Shares of MTAR Technologies Ltd have hit a record high following the company's latest international order win, with the stock rallying 144% since April amid strong FY27 growth outlook. According to latest market reports, the stock has demonstrated exceptional momentum, gaining more than 6% on Friday, May 22, after securing international purchase orders worth about ₹467 crore ($48.68 million) from an existing customer. The Telangana-based company's shares are now trading at record levels, reflecting sustained investor confidence in the company's robust order book growth and improved financial performance.
The latest orders are scheduled to be executed in two phases, with 50% of the value to be completed by March 20, 2027, and the remaining 50% by June 20, 2027. The contracts have been awarded by an international entity and are part of regular business with the customer, whose identity has not been disclosed due to confidentiality obligations. This latest win adds to the company's substantial order book expansion, demonstrating consistent demand for MTAR Technologies' precision engineering capabilities in the international market.
Following the latest win, MTAR Technologies' order book has expanded to about ₹5,363 crore. As reported by CNBC TV18, the company's order book stood at ₹2,581.9 crore at the end of FY26. The Telangana-based company also won orders worth $238.76 million, or nearly ₹2,279 crore, last week from an international customer, contributing significantly to this substantial order book growth. In the March quarter (Q4FY26), the company reported a 67% year-on-year rise in revenue to ₹306 crore, with EBITDA margin expansion of 154 basis points to 20.19% and net profit of ₹44 crore, up from ₹14 crore in the corresponding quarter last year.
Last week, MTAR Technologies raised its FY27 revenue growth guidance to 80% from 50% earlier, led by strong order inflows from the clean energy segment and improving operating leverage. According to CNBC TV18, Managing Director P Srinivas Reddy expects EBITDA margins to be around 24% in FY27, with the order book touching ₹5,000 crore by the end of the year. The company's strong FY27 growth outlook, combined with the substantial order book and margin expansion, has contributed to the stock's impressive 144% rally since April, significantly outperforming broader market indices.
