Defence stock engaged in the business of designing, developing, and manufacturing state-of-the-art Combat Training Solutions for the training of Defence & Security Forces in focus after it receives grant for its new patent catering to Armed Forces.
Price Action
With a market capitalization of Rs. 15,438 Crores, the shares of Zen Technologies Limited closed at Rs. 1,713.05 per equity share, up 0.54 percent from its previous day’s close price of Rs. 1,703.85.
What Happened
Zen Technologies Limited, has announced that it has received a grant for its latest patent for the “Infantry Virtual Training Simulation System(IVTSS)”. The IVTSS is an advanced, state-of-the-art simulation system developed to provide military personnel with a highly realistic and immersive virtual training environment.
This Patent is a significant addition to Zen’s portfolio of defence innovations, which includes the renowned Tactical Engagement Simulator (TacSim) range of products.
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It combines multiple simulation stations, enabling comprehensive infantry training while addressing the evolving needs of modern warfare. It supports a wide range of training scenarios, including small arms handling, tactical decision-making, mortar detachment training, and many more.
One of the system’s most innovative features is its tactical training module for mortar detachments, which is designed to train soldiers on critical aspects of target selection, prioritization, and engagement. This ensures that soldiers are well-prepared to manage the complexities of tactical decision-making in real-world combat situations.
About the Company
Zen Technologies Limited is engaged in the business of designing, developing, and manufacturing state-of-the-art Combat Training Solutions for the training of Defence & Security Forces worldwide.
As of Q1FY25, Zen Technologies Limited has a strong order book of Rs. 1,158.54 Crores of which 55.91 percent of the total order is received for Training Simulators, and 44.08 percent are received for Anti Drone Systems.
Financials & Ratios
Its Revenue from operations grew by 92 percent from Rs. 132 Crores in Q1FY24 to Rs. 255 Crores in Q1FY25, accompanied by profits of Rs. 48 Crores to Rs. 79 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 33 percent, and a return on capital employed (ROCE) of 46.1 percent. It has reported a debt-to-equity ratio of 0.01.
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Written by: Bharath K.S
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