StoxHBL Engineering vs MTAR Technologies: share price & financials comparison
NSE: HBLENGINE vs MTARTECH · Capital Goods · as of 13 Nov 2026
Both prices rebased to 100 at the start of the selected period.
HBL Engineering vs MTAR Technologies at a glance
HBL Engineering (HBLENGINE) has a market capitalisation of ₹22,164 Cr, against ₹18,629 Cr for MTAR Technologies (MTARTECH). Over the past year MTAR Technologies has returned +139.7%, compared with -19.6% for HBL Engineering. HBL Engineering earns a higher return on equity (14.7% vs 0.0%). HBL Engineering comes out ahead on size, valuation, profitability, financial health, momentum and technicals. Across the scored metrics below, HBL Engineering leads on 11 and MTAR Technologies on 3. On StoxGud's 10-point checklist, HBL Engineering scores 6/10 and MTAR Technologies scores 6/10.
| Metric | HBL Engineering | MTAR Technologies |
|---|---|---|
| Size | ||
| Market cap | ₹22,164 Cr | ₹18,629 Cr |
| Revenue (latest FY) | ₹3,303 Cr | ₹876 Cr |
| Net profit (latest FY) | ₹815 Cr | ₹0 Cr |
| Valuation | ||
| P/E | 60.7 | — |
| P/B | 8.91 | 22.65 |
| Profitability | ||
| Return on equity | 14.7% | 0.0% |
| Net profit margin | 12.2% | 0.0% |
| Operating margin | 25.2% | 21.1% |
| Growth | ||
| Revenue growth (YoY) | -28.7% | +130.4% |
| Revenue CAGR (multi-year) | +29.4% | +28.9% |
| Financial health | ||
| Debt to equity | 0.01 | 0.45 |
| Momentum | ||
| 1-month return | +12.2% | -21.5% |
| 1-year return | -19.6% | +139.7% |
| 3-year CAGR | +35.0% | +40.0% |
| 5-year CAGR | +73.4% | +26.1% |
| 10-year CAGR | +35.8% | — |
| Distance from 52W high | -27.2% | -27.7% |
| Technicals | ||
| RSI (14) | 57 | 43 |
| Price vs 200-day avg | +6.9% | +2.0% |
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 | HBL Engineering | 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 | 6/10 | 6/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, HBL Engineering or MTAR Technologies?
HBL Engineering has a market cap of ₹22,164 Cr and MTAR Technologies has a market cap of ₹18,629 Cr as of 13 Nov 2026.
Which gave better returns in the last year, HBL Engineering or MTAR Technologies?
MTAR Technologies did better: HBL Engineering returned -19.6% and MTAR Technologies returned +139.7% over one year.
What is the difference between HBL Engineering and MTAR Technologies?
Both are NSE-listed companies in Capital Goods. HBL Engineering is about 1.2 times the size of MTAR Technologies by market cap. In the latest financial year HBL Engineering reported revenue of ₹3,303 Cr and MTAR Technologies ₹876 Cr. Operating margin is 25.2% for HBL Engineering and 21.1% for MTAR Technologies. Debt to equity is 0.01 for HBL Engineering and 0.45 for MTAR Technologies.
Which is better, HBL Engineering or MTAR Technologies?
It depends on what you are looking for, and StoxGud does not recommend either stock. On the metrics compared above, HBL Engineering leads on 11 and MTAR Technologies on 3. HBL Engineering is ahead on size, valuation, profitability, financial health, momentum and technicals. On StoxGud's rules-based checklist HBL Engineering scores 6/10 and MTAR Technologies scores 6/10. This is information, not advice: consult a SEBI-registered adviser before investing.