The shares of the world’s leading provider of defence training solutions touched the upper circuit percent after the company received an order of Rs 64 crore from the Ministry of Defence.
At 10:30 p.m., Zen Technologies Limited shares touched a 5 percent upper circuit of Rs 826.70 on the stock exchange.
As per the company’s exchange filing, Zen Technologies received an order worth of Rs 64.97 crores from the Ministry of Defence.
Zen Technologies gained multibagger returns of 288 percent in six months and 349 percent over a year. A shareholder’s investment of Rs. 1 lakh in the business would be worth Rs. 4.49 lakhs after a year and Rs. 3.88 lakhs after a half-year.
Zen Technologies revenue has increased by 256 percent year on year, from Rs 37 crore in Q1FY23 to Rs 132 crore in Q1FY24. During the same period, net profit climbed by 585 percent, from Rs 7 crore to Rs 48 crore.
Ace investor Mukul Mahavir Agrawal holds 11,26,765 shares in the firm as of the June 2023-24 quarter, equivalent to 1.34 percent.
Profitability ratios at Zen Technologies expanded significantly, with return on equity at 13.51 percent and return on capital employed at 22.12 percent, while margins also increased, with net profit margin at 22.83 percent and operating profit margin at 33.72 percent.
As per the latest shareholding pattern, the promoters own 57.45 percent of the company, while Foreign institutional investors own 3.47 percent and retail investors own 38.11 percent.
Zen Technologies Limited specializes in the production of cutting-edge land-based military training simulators, driving simulators, live range equipment, and anti-drone systems.
Written by Omkar Chitnis
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