MTAR Technologies Ltd
MTARTECHMTAR Technologies Ltd
MTARTECH
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 134.06 | 7.63 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 48.90 | 6.91 | 0.56% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
MTAR Technologies is engaged in the business of manufacturing of mission critical precision and heavy equipment, components and machines.
Investor Presentation
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Compare with peersCummins India Ltd
Thermax Limited
AIA Engineering Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 218.14 | 247.74 | 330.76 | 593.23 | 586.56 | 582.64 | ||||||
Raw Materials | 87.26 | 101.75 | 157.41 | 315.62 | 318.41 | 484.29 | ||||||
| Power & Fuel Cost | 7.24 | 6.71 | 8.95 | 13.30 | 14.51 | |||||||
| Employee Cost | 51.63 | 53.04 | 70.78 | 93.51 | 96.98 | |||||||
| Selling & Administrative Expenses | 7.43 | 6.54 | 9.35 | 13.06 | 13.16 | |||||||
| Operating & Other expenses | 2.25 | -4.69 | -18.90 | -15.71 | 24.99 | |||||||
EBITDA | 62.33 | 84.39 | 103.17 | 173.45 | 118.51 | 98.35 | ||||||
| Depreciation/Amortization | 12.05 | 12.56 | 14.31 | 18.66 | 23.16 | 25.68 | ||||||
| PBIT | 50.28 | 71.83 | 88.86 | 154.79 | 95.35 | 72.67 | ||||||
| Interest & Other Items | 4.75 | 7.00 | 6.65 | 14.57 | 22.31 | 21.08 | ||||||
| PBT | 45.53 | 64.83 | 82.21 | 140.22 | 73.04 | 51.59 | ||||||
| Taxes & Other Items | 14.22 | 18.77 | 21.35 | 36.81 | 16.93 | 13.08 | ||||||
| Net Income | 31.31 | 46.06 | 60.86 | 103.41 | 56.11 | 38.51 | ||||||
| EPS | 11.70 | 16.02 | 19.79 | 33.62 | 18.24 | 12.52 | ||||||
| DPS | 5.00 | 6.00 | 3.00 | 0.00 | 0.00 | 0.00 | ||||||
| Payout ratio | 0.43 | 0.37 | 0.15 | 0.00 | 0.00 | 0.00 |
Company Updates
Peers & Comparison
IndustrialsIndustrial Machinery
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| MTAR Technologies Ltd | 92.01 | 7.63 | — |
| Cummins India Ltd | 54.46 | 14.17 | 1.12% |
| Thermax Limited | 77.62 | 11.28 | 0.27% |
| AIA Engineering Ltd | 28.03 | 4.77 | 0.47% |
Price Comparison
Compare MTARTECH with any stock or ETFShareholdings
Promoter Holdings Trend
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding MTAR Technologies Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Nippon India Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.2070% | Percentage of the fund’s portfolio invested in the stock 0.27% | Change in the portfolio weight of the stock over the last 3 months -0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 175/234 (-77) |
HDFC Defence Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.0849% | Percentage of the fund’s portfolio invested in the stock 3.45% | Change in the portfolio weight of the stock over the last 3 months -0.61% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 9/23 (0) |
Nippon India Power & Infra Fund - Growth Option - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.9656% | Percentage of the fund’s portfolio invested in the stock 1.37% | Change in the portfolio weight of the stock over the last 3 months -0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 28/56 (-2) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateFeb 21, 2022
Dividend/Share
₹3.00
Ex DateEx Date
Feb 21, 2022
Cash Dividend
Ex DateEx DateJul 22, 2021
Dividend/Share
₹3.00
Ex DateEx Date
Jul 22, 2021
This includes Rs 191 crore of orders for various products from Bloom Energy in clean energy sector and Rs 35 crore of orders from reputed customers in aerospace including Rafael, IMI Systems, and IAI. The order value reflects the company's increasing market share in Clean Energy and Aerospace sectors,' MTAR Tech said in a statement. Furthermore, the company expects that orders worth Rs 225 crore would be executed within one year and balance orders shall be executed by April 2026. Parvat Srinivas Reddy, managing director & promoter, MTAR Technologies, said: We are optimistic about growth in clean energy and aerospace verticals. The company is expecting significant orders in both the segments going forward.' MTAR Technologies is a leading manufacturer engaged in manufacturing and development of mission critical precision engineered systems catering to clean energy ' civil nuclear power, fuel cells, hydel & others, space, and defence sectors. The company has a long-standing relationship of over four decades with leading Indian organisations and global OEMs. It has seven strategically based manufacturing units including an export-oriented unit each based in Hyderabad, Telangana. Powered by Capital Market - Live
MTAR Technologies has received Rs. 226 crore of orders in Clean Energy and Aerospace segments. This includes Rs. 191 crore of orders for various products from Bloom Energy in Clean Energy sector and Rs. 35 crore of orders from reputed customers in Aerospace including Rafael, IMI Systems, and IAI. Furthermore, Rs. 225 crore of orders are expected to be executed within one year and balance orders shall be executed by April 2026. Powered by Capital Market - Live
MTAR Technologies announced that Gangapatnam Venkata Satish Kumar Reddy (DIN: 06535717), Non-Executive Director of the Company has resigned from the Board of Directors of the Company effective from 13 December 2024.Powered by Capital Market - Live
Net profit of MTAR Technologies declined 8.26% to Rs 18.77 crore in the quarter ended September 2024 as against Rs 20.46 crore during the previous quarter ended September 2023. Sales rose 13.66% to Rs 187.08 crore in the quarter ended September 2024 as against Rs 164.60 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales187.08164.60 14 OPM %19.6821.93 - PBDT33.0931.47 5 PBT25.3125.69 -1 NP18.7720.46 -8 Powered by Capital Market - Live
Net profit of MTAR Technologies declined 9.84% to Rs 18.78 crore in the quarter ended September 2024 as against Rs 20.83 crore during the previous quarter ended September 2023. Sales rose 13.68% to Rs 187.10 crore in the quarter ended September 2024 as against Rs 164.58 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales187.10164.58 14 OPM %19.5522.01 - PBDT33.0031.78 4 PBT25.3326.13 -3 NP18.7820.83 -10 Powered by Capital Market - Live
MTAR Technologies will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live
MTAR Technologies has received reaffirmation in credit ratings from ICRA for bank facilities totalling Rs 670 crore at ICRA A; Stable/ ICRA A1. Powered by Capital Market - Live
MTAR Technologies has received Rs. 15.4 crore order from Defence Research & Development Laboratory (DRDL) for manufacturing and supply of full-scale and sub-scale combustors for the development of cutting-edge air-breathing engine technology for defence programs. The company shall execute the order by September 2025 as per the contract terms. Powered by Capital Market - Live
Net profit of MTAR Technologies declined 78.22% to Rs 4.43 crore in the quarter ended June 2024 as against Rs 20.34 crore during the previous quarter ended June 2023. Sales declined 16.31% to Rs 126.00 crore in the quarter ended June 2024 as against Rs 150.56 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales126.00150.56 -16 OPM %13.1722.93 - PBDT12.3532.90 -62 PBT6.2127.28 -77 NP4.4320.34 -78 Powered by Capital Market - Live
MTAR Technologies will hold a meeting of the Board of Directors of the Company on 13 August 2024.Powered by Capital Market - Live
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant