Heavy Buying: Aerospace and Defence Company Secures Orders Worth Rs 226 Crore from Clients Including Bloom Energy and Rafael!
In the recent quarterly updates, both the FIIs and DIIs increased their stakes in the company.
MTAR Technologies Ltd has secured orders worth Rs 226 crore across the Clean Energy and Aerospace segments. This includes Rs 191 crore in orders from Bloom Energy for various products in the Clean Energy sector and Rs 35 crore in orders from prominent Aerospace clients, including Rafael, IMI Systems, and IAI. Of these, Rs 225 crore worth of orders are expected to be executed within the next year, while the remaining will be completed by April 2026. This achievement underscores the company’s growing market presence in the Clean Energy and Aerospace sectors.
MTAR operates eight strategically located manufacturing units, including an export-oriented facility in Hyderabad, Telangana. The company serves a diverse range of industries, including Clean Energy (Civil Nuclear Power, Fuel Cells, Hydel, and others), Space, and Defence. With over four decades of strong partnerships with leading Indian and global OEMs, MTAR continues to bolster its leadership in these critical sectors.
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Share Performance
Currently, MTAR Technologies Ltd's shares are trading at around Rs 1706.75 per share on the BSE. The company's market capitalization stands at Rs 5,249.90 crore. The company’s shares have not delivered any multibagger returns across the time period; instead, they have delivered a negative return.
Financial Performance
As per the Quarterly Results in September 2024, MTAR Technologies Ltd reported revenue of Rs 190 crore compared to Rs 167 crore. The company posted an operating profit of Rs 37 crore with a margin of around 19 per cent compared to Rs 36 crore with a margin of around 22 per cent. The company reported a net profit of around Rs 19 crore compared to Rs 21 crore, representing a de-growth.
In the recent quarterly updates, the FIIs and DIIs increased their stakes in the company.
Disclaimer: The article is for informational purposes only and not investment advice.