MTAR Technologies
- Market cap
- ₹ 19,803 Cr.
- P/E
- 146x
- P/B
- 25.43x
- 52-week range
- 2,217.1 – 8,714
- ROE
- 13%
- ROCE
- 15%
- Dividend yield
- 0%
- Debt / equity
- 0.46
- Sector
- Electrical Equipment
- Industry
- Other Electrical Equipment
- Listed on
- NSE, BSE
About
MTAR Technologies Limited is an India-based engineering company. The Company is engaged in the manufacture of mission-critical precision engineered systems for clean energy, civil nuclear power, fuel cells, hydro wind, space and defense sectors. It provides manufacturing solutions such as advanced machining, specialized fabrication, assembly & testing, heat treatment, and special processes such as painting and surface treatment. Its business segments include Civilian Nuclear Power, Space, Defence & Aerospace, Clean Energy, Ball Screws & Roller Screws, and Other Segments-Marine. Its Civilian Nuclear Power segment has a product portfolio, which includes complex assemblies, such as fuel machining heads, drive mechanisms, bridge and column and coolant channel assemblies, and others. Its Space segment provides a range of mission critical assemblies to the Indian Space Research Organisation (ISRO). Its Defence & Aerospace segment offers high-precision machined and fabricated systems.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Electrical Equipment: 83 companies →MTAR Technologies against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)146 against a typical 25.2: pricier than most peers (1st = cheapest).76th of 80
- Sales growth+129.9% against a typical +32% from a year earlier.6th of 69
- Profit growth+354.5% against a typical +15.9% from a year earlier.4th of 64
- Share price, 3 months+26.7% against a typical −10.4%.9th of 74
- Size₹ 19,802.9 Cr. market value against a typical ₹ 553.8 Cr. (1st = largest).4th of 77
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]A+ /[ICRA]A1 | Stable | 7 Jul 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 7 Jul 2026 | ▲ Upgrade1 notch | [ICRA]A → [ICRA]A+ /[ICRA]A1 | — | ICRA | ₹ 1,470 Cr. | |
| 13 Oct 2025 | Reaffirmed | [ICRA]A | — | ICRA | ₹ 670 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on MTAR TechnologiesAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 29 Jul 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 29 Jan 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 5 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025, Scheme of Arrangement and other business matters |
| 5 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 22 May 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2025 and other business matters |
| 10 Feb 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2024 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 167 | 118 | 143 | 128 | 190 | 174 | 183 | 157 | 136 | 278 | 306 | 361 |
| Expenses | 130 | 95 | 125 | 112 | 154 | 141 | 149 | 128 | 119 | 214 | 244 | 276 |
| Operating Profit | 36 | 24 | 18 | 16 | 37 | 33 | 34 | 28 | 17 | 64 | 62 | 85 |
| OPM % | 22% | 20% | 13% | 13% | 19% | 19% | 19% | 18% | 13% | 23% | 20% | 24% |
| Other Income | 1 | 1 | 1 | 1 | 2 | 3 | 0 | 1 | 4 | −1 | 17 | 8 |
| Interest | 5 | 6 | 6 | 5 | 5 | 6 | 6 | 6 | 6 | 8 | 10 | 16 |
| Depreciation | 6 | 6 | 6 | 6 | 8 | 9 | 10 | 8 | 9 | 9 | 9 | 9 |
| Profit before tax | 26 | 13 | 7 | 6 | 25 | 22 | 19 | 15 | 6 | 46 | 60 | 68 |
| Tax % | 20% | 19% | 32% | 28% | 26% | 25% | 25% | 26% | 24% | 24% | 26% | 25% |
| Net Profit | 21 | 11 | 5 | 5 | 19 | 16 | 14 | 11 | 5 | 35 | 44 | 50 |
| EPS in Rs | 6.77 | 3.43 | 1.65 | 1.48 | 6.11 | 5.31 | 4.62 | 3.65 | 1.49 | 11.43 | 14.42 | 16.42 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 27%
- 5 Years
- 29%
- 3 Years
- 15%
- TTM
- 53%
- 10 Years
- 88%
- 5 Years
- 16%
- 3 Years
- −1%
- TTM
- 127%
- 10 Years
- —
- 5 Years
- 42%
- 3 Years
- 50%
- TTM
- —
- 10 Years
- 11%
- 5 Years
- 11%
- 3 Years
- 10%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| MTAR Technologies | ₹ 7,044.00 | ₹ 19,803 Cr. | 146x | 25.4x | 13% | — |
| Bharat Heavy Electricals | ₹ 387.00 | ₹ 1,34,756 Cr. | 92.4x | 5.6x | — | 6.8% |
| Suzlon Energy | ₹ 37.40 | ₹ 51,409 Cr. | 22.8x | 7.5x | 40.6% | 19% |
| Thermax | ₹ 3,095.60 | ₹ 36,999 Cr. | 73.4x | 10x | 13.7% | 6.7% |
| Voltas | ₹ 950.00 | ₹ 31,434 Cr. | 112.5x | 7x | 5.8% | 3.5% |
| AIA Engineering | ₹ 3,588.70 | ₹ 33,490 Cr. | 34.1x | 5.4x | 17% | 28.7% |
Management
- Gunneswara Rao Pusarla
- Chief Financial Officer
- Priyanka Agarwal
- Compliance Officer, Company Secretary
- Parvat Srinivas Reddy
- Managing Director, Executive Director
- Akepati Praveen Kumar Reddy
- Whole Time Director
- Anushman Reddy Mitta
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.