MTAR Technologies Limited

NSE: MTARTECH · Aerospace & Defense

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52W Range₹2,217 – ₹8,714

Snapshot

Unlock MTAR Technologies Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

MTAR Technologies Limited is a precision engineering company that manufactures mission-critical assemblies and components for the civil nuclear, space, defence, and clean energy sectors. The company provides complex, high-precision solutions including rocket engine components, fuel machining heads, and power units.

Business Model

The company generates revenue through the design, development, and manufacturing of high-precision engineering products tailored to the stringent requirements of high-technology industries. It operates as a specialized supplier for government and private entities requiring complex, mission-critical components.

Growth Outlook

Growth is driven by increasing demand for indigenous precision engineering in India's space and defence programmes, alongside expansion in clean energy and nuclear power infrastructure. The company continues to leverage its technical expertise to secure complex manufacturing contracts in high-barrier-to-entry sectors.

Key Risks

  • Customer Concentration. The company relies on a limited number of large clients in the nuclear and space sectors, making it vulnerable to changes in government procurement policies.
  • Technological Obsolescence. Failure to keep pace with rapid advancements in aerospace and defence manufacturing technologies could erode the company's competitive advantage.
  • Project Execution Risk. The complexity of mission-critical components involves long lead times and high quality-control standards, which may lead to cost overruns or project delays.
  • Regulatory Dependency. Operations are heavily influenced by government spending and policy shifts within the strategic sectors of nuclear energy and national defence.

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Key Metrics

REVENUE

₹1,351 Cr

TTM · standalone

+108.0%YoY

NET PROFIT

₹190 Cr

TTM · standalone

+309.0%YoY

EPS

₹61.62

TTM · standalone

+308.9%YoY

RETURN ON EQUITY

22.6%

TTM · standalone

+16.4 ppYoY

RETURN ON CAPITAL EMPLOYED

30.7%

TTM · standalone

+20.5 ppYoY

P/E

105.6×

Q2 FY27 · standalone

105.6 vs 304.6x5Y avg

EV/EBITDA

59.3x

Q2 FY27 · standalone

59.3 vs 149.6x5Y avg

EBITDA MARGIN

25.6%

TTM · standalone

+7.0 ppYoY

NET PROFIT MARGIN

14.6%

Q2 FY27 · standalone

+11.2 ppYoY

DEBT TO EQUITY

0.5x

Q2 FY27 · consolidated

+0.20xYoY

Peers · Aerospace & Defense

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
MTAR Technologies LimitedMTARTECH
₹20,020 Cr105.6×59.32108.0%25.6%22.6%30.7%+155.4%
Garden Reach Shipbuilders & Engineers Ltd.GRSE
₹23,447 Cr29.3×20.6639.6%15.1%34.0%43.5%-19.9%
Data Patterns (India) Ltd.DATAPATTNS
₹21,498 Cr80.2×53.8733.8%42.3%16.5%22.2%+39.9%
Sigma Advanced SystemSIGMAADV
₹17,075 Cr97.5×74.21—27.7%53.4%44.6%—
Zen Technologies Ltd.ZENTEC
₹15,535 Cr73.5×42.134.2%43.0%12.5%16.6%+26.8%
Apollo Micro Systems LimitedAPOLLO
₹14,782 Cr103.3×52.6477.1%24.7%10.1%17.2%+43.7%

As of Q2 FY27

Financials