The shares of this defence stock gained up to 5 percent after the company received an export order worth Rs 42 cores (5.12 Million USD).
Zen Technology Ltd is a Small-cap with a market capitalization of Rs 6,376.86 Crore. On Monday, the shares were trading at Rs 758.75 a share, an increase of 5 percent from the previous close price.
According to the company Filing, Zen Technology Ltd announced that they received receipt of an export order worth Rs 42 crores(5.12 Million USD). This order reflects the company’s growing influence and reputation on the global stage
In addition to the previously mentioned paragraph, the order, which includes cutting-edge simulators, is from a friendly country and demonstrates the Indian government’s efforts to increase defense exports in line with the goal of the country to become a net exporter of defense.
Looking into the company performance, Zen Technology Ltd’s revenue increased by 99 percent from Rs 33.41 Crore in Q2FY23 to 66.5 Crore in Q2FY24. During the same period, net profits increased by 78.6 percent from Rs 7.63 crore to Rs 13.63 crore.
Zen Technology Ltd reported an increase in return ratios from the previous financial year, a return on equity (ROE) increased from 1.08 percent to 16.55 percent, and a return on capital employed (ROCE) increased from 1.92 percent to 24.51 percent.
Zen Technology Ltd’s recent shareholding pattern, The Promoters of the company own 57.45 percent while Retail shareholders own a 37.56 percent stake in the company and Foreign Institutional Investors own a 4.84 percent stake.
Zen Technology Ltd. is engaged with, developed, and produced combat training products for the military and law enforcement.
Written by:- Abhishek Singh
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