MTAR Technologies Ltd. (IN:MTARTECH)
:MTARTECH
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MTAR Technologies Ltd.
(MTARTECH)
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Rating:69Neutral
Price Target:
₹4,533.00
▲(90.98% Upside)
Action:ReiteratedDate:02/04/26
The score is primarily supported by strong financial performance (growth and profitability), while the overall rating is held back by an expensive valuation (very high P/E) and overbought technical signals despite a strong uptrend.
Positive Factors
Revenue & Margin Strength
Sustained top-line growth (~18.5%) combined with healthy gross, stable net margins and strong EBIT/EBITDA indicates durable operational efficiency and pricing/premium product mix. This supports reinvestment, program execution and margin resilience across multi-quarter contract cycles.
Negative Factors
Rising Leverage
An uptick in total debt and rising leverage can constrain financial flexibility, increase interest costs and limit ability to fund large program-related capex or absorb delays. Over 2-6 months higher leverage narrows strategic options and raises refinancing risk if cash flow weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Strength
Sustained top-line growth (~18.5%) combined with healthy gross, stable net margins and strong EBIT/EBITDA indicates durable operational efficiency and pricing/premium product mix. This supports reinvestment, program execution and margin resilience across multi-quarter contract cycles.
Read all positive factors
MTAR Technologies Ltd. (MTARTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹128.01B
Dividend YieldN/A
Average Volume (3M)61.41K
Price to Earnings (P/E)53.6
Beta (1Y)1.45
Revenue Growth12.06%
EPS Growth16.16%
CountryIN
Employees1,111
SectorTechnology
Sector Strength88
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)11.30
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)64.02
Revenue Forecast (FY)₹13.42B
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 primarily by manufacturing and supplying high-precision, mission-critical components and sub-assemblies to customers in clean energy, space, defence, and aerospace. Revenue is earned through (1) product/part sales and contract...
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
3467.25
Positive
2979.41
Positive
2359.63
Positive
Market Momentum
97.35
Negative
69.35
Neutral
88.59
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 3594.55, below the 50-day MA of 3467.25, and above the 200-day MA of 2359.63, indicating a bullish trend. The MACD of 97.35 indicates Negative momentum. The RSI at 69.35 is Neutral, neither overbought nor oversold. The STOCH value of 88.59 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹128.01B | 53.56 | ― | ― | 12.06% | 16.16% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ₹83.09B | 98.55 | ― | 0.09% | 39.76% | 55.23% | |
60 Neutral | ₹69.94B | 44.93 | ― | ― | 46.80% | 201.41% | |
60 Neutral | ₹107.71B | -74.07 | ― | ― | -14.27% | 78.52% | |
59 Neutral | ₹72.96B | 50.75 | ― | ― | 11.17% | 90.62% | |
56 Neutral | ₹32.11B | 91.19 | ― | ― | -8.59% | 0.52% |
* Technology Sector Average
IN:MTARTECH
MTAR Technologies Ltd.
4,161.75
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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...
MTAR Technologies Publishes Q3 FY2025 Unaudited Results in Newspapers
Jan 31, 2026
MTAR Technologies Limited has announced that it has published its unaudited standalone and consolidated financial results for the quarter ended 31 December 2025 in newspapers, in compliance with SEBI’s Listing Obligations and Disclosure Requ...
MTAR Technologies Releases January 2026 Investor Presentation With Disclaimers on Forward-Looking Information
Jan 29, 2026
MTAR Technologies Ltd. has informed the exchange that it has released an investor presentation for January 2026, accompanied by a corporate video, for informational purposes. The company emphasizes that the materials are not an offer to sell or is...
MTAR Technologies Posts Strong Q3 FY26 Growth With Revenue Up 59% and Profit More Than Doubling
Jan 29, 2026
MTAR Technologies reported a strong third quarter for FY 2025-26, with revenue from operations rising 59.3% year-on-year to Rs 278 crore and EBITDA surging 92.5% to Rs 64 crore, reflecting robust operational performance across its clean energy, ae...
MTAR Technologies Board Clears Q3 FY26 Results, Governance Changes and Higher Borrowing Limits
Jan 29, 2026
MTAR Technologies Ltd. has announced that its board approved the unaudited standalone and consolidated financial results for the quarter ended 31 December 2025, along with the corresponding limited review reports, at a meeting held on 29 January 2...
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.