MTAR Technologies Ltd. share price target

The expanded strategic partnership between Oracle and Bloom Energy (Bloom) to 2.8GW (from 1.2GW) underscores Bloom’s capability to provide fast and reliable power suited for AI workloads, which require rapid, load following support that traditional grids were not designed to deliver.

MTAR Technologies (MTARTECH) is a precision engineering company serving niche, high-barrier industries across defense, aerospace, nuclear energy, and clean energy with a growing exposure to global fuel cell technology through its decadelong partnership with Bloom Energy (BE).

MTAR Technologies (MTARTECH) reported a robust 3Q performance, with revenue/EBITDA increasing 59%/93% YoY, driven by strong performance across all business verticals.

MTAR Technologies (MTARTECH) witnessed a setback in its growth trajectory with a weak 2QFY26. Revenue/EBITDA declined 29%/54% YoY, as execution slowed across segments amid tariff-related negotiations.

MTAR Technologies (MTARTECH) has been a key player in India’s aerospace industry with a longstanding association with ISRO, supplying critical assemblies for several key space missions.

MTARTECH derives the majority of its revenue (~60% in 1HFY25) from the clean energy segments, with most of it coming from one customer, Bloom Energy (BE).

MTARTECH reported a weak operating performance in 1QFY25 as revenue was down 16% and EBITDA declined by 52% YoY.

Muted performance; guidance maintained

Strong FY24 guidance; revenue momentum in sustainable trajectory

Strong results; revenue guidance revised up

Cash flows improve ahead of estimates; Strong order booking to drive

Geared up for robust growth

MTAR Technologies Ltd - IPO Note Issue Open: March 03 March 5, 2020 Price Band: Rs. 574 - 575 Issue Size: 10,372,419 eq shares (Fresh issue 2,148,149 + Offer for sale of 8,224,270 eq sh) Issue Size: Rs. 595.38 - 596.41 cr

MTAR Technologies, a precision engineering solutions company, was founded in 1970. The company manufactures hi-precision indigenous components, subsystems and assemblies having components with close tolerances (5-10 micros). Currently, the company has seven manufacturing units in Hyderabad with more than 400 machines, 891 permanent employees and 248 contractual workmen. At the helm of affairs is Promoter and Managing Director, Parvat Srinivas Reddy. MTAR Technologies operates in three segments viz. nuclear, space & defence and clean energy...

engineering capability evolved over decades, has enabled it to consistently offer quality complex precision components and assemblies, within relationship with customers. We believe MTAR's past experience in supplying products, ability to meet customer specific technical requirements, reputation of quality and safety features in their products, good financial strength and price competitiveness will help company leverage its operating...

engineering capability evolved over decades, has enabled it to consistently offer quality complex precision components and assemblies, within relationship with customers. We believe MTAR's past experience in supplying products, ability to meet customer specific technical requirements, reputation of quality and safety features in their products, good financial strength and price competitiveness will help company leverage its operating...

Public issue of 10,372,419 Equity shares of Face value Total Public Rs. 10 each, (Comprising of fresh issue of 2,148,149 Equity Shares* (Rs. 123.5 cr.) and Offer for Sale of...