MTAR Technologies Ltd.
•₹ 7,029.5-1.18%
2026-08-21
PROS
- Latest quarter profit grew 349.7% YoY, showing strong momentum
- 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 226 to 178
- 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 17.8% from 32.0%
- Stock is trading at 5.4x its book value
- Growth is decelerating - 3Y profit CAGR (-4.0%) trails the 5Y trend (11.5%)
* 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 | 7100.10 | 163.66 | 21839.62 | 0.00 | 50.23 | 364.51 | 360.72 | 133.61 | 10.57 | 23.58 |
| 2. | THEJO | 2101.20 | 40.70 | 2279.40 | 0.24 | 15.23 | 56.09 | 177.61 | 31.02 | 21.79 | 14.23 |
| 3. | SOUTHWEST | 215.55 | 17.61 | 703.80 | 0.00 | 9.34 | 288.51 | 61.68 | 53.36 | 13.57 | 26.33 |
| 4. | AHLADA | 38.59 | 0.00 | 49.86 | 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 150 | 165 | 116 | 142 | 126 | 187 | 171 | 181 | 154 | 134 | 274 | 303 | 361 | |
| 119 | 130 | 95 | 125 | 112 | 154 | 141 | 149 | 128 | 119 | 214 | 244 | 301 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 4 | 1 | 1 | 1 | 1 | 2 | 3 | 0 | 1 | 4 | 3 | 17 | 8 |
| Interest | 6 | 5 | 6 | 6 | 5 | 5 | 6 | 6 | 6 | 6 | 8 | 10 | 16 |
| Depreciation | 5 | 6 | 6 | 6 | 6 | 8 | 9 | 10 | 8 | 9 | 9 | 9 | 9 |
| 27 | 26 | 13 | 7 | 6 | 25 | 22 | 19 | 15 | 6 | 46 | 60 | 68 | |
| Tax % | 25.66% | 20.28% | 18.96% | 31.58% | 28.28% | 25.86% | 25.13% | 25.28% | 26.12% | 23.50% | 24.30% | 25.62% | 25.33% |
| Net Profit | 20 | 21 | 11 | 5 | 5 | 19 | 16 | 14 | 11 | 5 | 35 | 44 | 51 |
| 6 | 7 | 3 | 2 | 1 | 6 | 5 | 5 | 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
- 150
- 119
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 6
- Depreciation
- 5
- 27
- Tax %
- 25.66%
- Net Profit
- 20
- 6
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 165
- 130
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 6
- 26
- Tax %
- 20.28%
- Net Profit
- 21
- 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
- 1
- Interest
- 6
- Depreciation
- 6
- 13
- Tax %
- 18.96%
- Net Profit
- 11
- 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
- 1
- Interest
- 6
- Depreciation
- 6
- 7
- Tax %
- 31.58%
- Net Profit
- 5
- 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 %
- 28.28%
- Net Profit
- 5
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 187
- 154
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 5
- Depreciation
- 8
- 25
- Tax %
- 25.86%
- Net Profit
- 19
- 6
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 171
- 141
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 6
- Depreciation
- 9
- 22
- Tax %
- 25.13%
- Net Profit
- 16
- 5
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 181
- 149
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 6
- Depreciation
- 10
- 19
- Tax %
- 25.28%
- Net Profit
- 14
- 5
- 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 %
- 26.12%
- 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 %
- 23.50%
- Net Profit
- 5
- 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
- 3
- Interest
- 8
- Depreciation
- 9
- 46
- Tax %
- 24.30%
- 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
- 17
- Interest
- 10
- Depreciation
- 9
- 60
- Tax %
- 25.62%
- 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
- 9
- 68
- Tax %
- 25.33%
- Net Profit
- 51
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 81 | 101 | 157 | 184 | 214 | 246 | 322 | 573 | 580 | 676 | 1,072 | |
| 69 | 113 | 125 | 130 | 156 | 163 | 228 | 419 | 468 | 555 | 878 | |
| Operating Profit | 13 | -11 | 33 | 56 | 62 | 84 | 103 | 174 | 118 | 126 | — |
| OPM % | 16 | -11 | 21 | 30 | 29 | 34 | 32 | 30 | 20 | 19 | — |
| Other Income | 1 | 1 | 1 | 2 | 4 | 1 | 9 | 20 | 6 | 6 | 31 |
| Interest | 7 | 5 | 4 | 4 | 5 | 7 | 7 | 15 | 22 | 22 | 39 |
| Depreciation | 5 | 11 | 11 | 11 | 12 | 13 | 14 | 18 | 23 | 32 | 36 |
| 1 | -27 | 17 | 42 | 46 | 65 | 82 | 141 | 73 | 72 | 180 | |
| Tax % | 80 | 31 | 63 | 6 | 31 | 29 | 26 | 26 | 23 | 26 | 25 |
| Net Profit | 0 | -19 | 6 | 39 | 31 | 46 | 61 | 104 | 56 | 54 | 135 |
| EPS | 0 | -7 | 2 | 14 | 11 | 17 | 20 | 34 | 18 | 18 | — |
| Dividend Payout % | 0 | 0 | 0 | 36 | 26 | 40 | 15 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | -7 | 2 | 14 | 12 | 15 | 20 | 34 | 18 | 18 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | -7 | 2 | 14 | 12 | 15 | 20 | 34 | 18 | 18 | — |
Mar 2016
- 81
- 69
- Operating Profit
- 13
- OPM %
- 16
- Other Income
- 1
- Interest
- 7
- Depreciation
- 5
- 1
- Tax %
- 80
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2017
- 101
- 113
- Operating Profit
- -11
- OPM %
- -11
- Other Income
- 1
- Interest
- 5
- Depreciation
- 11
- -27
- Tax %
- 31
- Net Profit
- -19
- EPS
- -7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
Mar 2018
- 157
- 125
- Operating Profit
- 33
- OPM %
- 21
- Other Income
- 1
- Interest
- 4
- Depreciation
- 11
- 17
- Tax %
- 63
- Net Profit
- 6
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
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
- 573
- 419
- Operating Profit
- 174
- OPM %
- 30
- Other Income
- 20
- Interest
- 15
- Depreciation
- 18
- 141
- Tax %
- 26
- Net Profit
- 104
- 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
- 580
- 468
- Operating Profit
- 118
- 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
- 6
- Interest
- 22
- Depreciation
- 32
- 72
- Tax %
- 26
- Net Profit
- 54
- 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
TTM
- 1,072
- 878
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 39
- Depreciation
- 36
- 180
- Tax %
- 25
- Net Profit
- 135
- 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:
- 24%
- 5 Years:
- 26%
- 3 Years:
- 28%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 11%
- 3 Years:
- -4%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 42%
- 3 Years:
- 49%
- 1 Year:
- 365%
RETURN ON EQUITY
- 10 Years:
- 9%
- 5 Years:
- 12%
- 3 Years:
- 12%
- Last Year:
- 8%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 28 | 28 | 28 | 28 | 27 | 31 | 31 | 31 | 31 | 31 |
| 181 | 174 | 177 | 207 | 198 | 446 | 489 | 590 | 646 | 700 | |
| 26 | 29 | 20 | 29 | 29 | 10 | 70 | 65 | 48 | 50 | |
| Trade Payables | 4 | 21 | 14 | 6 | 31 | 35 | 57 | 218 | 61 | 105 |
| 18,353 | 48 | 46 | 35 | 62 | 65 | 81 | 159 | 220 | 242 | |
| Total Liabilities | 18,591 | 301 | 285 | 305 | 346 | 586 | 728 | 1,063 | 1,006 | 1,128 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 146 | 156 | 152 | 162 | 155 | 167 | 196 | 282 | 332 | 425 | |
| Capital Work in Progress | 8 | 8 | 2 | 6 | 12 | 11 | 44 | 63 | 68 | 53 |
| 0 | 0 | 0 | 0 | 0 | 0 | 62 | 34 | 7 | 7 | |
| 37 | 32 | 42 | 41 | 75 | 103 | 170 | 386 | 347 | 345 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 146 | 209 | |
| Cash & Bank | 7 | 10 | 9 | 11 | 23 | 191 | 67 | 31 | 51 | 17 |
| 18,394 | 97 | 80 | 86 | 81 | 115 | 188 | 266 | 56 | 72 | |
| Total Assets | 18,591 | 301 | 285 | 305 | 346 | 586 | 728 | 1,063 | 1,006 | 1,128 |
| Total Debt | 26 | 29 | 20 | 29 | 29 | 17 | 96 | 143 | 190 | 177 |
| Net Working Capital | 55 | 33 | 53 | 39 | 58 | 309 | 298 | 355 | 359 | 331 |
| Contingent Liabilities | 0 | 0 | 0 | 3 | 2 | 2 | 2 | 2 | 22 | 22 |
| Book Value per Share | 74.02 | 71.78 | 72.85 | 83.29 | 84.11 | 155.00 | 168.98 | 201.83 | 220.15 | 237.56 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 26 | 29 | 20 | 29 | 29 | 17 | 96 | 143 | 190 | 177 |
| Net Working Capital | 55 | 33 | 53 | 39 | 58 | 309 | 298 | 355 | 359 | 331 |
| Contingent Liabilities | 0 | 0 | 0 | 3 | 2 | 2 | 2 | 2 | 22 | 22 |
| Book Value per Share | 74.02 | 71.78 | 72.85 | 83.29 | 84.11 | 155.00 | 168.98 | 201.83 | 220.15 | 237.56 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 28
- 181
- 26
- Trade Payables
- 4
- 18,353
- Total Liabilities
- 18,591
- 146
- Capital Work in Progress
- 8
- 0
- 37
- 0
- Cash & Bank
- 7
- 18,394
- Total Assets
- 18,591
- Total Debt
- 26
- Net Working Capital
- 55
- Contingent Liabilities
- 0
- Book Value per Share
- 74.02
- Face Value
- 10.00
- Total Debt
- 26
- Net Working Capital
- 55
- Contingent Liabilities
- 0
- Book Value per Share
- 74.02
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 28
- 174
- 29
- Trade Payables
- 21
- 48
- Total Liabilities
- 301
- 156
- Capital Work in Progress
- 8
- 0
- 32
- 0
- Cash & Bank
- 10
- 97
- Total Assets
- 301
- Total Debt
- 29
- Net Working Capital
- 33
- Contingent Liabilities
- 0
- Book Value per Share
- 71.78
- Face Value
- 10.00
- Total Debt
- 29
- Net Working Capital
- 33
- Contingent Liabilities
- 0
- Book Value per Share
- 71.78
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 28
- 177
- 20
- Trade Payables
- 14
- 46
- Total Liabilities
- 285
- 152
- Capital Work in Progress
- 2
- 0
- 42
- 0
- Cash & Bank
- 9
- 80
- Total Assets
- 285
- Total Debt
- 20
- Net Working Capital
- 53
- Contingent Liabilities
- 0
- Book Value per Share
- 72.85
- Face Value
- 10.00
- Total Debt
- 20
- Net Working Capital
- 53
- Contingent Liabilities
- 0
- Book Value per Share
- 72.85
- Face Value
- 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
- 39
- Contingent Liabilities
- 3
- Book Value per Share
- 83.29
- Face Value
- 10.00
- Total Debt
- 29
- Net Working Capital
- 39
- Contingent Liabilities
- 3
- 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
- 155.00
- Face Value
- 10.00
- Total Debt
- 17
- Net Working Capital
- 309
- Contingent Liabilities
- 2
- Book Value per Share
- 155.00
- 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
- 168.98
- Face Value
- 10.00
- Total Debt
- 96
- Net Working Capital
- 298
- Contingent Liabilities
- 2
- Book Value per Share
- 168.98
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 31
- 590
- 65
- Trade Payables
- 218
- 159
- Total Liabilities
- 1,063
- 282
- Capital Work in Progress
- 63
- 34
- 386
- 0
- Cash & Bank
- 31
- 266
- Total Assets
- 1,063
- Total Debt
- 143
- Net Working Capital
- 355
- Contingent Liabilities
- 2
- Book Value per Share
- 201.83
- Face Value
- 10.00
- Total Debt
- 143
- Net Working Capital
- 355
- Contingent Liabilities
- 2
- Book Value per Share
- 201.83
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 31
- 646
- 48
- Trade Payables
- 61
- 220
- Total Liabilities
- 1,006
- 332
- Capital Work in Progress
- 68
- 7
- 347
- 146
- Cash & Bank
- 51
- 56
- Total Assets
- 1,006
- Total Debt
- 190
- Net Working Capital
- 359
- Contingent Liabilities
- 22
- Book Value per Share
- 220.15
- Face Value
- 10.00
- Total Debt
- 190
- Net Working Capital
- 359
- Contingent Liabilities
- 22
- Book Value per Share
- 220.15
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 31
- 700
- 50
- Trade Payables
- 105
- 242
- Total Liabilities
- 1,128
- 425
- Capital Work in Progress
- 53
- 7
- 345
- 209
- Cash & Bank
- 17
- 72
- Total Assets
- 1,128
- Total Debt
- 177
- Net Working Capital
- 331
- Contingent Liabilities
- 22
- Book Value per Share
- 237.56
- Face Value
- 10.00
- Total Debt
- 177
- Net Working Capital
- 331
- Contingent Liabilities
- 22
- Book Value per Share
- 237.56
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 12 | 14 | 42 | 56 | 9 | -30 | 9 | 55 | 102 | |
| Cash from Investing | -6 | -7 | -1 | -33 | -12 | -22 | -145 | -88 | -54 | -104 |
| Cash from Financing | -30 | -5 | -4 | -7 | -41 | 180 | 54 | 32 | 25 | -35 |
| -2 | -1 | 9 | 2 | 3 | 167 | -121 | -47 | 27 | -37 | |
| Free Cash Flow | 28 | -36 | 13 | 42 | 45 | -15 | -107 | -111 | -20 | -8 |
| OCF / Net Profit | 184.62 | -0.62 | 2.24 | 1.07 | 1.79 | 0.19 | -0.49 | 0.09 | 0.99 | 1.89 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 91 | 49 | -22 | -145 | -207 | -260 |
| OCF / Net Profit | 184.62 | -0.62 | 2.24 | 1.07 | 1.79 | 0.19 | -0.49 | 0.09 | 0.99 | 1.89 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 91 | 49 | -22 | -145 | -207 | -260 |
Mar 2016
- 34
- Cash from Investing
- -6
- Cash from Financing
- -30
- -2
- Free Cash Flow
- 28
- OCF / Net Profit
- 184.62
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 184.62
- Cumulative 5-Year FCF
- 0
Mar 2017
- 12
- Cash from Investing
- -7
- Cash from Financing
- -5
- -1
- Free Cash Flow
- -36
- OCF / Net Profit
- -0.62
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.62
- Cumulative 5-Year FCF
- 0
Mar 2018
- 14
- Cash from Investing
- -1
- Cash from Financing
- -4
- 9
- Free Cash Flow
- 13
- OCF / Net Profit
- 2.24
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.24
- Cumulative 5-Year FCF
- 0
Mar 2019
- 42
- Cash from Investing
- -33
- Cash from Financing
- -7
- 2
- Free Cash Flow
- 42
- OCF / Net Profit
- 1.07
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.07
- Cumulative 5-Year FCF
- 0
Mar 2020
- 56
- Cash from Investing
- -12
- Cash from Financing
- -41
- 3
- Free Cash Flow
- 45
- OCF / Net Profit
- 1.79
- Cumulative 5-Year FCF
- 91
- OCF / Net Profit
- 1.79
- Cumulative 5-Year FCF
- 91
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
- 49
- OCF / Net Profit
- 0.19
- Cumulative 5-Year FCF
- 49
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
- -22
- OCF / Net Profit
- -0.49
- Cumulative 5-Year FCF
- -22
Mar 2023
- 9
- Cash from Investing
- -88
- Cash from Financing
- 32
- -47
- Free Cash Flow
- -111
- OCF / Net Profit
- 0.09
- Cumulative 5-Year FCF
- -145
- OCF / Net Profit
- 0.09
- Cumulative 5-Year FCF
- -145
Mar 2024
- 55
- Cash from Investing
- -54
- Cash from Financing
- 25
- 27
- Free Cash Flow
- -20
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- -207
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- -207
Mar 2025
- 102
- Cash from Investing
- -104
- Cash from Financing
- -35
- -37
- Free Cash Flow
- -8
- OCF / Net Profit
- 1.89
- Cumulative 5-Year FCF
- -260
- OCF / Net Profit
- 1.89
- Cumulative 5-Year FCF
- -260
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.06 | -6.64 | 2.27 | 13.89 | 11.70 | 14.98 | 19.79 | 33.84 | 18.29 | 17.51 |
| Book Value (₹) | 74.02 | 71.78 | 72.85 | 83.29 | 84.11 | 155.00 | 168.98 | 201.83 | 220.15 | 237.56 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 5.00 | 3.00 | 6.00 | 3.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.94 | -2.85 | 6.25 | 17.88 | 16.21 | 19.06 | 24.45 | 39.78 | 25.65 | 27.84 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 15.83% | -10.78% | 20.57% | 30.46% | 29.16% | 34.25% | 32.04% | 30.29% | 19.25% | 17.85% |
| Net Margin % | 0.22% | -18.05% | 4.02% | 21.34% | 14.65% | 18.70% | 18.91% | 18.15% | 9.70% | 7.97% |
| ROE % | 0.09% | -9.11% | 3.14% | 17.80% | 13.61% | 13.13% | 12.22% | 18.25% | 8.67% | 7.65% |
| ROCE % | 3.09% | -9.40% | 9.46% | 18.82% | 19.42% | 19.21% | 16.02% | 22.53% | 11.70% | 10.66% |
| 0.00% | -0.20% | 2.19% | 13.28% | 9.62% | 9.88% | 9.27% | 11.62% | 5.44% | 5.05% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 79 | 102 | 100 | 99 | 96 | 103 | 121 | 110 | 112 | 96 |
| Inventory Days | 200 | 120 | 84 | 82 | 99 | 132 | 155 | 177 | 231 | 187 |
| Payable Days | 61 | 92 | 127 | 57 | 92 | 149 | 144 | 187 | 169 | 89 |
| 218 | 130 | 58 | 124 | 103 | 86 | 131 | 100 | 173 | 194 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.12x | 0.14x | 0.10x | 0.12x | 0.13x | 0.04x | 0.18x | 0.23x | 0.28x | 0.24x |
| Interest Coverage (x) | 1.13x | -4.09x | 4.85x | 10.32x | 10.58x | 10.26x | 13.37x | 10.72x | 4.30x | 4.27x |
| 2.05x | 1.35x | 1.83x | 1.57x | 1.51x | 4.46x | 2.80x | 2.04x | 2.75x | 2.15x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.82% | 23.56% | 55.57% | 17.27% | 16.39% | 15.28% | 30.67% | 78.05% | 1.17% | 16.54% |
| Operating Profit Growth % | 150.97% | -186.78% | 393.21% | 70.47% | 11.40% | 35.40% | 22.26% | 68.30% | -32.03% | 7.08% |
| Net Profit Growth % | 103.93% | 0.00% | 134.23% | 510.94% | -20.11% | 47.15% | 32.11% | 70.95% | -45.94% | -4.29% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -45.94% | -4.29% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 92.04x | 73.16x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.65x | 5.39x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 45.06x | 32.44x |
Mar 2016
- EPS (₹)
- 0.06
- Book Value (₹)
- 74.02
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.94
- Operating Margin %
- 15.83%
- Net Margin %
- 0.22%
- ROE %
- 0.09%
- ROCE %
- 3.09%
- 0.00%
- Debtor Days
- 79
- Inventory Days
- 200
- Payable Days
- 61
- 218
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 1.13x
- 2.05x
- Revenue Growth %
- 0.82%
- Operating Profit Growth %
- 150.97%
- Net Profit Growth %
- 103.93%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -6.64
- Book Value (₹)
- 71.78
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.85
- Operating Margin %
- -10.78%
- Net Margin %
- -18.05%
- ROE %
- -9.11%
- ROCE %
- -9.40%
- -0.20%
- Debtor Days
- 102
- Inventory Days
- 120
- Payable Days
- 92
- 130
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- -4.09x
- 1.35x
- Revenue Growth %
- 23.56%
- Operating Profit Growth %
- -186.78%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 2.27
- Book Value (₹)
- 72.85
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.25
- Operating Margin %
- 20.57%
- Net Margin %
- 4.02%
- ROE %
- 3.14%
- ROCE %
- 9.46%
- 2.19%
- Debtor Days
- 100
- Inventory Days
- 84
- Payable Days
- 127
- 58
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 4.85x
- 1.83x
- Revenue Growth %
- 55.57%
- Operating Profit Growth %
- 393.21%
- Net Profit Growth %
- 134.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 13.89
- Book Value (₹)
- 83.29
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 17.88
- Operating Margin %
- 30.46%
- Net Margin %
- 21.34%
- ROE %
- 17.80%
- ROCE %
- 18.82%
- 13.28%
- Debtor Days
- 99
- Inventory Days
- 82
- Payable Days
- 57
- 124
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 10.32x
- 1.57x
- Revenue Growth %
- 17.27%
- Operating Profit Growth %
- 70.47%
- Net Profit Growth %
- 510.94%
- 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 (₹)
- 155.00
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 19.06
- Operating Margin %
- 34.25%
- Net Margin %
- 18.70%
- 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 %
- 35.40%
- Net Profit Growth %
- 47.15%
- 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 (₹)
- 168.98
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 24.45
- Operating Margin %
- 32.04%
- Net Margin %
- 18.91%
- ROE %
- 12.22%
- ROCE %
- 16.02%
- 9.27%
- 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 %
- 22.26%
- Net Profit Growth %
- 32.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 33.84
- Book Value (₹)
- 201.83
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 39.78
- Operating Margin %
- 30.29%
- Net Margin %
- 18.15%
- ROE %
- 18.25%
- ROCE %
- 22.53%
- 11.62%
- Debtor Days
- 110
- Inventory Days
- 177
- Payable Days
- 187
- 100
- Debt to Equity (x)
- 0.23x
- Interest Coverage (x)
- 10.72x
- 2.04x
- Revenue Growth %
- 78.05%
- Operating Profit Growth %
- 68.30%
- Net Profit Growth %
- 70.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 18.29
- Book Value (₹)
- 220.15
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 25.65
- Operating Margin %
- 19.25%
- Net Margin %
- 9.70%
- ROE %
- 8.67%
- ROCE %
- 11.70%
- 5.44%
- Debtor Days
- 112
- Inventory Days
- 231
- Payable Days
- 169
- 173
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 4.30x
- 2.75x
- Revenue Growth %
- 1.17%
- Operating Profit Growth %
- -32.03%
- Net Profit Growth %
- -45.94%
- -45.94%
- P/E (x)
- 92.04x
- P/B (x)
- 7.65x
- Dividend Yield %
- 0.00%
- 45.06x
Mar 2025
- EPS (₹)
- 17.51
- Book Value (₹)
- 237.56
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 27.84
- Operating Margin %
- 17.85%
- Net Margin %
- 7.97%
- ROE %
- 7.65%
- ROCE %
- 10.66%
- 5.05%
- Debtor Days
- 96
- Inventory Days
- 187
- Payable Days
- 89
- 194
- Debt to Equity (x)
- 0.24x
- Interest Coverage (x)
- 4.27x
- 2.15x
- Revenue Growth %
- 16.54%
- Operating Profit Growth %
- 7.08%
- Net Profit Growth %
- -4.29%
- -4.29%
- P/E (x)
- 73.16x
- P/B (x)
- 5.39x
- Dividend Yield %
- 0.00%
- 32.44x
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