Bharat Dynamics Limited vs Mtar Technologies Limited
An objective side-by-side of BDL and MTARTECH, both in Engineering: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-30 close
Latest results: BDL Jun 2026 · MTARTECH Jun 2026
At a glance
- Bharat Dynamics Limited is the larger company by market value, about 1.7 times the size of Mtar Technologies Limited.
- On trailing earnings, Mtar Technologies Limited trades at the lower P/E (179.0 against 193.7).
- Mtar Technologies Limited earns the higher return on equity (16.3% against 5.0%).
- Over the past year the share prices returned -29.1% (BDL) and +304.2% (MTARTECH).
| Metric | Bharat Dynamics BDL |
Mtar Technologies MTARTECH |
|---|---|---|
| Size and price | ||
| Market cap | ₹40,692 Cr | ₹23,983 Cr |
| Share price | ₹1,110 | ₹7,797 |
| Valuation | ||
| P/E | 193.71 | 179.01 |
| P/B | 9.59 | 29.14 |
| EV/EBITDA | 638.88 | 107.01 |
| Dividend yield | — | 0.0% |
| Profitability | ||
| ROE | 5.0% | 16.3% |
| ROCE | 14.0% | 15.0% |
| Operating margin | 4.6% | 21.1% |
| Sales (TTM) | ₹1,387 Cr | ₹1,080 Cr |
| Net profit (TTM) | ₹210 Cr | ₹134 Cr |
| Growth | ||
| Latest quarter sales YoY | +130.8% | +130.4% |
| Latest quarter profit YoY | +547.4% | +364.5% |
| Sales CAGR 3Y | — | +15.0% |
| Profit CAGR 3Y | — | -2.0% |
| Sales CAGR 5Y | — | +29.0% |
| Profit CAGR 5Y | — | +16.0% |
| Financial strength | ||
| Debt/Equity | 0.00 | 0.46 |
| Interest cover | -27.27 | 4.64 |
| Ownership | ||
| Promoter holding | 74.9% | 30.4% |
| Promoter change (4 qtrs) | +0.00 pp | -1.21 pp |
| Price performance | ||
| Return 1M | -12.93% | +10.70% |
| Return 3M | -19.84% | +5.36% |
| Return 1Y | -29.13% | +304.16% |
| Return YTD | -24.30% | +222.63% |
| Technical condition | ||
| Technical score | 17 | 75 |
| RS rating (1-99) | 18.00 | 98.00 |
| % vs 200-DMA | -15.90% | +47.14% |
| RSI (14) | 32.55 | 62.45 |
| % from 52-week high | -32.04% | -10.52% |
