About
MTAR Technologies Limited manufactures and sells high precision, heavy equipment, components, and machines in India and internationally. The company offers space solutions comprising liquid propulsion engines; cryogenic engines, including turbo pumps, booster pumps, gas generators, and injector heads; and electro-pneumatic modules. It also provides mechanical subsystems and systems integration for the defence and aerospace sectors; concaves, body slips, anchors, quick-change systems, packers, mandrels, pumps, jar components, and whipstock assemblies; and fuel machining heads, drive mechanisms, bridge and column assemblies, coolant channel assemblies, and others. In addition, the company manufactures and fabricates critical assemblies; and ball and roller screws for use in various applications, such as defence, nuclear power reactors, aerospace, medical equipment, missiles, and CNC Machines.MTAR Technologies Limited was founded in 1969 and is based in Hyderabad, India.
Key Metrics
as of Sep 2026Market Cap22,063 Cr
P/E162.00
Div Yield0.00 %
Book Value₹267.00
52w High₹8,715.00
52w Low₹1,400.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 361.00 | 306.00 | 278.00 | 136.00 | 157.00 | 183.00 | 174.00 | 190.00 | 128.00 | 143.00 | 118.00 | 167.00 | 152.00 |
| Expenses | 276.00 | 244.00 | 214.00 | 119.00 | 128.00 | 149.00 | 141.00 | 154.00 | 112.00 | 125.00 | 95.00 | 130.00 | 119.00 |
| Operating Profit | 85.00 | 62.00 | 64.00 | 17.00 | 28.00 | 34.00 | 33.00 | 37.00 | 16.00 | 18.00 | 24.00 | 36.00 | 34.00 |
| OPM % | 24.00 | 20.00 | 23.00 | 13.00 | 18.00 | 19.00 | 19.00 | 19.00 | 13.00 | 13.00 | 20.00 | 22.00 | 22.00 |
| Other Income | 8.00 | 17.00 | -1.00 | 4.00 | 1.00 | 0.00 | 3.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 4.00 |
| Depreciation | 9.00 | 9.00 | 9.00 | 9.00 | 8.00 | 10.00 | 9.00 | 8.00 | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 |
| Interest | 16.00 | 10.00 | 8.00 | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 | 6.00 | 6.00 | 5.00 | 6.00 |
| Profit before tax | 68.00 | 60.00 | 46.00 | 6.00 | 15.00 | 19.00 | 22.00 | 25.00 | 6.00 | 7.00 | 13.00 | 26.00 | 27.00 |
| Tax % | 25.00 | 26.00 | 24.00 | 24.00 | 26.00 | 25.00 | 25.00 | 26.00 | 28.00 | 32.00 | 19.00 | 20.00 | 26.00 |
| Net Profit | 50.00 | 44.00 | 35.00 | 5.00 | 11.00 | 14.00 | 16.00 | 19.00 | 5.00 | 5.00 | 11.00 | 21.00 | 20.00 |
| EPS in Rs | 16.42 | 14.42 | 11.43 | 1.49 | 3.65 | 4.62 | 5.31 | 6.11 | 1.48 | 1.65 | 3.43 | 6.77 | 6.44 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 876.00 | 676.00 | 580.00 | 573.00 | 322.00 | 246.00 | 214.00 | 184.00 | 157.00 | 101.00 | 81.00 | 81.00 |
| Expenses | 705.00 | 555.00 | 468.00 | 419.00 | 228.00 | 163.00 | 156.00 | 130.00 | 125.00 | 113.00 | 71.00 | 79.00 |
| Operating Profit | 171.00 | 121.00 | 112.00 | 154.00 | 94.00 | 83.00 | 58.00 | 54.00 | 32.00 | -12.00 | 11.00 | 2.00 |
| OPM % | 20.00 | 18.00 | 19.00 | 27.00 | 29.00 | 34.00 | 27.00 | 29.00 | 20.00 | -12.00 | 13.00 | 2.30 |
| Other Income | 20.00 | 6.00 | 6.00 | 20.00 | 9.00 | 1.00 | 4.00 | 4.00 | 1.00 | 1.00 | 1.00 | 3.00 |
| Interest | 29.00 | 22.00 | 22.00 | 14.00 | 7.00 | 7.00 | 5.00 | 4.00 | 4.00 | 5.00 | 7.00 | 8.00 |
| Depreciation | 34.00 | 32.00 | 23.00 | 18.00 | 14.00 | 13.00 | 12.00 | 11.00 | 11.00 | 5.00 | 5.00 | 5.00 |
| Profit before tax | 127.00 | 72.00 | 73.00 | 141.00 | 82.00 | 65.00 | 46.00 | 42.00 | 17.00 | -22.00 | -1.00 | -7.00 |
| Tax % | 25.00 | 26.00 | 23.00 | 26.00 | 26.00 | 29.00 | 31.00 | 6.00 | 68.00 | -30.00 | -133.00 | -36.00 |
| Net Profit | 95.00 | 54.00 | 56.00 | 104.00 | 61.00 | 46.00 | 31.00 | 39.00 | 5.00 | -15.00 | 0.00 | -5.00 |
| EPS in Rs | 30.99 | 17.51 | 18.29 | 33.84 | 19.79 | 14.98 | 11.70 | 13.89 | 1.92 | -5.34 | 0.06 | -1.64 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 15.00 | 40.00 | 43.00 | 22.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31.00 | 31.00 | 31.00 | 31.00 | 31.00 | 31.00 | 27.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 |
| Reserves | 795.00 | 700.00 | 646.00 | 590.00 | 489.00 | 446.00 | 198.00 | 207.00 | 177.00 | 166.00 | 181.00 | 180.00 |
| Borrowings | 377.00 | 177.00 | 190.00 | 143.00 | 96.00 | 17.00 | 29.00 | 29.00 | 20.00 | 29.00 | 26.00 | 49.00 |
| Other Liabilities | 542.00 | 220.00 | 139.00 | 299.00 | 112.00 | 93.00 | 92.00 | 41.00 | 56.00 | 71.00 | 38.00 | 48.00 |
| Total Liabilities | 1,744.00 | 1,128.00 | 1,006.00 | 1,063.00 | 728.00 | 586.00 | 346.00 | 305.00 | 281.00 | 294.00 | 273.00 | 306.00 |
| Fixed Assets | 497.00 | 425.00 | 332.00 | 282.00 | 196.00 | 167.00 | 155.00 | 162.00 | 152.00 | 148.00 | 146.00 | 145.00 |
| CWIP | 34.00 | 53.00 | 68.00 | 63.00 | 44.00 | 11.00 | 12.00 | 6.00 | 2.00 | 8.00 | 8.00 | 8.00 |
| Investments | 222.00 | 7.00 | 7.00 | 34.00 | 62.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 990.00 | 643.00 | 600.00 | 683.00 | 425.00 | 409.00 | 179.00 | 137.00 | 127.00 | 138.00 | 119.00 | 152.00 |
| Total Assets | 1,744.00 | 1,128.00 | 1,006.00 | 1,063.00 | 728.00 | 586.00 | 346.00 | 305.00 | 281.00 | 294.00 | 273.00 | 306.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 192.00 | 102.00 | 55.00 | 9.00 | -30.00 | 9.00 | 56.00 | 42.00 | 14.00 |
| Cash from Investing Activity | -347.00 | -104.00 | -54.00 | -88.00 | -145.00 | -22.00 | -12.00 | -33.00 | -1.00 |
| Cash from Financing Activity | 155.00 | -35.00 | 25.00 | 32.00 | 54.00 | 180.00 | -41.00 | -7.00 | -14.00 |
| Net Cash Flow | -1.00 | -37.00 | 27.00 | -47.00 | -121.00 | 167.00 | 3.00 | 2.00 | -1.00 |
| Free Cash Flow | 65.00 | 2.00 | -35.00 | -97.00 | -121.00 | -14.00 | 44.00 | 18.00 | 12.00 |
| CFO/OP % | 127.00 | 96.00 | 69.00 | 27.00 | -12.00 | 24.00 | 109.00 | 96.00 | 53.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 140.00 | 113.00 | 92.00 | 132.00 | 154.00 | 114.00 | 105.00 | 100.00 | 114.00 | 140.00 | 88.00 | 71.00 |
| Inventory Days | 397.00 | 369.00 | 421.00 | 524.00 | 535.00 | 467.00 | 382.00 | 240.00 | 269.00 | — | — | — |
| Days Payable | 119.00 | 112.00 | 74.00 | 296.00 | 179.00 | 158.00 | 155.00 | 35.00 | 87.00 | — | — | — |
| Cash Conversion Cycle | 419.00 | 370.00 | 438.00 | 360.00 | 510.00 | 423.00 | 332.00 | 305.00 | 296.00 | 140.00 | 88.00 | 71.00 |
| Working Capital Days | 160.00 | 170.00 | 194.00 | 189.00 | 191.00 | 175.00 | 59.00 | 114.00 | 132.00 | 177.00 | 331.00 | 418.00 |
| ROCE % | 15.00 | 11.00 | 11.00 | 22.00 | 16.00 | 19.00 | 19.00 | 18.00 | 10.00 | -7.00 | 2.00 | 0.00 |
Corporate Actions
4 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 04 Aug 2023 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2022 | — | — | — | Annual General Meeting |
| Dividend | 21 Feb 2022 | 22 Feb 2022 | — | 3.00 | |
| Dividend | 22 Jul 2021 | 23 Jul 2021 | — | 3.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update7 Jul from icra
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Rating update13 Oct 2025 from icra
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Rating update23 Sep 2024 from icra
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Rating update30 Jun 2023 from crisil
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Rating update16 Jun 2023 from icra
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Rating update4 Apr 2023 from icra