In Wednesday’s first half session, shares of India’s leading provider of defence training and anti-drone solutions rose 19 percent to an all-time high of Rs 575 apiece after the company received Rs 340 crore export order.
With a market capitalization of Rs 4,764 crores, Zen Technologies Ltd was trading at Rs 563.70 at 1:19 p.m., up 17.26 percent from the previous close price.
As per the company’s filing on BSE, Zen Technologies Limited received a significant order in the export market. The contract is worth around Rs 340 crores.
Zen Technologies Limited is engaged in cutting-edge Military Training and Anti-Drone solutions as well as driving simulators, live range equipment.
In June 2023,the company reported a significant order from the Indian government for around Rs 160 crores for the part of government’s Indigenous Design and Development (IDDM) strategy in the defence sector.
Zen Technologies shares have delivered multibagger returns of 225 percent in a year and 195 percent in six months. If a shareholder had invested Rs 1 lakh in the company that would be worth Rs 3.25 lakhs in a year and Rs 2.95 lakhs in six months.
Company’s revenue increased by 216 percent year on year, from Rs 69 crore in FY 21-22 to Rs 218 crore in FY 22-23. Net profit climbed by 2350 percent within the same time period, from Rs 2 crore to Rs 49 crore.
In FY 22-23, profitability ratios climbed substantially, with ROE at 13.51 percent and ROCE at 22.12 percent, while margins expanded as well, with net profit margin at 22.83 percent and operating profit margin at 33.72 percent.
According to the shareholding pattern for FY 22-23, promoters own 60.14 percent of the company, while retail investors own 37.82 percent.
Written by Omkar Chitnis
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