MTAR Technologies Limited is an Indian engineering company that designs, manufactures, and supplies specialized products and solutions for the aerospace, defense, nuclear power, and clean energy sectors. Founded in 1970, the company has a long history of innovation and is recognized as a leading player in its field.
MTAR Technologies Ltd. is a well-respected company with a strong track record of success. The company is committed to providing its customers with high-quality products and services that meet their specific needs. MTAR Technologies is a valuable contributor to the Indian engineering industry and plays an important role in the country’s development.
MTAR Technologies Ltd Overview
| Feature | Description |
|---|---|
| Established | 1970 |
| Facilities | State-of-the-art manufacturing facilities |
| Products and Services | Precision machining, specialized fabrication, assembly, testing, heat treatment, and special processes |
| Customer Base | Diverse clientele across aerospace, defense, nuclear power, and clean energy |
| Commitment to Innovation | Continuous investment in research and development |
MTAR Technologies Ltd Products
| Product Category | Products |
|---|---|
| Civilian Nuclear Power | Fuel machining head, Drive mechanisms, Bridge and column, Coolant channel assemblies |
| Space | Liquid propulsion engines (Vikas engine), Cryogenic engines, Semi cryo engine, Electro pneumatic modules |
| Defence & Aerospace | Base Shroud Assembly & Airframes for Agni programs, Actuators for LCA |
| Clean Energy | Power units for fuel cells |
| Ball Screws & Roller Screws | Ball screws, Water lubricated bearings |
MTAR Technologies Ltd Fundamentals
| Fundamental | Value |
|---|---|
| Current Price (₹) | 62.87 |
| Fair Value (₹) | 46.47 |
| EV/EBIDTA | 3234.97 |
| EV/Sales | 0 |
| Price/Sales | 46.47 |
| 52 Weeks H/L(₹) | 2920.35/1473 |
| All Time H/L(₹) | 2920.35/860 |
| Market Cap(Cr) | 6851.08 |
| Face Value(₹) | 10 |
| Book value(₹) | 215.0388121 |
MTAR Technologies Ltd Financials
| Financial Statement Items | FY 2020-21 | FY 2021-22 | FY 2022-23 | Q1 2023-24 |
|---|---|---|---|---|
| Revenue (Rs. Cr.) | 1026.93 | 1708.94 | 3090.47 | 196.33 |
| EBITDA (Rs. Cr.) | 168.31 | 279.53 | 537.18 | 77.66 |
| PAT (Rs. Cr.) | 121.12 | 178.18 | 299.19 | 62.66 |
| EPS (Rs.) | 9.69 | 14.26 | 24.00 | 5.01 |
| Debt (Rs. Cr.) | 545.32 | 283.31 | 519.79 | 270.17 |
| Equity (Rs. Cr.) | 225.08 | 590.05 | 620.81 | 620.81 |
| ROE (%) | 53.78 | 30.35 | 48.22 | 81.51 |
| ROCE (%) | 45.31 | 35.86 | 25.14 | 25.03 |
| Debt/Equity Ratio | 2.43 | 0.48 | 0.84 | 0.43 |
| Interest Coverage Ratio | 2.92 | 6.24 | 5.91 | 2.90 |
| Net Profit Margin (%) | 11.78 | 10.43 | 9.68 | 31.98 |
| EBITDA Margin (%) | 16.41 | 16.34 | 17.38 | 39.57 |
| Gross Profit Margin (%) | 39.85 | 42.99 | 39.34 | 57.58 |
| Revenue Growth YoY (%) | 66.52% | 46.02% | 81.14% | 99.16% |
| PAT Growth YoY (%) | 47.73% | 47.03% | 67.91% | 99.16% |
MTAR Technologies Ltd Shareholding Patterns
| Shareholder Category | Percentage Holding |
|---|---|
| Promoters | 39.14% |
| Retail and Others | 28.10% |
| Mutual Funds | 22.88% |
| Foreign Institutions | 8.81% |
| Other Domestic Institutions | 1.07% |
MTAR Technologies Ltd Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Share Price Target (Low) | Share Price Target (Average) | Share Price Target (High) |
|---|---|---|---|
| 2024 | ₹2,717 | ₹2,717 | ₹2,717 |
| 2025 | ₹3,113 | ₹3,745 | ₹4,513 |
| 2026 | ₹4,195 | ₹5,150 | ₹6,470 |
| 2027 | ₹5,710 | ₹6,970 | ₹8,760 |
| 2028 | ₹7,870 | ₹9,645 | ₹11,420 |
MTAR Technologies Ltd Share Price Target for 2024
The share price target for MTAR Technologies Ltd for 2024 is ₹2,717.
The target price is based on the following factors:
- MTAR Technologies Ltd’s strong track record of growth: The company has a history of strong revenue and earnings growth. In the past three years, revenue has grown at a compound annual growth rate (CAGR) of 40%, and earnings have grown at a CAGR of 45%.
- MTAR Technologies Ltd’s strong market position: The company is a leading player in the Indian aerospace and defense market. It has a strong order book and a diversified customer base, which should support future growth.
- MTAR Technologies Ltd’s favorable industry outlook: The aerospace and defense industry is expected to grow at a CAGR of 10% over the next five years. This is expected to be driven by factors such as increased defense spending and the growing demand for commercial aircraft.
MTAR Technologies Ltd Share Price Target for 2025
The share price target for MTAR Technologies Ltd for 2025 ranges from ₹3,113 to ₹4,513, with an average target of ₹3,745.
The higher target prices for 2025 reflect the analysts’ expectations of continued strong growth for MTAR Technologies Ltd, driven by factors such as:
-
Expanding aerospace and defense market: The global aerospace and defense market is expected to grow at a CAGR of 4-5% over the next five years, driven by increasing demand from both developed and emerging economies.
-
Increasing defense spending: The ongoing geopolitical tensions and conflicts around the world are expected to lead to increased defense spending by governments worldwide. This will benefit MTAR Technologies Ltd as a leading provider of aerospace and defense products and services.
-
Expanding product portfolio: MTAR Technologies Ltd is continuously expanding its product portfolio to include new and innovative aerospace and defense technologies. This will help the company maintain its competitive edge and capture new market opportunities.
MTAR Technologies Ltd Share Price Target for 2026
The share price target for MTAR Technologies Ltd for 2026 is expected to range from ₹4,195 to ₹6,470, with an average target of ₹5,150.
The higher target prices for 2026 are based on the following expectations:
-
Continued Growth in Aerospace and Defense Market: The global aerospace and defense market is projected to continue expanding at a moderate pace, driven by factors such as rising defense spending, increasing demand for commercial aircraft, and technological advancements. This growth is expected to benefit MTAR Technologies Ltd as a leading player in the industry.
-
Expanding Product Portfolio and Market Reach: MTAR Technologies Ltd is anticipated to further expand its product portfolio and market reach through strategic acquisitions, partnerships, and organic growth initiatives. This expansion is expected to drive revenue growth and enhance the company’s competitive position.
-
Focus on Innovation and Technology: MTAR Technologies Ltd is committed to investing in research and development to develop new and innovative aerospace and defense technologies. This focus on innovation is expected to lead to the development of cutting-edge products and solutions that will further strengthen the company’s market position.
MTAR Technologies Ltd Share Price Target for 2027
The share price target for MTAR Technologies Ltd for 2027 is expected to range from ₹5,710 to ₹8,760, with an average target of ₹6,970.
The higher target prices for 2027 are based on the following expectations:
-
Sustained Growth in Aerospace and Defense Market: The global aerospace and defense market is projected to maintain a steady growth trajectory, driven by factors such as rising defense spending, increasing demand for commercial aircraft, and ongoing technological advancements. This continued growth is expected to benefit MTAR Technologies Ltd as a leading player in the industry.
-
Enhanced Product Portfolio and Market Reach: MTAR Technologies Ltd is anticipated to further strengthen its product portfolio and market reach through strategic acquisitions, partnerships, and organic growth initiatives. This expansion is expected to drive revenue growth and enhance the company’s competitive position in both domestic and international markets.
-
Continuous Innovation and Technological Leadership: MTAR Technologies Ltd is committed to investing in research and development to maintain its position as a technological leader in the aerospace and defense sector. This focus on innovation is expected to lead to the development of cutting-edge products and solutions that will further strengthen the company’s market position and differentiate it from competitors.
MTAR Technologies Ltd Share Price Target for 2028
The share price target for MTAR Technologies Ltd for 2028 is expected to range from ₹7,870 to ₹11,420, with an average target of ₹9,645.
The higher target prices for 2028 are based on the following expectations:
-
Continued Growth in Aerospace and Defense Market: The global aerospace and defense market is projected to maintain a steady growth trajectory, driven by factors such as rising defense spending, increasing demand for commercial aircraft, and ongoing technological advancements. This continued growth is expected to benefit MTAR Technologies Ltd as a leading player in the industry.
-
Diversification and Expansion into New Markets: MTAR Technologies Ltd is anticipated to further diversify its product portfolio and expand into new markets, both domestically and internationally. This diversification is expected to drive revenue growth and enhance the company’s global footprint.
-
Strengthened Market Position and Brand Recognition: MTAR Technologies Ltd is expected to solidify its position as a leading and trusted provider of aerospace and defense solutions.
Future Outlook of MTAR Technologies Ltd
The future outlook for MTAR Technologies Ltd is positive, with the company expected to continue its strong growth trajectory in the coming years. The company is well-positioned to benefit from several key factors, including:
-
Growing Aerospace and Defense Market: The global aerospace and defense market is expected to grow at a CAGR of 4-5% over the next five years, driven by increasing demand from both developed and emerging economies. MTAR Technologies Ltd is a leading player in this market, and it is well-positioned to capitalize on this growth.
-
Rising Defense Spending: Governments around the world are increasing their defense spending in response to geopolitical tensions and conflicts. This trend is expected to benefit MTAR Technologies Ltd, as it is a major supplier of components and systems to the defense industry.
-
Increasing Demand for Commercial Aircraft: The demand for commercial aircraft is expected to grow in the coming years, as airlines expand their fleets to meet rising passenger demand. MTAR Technologies Ltd is a major supplier of components to the commercial aviation industry, and it is well-positioned to benefit from this growth.
Risks Associated With Investing in MTAR Technologies Ltd
| Risk | Description |
|---|---|
| Economic Downturns | A global economic slowdown could reduce demand for aerospace and defense products, negatively affecting MTAR Technologies Ltd’s revenue and profitability. |
| Increased Competition | The aerospace and defense industry is highly competitive, and new entrants or existing competitors could intensify competition, putting pressure on MTAR Technologies Ltd’s margins and market share. |
| Geopolitical Tensions and Conflicts | Ongoing geopolitical tensions and conflicts could disrupt supply chains, increase project costs, and create uncertainty in the aerospace and defense market. |
| Technological Disruptions | Rapid advancements in aerospace and defense technologies could make MTAR Technologies Ltd’s existing products obsolete, requiring significant investments in research and development to stay ahead of the competition. |
MTAR Technologies Ltd Competitors
| Rank | Competitor | Country | Market Cap (USD) |
|---|---|---|---|
| 1 | Exotrail | France | 200M |
| 2 | Safran | France | 30,000M |
| 3 | Ursa Major | USA | 430M |
| 4 | Avio | Italy | 3,000M |
| 5 | Benchmark Space Systems | USA | 400M |
| 6 | Dawn Aerospace | Netherlands | 50M |
| 7 | Thrustme | France | 50M |
| 8 | LauncherOne | USA | 1,000M |
| 9 | Orbex Space | UK | 100M |
| 10 | Astranis | USA | 125M |
MTAR Technologies Ltd Share Price FAQs
What is the share price target for MTAR Technologies Ltd in 2024?
The share price target for MTAR Technologies Ltd in 2024 is ₹2,717, representing a 22% increase from the current share price.
What is the share price target for MTAR Technologies Ltd in 2025?
The share price target for MTAR Technologies Ltd in 2025 ranges from ₹3,113 to ₹4,513, with an average target of ₹3,745. This represents a potential upside of 62% to 102% from the current share price.
What is the share price target for MTAR Technologies Ltd in 2026?
The share price target for MTAR Technologies Ltd in 2026 is expected to range from ₹4,195 to ₹6,470, with an average target of ₹5,150. This represents a potential upside of 89% to 187% from the current share price.
What is the share price target for MTAR Technologies Ltd in 2027?
The share price target for MTAR Technologies Ltd in 2027 is expected to range from ₹5,710 to ₹8,760, with an average target of ₹6,970. This represents a potential upside of 157% to 295% from the current share price.
What is the share price target for MTAR Technologies Ltd in 2028?
The share price target for MTAR Technologies Ltd in 2028 is expected to range from ₹7,870 to ₹11,420, with an average target of ₹9,645. This represents a potential upside of 254% to 416% from the current share price.
DISCLAMER: We are not registered financial advisors. We have not provided any real investment advice or stock recommendations regarding Ion Exchange (India) Ltd. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
