MTAR TECHNOLOGIES LTD.

MTAR Technologies Ltd. is a leading national player in the precision engineering industry, specializing in the manufacturing of mission critical precision components with tight tolerances (5-10 microns), as well as critical assemblies, to support high-priority national projects, using precision machining assembly, testing, quality control, and specialized fabrication capabilities, some of which have been awarded. The company has evolved into a large group with state-of-the-art facilities with an unrivalled history of contributing of India’s civil nuclear Power-programme, Indian sub-programme, Indian Defence, and global clean energy sectors since its inception in the year 1970.

The company offers a wide- variety of complex product portfolio, by creating a niche for itself in the Indian precision engineering industry and is counted among the top three Suppliers of engineering requirements of Indian nuclear, Defence and Space sectors. Their esteemed client list includes: ISRO, NPCIL, DRDO, Bloom Energy, Rafael, and Elbit. They currently operate through seven manufacturing facilities, including an export-oriented unit. MTAR technologies has always put special emphasis on R&D because it allows them to evolve their process technologies thereby enabling them to achieve design specifications with accuracy.

MTAR gives utmost importance to corporate social responsibility to protect the interests of all the stakeholders. Some of their CSR projects includes Implementing fair and ethical business practices, Nurturing the talent by development of employees, providing a safe and sustainable environment to future generations by involving in clean energy supply chain, creating value to stakeholders and regular community engagement with local bodies and agencies such as police stations or Govt. of India.

The shareholding pattern of the company consists of: Promoters having 50.25% shares, FIIs having 3.02% shares, DIIs having 24.14% shares and Public having 22.58% shares. 

For the year ending 31-03-2021, the company has reported a Consolidated Total Income of Rs 246.56 Crore, up 13.02% from last year Total Income of Rs 218.1408 Crore. Company has reported net profit after tax of Rs 46.04 Crore and EPS of Rs17 this year. The Board of Directors decided to recommend a Final Dividend @ Rs. 3 per equity share of Rs. 10/- each for the financial year 2020-21.           

The results of FY21 were competent.