Mtar Technologies Limited vs Azad Engineering Limited
An objective side-by-side of MTARTECH and AZAD, 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 2026-10-16 close
Latest results: MTARTECH Jun 2026 · AZAD Jun 2026
At a glance
- Mtar Technologies Limited is the larger company by market value, about 1.2 times the size of Azad Engineering Limited.
- On trailing earnings, Azad Engineering Limited trades at the lower P/E (126.9 against 162.0).
- Mtar Technologies Limited earns the higher return on equity (16.3% against 9.1%).
- Over three years Azad Engineering Limited has grown profits faster (150% a year against -2%).
- Over the past year the share prices returned +275.1% (MTARTECH) and +65.5% (AZAD).
| Metric | Mtar Technologies MTARTECH |
Azad Engineering AZAD |
|---|---|---|
| Size and price | ||
| Market cap | ₹21,699 Cr | ₹17,702 Cr |
| Share price | ₹7,054.50 | ₹2,741.00 |
| Valuation | ||
| P/E | 161.96 | 126.91 |
| P/B | 26.37 | 11.58 |
| EV/EBITDA | 96.97 | 75.69 |
| PEG | — | 0.85 |
| Dividend yield | 0.0% | 0.0% |
| Profitability | ||
| ROE | 16.3% | 9.1% |
| ROCE | 15.0% | 12.0% |
| Operating margin | 21.1% | 37.6% |
| Sales (TTM) | ₹1,080 Cr | ₹639 Cr |
| Net profit (TTM) | ₹134 Cr | ₹139 Cr |
| Growth | ||
| Latest quarter sales YoY | +130.4% | +25.9% |
| Latest quarter profit YoY | +364.5% | +19.5% |
| Sales CAGR 3Y | +15.0% | +34.0% |
| Profit CAGR 3Y | -2.0% | +150.0% |
| Sales CAGR 5Y | +29.0% | +37.0% |
| Profit CAGR 5Y | +16.0% | +63.0% |
| Financial strength | ||
| Debt/Equity | 0.46 | 0.31 |
| Interest cover | 4.64 | 5.55 |
| Ownership | ||
| Promoter holding | 29.2% | 55.8% |
| Promoter change (4 qtrs) | -2.42 pp | +0.42 pp |
| Price performance | ||
| Return 1M | +3.86% | +6.17% |
| Return 3M | +16.68% | +17.65% |
| Return 1Y | +275.10% | +65.50% |
| Return YTD | +191.91% | +65.84% |
| Technical condition | ||
| Technical score | 54 | 46 |
| RS rating (1-99) | 98.00 | 91.00 |
| % vs 200-DMA | +26.20% | +30.01% |
| RSI (14) | 41.78 | 44.92 |
| % from 52-week high | -19.04% | -12.37% |
