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MT&T Rentals ₹545 ▼ 1.8% 1M
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MT&T Rentals Unlisted Shares

Industrial Equipment Rental Access equipment and work-at-height rental

MT&T Rentals, based in Tamil Nadu, rents, sells and services high-access vehicles and work-at-height equipment across India. It reported standalone revenue from operations of ₹35,869.26 lakh and profit after tax of ₹5,265.27 lakh in FY26.

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Indicative price
As of 23 Oct 2026
₹545 ▼ 1.80% in 1 month
Dealer quotes: ₹545 – ₹550 across 2 dealers
Key facts

MT&T Rentals share details

Lot size
500 shares
Min. investment
₹272,500
Face value
₹10
Implied market cap
₹974 Cr
Shares outstanding
17,874,985
Founded
2009
Headquarters
Padur, Thiruvallur, Tamil Nadu
Website
mtandt.com
ISIN
INE0BC201010
CIN
U29253TN2009PLC073258
Lock-in after IPO
6 months
Price history

MT&T Rentals share price chart

1Y change
-17.42%
High
₹660
Low
₹545

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About MT&T Rentals

MT&T Rentals Limited (written Mtandt Rentals Limited in its annual report) trades, rents and services high-access vehicles, specialised products and work-at-height solutions. It also does commercial equipment rentals and sales. Customers are mainly infrastructure, industrial and commercial businesses across India. The registered office is at Padur, Thiruvallur district, Tamil Nadu, and the company has branches or yards at Jewar, Noida, Mumbai, Ahmedabad, Bengaluru and Bhuvneshwar. The numbers below are standalone and come from the FY26 annual report. Revenue from operations was ₹35,869.26 lakh against ₹21,734.72 lakh a year earlier. Profit after tax rose 67.40% to ₹5,265.27 lakh from ₹3,094.24 lakh. Basic EPS was ₹34.50. Cash flow from operating activities was ₹5,248.29 lakh. The company says it had 1,230 employees at the end of the year. The company is run by the Modi family. Rakesh Modi is Managing Director, and Gopal Modi and Sangeeta Modi are directors. Atosh R. Surana is Chief Financial Officer and Lokesh Kumar is Company Secretary. During FY26 it raised about ₹120 crore through private placement of preference shares and equity. At 31 March 2026 it had 1,52,62,796 equity shares, 4,33,550 CCPS and 21,78,639 Series B1 CCPS outstanding. It paid no dividend. The management targets growth of over 25% a year for the next decade, which is a company target and not a forecast by IPO Guru. It had one subsidiary, Vertikal Rentals Private Limited, at year end. After a fresh share allotment on 2 April 2026 the stake fell from 75% to 26%, so Vertikal became an associate company. The company has not filed a DRHP that we have linked to this page, so there is no IPO date or price band to report. Unlisted shares of a company like this are dealt off-market between buyers and sellers, and the price on this page (₹545 for a lot of 500 shares) is an indicative price, not an exchange price. IPO Guru is not a SEBI-registered research analyst and this page is information only.

Strengths

  • Revenue from operations grew from ₹21,734.72 lakh in FY25 to ₹35,869.26 lakh in FY26 on a standalone basis.
  • Standalone profit after tax rose 67.40% to ₹5,265.27 lakh in FY26 from ₹3,094.24 lakh.
  • Cash flow from operating activities was ₹5,248.29 lakh in FY26, against ₹1,975.89 lakh in FY25.
  • Net worth (shareholders' fund) more than doubled to ₹32,522.80 lakh from ₹15,607.26 lakh after the capital raised in FY26.
  • The company holds ₹4,544.72 lakh in cash and bank balances and ₹2,500.00 lakh in current investments at 31 March 2026.
  • It has a national network with branches or yards in six cities and a workforce of 1,230 people.

Risks

  • Trade receivables rose to ₹18,567.60 lakh from ₹9,103.20 lakh, so a large part of the growth is yet to turn into cash.
  • Borrowings are heavy: long-term borrowings were ₹17,636.08 lakh and short-term borrowings ₹14,262.32 lakh at 31 March 2026.
  • Finance costs were ₹2,439.05 lakh in FY26 and depreciation was ₹6,105.08 lakh, which weigh on profit in a fleet-heavy business.
  • Other income of ₹2,439.60 lakh made up a notable part of total income of ₹38,308.86 lakh.
  • The company reports many dealings with related parties, including firms linked to the promoter family, and it gave a loan of ₹142.50 lakh to Vertikal Rentals, which is no longer a subsidiary.
  • Cash used in investing activities was ₹24,179.11 lakh in FY26, funded by new borrowings and capital, so the business depends on continued access to funding.
  • The board changed after year end: a nominee director and both women independent directors resigned and a new independent director was appointed.
  • Unlisted shares are not traded on an exchange, so prices are indicative and it may be hard to find a buyer.
Financials

MT&T Rentals financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25
Revenue (₹ Cr) 359 217
PAT (₹ Cr) 52.65 30.94
PAT Margin (%) 14.68 14.24
RoNW (%) 16.19 19.82
EPS (₹) 34.50 23.29
Total Assets (₹ Cr) 800 443
Net Worth (₹ Cr) 325 156

Swipe the table sideways for earlier years →

Leadership

Management team

Rakesh Modi
Managing Director
Managing Director and Key Managerial Personnel of the company.
Gopal Modi
Director
Director since 2013, holds 23,01,966 equity shares.
Sangeeta Modi
Director
Director of the company.
Atosh R. Surana
Chief Financial Officer
Key Managerial Personnel.
Lokesh Kumar
Company Secretary
Key Managerial Personnel.
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Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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