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MTAR Technologies Ltd share Price Today

Company details

1,815.00
1,897.00
1,600.00
2,920.35
6M Return -17.37%
1Y Return -3.05%
Mkt Cap.(Cr) 5,729.97
Volume 1,007,647
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,007,647

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Defence company MTAR Technologies announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from Operations stood at Rs 143.0 crore in Q4FY24 as against Rs 118.4 crore in Q3FY24, 20.8% increase QoQ
  • EBITDA reported at Rs 18.2 crore in Q4FY24 as compared to Rs 23.9 crore in Q3FY24, 23.6% decrease QoQ
  • Profit Before Tax stands at Rs 7.2 crore in Q4FY24 as against Rs 12.9 crore In Q3FY24, 44.2% decrease QoQ
  • Profit After Tax was at Rs 4.9 crore in Q4FY24 as against Rs 10.4 crore in Q3FY24, 53.4% decrease QoQ

FY24 Financial Highlights:

  • Revenue from Operations stood at Rs.580.8 crore in FY24 as against Rs.573.8 crore in FY23, 1.2% increase YoY
  • EBITDA reported at Rs 112.7 crore in FY24 as compared to Rs 154.0 crore in FY23, 26.8% decrease YoY
  • Profit Before Tax stands at Rs 73.0 crore in FY24 as against Rs 140.2 crore In FY23, 47.9% decrease YoY
  • Profit After Tax was at Rs 56.1 crore in FY24 as against Rs 103.4 crore in FY23, 45.7% decrease YoY

Commenting on the results, Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, “We have registered a lower-than-estimated EBITDA in FY24 as the operating leverage was lower due to deferment of orders in Clean Energy segment and delay in execution of projects in Space vertical. The company has improved its net cash flow from operating activities in FY24 to Rs 57.4 Crs compared to Rs 7.4 Crs in FY23. We are targeting to achieve 30% - 35% YoY increase in revenues with an EBITDA of 22% /-100 bps in FY 25. Significant orders are expected shortly as we have concluded discussions with some of the major MNCs in Aerospace.”

Result PDF

View Other Company Results

MTAR Technologies Ltd shares SWOT Analysis

Strengths (6)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with Low Debt
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years

Weakness (5)

  • MFs decreased their shareholding last quarter
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining profits every quarter for the past 2 quarters

Opportunity (1)

  • High Volume, High Gain

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 1,901.5
R2 1,940.3
R3 1,983.5
Pivot

1,858.27

S1 1,819.5
S2 1,776.3
S3 1,737.5
EMA SMA
1,828.6
1,862.4
1,920.5
1,983.5
1,885.8
1,871.8
1,887.7
2,141.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-05-29 1862.85 197676 NSE
MARWADI CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED Bulk Purchase 2024-05-29 1833.48 144044 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-05-29 1863.74 197676 NSE
Name Category Shares
K VAMSHIDHAR REDDY PROMOTER 6.03%
P SRINIVAS REDDY PROMOTER 4.53%
MITTA MADHAVI PROMOTER 3.92%
A MANOGNA PROMOTER 3.86%
SARANYA LOKA REDDY PROMOTER 3.22%
P KALPANA REDDY PROMOTER 3.17%
D ANITHA REDDY PROMOTER 2.57%
K SHALINI PROMOTER 2.46%
LEELAVATHI PARVATHA REDDY PROMOTER 2.35%
USHA REDDY CHIGARAPALLI PROMOTER 2.29%
KAVITHA REDDY GANGAPATNAM PROMOTER 1.96%
ANUSHMAN REDDY PROMOTER 0.87%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

MTAR Technologies Ltd Stocks COMPARISON

Financials( in Cr) MTAR Technologies Ltd Hindustan Aeronautics Ltd Bharat Electronics Ltd Solar Industries India Ltd Cochin Shipyard Ltd
Price 1,862.80 5,200.55 309.60 9,898.15 2,122.35
% Change 2.35 1.98 2.89 1.63 5.76
Mcap Cr 5,729.97 347,799.78 226,310.76 89,568.36 55,835.00
Revenue TTM Cr 573.75 26,927.46 17,734.44 6,922.53 2,364.55
Net Profit TTM Cr 103.42 5,827.73 2,940.35 811.17 304.71
PE TTM 102.12 45.63 56.80 107.08 71.27
1 Year Return -3.05 185.81 153.56 155.65 669.66
ROCE 22.35 18.83 26.98 36.06 7.96
ROE 18.15 27.18 22.49 35.86 5.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 620.13 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,119.99 -408.46
LAST 3M 113,155.52 -36,230.77
LAST 6M 183,603.09 -15,050.11
LAST 12M 290,144.87 98,834.05

MTAR Technologies Ltd Information

Stock PE (TTM)
102.12
Promoter Holding
37.26%
Book Value
219.876
ROCE
22.35%
ROE
18.15%
Description
  • 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.

    Disclaimer- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

18 Technocrats Indl Estate, Balanagar, Hyderabad, Telangana, 500037

Tel : 91-40-44553333/23078312
Email : shubham.bagadia:mtar.in
Website : http://www.mtar.in
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543270
NSE Code : MTARTECH
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE864I01014

FAQ’s on MTAR Technologies Ltd Shares

You can buy MTAR Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy MTAR Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:59 PM the closing price of MTAR Technologies Ltd was Rs.1,862.80.

The latest PE ratio of MTAR Technologies Ltd as of Jun 14, 2024 03:59 PM is 102.12

The latest PB ratio of MTAR Technologies Ltd as of Jun 14, 2024 03:59 PM is 0.12

The 52-week high of MTAR Technologies Ltd share price is Rs. 2,920.35 while the 52-week low is Rs. 1,600.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:59 PM, the market cap of MTAR Technologies Ltd stood at Rs. 5,729.97.

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