The shares of the largest supplier of defense training solutions touched the upper circuit percent on Monday’s early trade after the company received an order from the Ministry of Defence.
At 9:45 a.m., Zen Technologies Limited shares touched a 5 percent upper circuit of Rs 756.20 on the National Stock Exchange from the previous close price. The company has a market capitalization of Rs 6,341 crore.
As per the company’s exchange filing, Zen Technologies received an order worth Rs 227.65 crores from the Ministry of Defence.
Zen Technologies has delivered multibagger returns of 151 percent in six months and 293 percent over a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 3.93 lakhs after a year and Rs. 2.51 lakhs after a six-month..
Zen Technologies’ revenue has increased by 256 percent yearly, from Rs 37 crore in Q1FY23 to Rs 132 crore in Q1FY24. In the same time frame, the company’s net profit climbed by 585 percent, from Rs 7 crore to Rs 48 crore.
As of the June 2023-24 quarter, Mukul Mahavir Agrawal holds 11,26,765 shares in the company, or 1.34 percent.
The Company’s return on equity increased from 0.95 percent in FY22 to 17.70 percent in FY23, while the return on capital employed rose from 1.72 percent to 22.12 percent during the same period.
Zen Technologies’ margins are in a strong position with a net profit margin of 22.83 percent and an operating margin of 33.72 percent.
According to the recent shareholding pattern, the company promoters hold 57.45 percent of the company, while Foreign institutional investors own 3.47 percent and retail investors own 38.11 percent stake.
Zen Technologies Limited designs, develops and manufactures cutting-edge land-based military training simulators, driving simulators, live range equipment, and anti-drone systems for the Indian armed forces.
Written by Omkar Chitnis
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