India’s Aerospace & Defence sector has surged, with defence production reaching a record Rs 1.27 lakh crore in FY 2023-24-a 174 percent rise since 2014-15 and defense exports hitting Rs 23,622 crore in 2025. The aerospace industry is projected to reach $70 billion by 2030, fueled by robust policies, innovation, and global partnerships.
Price Movement
With a market capitalization of Rs 12,809.04 crore, on Wednesday, the shares of ZEN Technologies Ltd closed at Rs 1,418.65 per share, decreased around 3.54 percent as compared to the previous closing price.
Matter Explanation
ZEN Technologies Ltd aims to build a total order book of Rs 6,000 crore between FY26 and FY28, targeting a 50 percent compound annual growth rate (CAGR). The company is also maintaining its previous guidance of securing Rs 800 crore in orders during the first half of FY26, reflecting strong confidence in its growth trajectory and order pipeline.
Zen is increasing its R&D spending to Rs 50–60 crore annually but continues to maintain strong financial guidance, targeting an EBITDA margin of 35 percent and a PAT margin of 25 percent
Zen aims to align the margins of its acquired naval simulation business with core operations by FY28, leveraging global demand. A key growth driver is its integrated air defence combat simulator for the L70 gun, backed by a Rs 150 crore order. With 40–50 countries using the L70 system, the product offers significant export potential and strong global demand.
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Financial Growth
Looking forward to the company’s financial performance, revenue magnified by 52 percent from Rs 100 crore in Q3FY24 to Rs 152 crore in Q3FY25, Further, during the same time frame, net profit zoomed by 43 percent from Rs 30 crore to Rs 43 crore.
Order Book
Zen’s diversified order book stands at Rs 816.91 crore, comprising Rs 395.75 crore in training simulators and Rs 421.16 crore in anti-drone systems. Domestic orders total Rs 492.50 crore, while exports contribute Rs 324.41 crore, reflecting strong global demand, particularly in anti-drone technology.
Indian’s defence export
India’s defence exports have seen robust growth, rising from Rs 8,434.83 crore in 2021 to Rs 21,083.35 crore in 2024. The estimated figure for 2025 is Rs 23,622 crore, reflecting strong momentum driven by government initiatives, indigenisation, and increasing global demand for Indian defence equipment.
Company Profile
Zen Technologies Limited is an India-based company that designs, develops, and manufactures defense training systems, based on sensors and simulators technology. The Company’s category of products includes land-based military training simulators, driving simulators, live range equipment, and anti-drone systems.
Written by Abhishek Singh
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