MTAR Technologies Limited

NSEI:MTARTECH Stock Report

Market Cap: ₹79.7b

MTAR Technologies Valuation

Is MTARTECH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MTARTECH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

₹328.37
Fair Value
694.6% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: MTARTECH (₹2609.3) is trading above our estimate of fair value (₹328.37)

Significantly Below Fair Value: MTARTECH is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MTARTECH?

Key metric: As MTARTECH is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MTARTECH. This is calculated by dividing MTARTECH's market cap by their current revenue.
What is MTARTECH's PS Ratio?
PS Ratio12.4x
Sales₹6.50b
Market Cap₹79.72b

Price to Sales Ratio vs Peers

How does MTARTECH's PS Ratio compare to its peers?

The above table shows the PS ratio for MTARTECH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.2x
ESABINDIA ESAB India
5.5xn/a₹81.0b
505283 Kirloskar Pneumatic
4.4x18.13%₹70.1b
LGBBROSLTD L.G. Balakrishnan & Bros
2x10.19%₹59.5b
OSWALPUMPS Oswal Pumps
4.6xn/a₹74.1b
MTARTECH MTAR Technologies
12.4x34.03%₹79.7b

Price-To-Sales vs Peers: MTARTECH is expensive based on its Price-To-Sales Ratio (12.4x) compared to the peer average (4.2x).

Price to Sales Ratio vs Industry

How does MTARTECH's PS Ratio compare vs other companies in the IN Machinery Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
526829 Confidence Petroleum India
0.4xn/aUS$150.91m
539219 Mauria Udyog
0.4xn/aUS$19.42m
517417 Patels Airtemp (India)
0.4xn/aUS$15.09m
AUROIMPEX Auro Impex & Chemicals
0.2xn/aUS$6.60m
MTARTECH 12.4xIndustry Avg. 2.8xNo. of Companies30PS0246810+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MTARTECH is expensive based on its Price-To-Sales Ratio (12.4x) compared to the Indian Machinery industry average (2.8x).

Price to Sales Ratio vs Fair Ratio

What is MTARTECH's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MTARTECH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio12.4x
Fair PS Ratio8.6x

Price-To-Sales vs Fair Ratio: MTARTECH is expensive based on its Price-To-Sales Ratio (12.4x) compared to the estimated Fair Price-To-Sales Ratio (8.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MTARTECH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹2,609.30
₹2,453.33
-5.98%
24.03%₹3,270.00₹1,900.00n/a3
Nov ’26₹2,548.10
₹2,006.00
-21.27%
6.51%₹2,190.00₹1,900.00n/a3
Oct ’26₹1,898.60
₹2,006.00
+5.66%
6.51%₹2,190.00₹1,900.00n/a3
Sep ’26₹1,445.90
₹1,979.33
+36.89%
7.60%₹2,190.00₹1,848.00n/a3
Aug ’26₹1,427.90
₹1,926.00
+34.88%
10.68%₹2,190.00₹1,688.00n/a3
Jul ’26₹1,590.50
₹1,942.67
+22.14%
10.55%₹2,190.00₹1,688.00n/a3
Jun ’26₹1,640.80
₹1,942.67
+18.40%
10.55%₹2,190.00₹1,688.00n/a3
May ’26₹1,421.30
₹1,842.00
+29.60%
16.86%₹2,190.00₹1,436.00n/a3
Apr ’26₹1,344.20
₹1,710.50
+27.25%
22.77%₹2,100.00₹1,321.00n/a2
Mar ’26₹1,287.90
₹1,710.50
+32.81%
22.77%₹2,100.00₹1,321.00n/a2
Feb ’26₹1,606.85
₹1,706.00
+6.17%
23.09%₹2,100.00₹1,312.00n/a2
Jan ’26₹1,673.65
₹1,688.00
+0.86%
24.41%₹2,100.00₹1,276.00n/a2
Dec ’25₹1,787.65
₹1,638.00
-8.37%
22.10%₹2,000.00₹1,276.00n/a2
Nov ’25₹1,675.80
₹1,638.00
-2.26%
22.10%₹2,000.00₹1,276.00₹2,548.102
Oct ’25₹1,732.15
₹1,688.00
-2.55%
24.41%₹2,100.00₹1,276.00₹1,898.602
Sep ’25₹1,826.30
₹1,688.00
-7.57%
24.41%₹2,100.00₹1,276.00₹1,445.902
Aug ’25₹1,887.75
₹1,793.00
-5.02%
28.83%₹2,310.00₹1,276.00₹1,427.902
Jul ’25₹1,842.20
₹1,833.00
-0.50%
30.39%₹2,390.00₹1,276.00₹1,590.502
Jun ’25₹1,800.60
₹2,043.67
+13.50%
18.13%₹2,390.00₹1,530.00₹1,640.803
May ’25₹1,886.05
₹2,114.00
+12.09%
4.59%₹2,211.00₹2,017.00₹1,421.302
Apr ’25₹1,771.50
₹2,463.00
+39.03%
7.25%₹2,603.00₹2,211.00₹1,344.203
Mar ’25₹1,902.85
₹2,506.50
+31.72%
6.86%₹2,637.00₹2,211.00₹1,287.904
Feb ’25₹2,029.00
₹2,506.50
+23.53%
6.86%₹2,637.00₹2,211.00₹1,606.854
Jan ’25₹2,202.35
₹2,505.75
+13.78%
6.85%₹2,637.00₹2,211.00₹1,673.654
Dec ’24₹2,244.30
₹2,505.75
+11.65%
6.85%₹2,637.00₹2,211.00₹1,787.654
Nov ’24₹2,490.35
₹2,678.25
+7.55%
6.72%₹2,896.00₹2,410.00₹1,675.804
₹2.45k
Fair Value
6.4% overvalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/12 12:04
End of Day Share Price 2025/11/12 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MTAR Technologies Limited is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAsian Markets Securities Private Limited
Renu Baid PugaliaIIFL Research
Deepak KrishnanMacquarie Research