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MTAR Technologies Ltd.
(MTARTECH)
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Rating:50Neutral
Price Target:
₹6,946.00
▲(<0.01% Upside)
Action:Reiterated
Date:07/21/26
The score is held back primarily by weak technical momentum (price below key moving averages and strongly negative MACD) and stretched valuation (P/E ~187.8). Financial performance is a partial offset due to strong revenue growth and profitability, but margin volatility, inconsistent cash conversion, and higher FY2026 leverage keep the overall score in the mid-range.
Positive Factors
Revenue Acceleration
Sustained, multi-year revenue acceleration demonstrates growing demand for MTAR's precision manufacturing in high-barrier end markets (nuclear, space, defence). Larger program volumes improve scale economics, support capacity utilization and justify ongoing investment in specialized capabilities vital for repeat orders.
Negative Factors
Margin Volatility
Large swings in gross and net margins indicate earnings are sensitive to mix, pricing and input costs. For long-duration contracts in regulated sectors, margin unpredictability can strain profitability on fixed-price projects and complicate long-term pricing, budgeting, and capital allocation decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Acceleration
Sustained, multi-year revenue acceleration demonstrates growing demand for MTAR's precision manufacturing in high-barrier end markets (nuclear, space, defence). Larger program volumes improve scale economics, support capacity utilization and justify ongoing investment in specialized capabilities vital for repeat orders.
Read all positive factors
MTAR Technologies Ltd. (MTARTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹175.77B
Dividend YieldN/A
Average Volume (3M)61.41K
Price to Earnings (P/E)132.0
Beta (1Y)1.35
Revenue Growth53.39%
EPS Growth125.14%
CountryIN
Employees1,111
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)43.39
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)83.13
Revenue Forecast (FY)₹16.44B
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
MTAR Technologies makes money primarily by manufacturing and supplying precision-engineered components, assemblies, and sub-systems to customers in nuclear/clean energy, aerospace/space, and defence. Its revenue model is largely project- and order...
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 | 10.76B | 8.76B | 6.65B | 5.73B | 5.63B | 3.16B |
| Gross Profit | 3.42B | 2.32B | 3.23B | 2.70B | 2.94B | 2.00B |
| EBITDA | 2.47B | 1.91B | 1.21B | 1.15B | 1.70B | 997.85M |
| Net Income | 1.33B | 940.30M | 528.87M | 561.13M | 1.03B | 608.74M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 17.43B | 11.30B | 10.08B | 10.63B | 7.28B |
| Cash, Cash Equivalents and Short-Term Investments | 2.37B | 2.37B | 172.79M | 508.35M | 586.98M | 1.29B |
| Total Debt | 0.00 | 3.77B | 1.77B | 1.91B | 1.43B | 958.93M |
| Total Liabilities | -8.23B | 9.21B | 4.01B | 3.31B | 4.43B | 2.08B |
| Stockholders Equity | 8.23B | 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. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹148.07B | 39.77 | ― | 0.38% | 5.04% | -10.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹148.63B | 51.92 | ― | 0.51% | 4.54% | 1.65% | |
54 Neutral | ₹60.82B | 25.38 | ― | 0.58% | 6.14% | -4.01% | |
52 Neutral | ₹184.08B | 54.75 | ― | ― | 15.15% | 6.31% | |
50 Neutral | ₹175.77B | 131.97 | ― | ― | 53.39% | 125.14% | |
44 Neutral | ₹2.48B | -40.78 | ― | ― | -17.81% | -125.09% |
* General Sector Average
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MTAR Technologies Ltd.
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MTAR Technologies Ltd. Corporate Events
MTAR Technologies Issues Cautionary July 2026 Investor Presentation
Jul 29, 2026
MTAR Technologies Ltd. has released an investor presentation for July 2026, aimed at providing information to current and prospective stakeholders about the company. The document is explicitly positioned as informational, not as an offer or solici...
MTAR Technologies Plans Investor Meetings in Singapore to Bolster Engagement
Jul 2, 2026
MTAR Technologies has scheduled a series of analyst and institutional investor meetings to be held in Singapore from 07 July to 10 July 2026. The management will engage with investors through in-person and virtual one-on-one and group interactions...
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.