MTAR Technologies said it has secured orders worth $238.76 million, or nearly ₹2,279 crore, from an international customer, though further details were not disclosed.
Following the latest win, the company’s order book has expanded to ₹4,896 crore, including ₹36 crore worth of fresh orders received in Q1FY27. At the end of FY26, MTAR’s order book stood at ₹2,581.9 crore.
The latest inflow has nearly doubled the company’s order book and brings it close to its FY27 target of ₹5,000 crore.
During its Q4FY26 earnings call, MTAR Technologies raised its FY27 revenue growth guidance to 80% from 50% earlier.
The company also guided for FY27 EBITDA margins of 24%, compared to 19.5% reported in FY26.
Brokerage firm Motilal Oswal Financial Services maintained a ‘Buy’ rating on the stock with a price target of ₹8,000.
The brokerage increased its FY27 and FY28 earnings estimates by 5% and 11%, respectively, citing strong revenue visibility and improving profitability.
Motilal Oswal expects MTAR Technologies to deliver a CAGR of 67% in revenue, 86% in EBITDA and 105% in adjusted profit after tax between FY26 and FY28.
The stock has rallied sharply in recent months, gaining 50% over the last one month and nearly 4.8 times over the past year. MTAR Technologies currently trades at 92 times estimated FY27 earnings.
