| 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 |
MTAR Technologies
MTAR Technologies
2,280.80
+47.00
(2.10%)
Key Fundamentals
Market Cap
6,871.10 Cr
EPS
17.19
PE Ratio
118.39
Dividend Yield
0.00 %
Industry
Aerospace & Defense 52 Week High
2,318.80
52 Week Low
1,155.60
PB Ratio
9.63
Debt to Equity
0.26
Sector
Engineering Analyst Rating and Forecast
- By Refinitiv from2 analysts
Actual
Company News
View All News
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.
MTAR Tech Shares Surge 13% to 52-Week High on Brookfield's $5 Billion Investment in Key Client Bloom Energy
Oct 14, 2025
Oct 14, 2025MTAR 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.
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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Peer Comparison Compare Peers on Screener
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 |
Automatic Screeners on ScanX
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
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 | NA | 02 Nov 2020 | 0.00 | 0.00 |
| 23 Jul 2021 |  Dividend | ₹ 3.00 /share | 22 Jul 2021 | 970.15 | 1,501.60 |
| 22 Feb 2022 | Dividend | ₹ 3.00 /share | 21 Feb 2022 | 2,080.35 | 1,834.35 |
| 06 Sept 2024 |  Annual General Meeting | NA | 06 Sept 2024 | 2,121.10 | 1,809.05 |
| 29 Oct 2024 |  Quarterly Result Announcement | NA | 29 Oct 2024 | 1,665.95 | 1,517.45 |
| 10 Feb 2025 | Quarterly Result Announcement | NA | 10 Feb 2025 | 1,569.30 | 1,547.20 |
| 22 May 2025 | Quarterly Result Announcement | NA | 22 May 2025 | 1,637.35 | 1,646.90 |
| 05 Aug 2025 | Quarterly Result Announcement | NA | 05 Aug 2025 | 1,485.80 | 1,447.00 |
| 18 Sept 2025 | 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
Oct 15, 2025Announcement under Regulation 30 (LODR)-Credit RatingOct 13, 2025
Oct 13, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 13, 2025
Oct 13, 2025Announcement under Regulation 30 (LODR)-Credit RatingOct 07, 2025
Oct 07, 2025Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Sep 27, 2025
Sep 27, 2025Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Sep 27, 2025
Sep 27, 2025Closure of Trading WindowSep 25, 2025
Sep 25, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 18, 2025
Sep 18, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderSep 10, 2025
Sep 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 06, 2025
Sep 06, 2025Corrigendum To Notice Of Annual General MeetingSep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 29, 2025
Aug 29, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 26, 2025
Aug 26, 2025Reg. 34 (1) Annual Report.Aug 26, 2025
Aug 26, 2025Notice Of 26Th Annual General Meeting (AGM)Aug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 05, 2025
Aug 05, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 05, 2025
Aug 05, 2025Re-Appointment Of Statutory Auditors And DirectorsAug 05, 2025
Aug 05, 2025Financial Results And Other MattersAug 05, 2025
Aug 05, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 05.08.2025Aug 05, 2025
Aug 05, 2025Update on board meetingAug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 01, 2025
Aug 01, 2025Board Meeting Intimation for Un-Audited Quarterly Results For The Quarter Ended 30.06.2025 And Other Matters.Jul 30, 2025
Jul 30, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 12, 2025
Jul 12, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJun 30, 2025
Jun 30, 2025Closure of Trading WindowJun 25, 2025
Jun 25, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 19, 2025
Jun 19, 2025Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsJun 19, 2025
Jun 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 18, 2025
Jun 18, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 11, 2025
Jun 11, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 11, 2025
Jun 11, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 11, 2025
Jun 11, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 11, 2025
Jun 11, 2025Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Jun 10, 2025
Jun 10, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 09, 2025
Jun 09, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 09, 2025
Jun 09, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 09, 2025
Jun 09, 2025Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Jun 09, 2025
Jun 09, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 30, 2025
May 30, 2025Revised Outcome Of The Board Meeting Held On 22.05.2025May 28, 2025
May 28, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011May 28, 2025
May 28, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011May 28, 2025
May 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 26, 2025
May 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 24, 2025
May 24, 2025Mutual Fund Holdings
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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
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