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MTAR develops and manufactures components and equipment for the defense, aerospace, nuclear and clean energy sectors. The company was incorporated in 1970 by the promoters, Mr PR Reddy, Mr KSN Reddy and Mr PJ Reddy, to cater to the technical and engineering needs of the Indian government in the post embargo regime. MTAR has manufacturing footprints in Hyderabad with seven units spread across a 4 km radius and a dedicated export facility as well.[1]In addition, the company also supplies specialised products such as Ball Screws, Water Lubricated Bearings, Roller Screws, Electro-Mechanical Actuation Systems, ASP assemblies etc. that find applications across diverse sectors.[2]
Business Profile[1]MTAR Technologies is a leader in critical and differentiated engineered products serving multiple high-tech industries.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Hind.Aeronautics | 4436.30 | 35.03 | 296688.65 | 0.90 | 1669.05 | 10.82 | 6628.61 | 10.92 | 33.88 | 32104.78 | 30.58 | 8469.33 | 1669.07 | 7.99 | 8.82 | 0.00 |
| 2. | Bharat Electron | 403.95 | 51.84 | 295278.52 | 0.59 | 1287.16 | 17.88 | 5792.09 | 25.78 | 38.88 | 25152.11 | 29.52 | 5695.67 | 1287.77 | 13.69 | 13.21 | 0.00 |
| 3. | Bharat Dynamics | 1483.00 | 83.10 | 54361.22 | 0.31 | 215.88 | 76.19 | 1147.03 | 110.55 | 19.66 | 4004.08 | 14.19 | 654.13 | 215.88 | 12.89 | 4.94 | 0.00 |
| 4. | Garden Reach Sh. | 2560.10 | 47.58 | 29326.46 | 0.54 | 153.79 | 57.30 | 1677.38 | 45.49 | 36.64 | 5900.30 | 9.56 | 616.41 | 153.79 | 12.77 | 5.02 | 0.01 |
| 5. | Data Pattern | 2888.50 | 69.28 | 16170.97 | 0.27 | 49.19 | 62.45 | 307.46 | 237.79 | 21.00 | 920.04 | 33.05 | 233.43 | 49.19 | 10.52 | 12.18 | 0.00 |
| 6. | Zen Technologies | 1380.10 | 50.40 | 12460.97 | 0.14 | 61.91 | -6.29 | 173.57 | -28.23 | 37.22 | 808.97 | 38.44 | 247.25 | 58.73 | 6.94 | 21.38 | 0.01 |
| 7. | Apollo Micro Sys | 270.85 | 113.53 | 9676.95 | 0.09 | 33.05 | 108.25 | 225.26 | 40.17 | 14.54 | 669.00 | 26.04 | 85.24 | 33.05 | 8.39 | 5.20 | 0.29 |
| 8. | MTAR Technologie | 2505.80 | 166.29 | 7707.74 | 0.00 | 4.59 | -75.56 | 135.59 | -28.70 | 10.51 | 649.72 | 17.41 | 46.35 | 4.59 | 10.32 | 4.95 | 0.25 |
| – | Median: 25 Co. | 760.2 | 62.36 | 4940.24 | 0.13 | 15.67 | 36.16 | 125.17 | 21.39 | 18.72 | 417.14 | 22.96 | 46.35 | 15.67 | 7.37 | 8.11 | 0.08 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 160.17 | 118.22 | 174.45 | 152.16 | 128.23 | 156.58 | 196.33 | 142.94 | 183.10 | 125.85 | 166.72 | 190.18 | 135.59 |
Expenses | 115.03 | 94.52 | 141.08 | 118.55 | 111.78 | 128.13 | 147.72 | 124.79 | 148.83 | 90.70 | 130.50 | 153.61 | 118.59 |
Operating Profit | 45.14 | 23.70 | 33.37 | 33.61 | 16.45 | 28.45 | 48.61 | 18.15 | 34.27 | 35.15 | 36.22 | 36.57 | 17.00 |
Other Income | 5.81 | 0.59 | 3.30 | 4.21 | 0.67 | 0.76 | 4.66 | 0.56 | 0.17 | 5.42 | 1.00 | 1.60 | 3.83 |
Profit before tax | 42.37 | 13.03 | 21.81 | 26.65 | 6.33 | 15.20 | 42.65 | 7.41 | 18.99 | 33.43 | 26.13 | 25.33 | 6.00 |
Tax % | 25.16% | 18.96% | 25.13% | 25.67% | 28.28% | 26.12% | 27.92% | 31.71% | 25.28% | 24.68% | 20.28% | 25.86% | 23.50% |
Net Profit | 31.72 | 10.56 | 16.33 | 19.81 | 4.54 | 11.23 | 30.74 | 5.07 | 14.20 | 25.18 | 20.83 | 18.78 | 4.59 |
EPS in Rs | 10.31 | 3.43 | 5.31 | 6.44 | 1.48 | 3.65 | 9.99 | 1.65 | 4.62 | 8.19 | 6.77 | 6.11 | 1.49 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 105 | 81 | 81 | 101 | 157 | 184 | 214 | 246 | 322 | 573 | 580 | 676 | 650 |
Expenses | 86 | 79 | 71 | 113 | 125 | 130 | 156 | 163 | 228 | 419 | 468 | 555 | 537 |
Operating Profit | 19 | 2 | 11 | -12 | 32 | 54 | 58 | 83 | 94 | 154 | 112 | 121 | 113 |
Other Income | 2 | 3 | 1 | 1 | 1 | 4 | 4 | 1 | 9 | 20 | 6 | 6 | 8 |
Interest | 9 | 8 | 7 | 5 | 4 | 4 | 5 | 7 | 7 | 14 | 22 | 22 | 24 |
Depreciation | 10 | 5 | 5 | 5 | 11 | 11 | 12 | 13 | 14 | 18 | 23 | 32 | 35 |
Profit before tax | 3 | -7 | -1 | -22 | 17 | 42 | 46 | 65 | 82 | 141 | 73 | 72 | 62 |
Net Profit | 2 | -5 | 0 | -15 | 5 | 39 | 31 | 46 | 61 | 104 | 56 | 54 | 46 |
EPS in Rs | 0.64 | -1.64 | 0.06 | -5.34 | 1.92 | 13.89 | 11.70 | 14.98 | 19.79 | 33.84 | 18.29 | 17.51 | 15.07 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 22% | 43% | 40% | 15% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 28 | 28 | 28 | 28 | 28 | 28 | 27 | 31 | 31 | 31 | 31 | 31 | 31 |
Reserves | 185 | 180 | 181 | 166 | 177 | 207 | 198 | 446 | 489 | 590 | 646 | 700 | 716 |
Borrowings | 44 | 49 | 26 | 29 | 20 | 29 | 29 | 17 | 96 | 143 | 190 | 177 | 186 |
Other Liabilities | 73 | 48 | 38 | 71 | 56 | 41 | 92 | 93 | 112 | 299 | 139 | 220 | 241 |
Total Liabilities | 330 | 306 | 273 | 294 | 281 | 305 | 346 | 586 | 728 | 1,063 | 1,006 | 1,128 | 1,174 |
Fixed Assets | 151 | 145 | 146 | 148 | 152 | 162 | 155 | 167 | 196 | 282 | 332 | 425 | 475 |
Gross Block | 204.70 | 203.11 | 208.73 | 215.95 | 179.81 | 197.83 | 202.79 | 227.31 | 270.95 | 371.41 | 442.12 | 566.11 | – |
Accumulated Depreciation | 53.35 | 57.71 | 62.96 | 67.71 | 27.58 | 35.64 | 47.69 | 60.25 | 74.56 | 89.10 | 110.18 | 141.21 | – |
CWIP | 7 | 8 | 8 | 8 | 2 | 6 | 12 | 11 | 44 | 63 | 68 | 53 | 12 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 62 | 34 | 7 | 7 | 7 |
Other Assets | 171 | 152 | 119 | 138 | 127 | 137 | 179 | 409 | 425 | 683 | 600 | 643 | 681 |
Total Assets | 330 | 306 | 273 | 294 | 281 | 305 | 346 | 586 | 728 | 1,063 | 1,006 | 1,128 | 1,174 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | – | – | – | – | 14 | 42 | 56 | 9 | -30 | 9 | 55 | 102 |
Cash from Investing Activity | – | – | – | – | -1 | -33 | -12 | -22 | -145 | -88 | -54 | -104 |
Cash from Financing Activity | – | – | – | – | -14 | -7 | -41 | 180 | 54 | 32 | 25 | -35 |
Net Cash Flow | – | – | – | – | -1 | 2 | 3 | 167 | -121 | -47 | 27 | -37 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 56 | 71 | 88 | 140 | 114 | 100 | 105 | 114 | 154 | 132 | 92 | 113 |
Inventory Days | – | – | – | – | 269 | 240 | 382 | 467 | 535 | 524 | 421 | 369 |
Days Payable | – | – | – | – | 87 | 35 | 155 | 158 | 179 | 296 | 74 | 112 |
Cash Conversion Cycle | 56 | 71 | 88 | 140 | 296 | 305 | 332 | 423 | 510 | 360 | 438 | 370 |
Working Capital Days | 300 | 418 | 331 | 177 | 132 | 114 | 59 | 175 | 191 | 189 | 194 | 170 |
ROCE % | 4% | 0% | 2% | -7% | 10% | 18% | 19% | 19% | 16% | 22% | 11% | 11% |
Direct from BSE filings, auto-summarised
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