Shares of Zen Technologies Ltd hit an intraday high of ₹324.70 logging over a 13 percent rise on Monday. The stock ended the session at Rs 308.20 levels which is about 8 percent higher than the previous closing level of Rs 285.50. In the past 6 month period, the stock has jumped around 51.39 percent ranging from Rs 203.65 to the current price levels.
One of the probable reasons for the stock prices to surge today is the recent announcement made by the company pertaining to the financial results of last quarter as well as for FY 22-23. Details of the same have been mentioned later on in the piece.
Zen Technologies Ltd. Is a pioneer in the design, development, and manufacture of world-class combat training solutions for the training of defence and security forces. It is actively involved in the indigenization of technologies, which are beneficial to the Indian armed forces, state police forces, and paramilitary forces.
Having a quick walkthrough of the financials reported by the company, the operating revenues increased from Rs 52 crores in Q3 to Rs 96 crores in Q4. Similarly, The net profits of the company, during the same period, transitioned from Rs 12 crores to profits of Rs 23 crores.
Having a YoY comparison of the metrics mentioned above, the revenues significantly improved from Rs 70 crores during FY 21-22 to Rs 219 crores in FY 22-23. The PAT numbers have jumped multi folds from Rs 3 crores to Rs 50 crores in the period. The debt-to-equity ratio of the company slightly increased from 0.01 during FY20-21 to 0.06 in FY 21-22.
According to the latest data pertaining to the shareholding pattern, promoters of the company hold a 60.14 percent stake, and Foreign Institutional Investors (FIIs) hold a 1.29 percent stake in the company for FY 22-23.
Written by Omkar
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