MTAR Technologies

₹1792.6 2.1 | 0.1%

WEBSITE BSE:543270 NSE : MTARTECH 10 May, 16:01

Market Cap ₹5514 Cr.

Stock P/E 67.0

P/B 8.2

Current Price ₹1792.6

Book Value ₹ 218.3

Face Value 10

52W High ₹2920

Dividend Yield 0%

52W Low ₹ 1660

Edit Ratio

MTAR Technologies Research see more...

Equity Research: MTAR Technologies

Overview Inc. Year: 1999Industry: Engineering

MTAR Technologies Ltd, a precision engineering solutions organization, develops, manufactures, and sells project-vital precision assemblies and components in India and the world over. It operates thru 4 segments: Civil Nuclear Power, Space & Defence, Clean Energy, and Others. The employer offers fuels machining heads, bridges and columns, coolant channel assemblies, drive mechanisms, calandria vault pinnacle hatch cover beams and deck plate assemblies, and channel health evaluation structures, ball screws, and water lubricated bearings. It additionally presents rocket engine rotating assemblies, fundamental injector bodies, latchable collection redundant valves, pogo command modules, bent bodies, aluminium alloys, bloom energy servers, high precision shafts, and additives and assemblies for propulsion for ships. In addition, the business enterprise gives base shroud assemblies and air frames, actuators for LCA, electro-pneumatic modules, liquid propulsion engines, cryogenic engines, and power units. The company serves space,defense, nuclear, and clean energy sectors. MTAR Technologies Ltd was founded in 1969 and is based totally in Hyderabad, India.

MTAR Technologies Share Price

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Peer Comparison

MTAR Technologies Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	91	78	99	91	126	160	196	153	167	118
Other Income	3	1	2	4	5	6	5	4	1	0
Total Income	94	79	101	95	132	166	201	157	168	119
Total Expenditure	62	55	71	66	91	115	147	118	131	95
Operating Profit	32	24	30	29	40	51	54	39	37	24
Interest	1	2	3	2	3	4	6	6	5	6
Depreciation	4	4	4	4	5	5	5	6	6	6
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	27	19	24	22	33	42	43	27	26	13
Provision for Tax	8	5	4	6	8	11	12	7	5	2
Profit After Tax	19	13	20	16	25	31	31	20	20	10
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	19	13	20	16	25	31	31	20	20	10
Adjusted Earnings Per Share	6.2	4.3	6.4	5.3	8	10.2	10.1	6.6	6.7	3.4

MTAR Technologies Profit & Loss

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	184	214	246	322	574	634
Other Income	2	4	1	9	19	10
Total Income	186	218	248	331	593	645
Total Expenditure	130	156	163	228	420	491
Operating Profit	56	62	84	103	173	154
Interest	4	5	7	7	15	23
Depreciation	11	12	13	14	19	23
Exceptional Income / Expenses	1	0	0	0	0	0
Profit Before Tax	42	46	65	82	140	109
Provision for Tax	2	14	19	21	37	26
Profit After Tax	39	31	46	61	103	81
Adjustments	0	0	0	0	0	0
Profit After Adjustments	39	31	46	61	103	81
Adjusted Earnings Per Share	13.9	11.7	15	19.8	33.6	26.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	78%	39%	0%	0%
Operating Profit CAGR	68%	41%	0%	0%
PAT CAGR	69%	49%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-6%	26%	NA%	NA%
ROE Average	18%	15%	15%	15%
ROCE Average	22%	19%	19%	19%

MTAR Technologies Balance Sheet

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	235	225	477	520	620
Minority's Interest	0	0	0	0	0
Borrowings	0	0	7	26	78
Other Non-Current Liabilities	1	8	13	17	24
Total Current Liabilities	69	114	89	165	342
Total Liabilities	305	346	586	728	1063
Fixed Assets	162	155	167	196	291
Other Non-Current Assets	32	20	21	68	76
Total Current Assets	111	172	399	463	697
Total Assets	305	346	586	728	1063

MTAR Technologies Cash Flow

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	9	11	14	180	60
Cash Flow from Operating Activities	30	56	9	-30	7
Cash Flow from Investing Activities	-23	-12	-22	-145	-87
Cash Flow from Financing Activities	-6	-41	180	54	32
Net Cash Inflow / Outflow	2	3	167	-121	-47
Closing Cash & Cash Equivalent	11	14	180	60	12

MTAR Technologies Ratios

#	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	13.89	11.7	14.98	19.79	33.62
CEPS(Rs)	17.88	16.21	19.06	24.44	39.69
DPS(Rs)	0	3	6	3	0
Book NAV/Share(Rs)	83.29	84.11	154.99	168.97	201.61
Core EBITDA Margin(%)	29.25	27.12	33.71	29.32	26.84
EBIT Margin(%)	25.05	23.52	29.15	27.6	26.98
Pre Tax Margin(%)	22.62	21.3	26.31	25.53	24.44
PAT Margin (%)	21.34	14.65	18.69	18.9	18.03
Cash Profit Margin (%)	27.46	20.29	23.79	23.35	21.28
ROA(%)	12.85	9.62	9.88	9.26	11.55
ROE(%)	16.68	13.61	13.13	12.22	18.15
ROCE(%)	17.45	19.42	19.21	16.02	22.45
Receivable days	100.19	95.66	102.88	120.87	109.54
Inventory Days	81.62	99.48	131.82	154.65	177.13
Payable days	39.68	92.39	148.71	144.11	186.41
PER(x)	0	0	68.37	88.34	47.03
Price/Book(x)	0	0	6.61	10.35	7.84
Dividend Yield(%)	0	0	0.59	0.17	0
EV/Net Sales(x)	0.25	0.15	12.07	16.79	8.67
EV/Core EBITDA(x)	0.83	0.52	35.26	52.4	28.69
Net Sales Growth(%)	0	16.39	15.28	30.67	78.18
EBIT Growth(%)	0	9.28	42.84	23.72	74.18
PAT Growth(%)	0	-20.11	47.09	32.15	69.89
EPS Growth(%)	0	-15.76	27.96	32.15	69.89
Debt/Equity(x)	0.12	0.13	0.04	0.18	0.23
Current Ratio(x)	1.6	1.51	4.46	2.8	2.04
Quick Ratio(x)	1.01	0.85	3.31	1.77	0.91
Interest Cover(x)	10.32	10.58	10.26	13.37	10.63
Total Debt/Mcap(x)	0	0	0.01	0.02	0.03

MTAR Technologies Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	50.25	50.26	47.47	47.18	47.18	46.63	39.14	39.14	37.26	37.26
FII	2.9	6.19	2.3	3.18	3.79	2.51	4.52	8.81	11.02	10.57
DII	23.8	23.46	27.26	27.74	28.31	27.57	28.01	24.07	18.97	18.07
Public	23.04	20.1	22.98	21.9	20.71	23.29	28.33	27.98	32.75	34.1
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.55	1.55	1.46	1.45	1.45	1.43	1.2	1.2	1.15	1.15
FII	0.09	0.19	0.07	0.1	0.12	0.08	0.14	0.27	0.34	0.33
DII	0.73	0.72	0.84	0.85	0.87	0.85	0.86	0.74	0.58	0.56
Public	0.71	0.62	0.71	0.67	0.64	0.72	0.87	0.86	1.01	1.05
Others	0	0	0	0	0	0	0	0	0	0
Total	3.08	3.08	3.08	3.08	3.08	3.08	3.08	3.08	3.08	3.08

Pros

Company is almost debt free.

Cons

Promoter holding is low: 37.26%.
Debtor days have increased from 144.11 to 186.41days.
Stock is trading at 8.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

MTAR Technologies News

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MTAR Technologies

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MTAR Technologies Research see more...

Overview Inc. Year: 1999Industry: Engineering

MTAR Technologies Share Price

Alert Data

Quarterly Price

Peer Comparison

MTAR Technologies Quarterly Results

MTAR Technologies Profit & Loss

Growth Rates

MTAR Technologies Balance Sheet

MTAR Technologies Cash Flow

MTAR Technologies Ratios

MTAR Technologies Shareholding Pattern

MTAR Technologies News

IPO

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