Is MTAR Technologies a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that MTAR Technologies Ltd is a average quality company .

Is MTAR Technologies undervalued or overvalued?

The key valuation ratios of MTAR Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is MTAR Technologies share price return in the past 10 years?

Data is not available for this company

Is MTAR Technologies a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of MTAR Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

MTAR Technologies Ltd - Stock Valuation and Financial Performance

Name: MTAR Technologies
Brand: MTAR Technologies

BSE: 543270 | NSE: MTARTECH | Engineering | Small Cap

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MTAR Technologies Share Price

₹1,750.55 -5.20 -0.30%
as on 22-Nov'24 16:59

10 Year X-Ray of MTAR Technologies:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0.1%	3.1%	-9.4%	9.5%	18.8%	19.4%	19.2%	16%	22.5%	11.7%	-
Value Creation Index ⓘ	-1.0	-0.8	-1.7	-0.3	0.4	0.4	0.4	0.2	0.7	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	80.8	81.5	101	157	184	214	246	322	573	580	574
Sales YoY Gr.	-	0.8%	23.6%	55.6%	17.3%	16.4%	15.3%	30.7%	78.1%	1.2%	-
Adj EPS ⓘ	-1.8	0	-6.5	2.3	13.3	10.9	15	19.1	30.6	17.8	12.7
YoY Gr.	-	NA	-21800%	NA	487.6%	-17.6%	37.5%	27.3%	59.8%	-41.9%	-
BVPS (₹) ⓘ	74	74	71.8	72.9	83.3	84.1	155	169	201.8	220.2	227.7
Adj Net Profit ⓘ	-5.1	0.1	-18.4	6.4	37.5	29.3	46.3	58.9	94.1	54.7	39
Cash Flow from Ops. ⓘ	6.1	33.5	11.6	14.4	42.1	56.2	8.6	-29.8	8.9	55.5	-
Debt/CF from Ops. ⓘ	8	0.8	2.5	1.4	0.7	0.5	2	-3.2	16.1	3.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	24.5%	25.9%	33%	1.2%
Adj EPS ⓘ	NA	6%	5.7%	-41.9%
BVPSⓘ	12.9%	21.5%	12.4%	9.1%
Share Price	-	-	-6.5%	-21.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-2.4	0	-8.9	3.1	17	12.7	13.2	11.8	16.5	8.4	5.7
Op. Profit Mgn % ⓘ	4.5	14.8	-11.3	20.4	29.3	27.1	33.8	29.3	26.9	19.3	16.5
Net Profit Mgn % ⓘ	-6.3	0.1	-18.2	4.1	20.4	13.7	18.8	18.3	16.4	9.4	6.8
Debt to Equity ⓘ	0.2	0.1	0.1	0.1	0.1	0.1	0	0.2	0.2	0.3	0.1
Working Cap Days ⓘ	712	41,604	32,610	286	247	241	277	327	322	378	159
Cash Conv. Cycle ⓘ	293	259	182	135	155	153	164	203	168	232	98

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 33.02%

Return on Equity has declined versus last 3 years average to 5.70%

Net Profit has been subdued in last 3 years 5.74%

Sales growth is not so good in last 4 quarters at -13.95%

Latest Financials - MTAR Technologies Ltd.

	Standalone	Consolidated
TTM EPS (₹)	12.7	12.5
TTM Sales (₹ Cr.)	574	574
BVPS (₹.) ⓘ	227.7	227.4
Reserves (₹ Cr.) ⓘ	670	669
P/BV ⓘ	7.69	7.70
PE ⓘ	138.22	139.79

From the Market
52 Week Low / High (₹)	1495.00 / 2353.15
All Time Low / High (₹)	870.00 / 2920.00
Market Cap (₹ Cr.)	5,385
Equity (₹ Cr.)	30.8
Face Value (₹)	10
Industry PE ⓘ	46.1

Management X-Ray of MTAR Technologies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

2.05

2.65

6.89

8.27

6.64

9.16

8.59

8.50

* Pledged shares as % of Promoter's holding (%)

Valuation of MTAR Technologies

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Price to Earnings

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Analyst's Notes

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Key Ratios of MTAR Technologies

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	81	81	101	157	184	214	246	322	573	580
Operating Expenses ⓘ	79	69	113	125	130	156	163	228	419	468
Manufacturing Costs	7	7	15	24	18	22	21	29	41	54
Material Costs	31	24	50	50	63	72	80	116	269	301
Employee Cost	28	34	39	45	44	52	53	71	92	95
Other Costs ⓘ	14	5	9	6	6	10	9	12	17	18
Operating Profit ⓘ	1	12	-12	32	54	58	83	94	154	112
Operating Profit Margin (%)	1.7%	14.8%	-11.9%	20.4%	29.2%	27.1%	33.7%	29.3%	26.9%	19.3%
Other Income ⓘ	4	1	1	1	2	4	1	9	20	6
Interest ⓘ	8	7	5	4	4	5	7	7	15	22
Depreciation ⓘ	5	5	11	11	11	12	13	14	18	23
Exceptional Items ⓘ	0	0	0	0	1	0	0	0	0	0
Profit Before Tax ⓘ	-7	1	-27	17	42	46	65	82	141	73
Tax ⓘ	-3	1	-9	11	2	14	19	21	37	17
Profit After Tax	-5	0	-19	6	39	31	46	61	104	56
PAT Margin (%)	-5.7%	0.2%	-18.6%	4.1%	21.3%	14.7%	18.7%	18.9%	18.2%	9.7%
Adjusted EPS (₹)	-1.6	0.1	-6.6	2.3	13.9	11.7	15.0	19.8	33.8	18.3
Dividend Payout Ratio (%)	0%	0%	0%	0%	36%	26%	40%	15%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	209	209	203	206	235	225	477	520	621	677
Share Capital ⓘ	28	28	28	28	28	27	31	31	31	31
Reserves ⓘ	180	181	174	177	207	198	446	489	590	646
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	49	26	29	20	29	29	12	73	115	145
Long Term Debt	0	0	0	0	0	0	7	26	78	97
Short Term Debt	49	26	29	20	29	29	5	47	38	48
Trade Payables	4	4	21	14	6	31	35	57	218	70
Others Liabilities ⓘ	45	18,353	48	46	35	62	63	78	109	114
Total Liabilities ⓘ	306	18,591	301	285	305	346	586	728	1,063	1,006
Fixed Assets
Gross Block	203	209	257	264	198	203	227	271	371	442
Accumulated Depreciation	58	63	101	112	36	48	60	75	89	110
Net Fixed Assetsⓘ	145	146	156	152	162	155	167	196	282	332
CWIP ⓘ	8	8	8	2	6	12	11	44	63	68
Investmentsⓘ	0	0	0	0	0	0	0	62	34	7
Inventories	53	37	32	42	41	75	103	170	386	347
Trade Receivables	16	20	39	49	50	62	77	136	208	146
Cash Equivalents	8	7	10	9	11	23	191	67	31	51
Others Assetsⓘ	76	18,374	58	31	35	19	38	52	58	56
Total Assets ⓘ	306	18,591	301	285	305	346	586	728	1,063	1,006

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	6	34	12	14	42	56	9	-30	9	55
PBT ⓘ	-7	1	-27	17	42	46	65	82	141	73
Adjustment ⓘ	14	11	15	7	16	15	17	14	28	42
Changes in Working Capital ⓘ	-1	21	25	-7	-6	3	-62	-108	-128	-38
Tax Paid ⓘ	0	1	-1	-3	-9	-7	-12	-18	-32	-21
Cash Flow From Investing Activity ⓘ	-1	-6	-7	-1	-33	-12	-22	-145	-88	-54
Capex	-2	-6	-7	-2	-24	-12	-23	-91	-106	-90
Net Investments	0	-1	0	0	-9	-1	-1	-57	27	37
Others ⓘ	1	1	1	1	1	1	1	4	-9	-1
Cash Flow From Financing Activityⓘ	3	-30	-5	-4	-7	-41	180	54	32	25
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	211	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	12	37	56	37
Interest Paid ⓘ	0	-7	-5	-4	-6	-6	-6	-6	-15	-22
Dividend Paid ⓘ	0	0	0	0	-10	-17	-8	-18	0	0
Others ⓘ	3	-23	0	0	9	-18	-28	42	-9	10
Net Cash Flow ⓘ	8	-2	-1	9	2	3	167	-121	-47	27

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-2.19	0.09	-9.11	3.14	17.8	13.61	13.13	12.22	18.25	8.67
ROCE (%)	0.13	3.09	-9.4	9.46	18.82	19.42	19.21	16.02	22.53	11.7
Asset Turnover Ratio	0.25	0.01	0.01	0.54	0.62	0.66	0.53	0.49	0.64	0.56
PAT to CFO Conversion(x)	N/A	N/A	N/A	2.33	1.08	1.81	0.2	-0.49	0.09	0.98
Working Capital Days
Receivable Days	72	79	102	100	99	96	103	121	110	112
Inventory Days	234	200	120	84	82	99	132	155	177	231
Payable Days	30	61	92	127	57	92	149	144	187	175

MTAR Technologies Ltd Stock News

MTAR Technologies Ltd FAQs

What is the share price of MTAR Technologies?

Company share prices are keep on changing according to the market conditions. The closing price of MTAR Technologies on 22-Nov-2024 16:59 is ₹1,750.6.

What is the market cap of MTAR Technologies?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Nov-2024 16:59 the market cap of MTAR Technologies stood at ₹5,384.6.

What is the P/E ratio of MTAR Technologies?

The latest P/E ratio of MTAR Technologies as of 22-Nov-2024 16:59 is 138.2.

What is the P/B ratio of MTAR Technologies?

The latest P/B ratio of MTAR Technologies as of 22-Nov-2024 16:59 is 7.69.

What is the 52-week high and low of MTAR Technologies?

The 52-week high of MTAR Technologies is ₹2,353.2 and the 52-week low is ₹1,495.

What is the TTM revenue of MTAR Technologies?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MTAR Technologies is ₹574.2 ( Cr.) .

About MTAR Technologies Ltd

MTAR Technologies is a leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance, through its precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously developed and manufactured. It primarily serves customers in the clean energy, nuclear and space and defence, sectors.

Since inception, it has strived to grow continually, contributing to the Indian civilian nuclear power programme, Indian space programme, Indian defence and aerospace sector, as well as to the global clean energy sector and the global defence and aerospace sector. Over the years, it has also developed import substitutes such as ball screws and water lubricated bearings that are specialized and used in the sectors it caters to. The engineering capability of the company, evolved over decades, has enabled it to consistently offer quality complex precision manufactured components and assemblies, within stipulated timelines and at reasonable cost in most cases, allowing it to forge a robust relationship with its customers.

The company currently operates through seven manufacturing facilities, including an export-oriented unit (EOU). These manufacturing facilities, each of which is situated in Hyderabad, Telangana, employ advanced equipment to undertake precision machining, assembly, testing and quality control, specialized fabrication, brazing and heat treatment, and other specialized processes, leading to the company being a one-stop solutions company for its customers. Over the years, it has made investments in processes, infrastructure and systems, and in specialized training to its technical team to become a leading player in nuclear and space and defence sectors. It has also implemented various information technology solutions including for assisting in its designing and manufacturing operations, and enterprise resource planning (ERP) solutions to integrate key areas of its operations.

Business area of the company

The company develops and manufactures a wide range of mission critical assemblies and precision components with close tolerances (5-10 microns), through its precision machining, assembly, and specialized fabrication facilities, for onward usage by its customers in the clean energy, nuclear, and space and defence sectors in India, and abroad.

Major events and milestones

1999: Incorporation of the company upon its conversion from a partnership firm to a private limited company.
1999: Commencement of manufacture of base shroud and fin assembly and pneumatic components for use in flight systems.
2003: Manufacture of control and safety red drive mechanism and diverse safety rod drive mechanism for IGCAR.
2008: Manufacture of grid plates for a 500 mega-watt prototype fast breeder reactor.
2012: Manufacture of power units for Bloom Energy.
2018: Commencement of defence exports by company.

Awards, accreditations or recognitions

2002: The Company was awarded the ‘Award for Excellence in Aerospace Indigenisation’ by the Society of Indian Aerospace Technologies and Industries for the outstanding contributions made by company towards the indigenisation of machining of critical components for ‘Kaveri’ engines.
2004: The company was awarded the ‘INS Industrial Excellence Award’ by the Indian Nuclear Society for the contributions made by the company in the nuclear field by undertaking critical development jobs.
2005: The company was awarded the ‘Defence Technology Absorption Award’ by the Defence Research and Development Organisation, in recognition of the outstanding contribution made by the Company in technology absorption in the area of Agni missiles.
2018: The company was awarded the ‘Best Quality Supplier Award’ by the helicopter division of Hindustan Aeronautics Limited, at the Business Partners Quality Meet, 2018.