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MTAR Technologies Ltd

MTARTECH

MTAR Technologies Ltd

MTARTECH
IndustrialsIndustrial Machinery
SmallcapWith a market cap of ₹5,496 cr, stock is ranked 763
Moderate RiskStock is 2.50x as volatile as Nifty
1,762.701.60% (-28.70)
1,762.701.60% (-28.70)

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IndustrialsIndustrial Machinery
SmallcapWith a market cap of ₹5,496 cr, stock is ranked 763
Moderate RiskStock is 2.50x as volatile as Nifty

How to use scorecard? Learn more

IndustrialsIndustrial Machinery
SmallcapWith a market cap of ₹5,496 cr, stock is ranked 763
Moderate RiskStock is 2.50x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
142.738.13
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
50.667.190.53%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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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Oct 29, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

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Financial YearFY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue218.14247.74330.76593.23586.56582.64
Raw Materialssubtract87.26101.75157.41315.62318.41484.29
Power & Fuel Costsubtract7.246.718.9513.3014.51
Employee Costsubtract51.6353.0470.7893.5196.98
Selling & Administrative Expensessubtract7.436.549.3513.0613.16
Operating & Other expensessubtract2.25-4.69-18.90-15.7124.99
Depreciation/Amortizationsubtract12.0512.5614.3118.6623.1625.68
Interest & Other Itemssubtract4.757.006.6514.5722.3121.08
Taxes & Other Itemssubtract14.2218.7721.3536.8116.9313.08
EPS11.7016.0219.7933.6218.2412.52
DPS5.006.003.000.000.000.00
Payout ratio0.430.370.150.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 25PDF
May 24PDF
Feb 10PDF
Nov 2PDF
FY 2023

Annual report

PDF

Investor Presentation

May 17PDF
Feb 9PDF
Nov 2PDF
Aug 9PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 10PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 29PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsIndustrial Machinery

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
MTAR Technologies Ltd97.968.13
Cummins India Ltd57.1214.861.07%
Thermax Limited82.6012.010.25%
AIA Engineering Ltd28.734.890.46%

Price Comparison

Compare MTARTECH with any stock or ETF
Compare MTARTECH with any stock or ETF
MTARTECH
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding36.42%13.70%3.59%7.81%38.48%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep4.52%8.81%11.02%10.57%7.75%7.81%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Nippon India Small Cap Fund - Growth - Direct Plan

Growth
3.0122%0.27%-0.01%175/234 (-77)
HDFC Defence Fund - Growth - Direct Plan

Growth
2.6767%3.57%-0.69%9/24 (-1)
Nippon India Power & Infra Fund - Growth Option - Direct Plan

Growth
1.8847%1.37%-0.01%28/56 (-2)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

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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

Interim
Interim | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Feb 21, 2022

Cash Dividend

Ex DateEx DateJul 22, 2021

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Jul 22, 2021

News & Opinions
Earnings
MTAR Technologies consolidated net profit declines 8.26% in the September 2024 quarter

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

1 month agoCapital Market - Live
Earnings
MTAR Technologies standalone net profit declines 9.84% in the September 2024 quarter

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

1 month agoCapital Market - Live
Corporate
MTAR Technologies to declare Quarterly Result

MTAR Technologies will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
MTAR Technologies receives affirmation in credit ratings from ICRA

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

2 months agoCapital Market - Live
Corporate
MTAR Technologies wins order of Rs 15.4 cr

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

2 months agoCapital Market - Live
Earnings
MTAR Technologies consolidated net profit declines 78.22% in the June 2024 quarter

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

3 months agoCapital Market - Live
Corporate
MTAR Technologies to conduct board meeting

MTAR Technologies will hold a meeting of the Board of Directors of the Company on 13 August 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
MTAR Technologies wins order worth USD 16.73 million

MTAR Technologies has received export order worth USD 16.73 million (approx. 140 crore) in Clean Energy Sector - Fuel Cells Vertical from its existing customer, Bloom Energy Corporation. Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Aerospace shares advance on Rs 1,000-cr boost for space economy by Govt

MTAR Technologies (up 1.60%), Zen Technologies (up 1.42%), Paras Defence and Space Technologies (up 0.98%), Centum Electronics (up 0.96%), Hindustan Aeronautics (up 0.15%), Apollo Micro Systems (up 0.13%) advanced. The Finance Minister stated that there will be a continued emphasis on expanding the space economy by five times over the next 10 years. To support this goal, a venture capital fund of Rs 1,000 crore will be established. Finance Minister, Nirmala Sitharaman is presenting the first Union Budget of the Modi 3.0 government and her 7th consecutive one during the Monsoon Session of Parliament. Powered by Capital Market - Live

4 months agoCapital Market - Live

Stock Of The Day: MTAR Technologies Misses FY24 Guidance, Shares Plunge — Key Levels,

6 months agoBloomberg Quint