MTAR Technologies Ltd

MTAR Technologie Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

MTAR Technologies Ltd

₹ 1,744 -0.82%
22 Nov - close price
mtar.in BSE: 543270 NSE: MTARTECH
About

MTAR develops and manufactures components and equipment for the defense, aerospace, nuclear and clean energy sectors. The company was incorporated in 1970 by the promoters, Mr PR Reddy, Mr KSN Reddy and Mr PJ Reddy, to cater to the technical and engineering needs of the Indian government in the post embargo regime. MTAR has manufacturing footprints in Hyderabad with seven units spread across a 4 km radius and a dedicated export facility as well. [1]

In addition, the company also supplies specialised products such as Ball Screws, Water Lubricated Bearings, Roller Screws, Electro-Mechanical Actuation Systems, ASP assemblies etc. that find applications across diverse sectors.[2]

Key Points

Subsidiaries:[1]
A. Gee Pee Aerospace and Defence Private Limited
B. Magnatar Aero Systems Private Limited - non operational

Website BSE NSE
  • Market Cap ₹ 5,365 Cr.
  • Current Price ₹ 1,744
  • High / Low ₹ 2,353 / 1,495
  • Stock P/E 139
  • Book Value ₹ 227
  • Dividend Yield 0.00 %
  • ROCE 11.4 %
  • ROE 8.36 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 126 to 92.1 days.

Cons

  • Stock is trading at 7.67 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 12.6% over last 3 years.
  • Dividend payout has been low at 5.05% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -13.8%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Aerospace & Defence Industry: Engineering

Part of BSE Industrials BSE Allcap Nifty Total Market Nifty Microcap 250 BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
91 78 99 91 126 160 196 153 167 118 143 128 190
62 55 71 66 91 115 147 118 131 95 125 112 153
Operating Profit 29 23 28 25 35 45 49 35 36 24 18 17 37
OPM % 32% 29% 28% 27% 28% 28% 25% 23% 22% 20% 13% 13% 19%
3 1 2 4 5 6 5 4 1 0 0 1 1
Interest 1 2 3 2 3 4 6 6 5 6 6 5 5
Depreciation 4 4 4 4 5 5 5 6 6 6 6 6 8
Profit before tax 27 19 24 22 33 42 43 27 26 13 7 6 25
Tax % 30% 29% 17% 27% 25% 25% 28% 25% 20% 19% 32% 29% 26%
19 13 20 16 25 31 31 20 20 10 5 4 19
EPS in Rs 6.19 4.33 6.44 5.27 8.03 10.22 10.10 6.61 6.65 3.40 1.58 1.44 6.10
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
214 246 322 574 581 580
156 163 228 420 468 484
Operating Profit 58 83 94 154 113 96
OPM % 27% 34% 29% 27% 19% 16%
4 1 9 19 6 3
Interest 5 7 7 15 22 21
Depreciation 12 13 14 19 23 26
Profit before tax 46 65 82 140 73 52
Tax % 31% 29% 26% 26% 23%
31 46 61 103 56 39
EPS in Rs 11.70 14.98 19.79 33.62 18.24 12.52
Dividend Payout % 43% 40% 15% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 33%
TTM: -14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: -63%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -7%
1 Year: -22%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 27 31 31 31 31 31
Reserves 198 446 489 589 646 669
29 17 96 143 191 184
92 93 112 300 140 167
Total Liabilities 346 586 728 1,063 1,008 1,050
155 167 196 291 341 344
CWIP 12 11 44 64 73 87
Investments 0 0 62 27 0 0
179 409 425 680 594 619
Total Assets 346 586 728 1,063 1,008 1,050

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
56 9 -30 7 57
-12 -22 -145 -87 -56
-41 180 54 32 25
Net Cash Flow 3 167 -121 -47 27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 105 114 154 133 92
Inventory Days 382 467 535 524 420
Days Payable 155 158 179 296 86
Cash Conversion Cycle 332 423 510 361 426
Working Capital Days 109 190 270 230 251
ROCE % 19% 16% 22% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
50.25% 50.26% 47.47% 47.18% 47.18% 46.63% 39.14% 39.14% 37.26% 37.26% 36.42% 36.42%
2.90% 6.19% 2.30% 3.18% 3.79% 2.51% 4.52% 8.81% 11.02% 10.57% 7.74% 7.81%
23.81% 23.46% 27.26% 27.74% 28.31% 27.57% 28.02% 24.06% 18.97% 18.07% 15.96% 17.28%
23.04% 20.10% 22.98% 21.90% 20.72% 23.28% 28.32% 27.98% 32.76% 34.10% 39.88% 38.49%
No. of Shareholders 1,26,5561,60,5231,74,3181,84,1071,84,1342,05,4302,11,2272,75,1683,12,4623,13,0193,35,0683,17,125

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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