Buy MTAR Technologies, target price Rs 1900: Prabhudas Lilladher
Promoters held 47.18 per cent stake in the company as of 31-Dec-2022, while FIIs owned 3.79 per cent, DIIs 26.56 per cent.
By ETMarkets.com | Updated:
Agencies
Prabhudas Lilladher has buy call on MTAR Technologies with a target price of Rs 1900. The current market price of MTAR Technologies is Rs 1740.35. Prabhudas Lilladher recommended to keep stop loss at Rs 1650.
MTAR Technologies, incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 5350.78 Crore) operating in Engineering sector.
MTAR Technologies key Products/Revenue Segments include Electronic Components & Equipments and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 165.92 Crore, up 26.13 % from last quarter Total Income of Rs 131.55 Crore and up 109.39 % from last year same quarter Total Income of Rs 79.24 Crore. Company has reported net profit after tax of Rs 31.45 Crore in latest quarter.
The company’s top management includes Mr.Subbu Venkata Rama Behara, Mr.Krishna Kumar Aravamudan, Mr.Udaymitra Chandrakant Muktibodh, Mr.Vedachalam Nagarajan, Mr.Gnana Sekaran Venkatasamy, Mr.Praveen Kumar Reddy Akepati, Mr.Venkatasatishkumar Reddy Gangapatnam, Mr.Mathew Cyriac, Mr.Parvat Srinivas Reddy, Mr.Ameeta Chatterjee. Company has S R Batliboi & Associates LLP as its auditors. As on 31-12-2022, the company has a total of 3 Crore shares outstanding.
Promoters held 47.18 per cent stake in the company as of 31-Dec-2022, while FIIs owned 3.79 per cent, DIIs 26.56 per cent.
MTAR Technologies, incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 5350.78 Crore) operating in Engineering sector.
MTAR Technologies key Products/Revenue Segments include Electronic Components & Equipments and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 165.92 Crore, up 26.13 % from last quarter Total Income of Rs 131.55 Crore and up 109.39 % from last year same quarter Total Income of Rs 79.24 Crore. Company has reported net profit after tax of Rs 31.45 Crore in latest quarter.
The company’s top management includes Mr.Subbu Venkata Rama Behara, Mr.Krishna Kumar Aravamudan, Mr.Udaymitra Chandrakant Muktibodh, Mr.Vedachalam Nagarajan, Mr.Gnana Sekaran Venkatasamy, Mr.Praveen Kumar Reddy Akepati, Mr.Venkatasatishkumar Reddy Gangapatnam, Mr.Mathew Cyriac, Mr.Parvat Srinivas Reddy, Mr.Ameeta Chatterjee. Company has S R Batliboi & Associates LLP as its auditors. As on 31-12-2022, the company has a total of 3 Crore shares outstanding.
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Promoter/FII Holdings Promoters held 47.18 per cent stake in the company as of 31-Dec-2022, while FIIs owned 3.79 per cent, DIIs 26.56 per cent.
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