Price Target Changed • May 15
Price target increased by 59% to ₹7,358 Up from ₹4,629, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹7,230. Stock is up 342% over the past year. The company is forecast to post earnings per share of ₹33.40 for next year compared to ₹17.19 last year. Duyuru • May 06
MTAR Technologies Limited to Report Q4, 2026 Results on May 12, 2026 MTAR Technologies Limited announced that they will report Q4, 2026 results on May 12, 2026 New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Price Target Changed • Apr 11
Price target increased by 7.5% to ₹4,332 Up from ₹4,030, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹4,175. Stock is up 216% over the past year. The company is forecast to post earnings per share of ₹33.53 for next year compared to ₹17.19 last year. Reported Earnings • Jan 30
Third quarter 2026 earnings: EPS exceeds analyst expectations Third quarter 2026 results: EPS: ₹11.28 (up from ₹5.19 in 3Q 2025). Revenue: ₹2.80b (up 61% from 3Q 2025). Net income: ₹346.9m (up 117% from 3Q 2025). Profit margin: 12% (up from 9.2% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Duyuru • Jan 22
MTAR Technologies Limited to Report Q3, 2026 Results on Jan 29, 2026 MTAR Technologies Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Price Target Changed • Nov 07
Price target increased by 24% to ₹2,453 Up from ₹1,979, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₹2,420. Stock is up 50% over the past year. The company is forecast to post earnings per share of ₹33.43 for next year compared to ₹17.19 last year. Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: ₹1.38 (vs ₹6.10 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.38 (down from ₹6.10 in 2Q 2025). Revenue: ₹1.39b (down 27% from 2Q 2025). Net income: ₹42.5m (down 77% from 2Q 2025). Profit margin: 3.0% (down from 9.9% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Duyuru • Oct 31
MTAR Technologies Limited to Report Q2, 2026 Results on Nov 05, 2025 MTAR Technologies Limited announced that they will report Q2, 2026 results on Nov 05, 2025 New Risk • Oct 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Non-Executive Director Rohith Reddy was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 06
First quarter 2026 earnings released: EPS: ₹3.52 (vs ₹1.44 in 1Q 2025) First quarter 2026 results: EPS: ₹3.52 (up from ₹1.44 in 1Q 2025). Revenue: ₹1.57b (up 23% from 1Q 2025). Net income: ₹108.1m (up 144% from 1Q 2025). Profit margin: 6.9% (up from 3.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Duyuru • Aug 05
MTAR Technologies Limited, Annual General Meeting, Sep 18, 2025 MTAR Technologies Limited, Annual General Meeting, Sep 18, 2025, at 11:00 Indian Standard Time. Duyuru • Jul 30
MTAR Technologies Limited to Report Q1, 2026 Results on Aug 05, 2025 MTAR Technologies Limited announced that they will report Q1, 2026 results on Aug 05, 2025 Reported Earnings • May 23
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹17.19 (down from ₹18.24 in FY 2024). Revenue: ₹6.81b (up 17% from FY 2024). Net income: ₹528.9m (down 5.7% from FY 2024). Profit margin: 7.8% (down from 9.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • May 19
MTAR Technologies Limited to Report Fiscal Year 2025 Results on May 22, 2025 MTAR Technologies Limited announced that they will report fiscal year 2025 results on May 22, 2025 Price Target Changed • Apr 16
Price target increased by 7.7% to ₹1,842 Up from ₹1,711, the current price target is an average from 3 analysts. New target price is 30% above last closing price of ₹1,414. Stock is down 22% over the past year. The company is forecast to post earnings per share of ₹22.30 for next year compared to ₹18.24 last year. Duyuru • Mar 21
MTAR Technologies Limited Appoints Rohith Loka Reddy as a Non-Executive Director MTAR Technologies Limited board on 19th March, 2025 approved appointment of Mr. Rohith Loka Reddy as a Non-Executive Director of the company. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹5.19 (vs ₹3.40 in 3Q 2024) Third quarter 2025 results: EPS: ₹5.19 (up from ₹3.40 in 3Q 2024). Revenue: ₹1.74b (up 47% from 3Q 2024). Net income: ₹159.6m (up 53% from 3Q 2024). Profit margin: 9.2% (up from 8.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year. Duyuru • Feb 04
MTAR Technologies Limited to Report Nine Months, 2025 Results on Feb 10, 2025 MTAR Technologies Limited announced that they will report nine months, 2025 results on Feb 10, 2025 Duyuru • Dec 13
MTAR Technologies Limited Announces Resignation of Gangapatnam Venkata Satish Kumar Reddy as Non-Executive Director MTAR Technologies Limited informed that Mr. Gangapatnam Venkata Satish Kumar Reddy, Non-Executive Director of the Company has resigned from the Board of Directors of the Company effective from 13 December, 2024. Price Target Changed • Nov 05
Price target decreased by 8.6% to ₹1,638 Down from ₹1,793, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹1,621. Stock is down 36% over the past year. The company is forecast to post earnings per share of ₹27.00 for next year compared to ₹18.24 last year. Reported Earnings • Oct 30
Second quarter 2025 earnings released: EPS: ₹6.10 (vs ₹6.65 in 2Q 2024) Second quarter 2025 results: EPS: ₹6.10 (down from ₹6.65 in 2Q 2024). Revenue: ₹1.92b (up 15% from 2Q 2024). Net income: ₹187.7m (down 8.2% from 2Q 2024). Profit margin: 9.8% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Duyuru • Oct 22
MTAR Technologies Limited to Report Q2, 2025 Results on Oct 29, 2024 MTAR Technologies Limited announced that they will report Q2, 2025 results on Oct 29, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹1.44 (vs ₹6.61 in 1Q 2024) First quarter 2025 results: EPS: ₹1.44 (down from ₹6.61 in 1Q 2024). Revenue: ₹1.29b (down 16% from 1Q 2024). Net income: ₹44.3m (down 78% from 1Q 2024). Profit margin: 3.4% (down from 13% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Duyuru • Aug 07
MTAR Technologies Limited to Report Q1, 2025 Results on Aug 13, 2024 MTAR Technologies Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Price Target Changed • Jun 01
Price target decreased by 13% to ₹2,044 Down from ₹2,343, the current price target is an average from 3 analysts. New target price is 13% above last closing price of ₹1,801. Stock is down 4.9% over the past year. The company posted earnings per share of ₹18.24 last year. Duyuru • May 31
MTAR Technologies Limited, Annual General Meeting, Sep 06, 2024 MTAR Technologies Limited, Annual General Meeting, Sep 06, 2024, at 15:00 Indian Standard Time. Reported Earnings • May 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹18.24 (down from ₹33.62 in FY 2023). Revenue: ₹5.87b (up 2.2% from FY 2023). Net income: ₹561.1m (down 46% from FY 2023). Profit margin: 9.6% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 29%. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 21% per year. Duyuru • May 29
MTAR Technologies Limited Announce Company Secretary and Compliance Officer Changes MTAR Technologies Limited at the SBM held on May 28, 2024, the board has approved the resignation of Mr. Shubham Sunil Bagadia, Company Secretary and Compliance Officer with effect from May 31, 2024. The company also approved the appointment of Ms. Naina Singh as Company Secretary and Compliance Officer with effect from June 1, 2024. Ms. Naina Singh is a qualified Company Secretary and Associate Member of the Institute of Company Secretaries of India since 1 February 2022 having the ICSI Membership number A68201. She is a B.com Graduate (Accounting & Finance) from Vinoba Bhave University. She has around 2+ years of post-qualification experience and overall 3+ years of experience in handling Secretarial and Compliance matters. Duyuru • May 24
MTAR Technologies Limited to Report Q4, 2024 Results on May 28, 2024 MTAR Technologies Limited announced that they will report Q4, 2024 results on May 28, 2024 Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹2,135, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 43x in the Machinery industry in India. Total returns to shareholders of 115% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,101 per share. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,955, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 35x in the Machinery industry in India. Total returns to shareholders of 88% over the past three years. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹3.40 (vs ₹10.22 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.40 (down from ₹10.22 in 3Q 2023). Revenue: ₹1.19b (down 26% from 3Q 2023). Net income: ₹104.5m (down 67% from 3Q 2023). Profit margin: 8.8% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Duyuru • Feb 07
MTAR Technologies Limited to Report Q3, 2024 Results on Feb 13, 2024 MTAR Technologies Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Recent Insider Transactions • Jan 02
Insider recently sold ₹437m worth of stock On the 27th of December, P. Leelavathi sold around 200k shares on-market at roughly ₹2,183 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.3b more than they bought in the last 12 months. Recent Insider Transactions • Dec 23
Insider recently sold ₹61m worth of stock On the 21st of December, P. Leelavathi sold around 27k shares on-market at roughly ₹2,295 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹115m. Insiders have been net sellers, collectively disposing of ₹503m more than they bought in the last 12 months. Recent Insider Transactions • Dec 19
Insider recently sold ₹57m worth of stock On the 15th of December, P. Reddy sold around 25k shares on-market at roughly ₹2,264 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹115m. Insiders have been net sellers, collectively disposing of ₹527m more than they bought in the last 12 months. Price Target Changed • Nov 17
Price target decreased by 9.5% to ₹2,506 Down from ₹2,768, the current price target is an average from 4 analysts. New target price is 13% above last closing price of ₹2,225. Stock is up 43% over the past year. The company is forecast to post earnings per share of ₹33.25 for next year compared to ₹33.62 last year. Price Target Changed • Nov 13
Price target decreased by 8.4% to ₹2,669 Down from ₹2,915, the current price target is an average from 4 analysts. New target price is 21% above last closing price of ₹2,207. Stock is up 39% over the past year. The company is forecast to post earnings per share of ₹34.20 for next year compared to ₹33.62 last year. Reported Earnings • Nov 09
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₹6.65 (down from ₹8.03 in 2Q 2023). Revenue: ₹1.68b (up 33% from 2Q 2023). Net income: ₹204.6m (down 17% from 2Q 2023). Profit margin: 12% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Price Target Changed • Sep 04
Price target increased by 15% to ₹2,794 Up from ₹2,426, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₹2,759. Stock is up 69% over the past year. The company is forecast to post earnings per share of ₹50.39 for next year compared to ₹33.62 last year. Price Target Changed • Aug 31
Price target increased by 10% to ₹2,543 Up from ₹2,305, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₹2,456. Stock is up 52% over the past year. The company is forecast to post earnings per share of ₹50.90 for next year compared to ₹33.62 last year. Duyuru • Aug 04
MTAR Technologies Limited to Report Q1, 2024 Results on Aug 10, 2023 MTAR Technologies Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • Jul 23
Full year 2023 earnings released: EPS: ₹33.62 (vs ₹19.79 in FY 2022) Full year 2023 results: EPS: ₹33.62 (up from ₹19.79 in FY 2022). Revenue: ₹5.74b (up 78% from FY 2022). Net income: ₹1.03b (up 70% from FY 2022). Profit margin: 18% (in line with FY 2022). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in India. Recent Insider Transactions • Jun 10
Insider recently sold ₹652m worth of stock On the 1st of June, P. Leelavathi sold around 347k shares on-market at roughly ₹1,880 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.1b more than they bought in the last 12 months. Reported Earnings • May 19
Full year 2023 earnings released: EPS: ₹33.62 (vs ₹19.79 in FY 2022) Full year 2023 results: EPS: ₹33.62 (up from ₹19.79 in FY 2022). Revenue: ₹5.93b (up 84% from FY 2022). Net income: ₹1.03b (up 70% from FY 2022). Profit margin: 17% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Duyuru • May 19
MTAR Technologies Limited, Annual General Meeting, Aug 11, 2023 MTAR Technologies Limited, Annual General Meeting, Aug 11, 2023, at 15:00 Indian Standard Time. Duyuru • May 13
MTAR Technologies Limited to Report Q4, 2023 Results on May 17, 2023 MTAR Technologies Limited announced that they will report Q4, 2023 results at 4:00 PM, Indian Standard Time on May 17, 2023 Recent Insider Transactions • Mar 30
Insider recently sold ₹146m worth of stock On the 27th of March, G. Reddy sold around 93k shares on-market at roughly ₹1,569 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹236m more than they bought in the last 12 months. Recent Insider Transactions • Mar 15
Insider recently sold ₹6.9m worth of stock On the 13th of March, G. Reddy sold around 4k shares on-market at roughly ₹1,705 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹90m more than they bought in the last 12 months. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: ₹10.22 (vs ₹4.32 in 3Q 2022) Third quarter 2023 results: EPS: ₹10.22 (up from ₹4.32 in 3Q 2022). Revenue: ₹1.66b (up 113% from 3Q 2022). Net income: ₹314.5m (up 136% from 3Q 2022). Profit margin: 19% (up from 17% in 3Q 2022). The increase in margin was driven by higher revenue. Duyuru • Feb 10
MTAR Technologies Limited Announces Resignation of Vedachalam Nagarajan, from the Board of Directors MTAR Technologies Limited announced that Mr. Vedachalam Nagarajan Independent Director has resigned from the Board of Directors with effect from February 9, 2023 citing the reason as expanding range of professional commitments. Duyuru • Feb 04
MTAR Technologies Limited to Report Q3, 2023 Results on Feb 09, 2023 MTAR Technologies Limited announced that they will report Q3, 2023 results at 4:00 PM, Indian Standard Time on Feb 09, 2023 Duyuru • Jan 25
MTAR Technologies Limited Announces Resignation of Devesh Dhar Dwivedi as Chief Operating Officer MTAR Technologies Limited announced that Mr. Devesh Dhar Dwivedi has tendered his resignation from the post of Chief Operating Officer of the Company due to his personal reasons with effect from January 24, 2023. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. MD & Director Parvat Reddy is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: ₹8.03 (vs ₹6.20 in 2Q 2022) Second quarter 2023 results: EPS: ₹8.03 (up from ₹6.20 in 2Q 2022). Revenue: ₹1.32b (up 44% from 2Q 2022). Net income: ₹246.9m (up 30% from 2Q 2022). Profit margin: 19% (down from 21% in 2Q 2022). The decrease in margin was driven by higher expenses. Duyuru • Nov 01
MTAR Technologies Limited to Report Q2, 2023 Results on Nov 02, 2022 MTAR Technologies Limited announced that they will report Q2, 2023 results on Nov 02, 2022 Recent Insider Transactions • Sep 22
Insider recently sold ₹83m worth of stock On the 20th of September, Saranya Reddy sold around 50k shares on-market at roughly ₹1,653 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹5.27 (vs ₹2.83 in 1Q 2022) First quarter 2023 results: EPS: ₹5.27 (up from ₹2.83 in 1Q 2022). Revenue: ₹910.1m (up 68% from 1Q 2022). Net income: ₹162.2m (up 86% from 1Q 2022). Profit margin: 18% (up from 16% in 1Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 18% share price gain to ₹1,435, the stock trades at a trailing P/E ratio of 72.5x. Average trailing P/E is 26x in the Machinery industry in India. Total loss to shareholders of 1.4% over the past year. Recent Insider Transactions • Jul 03
Insider recently sold ₹250m worth of stock On the 29th of June, G. Reddy sold around 200k shares on-market at roughly ₹1,252 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹875m more than they bought in the last 12 months. Reported Earnings • May 27
Full year 2022 earnings released: EPS: ₹19.79 (vs ₹17.00 in FY 2021) Full year 2022 results: EPS: ₹19.79 (up from ₹17.00 in FY 2021). Revenue: ₹3.22b (up 31% from FY 2021). Net income: ₹608.7m (up 32% from FY 2021). Profit margin: 19% (in line with FY 2021). Price Target Changed • May 26
Price target decreased to ₹2,172 Down from ₹2,638, the current price target is provided by 1 analyst. New target price is 52% above last closing price of ₹1,427. Stock is up 43% over the past year. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹1,373, the stock trades at a trailing P/E ratio of 71.5x. Average trailing P/E is 25x in the Machinery industry in India. Total returns to shareholders of 52% over the past year. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. MD & Director Parvat Reddy is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Apr 14
MTAR Technologies Limited Announces the Resignation of Mathew Cyriac as Non-Executive and Nominee Director MTAR Technologies Limited announced the resignation of Mr. Mathew Cyriac as Non-Executive and Nominee Director pursuant to the investors i.e., Fabmohur Advisors LLP and Solidus Advisors LLP on account of ceasing to hold 10% or more of the paid-up capital of the company on a fully diluted basis with reference to Art. 180 of Articles of Association. Upcoming Dividend • Feb 14
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 21 February 2022. Payment date: 12 March 2022. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.6%). Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹4.32 (up from ₹3.31 in 3Q 2021). Revenue: ₹792.4m (up 43% from 3Q 2021). Net income: ₹133.1m (up 50% from 3Q 2021). Profit margin: 17% (in line with 3Q 2021). Revenue was in line with analyst estimates. Duyuru • Feb 11
MTAR Technologies Limited Declares Interim Dividend MTAR Technologies Limited Board Meeting held on 10 February, 2022, approved declaration of Interim dividend of 30% INR 3 per equity share of INR 10 each. The interim dividend shall be paid within the prescribed time to the equity shareholders of the company whose names appear on the registers of members of the company or in the records of the depositories as beneficial owner of the shares as on 18 February 2022 which is the record date fixed for the purpose. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS ₹6.20 (vs ₹3.31 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹938.7m (up 70% from 2Q 2021). Net income: ₹190.5m (up 115% from 2Q 2021). Profit margin: 20% (up from 16% in 2Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Jul 08
Full year 2021 earnings released: EPS ₹17.00 (vs ₹11.11 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹2.46b (up 15% from FY 2020). Net income: ₹460.7m (up 47% from FY 2020). Profit margin: 19% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 19% share price gain to ₹1,164, the stock trades at a trailing P/E ratio of 68.5x. Average trailing P/E is 25x in the Machinery industry in India. Duyuru • Jun 03
MTAR Technologies Limited Recommends Final Dividend MTAR Technologies Limited recommended a Final Dividend of INR 3 per share subject to approval of members at the 22th Annual General Meeting scheduled to be held on July 30, 2021.