MTAR Technologies Limited (NSE:MTARTECH) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Investors in MTAR Technologies Limited (NSE:MTARTECH) had a good week, as its shares rose 4.9% to close at ₹1,498 following the release of its first-quarter results. Revenues came in 2.3% below expectations, at ₹1.6b. Statutory earnings per share were relatively better off, with a per-share profit of ₹17.19 being roughly in line with analyst estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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After the latest results, the twin analysts covering MTAR Technologies are now predicting revenues of ₹8.52b in 2026. If met, this would reflect a huge 21% improvement in revenue compared to the last 12 months. Per-share earnings are expected to surge 62% to ₹31.30. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹8.63b and earnings per share (EPS) of ₹30.15 in 2026. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.

Check out our latest analysis for MTAR Technologies

There's been no major changes to the consensus price target of ₹1,926, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analysts are definitely expecting MTAR Technologies' growth to accelerate, with the forecast 29% annualised growth to the end of 2026 ranking favourably alongside historical growth of 15% per annum over the past three years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 12% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect MTAR Technologies to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around MTAR Technologies' earnings potential next year. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have analyst estimates for MTAR Technologies going out as far as 2028, and you can see them free on our platform here.

You can also see whether MTAR Technologies is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.