MTAR Technologies shares hit a fresh 52-week high of ₹8,449.5, rising more than 6% on Friday after securing international purchase orders worth ₹467 crore from an existing customer. According to Outlook Business, the stock has extended its strong momentum as investors reacted positively to the latest order inflow, with the company's total order book now expanded to ₹5,363 crore following the latest wins. The stock has emerged as one of the market's strongest performers, with gains of 54% over the last month, 56% in one month, 204% in six months, and over 230% so far in 2026. Since April, the market price of MTAR has more-than-doubled or zoomed 144% from a level of ₹3,469.30, while also zooming 507% from its 52-week low of ₹1,391 touched on August 29, 2025.
MTAR informed stock exchanges that the company received purchase orders valued at $48.68 million at an exchange rate of ₹96 (₹467.30 crore) from an international entity. As reported by Outlook Business, the company stated that the new orders will be executed in two phases, with around 50% of the order value expected to be completed by March 20, 2027, while the remaining portion is scheduled for execution by June 20, 2027. The contracts were awarded by an international entity and form part of its ongoing business relationship with the customer, though the company did not disclose the client's identity due to confidentiality commitments. The latest order announcement comes just days after the company secured additional international contracts worth $238.76 million, or approximately ₹2,279 crore.
According to Outlook Business, MTAR reported strong earnings growth in the March quarter with revenue increasing 67% year-on-year to ₹306 crore, while EBITDA margin expanded by 154 basis points to 20.19%. Net profit rose sharply to ₹44 crore from ₹14 crore in the corresponding period last year. The company has raised its FY27 revenue growth guidance to 80% from 50% earlier, citing strong order inflows from its clean energy business and improving operating leverage. Managing Director P Srinivas Reddy said the company expects EBITDA margins of around 24% in FY27 and anticipates its order book to touch ₹5,000 crore by the end of the year. The company's closing order book for FY26 stood at ₹2,581.9 crore, with the latest wins significantly expanding this figure.
As reported by Outlook Business, at 09:53 AM, MTAR Technologies share price was up 4.4% at ₹8,299, compared to 0.68% rise in the BSE Sensex. A combined 1.98 million equity shares changed hands at the counter on the NSE and BSE. The company is a leading manufacturer engaged in manufacturing and development of mission critical precision engineered systems catering to clean energy, civil nuclear power, fuel cells, hydel sectors, aerospace & defence. Analysts said the company continues to benefit from rising demand across clean energy, aerospace and defence businesses, while sustained order wins have further strengthened visibility around future growth.
According to Motilal Oswal Financial Services, MTAR has a strong order book of ₹2,600 crore as of March 2026, driven by a healthy pipeline across clean energy, A&D, nuclear sectors. The brokerage firm estimates a compound annual growth rate (CAGR) of 67%/86%/105% in revenue/EBITDA/adj. PAT over FY26-FY28. However, currently MTAR quotes above the brokerage firm's target price of ₹8,000, based on 60x FY28 EPS. The company's improving operational performance and stronger growth projections have supported investor sentiment despite broader volatility in equities.
