MTAR Shares: What Does Bloom Energy’s Expansion Mean for the company?

Synopsis: Small-Cap company shares jumped 10% after a Reuters report of a major Bloom Energy–Oracle Corporation 2.8 GW fuel cell deal, boosting sentiment as MTAR earns most revenue from Bloom and benefits from clean-energy demand.

The shares of the Small-Cap company, specialising in high-precision engineering and manufacturing of mission-critical components, assemblies, and sub-systems for highly regulated industries, are in the spotlight after Reuters reported that Bloom Energy will supply up to 2.8 GW of fuel cells to Oracle under an expanded agreement.

With a market capitalization of Rs. 14,752.30 Crores on the day’s trade, the shares of MTAR Technologies Ltd jumped upto 10.1 percent after making a high of Rs. 4848.00 compared to its previous closing price of Rs. 4400.20.

What Happened

MTAR Technologies Ltd, engaged in high-precision engineering and manufacturing of mission-critical components, assemblies, and sub-systems for highly regulated industries are in focus on April 15 after a Reuters report said that Bloom Energy will supply up to 2.8 GW of fuel cells to Oracle Corporation under an expanded agreement. The development has drawn investor attention due to MTAR’s strong linkage with Bloom Energy’s supply chain.

It is a critical strategic supplier for Bloom Energy, with about 55%–65% of its revenue coming from the US-based clean energy company. It plays a key role in supporting Bloom’s solid oxide fuel cell and electrolyser programmes and is also reported to be the sole supplier for certain electrolyser units.

The Reuters report also highlighted that under the expanded Bloom-Oracle deal, an initial 1.2 GW capacity has already been contracted and deployment is underway, with further rollout expected over the next year. The deal reflects rising global demand for cleaner energy solutions, especially driven by increasing AI-related power consumption.

Separately, MTAR management has indicated strong growth expectations, stating it remains on track for around 50% revenue growth guidance for FY27 and expects an order book of about Rs. 2,800 crore by FY26 end. The company also continues to play a significant role in India’s nuclear sector, contributing heavily to prototype fast breeder reactor programmes.

What does it mean for MTAR shares?

The news is positive for MTAR Technologies shares because it signals a big expansion in Bloom Energy’s fuel cell orders, and MTAR earns a large share of its revenue (about 55%–65%) from Bloom Energy, so higher demand could mean more orders and stronger future growth.

Financials & Others

The company’s revenue rose by 59 percent from Rs. 174 crores in December 2024 to Rs. 278 crores in December 2025. Meanwhile, Net profit rose from Rs. 16 crores to Rs. 35 crores in the same period.

It shows a ROCE of 10.5% and ROE of 7.51%, indicating moderate efficiency in generating returns from its capital and shareholders’ equity. Its debt-to-equity ratio of 0.25 suggests a low reliance on debt and a relatively conservative balance sheet. Over the last 10 years, the company has delivered a median sales growth of 16.9%, reflecting steady and consistent long-term revenue expansion.

As of 31st Dec 2025, the company has a diversified order book of Rs. 2,394.9 crore, with strong exposure to clean energy and emerging sectors. The composition includes Clean Energy – Fuel Cell, Hydel & Others (49.3%) and Civil Nuclear Power (27.2%), showing a major focus on green and nuclear energy opportunities.

Additionally, Aerospace & Defence contributes 13.6% while Products & Others account for 9.9% of the order book, indicating diversification beyond energy. In the latest quarter, the company received Rs. 1,368.8 crore in new orders across clean energy segments, including nuclear power, fuel cells, and hydel projects, reflecting healthy ongoing business momentum.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post MTAR Shares: What Does Bloom Energy’s Expansion Mean for the company? appeared first on Trade Brains.