MTAR Technologies Ltd. (MTARTECH) AI Stock Analysis

• Market Cap: ₹57.82B
• Dividend Yield: N/A
• Average Volume (3M): 28.19K
• Price to Earnings (P/E): 97.5
• Beta (1Y): 1.21
• Revenue Growth: 26.57%
• EPS Growth: 47.42%
• Country: IN
• Employees: 1,111
• Sector: Technology
• Sector Strength: 88
• Industry: Industrial - Machinery
• EPS (TTM): 3.50
• Shares Outstanding: 30,759,590
• 10 Day Avg. Volume: 34,766
• 30 Day Avg. Volume: 28,186
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹1,815.00
• Price Target Upside: -5.01% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: ₹1,815.00 ▼(-5.01% Downside)

MTAR Technologies Ltd. shows strong financial performance with consistent growth and profitability, which is the most significant factor in its score. However, technical indicators suggest the stock may be overbought, and the high P/E ratio indicates potential overvaluation. These factors collectively moderate the overall score.

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 Ltd. generates revenue primarily through the manufacturing and supply of precision engineering components and assemblies to various sectors such as aerospace, defense, and clean energy. The company engages in long-term contracts with both domestic and international clients, ensuring a steady flow of income. Key revenue streams include the sale of critical components for satellites and rockets, nuclear power plant components, and clean energy systems. MTARTECH also benefits from strategic partnerships and collaborations with renowned organizations in the aerospace and defense sectors, which contribute significantly to its earnings. The company's emphasis on research and development, along with its ability to innovate and adapt to industry needs, further strengthens its revenue model.

MTAR Technologies Ltd. Financial Statement Overview

Summary

MTAR Technologies Ltd. demonstrates strong financial health with consistent revenue growth and profitability. The company maintains a solid equity base, although there are concerns about increasing debt levels and cash flow volatility. Overall, the financial performance is commendable, marked by effective management and strategic growth.

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 2023	Dec 2023	Dec 2022	Dec 2020
Income Statement
Total Revenue	6.76B	6.81B	5.74B	5.81B	3.16B	2.44B
Gross Profit	2.62B	3.39B	2.97B	2.78B	863.13M	769.82M
EBITDA	1.24B	1.26B	1.73B	1.15B	997.85M	814.82M
Net Income	528.87M	528.87M	1.03B	561.13M	608.74M	460.66M
Balance Sheet
Total Assets	11.30B	11.30B	10.63B	10.08B	7.28B	5.86B
Cash, Cash Equivalents and Short-Term Investments	169.24M	169.24M	586.98M	508.35M	818.09M	319.04M
Total Debt	1.77B	1.77B	1.43B	1.91B	958.93M	169.77M
Total Liabilities	4.01B	4.01B	4.43B	3.31B	2.08B	1.10B
Stockholders Equity	7.29B	7.29B	6.20B	6.76B	5.20B	4.77B
Cash Flow
Free Cash Flow	0.00	9.41M	-1.01B	-367.85M	-1.21B	-142.18M
Operating Cash Flow	0.00	1.01B	74.07M	573.92M	-298.02M	86.10M
Investing Cash Flow	0.00	-1.03B	-867.15M	-556.49M	-1.45B	-221.45M
Financing Cash Flow	0.00	-358.37M	319.91M	252.53M	540.60M	1.80B

MTAR Technologies Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1910.70
• 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 1910.7 is above the 20-day moving average (MA) of 1663.61, above the 50-day MA of 1561.62, and above the 200-day MA of 1534.84, indicating a bullish trend. The MACD of 110.20 indicates Negative momentum. The RSI at 75.37 is Negative, neither overbought nor oversold. The STOCH value of 86.05 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	66 Neutral	₹57.82B	97.54	―	―	26.57%	47.42%
AXISCADES	64 Neutral	₹69.65B	88.36	11.55%	―	9.02%	68.70%
APOLLO	63 Neutral	₹108.21B	149.11	9.29%	0.08%	49.19%	51.10%
OPTIEMUS	60 Neutral	₹57.96B	86.35	9.52%	―	5.40%	9.98%
AVALON	56 Neutral	₹66.26B	82.15	10.37%	―	46.95%	326.05%
STLTECH	52 Neutral	₹57.16B	-84.26	-6.18%	―	-8.29%	61.61%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

MTAR Technologies Ltd. Corporate Events

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.