MTAR Technologies financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹407cr+200.0% on Q2 FY26
Net profit
₹59.6cr+1,197.5% on Q2 FY26
EBITDA margin
24.4%+11.9 pts on Q2 FY26
EPS
₹19.36+1,199.3% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue407136+200.0%
EBITDA99.317.0+483.9%
EBITDA margin24.4%12.5%+11.9 pts
Profit before tax80.06.0+1,233.3%
Net profit59.64.6+1,197.5%
EPS₹19.36₹1.49+1,199.3%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹407 crNet profit₹59.6 crNet margin14.6%

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.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
22,019————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
3622161.939.239.7
369369177190143
22,026————
1,351876676580573
—+29.6%+16.5%+1.2%—
310171121112154
22.9%19.5%17.9%19.3%26.9%
27113788.989.0136
19095.353.956.3104
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%—
—19210255.58.9
—−128−102−90.4−107
63.463.40.2−34.9−97.6
Open the chart

From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

MTARTECH₹7,158.50

MTAR Technologies Ltd.

· Capital Goods & Defence
₹ CrorePeersMIDHANIPARASDATAPATTNSOSWALPUMPSMAHSEAMLESLLOYDSENGGPRAJINDKSBMcap ₹22,019 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
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 Investments39.739.21.9216.2362.3
+ Total Debt142.8190.2177.2369.2369.2
Enterprise Value————22,025.8
Revenue573.3580.0676.0876.11,351.4
Growth %, YoY—+1.2+16.5+29.6—
EBITDA154.0111.7120.7171.1309.8
Margin %26.8519.2517.8519.5222.92
EBIT135.789.088.9136.7271.4
Net Income104.156.353.995.3189.6
Margin %18.159.707.9710.8814.03
EPS, Adj (current shares)33.8418.2917.5130.9961.63
Growth %, YoY—-45.9-4.3+77.0—
Cash from Operations8.955.5101.8191.7—
Capital Expenditures-106.5-90.4-101.6-128.3—
Free Cash Flow-97.6-34.90.263.463.4
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · StandaloneFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

MTAR Technologies financials and key ratios

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.

Share price used
₹6,838.00 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

MTAR Technologies at a glance · standalone

Market cap
₹21,033 Crat ₹6,838.00 · 29 Oct close
PE ratio (last 4 quarters)
111.0220.6 on FY26 profit
Price to book (PB)
22.55book value ₹303.21 a share
ROE (FY26)
12.3%+4.6 pts vs FY25ROCE 14.7%
Debt to equity
0.50net debt ₹83.2 Cr
Promoter holding
29.23%−0.1 pts vs 30 Jun 202630 September 2026
Net worth
₹933 Cr+24.9% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹63.4 Cr
EPS (FY26)
₹30.99

Questions

What is the MTAR Technologies PE ratio today?

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.

What is the MTAR Technologies debt to equity ratio?

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.

What is the MTAR Technologies net worth?

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.

What is the MTAR Technologies PB ratio (price to book value)?

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.

What is the MTAR Technologies ROE and ROCE?

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%.

What is the MTAR Technologies book value per share?

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.

What is the MTAR Technologies market cap?

MTAR Technologies' market capitalisation was ₹21,033 crore at the 29 October 2026 close: 3.08 crore shares at ₹6,838.00 each.

Is MTAR Technologies debt free?

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.

What is the MTAR Technologies EPS?

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.

What is the MTAR Technologies promoter holding?

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.

What is the MTAR Technologies free cash flow?

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.

What is the MTAR Technologies revenue and profit in FY26?

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%.

What is the MTAR Technologies shareholding pattern?

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%.

How does the MTAR Technologies PE ratio compare with its peers?

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.

MTAR Technologies vs Mishra Dhatu Nigam: how do they compare?

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.

What are the MTAR Technologies latest quarterly results?

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.

When are the MTAR Technologies next results?

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.

How does MTAR Technologies compare with its peers?

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).

Where do these MTAR Technologies figures come from?

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.