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MTAR Technologies IPO: The right stock to add to your portfolio

MTAR operates in niche growing areas where it enjoys strong competitive advantages

March 03, 2021 / 06:22 PM IST
MTAR Technologies IPO: The right stock to add to your portfolio

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Enjoys strong economic moat in the precision engineering space - Passionate and prudent management with strong focus on balance sheet - Operating in growing defence, space, clean energy and nuclear industries - Reasonable valuation, given the positives During 1970, the Department of Atomic Energy (DAE) contacted Hindustan Machine Tools (HMT) to manufacture certain critical parts of a nuclear reactor, which were then imported. Looking at the criticality and extreme precision required, HMT refused. Realising the importance and opportunity, one gentleman from HMT left his...

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