MTAR Technologies Secures Rs 90 Crore Annual Deal, Boosting Long-Term Growth
The Hyderabad-based defence and space engineering firm inks a decade-long agreement with Weatherford, aiming for consistent revenue from FY27 onward.
MTAR Technologies Signs Decade-Long Strategic Agreement with Weatherford for Critical Component Supply
MTAR Technologies Limited, a prominent player in India’s high-precision engineering sector, has entered into a substantial multi-year agreement with Weatherford Products GMBH. The agreement, set for ten years, focuses on the manufacturing and supply of Whipstock assemblies along with several mission-critical components. Beginning in FY27, this deal is projected to bring in Rs 90 crore annually. Prior to the full-scale rollout, MTAR anticipates fulfilling orders valued at ₹10 crore in the fiscal year 2026.
To support the demands of this contract, MTAR is setting up a new production facility at Adibatla, which is on track to begin operations by June 2026.
Expansion Plans Aligned with Strategic Vision
Parvat Srinivas Reddy, Managing Director and Promoter of MTAR Technologies, highlighted that this partnership not only solidifies the firm’s foundational capabilities but also reflects its commitment to expanding its customer network and broadening its range of solutions.
He further revealed that the company is currently in talks with other global players for additional long-term contracts across a variety of high-tech sectors. These efforts are expected to contribute significantly to the company’s sustained expansion over the coming years.
Company Profile: Engineering Excellence Since 1970
Established in 1970, MTAR Technologies has carved out a niche in high-precision engineering, serving critical sectors such as defence, aerospace, nuclear, and clean energy. Headquartered in Hyderabad, the company has long been a trusted partner to the Indian government in developing advanced mechanical and engineering components.
Over the decades, MTAR has consistently expanded its technical capabilities while maintaining quality standards aligned with global benchmarks. As of March 31, 2025, the company commands an order book valued at Rs 979.4 crore and boasts a market capitalisation exceeding Rs 5,100 crore.
Consistent Performance with Strong Financial Indicators
Over the past decade, MTAR has demonstrated consistent upward momentum, recording a median sales growth of 16.4%. For FY26, the firm envisions a 25% jump in revenue, driven by its proactive diversification, robust alliances, and strategic investment plans aimed at future scalability.
One of the key pillars of MTAR’s financial strategy is risk mitigation through a diversified customer portfolio. In recent years, the company has inked long-duration contracts with global aviation majors, ensuring consistent cash flows and reduced dependency on a limited set of clients.
Margin Optimisation and Stock Market Gains
In addition to revenue growth, MTAR is also focused on improving its profitability. Through streamlined operations and prudent cost management, the company aims to enhance its EBITDA margins, which will further strengthen its financial position.
Investor sentiment around the company remains strong. MTAR’s share price has climbed 45 percent above its 52-week low of ₹1,152, signaling strong investor faith in the company’s future trajectory and recent strategic initiatives.
Infrastructure Expansion to Meet Growing Demand
The upcoming manufacturing facility in Adibatla is a key part of MTAR’s roadmap to scale production and meet increasing demand. The new plant is expected to play a pivotal role in fulfilling the Weatherford contract as well as upcoming orders from new and existing clients.
This infrastructure expansion is not only crucial for operational efficiency but also aligns with the company’s long-term objective to position itself as a global leader in precision manufacturing.
Final Thoughts
The newly signed contract between MTAR Technologies and Weatherford Products GMBH represents a significant leap forward in the company’s ongoing trajectory of expansion. With the potential to generate Rs 90 crore annually starting FY27 and a supportive new facility in the pipeline, this contract enhances revenue visibility and strengthens MTAR’s foothold in the global precision engineering market.
The company’s proactive diversification strategy, strong financial outlook, and operational scalability reflect a well-rounded approach to sustainable growth. As MTAR continues to sign strategic long-term deals and invest in infrastructure, it is poised to become an even more formidable player across defence, aerospace, and energy sectors in the coming years.
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