Geojit IPO report on MTAR Technologies
MTAR Technologies is a leading national player in the precision engineering industry. Incorporated in 1999, their offerings are primarily served in the nuclear, space and defence, and clean energy sectors where they manufacture critical and differentiated engineered products customized to meet the specific requirements of the customers. They currently operate through seven manufacturing facilities, situated in Hyderabad, including an export-oriented unit (EOU). Some of the clients are ISRO, NPCIL, DRDO, Bloom Energy, Rafael and Elbit.
Valuation and Outlook
With no listed peers and a positive sentiment in the space & defence sectors due to Make in India and Atmanirbhar Bharat with limited competition for the products they manufacture, we assign a Subscribe rating, with a long term perspective.
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