It has been a bumper listing for MTAR Technologies and the stock nearly doubled on debut. Speaking to CNBC-TV18, Srinivas Reddy, MD & Promoter of the company said that there are a lot of opportunities in all the segments and expects robust growth in the next couple of years.

“We have been growing at a rate of 16% CAGR, but we would be growing at a much higher number over the next 2 years. We have great opportunities in all the segments. If you look at nuclear, we have the new reactors where tenders have been floated and the company has started receiving orders. In space, the launches have commenced and we are expecting 32 launches happening over the next 2 years. Our R&D has worked on various products which we are going to roll out in the next year or two to increase our wallet share in both nuclear and space programme apart from what we do. So, we are looking at a very robust growth going forward in the next couple of years,” he said.

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He also said that though orders were delayed in Q3 due to the pandemic, Q4 is expected to see a lot of orders coming in.

“We are looking at about Rs 330 crore of an order book which we have as of December. In Q4 we are expecting a lot of orders. Orders got delayed due to COVID in the first half of the year, but a lot of orders are expected during the Q4 and first quarter of FY22 from various segments. So, the order book will continue to remain strong at the rate of 1.5-1.6 times,” he said.

Watch the video for full management commentary

(Edited by : Abhishek Jha)