Shares of MTAR Technologies surged as much as 6.48% to ₹7,201.50 on the NSE by 12.36 pm on Thursday, touching a fresh 52-week high of ₹7,418 intraday. According to reports from The Hindu BusinessLine, the stock has delivered a staggering 373.72% return over the past year and is up over 200% year-to-date, vastly outperforming the broader NIFTY Total Market index which is down 6.12% in the same period. Trading volumes were elevated, with over 23.83 lakh shares changing hands worth ₹1,727 crore by midday, while the buy-to-sell ratio stood at 69:31, indicating strong bullish sentiment.
The Hyderabad-based precision engineering company disclosed on Thursday morning that it had received blanket purchase orders worth $238.76 million — approximately ₹2,278.96 crore at ₹95.50 to the dollar — from an undisclosed international customer, described as a continuation of regular business. As reported by The Hindu BusinessLine, on Wednesday, MTAR reported its Q4 FY26 financial results, which showed revenue from operations jumping 67.2% year-on-year to ₹306.1 crore. Net profit for the quarter surged 222.3% to ₹44.3 crore. For the full year FY26, revenue rose 29.6% to ₹876.2 crore, while PAT grew 76.2% to ₹94 crore. EBITDA margins improved to 19.5% for the full year from 17.9% in FY25.
The company also reported its highest-ever annual order inflows of ₹2,453.3 crore in FY26, with a diversified order book of ₹2,581.9 crore as of March 31, 2026. According to The Hindu BusinessLine, clean energy — primarily fuel cells — accounts for over 51% of the order book. MTAR is also expanding capacity and setting up a greenfield Oil & Gas facility expected to be commissioned by September 2026. The company's total market capitalisation stood at approximately ₹22,538 crore.
The stock is currently listed on the NIFTY India Defence index and carries a symbol P/E of 221.25, reflecting high growth expectations priced in by the market. As reported by The Hindu BusinessLine, the company's strong performance across both operational metrics and order book growth has positioned it well in the precision engineering sector, with the significant order inflows and diversified portfolio supporting continued growth momentum.
