | ― | 0.51% | 4.54% | 1.65% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ₹172.59B | 63.58 | ― | ― | 22.31% | 14.98% | |
59 Neutral | ₹135.64B | 25.72 | ― | 0.43% | -0.69% | -7.23% | |
58 Neutral | ₹3.00B | 14.28 | ― | ― | -29.45% | -79.16% |
* Technology Sector Average
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MTAR Technologies Ltd. Corporate Events
MTAR Technologies Publishes Postal Ballot Notice, Invites E-Voting on Key Resolutions
Feb 20, 2026
MTAR Technologies has notified the stock exchanges that it has published a postal ballot notice to seek shareholder approval on a set of corporate resolutions through electronic voting. The notice, dated 18 February 2026, was advertised in the Fin...
MTAR Technologies Publishes Q3 & Nine-Month FY26 Earnings Call Transcript
Feb 5, 2026
MTAR Technologies Limited has disclosed that it conducted its Q3 and nine-month FY26 earnings conference call on 30 January 2026 and has made the full call transcript available to investors and the public through stock exchange filings and its cor...
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.