MTAR Technologies balance sheet

As of Sep 2026

Total assets: ₹2,328cr+98.3% on Sep 2025
Shareholders' equity: ₹933cr+24.9% on Sep 2025
Total debt: ₹466cr+153.9% on Sep 2025
Cash and investments: ₹362cr+13,887.8% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	638	495	422	331	282
	113	34.4	53.2	67.8	63.2
	—	—	0.0	—	6.7
	2.0	2.1	2.5	0.7	0.8
	0.0	6.7	6.7	6.7	0.0
	0.0	6.1	6.1	6.1	4.2
	6.6	6.3	4.4	2.6	2.1
	6.6	19.2	17.3	15.4	6.3
	—	—	0.0	5.1	0.5
	124	61.9	15.8	21.3	8.2
	884	613	511	442	367
	679	499	345	347	386
	362	215	0.0	0.0	27.5
	286	337	209	146	208
	0.3	0.9	1.9	39.2	12.2
	20.9	20.2	14.7	11.4	18.8
	13.7	4.3	8.1	9.3	5.0
	683	577	234	206	272
	83.1	54.7	37.7	11.4	38.2
	1,445	1,131	617	564	696
	2,328	1,744	1,128	1,006	1,063
Equity
	30.8	30.8	30.8	30.8	30.8
	902	795	700	646	590
	933	826	731	677	621
	933	826	731	677	621
Liabilities
	148	148	81.0	97.0	77.7
	8.0	6.7	0.0	—	—
	156	154	81.0	97.0	77.7
	11.6	11.1	4.7	2.6	5.6
	28.7	24.4	22.0	20.7	18.0
	3.6	3.5	3.2	3.0	—
	200	193	111	123	101
	319	222	96.2	93.2	65.1
	260	149	105	70.2	218
	128	91.7	37.3	7.0	7.0
	707	462	239	170	290
	5.7	4.8	3.8	3.3	1.9
	4.7	3.3	0.0	0.0	2.2
	479	255	44.2	31.9	46.6
	1,196	725	287	206	341
	1,396	919	397	329	442
	2,328	1,744	1,128	1,006	1,063
Trade payables — MSME split
	13.2	21.4	11.5	—	—
	247	128	93.7	—	—
Regulatory disclosures — filed alongside, not part of the B/S
	—	—	1.8	—	—
	—	—	1.8	—	—

Open the chart

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

alphave

MTARTECH₹7,158.50

MTAR Technologies Ltd.

· Capital Goods & Defence

₹ CrorePeersMIDHANI PARAS DATAPATTNS OSWALPUMPS MAHSEAMLES LLOYDSENGG PRAJIND KSBMcap ₹22,019 Cr

View

In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Non-current Assets
+ Property, Plant & Equipment	281.5	331.2	422.4	495.3	637.8
+ Capital Work-in-Progress	63.2	67.8	53.2	34.4	112.9
+ Investment Property	6.7	—	0.0	—	—
+ Other Intangibles	0.8	0.7	2.5	2.1	2.0
+ Non-current Investments	0.0	6.7	6.7	6.7	0.0
+ Long-term Loans	4.2	6.1	6.1	6.1	0.0
+ Other Non-current Financial Assets	2.1	2.6	4.4	6.3	6.6
Non-current Financial Assets	6.3	15.4	17.3	19.2	6.6
+ Deferred Tax Assets	0.5	5.1	0.0	—	—
+ Other Non-current Assets	8.2	21.3	15.8	61.9	124.2
Total Non-current Assets	367.2	441.6	511.1	612.9	883.6
Current Assets
+ Inventories	386.0	346.8	345.3	499.4	678.8
+ Current Investments	27.5	0.0	0.0	215.3	362.0
+ Trade Receivables	208.1	146.3	209.4	336.6	285.8
+ Cash & Cash Equivalents	12.2	39.2	1.9	0.9	0.3
+ Other Bank Balances	18.8	11.4	14.7	20.2	20.9
+ Other Current Financial Assets	5.0	9.3	8.1	4.3	13.7
Current Financial Assets	271.6	206.2	234.2	577.3	682.7
+ Other Current Assets	38.2	11.4	37.7	54.7	83.1
Total Current Assets	695.8	564.4	617.1	1,131.4	1,444.6
Total Assets	1,062.9	1,006.0	1,128.2	1,744.3	2,328.2
Equity
+ Equity Share Capital	30.8	30.8	30.8	30.8	30.8
+ Other Equity / Reserves	590.1	646.4	700.0	794.9	901.9
Equity — Owners of Parent	620.8	677.2	730.7	825.7	932.6
Total Equity	620.8	677.2	730.7	825.7	932.6
Liabilities
+ Borrowings — Non-current	77.7	97.0	81.0	147.7	147.8
+ Other Non-current Financial Liab	—	—	0.0	6.7	8.0
Non-current Financial Liabilities	77.7	97.0	81.0	154.4	155.8
+ Provisions — Non-current	5.6	2.6	4.7	11.1	11.6
+ Deferred Tax Liabilities	18.0	20.7	22.0	24.4	28.7
+ Other Non-current Liabilities	—	3.0	3.2	3.5	3.6
Non-current Liabilities	101.4	123.3	110.9	193.3	199.8
+ Borrowings — Current	65.1	93.2	96.2	221.6	318.5
+ Trade Payables	218.1	70.2	105.1	149.0	259.8
+ Other Current Financial Liab	7.0	7.0	37.3	91.7	128.3
Current Financial Liabilities	290.2	170.3	238.7	462.3	706.6
+ Provisions — Current	1.9	3.3	3.8	4.8	5.7
+ Current Tax Liabilities	2.2	0.0	0.0	3.3	4.7
+ Other Current Liabilities	46.6	31.9	44.2	254.9	478.7
Current Liabilities	340.8	205.5	286.6	725.3	1,195.7
Total Liabilities	442.1	328.8	397.5	918.6	1,395.5
Total Equity & Liabilities	1,062.9	1,006.0	1,128.2	1,744.3	2,328.2
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	11.5	21.4	13.2
+ Dues to Other Creditors — Current	—	—	93.7	127.7	246.6
Regulatory Disclosures — filed alongside, not part of the B/S
Outstanding Loans / Revolving Facilities	—	—	1.8	—	—
Total Financial Indebtedness	—	—	1.8	—	—

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. 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%.