MTAR Technologies shares surged 336% over the past year and have advanced 163.5% so far this year, according to latest reports. The stock hit the upper circuit for the fourth consecutive session on Tuesday, opening 5% higher and reaching ₹6,312.50 per share on the NSE. The stock has been rising consistently since July 30 and gained nearly 21.4% during this period, extending a strong rally that has pushed the stock up around 336% over the past year.
The company reported exceptional Q1 FY27 results with revenue from operations jumping 130.4% year-on-year to ₹360.7 crore, as reported by Essential Business. EBITDA rose 199.7% to ₹84.9 crore, while consolidated profit after tax climbed 364.5% to ₹50.2 crore. The company posted a net profit of ₹50.2 crore for Q1 FY27, compared with ₹10.8 crore in the corresponding quarter last year. EBITDA margin expanded to 23.5% from 18.1%, pointing to stronger operating leverage as the company scaled up execution. The numbers have given investors a fresh reason to remain bullish on the company's growth outlook, particularly as its order book continues to expand.
According to Share.Market by PhonePe analyst Mayank Jain, the company secured orders worth ₹2,895.1 crore in Q1 FY27, its highest-ever single-quarter order inflow, surpassing the total order intake for FY26. This expanded the overall order book to ₹5,143.3 crore as of June 30, 2026. The order inflow included a ₹504 crore contract for the Kaiga 5 and 6 civil nuclear power project and a ₹45 crore order for data centre infrastructure solutions from global customer SLB. Higher-volume orders from international aerospace programmes involving customers such as Thales and GKN Aerospace further supported the order pipeline. The record order backlog remains a key growth driver for the company, with the new orders providing significant revenue visibility for coming periods.
MTAR Technologies has disclosed an amended purchase order worth $324.62 million, equivalent to approximately ₹3,100.09 crore at an exchange rate of ₹95.50 per dollar. The amendment increases the value of the order by $85.86 million, or around ₹819.94 crore, further strengthening the company's revenue visibility. Mayank Jain noted that investor confidence was supported by a sharp reduction in operational risk, with net working capital days declining to 59 in Q1 FY27 from 172 in Q4 FY26, supported by faster inventory and receivables turnover. This reduction has helped lower operational risk and could improve cash-flow efficiency.
As reported by Essential Business, the company's management has guided for around 80% year-on-year revenue growth in FY27 while targeting an EBITDA margin of 24%, plus or minus 100 basis points. Management also aims to strengthen its presence across nuclear power, defence and green energy sectors. With strong Q1 earnings, record quarterly order inflows, an expanding order book and improved working capital efficiency, MTAR Technologies has emerged as one of the stronger performers in the precision engineering space this year. However, after the stock's sharp rise, investors will also be watching whether the company's execution and earnings growth can sustain the current valuation momentum.
