MTAR Technologies: Shares rose 3.56% as soon as the market opened, investors became rich – skyrocketing success: aerospace and defense stock surges over 3% in morning trade
The aerospace and defense sector in India is passing through a transformational phase with extensive modernization and indigenization efforts by the military. The Ministry of Defense has taken a long term approach and plans for upgradation through capital acquisition. With an emphasis on Make in India, the government promotes local manufacturing and research to boost indigenous capabilities in this sector.
Company Profile
MTAR Technologies was started in the year 1970. MTAR Technologies has since then carved a niche for itself as a reputed manufacturer of diverse Machine Tools, Assemblies, Sub-Assemblies and Spare Parts. The company’s expertise spans across diverse sectors including energy, nuclear, space, aerospace and defence. The company is a leader in the engineering sector. The company has performed well in the last five years. The profit of the company has increased continuously. The Compound Annual Growth Rate (CAGR) of the company has been 80.6%. The Return on Capital Employed (ROCE) of the company stood at 22.55%. Thejo Engineering Ltd is leading with 24.80% ROCE. Whereas Skipper Ltd is at 11.78%.
In FY2023, the revenue of MTAR Technologies Limited is Rs 573 crore. The company has achieved an excellent growth of 77.95%. The company’s operational profit jumped by 63.82% and reached 154 crores. At the same time, the net profit increased by 70.49% and reached Rs 104 crore. The company has seen a growth of 72% in the last one year. Investors should keep an eye on this stock.
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