Jan 19, 2022 01:29 PM
|Jul 22, 2021||Dividend||30|
MTAR Technologies is a nuclear and space equipment manufacturer registered in Hyderabad (Telangana) on 11th November 1999, having a market capitalization worth INR 4,093.95 Crores as of 13th August 2021. The company's IPO is listed in March 2021/ The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 543270 and scrip code MTARTECHEQ. As of 14th August 2021, MTAR Limited is trading at INR 1,327.60.
MTAR Technologies is a leading precision-engineering solutions company engaged in manufacturing mission-critical precision components with close tolerance. The company has seven manufacturing facilities in Hyderabad, Telangana. It also has various specific processing facilities under one roof that are considered among the best in India and Asia. Some of the clients are ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, among others. The company has a focus on the clean-energy sector. Besides, the company is also a key supplier of mission-critical assemblies and components to the Defense Research and Development Organization (DRDO) and the Indian Space Research Organization (ISRO). As of 30th November 2020, MTAR Technologies has significantly expanded its product portfolio, including critical assemblies, i.e. Liquid propulsion engines to GSLV Mark III, Base Shroud Assembly & Airframes for Agni Programs, Actuators for LCA, power units for fuel cells, Fuel machining head, Bridge & Column, Drive Mechanisms, Thimble Package, etc. Currently, the firm undertakes precision machining, assembly, specialized fabrication.
The 'Make in India' and 'Atmanirbhar Bharat' initiatives, as well as an import prohibition on some defence equipment, have paved the ground for the Indian defence industry to flourish. As of 31st December 2020, the company had an aggregate order book of INR 336.1 Crores. Out of this, INR 80.1 Crores, 93.1 Crores, and 160.6 Crores were from the clean-energy, nuclear, and space and defence sectors, respectively. MTAR Technologies derived around 50 percent of its revenue in the nine months ending 31st December 2020 from Bloom Energy. Nuclear Power Corporation of India Ltd. (NPCIL) is another major customer. Customers from the nuclear segment accounted for 27 percent of its revenues as of 31st December 2020.
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|Face Value Equity Shares||:||10|
|Market Lot Equity Shares||:||1|
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