Reblog: MTAR Techno IPO review
- MTL is a leading precision engineering solution company having a niche play.
- The company manufactures and does critical assemblies that give high margins.
- The company has seven plants including an EOU.
- In FY19 and FY20 it has posted robust growth amidst all odds.
- The issue is worth considering for the long term despite aggressive pricing.
ABOUT COMPANY:
MTAR Technologies Ltd. (MTL) is a leading precision engineering solutions company engaged in the manufacture of mission-critical precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance, through its precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously developed and manufactured (Source: Company Commissioned CRISIL Report).
The company primarily serves customers in the clean energy, nuclear and space and defense sectors. Since its inception, it has strived to grow continually, contributing to the Indian civilian nuclear power programme, Indian space programme, Indian defense and aerospace sector, as well as to the global clean energy sector and the global defense and aerospace sector. Over the years, the company has also developed import substitutes such as ball screws and water-lubricated bearings that are specialized and used in the sectors it caters to (Source: Company Commissioned CRISIL Report).