Rs 979.4 Crore Order Book: Defence & Space Company Bags Rs 90 Crore Annual Contract with Weatherford
The stock is up by 45 per cent from its 52-week low of Rs 1,152 per share.
MTAR Technologies Limited has announced a ten-year long-term contract with Weatherford Products GMBH for the execution of Whipstock assemblies and other critical products. This agreement is expected to generate orders worth approximately Rs 90 Crores annually, starting from the financial year 2027. The company anticipates executing orders worth around Rs 10 Crores in the financial year 2026. To facilitate the execution of these orders, MTAR Technologies plans to utilise a new facility in Adibatla, which is slated to become operational by June 2026.
Parvat Srinivas Reddy, Managing Director & Promoter of MTAR Technologies Limited, stated that this contract signifies the company's dedication to expanding its product base and customer portfolio across various sectors. He also mentioned that MTAR is actively engaged in discussions with other customers for long-term agreements on various products, which are expected to accelerate the company's growth.
About the Company
MTAR Technologies Ltd is a prominent Indian engineering company specialising in the development and manufacturing of components and equipment for the defence, aerospace, nuclear and clean energy sectors. Founded in 1970, MTAR has been catering to the technical and engineering needs of the Indian government for several decades. With a strong presence in Hyderabad, the company boasts a market capitalisation of over Rs 5,100 crore and a substantial order book of Rs 979.4 crore as of March 31, 2025. MTAR has demonstrated a steady growth trajectory, with a median sales growth of 16.4 per cent over the past 10 years.
The company has projected a revenue growth of 25 per cent for the fiscal year ending in 2026. To mitigate risks, MTAR is actively diversifying its customer base and has secured long-term agreements with multinational companies in the aviation sector. Furthermore, the company is committed to enhancing its EBITDA margins through effective cost management strategies. The stock is up by 45 per cent from its 52-week low of Rs 1,152 per share.
Disclaimer: The article is for informational purposes only and not investment advice.