MTAR Technologies Ltd.
•₹ 7,029.5-1.18%
2026-08-21
PROS
- Latest quarter profit grew 364.5% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 25.9% CAGR over last 5 years
- Institutional investors have been accumulating - FII+DII up 16.1pp
- Working capital cycle has improved - days down from 224 to 177
- Company maintains a comfortable, low leverage position
CONS
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -7.1pp
- Operating margins have contracted to 17.9% from 32.0%
- Stock is trading at 5.4x its book value
- Though reporting repeated profits, the company pays out little dividend (0.0%)
- Growth is decelerating - 3Y profit CAGR (-4.6%) trails the 5Y trend (11.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | MTARTECH | 6916.50 | 159.43 | 21274.87 | 0.00 | 50.23 | 364.51 | 360.72 | 133.61 | 10.57 | 23.58 |
| 2. | THEJO | 2124.60 | 41.15 | 2304.66 | 0.24 | 15.23 | 56.09 | 177.61 | 31.02 | 21.79 | 14.23 |
| 3. | SOUTHWEST | 217.30 | 17.76 | 709.52 | 0.00 | 9.34 | 288.51 | 61.68 | 53.36 | 13.57 | 26.33 |
| 4. | AHLADA | 40.82 | 0.00 | 52.74 | 0.00 | 1.75 | 203.29 | 240.26 | 778.98 | 2.69 | 13.52 |
| 5. | TMTINDIA | 8.45 | 0.00 | 4.19 | 0.00 | -0.05 | 36.25 | 0.00 | — | -110.50 | — |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 151 | 165 | 116 | 142 | 126 | 187 | 172 | 179 | 154 | 134 | 274 | 303 | 361 | |
| 118 | 131 | 95 | 125 | 112 | 153 | 141 | 149 | 128 | 119 | 214 | 244 | 301 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 4 | 1 | 0 | 0 | 1 | 1 | 3 | 0 | 1 | 4 | 2 | 16 | 8 |
| Interest | 6 | 5 | 6 | 6 | 5 | 5 | 6 | 6 | 6 | 6 | 8 | 10 | 16 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 8 | 9 | 10 | 8 | 9 | 9 | 9 | 10 |
| 27 | 26 | 13 | 7 | 6 | 25 | 21 | 19 | 15 | 6 | 46 | 60 | 67 | |
| Tax % | 25.44% | 20.36% | 18.93% | 32.27% | 28.66% | 25.84% | 25.52% | 26.32% | 27.01% | 25.18% | 24.78% | 25.63% | 25.48% |
| Net Profit | 0 | 0 | 0 | 0 | 4 | 19 | 16 | 14 | 11 | 4 | 35 | 44 | 50 |
| 7 | 7 | 3 | 2 | 1 | 6 | 5 | 4 | 4 | 1 | 11 | 14 | 2 | |
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
Jun 2023
- 151
- 118
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 6
- Depreciation
- 6
- 27
- Tax %
- 25.44%
- Net Profit
- 0
- 7
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 165
- 131
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 6
- 26
- Tax %
- 20.36%
- Net Profit
- 0
- 7
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 116
- 95
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 6
- Depreciation
- 6
- 13
- Tax %
- 18.93%
- Net Profit
- 0
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 142
- 125
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 6
- Depreciation
- 6
- 7
- Tax %
- 32.27%
- Net Profit
- 0
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 126
- 112
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 6
- 6
- Tax %
- 28.66%
- Net Profit
- 4
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 187
- 153
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 8
- 25
- Tax %
- 25.84%
- Net Profit
- 19
- 6
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 172
- 141
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 6
- Depreciation
- 9
- 21
- Tax %
- 25.52%
- Net Profit
- 16
- 5
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 179
- 149
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 6
- Depreciation
- 10
- 19
- Tax %
- 26.32%
- Net Profit
- 14
- 4
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 154
- 128
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 6
- Depreciation
- 8
- 15
- Tax %
- 27.01%
- Net Profit
- 11
- 4
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 134
- 119
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 6
- Depreciation
- 9
- 6
- Tax %
- 25.18%
- Net Profit
- 4
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 274
- 214
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 8
- Depreciation
- 9
- 46
- Tax %
- 24.78%
- Net Profit
- 35
- 11
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 303
- 244
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 10
- Depreciation
- 9
- 60
- Tax %
- 25.63%
- Net Profit
- 44
- 14
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 361
- 301
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 16
- Depreciation
- 10
- 67
- Tax %
- 25.48%
- Net Profit
- 50
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 184 | 214 | 246 | 322 | 574 | 581 | 676 | 1,072 | |
| 130 | 156 | 163 | 228 | 420 | 468 | 555 | 878 | |
| Operating Profit | 56 | 62 | 84 | 103 | 173 | 119 | 126 | — |
| OPM % | 30 | 29 | 34 | 32 | 30 | 20 | 19 | — |
| Other Income | 2 | 4 | 1 | 9 | 19 | 6 | 5 | 30 |
| Interest | 4 | 5 | 7 | 7 | 15 | 22 | 22 | 39 |
| Depreciation | 11 | 12 | 13 | 14 | 19 | 23 | 32 | 36 |
| 42 | 46 | 65 | 82 | 140 | 73 | 72 | 179 | |
| Tax % | 6 | 31 | 29 | 26 | 26 | 23 | 26 | 25 |
| Net Profit | 39 | 31 | 46 | 61 | 103 | 56 | 53 | 133 |
| EPS | 14 | 11 | 17 | 20 | 34 | 18 | 17 | — |
| Dividend Payout % | 36 | 26 | 40 | 15 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 14 | 12 | 15 | 20 | 34 | 18 | 17 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 14 | 12 | 15 | 20 | 34 | 18 | 17 | — |
Mar 2019
- 184
- 130
- Operating Profit
- 56
- OPM %
- 30
- Other Income
- 2
- Interest
- 4
- Depreciation
- 11
- 42
- Tax %
- 6
- Net Profit
- 39
- EPS
- 14
- Dividend Payout %
- 36
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2020
- 214
- 156
- Operating Profit
- 62
- OPM %
- 29
- Other Income
- 4
- Interest
- 5
- Depreciation
- 12
- 46
- Tax %
- 31
- Net Profit
- 31
- EPS
- 11
- Dividend Payout %
- 26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2021
- 246
- 163
- Operating Profit
- 84
- OPM %
- 34
- Other Income
- 1
- Interest
- 7
- Depreciation
- 13
- 65
- Tax %
- 29
- Net Profit
- 46
- EPS
- 17
- Dividend Payout %
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2022
- 322
- 228
- Operating Profit
- 103
- OPM %
- 32
- Other Income
- 9
- Interest
- 7
- Depreciation
- 14
- 82
- Tax %
- 26
- Net Profit
- 61
- EPS
- 20
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2023
- 574
- 420
- Operating Profit
- 173
- OPM %
- 30
- Other Income
- 19
- Interest
- 15
- Depreciation
- 19
- 140
- Tax %
- 26
- Net Profit
- 103
- EPS
- 34
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
Mar 2024
- 581
- 468
- Operating Profit
- 119
- OPM %
- 20
- Other Income
- 6
- Interest
- 22
- Depreciation
- 23
- 73
- Tax %
- 23
- Net Profit
- 56
- EPS
- 18
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
Mar 2025
- 676
- 555
- Operating Profit
- 126
- OPM %
- 19
- Other Income
- 5
- Interest
- 22
- Depreciation
- 32
- 72
- Tax %
- 26
- Net Profit
- 53
- EPS
- 17
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
TTM
- 1,072
- 878
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 39
- Depreciation
- 36
- 179
- Tax %
- 25
- Net Profit
- 133
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 26%
- 3 Years:
- 28%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 11%
- 3 Years:
- -5%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 42%
- 3 Years:
- 49%
- 1 Year:
- 375%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 12%
- 3 Years:
- 11%
- Last Year:
- 8%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - |
| Equity Capital | 28 | 27 | 31 | 31 | 31 | 31 | 31 |
| 207 | 198 | 446 | 489 | 589 | 646 | 698 | |
| 29 | 29 | 10 | 70 | 66 | 48 | 50 | |
| Trade Payables | 6 | 31 | 35 | 57 | 218 | 62 | 106 |
| 35 | 62 | 65 | 81 | 159 | 220 | 245 | |
| Total Liabilities | 305 | 346 | 586 | 728 | 1,063 | 1,008 | 1,130 |
| ASSETS | - | - | - | - | - | - | - |
| 162 | 155 | 167 | 196 | 291 | 341 | 439 | |
| Capital Work in Progress | 6 | 12 | 11 | 44 | 64 | 73 | 53 |
| 0 | 0 | 0 | 62 | 27 | 0 | 0 | |
| 41 | 75 | 103 | 170 | 387 | 348 | 346 | |
| 0 | 0 | 0 | 0 | 0 | 147 | 210 | |
| Cash & Bank | 11 | 23 | 191 | 67 | 31 | 51 | 17 |
| 86 | 81 | 115 | 188 | 263 | 49 | 66 | |
| Total Assets | 305 | 346 | 586 | 728 | 1,063 | 1,008 | 1,130 |
| Total Debt | 29 | 29 | 17 | 96 | 143 | 191 | 177 |
| Net Working Capital | 42 | 58 | 309 | 298 | 355 | 357 | 328 |
| Contingent Liabilities | 0 | 2 | 2 | 2 | 2 | 2 | 2 |
| Book Value per Share | 83.29 | 84.11 | 154.99 | 168.97 | 201.61 | 219.88 | 236.98 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 29 | 29 | 17 | 96 | 143 | 191 | 177 |
| Net Working Capital | 42 | 58 | 309 | 298 | 355 | 357 | 328 |
| Contingent Liabilities | 0 | 2 | 2 | 2 | 2 | 2 | 2 |
| Book Value per Share | 83.29 | 84.11 | 154.99 | 168.97 | 201.61 | 219.88 | 236.98 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2019
- Equity Capital
- 28
- 207
- 29
- Trade Payables
- 6
- 35
- Total Liabilities
- 305
- 162
- Capital Work in Progress
- 6
- 0
- 41
- 0
- Cash & Bank
- 11
- 86
- Total Assets
- 305
- Total Debt
- 29
- Net Working Capital
- 42
- Contingent Liabilities
- 0
- Book Value per Share
- 83.29
- Face Value
- 10.00
- Total Debt
- 29
- Net Working Capital
- 42
- Contingent Liabilities
- 0
- Book Value per Share
- 83.29
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 27
- 198
- 29
- Trade Payables
- 31
- 62
- Total Liabilities
- 346
- 155
- Capital Work in Progress
- 12
- 0
- 75
- 0
- Cash & Bank
- 23
- 81
- Total Assets
- 346
- Total Debt
- 29
- Net Working Capital
- 58
- Contingent Liabilities
- 2
- Book Value per Share
- 84.11
- Face Value
- 10.00
- Total Debt
- 29
- Net Working Capital
- 58
- Contingent Liabilities
- 2
- Book Value per Share
- 84.11
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 31
- 446
- 10
- Trade Payables
- 35
- 65
- Total Liabilities
- 586
- 167
- Capital Work in Progress
- 11
- 0
- 103
- 0
- Cash & Bank
- 191
- 115
- Total Assets
- 586
- Total Debt
- 17
- Net Working Capital
- 309
- Contingent Liabilities
- 2
- Book Value per Share
- 154.99
- Face Value
- 10.00
- Total Debt
- 17
- Net Working Capital
- 309
- Contingent Liabilities
- 2
- Book Value per Share
- 154.99
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 31
- 489
- 70
- Trade Payables
- 57
- 81
- Total Liabilities
- 728
- 196
- Capital Work in Progress
- 44
- 62
- 170
- 0
- Cash & Bank
- 67
- 188
- Total Assets
- 728
- Total Debt
- 96
- Net Working Capital
- 298
- Contingent Liabilities
- 2
- Book Value per Share
- 168.97
- Face Value
- 10.00
- Total Debt
- 96
- Net Working Capital
- 298
- Contingent Liabilities
- 2
- Book Value per Share
- 168.97
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 31
- 589
- 66
- Trade Payables
- 218
- 159
- Total Liabilities
- 1,063
- 291
- Capital Work in Progress
- 64
- 27
- 387
- 0
- Cash & Bank
- 31
- 263
- Total Assets
- 1,063
- Total Debt
- 143
- Net Working Capital
- 355
- Contingent Liabilities
- 2
- Book Value per Share
- 201.61
- Face Value
- 10.00
- Total Debt
- 143
- Net Working Capital
- 355
- Contingent Liabilities
- 2
- Book Value per Share
- 201.61
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 31
- 646
- 48
- Trade Payables
- 62
- 220
- Total Liabilities
- 1,008
- 341
- Capital Work in Progress
- 73
- 0
- 348
- 147
- Cash & Bank
- 51
- 49
- Total Assets
- 1,008
- Total Debt
- 191
- Net Working Capital
- 357
- Contingent Liabilities
- 2
- Book Value per Share
- 219.88
- Face Value
- 10.00
- Total Debt
- 191
- Net Working Capital
- 357
- Contingent Liabilities
- 2
- Book Value per Share
- 219.88
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 31
- 698
- 50
- Trade Payables
- 106
- 245
- Total Liabilities
- 1,130
- 439
- Capital Work in Progress
- 53
- 0
- 346
- 210
- Cash & Bank
- 17
- 66
- Total Assets
- 1,130
- Total Debt
- 177
- Net Working Capital
- 328
- Contingent Liabilities
- 2
- Book Value per Share
- 236.98
- Face Value
- 10.00
- Total Debt
- 177
- Net Working Capital
- 328
- Contingent Liabilities
- 2
- Book Value per Share
- 236.98
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 30 | 56 | 9 | -30 | 7 | 57 | 101 | |
| Cash from Investing | -23 | -12 | -22 | -145 | -87 | -56 | -103 |
| Cash from Financing | -6 | -41 | 180 | 54 | 32 | 25 | -36 |
| 2 | 3 | 167 | -121 | -47 | 27 | -37 | |
| Free Cash Flow | 30 | 56 | -15 | -107 | -123 | -22 | -9 |
| OCF / Net Profit | 0.77 | 1.80 | 0.19 | -0.49 | 0.07 | 1.02 | 1.91 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -210 | -275 |
| OCF / Net Profit | 0.77 | 1.80 | 0.19 | -0.49 | 0.07 | 1.02 | 1.91 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -210 | -275 |
Mar 2019
- 30
- Cash from Investing
- -23
- Cash from Financing
- -6
- 2
- Free Cash Flow
- 30
- OCF / Net Profit
- 0.77
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.77
- Cumulative 5-Year FCF
- 0
Mar 2020
- 56
- Cash from Investing
- -12
- Cash from Financing
- -41
- 3
- Free Cash Flow
- 56
- OCF / Net Profit
- 1.80
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.80
- Cumulative 5-Year FCF
- 0
Mar 2021
- 9
- Cash from Investing
- -22
- Cash from Financing
- 180
- 167
- Free Cash Flow
- -15
- OCF / Net Profit
- 0.19
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.19
- Cumulative 5-Year FCF
- 0
Mar 2022
- -30
- Cash from Investing
- -145
- Cash from Financing
- 54
- -121
- Free Cash Flow
- -107
- OCF / Net Profit
- -0.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.49
- Cumulative 5-Year FCF
- 0
Mar 2023
- 7
- Cash from Investing
- -87
- Cash from Financing
- 32
- -47
- Free Cash Flow
- -123
- OCF / Net Profit
- 0.07
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.07
- Cumulative 5-Year FCF
- 0
Mar 2024
- 57
- Cash from Investing
- -56
- Cash from Financing
- 25
- 27
- Free Cash Flow
- -22
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- -210
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- -210
Mar 2025
- 101
- Cash from Investing
- -103
- Cash from Financing
- -36
- -37
- Free Cash Flow
- -9
- OCF / Net Profit
- 1.91
- Cumulative 5-Year FCF
- -275
- OCF / Net Profit
- 1.91
- Cumulative 5-Year FCF
- -275
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - |
| EPS (₹) | 13.89 | 11.70 | 14.98 | 19.79 | 33.62 | 18.24 | 17.19 |
| Book Value (₹) | 83.29 | 84.11 | 154.99 | 168.97 | 201.61 | 219.88 | 236.98 |
| Dividend per Share (₹) | 5.00 | 3.00 | 6.00 | 3.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 17.88 | 16.21 | 19.06 | 24.44 | 39.69 | 25.77 | 27.67 |
| PROFITABILITY | - | - | - | - | - | - | - |
| Operating Margin % | 30.47% | 29.16% | 34.24% | 32.04% | 30.23% | 19.41% | 17.88% |
| Net Margin % | 21.34% | 14.65% | 18.69% | 18.90% | 18.03% | 9.66% | 7.82% |
| ROE % | 16.68% | 13.61% | 13.13% | 12.22% | 18.15% | 8.66% | 7.53% |
| ROCE % | 17.45% | 19.42% | 19.21% | 16.02% | 22.45% | 11.69% | 10.57% |
| 12.85% | 9.62% | 9.88% | 9.26% | 11.55% | 5.42% | 4.95% | |
| EFFICIENCY | - | - | - | - | - | - | - |
| Debtor Days | 100 | 96 | 103 | 121 | 110 | 112 | 96 |
| Inventory Days | 82 | 99 | 132 | 155 | 177 | 231 | 187 |
| Payable Days | 40 | 92 | 149 | 144 | 186 | 169 | 90 |
| 142 | 103 | 86 | 131 | 100 | 173 | 194 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.12x | 0.13x | 0.04x | 0.18x | 0.23x | 0.28x | 0.24x |
| Interest Coverage (x) | 10.32x | 10.58x | 10.26x | 13.37x | 10.63x | 4.27x | 4.23x |
| 1.60x | 1.51x | 4.46x | 2.80x | 2.04x | 2.72x | 2.13x | |
| GROWTH | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 16.39% | 15.28% | 30.67% | 78.18% | 1.22% | 16.40% |
| Operating Profit Growth % | 0.00% | 11.40% | 35.38% | 22.27% | 68.11% | -31.68% | 6.31% |
| Net Profit Growth % | 0.00% | -20.11% | 47.09% | 32.15% | 69.89% | -45.74% | -5.75% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -45.74% | -5.75% | |
| VALUATION | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 92.29x | 74.50x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.66x | 5.41x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 44.88x | 32.55x |
Mar 2019
- EPS (₹)
- 13.89
- Book Value (₹)
- 83.29
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 17.88
- Operating Margin %
- 30.47%
- Net Margin %
- 21.34%
- ROE %
- 16.68%
- ROCE %
- 17.45%
- 12.85%
- Debtor Days
- 100
- Inventory Days
- 82
- Payable Days
- 40
- 142
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 10.32x
- 1.60x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 11.70
- Book Value (₹)
- 84.11
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 16.21
- Operating Margin %
- 29.16%
- Net Margin %
- 14.65%
- ROE %
- 13.61%
- ROCE %
- 19.42%
- 9.62%
- Debtor Days
- 96
- Inventory Days
- 99
- Payable Days
- 92
- 103
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 10.58x
- 1.51x
- Revenue Growth %
- 16.39%
- Operating Profit Growth %
- 11.40%
- Net Profit Growth %
- -20.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 14.98
- Book Value (₹)
- 154.99
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 19.06
- Operating Margin %
- 34.24%
- Net Margin %
- 18.69%
- ROE %
- 13.13%
- ROCE %
- 19.21%
- 9.88%
- Debtor Days
- 103
- Inventory Days
- 132
- Payable Days
- 149
- 86
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 10.26x
- 4.46x
- Revenue Growth %
- 15.28%
- Operating Profit Growth %
- 35.38%
- Net Profit Growth %
- 47.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 19.79
- Book Value (₹)
- 168.97
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 24.44
- Operating Margin %
- 32.04%
- Net Margin %
- 18.90%
- ROE %
- 12.22%
- ROCE %
- 16.02%
- 9.26%
- Debtor Days
- 121
- Inventory Days
- 155
- Payable Days
- 144
- 131
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 13.37x
- 2.80x
- Revenue Growth %
- 30.67%
- Operating Profit Growth %
- 22.27%
- Net Profit Growth %
- 32.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 33.62
- Book Value (₹)
- 201.61
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 39.69
- Operating Margin %
- 30.23%
- Net Margin %
- 18.03%
- ROE %
- 18.15%
- ROCE %
- 22.45%
- 11.55%
- Debtor Days
- 110
- Inventory Days
- 177
- Payable Days
- 186
- 100
- Debt to Equity (x)
- 0.23x
- Interest Coverage (x)
- 10.63x
- 2.04x
- Revenue Growth %
- 78.18%
- Operating Profit Growth %
- 68.11%
- Net Profit Growth %
- 69.89%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 18.24
- Book Value (₹)
- 219.88
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 25.77
- Operating Margin %
- 19.41%
- Net Margin %
- 9.66%
- ROE %
- 8.66%
- ROCE %
- 11.69%
- 5.42%
- Debtor Days
- 112
- Inventory Days
- 231
- Payable Days
- 169
- 173
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 4.27x
- 2.72x
- Revenue Growth %
- 1.22%
- Operating Profit Growth %
- -31.68%
- Net Profit Growth %
- -45.74%
- -45.74%
- P/E (x)
- 92.29x
- P/B (x)
- 7.66x
- Dividend Yield %
- 0.00%
- 44.88x
Mar 2025
- EPS (₹)
- 17.19
- Book Value (₹)
- 236.98
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 27.67
- Operating Margin %
- 17.88%
- Net Margin %
- 7.82%
- ROE %
- 7.53%
- ROCE %
- 10.57%
- 4.95%
- Debtor Days
- 96
- Inventory Days
- 187
- Payable Days
- 90
- 194
- Debt to Equity (x)
- 0.24x
- Interest Coverage (x)
- 4.23x
- 2.13x
- Revenue Growth %
- 16.40%
- Operating Profit Growth %
- 6.31%
- Net Profit Growth %
- -5.75%
- -5.75%
- P/E (x)
- 74.50x
- P/B (x)
- 5.41x
- Dividend Yield %
- 0.00%
- 32.55x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-18 - Mtar Technologies Limited has informed the Exchange about Schedule of meet
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Mtar Technologies Limited has informed the Exchange about Schedule of meet
Annual Reports
Credit Ratings
- Credit Rating- New
2026-07-07 - Mtar Technologies Limited has informed the Exchange about Credit Rating- New
Concalls
Aug 2026
Jul 2026
May 2026