Defence stock jumps after receiving orders worth ₹504 Cr from civil nuclear power sector

Synopsis:
MTAR Technologies Ltd receives an order of Rs. 194 crore, which is a part of a major order of Rs. 500 crore.

The shares of this company that develops and manufactures components and equipment for the defense, aerospace, nuclear and clean energy sectors are in focus after they got an order from Megha Engineering.

With the market capitalization of Rs.7,356 crore, MTAR Technologies Ltd’s shares on Monday made a day high of Rs. 2433.15 per share, up by 2.3 percent from its previous day’s close price of Rs. 2378 per share. The shares have given a return of  134 percent over the last five years.

Significant Order

MTAR Technologies Ltd received domestic orders worth Rs. 194 crore from  Megha Engineering & Infrastructures Ltd., a new customer from the Civil Nuclear Power Sector,  for the supply of end fittings and associated components to be executed up to April 2028.

Further in the press release, the company stated that the orders received are part of Rs. 504 crore of confirmed orders from Kaiga 5 & 6 reactors. The firm expects to receive balance orders soon.  “With a robust order inflow backed by strong industry tailwinds, Civil Nuclear Power sector is set to witness significant growth over the coming years,” said Parvat Srinivas Reddy, MD of MTAR

This order will add to the company’s order book of Rs.1296.6 crore as of September 30, 2025. Over half our current orders (55.5%) are in Clean Energy (Fuel Cell, Hydel, & Others), followed by Aerospace & Defence (25.2%), Civil Nuclear Power (11.6%), and Products & Others (7.7%).

About the company

MTAR Technologies Ltd incorporated in 1970 by the promoters, to cater to the technical and engineering needs of the Indian government in the post embargo regime. The firm develops and manufactures components and equipment for the defense, aerospace, nuclear and clean energy sectors.

In addition, the company also supplies specialised products such as Ball Screws, Water Lubricated Bearings, Roller Screws, Electro-Mechanical Actuation Systems, ASP assemblies etc. that find applications across diverse sectors.

Financial Highlights, Revenue declined by 29 percent to Rs.136 crore in Q2 FY26 from Rs. 190 crore in Q2 FY25. EBDIT fell by 54 percent to Rs. 17 crore in Q2 FY 26 from Rs. 36.6 crore in Q2 FY25. Accompanied by decline of 76 percent YoY in both Net profit to Rs.4.59 crore in Q2 FY26 and EPS decline to Rs. 1.49 per share in Q2 FY26.

Written by Gourav Pratap Singh

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