Board meeting for results: 29 Oct 2026 (NSE event calendar; dates can change) · all upcoming results
Key numbers
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 59 companies in Other Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹237 cr vs borrowings ₹369 cr (FY26): borrowings are higher by ₹133 cr.
- Operating profit covered interest 5.5x in the last 12 months.
- 3.89% of the promoters' shares are pledged (1.1% of all shares).
- Promoter holding fell by 2.18 percentage points in a year, to 29.23% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY23, FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 23% of net profit in the last 12 months.
- Debtor days went from 92 (FY24) to 140 (FY26).
- Dividend paid in 1 of the last 5 financial years.
- Price ₹6,742.00 on 2026-10-27: -22.6% from the 52-week high, +219.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 190 | 174 | 183 | 157 | 136 | 278 | 306 | 361 |
| EBITDA | 37 | 33 | 34 | 28 | 17 | 60 | 62 | 85 |
| OPM % | 19.4% | 19.1% | 18.7% | 18.1% | 12.5% | 21.7% | 20.2% | 23.6% |
| Other income | 1 | 3 | 0 | 1 | 4 | 2 | 16 | 8 |
| Net profit | 19 | 16 | 14 | 11 | 4 | 35 | 44 | 50 |
| EPS (₹) | 6.10 | 5.19 | 4.46 | 3.52 | 1.38 | 11.28 | 14.40 | 16.33 |
| Revenue YoY | -28.7% | +59.3% | +67.2% | +130.4% | ||||
| Profit YoY | -77.4% | +117.4% | +222.7% | +364.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 322 | 574 | 581 | 676 | 876 | 1,080 |
| EBITDA | 94 | 154 | 113 | 121 | 167 | 224 |
| Net profit | 61 | 103 | 56 | 53 | 94 | 133 |
| EPS (₹) | 19.79 | 33.62 | 18.24 | 17.19 | 30.57 | 43.39 |
| Revenue growth | +78.2% | +1.2% | +16.4% | +29.6% | +53.4% | |
| Profit growth | +69.9% | -45.7% | -5.7% | +77.8% | +125.1% | |
| Dividend / share (₹) | 6.00 | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +15.2% | +28.9% | +53.4% |
| Net profit | -3.1% | +15.3% | +125.1% |
| EPS | -3.1% | +12.5% | – |
| Share price | – | +103.9% (2y) | +224.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 620 | 676 | 729 | 823 |
| Borrowings | – | 143 | 191 | 177 | 369 |
| Cash & equivalents | – | 59 | 51 | 17 | 237 |
| Total assets | – | 1,063 | 1,008 | 1,130 | 1,743 |
| Fixed assets | – | 290 | 340 | 436 | 497 |
| Capital work in progress | – | 64 | 73 | 53 | 34 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 208 | 147 | 210 | 337 |
| Inventory | – | 387 | 348 | 346 | 501 |
| Payables | – | 218 | 71 | 106 | 150 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -30 | 7 | 57 | 101 | 197 |
| Cash from investing | -145 | -87 | -56 | -103 | -353 |
| Cash from financing | 54 | 32 | 25 | -36 | 155 |
| Capex | 91 | 108 | 94 | 100 | 134 |
| Free cash flow | -121 | -101 | -37 | 1 | 63 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 16.7% | 8.3% | 7.3% | 11.4% |
| ROCE % | – | 20.3% | 11.0% | 10.3% | 13.0% |
| Debtor days | – | 133 | 92 | 113 | 140 |
| Inventory days | – | 524 | 420 | 369 | 399 |
| Payable days | – | 296 | 86 | 113 | 119 |
| Cash conversion cycle (days) | – | 361 | 426 | 369 | 420 |
| Working capital days | – | 226 | 224 | 177 | 167 |
Shareholding
| Holder (% of shares) | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Change since Sep 2025 |
|---|---|---|---|---|---|---|
| Promoters | 31.41% | – | 30.44% | 29.36% | 29.23% | -2.18 pts |
| FIIs | 9.20% | – | 17.31% | 24.79% | 20.87% | +11.67 pts |
| DIIs | 24.81% | – | 27.67% | 22.35% | 27.09% | +2.28 pts |
| of which Mutual funds | 19.81% | – | 23.49% | 20.36% | 24.22% | +4.41 pts |
| of which Insurance | 3.84% | – | 1.71% | 0.80% | 1.75% | -2.09 pts |
| Public (non-institutions) | 34.58% | – | 24.58% | 23.50% | 22.80% | -11.78 pts |
| No. of shareholders | 2,75,940 | – | 2,09,273 | 2,58,386 | 2,60,159 | -5.7% |
| Promoter group | % |
|---|---|
| K Vamshidhar Reddy | 5.71% |
| Mitta Madhavi | 4.44% |
| Leelavathi Parvatha Reddy | 4.22% |
| P Srinivas Reddy | 3.88% |
| A Manogna | 2.71% |
| P Kalpana Reddy | 2.56% |
| Saranya Loka Reddy | 1.63% |
| K Shalini | 1.28% |
| Anushman Reddy | 0.87% |
| Kavitha Reddy Gangapatnam | 0.65% |
| Praval Reddy Akepati | 0.63% |
| Akepati Pranay Reddy | 0.62% |
| Northeast Broking Services Limited | 0.03% |
| Usha Reddy Chigarapalli | 0.00% |
| D Anitha Reddy | 0.00% |
| Public holders above 1% | % |
|---|---|
| Nippon Life India Trustee Ltd-a/c Nippon India NIF | 4.51% |
| Motilal Oswal Multi CAP Fund | 3.71% |
| Sundaram Mutual Fund A/C Sundaram Small CAP Fund | 3.28% |
| HSBC Mutual Fund - HSBC Multi CAP Fund | 2.73% |
| HDFC Mutual Fund - HDFC Defence Fund | 2.44% |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Quant Fund | 2.09% |
| Franklin India MID CAP Fund | 1.76% |
| Smallcap World Fund, INC | 1.24% |
| BNP Paribas Financial Markets - ODI | 1.09% |
| Vanguard Total International Stock Index Fund | 1.03% |
| 360 ONE Multi Asset Allocation Fund | 1.01% |
2,60,159 shareholders. Pledged: 3.89% of promoter shares.
From the company's quarterly shareholding-pattern filings on the exchange (NSE/BSE), latest as of Sep 2026. "pts" = percentage points; the number of shareholders is as filed by the company. No filing on our file for Dec 2025 (shown as –).
Peers in Other Electrical Equipment
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WAAREEENER | ₹65,440 cr | 17.1x | 4.5x | 23.0% | 33.2% | 20.2% | – | 0.09% |
| APARINDS | ₹60,870 cr | 51.5x | 11.3x | 11.6% | 32.9% | 8.7% | +16.9% | 0.34% |
| PREMIERENE | ₹39,130 cr | 23.2x | 9.1x | 46.7% | 29.7% | 30.0% | – | 0.08% |
| MTARTECH | ₹20,738 cr | 155.4x | 25.2x | 17.2% | 18.3% | 20.7% | +15.2% | – |
| DIACABS | ₹17,638 cr | 89.7x | – | – | 13.0% | 11.7% | – | – |
| EMMVEE | ₹16,661 cr | 11.6x | 3.8x | 53.0% | 34.1% | 34.7% | – | – |
| AVALON | ₹14,490 cr | 108.3x | 20.1x | 20.0% | 21.9% | 11.4% | +19.3% | 0.00% |
| UTLSOLAR | ₹11,331 cr | 36.6x | 8.9x | 23.1% | 25.4% | 14.6% | – | – |
| GENUSPOWER | ₹7,411 cr | 11.4x | 3.3x | 31.9% | 22.2% | 18.8% | +80.5% | 0.82% |
| WAAREERTL | ₹7,071 cr | 15.2x | 6.3x | 52.4% | 27.2% | 17.8% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2023-08-04 | Other | Annual General Meeting |
| 2022-09-15 | Other | Annual General Meeting |
| 2022-02-21 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2021-07-22 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
Latest filings
- Analysts/Institutional Investor Meet/Con. Call Updates
Mtar Technologies Limited has informed the Exchange about Schedule of meet
- General Updates
Mtar Technologies Limited has informed the Exchange about General Updates
- Shareholders meeting
Mtar Technologies Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 28, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with…
- Analysts/Institutional Investor Meet/Con. Call Updates
Mtar Technologies Limited has informed the Exchange about Schedule of meet
- General Updates
Mtar Technologies Limited has informed the Exchange about General Updates
- General Updates
Mtar Technologies Limited has informed the Exchange about General Updates
- Shareholders meeting
Mtar Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026
- Bagging/Receiving of orders/contracts
Mtar Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
- Analysts/Institutional Investor Meet/Con. Call Updates
Mtar Technologies Limited has informed the Exchange about Schedule of meet
- Analysts/Institutional Investor Meet/Con. Call Updates
Mtar Technologies Limited has informed the Exchange about Schedule of meet
- Analysts/Institutional Investor Meet/Con. Call Updates
Mtar Technologies Limited has informed the Exchange about Transcript
Filed by the company on NSE in the last 3 months (routine notices left out). The text under each title is a short extract of the company's own filing; the link opens the full original file on the NSE website. Fetched 27 Oct 2026.
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing and precision Engineering: The Company is engaged in providing precision engineering solutions and manufacturing services to customers across strategic sectors, including Civil Nuclear Power, Space, Defence and Clean Energy. Its capabilities span advanced machining, specialised fabrication, assembly and testing, surface treatment and other special processes, enabling it to offer end-to-end manufacturing solutions.
| Sector | Industrials |
| Industry | Other Electrical Equipment |
| Sub-industry | Other Electrical Equipment |
| Symbol | MTARTECH |
| BSE code | 543270 |
| ISIN | INE864I01014 |
| Face value | ₹10.0 |
| Incorporated | 1999-01-01 |
| Website | www.mtar.in |
| Plants (India / abroad) | 10 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-27.