$MTL Millat Tractors Limited (MTL): Corporate Briefing Key Takeaways – By Topline Research
$MTL
Millat Tractors Limited
Rs. 287.58
+0.86%
- Millat Tractors (MTL) conducted its corporate briefing session today, where the management discussed the financial performance and the outlook of the company.
- Management believes Belarus tractors will be a new addition that will bring healthy competition. This is not their first entry into the market, as they have entered several times before. MTL, however, has a strong market position and does not expect any negative impact.
- We maintain our SELL call on MTL as company trades at FY26E/27F PE of 18.1x/12.5x.