Multibagger defence stock engaged in designing, developing, and manufacturing state-of-the-art Combat Training Solutions and many more jumped 2 percent in the day’s trade upon receiving a work order worth Rs. 93 Crores from the Ministry of Defence.
With a market capitalization of Rs. 6,904 Crores, the shares of Zen Technologies Limited were trading at Rs. 821.45, up 0.60 percent from its previous day’s close price of Rs. 816.55. It has delivered multibagger returns of 217 percent in a year.
As per the company’s filing released on BSE, Zen Technologies Limited has received a work order worth Rs. 93 Crores, from the Ministry of Defence, Government of India for the supply of Tactical Training Simulators.
Zen Technologies Limited is engaged in the business of designing, developing, and manufacturing state-of-the-art Combat Training Solutions for the training of Defence & Security Forces worldwide.
As of December 31, 2023, Zen Technologies Limited has a strong order book of Rs. 1,434.38 Crores, consisting of annual maintenance contracts for Rs. 270 Crores and supply of equipment for Rs. 1,164.38 Crores.
Zen Technologies Limited’s total order book of Rs. 1,434.38 Crores segmental breakup consists of training simulators and equipment for Rs. 800.15 Crores and Anti-Drone Systems for Rs. 634.23 Crores.
Its revenue from operations grew by 201 percent from Rs. 54 Crores in FY22 to Rs. 161 Crores in FY23, accompanied by increasing profits of Rs. 2 Crores to Rs. 38 Crores.
It has reported a return on equity (ROE) of 12 percent and a return on capital employed (ROCE) of 17.3 percent, it is making good returns on its equity and capital employed
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
