MTAR Technologies share price, P/E, ROE & financials

As of 6 Nov 2026, MTAR Technologies trades at 88.7× trailing earnings, above the industry P/E of 33.8×, and the shares are 37% below their 52-week high. Its ROCE of 15% is the second-lowest among the 7 largest Specialty Industrial Machinery peers, and sales grew 15% a year over 3 years while net profit fell 3.1%. Debt is 0.65× equity. It is a small-cap company with a market cap of ₹16,759 Cr, ranked 15th of 138 Specialty Industrial Machinery companies by market cap; the shares rose 127% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹5,448.50
Day high: ₹5,448.50
Day low: ₹5,448.50
Prev. close: ₹5,735.00
Volume: 78K

Health check

1 good · 1 fair · 4 to check

ReturnsAhead
+127.0% over a year, better than 7 of 7 peers.
Price tagPricier
P/E 88.7 vs industry 33.8.
GrowthSlow
Sales +15.4%, profit −3.1% a year over 3 years.
ProfitabilityWeak
ROCE 14.8% vs peer median 24.8%.
Balance sheetFair
Debt 0.65× equity, interest covered 6.1×, Piotroski 5 of 9.
Red flags2 to check
P/E of 88.7 against an industry P/E of 33.8.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Industrial Machinery

137 listed peers. Screen the industry

Small cap

₹16,759 Cr, #15 of 138 in its industry by size.

High beta

Beta 1.50 vs the NIFTY 50: swings more than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹1,352 Cr · profit ₹189 Cr

Market cap: ₹16,759 Cr; Small cap
P/E: 88.7; Industry 33.8
Price to book: 17.97; Peers 9.16
Dividend yield: 0.00%
ROE: 22.5%; Peers 19.1%
ROCE: 14.8%; Peers 24.8%
Debt to equity: 0.65; Debt ₹603 Cr
EPS (TTM): ₹61.46; Face value ₹10
OPM (TTM): 23.2%; Net margin 14.0%
Sales growth: +200.0%; Latest quarter vs a year ago
Profit growth: +1309.4%; Latest quarter vs a year ago
Price to sales: 12.40; EV/EBITDA 55.1

Strengths

Return on equity of 22.5%.
Quarterly profit up 1309.4% on a year ago.
Quarterly sales up 200.0% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

P/E of 88.7 against an industry P/E of 33.8.
37% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About MTAR Technologies

MTAR Technologies Limited manufactures and sells high precision, heavy equipment, components, and machines in India and internationally. The company offers space solutions comprising liquid propulsion engines; cryogenic engines, including turbo pumps, booster pumps, gas generators, and injector heads; and electro-pneumatic modules. It also provides mechanical subsystems and systems integration for the defence and aerospace sectors; concaves, body slips,…

Headquarters: Hyderabad
Employees: 1,321
Sector: Industrials
ISIN: INE864I01014
Website: mtar.in

Price range

52 weeks

₹2,238.20₹8,714.00

Today

₹5,448.50₹5,448.50

Avg volume (3M): 1.6 L
1-year return: plus 127.0%
From 52-week high: minus 37.5%

Analyst consensus

5 analysts

Strong buyMean target ₹9,110.60 67.2%

Target range, with today’s price

Low ₹8,000.00High ₹10,240.00

Today’s price ₹5,448.50 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Specialty Industrial Machinery

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
BHELBharat Heavy Electricals	418.80	plus 0.17%	1,45,829	50.6	74.6	6.6%	10.1%	0.22	13.5%	plus 56.4%
ABBABB India	6,774.00	plus 2.20%	1,43,547	92.3	68.2	28.5%	13.8%	0.02	15.4%	plus 26.4%
SIEMENSSiemens	3,560.00	plus 3.73%	1,26,779	86.1	59.3	16.5%	10.4%	0.02	3.0%	plus 10.0%
CUMMINSINDCummins India	4,048.80	minus 0.25%	1,12,233	49.8	41.7	35.0%	19.1%	0.00	16.1%	minus 6.0%
GVT&DGE Vernova T&D India	4,018.00	minus 3.06%	1,02,879	71.3	56.6	58.5%	26.5%	0.01	31.1%	plus 31.7%
SUZLONSuzlon Energy	38.80	plus 0.54%	53,337	23.7	17.3	24.8%	16.7%	0.07	41.4%	minus 35.7%
AIAENGAIA Engineering	3,113.60	minus 2.77%	29,056	23.5	19.6	19.9%	27.4%	0.00	−3.4%	minus 3.9%
MTARTECHMTAR Technologies	5,448.50	minus 5.00%	16,759	88.7	98.8	14.8%	23.2%	0.65	15.4%	plus 127.0%
Median of 7 peers	–	0.17%	1,12,233	50.6	56.6	24.8%	16.7%	0.02	15.4%	10.0%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
154	274	303	356	402
126	210	241	271	303
28.4	64	61.8	85.1	99.2
18.4%	23.4%	20.4%	23.9%	24.7%
0.6	2.4	16.4	7.9	8.5
5.8	7.7	9.6	15.8	16.2
8.4	8.8	9	9.7	11.1
–	−3.8	–	–	–
14.8	46.1	59.5	67.4	80.3
27.0%	24.8%	25.6%	25.5%	25.5%
10.8	34.7	44.3	50.2	59.8
3.52	11.28	14.40	16.33	19.45

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +15.4%
Profit CAGR 3Y: −3.1%
EPS CAGR 3Y: −3.1%
ROE: 22.5%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
563	573	665	865
–	+1.7%	+16.1%	+30.2%
409	460	544	694
154	113	121	171
27.4%	19.7%	18.2%	19.8%
13.6	−0.3	−1.1	17.3
11.6	18.8	17.3	24.5
18.7	23.2	32.2	35
2.6	2.6	1.3	−2.9
140	73	71.6	126
26.2%	23.2%	26.1%	25.5%
103	56.1	52.9	94
–	minus 45.7%	minus 5.7%	+77.8%
33.62	18.24	17.19	30.57

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
30.8	30.8	30.8	30.8
589	646	698	792
143	191	177	377
300	140	224	544
1,063	1,008	1,130	1,743
360	431	501	605
69.3	90.9	64.5	93
0	0	0	0
44.2	47.5	8.2	218
590	438	557	827
1,063	1,008	1,130	1,743

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
7.4	57.4	101	197
−86.7	−55.6	−103	−353
32	25.3	−35.8	155
−47.3	27	−37.3	−0.9
−108	−94.2	−100	−134
−101	−36.8	0.9	63.3

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 36.0% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you