The share price of this leading Aerospace and defence company increased by 5 percent after receiving a patent for its new product.
With a market capitalization of Rs 7,560.2 crores, the shares of Zen Technologies Ltd closed at Rs 916.50 a piece on Thursday’s session. Comparing today’s high of Rs 944.00 per share and to a previous close of Rs 899.55 per share, the shares surged by 5 percent.
The changes in the share prices were observed after the company received a patent for its invention named “Tzs (LASER BORESIGHTING)”. The patent is valid up to July 22, 2036. This is the 13th Patent Grant in the Calendar year 2024 till date, according to the company’s filings.
As of March 2024, the order book value of the company stood at Rs 1,401.97 Crores
Taking a look into the financials of Zen Technologies Ltd ,The revenue from operations increase by 41 percent from Rs. 100 crores in Q3FY24 to Rs.141 crores in Q4FY24. On a year-on-year basis, it increased by 100.9 percent from Rs. 219 crores in FY22-23 to Rs 440 crores in FY23-24.
The net profits of the company also witnessed an increament by 26.6 percent from Rs.30 crores in Q3FY24 to Rs. 38 crores in Q4FY24. On a year-on-year basis, it increased tremendously by 160 percent from Rs. 50 crores in FY22-23 to Rs 130 crores in FY23-24.
On a YoY basis the company’s EBITDA rose by 79 percent from Rs 26.50 crores in Q4FY23 to Rs 47.41 crores in Q4FY24. Profit after tax surged by 91 percent from Rs 17.27 crores to Rs 33.04 crores for the same time frame.
As of March 2024, its shareholding pattern stood at 55.07 percent for promoters, 37.77 percent for the public, 3.32 percent for domestic institutional investors, and 3.84 percent for foreign institutional investors.
This prominent stock is also held by the ace investor Mukul Agrawal in which he currently has 1.19 percent stake representing 10,00,765 equity shares.
The shares of this company generated an overall return of 25.37 percent over the past six months and a multi-bagger return 124.70% percent over the past year.
Incorporated in the year 1993, Zen technologies Ltd is engaged in the design, development and manufacture of Training Simulators for Police and Paramilitary Forces, Armed Forces, Security Forces etc.The Product portfolio of the Company are divided into 3 major categories viz. Land-based Military Simulators, Driving Simulators, and Mining & Special Equipment Simulators.
Written by Zahal
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