Zen Technologies Ltd
ZENTECZen Technologies Ltd
ZENTECPrice Chart
Scorecard
Performance
HighThe creamy layer - amongst the top performing stocks
Valuation
HighSeems to be overvalued vs the market average
Growth
HighStrong financials and growth story over the years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
79.97 | 35.16 | 0.05% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
35.16 | 9.27 | 1.67% |
Forecast & Ratings
Detailed Forecast from 3 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Zen Technologies Limited is engaged in the design, development and manufacture of Training Simulators. It offers its products to police and paramilitary forces, armed forces, security forces and government departments.
Peers
Compare with peersBharat Electronics Ltd
Honeywell Automation India Ltd
PG Electroplast Ltd
Genus Power Infrastructures Ltd
Syrma SGS Technology Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ cr.
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 95.33 | 151.22 | 57.66 | 75.13 | 228.10 | 457.18 | 758.24 | |||||||
Raw Materials | 37.56 | 26.37 | 10.22 | 24.59 | 78.53 | 171.75 | 453.11 | |||||||
Power & Fuel Cost | 0.73 | 0.76 | 0.58 | 0.62 | 0.91 | 1.19 | ||||||||
Employee Cost | 16.61 | 19.64 | 15.60 | 21.01 | 35.92 | 58.97 | ||||||||
Selling & Administrative Expenses | 23.18 | 14.48 | 11.57 | 17.96 | 30.89 | 44.03 | ||||||||
Operating & Other expenses | -2.53 | 25.32 | 9.29 | 1.29 | -0.02 | -16.87 | ||||||||
EBITDA | 19.78 | 64.65 | 10.40 | 9.66 | 81.87 | 198.11 | 305.13 | |||||||
Depreciation/Amortization | 3.80 | 4.57 | 4.95 | 4.83 | 6.06 | 9.68 | 12.41 | |||||||
PBIT | 15.98 | 60.08 | 5.45 | 4.83 | 75.81 | 188.43 | 292.72 | |||||||
Interest & Other Items | 4.81 | 3.35 | 1.09 | 1.53 | 4.08 | 2.28 | 4.79 | |||||||
PBT | 11.17 | 56.73 | 4.36 | 3.30 | 71.73 | 186.15 | 287.93 | |||||||
Taxes & Other Items | -2.15 | -2.04 | 1.25 | 1.31 | 28.99 | 58.27 | 82.94 | |||||||
Net Income | 13.32 | 58.77 | 3.11 | 1.99 | 42.74 | 127.88 | 204.99 | |||||||
EPS | 1.73 | 7.62 | 0.40 | 0.25 | 5.38 | 15.64 | 24.39 | |||||||
DPS | 0.30 | 0.40 | 0.10 | 0.10 | 0.20 | 1.00 | 1.00 | |||||||
Payout ratio | 0.17 | 0.05 | 0.25 | 0.40 | 0.04 | 0.06 | 0.04 |
Company Updates
Peers & Comparison
Information TechnologyElectronic Equipments
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Zen Technologies Ltd | 128.19 | 35.16 | 0.05% |
Bharat Electronics Ltd | 54.62 | 13.32 | 0.74% |
Honeywell Automation India Ltd | 77.17 | 10.73 | 0.23% |
PG Electroplast Ltd | 133.71 | 17.35 | 0.00% |
Price Comparison
Compare ZENTEC with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 3.81%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 2.63%
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 2.64%
Shareholding Pattern
Mar 2024
Jun 2024
Aug 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 4.38%
Top 5 Mutual Funds holding Zen Technologies Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Kotak Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.4611% | Percentage of the fund’s portfolio invested in the stock 0.46% | Change in the portfolio weight of the stock over the last 3 months 0.46% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 54/61 (+6) |
Kotak Multicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6872% | Percentage of the fund’s portfolio invested in the stock 0.76% | Change in the portfolio weight of the stock over the last 3 months 0.76% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 70/75 (+2) |
Motilal Oswal Nifty India Defence Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5453% | Percentage of the fund’s portfolio invested in the stock 4.32% | Change in the portfolio weight of the stock over the last 3 months 4.32% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 7/18 (+4) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 0.05%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.49 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 6, 2024
Dividend/Share
₹1.00
Ex DateEx Date
Sep 6, 2024
Cash Dividend
Ex DateEx DateSep 8, 2023
Dividend/Share
₹0.20
Ex DateEx Date
Sep 8, 2023
Cash Dividend
Ex DateEx DateSep 21, 2022
Dividend/Share
₹0.10
Ex DateEx Date
Sep 21, 2022
Cash Dividend
Ex DateEx DateAug 18, 2021
Dividend/Share
₹0.10
Ex DateEx Date
Aug 18, 2021
Cash Dividend
Ex DateEx DateSep 10, 2020
Dividend/Share
₹0.40
Ex DateEx Date
Sep 10, 2020
Revenue from operations spiked 277.44% year on year (YoY) to Rs 241.68 crore in the quarter ended September 2024. Profit before tax stood at Rs 83.45 crore in Q2 FY25, registering a growth of 242.99% from Rs 24.33 crore reported in the same period a year ago. The company's operational EBITDA grew by 264.98% to Rs 79.42 crore in Q2 FY25 as compared to Rs 21.76 crore posted in Q2 FY24. EBITDA margin jumped to 32.86% in Q2 FY25 as against 33.98% reported in Q2 FY24. On half year basis, the company's net profit jumped 116.24% to Rs 139.41 crore in Q2 FY25 as against Rs 64.47 crore posted in Q2 FY24. Revenue from operations rallied 152.25% year on year to Rs 495.64 crore in Q2 FY25. Ashok Atluri, chairman and managing director, said, 'I am pleased to share the results for Q2FY25, which reflect a solid continuation of the growth we achieved in Q1FY25. Our revenue from operations for Q2FY25 reached Rs 241.69 crore, a significant increase of 277% compared to Rs 64.03 crore in Q2FY24. Our operational EBITDA for the quarter was Rs 79.42 crore, representing a growth of 265% from Rs 21.76 crore in the same period last year, while our profit after tax stood at Rs 65.24 crore, up 276% from Rs 17.34 crore. We have exceeded the revenue and profit after tax of the previous year FY24 in the H1FY25 itself. As of 30th September 2024, our order book is strong at Rs 956.74 crore, positioning us well for future growth. During the quarter, we successfully completed a Qualified Institutional Placement (QIP), raising Rs 1000 crore. This initiative received strong response, with subscriptions exceeding five times the issue amount. Notable marquee investors who have been allotted equity shares through our recent Qualified Institutional Placement (QIP) include Kotak Mutual Fund, Motilal Oswal and White Oak Offshore. Their participation underscores the confidence in our growth strategy and future prospects. As of September 30, 2024, the company has a robust liquidity position with balances in banks totalling Rs 1,103 crore. This strong cash reserve positions us favourably for future R&D investments and strategic acquisitions. Continuing our commitment to organic and inorganic growth strategies, we are actively evaluating potential acquisition opportunities in simulator and electronic warfare technologies aligned with our strategy. Our dedication to innovation, coupled with strategic investments in research and development, ensures we remain poised to capitalise on burgeoning demand driven by military modernisation initiatives globally.' Zen Technologies is a pioneer and leader in providing world class state-of-theart Defence Training and Anti-Drone solutions and has a proven track record in building training systems for imparting defense training and measuring combat readiness of security forces. With a dedicated R&D (recognized by the Ministry of Science and Technology, Government of India) and production facility in Hyderabad, the company has applied for over 155 patents and shipped more than 1,000 training systems around the world. Shares of Zen Technologies fell 1.51% to Rs 1,850 on the BSE.Powered by Capital Market - Live
Net profit of Zen Technologies rose 310.14% to Rs 62.67 crore in the quarter ended September 2024 as against Rs 15.28 crore during the previous quarter ended September 2023. Sales rose 263.67% to Rs 241.84 crore in the quarter ended September 2024 as against Rs 66.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales241.8466.50 264 OPM %33.0828.53 - PBDT86.2123.78 263 PBT82.3721.57 282 NP62.6715.28 310 Powered by Capital Market - Live
Zen Technologies will hold a meeting of the Board of Directors of the Company on 2 November 2024Powered by Capital Market - Live
Zen Technologies announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2024.Powered by Capital Market - Live
Zen Technologies has successfully raised Rs 1,000 crore through its first-ever Qualified Institutional Placement (QIP). The QIP, launched on 21 August 2024, and closed on 23 August 2024, saw significant interest from both domestic and international investors, underscoring strong confidence in the company's strategic vision and market position. Zen Technologies allocated 62,46,096 equity shares, each with a face value of Re 1, to qualified institutional buyers (QIBs) at an issue price of Rs 1,601 per share. This pricing represents a discount of approximately 5% to the QIP floor price of Rs 1,685.18 per share, as determined by SEBI regulations. The QIP was oversubscribed by ''5 times, reflecting the high demand and investor confidence in Zen Technologies' growth strategy. Key investors participating in this QIP include Kotak Mutual Fund, White Oak Offshore Fund, White Oak Mutual Fund, Motilal Oswal Mutual Fund, and Bandhan Mutual Fund, amongst others. The proceeds from the QIP will be strategically deployed to accelerate Zen Technologies' growth plans. These include exploring inorganic growth opportunities and funding working capital requirement for the expected rapid growth in the coming years. This capital infusion aligns with the company''s long-term vision to penetrate adjacent markets (Naval and Air Force), to continue deep R&D in the field of counter-drone solutions, and expand its footprint in the global defence market.Powered by Capital Market - Live
Zen Technologies has received the Indian Patent Grant for its innovative Trigger Sensing System, a crucial component of the TacSim' range of products. This patent, granted on 22 August 2024, marks the 17th patent awarded to the company in the calendar year 2024 and the 7th in the financial year 2024- 25. The TacSim' product line is renowned for its Force on Force Training Systems, designed to evaluate and enhance the operational capabilities of the defense forces. This latest patent ispart of a suite of five patents related to the TacSim' range, which includes a Laser Unit, Indoor Tracking Unit, HE36 Grenade Simulator, Weapon Range Estimation System, and now, the Trigger Sensing System. The TacSim' product line is scalable and can incorporate the participants of all three services engaged in an integrated joint training exercise on all types of terrain. Extremely versatile in employment, it is an exceptional training tool for realistic training of tri-service tactical groupings of integrated theatre commands. The Trigger Sensing System, protected under the present Patent will be valid until 22nd October 2030. This system provides an enhanced method for accurately detecting the point of trigger activation in various firearm simulators, ensuring precise and realistic training experiences. It incorporates advanced technologies that simultaneously sense multiple aspects of firearm recoil, including vibration, shock, and sound, thereby minimizing the scope for false triggers and enhancing training accuracy. Powered by Capital Market - Live
Defence sector may be back in action, ICICI Securities shares 5 stock picks
Zen Tech hits life high on strong Q1 outcome
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 36.83%, vs industry avg of 9.99%
Increasing Market Share
Over the last 5 years, market share increased from 0.5% to 1.15%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 57.2%, vs industry avg of 16.72%