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MTAR Technologie

  • Market Cap: Small Cap
  • Industry: Engineering
  • ISIN: INE864I01014
  • NSEID: MTARTECH
  • BSEID: 543270
INR
1,322.05
33.9 (2.63%)
BSENSE

Apr 11

BSE+NSE Vol: 38.25 k

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

1,307.701,332.10

52 Week

1,152.002,200.00
Valuation
Technical
Day's Volume

CASH

38.25 k (-46.01%) Volume

Shareholding (Dec 2024)

FII

7.01%

Held by 62 FIIs

DII

23.18%

Held by 21 DIIs

Promoter

31.42%

Is MTAR Technologie technically bullish or bearish?

28-Apr-2025

MTAR Technologies currently has a mildly bearish technical outlook, despite a recent price increase. While some short-term indicators show bullish signs, the overall trend remains bearish, with a year-to-date return of -13.54%.

MTAR Technologies is currently exhibiting a mildly bearish technical outlook. While the stock price has recently increased to 1424.00 from a previous close of 1401.10, the overall trend remains mixed. The MACD indicates a mildly bullish trend on a weekly basis, but the monthly perspective leans towards bearish. The Relative Strength Index (RSI) shows no clear signals for either timeframe, and Bollinger Bands also suggest a mildly bearish stance.<BR><BR>Additionally, daily moving averages are mildly bearish, and the KST reflects a bearish trend on both weekly and monthly charts. According to Dow Theory, there is no clear trend on a weekly basis, with a mildly bearish outlook for the month. <BR><BR>In terms of longer-term performance, MTAR Technologies has struggled, with a year-to-date return of -13.54% and a one-year return of -19.77%, which contrasts with the positive returns of the Sensex. Overall, while there are some short-term bullish indicators, the prevailing sentiment leans towards bearish in the broader context.

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Are MTAR Technologie latest results good or bad?

28-Apr-2025

MTAR Technologies' latest results are mixed; while profits and sales have increased significantly, concerns arise from a decline in overall performance, rising interest costs, and decreased liquidity.

The latest results for MTAR Technologies can be viewed as mixed, with both positive and negative aspects. <BR><BR>On the positive side, the company reported a Profit Before Tax (PBT) of Rs 18.28 crore, which is a significant increase of 50% compared to the average PBT of Rs 12.19 crore from the previous four quarters. Additionally, the Profit After Tax (PAT) reached Rs 15.96 crore, reflecting a 65.7% increase over the average PAT of Rs 9.63 crore in prior quarters. Net sales also grew, reaching Rs 174.45 crore, which is a 20.4% increase from the average net sales of Rs 144.95 crore.<BR><BR>However, there are notable challenges as well. The company's overall performance score has dropped to 0 from 4 over the past three months, indicating a decline. Rising interest costs have become a concern, with interest expenses increasing to Rs 6.28 crore, a 21.24% rise quarter-on-quarter. Furthermore, cash and cash equivalents fell to Rs 12.07 crore, marking the lowest level in the last six half-yearly periods, which raises concerns about short-term liquidity. Non-operating income also peaked at Rs 3.15 crore, leading to questions about its sustainability.<BR><BR>In summary, while MTAR Technologies has shown growth in profits and sales, the decline in overall performance, rising costs, and liquidity issues suggest that the latest results are not entirely positive.

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Should I buy, sell or hold MTAR Technologie?

28-Apr-2025

Based on current analysis, it is advisable to sell MTAR Technologies shares due to poor long-term growth, a significant decline in profit after tax, and underperformance compared to peers and broader indices. Despite some positive management efficiency, the overall negative indicators suggest selling is the prudent choice.

Based on the current analysis of MTAR Technologies, it would be advisable to consider selling your shares. The company has shown poor long-term growth, with an operating profit growth rate of only 8.42% over the past five years. Recent performance indicators are concerning, including a significant decline in profit after tax (PAT) of -23.59% and a low return on capital employed (ROCE) of 8.23%. <BR><BR>Additionally, the stock is technically in a mildly bearish range, with bearish signals noted since April 2025. The valuation appears expensive relative to its ROCE, and despite trading at a discount compared to peers, the stock has underperformed significantly, with a return of -25.25% over the past year and a profit decline of -46.5%.<BR><BR>While there are some positive aspects, such as high management efficiency and a strong ability to service debt, these factors do not outweigh the overall negative performance indicators. Given the flat results and underperformance against broader indices, selling may be the most prudent course of action at this time.

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iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Poor long term growth as Operating profit has grown by an annual rate 8.42% of over the last 5 years

 
2

Flat results in Dec 24

3

Stock is technically in a Bearish range

4

With ROCE of 8, it has a Very Expensive valuation with a 4.7 Enterprise value to Capital Employed

5

Reducing Promoter Confidence

6

Consistent Underperformance against the benchmark over the last 3 years

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Engineering

stock-summary
Market cap

INR 4,067 Cr (Small Cap)

stock-summary
P/E

90.00

stock-summary
Industry P/E

28

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.25

stock-summary
Return on Equity

5.51%

stock-summary
Price to Book

5.66

Revenue and Profits (1 Year):
Net Sales:
174 Cr
(Quarterly Results - Dec 2024)
Net Profit:
16 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-21.21%
0%
-21.21%
6 Months
-26.85%
0%
-26.85%
1 Year
-29.85%
0%
-29.85%
2 Years
-21.79%
0%
-21.79%
3 Years
-25.35%
0%
-25.35%
4 Years
28.36%
0.65%
29.01%
5 Years
0%
0%
0.0%

Latest dividend: 3 per share ex-dividend date: Feb-21-2022

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
27.73%
EBIT Growth (5y)
8.42%
EBIT to Interest (avg)
8.04
Debt to EBITDA (avg)
1.23
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0.57
Tax Ratio
26.79%
Dividend Payout Ratio
0
Pledged Shares
9.86%
Institutional Holding
30.18%
ROCE (avg)
15.11%
ROE (avg)
11.34%
Valuation key factors
Factor
Value
P/E Ratio
90
Industry P/E
28
Price to Book Value
5.66
EV to EBIT
54.12
EV to EBITDA
39.40
EV to Capital Employed
4.75
EV to Sales
6.50
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
8.02%
ROE (Latest)
5.51%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
Bullish
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Non Institution

Pledged Promoter Holdings

9.8557

Mutual Funds

Held by 12 Schemes (18.4%)

FIIs

Held by 62 FIIs (7.01%)

Promoter with highest holding

K Vamshidhar Reddy (6.03%)

Highest Public shareholder

Nippon Life India Trustee Ltd-a/c Nippon India Gro (6.74%)

Individual Investors Holdings

34.36%

stock-summaryFinancial
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  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Dec'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -8.28% vs 48.28% in Sep 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -14.97% vs 323.70% in Sep 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "174.45",
          "val2": "190.19",
          "chgp": "-8.28%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "33.25",
          "val2": "36.82",
          "chgp": "-9.70%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "6.28",
          "val2": "5.18",
          "chgp": "21.24%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "15.96",
          "val2": "18.77",
          "chgp": "-14.97%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "19.30%",
          "val2": "19.68%",
          "chgp": "-0.38%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is -0.30% vs 47.06% in Sep 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is -43.14% vs -0.24% in Sep 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "318.45",
          "val2": "319.40",
          "chgp": "-0.30%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "53.43",
          "val2": "70.61",
          "chgp": "-24.33%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "9.97",
          "val2": "11.20",
          "chgp": "-10.98%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "23.20",
          "val2": "40.80",
          "chgp": "-43.14%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "17.07%",
          "val2": "22.43%",
          "chgp": "-5.36%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 12.59% vs 16.01% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -23.59% vs -29.16% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "492.90",
          "val2": "437.78",
          "chgp": "12.59%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "86.68",
          "val2": "94.47",
          "chgp": "-8.25%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "16.25",
          "val2": "16.80",
          "chgp": "-3.27%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "39.16",
          "val2": "51.25",
          "chgp": "-23.59%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "17.59%",
          "val2": "21.58%",
          "chgp": "-3.99%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 1.22% vs 78.18% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is -45.75% vs 69.90% in Mar 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "580.75",
          "val2": "573.75",
          "chgp": "1.22%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "112.70",
          "val2": "153.97",
          "chgp": "-26.80%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "22.31",
          "val2": "14.57",
          "chgp": "53.12%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "56.11",
          "val2": "103.42",
          "chgp": "-45.75%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "19.66%",
          "val2": "26.84%",
          "chgp": "-7.18%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
174.45
190.19
-8.28%
Operating Profit (PBDIT) excl Other Income
33.25
36.82
-9.70%
Interest
6.28
5.18
21.24%
Exceptional Items
0.00
0.00
Consolidate Net Profit
15.96
18.77
-14.97%
Operating Profit Margin (Excl OI)
19.30%
19.68%
-0.38%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is -8.28% vs 48.28% in Sep 2024

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Dec 2024 is -14.97% vs 323.70% in Sep 2024

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Consolidated) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
318.45
319.40
-0.30%
Operating Profit (PBDIT) excl Other Income
53.43
70.61
-24.33%
Interest
9.97
11.20
-10.98%
Exceptional Items
0.00
0.00
Consolidate Net Profit
23.20
40.80
-43.14%
Operating Profit Margin (Excl OI)
17.07%
22.43%
-5.36%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is -0.30% vs 47.06% in Sep 2023

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2024 is -43.14% vs -0.24% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
492.90
437.78
12.59%
Operating Profit (PBDIT) excl Other Income
86.68
94.47
-8.25%
Interest
16.25
16.80
-3.27%
Exceptional Items
0.00
0.00
Consolidate Net Profit
39.16
51.25
-23.59%
Operating Profit Margin (Excl OI)
17.59%
21.58%
-3.99%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is 12.59% vs 16.01% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2024 is -23.59% vs -29.16% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
580.75
573.75
1.22%
Operating Profit (PBDIT) excl Other Income
112.70
153.97
-26.80%
Interest
22.31
14.57
53.12%
Exceptional Items
0.00
0.00
Consolidate Net Profit
56.11
103.42
-45.75%
Operating Profit Margin (Excl OI)
19.66%
26.84%
-7.18%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 1.22% vs 78.18% in Mar 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2024 is -45.75% vs 69.90% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About MTAR Technologies Ltd stock-summary
stock-summary
MTAR Technologies Ltd
Small Cap
Engineering
MTAR Technologies Limited was conceived in 1969 by three founders, P. Ravinder Reddy, K. Satyanarayana Reddy and P. Jayaprakash Reddy to address the growing post-embargo engineering requirements of India. MTAR Technologies Limited incorporated as a Private Limited Company in November, 1999. The Company became a Public Limited Company effective from November, 2020 and the name of the Company was changed to MTAR Technologies Limited.
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