MTAR Technologies Ltd
NSE:MTARTECH
MTAR Technologies Ltd
MTAR Technologies Ltd. provides precision engineering solutions. The company is headquartered in Hyderabad, Telangana. The company went IPO on 2021-03-15. The firm is engaged in the business of manufacturing of mission critical precision and heavy equipment, components and machines. The company serves various sectors, including nuclear, aerospace and defense, and clean energy sectors. The firm's product offering for the nuclear sector is fuel machining head, bridge and column, sealing plug, shielding plug, liner tubes and end fittings, drive mechanisms, top hatch cover beams and deck plate assembly and ball screws and water lubricated bearings. Its product offerings for the space and defense sectors include base shroud assembly and air frames, actuator assembly components, various missile parts, valves, electro-pneumatic modules and liquid propulsion engine. The firm offers power units to the clean energy sector. The company operates through seven manufacturing facilities, including an export-oriented unit (EOU).
MTAR Technologies Ltd. provides precision engineering solutions. The company is headquartered in Hyderabad, Telangana. The company went IPO on 2021-03-15. The firm is engaged in the business of manufacturing of mission critical precision and heavy equipment, components and machines. The company serves various sectors, including nuclear, aerospace and defense, and clean energy sectors. The firm's product offering for the nuclear sector is fuel machining head, bridge and column, sealing plug, shielding plug, liner tubes and end fittings, drive mechanisms, top hatch cover beams and deck plate assembly and ball screws and water lubricated bearings. Its product offerings for the space and defense sectors include base shroud assembly and air frames, actuator assembly components, various missile parts, valves, electro-pneumatic modules and liquid propulsion engine. The firm offers power units to the clean energy sector. The company operates through seven manufacturing facilities, including an export-oriented unit (EOU).
Record Revenue Growth: MTAR posted all-time high quarterly revenue of INR 278 crores in Q3 FY '26, up 59% year-over-year, with strong contributions across all business segments.
Margin Expansion: EBITDA for Q3 reached INR 64 crores, a 92% year-over-year increase, and the company expects further margin improvement through operating leverage and favorable product mix.
Robust Order Book: Order book at end-Q3 stood at INR 2,394 crores, with expectations to close FY '26 at INR 2,800 crores after significant order inflows led by clean energy and nuclear segments.
Clean Energy Momentum: The clean energy fuel cell segment saw INR 387 crores revenue in nine months and is expected to deliver INR 250 crores in Q4, with capacity expansion plans up to 30,000 units.
Guidance Maintained and Raised: FY '26 revenue guidance reaffirmed at over INR 900 crores (30–35% growth), with FY '27 revenue expected to grow by 50%. Margins are forecast to improve further next year.
Strong Outlook in Nuclear and Aerospace: MTAR expects ramp-up in the nuclear segment from Q1 FY '27 and rapid growth in aerospace, targeting up to INR 150–160 crores in aerospace revenue next year.
