MTAR Technologies Ltd share Price

MTAR Technologies is a leading precision engineering, manufacturing, and integrator company. It supplies equipment to India’s prestigious Nuclear, Defence, Space, and Aerospace programs. It was incepted in 1999 with its headquarters in Hyderabad. During the quarter ended March 2022, the company had a consolidated total income of Rs. 101.02 crore. The consolidated net sales were worth Rs. 98.58 crore, up 42.53% Y-o-Y. The company’s market capitalisation was worth Rs. 4,012 crore on 16 June 2022.

MTAR Technologies’ share is listed on the Bombay Stock Exchange with the code 543270, and on the National Stock Exchange with the code MTARTECH.

MTAR Technologies Ltd manufactures mission-critical precision components with close tolerances (5-10 microns). The product catalogue includes critical assemblies like liquid propulsion engines to GSLV Mark III, power units for fuel cells, actuators for LCA, and thimble package, Bridge and column, drive mechanisms, fuel machining head, and more for the nuclear sector. MTAR Technologies is recognised among the top three suppliers in India, catering to the country’s nuclear, defence, and space sectors for their precision engineering requirements.

On 31 March 2022, the company’s shareholding pattern indicated a 50.26% stake with the promoters, a 21.18% stake with Domestic Institutional Investors, a 20.1% stake with the public, and an 8.25% stake with Foreign Institutional Investors. The promoter pledge holding was 2.91%. Ms K Shalini and Mr K Vamshidhar Reddy were the leading promoters, holding a 6.8% stake each.

Mr Subbu Venkata Rama Behara serves as the company’s Chairman, while Mr Parvat Srinivas Reddy is the company’s Managing Director. The company’s auditors are SR Batliboi & Associates LLP. As of 31 March 2022, the company disclosed a total of 3.08 crore shares outstanding.

MTAR Technologies’ share price on NSE on 16 June 2022 closed at Rs. 1,304.35. MTAR Technologies Ltd.’s share price on BSE closed at Rs. 1,305. MTAR’s share price today, 16 June 2022, is down by 2.89% and 2.99% on NSE and BSE, respectively, from the previous day’s closing price. The 52-week high for MTAR’s share price was Rs. 2,555.65, and the 52-week low was Rs. 956.30.

The company’s peers within the industrial machinery sector include Cummins India Ltd., Thermax Ltd., and AIA Engineering Ltd.

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