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One possible reason for the euphoric rise in the share price of MTAR Technologies post its IPO, besides the attractiveness of the business and the prudent management, is the Street expectations of significantly large orders from the clean-energy segment.
Is Mtar technologies debt free?
Financial Highlights As of December 31, 2020, the company had a net worth of ₹ 246 crore. This translates into a book value per share of ₹ 80. The company had a debt of ₹ 149 crore which would be reduced to ₹ 86 crore. Thus, its total debt-to-equity would be 0.2 times.
What does Mtar Tech do?
MTAR Technologies is one of the leading precision engineering solutions company engaged in the manufacture of mission-critical precision components with close tolerances (5- l0 microns), and in critical assemblies, to serve projects of high national importance, through their precision machining, assembly, testing.
Is MTAR good for long term?
The Market Guru said that investors should put money in MTAR Technologies IPO for big listing gains. Critically, not just listing gains, it is also recommended with a long term view by Anil Singhvi.
Should I buy MTAR shares today?
Price to Book represents the ratio of current market price of a stock to its book value per share….Key Metrics.
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Is Mtar worth buying?
The company’s financial performance looks strong with a healthy balance sheet position. It has a wide product portfolio along with a marquee customer base and robust order book which gives strong revenue visibility going forward. Hence, we recommend investors to Subscribe the issue for short and long term.
Is Mtar good for investment?
It has precision engineering expertise with complex product manufacturing capabilities, and wide product portfolio leading to long-standing relationships with the customers. MTAR can be beneficial as Govt’s make in India initiative in Defense sector. MTAR Tech can be good for long term Investment.
Is Mtar good for long term?
Is Mtar overvalued?
Over all MTAR is overpriced at a FY20 P/E of 57.5 times. But it has been commanding a good grey market premium, indicating the offer will sail through. Keeping the risks in mind, we recommend to subscribe to this IPO for listing gains,” she added. During FY18-20, MTAR’s revenue grew at a 16.8\% CAGR to Rs.
Is Mtar IPO good Quora?
Is it worth investing in the IPO of MTAR Technologies? – Quora. Yes, it is worth to invest in the MTAR Technology IPO.
Is Mtar share good for long term?
Should I buy Mtar shares today?