StoxElgi Equipments vs MTAR Technologies: share price & financials comparison
NSE: ELGIEQUIP vs MTARTECH · Capital Goods · as of 06 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Elgi Equipments vs MTAR Technologies at a glance
Elgi Equipments (ELGIEQUIP) has a market capitalisation of ₹17,649 Cr, against ₹16,759 Cr for MTAR Technologies (MTARTECH). Over the past year MTAR Technologies has returned +131.6%, compared with +10.2% for Elgi Equipments. Elgi Equipments earns a higher return on equity (18.9% vs 0.0%). Elgi Equipments comes out ahead on size, valuation, profitability, financial health and technicals. MTAR Technologies comes out ahead on growth and momentum. Across the scored metrics below, Elgi Equipments leads on 8 and MTAR Technologies on 6. On StoxGud's 10-point checklist, Elgi Equipments scores 9/10 and MTAR Technologies scores 4/10.
| Metric | Elgi Equipments | MTAR Technologies |
|---|---|---|
| Size | ||
| Market cap | ₹17,649 Cr | ₹16,759 Cr |
| Revenue (latest FY) | ₹3,951 Cr | ₹876 Cr |
| Net profit (latest FY) | ₹430 Cr | ₹0 Cr |
| Valuation | ||
| P/E | 38.8 | — |
| P/B | 7.35 | 20.37 |
| Dividend yield | 0.39% | — |
| Profitability | ||
| Return on equity | 18.9% | 0.0% |
| Net profit margin | 10.5% | 0.0% |
| Operating margin | 15.3% | 21.1% |
| Growth | ||
| Revenue growth (YoY) | +17.2% | +130.4% |
| Net profit growth (YoY) | +5.7% | — |
| Revenue CAGR (multi-year) | +15.5% | +28.9% |
| Financial health | ||
| Debt to equity | 0.15 | 0.45 |
| Momentum | ||
| 1-month return | -7.5% | -30.7% |
| 1-year return | +10.2% | +131.6% |
| 3-year CAGR | +3.3% | +29.1% |
| 5-year CAGR | +22.3% | +24.5% |
| 10-year CAGR | +19.2% | — |
| Distance from 52W high | -13.3% | -34.9% |
| Technicals | ||
| RSI (14) | 46 | 25 |
| Price vs 200-day avg | +0.6% | -7.2% |
Highlighted cells lead on that metric. Market cap, revenue and RSI are shown for context and not scored.
10-point checklist side by side
| Check | Elgi Equipments | MTAR Technologies |
|---|---|---|
| Price above 50-day average | ✗ | ✗ |
| Price above 200-day average | ✓ | ✗ |
| 50-day average above 200-day (uptrend) | ✓ | ✓ |
| RSI in healthy 40–70 zone | ✓ | ✗ |
| Positive 1-year return | ✓ | ✓ |
| Return on equity above 15% | ✓ | ✗ |
| Debt to equity below 1 | ✓ | ✓ |
| Revenue growing year on year | ✓ | ✓ |
| Net profit margin above 10% | ✓ | ✗ |
| P/E below industry median | ✓ | ✗ |
| Score | 9/10 | 4/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Elgi Equipments or MTAR Technologies?
Elgi Equipments has a market cap of ₹17,649 Cr and MTAR Technologies has a market cap of ₹16,759 Cr as of 06 Nov 2026.
Which gave better returns in the last year, Elgi Equipments or MTAR Technologies?
MTAR Technologies did better: Elgi Equipments returned +10.2% and MTAR Technologies returned +131.6% over one year.
Is Elgi Equipments or MTAR Technologies a better buy?
StoxGud does not give buy or sell recommendations. On our rules-based checklist Elgi Equipments scores 9/10 and MTAR Technologies scores 4/10; compare valuation, profitability, growth and momentum above and consult a SEBI-registered adviser.