MTARTECHCapital Goods

Mtar Technologies Limited

Other Electrical Equipment · ISIN INE864I01014 · BSE 543270 · NSE BE · FV ₹10
Last price
₹7,060
+3.95%today
What this company does

Mtar Technologies Limited operates in Other Electrical Equipment, part of the Capital Goods sector. It booked ₹361 cr of revenue in its latest quarter (Q1 FY27) and kept 13.9% of sales as profit. It is the 5th largest of 9 Other Electrical Equipment companies we track, by market value.

The Company is engaged in the business of manufacturing high precision and heavy equipment, components, machines for sectors including nuclear, aerospace, defence, etc.
In the report:
50out of 100
Equitytale Health Score
Mixed

Healthier than 50% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 16–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
53

At close. Not part of the score.

Profitability & returns83

How much profit it earns on the money it employs

Balance sheet18

How much it owes, and whether earnings cover the interest

Cash quality68

Whether reported profit actually arrives as cash

Growth & consistency48

Whether sales and profit have grown, and how steadily

Valuation10

What today's price implies, against our models or its peers

Governance & risk68

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 130% vs last year
Profit up 365% vs last year
Strong 24% return on equity
Turns profit into real cash
Watch-outs
! 3.5% of promoter stake pledged

What if I invest in MTARTECH?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹7,060 +3.95%
latest close · 2026-09-17
1-year return
+457.5%
52-wk low ₹1,21552-wk high ₹7,945
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio108.1High
LowAverageHigh
P/B ratio26.40High
Below bookModerateHigh
EV / EBITDA59.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity24.4%Strong
WeakFairStrong ▸15%
Return on capital32.8%Strong
WeakFairStrong
Net margin13.9%Decent
ThinDecentStrong
EBITDA margin25.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.45Comfortable
LowModerateHigh ▸1
Interest cover5.3×Strong
RiskyOkayStrong ▸5×
Current ratio1.55Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹21,716 cr
Book value
₹267
EPS
₹16.33
latest quarter
Net debt
₹368 cr
owes more than its cash
Enterprise value
₹22,084 cr
EBITDA
₹372 cr
annualised
EBIT
₹333 cr
annualised
Operating margin
23.1%
Return on assets
11.5%
Earnings yield
0.93%
P/S
15.05
Sales / share
₹469.1
Tax rate
25.5%
Face value
₹10
Shares
3.1 cr
Working capital
₹401 cr
Current assets
₹1,128 cr
Current liabilities
₹727 cr
Delivery %
39.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹158₹167, midpoint ₹163

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹361 cr
Other Income₹8 cr
Total Income₹369 cr
Cost of Materials₹204 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-8 cr
Employee Benefit Expense₹47 cr
Finance Costs₹16 cr
Depreciation & Amortisation₹10 cr
Other Expenses₹33 cr
Total Expenses₹301 cr
Profit before Tax₹67 cr
Tax Expense₹17 cr
Net Profit₹50 cr
Net margin on total income13.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹197 cr53.3%
Employee benefit expense₹47 cr12.6%
Finance costs₹16 cr4.3%
Depreciation & amortisation₹10 cr2.6%
Other expenses₹33 cr8.9%
Tax expense₹17 cr4.7%
Profit for the period₹50 cr13.6%
Total income ₹369 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue278 cr306 cr361 cr
Total income280 cr322 cr369 cr
Expenses230 cr263 cr301 cr
Profit before tax46 cr60 cr67 cr
Tax11 cr15 cr17 cr
Net profit (owners' share)35 cr44 cr50 cr
Net margin (owners' share, on revenue)12.5%14.5%13.9%
EPS (₹)11.2814.4016.33
YoY (latest quarter): total income +134.5% · net profit +364.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,743 cr
Shareholder equity
₹823 cr
parent shareholders
Total debt
₹369 cr
Cash
₹99.6 L
Cash flow · H1 FY26
Operating
₹40 cr
Investing
₹-26 cr
Financing
₹-14 cr
Peer comparison
Other Electrical Equipment · by market value
CompanyPriceMarket capP/E
Apar Industries Limited₹17,801₹71,507 cr38.2
Waaree Energies Limited₹2,473₹71,136 cr20.9
Premier Energies Limited₹880₹39,948 cr21.1
Emmvee Photovoltaic Power Limited₹326₹22,536 cr14.8
Mtar Technologies Limitedthis company₹7,060₹21,716 cr108.1
Diamond Power Infrastructure Limited₹376₹19,817 cr84.7
Avalon Technologies Limited₹2,230₹14,899 cr106.8
Fujiyama Power Systems Limited₹409₹12,551 cr54.4
Waaree Renewable Technologies Limited₹811₹8,463 cr18.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹3
ex 21 Feb 2022
ActionDetailEx-date
Dividend₹3 / share21 Feb 2022
Dividend₹3 / share22 Jul 2021
Who owns it · 2026-06-30
3.5% pledged
Promoter
29.4%
FII / Foreign
24.8%
DII / Domestic
22.4%
Retail / others
23.5%
Promoter stake down 9.8% over the last 12 quarters.
Smart-money activity
Insider trades
SoldK Shalini · Promoter18,0004 Sep 26
SoldA. Manogna · Promoters13,274 · ₹4.9 cr25 Mar 26
SoldP. Srinivas Reddy · Promoters2.00 L23 Feb 26
Bulk / block deals
short · NSE6,02530 Jul 26
SoldBNP PARIBAS FINANCIAL MARKETS · NSE2.15 L @ ₹5,426.2330 Jul 26
BoughtBNP PARIBAS FINANCIAL MARKETS · NSE26,172 @ ₹5,443.8630 Jul 26
Stake changes
SoldNortheast Broking Services Limited · promoter→ 0.03% · 2,50025 Jun 26
SoldAkepati Praval Reddy · promoter→ 0.63% · 8,08924 Jun 26
SoldAkepati Praval Reddy · promoter→ 0.66% · 31,81123 Jun 26
Promoter pledges
ReleasedAditya Birla Money Limited1.05 L · 0.86% held28 Aug 26
PledgedAditya Birla Money Limited1.05 L · 0.52% held28 Aug 26
ReleasedAditya Birla Money Limited1.05 L · 0.86% held28 Aug 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 20 Mar 2026
See the official result
1
To increase the limits of borrowing by the board of directors of the Company under Section 180(1)(c) of the Companies Act, 2013
Backed by 100% of shareholders other than promotersneeded 75%
1.12 cr votes for, 564 against · 0% of mutual funds and other big investors said no
2
To seek approval under section 180(1)(a) of the Companies Act, 2013 inter alia for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company:
Backed by 100% of shareholders other than promotersneeded 75%
1.12 cr votes for, 5,825 against · 0% of mutual funds and other big investors said no
3
To consider the proposal of payment of commission upto 1% on the net profits of the company to Independent Directors
Backed by 100% of shareholders other than promotersneeded 75%
1.12 cr votes for, 6,989 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 17 named members
owning 29.4% between them · as of 2026-06-30
K VAMSHIDHAR REDDY5.71%
MITTA MADHAVI4.44%
LEELAVATHI PARVATHA REDDY4.29%
P SRINIVAS REDDY3.88%
A MANOGNA2.71%
P KALPANA REDDY2.56%
SARANYA LOKA REDDY1.63%
K SHALINI1.33%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.