MTAR Technologies Share Price Soars 81% in 3 Months, Nears Record High on Strong FY26 Outlook

MTAR Technologies share price continued their strong rally, touching a multi-year high of ₹2,704.90 in Thursday’s intraday trade. The stock gained 4% as investors turned optimistic about a strong second half of FY26.

The share price is now close to its all-time high of ₹2,920 hit in September 2023 and is at its highest level since October 2023.

Massive Stock Rally in Recent Months

In the last 3 months, MTAR has jumped 81%, significantly outperforming the market. The stock has surged 135% from its 52-week low of ₹1,152 recorded on April 7, 2025.

Why MTAR Shares Are Rising

MTAR is a key player in India’s precision manufacturing space, supplying high-tech components to the nuclear, space, defence, hydro, wind, and clean energy sectors. Its major clients include ISRO, DRDO, Bloom Energy, GE Power, Rafael, Thales, Elbit, GKN Aerospace, and several global energy and defence companies.

Revised Revenue Guidance for FY26

The company has raised its FY26 revenue growth forecast from 25% to 30–35%, driven by strong order inflows expected to be executed within the year.

Management expects H2FY26 sales to be almost double that of the first half.

Despite a temporary margin dip in Q2FY26, MTAR expects:

• A stronger H2 performance
• Full-year EBITDA margin of ~21%, supported by better operating leverage and higher utilisation

Healthy Order Book

As of November 6, 2025:

• Order book: ₹1,776 crore
• Expected closing order book for FY26: ~₹2,800 crore

The growth is driven by strong demand in the clean energy, nuclear, and space segments.

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Clean Energy Business to Drive Growth

MTAR expects around ₹340 crore revenue from the clean energy division in H2FY26. The solid oxide fuel cell (SOFC) segment is seeing strong momentum, backed by customers planning to double manufacturing capacity to 2 GW by 2026.

Conclusion

MTAR Technologies continues to deliver strong performance, supported by rising demand from defence, space, and clean energy industries. With a sharp improvement expected in the second half of FY26 and a significantly higher order book, the stock remains in focus as it approaches its record high.

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