MTAR Technologies is an Indian precision-engineered systems producer which offers its products to many global companies. The major revenue stream for the company Clean Energy Segment where it produces the mission critical components such as hot boxes.
More than 40% of its revenue comes from clean energy segment and its revenue heavily relies on the American Clean Energy company, Bloom Energy.
Nuclear, space, defense segments are the other areas where the company operates.
In order to reduce its dependance on Bloom Energy, it need to get more business from the other segments. The Indian space and defense budgets are poised to increase in the coming FY’s and MTAR Tech is well positioned to benefit from these.
Coming to technical, the stock is trading well below it’s all-time highs and risk to reward will be in favor of investors.
