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MTAR Technologies

Precision machining for nuclear, space (Vikas engines), defence + clean energy (Bloom fuel cells). Bloom concentration is the key risk; defence mix rising.

Order book · Diversifying from Bloom Energy concentration into defence

Sell / Avoid
₹5,742
Mkt cap ₹17.7K Cr
P/E
182.0x
P/B
21.5x
ROCE
15.1%
ROE
12.5%
Div yield
0.00%
52W high
₹8,715
52W low
₹1,390
Promoter
29.4%
Score bridge (derived from real data)
Fundamental
52
Valuation
14
Technical
48
Moat (curated)
62

Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.

52-week position
₹1,390now ₹5,742₹8,715
59/100
Technical rating C
Price · 2 years · SMA 50/200 · as of 2026-07-20
NeutralMACD BearishGolden cross
RSI-14
RSI-14
32
vs SMA-50
-21.8%
vs SMA-200
35.5%
1Y return
275.5%
Ann. vol
59%
Max DD 1Y
-31%
Annual trend · sales, PAT, OPM
Quarterly run-rate
Peer set · Precision Engineering
CompanyMkt capP/EOPMROCESales 3YPAT 3YD/EComposite
MTAR Technologies ◄₹17.7K Cr182.0x20%15.1%15.1%-3.0%0.46x44
Azad Engineering₹15.1K Cr114.0x37%11.9%33.8%155.9%0.31x61
Unimech Aerospace₹6.5K Cr102.0x31%11.8%36.7%39.9%0.17x64

Financial statements

Source: Screener.in
Sales 3Y CAGR
15.1%
PAT 3Y CAGR
-3.0%
OPM (latest)
20.0%
PAT margin
10.7%
D / E
0.46x
CFO / PAT
2.10x
EV / EBITDA
105.5x
FCF yield
-0.9%
Ratio history · computed per year
RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales growth YoY %—78.3%1.2%16.4%29.6%
PAT growth YoY %—68.9%-45.6%-5.4%77.4%
OPM %29%27%19%18%20%
PAT margin %18.9%17.9%9.6%7.8%10.7%
ROE % (PAT / net worth)11.7%16.6%8.3%7.3%11.4%
D / E (x)0.180.230.280.240.46
Asset turnover (x)0.440.540.580.600.50
CFO / PAT (x)-0.490.071.021.912.10
Annual P&L · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales322574581676876
Operating profit94154113121171
OPM %29%27%19%18%20%
Net profit61103565394
EPS ₹19.7933.6218.2417.1930.57
Quarterly · ₹ Cr
Sep 2024Dec 2024Mar 2025Jun 2025
Sales136278183157
OPM %13%23%19%18%
PAT4351411
Balance sheet · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity3131313131
Reserves489589646698792
Borrowings96143191177377
Total assets7281,0631,0081,1301,743
Cash flow · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating-30757101197
Investing-145-87-56-103-353
Financing543225-36155
Shareholding
Promoters
29.4%
FII
24.8%
DII
22.4%
Public
23.5%
Mkt cap
₹17.7K Cr
P/E
182.0x
52W range
₹1,390–8,715