MTAR Technologies Limited

NSE: MTARTECH · Aerospace & Defense

52W Range₹1,784 ₹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

₹1,080 Cr

TTM · consolidated

+53.4%YoY

NET PROFIT

₹133 Cr

TTM · consolidated

+125.2%YoY

EPS

₹43.39

TTM · consolidated

+125.2%YoY

RETURN ON EQUITY

17.2%

TTM · consolidated

+9.1 ppYoY

RETURN ON CAPITAL EMPLOYED

23.5%

TTM · consolidated

+11.2 ppYoY

P/E

165.0x

Q1 FY27 · consolidated

165.0 vs 340.9x5Y avg

EV/EBITDA

86.7x

Q1 FY27 · consolidated

86.7 vs 167.1x5Y avg

EBITDA MARGIN

23.9%

TTM · consolidated

+4.3 ppYoY

NET PROFIT MARGIN

13.9%

Q1 FY27 · consolidated

+7.0 ppYoY

DEBT TO EQUITY

0.5x

Q1 FY27 · consolidated

+0.21xYoY

Peers · Aerospace & Defense

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
MTAR Technologies LimitedMTARTECH
₹22,027 Cr165.0486.7353.4%23.9%17.2%23.5%+406.4%
Garden Reach Shipbuilders & Engineers Ltd.GRSE
₹29,018 Cr36.2425.5739.6%15.1%34.0%43.5%+5.3%
Data Patterns (India) Ltd.DATAPATTNS
₹25,669 Cr95.8064.3533.8%42.3%16.5%22.2%+87.7%
Astra Microwave Products LimitedASTRAMICRO
₹16,416 Cr86.8448.024.0%30.2%15.7%22.3%+70.2%
Zen Technologies Ltd.ZENTEC
₹16,265 Cr89.8953.25-23.5%45.3%11.0%14.6%+22.1%
AequsAEQUS
₹16,242 Cr7.0%

As of Q1 FY27

Financials