Mtandt Rentals Limited
Mtandt Rentals Limited
INE0BC201010
Incorporation Date: 19-Oct-2009
Listing Status: DRHP Not Filed
About Mtandt Rentals Limited
Overview of Mtandt Rentals Limited
Company Overview
MTandt group was formed in 1974 with the purpose of providing safety and convenience to people who build, repair & maintain facilities and infrastructure. Over the years, it has diversified across manufacturing, sales, rentals, training, and comprehensive solutions across a wide range of sectors. While the company has a global presence, its primary focus remains on the SAARC region.
The company operates across three key segments:
- Aerial Work Platform (AWP) (~80% of revenue)
- Ground Protection Access Mats (~17%)
- Other products & services (~3%)
Under the AWP segment, the company both sells and rents equipment. Under access mats, it primarily rents the mats across various projects.
Product Portfolio & Offerings
Aerial Work Platforms (AWP)
These platforms help in elevating workspaces to enable safe and efficient operations at heights.
Vertical Equipment
Used to access difficult or confined heights, especially for maintenance and repair work.
Material Handling Equipment
Designed to enable safe and efficient movement of materials and goods across industrial and project sites.
Key applications include:
- Wind & energy projects
- Pipeline laying
- Tower installation
- Mining & petrochemical industries
- Disaster management
- Construction
Service, Training & Certifications
Through its subsidiary CESL, the company provides training programs aimed at improving equipment usage efficiency and enhancing workforce safety at project sites.
Operational Strengths
- Tailored customer solutions catering to projects of varying scale and complexity
- 24×7 customer support ensuring high service reliability
- Certified and skilled operators enabling high uptime and efficient execution
- Strong logistics capability with PAN-India equipment deployment
- In-house maintenance expertise supported by telematics and remote monitoring systems
- Integrated business model spanning equipment sales, rentals, services, resale, and training
The company positions itself as a full-service provider in the Aerial Work Platform (AWP) segment, offering end-to-end solutions.
Scale & Reach
- Fleet of 885 AWP machines and 3,247 access mats
- Presence across India with multiple offices and equipment yards
- Workforce of 800+ employees, including ~580 trained and certified operators
Industries served include:
- Construction & infrastructure
- Airports, ports & shipyards
- Power & transmission
- Railways & metro
- Mining & defence
- Manufacturing and commercial establishments
Clientele
Insights of Mtandt Rentals Limited
Financial Snapshot (₹ Cr)
| Metric | FY25 | FY24 | Growth (%) |
|---|---|---|---|
| Revenue | 221.93 | 162.77 | 36.4% |
| EBITDA | 86.38 | 52.52 | 64.5% |
| PAT | 30.44 | 13.80 | 120.6% |
Industry Overview
MTandt operates in the equipment rental and access solutions industry, particularly within the Aerial Work Platform (AWP) and infrastructure support equipment segment, which is closely linked to infrastructure and industrial capex cycles.
- Low penetration with strong growth potential: The equipment rental market in India remains underpenetrated compared to global markets, providing significant headroom for long-term growth.
- Shift towards rental model: Businesses are increasingly moving away from owning equipment and opting for rentals to improve capital efficiency, reduce maintenance burden, and access advanced technology.
- Infrastructure-led demand: Government spending on roads, metros, airports, railways, and renewable energy projects continues to be a key demand driver for access equipment.
- Private capex revival: Growth in manufacturing, supported by China+1 strategy and Make in India initiatives, is contributing to rising demand for specialized equipment.
- Increasing focus on safety and compliance: Stricter safety norms and project complexity are driving the adoption of Aerial Work Platforms and access solutions across industries.
- Fragmented industry structure: The market comprises a mix of organized players and smaller regional operators, with no dominant nationwide leader.
- Shift towards organized players: Companies with strong fleets, trained manpower, integrated services, and nationwide logistics capabilities are gradually gaining market share.
Overall, the industry is transitioning towards a service-oriented model, where players offering end-to-end solutions are better positioned to benefit from long-term structural growt
Last Funding Round
MTandt Rentals undertook its latest fundraise via a private placement approved on 17th March 2026, with both board and shareholder approvals received on the same date.
The company raised approximately ₹100 crore, primarily through the issuance of Series B1 Compulsorily Convertible Preference Shares (CCPS) at an issue price of ₹459 per share (including a premium of ₹449 on face value of ₹10).
In addition, the company also issued a small number of equity shares (10 shares) at the same price of ₹459 per share (including ₹449 premium on ₹10 face value), indicating parity in pricing across instruments, though the round remains overwhelmingly CCPS-led.
The round saw participation from ValueQuest Scale Fund II and investors associated with Tidecrest Partners, reflecting continued institutional confidence in the company.
Financial Charts of Mtandt Rentals Limited
Balance Sheet of Mtandt Rentals Limited
Profit and Loss of Mtandt Rentals Limited
Ancillary of Mtandt Rentals Limited
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Mtandt Rentals Limited
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How to buy Mtandt Rentals Limited?
Below are three ways through which you can purchase Mtandt Rentals Limited:
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How to sell Mtandt Rentals Limited?
Below are three ways through which you can sell Mtandt Rentals Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Mtandt Rentals Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Mtandt Rentals Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Mtandt Rentals Limited is ₹N/A and your sell price for Mtandt Rentals Limited is ₹N/A. The price is based on our estimates and market conditions.
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What is the lock-in period of Mtandt Rentals Limited?
The lock-in period for Mtandt Rentals Limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Mtandt Rentals Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Mtandt Rentals Limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Mtandt Rentals Limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Mtandt Rentals Limited. The price is also determined from the most recent funding round for Mtandt Rentals Limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Mtandt Rentals Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Mtandt Rentals Limited with us kindly click here.
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What are the financials of Mtandt Rentals Limited?
The financials of Mtandt Rentals Limited which includes the P/L of Mtandt Rentals Limited and the Balance Sheet of Mtandt Rentals Limited is in the financials section (Click on link).
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Where can I find the annual report of Mtandt Rentals Limited?
The annual report of Mtandt Rentals Limited is available in the annual report section (Click on link).
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Is buying Mtandt Rentals Limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Mtandt Rentals Limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Mtandt Rentals Limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Mtandt Rentals Limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Mtandt Rentals Limited?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Mtandt Rentals Limited from its platform?
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With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
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