The shares of this company, which engages in the development and manufacturing of components and equipments for the defense, surged over 4 percent after it announced securing a key orders worth Rs 34 crores.
With a market capitalization of Rs 4,723 crores, the shares of MTAR Technologies Ltd are currently trading at Rs 1,535 per share, down by 30.3 percent from its 52-week high of Rs 2,200 per share. In the last one year, the stock has delivered a negative return of 17.26 percent.
About the order
On Wednesday, MTAR Technologies announced that it has secured a key order worth Rs 34 crores for the manufacturing and supply of various precision-engineered products in the Clean Energy and Aerospace sectors.
The clean energy division of the company received an order worth Rs 21.02 crores from Bloom Energy Corporation, which has to be executed by September 2025. In addition to this, the aerospace segment of the company secured an order worth Rs 12.98 crores from Rafael Advanced Defence Systems Limited, for the Manufacturing and supply of various precision-engineered products.
Adding to this, the Managing Director & Promoter said, “We are looking forward to securing volume orders in Aerospace and Clean Energy as we have executed first articles for new products in these sectors, reflecting the company’s commitment to innovation, excellence, and timely delivery. In addition, we are working with various customers to enter into long-term contracts for the supply of critical products.”
Financial Highlights
The company reported a revenue growth of 47.45 percent to Rs 174 crores in Q3 FY25 from Rs 118 crores in Q3 FY24. Additionally, its net profit recorded a growth of 60 percent to Rs 16 crores in Q3 FY25 from Rs 10 crores in Q3 FY24.
It delivered an ROE and ROCE of 8.36 percent and 11.37 percent respectively, and is currently trading at a P/E of 107.20,x much higher than its industry average of 85.59x.
About the company
MTAR Technologies Limited is a precision engineering firm that produces high-precision equipment and parts for the Indian and international sectors. It caters to the civilian nuclear power, clean energy, space, aerospace, and defense industries with products ranging from fuel machining heads to cryogenic assemblies, electro-pneumatic modules, liquid propulsion engines, and aerospace structures.
Written by Satyajeet Mukherjee
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