MTARTECH · NSE

Mtar Technologies Limited

₹7,777

-4.25% (-₹345)

Prev. close

₹8,122

Volume

12,14,098

Delivery %

21.7%

As of

24 Jun 2026

Price history

Bullish

Renu Baid Pugalia · IIFL Capital · 20 Aug 2026

Bullish on MTAR Technologies, despite cooling off from highs (trading around ₹7,044), citing the company's on-track capacity expansion and resulting jump in execution volumes, along with a large US customer buying fuel-cell-based cogeneration solutions for data centers.

Published mid-session at 10:26 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.

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Renu Baid Pugalia's call · 20 Aug 2026

Analyst sentiment

Analysts lean bullish

1 analyst stance · last 90 days · one per analyst

Trackable

1 · 1 bull / 0 neutral / 0 bear

Long-Horizon

none in window

Commentary

none in window

Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded

Bullish 100% (1)Neutral 0% (0)Bearish 0% (0)
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Analyst opinions

CallAnalystInstrumentVerdictActions
Bullish on MTAR Technologies, despite cooling off from highs (trading around ₹7,044), citing the company's on-track capa…Renu Baid PugaliaIIFL CapitalMTAR TechnologiesPENDING
Bullish on MTAR Technologies, despite cooling off from highs (trading around ₹7,044), citing the company's on-track capacity expansion and resulting jump in execution volumes, along with a large US customer buying fuel-cell-based cogeneration solutions for data centers.

This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded.

Fundamentals

About Mtar Technologies Limited

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. Further, it specializes in the design and fabrication of complex systems and sub-systems, including fuelling machine heads, bridge and column assemblies, fuel transfer systems, coolant channel assemblies, drive mechanisms, fuel locator assemblies, and sealing and shielding doors for civil nuclear reactors. It offers liquid propulsion engines, cryogenic engine sub-systems, electro-pneumatic modules, satellite valves, grid fin structures for space launch vehicles, actuation systems, gear boxes, aerostructures, valves, ball screws, and roller screws. MTAR Technologies Limited was founded in 1969 and is based in Hyderabad, India.

Details

Sector

Industrials

Industry

Specialty Industrial Machinery

CEO

Mr. Parvat Srinivas Reddy

Headquarters

Hyderabad

Employees

1,321

Website

mtar.in

Key stats

Market cap

₹21,368.69 Cr

P/E ratio (TTM)

161.0

EPS (TTM)

₹43.14

Beta (1Y · daily vs NIFTY 50)

1.48

Beta (5Y · monthly vs NIFTY 50)

1.21

Shares float

2.03 Cr

EPS · quarter ended Jun 2026

₹16.33

Financial Performance

01 · Financials

0 Cr250 Cr500 Cr750 Cr1000 Cr0%20%40%60%80%FY21FY23FY24FY25FY26
RevenueNet incomeEBITDARevenue growth YoY

FY21 growth needs FY20 filings, which the data source doesn't provide.

02 · Earnings Per Share (EPS)

010203040FY21FY22FY23FY24FY25FY26

03 · Dividend Profile

01230%0.1%0.2%0.3%0.4%22 Jul 2121 Feb 22
Dividend (₹/share)Annualised yield

Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.

04 · Operating Efficiency (Growth Rates)

Balance-sheet-based · pre-FY23 not filed in verifiable form

-100%0%100%200%FY22FY23FY24FY25FY26
SalesFixed assetsReceivables (trade + unbilled)Inventory

05 · Capital Structure & Asset Utilization

Pre-FY23 not filed in verifiable form

0 Cr500 Cr1000 Cr1500 Cr2000 Cr0.25×0.5×0.75×FY22FY23FY24FY25FY26
Total assetsTotal debtDebt / equityAsset turnover

Asset turnover needs a prior year of assets — omitted for the earliest available year.

06 · Asset Base Composition

Pre-FY23 not filed in verifiable form

0 Cr500 Cr1000 Cr1500 Cr2000 CrFY21FY22FY23FY24FY25FY26
Fixed assetsCurrent assetsOther assets

07 · Debt Level & Coverage

Pre-FY23 not filed in verifiable form

-200 Cr0 Cr200 Cr400 CrFY21FY22FY23FY24FY25FY26
DebtFree cash flowCash & equivalents

08 · Profit & Loss

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹246.43 Cr₹322.01 Cr₹573.75 Cr₹580.75 Cr₹676.00 Cr₹876.21 Cr
EBITDA₹84.39 Cr₹103.18 Cr₹173.45 Cr₹115.01 Cr₹121.10 Cr₹190.53 Cr
₹46.07 Cr₹60.87 Cr₹103.42 Cr₹56.11 Cr₹52.89 Cr₹94.03 Cr
Diluted EPS₹16.99₹19.79₹33.62₹18.24₹17.19₹30.57

09 · Balance Sheet

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹727.75 Cr₹1,063.31 Cr₹1,007.66 Cr₹1,130.28 Cr₹1,743.43 Cr
₹95.89 Cr₹143.35 Cr₹190.92 Cr₹177.26 Cr₹376.57 Cr
Stockholders' equity₹519.74 Cr₹620.13 Cr₹676.33 Cr₹728.92 Cr₹822.59 Cr

Total assets, Current assets, Inventory, Receivables (trade + unbilled), Trade receivables, Unbilled receivables (contract assets), Cash & equivalents, Non-current assets, Fixed assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt, Stockholders' equity have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.

Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.

10 · Cash Flow Statement

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹8.61 Cr₹-29.80 Cr₹7.41 Cr₹57.39 Cr₹101.25 Cr₹196.90 Cr
Investing cash flow₹-22.15 Cr₹-145.00 Cr₹-86.72 Cr₹-55.65 Cr₹-102.72 Cr₹-352.61 Cr
₹180.14 Cr₹54.06 Cr₹31.99 Cr₹25.25 Cr₹-35.84 Cr₹154.77 Cr
Capital expenditure₹-23.41 Cr₹-166.16 Cr₹-108.37 Cr₹-94.18 Cr₹-100.31 Cr₹-133.60 Cr
End cash position₹180.30 Cr₹59.56 Cr₹12.24 Cr₹39.24 Cr₹1.93 Cr₹99.60 L

Debt issued, Debt repaid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.

Annual only — the data source has no quarterly cash-flow-statement coverage.

12 · Peer Comparison

Industrials

Company
Larsen & Toubro Limited₹5.24 L Cr₹3,836.231.64.7914.7%1.15+11.8%+4.1%
Adani Ports and Special Economic Zone Limited₹4.00 L Cr₹1,82429.44.1713.3%0.66+27.1%+29.1%
Hindustan Aeronautics Limited₹3.20 L Cr₹4,800.334.37.8022.2%0.00+5.6%-1.2%
Bharat Electronics Limited₹2.82 L Cr₹395.4546.011.7525.3%0.00+15.9%-4.1%
InterGlobe Aviation Limited₹1.87 L Cr₹4,92026.87-34.3%11.15+6.6%-13.9%
ABB India Limited₹1.51 L Cr₹7,270.595.519.2821.3%0.01+8.1%+33.7%
Bharat Heavy Electricals Limited₹1.43 L Cr₹429.258.85.476.1%0.31+18.3%+83.2%
Hitachi Energy India Limited₹1.39 L Cr₹32,700121.726.8919.1%0.02+27.2%+68.7%
Cummins India Limited₹1.39 L Cr₹5,099.557.816.4227.9%0.00+16.9%+24.3%
CG Power and Industrial Solutions Limited₹1.39 L Cr₹892107.617.3915.1%0.01+25.1%+13.7%
Siemens Limited₹1.33 L Cr₹3,763.578.810.0715.9%0.01+16.2%+13.3%
Mtar Technologies Limited₹21,368.69 Cr₹7,777161.025.9811.4%0.46+30.2%+336.1%

Ranked by market cap within Industrials, same metrics as the Fundamentals screener. Click a column to sort.

Documents

Index membership

14 indices

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