Mtandt Rentals Limited
- Unlisted share
- Infrastructure & Services
- ISIN INE0BC201010
At a glance
Sales
FY24
₹162 Cr
+71.0%on FY23What the company earned from its customers in the year.
Profit
FY25
₹30.44 Cr
+121%on FY24What was left after every cost and tax was paid.
Market valuecalculated
₹824 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY24
₹63.08 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Mtandt Rentals Limited
- ISIN
- INE0BC201010
- Sector
- Infrastructure & Services
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹539.55
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Mtandt Rentals Limited
Mtandt Rentals rents out and sells aerial work platforms, access equipment and temporary road mats for work at height, with a registered office near Chennai and branches in Noida, Jewar, Mumbai, Ahmedabad and Bengaluru. It is part of the Mtandt Group led by Rakesh Modi, who is its managing director, and it has a tower-crane rental subsidiary, Vertikal Rentals Private Limited.
Written from: mtandt.com, mtandt.com
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Infrastructure & Services
- ISIN
- INE0BC201010
- Registered office
- Padur, Thiruvallur district, Tamil Nadu
- Promoter group
- Part of the Mtandt Group; Rakesh Modi is chairman of the group
- Company press release, 18 September 2024
- Key people
- Managing Director: Rakesh Modi; Chief Financial Officer: Atosh R Surana; Company Secretary: Lokesh Kumar
- Face value
- ₹10
- Shares outstanding
- 1,52,62,786 shares
- CIN
- U29253TN2009PLC073258
- Website
- mtandt.com
Read from: Mtandt Rentals annual report 2024-25 (board's report), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
23.7×
At this price you pay ₹23.7 for every ₹1 of profit the company made in the year.
- Indicative price
- ₹539.55
- Market valuecalculated
- ₹824 Cr
- price × shares
- No. of shares
- 1,52,62,786
- EPS
- ₹22.79
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2024-25. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Mtandt Rentals Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY22 to FY24: ₹66.94 Cr to ₹162 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY24 to FY25: ₹13.8 Cr to ₹30.44 Cr.
| Particulars | FY22 | FY23 | FY24 | FY25Latest |
|---|---|---|---|---|
| Turnover as declared in the annual return (Form MGT-7) | 66.94 | 94.96 | 162.42 | n/a |
| Total income | n/a | n/a | 167.07 | 231.87▲39% |
| Net profit before tax | n/a | n/a | 17.99 | 40.55▲125% |
| Net profit after tax (after minority interest) | n/a | n/a | 13.8 | 30.44▲121% |
| Basic and diluted earnings per share (₹) | n/a | n/a | 10.62 | 22.79▲115% |
Rupees crore unless marked, consolidated, standalone. The change shown is the latest year against the year before. Read from: Mtandt Rentals annual report 2024-25 (board's report), Mtandt Rentals annual return (Form MGT-7) for 2021-22, Mtandt Rentals annual return (Form MGT-7) for 2022-23, Mtandt Rentals annual return (Form MGT-7) for 2023-24.
Ownership
Shareholding pattern
Who owns the company
70.0%Public / other than promoters (individuals, 5 holders)
- Largest holder
- 70.0%
- Top 2 together
- 100.0%
- Holders named
- 2
- Public / other than promoters (individuals, 5 holders)70.00%
- Promoters (individuals, 2 holders)30.00%
- Total100.00%
Read from: Mtandt Rentals annual return (Form MGT-7) for 2023-24
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 17 Feb 20255,02,187 shares of ₹10 allotted at a premium of ₹228 each; together with the December 2024 allotment this raised about ₹62 crore. | Private placement | Equity shares | ₹238 | Not stated |
| 24 Dec 202421,05,043 shares of ₹10 allotted at a premium of ₹228 each; together with the February 2025 allotment this raised about ₹62 crore. | Private placement | Equity shares | ₹238 | Not stated |
Read from: Mtandt Rentals annual report 2024-25 (board's report)
Leadership
Management
Rakesh Modi
Managing Director
Atosh R Surana
Chief Financial Officer
Gopal Modi
Director
Sangeeta Modi
Director
Kavita Goyal
Independent Director
Kanak Goyal
Independent Director
Lokesh Kumar
Company Secretary
Read from: Mtandt Rentals annual report 2024-25 (board's report)
Corporate calendar
Events
- 29 Sept 2025AGM16th annual general meeting, including a change of statutory auditor and appointment of an independent directorOpen
- 20 Mar 2025Joint ventureIronlink Rail Alliance Private Limited incorporated, with Mtandt Rentals subscribing to 50% of its share capitalOpen
- 17 Feb 2025Share allotmentSecond private placement tranche of 5,02,187 equity sharesOpen
- 24 Dec 2024Share allotmentFirst private placement tranche of 21,05,043 equity sharesOpen
- 30 Sept 2024AGMAnnual general meeting for 2023-24 heldOpen
- 18 Sept 2024Company announcementCompany announced that strategic investors would put in ₹1.5 billion for a 20% post-money stakeOpen
- 30 Sept 2023AGMAnnual general meeting for 2022-23 heldOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Mtandt Rentals Limited on WhatsAppIs the price shown for Mtandt Rentals Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Mtandt Rentals Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Mtandt Rentals Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
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GrowFast is not affiliated with, sponsored by or endorsed by Mtandt Rentals Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.