Added to YB: 2026-01-16
Pitch date: 2026-01-14
MTARTECH.NS [neutral]
MTAR Technologies Limited
Author Info
No bio for this author
Company Info
MTAR Technologies Limited manufactures and sells high precision, heavy equipment, components, and machines in India and internationally.
Market Cap
INR 81.0B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
73.84
P/E
180.99
EV/Sales
12.73
Sector
Machinery
Category
growth
MTAR Technologies: The Order Book Is Exploding… But the P&L is not.
MTARTECH.NS (overview): Strategic precision engineering co for nuclear, space, defense sectors. Q2 revenue ₹136cr (-28% YoY), margins compressed to 12.5% vs 19% due to inventory buildup for 2H execution. Order book ₹1,297cr growing to ₹2,800cr. Key catalysts: ₹386cr Bloom Energy fuel cell contract, 10yr Weatherford oil&gas deal (₹90cr/yr from FY27), nuclear orders ₹500cr+ from Kaiga 5&6. Management guides FY26 revenue growth 30-35%, EBITDA margins recovering to 21%. BofA bought ₹55cr stake. High working capital days 274 risk but temporary per mgmt.
Read full article (13 min)