MTAR Technologies Limited is one of India’s largest manufacturing and fabrication companies for precision components. MTAR Technologies is a leading player in precision engineering and manufacturing.
The foundation for MTAR’s precision engineering systems was laid in 1969. The company received a major order to supply coolant channel assemblies to the Department of Atomic Energy (DAE). These components, manufactured and fabricated by MTAR, were used to advance the Indian Civil Nuclear Program.
In 1970, MTAR established its first manufacturing unit to fulfil the BHEL orders. The company started manufacturing the components for clean energy initiatives and space research programmes. In 1975, 1978, and 1980, MTAR established different manufacturing and processing units in multiple locations in India.
1983 marked a significant step for MTAR Technologies as the company received its first order from the Indian Space Research Organisation (ISRO). The company started manufacturing ball screws in 1985. The Defence Research and Development Organisation (DRDO) placed its first order with MTAR in 1986, promoting the company as one of the defence sector suppliers. The company's defence sector services segment kept growing over the years as other agencies like Hindustan Aeronautics Limited (HAL) became its customers.
MTAR worked on missions of national importance and in 1989, delivered the first Vikar Engine to ISRO. In 1990, MTAR converted from a partnership firm to a private limited company.
In 2010, the company started its seventh manufacturing unit for export purposes only. The company started defence exports in 2018.
The market capitalisation of MTAR Technologies Limited stood at over ₹6,500 crore as of January 23, 2024. MTAR share price has increased more than 26% in the last one year.
MTAR Technologies business operations
MTAR Technologies is one of the major component and equipment suppliers for nuclear, defence and aerospace programmes in India. The company’s services encompass all engineering needs of its customers from designing to manufacturing and integration.
The company also caters to the needs of global firms operating in defence and clean energy sectors.
In FY23, MTAR generated the highest-ever revenue through its business operations globally. MTAR manufactures ball screws, water lubricated bearings, roller screws, electro-mechanical actuation systems and ASP assemblies that find applications across diverse sectors.
The company has seven manufacturing units in India, with one completely export-oriented unit located in Hyderabad. MTAR Tech has also signed an MoU with ISRO for a small satellite launch vehicle project powered by semi-cryogenic technology with a 100-ton engine in the first stage and a 10-ton engine in the second.
The clean energy division of MTAR is a major contributor to the total revenue of the company. The company is engaged in the manufacturing of components and specialised fabrication of critical assemblies to customers. The company’s customers in the renewable energy segment include global players like Bloom Energy, Voith, GE Power and Andritz. The company supplies power units and specifically hot boxes to these clients. MTAR Tech is also developing hydrogen boxes and electrolysers for its renewable energy clients.
MTAR Technologies Financial Highlights
- Revenue: MTAR Technologies reported revenue of ₹899.30 crore in FY26 vs ₹681.15 crore in FY25. It showed an increase of 32.03% on a yearly basis.
- Operating Profit: MTAR Technologies reported an operating profit of ₹126.15 crore in FY26 vs ₹71.57 crore in FY25. It showed an increase of 76.26% on a year-on-year basis.
- Net Profit: MTAR Technologies reported a net profit of ₹94.03 crore in FY26 vs ₹52.89 crore in FY25. It showed an increase of 77.78% on a yearly basis.
MTAR Technologies Quarterly Result Highlights
- MTAR Technologies reported revenue of ₹322.47 crore in Mar 2026, compared with ₹280.37 crore in Dec 2025, representing an increase of 15.02% on a quarter-on-quarter (QoQ) basis.
- MTAR Technologies reported an operating profit of ₹59.54 crore in Mar 2026, compared with ₹46.12 crore in Dec 2025, representing an increase of 29.10% on a quarter-on-quarter (QoQ) basis.
- MTAR Technologies reported a profit of ₹44.28 crore in Mar 2026, compared with ₹34.69 crore in Dec 2025, reflecting an increase of 27.64% on a QoQ basis.
- The earnings per share (EPS) of MTAR Technologies stood at ₹17.19 during Mar 2026.
