MTAR Technologies Limited is a precision engineering solutions company that develops, manufactures, and sells mission-critical precision assemblies and components in India and internationally. The company was incorporated in 1970 by the promoters, Mr PR Reddy, Mr KSN Reddy, and Mr PJ Reddy, to cater to the technical and engineering needs of the Indian government in the post embargo regime.
MTAR Technologies is a leader in critical and differentiated engineered products serving multiple high-tech industries. The company is engaged in the manufacture of mission-critical precision components with close tolerances (5-10 microns) and in critical assemblies, to serve projects of high national importance, through its precision machining, assembly, testing, quality control, and specialized fabrication competencies.
MTAR has manufacturing footprints in Hyderabad with seven units spread across a 4 km radius and a dedicated export facility. The company operates through six segments: Civilian Nuclear Power, Space, Defense & Aerospace, Clean Energy, Ball Screws & Roller Screws, and Other Segments-Marine.
- Civilian Nuclear Power: The company offers civilian nuclear power solutions, which include fuel machining head, drive mechanisms, bridge and column, coolant channel assemblies, grid plates, control plug, water lubricated bearings, and other products. This segment serves India's nuclear power program with critical components requiring high precision and reliability.
- Space Solutions: The company provides space solutions comprising electro-pneumatic modules; cryogenic engine sub systems, such as LOX and LH2 turbo pumps, injector heads, and gas generators; and ball screws, as well as designs and develops two-stage to low-earth orbit all-liquid small satellite launch vehicles. The Space segment provides a range of mission-critical assemblies to ISRO for its various missions.
- Defense & Aerospace: The company offers aerospace solutions, which include critical structures and precision equipment; defense products including helicopter housing, magnesium gear boxes, Dalia actuators, and aero structures, such as wing kit assemblies. This segment supports India's defense manufacturing requirements with specialized components.
- Clean Energy: The company provides clean energy solutions including supply of green hydrogen for fuel cell and other sectors, as well as structures and spiral casing for hydel, waste, energy, and other sectors. This growing segment positions MTAR in the renewable energy transition.
- Ball Screws & Roller Screws: This segment focuses on precision-engineered screws for various industrial applications.
- Other Segments-Marine: This segment covers applications in the marine industry.
The company provides specialized products and import substitutes comprising electro-mechanical actuators, roller screws, valves, ASP and cable harnessing assemblies, and heaters. The company supplies specialized products such as Ball Screws, Water Lubricated Bearings, Roller Screws, Electro-Mechanical Actuation Systems, ASP assemblies that find applications across diverse sectors.
MTAR Technologies Ltd's revenue jumped 27.74% since last year same period to ₹183.12Cr in Q4 FY2024-2025, while net profit jumped 181.72% since last year same period to ₹13.72Cr in Q4 FY2024-2025. The company's net profit margin jumped 120.54% since last year same period to 7.49% in Q4 FY2024-2025.
For the full year FY25, the company demonstrated strong growth momentum. MTAR Technologies saw a 47.56% YoY sales growth in Q4FY25, with profits up 55%. The company reported improved operational efficiency and margin expansion during the period.
- Revenue (Q4 FY25): ₹183.12 Cr
- Net Profit (Q4 FY25): ₹13.72 Cr
- Net Profit Margin (Q4 FY25): 7.49%
- Market Capitalization: ₹5,073 Cr (as on 27-May-2025)
- MTAR signed a 10-year Rs. 90 Cr/year contract with Weatherford, with a new facility operational by June 2026, starting FY27. This significant contract demonstrates the company's ability to secure long-term partnerships with global clients.
- MTAR Technologies has secured orders worth Rs 19.2 crore in Clean Energy and Aerospace sectors, with orders including significant contributions from Bloom Energy, ISRO, and Sanmina-SCI India. These orders highlight the company's diversified client base across multiple high-tech sectors.
As per Value Research classification, MTAR Technologies is a Small Cap company. Promoter holding in MTAR Technologies Ltd has gone down to 31.77 per cent as of Mar 2025 from 36.42 per cent as of Jun 2024, indicating some stake dilution by promoters.
The management anticipates 30% revenue growth for FY26, projecting improved margins in subsequent years. The company is well-positioned to capitalize on India's growing defense, space, and clean energy sectors. With its established relationships with key organizations like ISRO and the Department of Atomic Energy, MTAR continues to play a crucial role in India's strategic manufacturing ecosystem.
MTAR Technologies represents a unique investment opportunity in India's precision engineering sector, with its specialized expertise in mission-critical applications and a strong order book providing visibility for sustained growth across multiple high-tech industries.
