The shares of one a global leader in defense training and anti-drone solutions specialised in providing advanced defense training solutions and anti-drone technologies, jumped up to 6 percent upon securing a design registration for its innovative “60 mm Mortar Training Simulator” under the Designs Act of India.
Price action
With a market capitalization of Rs. 19,394 crores on Thursday, the shares of Zen Technologies Limited is trading at Rs. 2,242.05 up by 4 percent making a high of Rs. 2,278.90 per share compared to its previous closing price of Rs. 2,150.25 per share.
What Happened
Zen Technologies Limited specialised in providing advanced defence training solutions and anti-drone technologies has secured a design registration for its innovative “60 mm Mortar Training Simulator” under the Designs Act of India.
This new development strengthens the company’s leadership in military training technologies, strengthening its position as a leading supplier of realistic combat training solutions worldwide.
The 60 mm Mortar Training Simulator is a cutting-edge system designed to provide an immersive and realistic training experience to the Mortar Crews of an Infantry Rifle Platoon. They also focus on key aspects such as target acquisition, simulated firing, and fire corrections, ensuring effective mortar use in modern combat situations.
Its innovative design is tailored for operational efficiency, delivering a system that is both ergonomic and user-friendly, while also providing a variety of terrains and conditions for training. The system can operate indoors, making it ideal for year-round use, and helps reduce the costs and safety risks associated with live-fire exercises.
Orderbook Status ( As of 30th Sept 2024)
In Q2FY25, the company secured new orders worth Rs. 39.59 Cr, all in AMC. During the same period, The total of Rs. 241.69 Cr worth of orders were executed, including Rs. 8.46 Cr in AMC and Rs. 233.23 Cr in equipment. As of September 30, 2024, the total order book was Rs. 956.74 Cr, with Rs. 288.69 Cr in AMC and Rs. 668.05 Cr in equipment.
Strategic Priorities
Zen Technologies strategic priorities focus on growing equipment sales, expanding the product portfolio, particularly in Anti-Drone systems, and scaling the AMC business to cover fixed operating expenses. The company aims to streamline operations, optimize costs, and improve financial performance. It is also exploring inorganic acquisitions aligned with its vision and investing in R&D to enhance technical capabilities and develop complex systems.
Financials
The company’s revenue rose by 248 percent from Rs 71.84 crore to Rs 250.31 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 15.28 crores to Rs 62.67 crore during the same period.
Written by Sridhar J
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