The shares of the largest supplier of defense training solutions marginally gained on Wednesday’s early trade after the company received its 15th patent for “Laser Transmitter Unit” product in Defense Simulation.
At 12:30 p.m., Zen Technologies Limited shares were quoting at ₹701.20 per share, down 1.63 percent from the previous close price on the National Stock Exchange. The company has a market capitalization of Rs 5,872 crore.
As per the company’s exchange filing, Zen Technologies Ltd received a Patent Grant for its revolutionary “Laser Transmitter Unit.” This innovation in the field of defence marks a substantial leap for a company in the field of defence simulation, specifically addressing the development of an economical and user-friendly laser transmitter unit.
The company received its 15th Patent in the fiscal year 2023-24, This accomplishment will enrich the company’s portfolio of patented technologies, solidifying its position as a pioneer in defence simulation solutions.
In the fiscal year 2023-24, Zen Technologies has received Patents for a range of cutting-edge technologies, including the Smart Target System (STS), Indoor Tracking System, Grenade Simulator, Construction of Spherical Screens, ACTS, Sensor Weapon, Total Containment Trap (TCT), ZU-23 Simulator, MRTS, MMG Simulator, and an ‘ILU Holder.’
Zen Technologies has delivered multibagger returns of 14 percent in six months and 257 percent over a year. A shareholder’s investment of Rs. 1 lakh in the company a year ago would be worth Rs. 3.57 lakhs.
Zen Technologies’ revenue has increased by 204 percent yearly, from Rs 21 crore in Q2FY23 to Rs 64 crore in Q2FY24. In the same time frame, the company’s net profit climbed by 240 percent, from Rs 5 crore to Rs 17 crore.
As of the December quarter of 2023-24, Mukul Mahavir Agrawal holds 11,26,765 shares in the company, or 1.34 percent.
The company’s profitability ratios have improved over the last fiscal year. The 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.
In FY23, Zen Technologies reported strong margins 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 55.07 percent of the company, while Foreign institutional investors hold 4.65 percent and retail investors own 36.42 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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