Industrials
Mtar Technologies Limited (MTARTECH) breaks below support, falls 5%
Mtar Technologies Limited (NSE: MTARTECH) experiences a 5% intraday drop, breaking below support. The stock is now trading at ₹5467.0.
Mtar Technologies Limited (MTARTECH) breaks below support, falling -5% today. The stock has fallen below its 6-month support trendline, signaling a breakdown after previously bouncing from support. Mtar Technologies operates in the specialty industrial machinery sector, and today’s move appears to be driven by technical factors rather than sector momentum, suggesting a company-specific reaction.
Technical setup — trendlines & DMA
Currently, Mtar Technologies is trading below its 6-month support trendline, which ends at ₹6454.14, representing an 18.06% drop from this level. Resistance is far off at ₹9625.52, indicating significant upside potential if the stock can reverse its current trend. The 50-DMA is above the 200-DMA, suggesting a bullish long-term trend, though the stock is currently trading 20.66% below the 50-DMA, indicating a short-term pullback. In its 52-week range, the stock is in the middle third, up 56% from the low but down 37.3% from the high, suggesting there’s room for both further declines and potential upside.
Snapshot: ₹5,467.00 on 2026-07-28 (chart frozen at publication)
Fundamentals & business context
With a PE of 187.0, Mtar Technologies is trading at a high multiple given its profit margin of 10.7% and revenue CAGR of 15.4%. This suggests that the market may be pricing in significant future growth, despite the company’s declining profit CAGR of -3.1% over the past five years. Institutional ownership stands at 33.9%, indicating a level of confidence from sophisticated investors, though the lack of recent NSE filings means today’s move is not driven by new fundamental information.
Algorithmic scorecard
The overall algorithmic scorecard reflects a technically strong but fundamentally weaker profile for Mtar Technologies. Two of the strongest signals are the bullish trend indicated by the 50-day average being above the 200-day average and the bullish sentiment over the last 30 days, where volume on up days has been 2.18 times higher than on down days, pointing to systematic accumulation. On the weaker side, the declining profit CAGR and negligible dividend yield are significant risks. The company’s very low debt levels and consistent revenue growth, however, provide a buffer against these weaknesses.
Company outlook
Management has raised guidance for FY ’27, targeting 80% plus revenue growth, with EBITDA margins around 24%. The clean energy sector is expected to contribute around 70% of the revenue growth, with significant contributions also expected from the nuclear and defense sectors. Specific initiatives include a strong order book in the nuclear sector of over INR650 crores, defense and aerospace orders worth more than INR360 crores, and expected order inflows of INR400 crores to INR500 crores from AI data centers. The company plans to invest INR250 crores to INR300 crores in additional capacities for a major customer in the clean energy sector and maintain a debt-to-equity ratio of around 0.5 for the next two years.
Get all details on MTARTECH — P&L, peers, shareholding and more on TradeAlone.
Industrials
Mtar Technologies Limited (mtartech) Reports Highest-ever Q2 FY27 Revenue with 200% Yoy Growth
Mtar Technologies Limited (MTARTECH) achieves record Q2 FY27 revenue of ₹406.8 Cr, up 200% YoY, driven by strong performance in Clean Energy, Aerospace, and.
Mtar Technologies Limited (MTAR) has announced its unaudited financial results for the second quarter of FY 27, marking another strong quarter with its highest-ever quarterly revenue. The company reported a 200% year-over-year (YoY) growth in revenue, reaching ₹406.8 crore in Q2 FY 27 compared to ₹135.6 crore in Q2 FY 26. Moreover, the earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by 483.3% YoY to ₹99.2 crore. This impressive performance is also reflected in the profit metrics, with profit before tax (PBT) soaring 1314.6% YoY to ₹80.3 crore and profit after tax (PAT) jumping 1309.5% YoY to ₹59.8 crore.
Quarterly Performance
The quarter-over-quarter (QoQ) growth was also notable, with a 12.8% increase in revenue from operations to ₹406.8 crore compared to ₹360.7 crore in Q1 FY 27. EBITDA grew by 16.6% QoQ to ₹99.2 crore, while PBT and PAT both increased by 19.1% QoQ to ₹80.3 crore and ₹59.8 crore respectively.
Management Commentary
Commenting on the results, Mr. Parvat Srinivas Reddy, Managing Director of MTAR Technologies, said, “The Company continues to deliver strong quarterly performance, consistently surpassing the achievements of preceding quarters. We expect H2 FY27 to be stronger than H1, supported by a robust order book and sustained execution momentum, in line with our annual guidance. While we remain focused on strengthening our presence across key business segments, execution continues to be our key priority. Looking ahead, we remain confident of sustaining strong growth momentum over the coming years, supported by strong industry tailwinds across the sectors in which we operate.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Mtar Technologies Limited
Mtar Technologies Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Mtar gains 16.7% over three months and trades near its 52-week highs. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock trades at 75% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 16.7% in three months on 15.4% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Mtar Technologies Limited.
Industrials
Praj Industries Limited (prajind) Q2 FY27: Revenue Up 18%, PAT Rises 105%
Praj Industries Limited (PRAJIND) announced Q2 FY27 results with revenue at Rs. 8,490 million, PAT at Rs. 232 million.
Praj Industries Limited (PRAJIND) announced its unaudited financial results for the quarter ended September 30, 2026. The company reported a significant improvement in its financial performance for Q2 FY27. Income from operations stood at Rs. 8,490 million, marking an 18% increase compared to Rs. 7,158 million in Q1 FY27 and a slight dip from Rs. 8,416 million in Q2 FY26. The profit after tax (PAT) for the quarter is at Rs. 231.6 million, a remarkable 105% rise from Rs. 116.1 million in Q1 FY27 and a notable increase from Rs. 192.8 million in Q2 FY26.
Financial Highlights
The company’s profit before tax (PBT) is at Rs. 361.2 million for the period, up from Rs. 210.5 million in Q1 FY27 and Rs. 296.1 million in Q2 FY26. The order intake during the quarter is Rs. 7,150 million, a decrease from Rs. 10,000 million in Q1 FY27 but higher than Rs. 8,130 million in Q2 FY26.
Half-Yearly Performance
For the first half of FY27, income from operations stood at Rs. 15,648 million, a 5% increase compared to Rs. 14,818.4 million in H1 FY26. The PBT for the period is at Rs. 571.7 million, up from Rs. 392.2 million in H1 FY26. The PAT for H1 FY27 is at Rs. 347.7 million, a substantial rise from Rs. 246.2 million in H1 FY26. The order intake for H1 FY27 is Rs. 17,150 million, up from Rs. 16,080 million in H1 FY26.
Commenting on the company’s performance, Mr. Ashish Gaikwad, MD, Praj Industries said, “While the overall business environment continues to remain uncertain, the company delivered an improved performance during the quarter on a sequential basis. While we are cautious of the business environment and geopolitical scenario, we are excited and ready to deliver on the emerging opportunities in the segments of GenX and CBG.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Praj Industries Limited
Praj Industries Limited belongs to the Industrials › Engineering & Construction sector. Here’s a quick read on where the business and the stock stand today.
Praj drops 17.2% over three months and trades near its 52-week lows. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue contracts at -3.2% CAGR. That signals structural headwinds, not a short-term blip. The stock sits at 9% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at -3.2% yet the PEG reaches 99.00 — expensive for that growth. Furthermore, the stock drops 17.2% in three months. Neither value nor momentum supports this setup. It needs an earnings beat or a price reset first. Check Fundamentals of Praj Industries Limited.
GREAVESCOT
Greaves Cotton Limited Q2fy27: Revenue Up 44% Yoy, Ebitda Surges 43%
Greaves Cotton Limited (NSE: GREAVESCOT) reports consolidated revenue of ₹1,176 crore in Q2 FY27, up 44% YoY, driven by strong growth across its core and inv.
Greaves Cotton Limited (NSE: GREAVESCOT) one of India’s leading diversified engineering companies, announced its unaudited financial results for the quarter ended September 30, 2026. Consolidated revenue for Q2 FY27 stood at ₹1,176 crore, up 44% YoY. EBITDA increased to ₹73 crore in Q2 FY27 up by 43% YoY from ₹51 crore in Q2 FY26, while Business PBT for Q2 FY27 stood at ₹44 crore.
Strong Performance Across Core and Investee Businesses
Consolidated revenue grew 44% YoY in Q2 FY27 and 38% YoY in H1 FY27, driven by strong performance across both Core and Investee Businesses. Greaves Cotton’s Core Businesses recorded 24% YoY growth in Q2 FY27 and 20% growth in H1 FY27, reflecting continued momentum across Energy Solutions, Mobility Solutions and Industrial Solutions.
GEML’s Remarkable Growth
GEML consolidated revenue of ₹410 crore in Q2 FY27 (H1 FY27: ₹680 crore) registering 106% YoY growth in Q2 FY27 and 103% YoY growth in H1 FY27. The Company launched new products and variants across the Electric mobility (Ampere Nexus EX+ and Magnus G-Max) and Core Businesses (750 HP firefighting engine, 470 cc diesel engine for 3W applications).
Parag Satpute, MD & Group CEO, Greaves Cotton Limited, said: “Our Q2 FY27 performance reflects disciplined execution across our diversified portfolio, with strong growth across our Core Businesses and continued progress on the priorities under GREAVES.NEXT. Our diversified portfolio enabled us to deliver robust revenue growth while advancing key strategic initiatives across Energy Solutions, Mobility Solutions and Industrial Solutions.”
As we enter the second half of FY27, our priorities remain clear: sustaining growth, strengthening operating and financial performance, expanding our international footprint and building higher-value customer solutions. With a strong engineering foundation, a diversified business portfolio and disciplined execution, we remain committed to creating sustainable long-term value for our shareholders and all stakeholders.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves falls 18.1% over three months and has not found a floor yet. The PEG stands at 4.32 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gains 10.1% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. The stock rises -18.1% in three months on 8.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Greaves Cotton Limited.
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