Mtar Technologies share price
NSE: MTARTECHBSE: 543270Electrical EquipmentSmall Cap
Mtar Technologies Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Mar 2021 · Issue price ₹575
Last close ₹7,158.50up ₹182.00 (2.61%)BSE ₹7,156.00
Share price at the NSE close on 29 Oct 2026. Previous close ₹6,976.50.
29 Oct: open ₹6,900.00, high ₹7,174.00, low ₹6,770.00
52-week range of traded prices to 29 Oct 2026
₹2,217.10Low, 7 Nov 2025₹8,714.00High, 19 Jun 2026
- Under NSE's long-term additional surveillance, stage III, on the list for 29 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Next results date: the board meets on 29 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹22,019 Cr423rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 165.01
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 26.77
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 17.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 16.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.45
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 2,23,41558.0% delivered
About Mtar Technologies
MTAR Technologies Limited is a precision engineering manufacturer serving civil nuclear power, space, defence and clean energy, with machining, fabrication, assembly, testing and surface treatment in its own plants.1 Its customers are government and public sector organisations, space and defence establishments, and large Indian and international equipment makers.1 It is based in Hyderabad, Telangana, and exports account for most of its revenue.23
Its products include fuelling machine heads, fuel transfer systems and coolant channel assemblies for the core of nuclear reactors; liquid propulsion engines, cryogenic engine sub-systems and electro-pneumatic modules for space launch vehicles; and actuation systems, gearboxes and aerostructures for aerospace and defence.4 It also makes assemblies for fuel cells and electrolysers for a US-based customer, draft tubes and spiral casings for hydro power, and import substitutes such as ball screws and roller screws.567 In 2026 it expanded into oil and gas and entered data centre infrastructure.8
MTAR was established in 1969 by P. Ravinder Reddy, K. Satyanarayana Reddy and P. Jayaprakash Reddy to meet India's engineering needs after an embargo; the present company was incorporated in 1999.92 It supplied a majority of the assemblies for the core of the Prototype Fast Breeder Reactor, which has since achieved criticality.6 Its wholly owned subsidiaries are Gee Pee Aerospace And Defence Private Limited and Magnatar Aero Systems Private Limited, which has not yet started operations.1011 The promoter group, which includes managing director Parvat Srinivas Reddy, held 29.35% of the shares at the end of June 2026.121314
Mtar Technologies key points
Results
- In the quarter to Jun 2026, consolidated revenue from operations was ₹360.7 crore, against ₹156.6 crore a year earlier, up 130.4%; EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹85.1 crore, against ₹28.4 crore, and profit after tax ₹50.2 crore, against ₹10.8 crore.15
- In the year to Mar 2026, consolidated revenue from operations was ₹876.2 crore, against ₹676.0 crore a year earlier, and EBITDA ₹171.2 crore, against ₹120.9 crore.16
- Consolidated net profit for the year to Mar 2026 was ₹940.30 million, against ₹528.87 million a year earlier.17
Revenue mix
- Revenue by sector, as the company's management discussion presents it, ₹ million1819The company reports as a single business segment and tracks revenue by these sectors.
Item year to Mar 2026 year to Mar 2025 Clean energy: fuel cells and others 6,146 4,169 Products and others 1,341 1,475 Aerospace and defence 1,038 932 Clean energy: civil nuclear power 236 184
Where revenue comes from
- Consolidated revenue from contracts with customers by customer location, ₹ million20All of the group's non-current assets are in India.
Item year to Mar 2026 year to Mar 2025 Outside India 7,178.89 5,317.66 India 1,475.12 1,328.80
Plants and capacity
- Phase 1 of the fuel cell capacity expansion was completed by March 2026, raising baseline capacity by about 50%.21
- The company stated in its annual report for the year to Mar 2026 that phase 2 of its fuel cell capacity expansion is planned within its new oil and gas facility by November 2026, and phase 3, a multifold increase in capacity, by March 2027.21
- The company stated in its annual report for the year to Mar 2026 that it plans capital spending of about ₹5,000 million across the years to Mar 2027 and Mar 2028, mostly on fuel cell capacity.22
Order book
- The order book (orders received but not yet delivered) was ₹5,143.3 crore on 30 Jun 2026, of which the clean energy sector covering fuel cells, hydel and others accounted for ₹3,431 crore.2324
- Orders received in the quarter to Jun 2026 were ₹2,895.1 crore, the highest the company has received in a single quarter and more than the ₹2,453.3 crore received in the whole year to Mar 2026.25
- In its exchange filing of 26 Aug 2026, the company said its civil nuclear order book was more than ₹775 crore, the highest in its history.26
Customers and partners
- Customers the company names include Nuclear Power Corporation of India (NPCIL), ISRO, DRDO, Hindustan Aeronautics, Bloom Energy, Andritz, GE Power, Voith, Rafael, Elbit, GKN Aerospace, IAI and Thales.2728
- A single customer contributed more than 10% of consolidated revenue in the year to Mar 2026: ₹6,334.19 million, against ₹4,836.99 million a year earlier.29
- As of its annual report of 5 Sep 2026, the company had delivered oil and gas first articles (initial units a customer tests to qualify a part) to Weatherford and was developing first articles of Class A components for SLB.30
- SLB has placed orders worth ₹45 crore for components and assemblies for data centre infrastructure.31
What the company expects
- The company said it expects revenue to grow about 80% in the year to Mar 2027, with an EBITDA margin of 24%, plus or minus 100 basis points (hundredths of a percentage point).32
- The company said it expects aerospace and defence revenue to double in the year to Mar 2027, largely from its existing programmes and products.33
- The company said data centre infrastructure could grow to more than ₹3.5 billion in revenue if its first articles qualify, and its new oil and gas facility could support more than ₹5 billion in revenue over the next 5 years.34
- The company said net working capital days (days of sales tied up in inventory and receivables, net of payables) were 59 in the quarter to Jun 2026, against 172 in the year to Mar 2026, targeting about 100 in the year to Mar 2027.3536
Recent events
- On 26 Aug 2026, the company received orders worth ₹126.7 crore from Nuclear Power Corporation of India for coolant channel assemblies for the refurbishment of the RAPS-4 and MAPS-2 reactors.3738
- On 30 Jul 2026, an existing customer amended a purchase order the company had disclosed on 14 May 2026, from $238.76 million (₹2,278.96 crore) to $324.62 million (about ₹3,100.09 crore).39
- On 7 Jul 2026, ICRA upgraded the credit rating (a rating agency's view of its ability to repay debt) on the company's long-term bank facilities to A+ (Stable) from A (Stable).40
- In December 2025, Megha Engineering & Infrastructures placed orders totalling ₹504 crore for the Kaiga 5 and 6 nuclear reactors.414243
Last updated
All 43 sources, each with its page
- 1. Annual report, 5 Sep 2026, page 107
- 2. Annual report, 5 Sep 2026, page 106
- 3. Annual report, 5 Sep 2026, page 5
- 4. Annual report, 5 Sep 2026, page 10
- 5. Annual report, 5 Sep 2026, page 18
- 6. Annual report, 5 Sep 2026, page 36
- 7. Annual report, 5 Sep 2026, page 10
- 8. Annual report, 5 Sep 2026, page 11
- 9. Annual report, 5 Sep 2026, page 10
- 10. Annual report, 5 Sep 2026, page 174
- 11. Annual report, 5 Sep 2026, page 186
- 12. Investor presentation, 30 Jul 2026, page 31
- 13. Annual report, 5 Sep 2026, page 154
- 14. Annual report, 5 Sep 2026, page 7
- 15. Earnings call, 30 Jul 2026, page 7
- 16. Investor presentation, 30 Jul 2026, page 25
- 17. Annual report, 5 Sep 2026, page 94
- 18. Annual report, 5 Sep 2026, page 63
- 19. Annual report, 5 Sep 2026, page 302
- 20. Annual report, 5 Sep 2026, page 302
- 21. Annual report, 5 Sep 2026, page 41
- 22. Annual report, 5 Sep 2026, page 49
- 23. Investor presentation, 30 Jul 2026, page 13
- 24. Investor presentation, 30 Jul 2026, page 9
- 25. Investor presentation, 30 Jul 2026, page 13
- 26. Exchange filing, 26 Aug 2026, page 3
- 27. Annual report, 5 Sep 2026, page 10
- 28. Annual report, 5 Sep 2026, page 63
- 29. Annual report, 5 Sep 2026, page 302
- 30. Annual report, 5 Sep 2026, page 6
- 31. Investor presentation, 30 Jul 2026, page 22
- 32. Annual report, 5 Sep 2026, page 7
- 33. Annual report, 5 Sep 2026, page 6
- 34. Annual report, 5 Sep 2026, page 49
- 35. Annual report, 5 Sep 2026, page 7
- 36. Earnings call, 30 Jul 2026, page 7
- 37. Exchange filing, 26 Aug 2026, page 3
- 38. Exchange filing, 26 Aug 2026, page 1
- 39. Exchange filing, 30 Jul 2026, page 1
- 40. Exchange filing, 7 Jul 2026, page 1
- 41. Exchange filing, 18 Dec 2025, page 3
- 42. Exchange filing, 18 Dec 2025, page 1
- 43. Exchange filing, 6 Dec 2025, page 1
Results
Consolidated; ₹ crore.Mtar Technologies half-yearly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +53.4%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +125.1%
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹876 Crup 29.62%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹94 Crup 77.79%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 10.7%
Revenue by year
Peak revenue ₹876 Cr, year to Mar 2026; lowest ₹246 Cr, year to Mar 2021
Net profit by year, a loss in red
| ₹ crore | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 246 | 322 | 574 | 581 | 676 | 876 |
| Net profit | 46 | 61 | 103 | 56 | 53 | 94 |
| Net margin | 18.7% | 18.9% | 18.0% | 9.7% | 7.8% | 10.7% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Operating Segment, which carries all its revenue.
Valuation
Today, against the company's own history.Mtar Technologies PE ratio and valuation
Price to earnings
At or below today's level on 85% of 1,168 trading days since Feb 2022.
LowestHighest
Its median89.88Industry median20.50
Price to book
At or below today's level on 96% of 1,239 trading days over the last 5 years.
LowestHighest
Its median9.46Industry median3.18
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 74% of 1,239 trading days over the last 5 years.
LowestHighest
Its median0.00%Industry median0.24%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +170.7% | +77.8% | +52.2% | 0.0% |
| 3 years | +29.9% | −3.1% | +34.1% | 0.0% |
| 5 years | +27.7% | +15.3% | +10.7% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual fund holdings
111 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 8 of the 32 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 111 funds holding Mtar Technologies
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 19
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 15
- AddedAdded. Funds that held more shares than at the end of the month before.
- 22
- CutCut. Funds that held fewer shares than at the end of the month before.
- 10
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 44
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 6
| Fund | |||
|---|---|---|---|
 Nippon India Small Cap FundNippon India Mutual Fund | 9,54,732 | 0.92% | ₹744.4 Cr |
 HDFC Defence FundHDFC Mutual Fund | 7,50,000 | 5.09% | ₹584.8 Cr |
 HSBC Small Cap FundHSBC Mutual Fund | 4,00,486 | 1.69% | ₹312.3 Cr |
 Kotak Multi Asset Allocation FundKotak Mahindra Mutual Fund | 3,81,638 | 1.95% | ₹297.6 Cr |
 Sundaram Large and MidcapSundaram Mutual Fund | 3,51,434 | 3.84% | ₹274.0 Cr |
| Nippon India Growth Mid Cap FundNippon India Mutual Fund | 3,50,000 | 0.54% | ₹272.9 Cr |
 Franklin India Small Cap FundFranklin Templeton Mutual Fund | 3,07,735 | 1.68% | ₹239.9 Cr |
 Motilal Oswal Nifty India Defence Index FundMotilal Oswal Mutual Fund | 2,93,471 | 4.21% | ₹228.8 Cr |
| Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund | 2,71,151 | 4.32% | ₹211.4 Cr |
| Sundaram Small Cap FundSundaram Mutual Fund | 2,64,884 | 5.03% | ₹206.5 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Mtar Technologies insider trading
Bought on the marketBought on the market. The value each filer stated for its purchases on the exchange, added up; gifts, transfers and pledges are not counted. A purchase filed with no value is counted under the sum, not in it. Sold on the marketSold on the market. The value each filer stated for its sales on the exchange, added up; gifts, transfers and pledges are not counted. A sale filed with no value is counted under the sum, not in it.
- Promoters and promoter group0 purchases, 17 salesNo purchase₹293 Cr3 mores with no value filedNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.−₹293 Crof the trades with a value14 pledge filings of unclear kind · 3 off-market moves
- Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Mtar Technologies competitors and peers
Other Electrical Equipment, 84 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Mtar Technologies in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Waaree EnergiesWAAREEENER | 66,678 | – | 4.16 | +75.4% | – | – | 23.1% | 0.09% |
 Apar IndustriesAPARINDS | 66,351 | 48.18 | 7.79 | +23.4% | +46.6% | 20.6% | 23.8% | 0.38% |
 Premier EnergiesPREMIERENE | 39,271 | 23.59 | 9.12 | +26.7% | – | 46.7% | 27.2% | 0.09% |
 Diamond Power InfrastructureDIACABS | 20,433 | 103.98 | – | +92.6% | +416.5% | – | 12.2% | 0.00% |
 Emmvee Photovoltaic PowerEMMVEE | 16,872 | 11.90 | 3.84 | – | – | 53.1% | 33.4% | 0.41% |
 Avalon TechnologiesAVALON | 13,796 | 103.26 | 19.12 | +44.4% | +67.1% | 20.0% | 18.5% | 0.00% |
 Fujiyama Power SystemsUTLSOLAR | 11,690 | 39.72 | 9.18 | – | – | 23.1% | 33.3% | 0.00% |
 Genus Power InfrastructuresGENUSPOWER | 8,467 | 12.99 | 3.82 | +74.2% | +62.8% | 31.9% | 20.1% | 0.18% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Mtar Technologies dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹3.00 a share, years to Mar 2021 and Mar 2022.
| Ex-date | Type | Per share |
|---|---|---|
| 21 Feb 2022 | Interim | ₹3.00 |
| 22 Jul 2021 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹3.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Mtar Technologies announcements
Oct 2026
29 Oct
29 Oct · Results
27 Oct · Analysts
24 Oct · Board meeting
Mtar Technologies share price by year
Each calendar year to 2025.Mtar Technologies share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 2,416.70 | +45.7% | 2,696.90 | 1,228.55 |
| 2024 | 1,658.25 | −24.9% | 2,221.00 | 1,507.60 |
| 2023 | 2,208.30 | +36.5% | 2,814.00 | 1,499.70 |
| 2022 | 1,617.50 | −34.3% | 2,450.90 | 1,217.95 |
| 2021 | 2,463.05 | – | 2,463.05 | 895.50 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2021 is from its first session, 15 Mar 2021.
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 6,764.00 | 7,079.00 | 6,604.00 | 6,976.50 | 6,935.45 | 1,49,735 | 57.9% |
| 27 Oct 2026 | 6,700.00 | 6,911.50 | 6,670.50 | 6,742.00 | 6,843.75 | 2,12,267 | 53.6% |
| 26 Oct 2026 | 6,137.00 | 6,667.00 | 6,137.00 | 6,582.50 | 6,252.99 | 5,01,232 | 43.0% |
| 23 Oct 2026 | 6,600.00 | 6,659.50 | 6,460.00 | 6,460.00 | 6,473.01 | 1,44,776 | 59.0% |
| 22 Oct 2026 | 6,895.50 | 6,906.50 | 6,603.50 | 6,800.00 | 6,753.94 | 1,84,045 | 59.4% |
| 21 Oct 2026 | 7,180.00 | 7,216.00 | 6,819.50 | 6,932.00 | 6,872.75 | 2,60,583 | 53.6% |
| 19 Oct 2026 | 6,990.50 | 7,224.00 | 6,801.50 | 7,178.00 | 7,021.56 | 2,08,287 | 56.7% |
| 16 Oct 2026 | 7,052.00 | 7,135.00 | 6,924.50 | 7,054.50 | 7,007.72 | 1,78,513 | – |
| 15 Oct 2026 | 7,500.00 | 7,519.00 | 7,288.50 | 7,288.50 | 7,293.90 | 2,19,465 | – |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- MTARTECH
- BSE code
- 543270
- ISIN
- INE864I01014
- Industry
- Electrical Equipment
- Website
- www.mtar.in
- CIN
- L72200TG1999PLC032836
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1999
- Registered office
- 18, Technocrats Industrial Estate, Balanagar, Hyderabad 500037, Telangana
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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