Synopsis:
The shares of this small-cap defense company were in the news today after it received an order worth Rs 108 crore for the supply of simulators from the Ministry of Defence and GOI.
The shares of this company, which designs, develops, and manufactures combat training solutions and counter-drone solutions for defence and security forces, were in focus today after its announcement of bagging orders from the Ministry of Defence for the supply of simulators.
With the market cap of Rs 12,672 Crore, the shares of Zen Technologies Ltd reached a high of Rs 1403.90 compared to its previous day closing price of Rs 1382.40, giving a jump of about 1.5% in today’s trading session. The shares have given a return of 1,666% in the last 5 years and are trading at a PE of 50.8, whereas its industry PE is 63.6.
About the order
Zen Technologies has shared that it has won a major order worth about Rs 108 crore from the Ministry of Defence for supplying its simulators. This is an important win for the company, reinforcing the trust the armed forces have built in Zen’s training technologies over the years. The order also reflects how the military continues to rely on modern, simulation-based systems to improve training quality and safety.
The company stated that the entire order will be executed within a year, giving it clear near-term revenue visibility. Since the contract is purely domestic and involves no related-party dealings, it highlights a straightforward and clean business opportunity. Overall, this order strengthens Zen’s growing momentum in the defence sector and shows how demand for indigenous, advanced training solutions continues to rise.
Financials and others
The revenue from operations is at Rs 174 crore in Q2 FY26 versus Rs 242 crore in Q2 FY25, which is a fall of about 28 per cent YoY. However, the net profit is around the same when we compare the Q2 FY25 profit of Rs 63 crore with the Q2 FY26 profit of Rs 62 crore.
Zen Technologies is actively involved in the indigenisation of technologies that are beneficial to Indian armed forces, state police forces, and paramilitary forces and is headquartered in Hyderabad, India, with offices in India, the UAE, and the USA.
Its order book as of 30 September 2025 shows that the company is moving with strong momentum. It started the quarter with Rs 754.56 crore worth of orders and added another Rs 94.05 crore in new business and executed Rs 173.57 crore during the period, closing with a solid Rs 675.04 crore order book.
What makes this even more impressive is the balanced mix: a large Rs 554.12 crore comes from India, while Rs 120.92 crore is driven by exports. This blend of domestic strength and growing international demand gives Zen a stable foundation and clear visibility for the months ahead.
Written by Leon Mendonca
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. Trade Brains Technologies Private Limited 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.
