MTARTECH

Mtar Technologies Limited

Aerospace & Defense/ NSE

Under exchange surveillance ASM · Stage IV

Not tradable by these rules. ASM Stage IV — trade-for-trade settlement, so there is no continuous market to exit into.

ASM: 100% margin and, at the higher stages, a narrower band. The exchange flagging price/volume/volatility behaviour, not accounts.

The full ledger → · a flag is a change in how a stock trades, not a verdict on the company

Compiled

Auto-generated from filings and public channels — no analyst dossier.

If management delivers what it guided

arithmetic on filed guidance and past valuations · not a price target

MTARTECH

FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹5,726 today

BEAR

₹3,952

-31%

82.5% a year · 69.9x exit

BASE

₹6,562

+15%

142.7% a year · 87.2x exit

BULL

₹9,944

+74%

193.9% a year · 109.2x exit

Where the market has priced it

47x185x today — outside the range116x

FY27 one quarter filed — the pace is shown, not judged: guided +80.0%, filed +129.9% across 1 quarter(s)
at 185x its FY26 earnings the stock already trades above the top of its own ten-year range (109x)
this company's own median multiple sits 227% above its filed-industry peers; the scenario uses its own

How these numbers are produced

Earnings base	FY26 fiscal year EPS ₹31 (screener)
Guided growth	142.7% a year, said on the call of 20-May-2026 · transcript
Read across as	operating: revenue growth x margin change — medium confidence
Delivery calibration	0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings
Exit multiple	69.89x / 87.25x / 109.17x, this company’s own p20 / median / p80 across 6 filed years
Filed-industry peers	median 26.69x across 3 peers — the cross-check, not the input
Arithmetic	base EPS × (1 + guided growth × delivery)¹ × exit multiple

Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.

How to read this

It answers one question. If this management delivers the growth it told its own investors it would, and the market pays what it has historically paid for this company's earnings, where does the arithmetic land? Nothing here is a forecast of the share price.
Three cases, two moving parts. Bear, base and bull vary the delivery — what fraction of guidance managements actually file — and the exit multiple together, because a company that misses its guidance is usually de-rated for missing it. Each case shows the growth rate and the multiple that produced it.
Read the width, not just the middle. A wide gap between bear and bull means the inputs are uncertain, not that the upside is bigger. A narrow range is a more confident statement than a high one.
“Where the market has priced it” puts today's P/E on the company's own historical range. Sitting far below that range is why a scenario can look enormous: the number is then mostly about re-rating, not about delivery, and the board marks those separately.
The bullets underneath are the caveats — a borrowed peer multiple, a thin filed history, an earnings base that carried a one-off. They are the reasons to trust the number less, listed rather than buried.

Not a price target, not a recommendation, and not a forecast of what the stock will do. The field guide covers the method.

What management said

from NSE earnings-call filings · extracted, not interpreted

ebitda margin 24%revenue growth 80%generic growth 80%

And having confidence in the execution of orders on hand, we are raising our guidance for FY '27 from 50% revenue growth to 80% plus - revenue growth, plus/minus 5%, with clear EBITDA margins of around 24% for the year, mainly due to our in

Call 20-May-2026 · bridge confidence medium · transcript PDF

Pace against its own guidance

FY27 one quarter filed — the pace is shown, not judged

guided 80.0% filed 129.9% 1 of 4 quarters

Coverage

SectorAerospace & Defense

Dossiersnone

Guidanceyes

Scenarioyes

Street chatter

unverified · logged from public channels

⚙️ MTAR Technologies | Q1 FY27 Highlights

📍 CMP: ₹6,312 | M.Cap: ₹19,456 Cr | PE: 141.7

Results04 Aug 19:14

MTAR TECHNOLOGIES: Receives ₹467 Cr international orders from existing global customer.

Order win22 May 13:29

MTAR TECHNOLOGIES: Denies any order cancellation, confirms strong order book and ongoing execution.

15 Jun 13:29

MTAR TECHNOLOGIES: Denies reports of order cancellations; confirms healthy order book and no material impact.

12 Jun 13:29