MTAR Technologies Limited
₹6,837.20-₹318.80 (-4.5%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹8,101 Cr
- P/E
- 175.0x
- EV / EBITDA
- 69.2x
- Revenue
- ₹676 Cr
- Net margin
- 9.7%
- ROCE
- 12.9%
Price chart
Technical chartScreen technicals →+177.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -12.0%
- 3M
- +25.6%
- 6M
- +6.0%
- 1Y
- +177.2%
- 5Y
- +289.8%
52-week range
Day change -₹318.80 (-4.5%) from ₹7,156 to ₹6,837 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in MTARTECH, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 22.1%
Concerns1
- Low return on equity of 8.3%
Rule-based from financial data. Not advice.
About the company
MTAR Technologies Limited manufactures and sells high precision, heavy equipment, components, and machines in India and internationally. The company offers space solutions comprising liquid propulsion engines; cryogenic engines, including turbo pumps, booster pumps, gas generators, and injector heads; and electro-pneumatic modules.
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MTAR Technologies Limited manufactures and sells high precision, heavy equipment, components, and machines in India and internationally. The company offers space solutions comprising liquid propulsion engines; cryogenic engines, including turbo pumps, booster pumps, gas generators, and injector heads; and electro-pneumatic modules. It also provides mechanical subsystems and systems integration for the defence and aerospace sectors; concaves, body slips, anchors, quick-change systems, packers, mandrels, pumps, jar components, and whipstock assemblies; and fuel machining heads, drive mechanisms, bridge and column assemblies, coolant channel assemblies, and others. In addition, the company manufactures and fabricates critical assemblies; and ball and roller screws for use in various applications, such as defence, nuclear power reactors, aerospace, medical equipment, missiles, and CNC Machines.MTAR Technologies Limited was founded in 1969 and is based in Hyderabad, India.
- Sector
- Technology
- Shares outstanding
- 3.1 Cr shares
- ISIN
- INE864I01014
- BSE code
- 543270
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹8,101 Cr
- P/E
- 175.0x
- P/B
- 10.8x
- EV / EBITDA
- 69.2x
- EV / Sales
- 14.1x
- P/S
- 14.0x
- Earnings yield
- 0.6%
- 52-week high
- ₹8,370.50
- 52-week low
- ₹2,141.00
Profitability
- Operating margin
- 19.3%
- Net margin
- 9.7%
- EBITDA margin
- 20.3%
- ROE
- 8.3%
- ROCE
- 12.9%
- ROA
- 5.6%
- Dividend payout
- 0.0%
- Tax rate
- 23.0%
- Other income, % of PBT
- 8.2%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹676 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.6%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 22.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹118 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -32.2%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -3.6%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.6%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹55.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 511.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹37.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -5.4%
Solvency and efficiency
- Current ratio
- 4.37
- Debt / Equity
- 0.28
- Debt / Assets
- 0.19
- Debt / EBITDA
- 1.61
- Interest coverage
- 5.09
- Financial leverage
- 1.49
- CFO / Net profit
- 0.98
- Cash / Market cap
- 7.4%
- Cash per share
- ₹195.09
- Asset turnover
- 0.58
- Fixed asset turnover
- 1.75
- Capital intensity
- 0.57
- Debtor days
- 92 days
- Inventory turnover
- 0.87
- Cash conversion cycle
- 438 days
Where the revenue went
Some FY2025 lines are not reported, so the ones that are appear as a table.
| Line | FY2025 |
|---|---|
| Sales | ₹676 Cr |
| Expenses | ₹555 Cr |
| Operating profit | ₹121 Cr |
| Other income | ₹6 Cr |
| Interest | ₹22 Cr |
| Depreciation | ₹32 Cr |
| Profit before tax | ₹72 Cr |
| Tax and other | ₹18 Cr |
| Net profit | ₹54 Cr |
Revenue and net profit
Revenue grew 16.6% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹246 Cr | ₹46 Cr |
| FY2022 | ₹322 Cr | ₹61 Cr |
| FY2023 | ₹573 Cr | ₹104 Cr |
| FY2024 | ₹580 Cr | ₹56 Cr |
| FY2025 | ₹676 Cr | ₹54 Cr |
Cash flows
FY2025: ₹102 Cr from operations, -₹2.00 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹9 Cr | -₹13 Cr |
| FY2022 | -₹30 Cr | -₹175 Cr |
| FY2023 | ₹9 Cr | -₹79 Cr |
| FY2024 | ₹55 Cr | ₹1 Cr |
| FY2025 | ₹102 Cr | -₹2 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹676 Cr+16.6%1Y
- Net profit
- ₹54 Cr-3.6%1Y
- Cash from operations
- ₹102 Cr
- Free cash flow
- -₹2 Cr-300.0%1Y
- Revenue CAGR, 5Y
- 22.1%
- EBITDA CAGR, 5Y
- 13.7%
- Net profit CAGR, 5Y
- 12.6%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹676 Cr | ₹121 Cr | — | ₹54 Cr | ₹102 Cr | -₹2 Cr | 7.4% | +16.6% | -3.6% |
Monthly returns
Month-by-month returns of MTARTECH across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,128 Cr |
| Equity capital | ₹31 Cr |
| Reserves | ₹700 Cr |
| Borrowings | ₹177 Cr |
| Other liabilities | ₹220 Cr |
| Assets | ₹1,128 Cr |
| Fixed assets | ₹425 Cr |
| Capital work in progress | ₹53 Cr |
| Investments | ₹7 Cr |
| Other assets | ₹643 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
MTARTECH trades at 175.0x earnings against a peer median of 52.1x (a 236% premium).
Not shown (no positive earnings and no EV / Sales): Tata Teleservices (Maharashtra) Ltd.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| MTAR Technologies LimitedMTARTECHthis companyP/E ↑ premium | ₹8,101 Cr | 175.0x | 10.8x | 8.3% | 69.2x |
| OLECTRA GREENTECH LIMITEDOLECTRA | ₹9,271 Cr | 63.6x | 8.2x | 8.1% | 54.1x |
| Tata Teleservices (Maharashtra) Ltd.TTML | ₹9,130 Cr | — | -0.5x | 6.4% | 53.6x |
| BLACK BOX LIMITEDBBOX | ₹8,803 Cr | 402.0x | 18.8x | -4.8% | 628.6x |
| C.E. Info Systems LimitedMAPMYINDIA | ₹8,564 Cr | 57.0x | 10.0x | 20.9% | 45.5x |
| RateGain Travel Technologies LimitedRATEGAIN | ₹7,819 Cr | 94.5x | 5.6x | 3.4% | 119.9x |
| Thyrocare Technologies LimitedTHYROCARE | ₹7,453 Cr | 62.0x | 14.4x | 13.8% | 52.5x |
| VA Tech Wabag LimitedWABAG | ₹7,383 Cr | 25.1x | 3.9x | 15.8% | 18.1x |
| GARWARE HI-TECH FILMS LIMITEDGRWRHITECH | ₹6,982 Cr | 21.8x | 2.9x | 9.2% | 23.9x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
MTARTECH since 1 January, against earlier years.
Historical volatility
MTARTECH's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 34.0% |
| FY2022 | 29.0% |
| FY2023 | 27.0% |
| FY2024 | 19.0% |
| FY2025 | 18.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹676 Cr |
| Costs | |
| Interest | ₹22 Cr |
| Expenses | ₹555 Cr |
| Operating profitOperating Profit | ₹121 Cr |
| Other income and charges | |
| Profit before tax | ₹72 Cr |
| Tax | |
| Net profitNet Profit | ₹54 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,128 Cr |
| Equity capitalEquity Capital | ₹31 Cr |
| Reserves | ₹700 Cr |
| Borrowings | ₹177 Cr |
| Other liabilitiesOther Liabilities | ₹220 Cr |
| AssetsTotal Assets | ₹1,128 Cr |
| Fixed assetsFixed Assets | ₹425 Cr |
| Capital work in progressCWIP | ₹53 Cr |
| Investments | ₹7 Cr |
| Other assetsOther Assets | ₹643 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹102 Cr |
| Investing cash flowCash from Investing Activity | -₹104 Cr |
| Financing cash flowCash from Financing Activity | -₹35 Cr |
| Change in cashNet Cash Flow | -₹37 Cr |
Learn while you research
Academy chapters picked for MTAR Technologies Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 175.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read