MTAR Technologies Limited

BSE: MTARTECH543270ISIN INE864I01014

Industrials
Other Electrical Equipment
BSE 1000

Share price

₹6,037.65-273.20 (-4.33%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹8,714.95
52W low: ₹2,216.70
Off 52W high: -30.72%
1M return: -21.11%
3M return: -8.73%
6M return: -3.93%
1Y return: +138.94%
20D avg volume: 16,742
50 DMA: ₹7,143.62
200 DMA: ₹5,843.19

Key ratios Consolidated

Market cap: ₹18,572 Cr
Current price: ₹6,037.65
52W high / low: ₹8,714.95 / ₹2,216.70
Face value: ₹10.00
P/E: 139.17
P/B: 22.58
EPS (TTM): ₹43.38
Book value / share: ₹267.43
ROE: —
ROCE: 15.30%
Operating margin: —
Net margin: —
Debt / equity: 0.45
Net debt: ₹368.22 Cr
Interest cover: 5.30
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 286.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	360.72	306.07	277.96	135.59	156.58	183.09	174.46	190.19	128.26	142.97	118.38	166.84
	7.89	16.39	2.40	3.68	0.61	0.03	3.15	1.45	0.53	0.38	0.48	0.84
	368.61	322.46	280.37	139.27	157.19	183.12	177.60	191.64	128.79	143.35	118.86	167.68
	301.21	262.92	230.48	133.60	142.38	164.50	156.17	166.32	122.58	136.16	105.97	142.00
	204.32	165.00	163.94	81.77	92.77	95.66	96.00	88.22	69.63	81.55	59.08	80.10
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	46.52	43.05	40.22	33.33	34.32	34.51	31.34	29.89	28.02	25.36	23.99	23.42
	15.85	9.62	7.71	6.21	5.82	5.93	6.28	5.18	4.79	5.51	5.60	5.47
	9.69	9.04	8.83	8.79	8.37	9.62	8.69	7.78	6.14	5.91	5.85	5.79
	32.64	30.55	23.82	19.11	22.20	27.04	22.08	23.59	16.77	21.20	13.59	16.50
	67.40	59.54	49.88	5.67	14.81	18.62	21.43	25.31	6.21	7.19	12.89	25.69
	0.00	0.00	-3.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	67.40	59.54	46.12	5.67	14.81	18.62	21.43	25.31	6.21	7.19	12.89	25.69
	17.18	15.26	11.43	1.43	4.00	4.90	5.47	6.54	1.78	2.32	2.44	5.23
	50.23	44.28	34.69	4.25	10.81	13.72	15.96	18.77	4.43	4.87	10.45	20.46
	16.33	14.40	11.28	1.38	3.52	4.46	5.19	6.10	1.44	1.58	3.40	6.65
Key metrics
	92.94	78.20	62.66	20.67	29.00	34.17	36.40	38.27	17.14	18.61	24.34	36.95
	25.80%	25.50%	22.50%	15.20%	18.50%	18.70%	20.90%	20.10%	13.40%	13.00%	20.60%	22.10%
	13.90%	14.50%	12.50%	3.10%	6.90%	7.50%	9.10%	9.90%	3.50%	3.40%	8.80%	12.30%
	—	6.80%	—	1.40%	—	2.90%	—	—	—	—	—	—
	130.40%	67.20%	59.30%	-28.70%	22.10%	28.10%	47.40%	14.00%	—	—	—	—
	364.70%	222.70%	117.40%	-77.40%	144.00%	181.70%	52.70%	-8.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21
Income statement
	1,080	876.21	676.00	580.75	573.75	322.01	246.43
	30.36	23.09	5.15	5.81	19.48	8.75	1.31
	1,111	899.30	681.14	586.56	593.23	330.76	247.74
	928.21	769.38	609.58	513.52	453.00	248.54	182.91
	615.03	503.48	349.51	318.41	315.62	157.41	101.75
	0.00	0.00	0.00	—	—	—	—
	163.12	150.91	123.76	96.97	93.51	70.78	53.04
	39.39	29.36	22.18	22.31	14.57	6.65	7.00
	36.35	35.02	32.23	23.16	18.66	14.31	12.56
	106.12	95.68	89.48	68.69	56.76	40.55	30.16
	182.49	129.91	71.57	73.04	140.22	82.22	64.83
	-3.77	-3.77	0.00	0.00	0.00	0.00	0.00
	178.73	126.15	71.57	73.04	140.22	82.22	64.83
	45.30	32.12	18.68	18.35	36.80	21.35	18.76
	133.45	94.03	52.89	56.11	103.42	60.87	46.07
	43.39	30.57	17.19	18.24	33.62	19.79	16.99
Key metrics
	254.47	190.53	125.98	118.51	173.45	103.18	84.39
	23.55%	21.70%	18.60%	20.40%	30.20%	32.00%	34.20%
	12.35%	10.70%	7.80%	9.70%	18.00%	18.90%	18.70%
	—	15.30%	11.20%	—	—	—	—
	53.39%	29.60%	16.40%	1.20%	78.20%	30.70%	—
	125.19%	77.80%	-5.70%	-45.70%	69.90%	32.10%	—
	—	63.30	0.94	—	—	—	—
	—	2.09	1.91	—	—	—	—
	—	0.45	0.24	—	—	—	—
	—	368.22	175.33	—	—	—	—
	—	286.4	242.8	—	—	—	—
Balance sheet
	—	1,743	1,130	—	—	—	—
	—	1,128	618.08	—	—	—	—
	—	1.00	1.93	—	—	—	—
	—	336.82	209.78	—	—	—	—
	—	500.52	346.05	—	—	—	—
	—	50.04	38.47	—	—	—	—
	—	497.23	436.12	—	—	—	—
	—	149.90	106.12	—	—	—	—
	—	726.84	290.10	—	—	—	—
	—	369.22	177.26	—	—	—	—
	—	221.56	96.21	—	—	—	—
	—	147.66	81.05	—	—	—	—
	—	822.59	728.92	—	—	—	—
Cash flow
	—	196.90	101.25	—	—	—	—
	—	-352.61	-102.72	—	—	—	—
	—	154.77	-35.84	—	—	—	—
	—	133.60	100.31	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	—	360.72	306.03	277.90	135.59	156.58	183.10	174.45	190.18	128.23	142.94	118.22
	—	8.04	16.54	2.56	3.83	0.76	0.17	3.30	1.59	0.67	0.56	0.59
	—	368.76	322.57	280.46	139.42	157.34	183.27	177.75	191.77	128.90	143.50	118.81
	—	301.12	262.96	230.24	133.42	142.15	164.28	155.94	166.44	122.57	136.09	105.78
	—	204.27	164.95	163.94	81.77	92.77	95.73	95.72	87.73	69.32	81.23	58.80
	—	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	—	45.77	42.44	39.63	32.85	33.91	34.42	30.69	29.46	27.60	24.86	23.58
	—	15.85	9.61	7.71	6.21	5.82	5.93	6.28	5.17	4.78	5.51	5.54
	—	9.48	8.88	8.67	8.62	8.19	9.52	8.58	7.67	6.01	5.79	5.71
	—	33.81	31.12	24.32	19.58	22.54	27.26	22.19	24.72	17.43	22.08	14.24
	—	67.64	59.61	50.23	6.00	15.20	18.99	21.81	25.33	6.33	7.41	13.03
	—	0.00	0.00	-3.77	0.00	0.00	0.00	—	—	—	—	—
	—	67.64	59.61	46.46	6.00	15.20	18.99	21.81	25.33	6.33	7.41	13.03
	—	17.14	15.27	11.29	1.41	3.97	4.80	5.47	6.55	1.79	2.34	2.47
	—	50.50	44.34	35.17	4.59	11.23	14.20	16.33	18.78	4.54	5.07	10.56
	—	16.42	14.41	11.43	1.49	3.65	4.62	5.31	6.11	1.48	1.65	3.43
Key metrics
	—	92.97	78.10	62.84	20.83	29.21	34.44	36.67	38.17	17.12	18.71	24.28
	—	25.80%	25.50%	22.60%	15.40%	18.70%	18.80%	21.00%	20.10%	13.40%	13.10%	20.50%
	—	14.00%	14.50%	12.70%	3.40%	7.20%	7.80%	9.40%	9.90%	3.50%	3.50%	8.90%
	—	—	6.80%	—	1.40%	—	3.00%	—	—	—	—	—
	—	130.40%	67.10%	59.30%	-28.70%	22.10%	28.10%	47.60%	—	—	—	—
	—	349.70%	212.30%	115.40%	-75.60%	147.40%	180.10%	54.60%	—	—	—	—

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Income statement
	876.11	675.96	580.03	573.35	322.01	246.43
	23.69	5.74	6.36	19.70	8.75	1.31
	899.80	681.69	586.40	593.05	330.76	247.74
	768.76	609.24	513.17	452.16	248.53	182.90
	503.43	348.50	317.37	314.72	157.41	101.75
	0.00	0.00	—	—	—	—
	148.83	122.17	95.15	92.36	70.78	53.04
	29.34	22.16	22.17	14.50	6.65	7.00
	34.36	31.77	22.64	18.27	14.31	12.56
	97.56	91.60	72.22	57.98	40.55	30.15
	131.04	72.46	73.22	140.89	82.23	64.84
	-3.77	0.00	—	—	—	—
	127.27	72.46	73.22	140.89	82.23	64.84
	31.95	18.61	18.38	36.82	21.35	18.76
	95.32	53.85	56.27	104.08	60.88	46.08
	30.99	17.51	18.29	33.83	19.79	17.00
Key metrics
	190.97	126.39	118.03	173.66	103.19	84.40
	21.80%	18.70%	20.30%	30.30%	32.00%	34.20%
	10.90%	8.00%	9.70%	18.20%	18.90%	18.70%
	15.40%	11.20%	—	—	—	—
	29.60%	16.50%	1.20%	78.10%	30.70%	—
	77.00%	-4.30%	-45.90%	71.00%	32.10%	—
	63.37	0.20	—	—	—	—
	2.01	1.89	—	—	—	—
	0.45	0.24	—	—	—	—
	368.31	175.37	—	—	—	—
	286.2	242.7	—	—	—	—
Balance sheet
	1,744	1,128	—	—	—	—
	1,131	617.11	—	—	—	—
	0.91	1.87	—	—	—	—
	336.57	209.44	—	—	—	—
	499.42	345.26	—	—	—	—
	54.73	37.69	—	—	—	—
	495.27	422.36	—	—	—	—
	149.02	105.14	—	—	—	—
	725.28	286.60	—	—	—	—
	369.22	177.24	—	—	—	—
	221.56	96.21	—	—	—	—
	147.66	81.03	—	—	—	—
	825.68	730.72	—	—	—	—
Cash flow
	191.66	101.79	—	—	—	—
	-347.42	-103.99	—	—	—	—
	154.80	-35.14	—	—	—	—
	128.29	101.59	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +15.18%
Sales CAGR 5Y: +28.88%
Profit CAGR 3Y: -2.89%
Profit CAGR 5Y: +15.65%
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: +15.16%
Sales CAGR 5Y: +28.88%
Profit CAGR 3Y: -3.12%
Profit CAGR 5Y: +15.34%
Sales YoY (TTM): +53.39%
Profit YoY (TTM): +125.19%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 29.23%

Quarter	September 2026	June 2026
Promoter %	29.23%	29.35%

Holder	Type	Holding	Previous	Change
K VAMSHIDHAR REDDY	Promoter Group	5.71%	5.71%	0.00%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIF	Public	4.51%	—	—
MITTA MADHAVI	Promoter	4.44%	4.44%	0.00%
LEELAVATHI PARVATHA REDDY	Promoter	4.22%	4.29%	-0.07%
P SRINIVAS REDDY	Promoter	3.88%	3.88%	0.00%
MOTILAL OSWAL MULTI CAP FUND	Public	3.71%	—	—
SUNDARAM MUTUAL FUND A/C SUNDARAM SMALL CAP FUND	Public	3.28%	—	—
HSBC MUTUAL FUND - HSBC MULTI CAP FUND	Public	2.73%	—	—
A MANOGNA	Promoter	2.71%	2.71%	0.00%
P KALPANA REDDY	Promoter	2.56%	2.56%	0.00%
HDFC MUTUAL FUND - HDFC DEFENCE FUND	Public	2.44%	2.44%	0.00%
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK QUANT FUND	Public	2.09%	—	—
FRANKLIN INDIA MID CAP FUND	Public	1.76%	—	—
SARANYA LOKA REDDY	Promoter	1.63%	1.63%	0.00%
K SHALINI	Promoter	1.28%	1.33%	-0.05%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Waaree Energies Limited	69,097	2,402.10	17.82	30.60%	+75.43% TTM	+38.40% TTM	-28.70%
Apar Industries Ltd	66,997	16,000.25	48.65	29.20%	+23.42% TTM	+46.58% TTM	+91.81%
Premier Energies Limited	41,021	903.65	24.51	27.80%	+26.70% TTM	+59.90% TTM	-13.70%
Diamond Power Infrastructure Limited	23,020	384.90	83.20	10.60%	+109.34% TTM	+347.90% TTM	+147.13%
MTAR Technologies Limited	18,572	6,037.65	139.17	15.30%	+53.39% TTM	+125.19% TTM	+138.94%
Emmvee Photovoltaic Power Limited	17,052	246.30	12.02	34.80%	—	—	—
Avalon Technologies Limited	13,630	2,037.85	102.02	21.90%	+44.38% TTM	+67.08% TTM	+77.35%
Fujiyama Power Systems Limited	12,055	392.80	—	—	—	—	—
Genus Power Infrastructures Ltd	8,724	286.75	13.39	27.40%	+74.17% TTM	+62.75% TTM	-18.78%
WAAREE RENEWABLE TECHNOLOGIES LIMITED	7,643	732.20	16.04	62.50%	+77.69% TTM	+36.11% TTM	-39.28%
Ram Ratna Wires Ltd.	4,979	533.35	35.13	26.60%	+71.52% TTM	+89.64% TTM	+70.55%
Vikram Solar Limited	4,892	135.00	13.71	21.50%	—	—	-58.10%
Saatvik Green Energy Limited	4,666	367.10	18.83	30.80%	—	—	-30.50%
Yash Highvoltage Limited	3,709	1,240.95	—	27.50%	—	—	+151.48%
Websol Energy System Limited S	2,977	68.57	9.50	48.30%	+76.28% TTM	+57.56% TTM	-43.34%
RAVINDRA ENERGY LIMITED	2,817	141.85	48.42	11.30%	+30.04% TTM	+52.97% TTM	—
Rishabh Instruments Limited	2,488	640.80	30.24	13.50%	+5.63% TTM	+117.94% TTM	+64.31%
Modern Insulators Ltd. S	2,195	465.70	22.93	17.30%	+41.45% TTM	+101.32% TTM	+211.92%
ADVAIT ENERGY TRANSITIONS LIMITED	2,058	1,879.35	29.21	28.00%	+47.68% TTM	+64.93% TTM	+6.94%
Schneider Electric President Systems Ltd S	1,847	2,482.25	—	—	—	—	—
HINDUSTHAN INSULATORS and INDUSTRIES LIMITED	1,726	797.30	—	-3.90%	-10.45% TTM	-31.32% TTM	+446.08%
RIR POWER ELECTRONICS LIMITED S	1,163	146.20	123.90	5.90%	+13.31% TTM	+6.92% TTM	-44.25%
MODISON LIMITED	1,160	357.50	10.25	37.30%	+84.80% TTM	+255.83% TTM	+147.06%
Salzer Electronics Ltd.	867	490.45	19.32	18.20%	+20.81% TTM	-36.73% TTM	-36.19%
INDO SMC Limited S	819	358.55	19.93	29.00%	—	—	—

Filings & corporate actions

Recent announcements

Audio recordings of the earning call held on 30.10.202630 Oct 2026 · Company Update / Analyst / Investor Meet
Revised Investor Presentation30 Oct 2026 · Company Update / Investor Presentation
Investor presentation30 Oct 2026 · Company Update / Investor Presentation
press release on un-audited financial results for the quarter and half year ended 30.09.202629 Oct 2026 · Company Update / Press Release / Media Release
Results29 Oct 2026 · Result / Financial Results
Un-audited financial results for the quarter and half year ended 30.09.202629 Oct 2026 · Board Meeting / Outcome of Board Meeting
Intimation of receipt of merger order29 Oct 2026 · Company Update / General
Earnings conference call27 Oct 2026 · Company Update / Analyst / Investor Meet
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Motilal Oswal Focused Fund & Others27 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
MTAR Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/10/2026 ,inter alia, to consider and approve un-audited financial results ....24 Oct 2026 · Board Meeting / Board Meeting
The Exchange has received updates on Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 21, 2026 for Kavitha ....16 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Certificate u/r. 74(5) of SEBI (DP) Regulations, 201814 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Company has received ESG Rating CRISIL6 Oct 2026 · Company Update / General
Scrutinizer''s report28 Sep 2026 · AGM/EGM / AGM
Outcome of AGM28 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window for Unaudited Financial Results for the quarter and half year ended 30.09.202623 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Investors meet on 24.09.202621 Sep 2026 · Company Update / Analyst / Investor Meet
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Leelavathi Parvatha Reddy & PACs19 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 19, 2026 for Kavitha Reddy Gangapatnam19 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Leelavathi Parvatha Reddy & PACs18 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for K Shalini & PACs9 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for K Shalini & PACs8 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
News paper publication for Notice, Book closure & record date for the Annual General Meeting7 Sep 2026 · Company Update / Newspaper Publication
Book closure & cut-off date for the 27th Annual General Meeting5 Sep 2026 · AGM/EGM / AGM
BRSR5 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice for the 27th Annual General Meeting5 Sep 2026 · AGM/EGM / AGM
Annual report for the financial year 2025-265 Sep 2026 · Others / Reg. 34 (1) Annual Report
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 31, 2026 for Saranya Loka Reddy31 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 31, 2026 for Saranya Loka Reddy31 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Receipt of Order worth Rs. 126.74 Crs26 Aug 2026 · Company Update / Award of Order / Receipt of Order
Intimation of change in timing of Analyst / Institutional Investors Meeting18 Aug 2026 · Company Update / General
Group investors Meet & Plant visit17 Aug 2026 · Company Update / Analyst / Investor Meet
Transcript6 Aug 2026 · Company Update / Earnings Call Transcript
Investors meeting30 Jul 2026 · Company Update / Analyst / Investor Meet
Audio recordings30 Jul 2026 · Company Update / Analyst / Investor Meet
Newspaper publication for the results of the quarter ended 30.06.202630 Jul 2026 · Company Update / Newspaper Publication
Amendment in the order30 Jul 2026 · Company Update / Award of Order / Receipt of Order
Investor presentation30 Jul 2026 · Company Update / Investor Presentation
Press Release for Un-audited Financial Results29 Jul 2026 · Company Update / Press Release / Media Release
Results & others29 Jul 2026 · Board Meeting / Outcome of Board Meeting

Board meetings

29 Oct 2026 Board Meeting - Financial Results
29 Jul 2026 Board Meeting - Financial Results