MTAR Technologies' 55% of Revenue Comes From Bloom Energy: Can the Company Reduce Its Biggest Revenue Dependency?
India, Oct. 4 -- MTAR Technologies has been expanding beyond its long-standing relationship with Bloom Energy, but customer concentration remains an important part of its business profile. Recent market reporting has put Bloom's contribution at more than 55% of MTAR's revenue, while the company continues to build new opportunities across nuclear, aerospace, defence, oil & gas, and data-centre infrastructure.
MTAR Technologies was trading around Rs7,769per share, with a market capitalization of roughly Rs23,898 crore and a P/E of around 174x. The stock's 52-week range was approximately Rs1,866-Rs8,715, with a book value of about Rs268 per share.
Bloom Remains The Largest Customer
Bloom Energy continues to account for the majority of MTA...
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