MTAR Technologies share price today

MTAR Technologies Ltd's share price was ₹6,036.50 at the close on 4 November 2026. It has been rising for 56 weeks. That is 2.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2,339 and ₹8,375, and at that close it sat 61% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today MTAR Technologies Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running.

Over the last 5.6 years the share price moved +523% while the NIFTY 500 moved +80%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2. Promoters cut their stake for 6 quarters in a row

   From 31.8% to 29.2% of the company by the September 2026 quarter.

3. Best operating margin in 13 quarters

   Operating margin was 24% in the June 2026 quarter, against 18% a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), MTAR Technologies reported revenue of ₹361 crore, up 129.9% from ₹157 crore a year earlier, and a profit of ₹50.0 crore, up 354.5% from ₹11.0 crore.

MTAR Technologies results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 30 October 2026, about July to September 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

MTAR Technologies closed at ₹6,036.50 on 4 November 2026, up 149.5% from ₹2,419.20 a year earlier (7 November 2025) and up 244.1% over five years. Its highest weekly close since March 2021 was ₹8,374.50 on 19 June 2026.

MTAR Technologies share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

301 weekly closes from 19 March 2021 to 4 November 2026.

4 Nov 2026: MTAR Technologies closed at ₹6,036.50, down 11.7% on the week and down 22.6% on the month. 30 Oct 2026: MTAR Technologies held its results call for July to September 2026. Management guided: FY27 revenue growth 80% with operating margin 24% reiterated, beat expected on both with no mid-year change.

Earlier

• Results for April to June 2026: Revenue up 129.9% and profit up 354.5% on a year earlier.

MTAR Technologies paid no dividend in the 12 months to 5 November 2026. The last was an interim dividend of ₹3 a share, ex-date 21 February 2022.

MTAR Technologies dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Not in its latest year. MTAR Technologies Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 4 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 30 October 2026, MTAR Technologies' management guided: FY27 revenue growth 80% with operating margin 24% reiterated, beat expected on both with no mid-year change.

“We have come a long way from generating revenues from a small number 3 years ago to aspiring to achieve about 150 crores-plus revenue purely from our MNC aerospace business during the current fiscal year, which we expect to grow further on a year-on-year basis.”Srinivas Reddy, on the call for July to September 2026

What management guided

• Products revenue around ₹500 crore in FY27 backed by customer forecasts.
• MNC aerospace revenue above ₹150 crore in FY27 with further year-on-year growth.
• Working capital around 100 days by end-FY27 and 150 days long term; ROCE around 23% by end-FY27.
• Capital spending ₹500 crore (₹100 crore FY26, ₹400 crore FY27; ₹350 crore fuel cells, ₹150 crore others; 75% debt, 25% accruals) plus ₹50-100 crore yearly sustenance, turnover at least 3 times.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 30 October 2026.

When MTAR Technologies reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Corrected product presentation re-uploaded and quarterly run having at flagged corrected level - check re-upload and next print.

MTAR Technologies is on 3 of our India lists: Small & mid cap stocks, Defence stocks and AI & data centre stocks.

MTAR Technologies Ltd earned ₹50.0 Cr of net profit in the Jun 2026 quarter, +354.5% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹94.0 Cr. That is 13.9% of the quarter's revenue. The same quarter a year earlier earned ₹11.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹94.0 Cr (+77.4% on the year before).

Why profit moved: revenue changed +129.9% on a year earlier and the margin moved +6.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +152.2% and revenue +57.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

MTAR Technologies Ltd reported ₹361 Cr of revenue in the Jun 2026 quarter, +129.9% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 26.9% a year on average. The last full year, FY26, came in at ₹876 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,081 Cr.

FY26 revenue was ₹876 Cr, +29.6% on the year before.

Recent pace: the last four quarters grew +57.1% on average, against 26.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +53.6%, against +39.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +121.7%, against +84.7% a year (accelerating).

MTAR Technologies Ltd's operating margin was 24.0% in the Jun 2026 quarter, 6.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −12.0% and 34.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +5.4 percentage points on the year while gross margin changed −8.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 175% of MTAR Technologies Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹197 Cr of operating cash against ₹94.0 Cr of profit. After ₹91.0 Cr of spending on assets, ₹106 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 175% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 3.1× depreciation over three years. The next section checks what that spending is building.

MTAR Technologies Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 419 days in FY26, down from 423 days in FY21. It spent ₹283 Cr on assets over the last 3 years. Customers take 140 days to pay, and stock sits for 399 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹876 Cr, each day of that cycle ties up about ₹2.4 Cr, so roughly ₹1,006 Cr is tied up in the business at any time.

FY26: customers took 140 days to pay and stock sat for 399 days, about 13.1 months of sales sitting as stock, for a full cycle of 419 days, shorter than FY21's 423.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 399 days. Customers pay about 140 days after that. Suppliers are paid at 119 days. Together that makes the 419-day cycle.

Spending on assets: ₹283 Cr over the last 3 years, against ₹90.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹34.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

MTAR Technologies Ltd's P/E is 136.8×, near the high end of its own history: higher than 76% of past readings. Its usual P/E (the middle reading) is 96.3×, over 5.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹43.39.

Why the multiple is where it is: over the past year earnings per share moved +77.8% while the price moved +149.5%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 5 years the price moved +28.0% a year; about +24.2% a year came from earnings growth and about +3.8 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

MTAR Technologies Ltd's business is getting better. Profit growth hit its low 7 quarters ago at −62.7% and has recovered to +121.7%, with ROCE rising at 23.6%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: a lasting rise from a low is what this page is built to show.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

MTAR has a consistent track record of over-promising and revising guidance downwards. In FY24, revenue guidance was cut from ₹860 Cr to ₹610 Cr, with actuals landing at ₹580 Cr. For FY25, management initially guided for ₹830-900 Cr and 26% margins, but delivered ₹676 Cr and ~18% margins. In FY26, despite a 28.7% on a year earlier revenue drop in Q2 (₹135.6 Cr), management raised growth guidance to 30-35% (goal ~₹900 Cr).

Regulatory and governance record

MTAR Technologies (MTARTECH) is classified as MINOR due to recurring internal compliance lapses. In Feb 2026, the company reported insider trading violations by VP Sidda Reddy Doggala and COO Raja Sheker Bollampally for unauthorized trades in Nov 2025. Profits of ₹1,252 and ₹1,05,522 were disgorged to the SEBI Shareholder Protection Fund. No SEBI bans, CBI/ED fraud investigations, or promoter scams were found. MD P. Srinivas Reddy executed a compliant inter-se gift of 2L shares to his mother in Feb 2026. Analysts have flagged 'execution risks' and missed revenue guidance as business red flags, but these are not regulatory defaults. Note: Unrelated entity 'Maxar Technologies' (US) faced a fraud settlement in 2024.

Checked 12 April 2026.

MTAR Technologies Ltd earned a ROCE of 15% in FY26. That is up from a low of −7% in FY17. Its return on capital used (ROIC) is 7.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 10.7% net margin and 0.50× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 10.7% net margin × 0.50× asset turnover × 2.12× leverage (assets divided by equity) ≈ 11.3% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 19.1% − 12.0% = +7.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

The 19.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 10.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

MTAR Technologies Ltd has total debt of ₹475 Cr against shareholder equity of ₹933 Cr as of Sep 2026, so its debt is 0.51× its equity. Year by year, that ratio went from 0.18 in FY22 to 0.55 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Foreign institutions raised their stake in MTAR Technologies Ltd by 13.1 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 20.9% of the company. Domestic institutions moved +9.8 points over the same period, to 27.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: +13.1 points over 8 quarters, to 20.9%; Domestic institutions: +9.8 points over 8 quarters, to 27.1%; Promoters: −7.2 points over 8 quarters, to 29.2%.

Why the owners changed: foreign institutions drove it (+13.1 points), together with domestic institutions (+9.8 points). They raised their stake step by step.

For MTAR Technologies Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

70.1 out of 100, rank 2 of 25 in Aerospace & Defence - Equipments, with 90% of the evidence available.

MTAR Technologies Ltd scores 70.1 out of 100 against the 25 companies it is compared with in Aerospace & Defence - Equipments, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 32.3 + 15.5 + 7.4 + 14.9 = 70.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

MTAR Technologies ranks 2 of 25 Aerospace & Defence - Equipments companies on the 4-Factor Sector Score, with 70.1 out of 100.