MTAR Technologies Ltd.

NSE: MTARTECH · Capital Goods

₹5,448.50-5.00%06 Nov 2026

Ask the data

Instant answers about MTAR Technologies Ltd. — computed from its filings, no language model

Market cap₹16,759 cr

Current price₹5,448.50

High / Low₹8,374 / ₹2,280

P/E—

P/B20.37

Book value₹267.4

ROE0.0%

ROCE18.3%

Debt / equity0.45

Dividend yield—

EPS (TTM)₹0.00

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	246.4	322.0	573.8	580.8	676.0	876.2
EBITDA	83.1	94.4	154.0	112.7	120.8	171.2
Operating margin	33.7%	29.3%	26.8%	19.4%	17.9%	19.5%
Interest	7.0	6.7	14.6	22.3	22.2	29.4
Depreciation	12.6	14.3	18.7	23.2	32.2	35.0
Profit before tax	64.8	82.2	140.2	73.0	71.6	126.2
Tax	18.8	21.4	36.8	18.4	18.7	32.1
Net profit	0.0	0.0	0.0	0.0	52.9	0.0
EPS ₹	16.99	19.79	33.62	18.24	17.19	30.57
Operating cash flow	—	-29.8	7.4	57.4	101.2	196.9
Capex	—	91.1	108.4	94.2	100.3	133.6
Dividend paid	—	18.5	0.0	0.0	0.0	0.0
Total assets	586.3	727.8	1,063.3	1,007.7	1,130.3	1,743.4
Equity	476.7	519.7	620.1	676.3	728.9	822.6

Quarterly performance

last 22 quarters · ₹ crore

showing latest 8 of 22 periods

	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	69.2	54.0	91.3	78.1	98.6	91.0	126.2	160.2	196.4	152.6	166.8	118.4	143.0	128.3	190.2	174.5	183.1	156.6	135.6	278.0	306.1	360.7
Operating profit	30.1	14.5	29.4	22.8	27.7	24.9	34.9	45.0	49.0	34.5	36.1	23.9	18.2	16.6	36.8	33.3	34.1	28.4	17.0	64.0	61.8	85.0
Operating margin	43.5%	26.8%	32.2%	29.2%	28.1%	27.4%	27.7%	28.1%	25.0%	22.6%	21.6%	20.2%	12.8%	13.0%	19.4%	19.1%	18.7%	18.1%	12.5%	23.0%	20.2%	23.6%
Other income	0.6	2.6	2.6	1.1	2.4	3.8	5.4	5.8	4.5	4.1	0.8	0.5	0.4	0.5	1.4	3.1	0.0	0.6	3.7	2.4	16.4	7.9
Interest	2.2	1.2	1.4	1.5	2.6	2.4	2.7	3.9	5.6	5.7	5.5	5.6	5.5	4.8	5.2	6.3	5.9	5.8	6.2	7.7	9.6	15.8
Depreciation	3.2	3.3	3.5	3.7	3.8	4.2	4.6	4.9	5.0	5.6	5.8	5.8	5.9	6.1	7.8	8.7	9.6	8.4	8.8	8.8	9.0	9.7
Profit before tax	25.2	12.6	27.1	18.7	23.8	22.2	33.0	42.0	43.0	27.3	25.7	12.9	7.2	6.2	25.3	21.4	18.6	14.8	5.7	46.1	59.5	67.4
Tax	7.2	3.8	8.1	5.4	4.0	6.0	8.3	10.6	11.9	6.9	5.2	2.4	2.3	1.8	6.5	5.5	4.9	4.0	1.4	11.4	15.3	17.2
Net profit	0.0	8.7	19.1	13.3	0.0	16.2	24.7	0.0	0.0	20.3	20.5	10.4	0.0	4.4	0.0	16.0	13.7	0.0	0.0	0.0	0.0	0.0
EPS ₹	6.65	2.83	6.20	4.32	6.44	5.27	8.03	10.22	10.10	6.61	6.65	3.40	1.58	1.44	6.10	5.19	4.46	3.52	1.38	11.28	14.40	16.33
Revenue YoY	—	—	—	—	42.5%	68.4%	38.2%	105.1%	99.2%	67.6%	32.2%	-26.1%	-27.2%	-15.9%	14.0%	47.4%	28.1%	22.1%	-28.7%	59.3%	67.2%	130.4%
Profit YoY	—	—	—	—	—	86.2%	29.6%	-100.0%	—	25.4%	-17.1%	—	—	-78.2%	-100.0%	52.7%	—	-100.0%	—	-100.0%	-100.0%	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 19 periods

	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	8.6%	7.9%	9.3%	9.7%	7.3%	6.6%	7.3%	6.2%	7.8%	7.6%	5.2%	2.1%	2.9%	4.7%	4.1%	4.0%	1.8%	0.0%	0.0%
ROCE	18.2%	14.4%	16.2%	15.4%	19.1%	20.3%	21.4%	17.4%	14.4%	11.0%	8.5%	8.2%	9.3%	10.3%	11.4%	9.1%	12.0%	13.0%	18.3%
Net margin	14.0%	12.8%	13.5%	13.8%	8.6%	7.1%	7.1%	6.0%	8.1%	8.8%	6.4%	2.6%	3.2%	5.0%	4.2%	4.6%	1.8%	0.0%	0.0%
EBITDA margin	33.1%	29.3%	29.2%	28.0%	27.9%	26.8%	25.7%	24.4%	22.6%	19.4%	17.0%	16.5%	16.5%	17.9%	18.8%	17.4%	19.1%	19.5%	21.1%
Debt / equity	0.04	0.18	0.18	0.24	0.24	0.23	0.23	0.38	0.38	0.28	0.28	0.26	0.26	0.24	0.24	0.25	0.25	0.45	0.45
Interest coverage	14.38	13.37	12.69	11.69	11.51	10.62	9.11	7.67	5.85	4.27	3.43	3.45	3.76	4.23	4.45	3.50	4.32	5.30	5.54
Asset turnover	0.50	0.44	0.49	0.46	0.56	0.54	0.60	0.63	0.59	0.58	0.55	0.55	0.61	0.60	0.62	0.55	0.64	0.50	0.62

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 11 periods

	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	26.8	30.8	30.8	30.8	30.8	30.8	30.8	30.8	30.8	30.8	30.8
Other equity / reserves	198.3	446.0	489.0	530.2	589.4	630.2	645.6	668.8	698.2	713.3	791.8
Total equity	225.1	476.7	519.7	561.0	620.1	660.9	676.3	699.5	728.9	744.0	822.6
Borrowings	29.1	17.0	95.9	134.3	143.3	249.7	190.9	183.7	177.3	183.7	369.2
Current liabilities	113.5	89.4	165.4	212.9	341.6	297.7	207.8	240.3	290.1	333.6	726.8
Non-current liabilities	7.7	20.2	42.6	79.2	101.6	107.7	123.5	110.1	111.3	96.2	194.0
Total assets	346.3	586.3	727.8	853.1	1,063.3	1,066.3	1,007.7	1,050.0	1,130.3	1,173.8	1,743.4
Property, plant & equipment	155.0	166.1	195.4	245.2	290.2	297.4	339.8	341.3	436.1	475.5	497.2
Capital work-in-progress	11.7	10.5	43.8	38.0	64.4	72.2	72.9	87.2	53.2	14.5	34.4
Investments	0.0	—	—	47.8	27.5	38.8	0.0	0.0	0.0	0.0	215.3
Inventories	75.5	102.5	170.3	243.3	386.6	382.7	347.6	323.7	346.1	451.1	500.5
Receivables	61.6	77.3	136.0	173.4	208.4	186.4	146.6	209.2	209.8	139.1	336.8
Cash & equivalents	13.6	180.3	59.5	23.0	12.2	0.5	39.2	0.4	1.9	2.6	1.0

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 7 periods

	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	56.2	8.6	-29.8	7.4	57.4	101.2	196.9
Cash from investing	-12.1	-22.1	-145.0	-86.7	-55.6	-102.7	-352.6
Cash from financing	-41.4	180.1	54.1	32.0	25.2	-35.8	154.8
Capex	11.9	22.8	91.1	108.4	94.2	100.3	133.6
Free cash flow	44.3	-14.2	-120.9	-101.0	-36.8	0.9	63.3
Dividends paid	—	8.0	18.5	0.0	0.0	0.0	0.0

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹497.2 cr29%

CWIP

₹34.4 cr2%

Investments

₹215.3 cr12%

Inventories

₹500.5 cr29%

Receivables

₹336.8 cr19%

Cash & equivalents

₹1.0 cr0%

Other assets

₹158.1 cr9%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
MTAR Technologies Ltd.	16,759	5,448.50	—	20.37	0.0%

StoxGud checklist: Neutral setup · 4/10

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

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-30.7%

6 months-18.4%

1 year+131.6%

3Y CAGR+29.1%

5Y CAGR+24.5%

10Y CAGR—

50-day avg₹7,099.37

200-day avg₹5,874.32

RSI (14)25

Compare MTAR Technologies Ltd. with

Elgi Equipments vs MTAR Technologies INOX India vs MTAR Technologies Emmvee Photovoltaic Power vs MTAR Technologies MTAR Technologies vs Finolex Cables MTAR Technologies vs BEML

FAQs

What is the share price of MTAR Technologies Ltd.?

MTAR Technologies Ltd. (MTARTECH) closed at ₹5,448.50 on NSE on 06 Nov 2026.

What is the market cap of MTAR Technologies Ltd.?

₹16,759 crore at the latest close.

How fast is MTAR Technologies Ltd. growing?

MTAR Technologies Ltd.: revenue has compounded at 15.2% a year over three years. Latest-quarter revenue is up 130.4% year on year.

How profitable is MTAR Technologies Ltd.?

On a trailing-twelve-month basis return on equity is 0.0%, return on capital employed 18.3%, operating margin 21.1%, net margin 0.0%.

How much debt does MTAR Technologies Ltd. have?

MTAR Technologies Ltd. is lightly geared: debt to equity is 0.45 with borrowings of ₹369 cr against cash of ₹1 cr (balance sheet of 2026-03-31). Operating profit covers interest 5.5 times.

Financials parsed from MTAR Technologies Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '21, annual from FY21, balance sheet from Mar '20. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.