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MTAR Technologies Ltd.
(MTARTECH)
Select Model
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Rating:62Neutral
Price Target:
₹7,347.00
▲(4.08% Upside)
Action:Reiterated
Date:09/08/26
The score is anchored by solid financial performance led by strong revenue growth, but tempered by inconsistent cash conversion and higher leverage. Technicals are constructive and provide a meaningful tailwind, while the very high P/E ratio significantly drags the overall rating.
Positive Factors
Strong Revenue Growth
The sharp increase in revenue demonstrates strong demand for MTAR’s precision-engineered components and sub-systems. Continued expansion across nuclear, aerospace, space, and defence programs could support further scale, improve operating leverage, and strengthen the company’s position with established customers.
Negative Factors
Inconsistent Cash Conversion
Although free cash flow improved in FY2026, its limited conversion of reported profit and history of negative or near-zero generation indicate that earnings have not consistently become discretionary cash. This can constrain internally funded growth and increase reliance on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The sharp increase in revenue demonstrates strong demand for MTAR’s precision-engineered components and sub-systems. Continued expansion across nuclear, aerospace, space, and defence programs could support further scale, improve operating leverage, and strengthen the company’s position with established customers.
Read all positive factors
MTAR Technologies Ltd. (MTARTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹220.64B
Dividend Yield0.33%
Average Volume (3M)6.33K
Price to Earnings (P/E)159.8
Beta (1Y)1.23
Revenue Growth53.39%
EPS Growth125.14%
CountryIN
Employees1,321
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)43.39
Shares Outstanding30,759,590
10 Day Avg. Volume7,245
30 Day Avg. Volume6,325
Financial Highlights & Ratios
PEG Ratio1.46
Price to Book (P/B)12.97
Price to Sales (P/S)12.17
P/FCF Ratio301.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)80.29
Revenue Forecast (FY)₹16.45B
MTAR Technologies Ltd. Business Overview & Revenue Model
Company Description
MTAR Technologies Limited, an Indian precision engineering firm established in Hyderabad in 1969, specializes in designing, producing, and distributing essential high-precision components and assemblies for critical applications to clients both do...
How the Company Makes Money
MTAR Technologies makes money primarily by manufacturing and supplying precision-engineered components, assemblies, and sub-systems to customers in nuclear/clean energy, aerospace/space, and defence. Its revenue model is largely project- and order...
MTAR Technologies Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.76B | 8.76B | 6.65B | 5.73B | 5.63B | 3.16B |
| Gross Profit | 3.42B | 2.32B | 3.23B | 2.70B | 2.94B | 2.00B |
| EBITDA | 2.54B | 1.91B | 1.21B | 1.15B | 1.70B | 997.85M |
| Net Income | 1.33B | 940.30M | 528.87M | 561.13M | 1.03B | 608.74M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 17.43B | 11.30B | 10.08B | 10.63B | 7.28B |
| Cash, Cash Equivalents and Short-Term Investments | 2.37B | 2.37B | 172.79M | 508.35M | 586.98M | 1.29B |
| Total Debt | 0.00 | 3.77B | 1.77B | 1.91B | 1.43B | 958.93M |
| Total Liabilities | -8.23B | 9.21B | 4.01B | 3.31B | 4.43B | 2.08B |
| Stockholders Equity | 8.23B | 8.23B | 7.29B | 6.76B | 6.20B | 5.20B |
Cash Flow | ||||||
| Free Cash Flow | 131.42M | 354.10M | 9.41M | -367.85M | -1.01B | -1.21B |
| Operating Cash Flow | 397.89M | 1.69B | 1.01B | 573.92M | 74.07M | -298.02M |
| Investing Cash Flow | -255.00M | -3.54B | -1.03B | -556.49M | -867.15M | -1.45B |
| Financing Cash Flow | -136.15M | 1.84B | -358.37M | 252.53M | 319.91M | 540.60M |
MTAR Technologies Ltd. Technical Analysis
Negative
7059.00
Price Trends
7223.03
Negative
7064.93
Negative
5656.89
Positive
Market Momentum
-30.52
Positive
37.89
Neutral
19.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MTARTECH, the sentiment is Negative. The current price of 7059 is below the 20-day moving average (MA) of 7417.39, below the 50-day MA of 7223.03, and above the 200-day MA of 5656.89, indicating a neutral trend. The MACD of -30.52 indicates Positive momentum. The RSI at 37.89 is Neutral, neither overbought nor oversold. The STOCH value of 19.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MTARTECH.
MTAR Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹136.16B | 36.30 | ― | 0.41% | 5.04% | -10.39% | |
62 Neutral | ₹220.64B | 159.76 | ― | 0.33% | 53.39% | 125.14% | |
61 Neutral | ₹208.74B | 64.70 | ― | ― | 17.44% | -4.39% | |
57 Neutral | ₹66.02B | 33.64 | ― | 0.67% | 19.79% | -16.99% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹130.66B | 1.47 | ― | 0.60% | 4.63% | -4.40% | |
47 Neutral | ₹2.39B | 4.54 | ― | 1.26% | 5.17% | 340.38% |
* General Sector Average
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MTAR Technologies Ltd. Corporate Events
MTAR Technologies Issues Cautionary July 2026 Investor Presentation
Jul 29, 2026
MTAR Technologies Ltd. has released an investor presentation for July 2026, aimed at providing information to current and prospective stakeholders about the company. The document is explicitly positioned as informational, not as an offer or solici...
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.