The shares of the anti-drone systems manufacturer hit 5 percent upper circuit of Rs 1,995.30 apiece after the company foray into the high-growth domain of the unmanned aerial vehicle (UAV) segment.
With a market capitalization of Rs 18,015.63 crore, the shares of ZEN Technologies Ltd were trading at Rs 1,995.30 per share, increasing around 5 percent as compared to the previous closing price of Rs 1,900.30 apiece.
The shares of ZEN Technologies Ltd have seen positive movement after the Board approved the acquisition of a 54.67 percent stake in TISA Aerospace Private Limited.
Additionally, the company will acquire 4,00,000 Compulsory Convertible Debentures (CCDs) of Rs 100 each at a 6 percent rate from an existing CCD holder, strengthening its strategic position in the aerospace and defence technology sector.
Additionally, the acquisition marks Zen Technologies Ltd’s strategic entry into the unmanned aerial vehicle (UAV) segment of the defence sector. This move significantly broadens Zen’s defence offerings, allowing it to provide advanced loitering munitions and a comprehensive suite of UAV solutions, enhancing its capabilities to serve the operational needs of the Indian Armed Forces.
Looking forward to the company’s financial performance, revenue increased by 130 percent from Rs 141 crore in Q4FY24 to Rs 325 crore in Q4FY25. Further, during the same time frame, net profit increased by 200 percent from Rs 38 crore to Rs 114 crore.
Operational Highlights
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.
Order Book
The company’s diversified order book totals Rs 691.94 Crores, comprising Rs 616.37 Crores in domestic orders and Rs 75.57 crore in exports. Orders include Rs 503.81 crore for training simulators and Rs 188.13 crore for anti-drone systems, indicating strong demand across both domestic and international markets.
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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