With a market capitalization of Rs 3,630 crores, the shares of the world’s leading provider of defence training solutions rose 4.5 percent on Friday.
Zen Technologies Limited shares were trading at Rs 429.90 on the NSE at 12:25 p.m., up 2.45 percent, after the company received an order of Rs 160 crore from the Indian government.
According to regulatory filings, the company reported a significant order from the Indian government for around Rs 160 crores. The order is part of the government’s Indigenous Design and Development (IDDM) strategy, stipulating for Indian intellectual property and at least sixty percent indigenous content.
The company’s share has delivered multibagger returns of 147.35 percent in a year and 120.63 percent in six months. If a shareholder had invested Rs 1 lakh in the company that would be worth Rs 2.47 lakhs in a year and Rs 2.20 lakhs in six months.
Zen Technologies Limited specialises in the manufacture of cutting-edge land-based military training simulators, driving simulators, live range equipment, and anti-drone systems.
According to the company’s financials, Operating revenue increased by 251 percent to Rs 95 crore in Q4FY23 compared to the same quarter the previous year, Similarly, net profit climbed by 360 percent to Rs 23 crore.
Year on year, revenue climbed by 216 percent, from Rs 69 crore in FY 21-22 to Rs 218 crore in FY 22-23. During the same time period, net profit increased by 2350 percent, from Rs 2 crore to Rs 49 crore.
Profitability ratios grew significantly in FY 22-23, with ROE at 13.51 percent and ROCE at 22.12 percent, while margins increased as well, with net profit margin at 22.83 percent and operating profit margin at 33.72 percent.
According to the FY 22-23 shareholding pattern, promoters own 60.14 percent of the firm, while retail investors possess 37.82 percent.
Written by Omkar Chitnis
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