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MTAR Technologies Pvt Ltd – A Detailed study





MTAR Technologies is a technological business with 50 years of history and expertise in the Indian Civilian Nuclear Power Programme, Indian Space Programme, Indian Defence, Global Defence, and Clean Energy industries. It is a major national player in the precision engineering sector, producing mission-critical precision parts with tight tolerances (5–10 microns) and critical assemblies to support vital national projects. 


MTAR Technologies Limited was founded in 1969 by P. Ravinder Reddy, K. Satyanarayana Reddy, and P. Jayaprakash Reddy to satisfy India’s rising post-embargo engineering needs. The company offers comprehensive production solutions at one location. The business was established as a private limited company on November 11, 1999. 

The company changed its name to MTAR Technologies Limited when it became a public limited company on November 2, 2020. The company manufactures high-precision and large machines, parts, and equipment for industries like nuclear, aerospace, and defense. 

Financials Summary

Revenues and Profits

Over the last five years, MTAR Technologies’ revenues increased at an outstanding CAGR of 15.07% p.a., from Rs 159.60 crore in FY18 to Rs 322.01 crore in FY22. 

From Rs. 39.20 crore in FY19 to Rs. 60.88 crore in FY22, the bottom line increased by 55%. Due to a low base, we did not consider FY18 net profit as the basis for growth calculations. The business had a high net tax rate, which reduced net earnings for the year.


In this phase of our fundamental study of MTAR Technologies, we will examine return ratios to evaluate the effectiveness of the company.

The corporation has historically recorded return ratios called RoCE and RoE for its investors. As the company raised money through an IPO and a term loan, the figures have decreased during the past two fiscal years. 


The risk rating system gives a broad picture of a company’s sustainability risks, emphasizing significant environmental, social, and governance (ESG) concerns. The scale, from Negl (negligible) to Severe, represents the degree of risk that an organization is exposed to. A lower score on the scale indicates better sustainability performance.

The organization has a risk rating 31.6 based on the most recent risk assessment as of December 20, 2022, which denotes a high-risk level.

Shareholders Pattern

The above graph shows the shareholder’s pattern at MTAR Technologies. Promoters got the most share of 46.63%, while the public got 23.27% and others at 1.8%. 

SWOT Analysis


  1. Utilizing capital profitably – RoCE has improved during the past two years.
  2. Utilizing shareholders’ funds wisely – return on equity (ROE) has increased over the past two years
  3. Effective asset management that produces profits – ROA has increased over the past two years
  4. Increasing Revenue every quarter for the previous three quarters by a company with low debt
  5. Annual Net Profits have increased for the past two years.
  6. In the past two years, book value per share has increased.


  1. The last quarter saw MFs’ stake decline.
  2. Need for cash flow from core operations – declining cash flow during the past two years.
  3. Falling profit margin and declining net profit (QoQ).


  1. High momentum ratings (technical ratings above 50)
  2. Stocks with a 52-week high close and high volume
  3. Insiders purchased shares.


The Below table shows the performance of Mtar Technologies with its other competitors.

StockFY PE RatioPB RatioDividend Yield
MTAR Technologies Ltd.56.5011.24
Thermax Ltd58.407.530.43
AIA Engineering Ltd27.406.070.52
Peer analysis of MTAR.

Awards and recognitions

  1. Sri. P. Ravindra Reddy received the Defence Technology Absorption Award from Dr. Manmohan Singh.
  2. Sri. P. Ravindra Reddy and Brig. V. Sreeramulu received the INS Industrial Excellence Award-2003 from Dr. Mohammed Elbaradei, Director General of IAEA.
  3. Brig. V. Sreeramulu received the SITA Award-2001 from the Honorable Governor of Karnataka.
  4. Sri. P. Ravindra Reddy with Sri. Chidambaram during the handing over of the CSRDM for FBR.
  5. Handing over the 1st Vikas Engine for PSLV to Prof. UR. Rao and Mr. Vijay Bhaskar Reddy.
  6. MTAR wins the prestigious SIDM Champion Award.


Among its many specialties are nuclear power, space, defense, and sustainable energy. MTAR Technologies is a top provider of precision engineering. The organization has proven its capacity to produce top-notch goods and services through outstanding financial performance, remarkable honors, and recognition. However, issues with operating and profit margins and the need for better cash flow from core businesses must be addressed to maintain growth and profitability.

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Finance World

Why Muthoot Finance is not affected by the small cap and mid cap fall?



This week, if you’ve been keeping an eye on the stock market, you might’ve noticed something unusual. While the small cap and mid cap markets took a serious dive, Muthoot Finance seemed to just avoid it, falling by a mere 2%. So, what’s their secret?

What is the business of Muthoot Finance?

First up, Muthoot Finance has a strong foothold in gold loans. Now, why does this matter? Well, when other investments seem risky, people tend to fall back on gold because it’s considered a safer bet. With gold prices staying high, Muthoot’s gold loan business is like a stable ship in a stormy sea.

Muthoot Finance target price by Kotak

Kotak Institutional Equities is pretty optimistic about Muthoot, recommending a “buy” with a target of Rs 1,500. They think Muthoot is in a prime spot to grab a bigger slice of the gold loan market. Plus, with some Non-Banking Financial Companies (NBFCs) hitting a rough patch, Muthoot has a clear ground to expand and grow further. Unlike NBFC, Muthoot has a strong ground presence with offices and branches, they have physical repo with their customers, unlike NBFC who operate from AC offices.

New Friends and New Frontiers

Muthoot isn’t just sitting pretty with its gold loans; it’s also making moves. It teamed up with Evfin to finance electric two-wheelers across India. And there’s more – Muthoot FinCorp has brought Veefin Solutions on board to kick off supply chain finance operations. This means they’re planning to lend a hand to small and medium businesses, helping them keep the wheels turning. So, its a great news that Muthoot is expanding into fields that are not dependent on gold loans alone.

Spreading Their Wings

Muthoot Microfin, a part of the Muthoot Group, is pushing into new territories too. They’ve just set foot in Telangana and have their sights set on Andhra Pradesh next. This move is about bringing more people into the financial fold, especially in places where banking services might be hard to come by. This gives an edge to Muthoot over banks and NBFC.

Are you wondering whether to invest in Muthoot Finance or Manappuram Gold? Take a look at this:

So, What’s the Deal?

While the market’s mood swings have sent some companies into a pit, Muthoot Finance has managed to stay stable. Thanks to its focus on gold loans, strategic partnerships, and expansion plans, it’s not just surviving; it’s set to thrive. So, while the rest of the market might be catching its breath, Muthoot is marching on, steady as ever.

Keep following us for more such latest news on TradeAlone.

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Finance World

Infibeam Avenues Ltd expands into the US Market with an Acquisition



Hello, digital pioneers and fintech enthusiasts! Let’s dive into a groundbreaking announcement for Infibeam. Infibeam Avenues Ltd, an AI-powered financial technology, is embarking on an exciting journey by acquiring a 20% stake in XDuce. XDuce is a mastermind in enterprise Application and AI development based in the United States. This bold move involves an investment of USD 10 million. This also marks a significant milestone in Infibeam Avenues Ltd’s global expansion narrative.

XDuce: A Hub of Innovation

Nestled in the heart of New Jersey, XDuce boasts a team of over 150 software developers. They’re a team behind the curtain for marquee clients like Bank of America and Morgan Stanley, to name a few. XDuce’s expertise in business application implementations and transformation is nothing short of legendary in the financial and insurance sectors of North America.

A Fusion of Giants

So, what happens when Infibeam Avenues Ltd and XDuce comes together? Infibeam Avenues Ltd wants to merge it’s AI Solutions and CCAvenue Payments business into the network that XDuce has built. This collaboration is about expanding business footprints, revolutionizing how AI-driven technologies are employed in fraud detection, authentication, and risk identification in the financial sector of the US.

Redefining Financial Technology

Imagine a world where transaction fraud is no longer a looming threat, thanks to state-of-the-art AI technologies. That’s the vision Mr. Jay Dave, CEO of XDuce, and Mr. Rajesh Kumar SA, CEO of Phronetic.AI, share. By integrating PhroneticAI abilities with XDuce’s solutions, they will offer businesses and consumers in the US with security and efficiency.

The Road Ahead

According to Mr. Vishwas Patel, Joint Managing Director of Infibeam Avenues Ltd, international business currently contributes less than 10% to the company’s total revenue. But with strategic moves like this, they’re aiming for international business to soar to 30% of total revenue in the coming years.

Infibeam Avenues Ltd at a Glance

Infibeam Avenues Ltd is at the forefront of offering digital payment solutions and enterprise software platforms across the globe. With a transaction worth INR 4.5 trillion (US$ 54 billion) processed in FY23, and a client base of over 10 million. Spread across digital payments and enterprise software platforms, they’re leading digital revolution.

Wrapping Up

The strategic investment in XDuce is a bold step towards Infibeam Avenues Ltd’s vision of global expansion and innovation.

Stay tuned with Tradealone, as we continue to follow this exciting journey of Infibeam Avenues Ltd. Stock price for Infibeam closed 7% up today. We also see a continues profit growth for Infibeam Avenues over the past 4 years. Although, we cant recommend a buy or sell call for the stock, however we feel this stock deserves your attention.

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Finance World

Satin Creditcare Expands its Reach by entering Telangana and Andhra Pradesh, stock has doubled so far this year



In a country where financial inclusion remains a major yet challenging goal, the expansion of services to underbanked regions marks a significant step forward. Satin Creditcare Network Limited (SCNL), a leading name in microfinance, announces its strategic entry into Telangana and Andhra Pradesh. This move not only amplifies SCNL’s presence to 26 states and union territories across India but also underlines its commitment to empowering the economically marginalized communities with vital financial services.

A Leap Towards Nationwide Financial Inclusion: SCNL’s mission to drive financial inclusion is more than just a business expansion; it’s a pledge to reach the unreached. The opening of two new branches in Telangana (Warangal and Huzurabad) and one in Kadiri, Andhra Pradesh, is a testament to SCNL’s dedication to making financial services accessible to all, especially in rural and semi-urban areas where banking facilities are scarce.

Why Telangana and Andhra Pradesh?

The choice of Telangana and Andhra Pradesh for SCNL’s latest expansion is strategic. Both states have shown promising economic growth yet house significant populations that lack access to basic financial services. By stepping into these states, SCNL aims to fill this gap, offering microfinance solutions that can serve as a catalyst for economic empowerment and sustainable development. Moreover, Telangana is a fast growing hub for Pharma industry as the state capital Hyderabad leads the way.

SCNL’s Blueprint for Empowerment

SCNL’s approach to empowerment through financial inclusion is holistic. Focused on rural India, with 76% of its operations dedicated to rural communities across 97,000 villages, SCNL is not just providing financial services but is also contributing to the rural economy’s growth. This expansion is a stride towards enabling access to credit for the underserved, thereby fostering an environment of economic resilience and growth.

A Message from the Leadership

Mr. HP Singh, Chairman cum Managing Director of SCNL, remarks, “Our expansion into Telangana and Andhra Pradesh is a significant milestone in our journey towards a financially inclusive India. It’s not merely about increasing our geographical footprint; it’s about touching lives, empowering the marginalized, and contributing to the nation’s economic fabric. We’re here to make a difference, one individual, one community at a time.”

Ashirvad Microfinance is a fast growing company as well. Check it out if you are interested.

Beyond Expansion – A Look at SCNL’s Innovations

SCNL’s innovations extend beyond traditional microfinance. The institution’s portfolio includes loans to MSMEs, affordable housing loans through its subsidiary Satin Housing Finance Limited (SHFL), and the commencement of MSME business through Satin Finserv Limited (SFL). These initiatives demonstrate SCNL’s commitment to diversifying financial solutions that cater to various needs of the underserved.

The Road Ahead for SCNL

As SCNL carves new paths in Telangana and Andhra Pradesh, the future looks promising. This expansion is not just about growth but about deepening the impact of financial inclusion across India. With continued innovation and a steadfast commitment to its mission, SCNL is poised to create significant strides in empowering communities and fostering economic development across the country. Moreover, the stock price for Satin Creditcare has almost doubled in the last one year.

Conclusion: SCNL’s expansion into Telangana and Andhra Pradesh marks a new chapter in its mission to facilitate financial inclusion across India. By reaching out to the economically marginalized sections of society, SCNL strengthens its role as a catalyst for economic empowerment and sustainable development. As we watch this journey unfold, the prospects for a financially inclusive India appear brighter than ever. Despite that we do not see any positive signs from the revenue and profit growth of the company over the last 5 years. Thus, we feel that investors must be cautious while investing here.

Remember that microfinance companies also face competitions from the major banks. However, as this move is towards uncharted regions of Telangana and Andhra, we do not think that the banks would pose any risk to Satin Creditcare.

Call-to-Action: We invite you to join the conversation: How do you think SCNL’s expansion will impact financial inclusion in Telangana and Andhra Pradesh? Share your thoughts and insights in the comments below. Let’s discuss how financial empowerment can transform lives and communities. Also, please follow Tradealone for more such latest updates.

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