MTAR Technologies

MTAR Technologies

2,280.80
+47.00
(2.10%)
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Key Fundamentals
Add Ratio
Market Cap
6,871.10 Cr
EPS
17.19
PE Ratio
118.39
Dividend Yield
0.00 %
52 Week High
2,318.80
52 Week Low
1,155.60
PB Ratio
9.63
Debt to Equity
0.26
Analyst Rating and Forecast
- By Refinitiv from2 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+100.00 %
+100.00 %
Hold
Hold0.0 %
0.0 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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positive
MTAR Technologies Limited received orders worth Rs. 67.16 crores (USD 7.6 million) from an existing international customer. The orders are part of the company's regular business operations and must be executed by June 2026. The company has not disclosed the customer's name due to confidentiality reasons. The orders do not involve any related party transactions, and the promoter group has no interest in the entity that awarded the contracts.
positive
MTAR Technologies shares jumped 12.5% to reach a 52-week high of ₹2,125, marking the biggest single-day gain since February 2025. The surge followed news that Brookfield invested $5 billion in Bloom Energy, a key client of MTAR Tech, to develop fuel cells for AI data centers. MTAR Tech serves as a strategic supplier to Bloom Energy, providing power units, sheet metal assemblies, and enclosures for solid oxide fuel cell and electrolyser programs. The company is the sole supplier of Bloom Energy's electrolyser units and handles 50-60% of Bloom Energy's hotbox requirements. Clean energy fuel cells contributed 62% or ₹420 crore of MTAR Tech's revenue in financial year 2025. Trading volume reached 23.4 lakh shares compared to the 20-day average of 1.6 lakh shares. The stock has gained 25.2% in the past month and 52.9% year-to-date.
positive
MTAR Tech has formed a partnership with Adani Defence to compete for an AMCA (Advanced Medium Combat Aircraft) development contract. The collaboration brings together both companies to pursue this defense sector opportunity.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
4,724.50
#1 3,18,122.90
#1 38.02
#1 33,542.60
3.92
#1 8,364
-3.71
44.52
413.55
3,03,465.50
55.00
24,511.10
17.06
5,287
22.46
55.28
13,853.00
1,26,858.00
93.59
7,611.10
24.49
1,288
17.34
42.76
2,780.40
1,13,365.90
48.06
12,553.10
18.78
2,277
28.10
43.06
1,517.60
56,370.00
99.18
3,695.50
35.31
550
#1 155.56
47.33
2,571.90
29,484.50
52.57
5,410.50
39.01
527
37.84
46.36
2,787.50
15,624.00
72.72
113.70
2.06
4
-22.26
53.32
1,340.80
12,097.10
44.62
1,032.00
#1 126.91
299
-2.37
36.16
1,052.30
10,110.20
61.44
1,068.70
16.10
154
126.39
45.64
276.30
9,514.00
140.25
565.00
51.27
56
110.71
35.95
Growth Rate
Revenue Growth
16.11 %
Net Income Growth
-5.70 %
Cash Flow Change
76.42 %
ROE
-12.53 %
ROCE
-6.38 %
EBITDA Margin (Avg.)
-8.42 %

Quarterly Financial Results

Quarterly Financials
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Revenue
65
49
74
55
70
57
94
79
101
95
132
166
201
155
166
119
142
127
189
176
179
155
Expenses
47
37
49
38
39
40
62
55
71
66
91
115
147
118
131
95
125
112
153
141
149
128
EBITDA
18
12
24
18
31
17
32
24
30
29
40
51
54
37
35
24
17
15
35
34
30
27
Operating Profit %
24 %
23 %
33 %
32 %
43 %
27 %
32 %
29 %
28 %
27 %
28 %
28 %
25 %
22 %
21 %
20 %
12 %
11 %
18 %
18 %
17 %
17 %
Depreciation
3
3
3
3
3
3
4
4
4
4
5
5
5
6
6
6
6
6
8
9
10
8
Interest
2
2
1
2
2
1
1
2
3
2
3
4
6
6
6
6
6
5
5
6
6
6
Profit Before Tax
13
7
20
12
25
13
27
19
24
22
33
42
43
27
26
13
7
6
25
21
19
15
Tax
4
2
6
4
7
4
8
5
4
6
8
11
12
7
5
2
2
2
7
6
5
4
Net Profit
9
5
14
9
18
9
19
13
20
16
25
32
31
20
21
10
5
4
19
16
14
11
EPS in ₹
3.15
1.99
5.19
3.30
6.65
2.83
6.20
4.32
6.44
5.27
8.03
10.22
10.10
6.61
6.65
3.40
1.58
1.44
6.10
5.19
4.46
3.52

Balance Sheet

Balance Sheet
2020
2021
2022
2023
2024
2025
Total Assets
346
586
728
1,063
1,008
1,130
Fixed Assets
155
167
196
291
341
439
Current Assets
172
399
463
697
565
618
Capital Work in Progress
12
11
44
64
73
53
Investments
0
0
62
28
0
0
Other Assets
179
409
425
680
594
638
Total Liabilities
346
586
728
1,063
1,008
1,130
Current Liabilities
114
89
165
342
208
290
Non Current Liabilities
8
20
43
102
124
111
Total Equity
225
477
520
620
676
729
Reserve & Surplus
198
446
489
589
646
698
Share Capital
27
31
31
31
31
31

Cash Flow

Cash Flow
2020
2021
2022
2023
2024
2025
Net Cash Flow
3
167
-121
-47
27
-37
Investing Activities
-12
-22
-145
-87
-56
-103
Operating Activities
56
9
-30
7
57
101
Financing Activities
-41
180
54
32
25
-36

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
50.25 %
50.25 %
50.25 %
50.25 %
50.26 %
47.47 %
47.18 %
47.18 %
46.63 %
39.14 %
39.14 %
37.26 %
37.26 %
36.42 %
36.42 %
31.42 %
31.77 %
31.65 %
31.41 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
8.81 %
0.00 %
10.57 %
7.75 %
7.81 %
7.01 %
6.74 %
7.57 %
9.20 %
DIIs
20.83 %
20.95 %
20.79 %
22.75 %
21.18 %
23.55 %
25.79 %
28.32 %
27.58 %
28.03 %
24.07 %
18.97 %
18.08 %
15.96 %
17.29 %
23.18 %
24.40 %
23.52 %
24.81 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
11.33 %
11.24 %
13.92 %
12.29 %
16.32 %
17.28 %
18.47 %
17.78 %
19.92 %
20.45 %
25.11 %
29.67 %
31.06 %
36.10 %
34.88 %
34.36 %
33.09 %
33.29 %
30.51 %
Others
17.59 %
17.55 %
15.03 %
14.70 %
12.24 %
11.70 %
8.56 %
6.71 %
5.87 %
12.39 %
2.87 %
14.10 %
3.03 %
3.78 %
3.60 %
4.04 %
4.01 %
3.97 %
4.07 %
No of Share Holders
0
1,41,866
1,03,728
1,26,151
1,26,556
1,60,523
1,74,318
1,84,107
2,05,430
2,11,227
2,75,168
3,12,462
3,13,019
3,35,068
3,17,125
3,04,480
3,01,097
2,97,581
2,75,940

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 0.00 0.00 0.00 5 6 3 0.00 0.00 0.00
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.49 0.34 0.2 0.00 0.00 0.00

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
02 Nov 2020 CHANGE OF NAME Change Of Name
NA
02 Nov 2020 0.00 0.00
23 Jul 2021 DIVIDEND Dividend
₹ 3.00 /share
22 Jul 2021 970.15 1,501.60
22 Feb 2022 DIVIDEND Dividend
₹ 3.00 /share
21 Feb 2022 2,080.35 1,834.35
06 Sept 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
06 Sept 2024 2,121.10 1,809.05
29 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
29 Oct 2024 1,665.95 1,517.45
10 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
10 Feb 2025 1,569.30 1,547.20
22 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
22 May 2025 1,637.35 1,646.90
05 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
05 Aug 2025 1,485.80 1,447.00
18 Sept 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
18 Sept 2025 1,447.00 1,780.95

Announcements

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderOct 15, 2025
Announcement under Regulation 30 (LODR)-Credit RatingOct 13, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 13, 2025
Announcement under Regulation 30 (LODR)-Credit RatingOct 07, 2025
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Sep 27, 2025
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Sep 27, 2025
Closure of Trading WindowSep 25, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 18, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMSep 18, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 18, 2025
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderSep 10, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 06, 2025
Corrigendum To Notice Of Annual General MeetingSep 05, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 29, 2025
Business Responsibility and Sustainability Reporting (BRSR)Aug 26, 2025
Reg. 34 (1) Annual Report.Aug 26, 2025
Notice Of 26Th Annual General Meeting (AGM)Aug 26, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 13, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 08, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 06, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 06, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 05, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 05, 2025
Re-Appointment Of Statutory Auditors And DirectorsAug 05, 2025
Financial Results And Other MattersAug 05, 2025
Board Meeting Outcome for Outcome Of Board Meeting Held On 05.08.2025Aug 05, 2025
Update on board meetingAug 04, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 01, 2025
Board Meeting Intimation for Un-Audited Quarterly Results For The Quarter Ended 30.06.2025 And Other Matters.Jul 30, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 12, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementJun 30, 2025
Closure of Trading WindowJun 25, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 19, 2025
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsJun 19, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 18, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 11, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 11, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 11, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 11, 2025
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Jun 10, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 09, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 09, 2025
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 09, 2025
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Jun 09, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 30, 2025
Revised Outcome Of The Board Meeting Held On 22.05.2025May 28, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011May 28, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011May 28, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 26, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 24, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
HSBC Small Cap Fund Direct-Growth
0.44%
380706
0.44%
0.44%
Axis Small Cap Fund Direct-Growth
0.00%
-282833
-0.15%
-0.16%
Bajaj Finserv Flexi Cap Fund Direct-Growth
0.92%
279711
0.92%
0.92%
Aditya Birla Sun Life Value Direct Fund-Growth
0.00%
-112027
-0.27%
-0.41%
PGIM India Small Cap Fund Direct - Growth
0.82%
69239
0.82%
0.82%
Bandhan Innovation Fund Direct-Growth
0.49%
47297
0.49%
0.49%
Motilal Oswal Nifty India Defence Index Fund Direct-Growth
1.39%
-40131
0.09%
0.09%
Bandhan Aggressive Hybrid Fund Direct-Growth
0.47%
31209
0.47%
0.47%
Bajaj Finserv Multi Cap Fund Direct-Growth
0.25%
12579
0.25%
0.25%
Bajaj Finserv ELSS Tax Saver Fund Direct-Growth
2.49%
8828
2.49%
2.49%
Aditya Birla Sun Life Nifty India Defence Index Fund Direct-Growth
1.39%
-6298
0.09%
0.09%
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth
0.51%
-927
0.11%
0.11%
Groww Nifty Total Market Index Fund Direct - Growth
0.02%
-2
0.00%
0.00%
Angel One Nifty Total Market Index Fund Direct - Growth
0.02%
1
0.00%
0.00%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.02%
-1
0.00%
0.00%
HDFC Defence Fund Direct - Growth
2.80%
0
0.53%
0.40%
Kotak MNC Fund Direct-Growth
1.48%
0
0.36%
0.33%
Kotak Multicap Fund Direct - Growth
0.36%
0
0.07%
0.06%
Kotak Special Opportunities Fund Direct-Growth
2.97%
0
0.75%
0.74%
Mirae Asset Nifty Total Market Index Fund Direct-Growth
0.02%
0
0.00%
0.00%
Kotak Manufacture in India Fund Direct - Growth
1.37%
0
0.31%
0.27%
Aditya Birla Sun Life Infrastructure Direct Fund-Growth
1.65%
0
0.39%
0.36%
Nippon India Growth Mid Cap Fund Direct- Growth
0.27%
0
0.06%
0.05%
Nippon India Power & Infra Fund Direct-Growth
1.46%
0
0.33%
0.31%
Nippon India Small Cap Fund Direct- Growth
0.26%
0
0.06%
0.05%

Technical Indicators

RSI(14)
Neutral
66.24
ATR(14)
Less Volatile
91.03
STOCH(9,6)
Overbought
80.65
STOCH RSI(14)
Neutral
41.36
MACD(12,26)
Bullish
8.42
ADX(14)
Very Strong Trend
50.11
UO(9)
Bearish
61.92
ROC(12)
Uptrend And Accelerating
14.16
WillR(14)
Overbought
-18.78