MTAR Technologies is a precision engineering solutions company based in India. It manufactures mission-critical precision components with close tolerances, which are then used in clean energy, nuclear, space, and defense sectors, and also provides related integration services. What are the trends of MTAR Technologies share price? Let’s see into key financial facts.
MTAR Technologies – Company Profile
Headquartered in Hyderabad, India, MTAR Technologies has been providing world-class engineering solutions to its customers for over three decades.
In its operations, the company uses state-of-the-art manufacturing technologies and facilities equipped with advanced machinery to ensure precision and accuracy in its products and services. Its product range includes a wide range of components such as valves, actuators, and critical assemblies for rocket engines, launch vehicles, and satellites.
Another field MTAR Technologies contributes to is critical assemblies. In total, seven manufacturing facilities are involved in precision machining, assembly, testing, strict quality control procedures, and other specialized processes.
The company employs highly skilled and experienced engineers, designers, and technicians. It has received several awards and recognitions for its excellence in manufacturing and engineering, including the prestigious “Best Aerospace Component Manufacturer” award from the Defense Minister of India.
What are the trends of MTAR Technologies share price?
The MTAR’s share price has shown a small increase (0.44%) on a year-to-date basis. If we look at the stock value over the period of the last 12 months, we can notice a drop of 17.29%. This decrease however may be associated with the start of the war in Ukraine, and less related to the actual economic state of the company.
The value of MTAR shares reached the local minimum in July 2022. Then, the price rapidly climbed by more than 30% over a single month, and has only slightly fluctuated since then. But where the price is headed over a longer term? Let’s check other indicators.
Other metrics show some growth. The Return on Equity (ROE) has increased in the last 12 months versus the last 3 years’ average to 16.70%. Its sales have grown at a healthy 20.58% rate in the last 3 years. MTAR’s last 4 quarters’ sales growth is good at 63.47%.
The total income over the last two quarters grew by 38.75% (Sep 2022) and 26.13 (Dec 2022). At the same time, the net profit margin remained steady and relatively high, at 18.76% and 18.95% for the same quarters. This led to a substantial increase in profit after tax, 27.40% over the last quarter and a whopping 52.23% the quarter before.
These metrics indicate that the situation of MTAR Technologies is quite good. Its share price may rise in the short term, and the probability of this happening is quite high.
The MTAR Technologies share value has a relatively high potential to grow in the near future. Despite the fact that the stock price remained quite steady lately, there are several indicators showing a very positive and healthy growth of this enterprise.
Written by Giedrius Pakalka and Alius Noreika