Manufactures precision-engineered components and assemblies across civil nuclear, clean energy (hydrogen fuel cells), aerospace & defense, data center infrastructure, and oil & gas. Revenue is project-driven from long-cycle orders — the closing order book at Q1 FY27-end stood at Rs. 5,140 cr plus Rs. 800 cr incremental, with Rs. 2,895 cr of new inflows booked in Q1 FY27 alone, including a Rs. 504 cr Kaiga nuclear order. Clean energy builds hydrogen fuel cell assemblies for Bloom Energy across three phased capacity additions, with Phase 3 multi-fold expansion targeted by March 2027. Civil nuclear executes reactor components across Kaiga 5/6, the PFBR criticality milestone, and the Mahi Banswara 4-reactor opportunity; the nuclear order book exceeds Rs. 650 cr. Aerospace & defense supplies the LCA Tejas Mark 1A and AMCA programs domestically and MNC aerospace customers, with FY27 segment revenue guided to double. A new data center infrastructure vertical was entered on a Rs. 35 cr first article order, with Rs. 400-500 cr revenue potential over two years. An oil & gas plant is targeted for commissioning in September 2026, with Rs. 450-500 cr revenue guided from this plant over 3-4 years. FY26 revenue was Rs. 876.2 cr. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Clean energy, Civil nuclear, Aerospace & defense, Data center infrastructure, Oil & gas. Multi-vertical precision engineering for nuclear, clean energy, aerospace & defense, data centers and oil & gas; long-cycle order-book driven.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 322 | 574 | 581 | 676 | 876 |
| EBITDA (ex other income) | 94 | 154 | 113 | 121 | 167 |
| margin % | 29.3 | 26.8 | 19.4 | 17.9 | 19.1 |
| Owners' profit | 0 | 0 | 0 | 53 | 0 |
| EPS, as reported (₹) | 19.79 | 33.62 | 18.24 | 17.19 | 30.57 |
| ROE % · ROCE % | 11.7 · 15.8 | 16.7 · 21.4 | 8.3 · 11.9 | 7.3 · 11.2 | 11.4 · 15.3 |
| Debt / equity (x) | 0.18 | 0.23 | 0.28 | 0.24 | 0.45 |
| Cash from operations | (30) | 7 | 57 | 101 | 197 |
| Capex | (91) | (108) | (94) | (100) | (134) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 190 | 174 | 183 | 157 | 136 | 278 | 306 | 361 |
| Profit before tax | 25 | 21 | 19 | 15 | 6 | 46 | 60 | 67 |
| 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 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WAAREE ENERGIES LIMITED | 75,508 | 19.8 | 5.03 | 12.2 | 25.9 | 29.0 | — | 20.3 |
| APAR INDUSTRIES LTD. | 70,293 | 59.5 | 13.03 | 36.9 | 18.1 | 21.9 | 29.1 | 12.0 |
| PREMIER ENERGIES LIMITED | 44,224 | 26.2 | 10.26 | 18.0 | 35.0 | 25.7 | — | 30.8 |
| EMMVEE PHOTOVOLTAIC PWR L | 23,872 | 17.9 | 6.46 | 13.3 | 29.3 | 31.2 | — | 36.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · MTAR Technologies promoter K. Shalini sells 18,000 shares via open market | ownership changes | low | — | — |
| 8 Sept 2026 · Promoter K Shalini sells 18,000 MTAR Technologies shares on open market | ownership changes | medium | — | — |
| 7 Sept 2026 · Notice of 27th AGM published in newspapers, meeting on Sept 28 | compliance | minimal | — | — |
| 5 Sept 2026 · MTAR Technologies fixes book closure dates for 27th AGM on Sep 28, 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · MTAR Technologies files BRSR for FY26 highlighting clean energy focus | compliance | minimal | — | — |
| 5 Sept 2026 · 27th AGM set for 28 September; borrowing proposal on agenda | board shareholder meetings | low | — | — |
| 5 Sept 2026 · MTAR Technologies files FY26 annual report, 27th AGM on Sep 28 2026 | board shareholder meetings | medium | — | — |
| 31 Aug 2026 · Promoter Saranya Loka Reddy pledges 1,05,000 MTAR shares as loan security | ownership changes | high | — | — |
| 31 Aug 2026 · Promoter Saranya Loka Reddy releases 1.05 lakh pledged shares | ownership changes | high | — | — |
| 26 Aug 2026 · MTAR Technologies secures Rs 126.74 Cr order from NPCIL for reactor refurbishment | business updates | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| MTAR TECHNOLOGIES LIMITED ◆ | 22,531 | 168.8 | 27.39 | 120.2 | 11.4 | 12.4 | 28.9 | 25.8 |
| DIAMOND POWER INFRA LTD | 19,448 | 98.9 | — | 94.7 | (26.2) | 8.6 | — | 12.3 |
| AVALON TECHNOLOGIES LTD | 15,293 | 114.3 | 21.19 | 76.2 | 15.6 | 20.0 | — | 12.5 |
| GENUS POWER INFRASTRU LTD | 9,830 | 13.7 | 4.43 | 12.1 | 26.7 | 22.7 | 50.8 | 22.1 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 168.8 | 26.2 | 52 of 53 | 2% |
| P/B | 27.4 | 3.6 | 48 of 49 | 2% |
| ROCE | 12.4 | 12.3 | 28 of 56 | 51% |
| ROE | 11.4 | 11.5 | 28 of 53 | 48% |
| Debt / Equity | 0.5 | 0.2 | 34 of 53 | 37% |
| EBITDA margin | 25.8 | 12.6 | 11 of 51 | 80% |
| Revenue growth | 130.4 | 20.7 | 2 of 46 | 98% |
| Profit growth | 364.5 | 37.7 | 6 of 45 | 89% |
| Market cap | 22531 | 641 | 5 of 56 | 93% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
