| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 407 | 136 | +200.0% |
| EBITDA | 99.3 | 17.0 | +483.9% |
| EBITDA margin | 24.4% | 12.5% | +11.9 pts |
| Profit before tax | 80.0 | 6.0 | +1,233.3% |
| Net profit | 59.6 | 4.6 | +1,197.5% |
| EPS | ₹19.36 | ₹1.49 | +1,199.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 22,019 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 362 | 216 | 1.9 | 39.2 | 39.7 | ||
| 369 | 369 | 177 | 190 | 143 | ||
| 22,026 | — | — | — | — | ||
| 1,351 | 876 | 676 | 580 | 573 | ||
| — | +29.6% | +16.5% | +1.2% | — | ||
| 310 | 171 | 121 | 112 | 154 | ||
| 22.9% | 19.5% | 17.9% | 19.3% | 26.9% | ||
| 271 | 137 | 88.9 | 89.0 | 136 | ||
| 190 | 95.3 | 53.9 | 56.3 | 104 | ||
| 14.0% | 10.9% | 8.0% | 9.7% | 18.2% | ||
| ₹61.63 | ₹30.99 | ₹17.51 | ₹18.29 | ₹33.84 | ||
| — | +77.0% | −4.3% | −45.9% | — | ||
| — | 192 | 102 | 55.5 | 8.9 | ||
| — | −128 | −102 | −90.4 | −107 | ||
| 63.4 | 63.4 | 0.2 | −34.9 | −97.6 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 22,018.8 | |
| - Cash, Equiv & ST Investments | 39.7 | 39.2 | 1.9 | 216.2 | 362.3 | |
| + Total Debt | 142.8 | 190.2 | 177.2 | 369.2 | 369.2 | |
| Enterprise Value | — | — | — | — | 22,025.8 | |
| Revenue | 573.3 | 580.0 | 676.0 | 876.1 | 1,351.4 | |
| Growth %, YoY | — | +1.2 | +16.5 | +29.6 | — | |
| EBITDA | 154.0 | 111.7 | 120.7 | 171.1 | 309.8 | |
| Margin % | 26.85 | 19.25 | 17.85 | 19.52 | 22.92 | |
| EBIT | 135.7 | 89.0 | 88.9 | 136.7 | 271.4 | |
| Net Income | 104.1 | 56.3 | 53.9 | 95.3 | 189.6 | |
| Margin % | 18.15 | 9.70 | 7.97 | 10.88 | 14.03 | |
| EPS, Adj (current shares) | 33.84 | 18.29 | 17.51 | 30.99 | 61.63 | |
| Growth %, YoY | — | -45.9 | -4.3 | +77.0 | — | |
| Cash from Operations | 8.9 | 55.5 | 101.8 | 191.7 | — | |
| Capital Expenditures | -106.5 | -90.4 | -101.6 | -128.3 | — | |
| Free Cash Flow | -97.6 | -34.9 | 0.2 | 63.4 | 63.4 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
MTAR Technologies (NSE: MTARTECH) had a market capitalisation of ₹21,033 crore at the 29 October 2026 close (₹6,838.00 a share), a PE ratio of 111.0 on the last four quarters' profit and a price-to-book ratio of 22.55. In FY26 its standalone net profit was ₹95.3 crore on revenue of ₹876 crore; in Q2 FY27 (July–September 2026) it was ₹59.6 crore. Its debt-to-equity ratio was 0.50 on 30 September 2026. Promoters held 29.23% of the shares on 30 September 2026.
MTAR Technologies' PE ratio is 111.0 at the 29 October 2026 close (₹6,838.00 a share): a market capitalisation of ₹21,033 crore divided by standalone net profit of ₹190 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹95.3 crore) it is 220.6.
MTAR Technologies' debt-to-equity ratio was 0.50 on 30 September 2026: borrowings of ₹466 crore against total equity of ₹933 crore. A year earlier, on 30 September 2025, it was 0.25.
MTAR Technologies' net worth — shareholders' equity in its standalone balance sheet — was ₹933 crore on 30 September 2026, up 24.9% from ₹747 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹21,033 crore at the 29 October 2026 close.
MTAR Technologies' price-to-book (PB) ratio is 22.55 at the 29 October 2026 close: a market capitalisation of ₹21,033 crore divided by shareholders' equity (book value) of ₹933 crore on 30 September 2026. That is a book value of ₹303.21 per share against a share price of ₹6,838.00.
In FY26, MTAR Technologies' return on equity (ROE) was 12.3% and its return on capital employed (ROCE) was 14.7%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 7.7% and ROCE 10.8%.
MTAR Technologies' book value per share was ₹303.21 on 30 September 2026: shareholders' equity of ₹933 crore divided by the 3.08 crore shares in issue, up 24.9% from ₹242.71 a year earlier. The share price at the 29 October 2026 close was ₹6,838.00.
MTAR Technologies' market capitalisation was ₹21,033 crore at the 29 October 2026 close: 3.08 crore shares at ₹6,838.00 each.
No. MTAR Technologies had borrowings of ₹466 crore on 30 September 2026 (standalone balance sheet), a debt-to-equity ratio of 0.50. Its cash and current investments were ₹383 crore, so its net debt was ₹83.2 crore.
MTAR Technologies' basic earnings per share (EPS) were ₹30.99 in FY26, against ₹17.51 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹61.62.
Promoters held 29.23% of MTAR Technologies on 30 September 2026, down 0.13 percentage points from 29.36% the previous quarter and down 2.18 percentage points from 31.41% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, MTAR Technologies generated ₹192 crore of cash from operations and spent ₹128 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹63.4 crore. In FY25 it was ₹19 lakh.
In FY26 (April 2025–March 2026), MTAR Technologies' standalone net profit was ₹95.3 crore, up 77.0% from ₹53.9 crore in FY25, on revenue from operations of ₹876 crore (up 29.6%). Over three years, from FY23, net profit was down 8.4%.
On 30 September 2026, MTAR Technologies' shares were held by promoters 29.23%, foreign portfolio investors (FII/FPI) 20.87%, domestic institutions (DII) 27.09% (including mutual funds at 24.22%) and retail and other non-institutional investors 22.80%. Over the year, FII holding was up 11.67 percentage points from 9.20% and DII holding was up 2.28 percentage points from 24.81%.
At the 29 October 2026 closing prices, on FY26 net profit, MTAR Technologies' PE ratio is 220.6, the highest of the four: Mishra Dhatu Nigam 51.7, Paras Defence and Space Technologies 121.1 and Data Patterns 78.4, a peer average of 83.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, MTAR Technologies earned net profit of ₹95.3 crore on revenue of ₹876 crore, against ₹131 crore on ₹1,209 crore for Mishra Dhatu Nigam. MTAR Technologies' operating margin was 15.6% (Mishra Dhatu Nigam 14.2%) and its return on equity 12.3% (Mishra Dhatu Nigam 8.9%). At the 29 October 2026 close, MTAR Technologies' market capitalisation was ₹21,033 crore against ₹6,758 crore for Mishra Dhatu Nigam, and its PE ratio on FY26 profit 220.6 against 51.7.
MTAR Technologies' latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: standalone net profit ₹59.6 crore; revenue from operations ₹407 crore, up 200.0% year on year.
MTAR Technologies has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 standalone figures, against Mishra Dhatu Nigam, Paras Defence and Space Technologies and Data Patterns: MTAR Technologies' operating margin of 15.6% is the third highest of the four (Mishra Dhatu Nigam 14.2%, Paras Defence and Space Technologies 22.8%, Data Patterns 38.0%; peer average 25.0%); its return on equity of 12.3% is the second highest of the four (Mishra Dhatu Nigam 8.9%, Paras Defence and Space Technologies 12.2%, Data Patterns 16.7%; peer average 12.6%); its revenue growth over three years of 15.2% a year is the third highest of the four (Mishra Dhatu Nigam 11.5% a year, Paras Defence and Space Technologies 24.8% a year, Data Patterns 26.8% a year; peer average 21.0% a year).
From MTAR Technologies' own standalone results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Standalone figures from the company's filings with NSE; prices are NSE closing prices.