MTAR Technologies IPO is the 9th in 2021. The offer will open for bidding on March 3, 2021. Ahead of the IPO offer, let’s evaluate the various key parameters to understand if it is an offer worth subscribing to.
Before investing in any IPO, it is very important to make an informed decision about its business, competitors, and future growth. Several stock market experts have asked investors to subscribe for MTAR Technologies IPO based on its performance, healthy order book, superior profitability, and competitive edge over its peers.
MTAR Technologies’ well-diverse product portfolio comprises three products in the clean energy segment, fourteen products in the nuclear sector, and six products in space and defence sectors.
According to a report by LKP Research, the company had grown at a CAGR of 16.5 percent in the last three years, when its EBITDA stood at 28.5 percent in FY20. In FY20, the company managed to earn Rs 213.7 crores in revenue and a PTA of Rs 310.30 crores. Between April to December 2020, the company revenue stood at Rs 177.28 crores and PTA at Rs 28 crores.
MTAR Technologies isn’t a typical defence or capital goods company, but it has a healthy order book with a profit net margin of 14 percent in the last fiscal, despite reducing the defence budget of the government.
Now subscribe for MTAR Technologies IPO from Angel One. Open a Demat today and start a financial journey.
Enjoy Zero Brokerage on Equity Delivery
Join our 1.75 Cr+ happy customers
Enjoy Zero Brokerage on