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Zen Technologies Ltd share Price

Company details

6M Return 133.92%
1Y Return 290.95%
Mkt Cap.(Cr) 6,297.00
Volume 86,843
Div Yield 0.03%
OI Chg %
Volume 86,843

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Defence company Zen Technologies announced Q1FY24 results:

  • Sales of Rs 132.45 crore in Q1FY24 compared to Rs 33.23 crore in Q1FY23
  • Total revenue of Rs 135.08 crore in Q1FY24 compared to Rs 35.38 crore in Q1FY23
  • EBITDA of Rs 68.79 crore in Q1FY24 compared to Rs 13.38 crore in Q1FY23
  • EBITDA margins of 50.93% in Q1FY24 compared to Rs 37.80% in Q1FY23
  • Interest cost of Rs 0.35 crore in Q1FY24 compared to Rs 0.59 crore in Q1FY23
  • Profit before tax of Rs 66.98 crore in Q1FY24 compared to Rs 11.87 crore in Q1FY23
  • Profit after tax of Rs 47.13 crore in Q1FY24 compared to Rs 8.21 crore in Q1FY23

Commenting on the results, Ashok Atluri – Chairman and Managing Director, said, “Zen Technologies' performance for Q1FY24 has set a new record for us in terms of revenue and profitability. This strong performance in the quarter was driven by the successful execution of a significant part of the simulation export and domestic anti-drone orders. The inherent operating leverage of our business model came to the fore this quarter, evident in an EBITDA of 51%.

During this quarter, we secured new orders amounting to approximately Rs 202 crore. Additionally, in July 2023, we bagged orders worth around Rs 500 crore. This brings our cumulative order book position to ~ Rs 1,000 crore, a figure that exceeds the cumulative turnover of the last whole decade. We believe this is merely the onset of an inflection point—a positive black swan event, resulting from the convergence of various factors such as #MakeInIndia, #Atmanirbharata, Buy Indian IDDM, Defence Positive Lists, Simulation Framework, and the GoI's Sustainability Commitment. Owing to escalating geopolitical risks and India’s improved international relations, we are optimistic about making significant inroads in the export markets, especially for simulators and anti-drone systems.

We have a strong liquidity position and a healthy balance sheet with a significant improvement in our working capital cycle. This will support the execution of the orders and fuel our plans for the growth opportunities that will unfold in the coming years.”


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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Zen Technologies Ltd Stocks COMPARISION


Equity Capital: 238.88 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59

Zen Technologies Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Zen Technologies Ltd is principally engaged in design, development and manufacture of Training Simulators for Police and Paramilitary Forces, Armed Forces, Security Forces, Government Departments like Transport, Mining, Infrastructure and Civilian market. The products of the Company are divided into 3 major categories viz. Land-based Military Simulators, Driving Simulators and Mining & Special Equipment Simulators. The Company`s manufacturing unit is located at Maheswaram Mandal, in Telangana. The company has supplied over 170 simulators to over 70 customers all over India and enjoys the confidence of this large customer base. Their customers are located across the length and breadth of the country. The main customers are, Defense Services, State Police forces, Para Military forces and the Navy of a South East Asian country. The company`s products are Small Arms Training Simulator (Zen SATS SL), Hand Grenade Simulator (Zen HE36S), Advanced Weapons Simulator (Zen AWeSim), Tactical Engagement Simulator (Zen TacSim), 81mm Mortar Simulator, Driving Training Simulator (Zen DTS), Zen Bus Simulator, BMP II Driving Simulator (ZEN BMP-II DS) and Anti-Tank Guided Missile Simulator (Zen ATGM Sim). Zen Technologies Ltd was incorporated in the year 1993. The company established with an aim of developing state-of-the-art simulators for weapons and allied defense equipment. Over the year, the company has developed expertise in designing, developing and manufacturing various types of state-of-the-art simulators. The company went public in the year 2000. During the year 2004-05, the company developed two new products, namely Anti-tank Guided Missile Simulator and Tactical Engagement Simulator. During the year 2005-06, they made a tie up with SAAB Training Systems (STS), Sweden for their highly evolved version of TacSim that is being used by many security forces across Europe. During the year 2006-07, the company launched the Cabin Crew Simulator. The Cabin Crew simulator is being used by CMTES based in Secunderabad. In January 25, 2007, they incorporated a wholly owned subsidiary company, namely Zen Technologies FZE at RAK Free Trade Zone in the Emirate of Ras Al Khaimah. During the year 2007-08, the company equity shares were listed on Inter-Connected Stock Exchange Of India Ltd. Also, they company started a new Production Unit at Nalagarh, Himachal Pradesh. During the year 2009-10, the company completed the Phase I construction of production facilities on the land allotted to them near Hyderabad`s new international airport. In August 21, 2010, the company incorporated a wholly owned subsidiary company with the name Version2Games Ltd. In 2011, the Company launched the tank simulator; in 2012, it launched the UAV simulator. in 2013, launched the IWTS, ACTS, TZS, MMG & AGL simulators; launched the Containerised Tubular Shooting Range in 2016. In 2018, the Company commissioned new Technology Center in Kondapur, Hyderabad. During FY 2017-18, the Company divested its entire stake of Version 2 Games Limited and accordingly Version 2 Games Limited ceased to be subsidiary of the Company with effect from 24 November 2017. Thereafter, the Company formed ZEN TECHNOLOGIES USA, INC., a wholly owned subsidiary in the USA for the US operations of the Company and ZEN TECHNOLOGIES USA, INC became subsidiary of the Company with effect from 7th May 2018. During FY 2018-19, the Company acquired 2,88,794 (no. of equity shares) aggregating to 51% of shareholding of UTS on 08 May 2019 and accordingly, UTS became a subsidiary of the Company w.e.f. 08 May 2019. An innovation ecosystem for Defence titled Innovations for Defence Excellence (iDEX) was launched in April 2018. In FY 2020-21, the Company acquired 20,000 (no. of equity shares) aggregating to 100% of shareholding of Zen Medical Technologies Private Limited on 29th September 2020 and accordingly, Zen Medical Technologies Private Limited became a wholly owned subsidiary of the Company w.e.f. 29th September 2020. In FY 2020-21, the Company launched Anti Drone System. It established branch office in the Emirate of Abu Dhabi, UAE towards exploring various business opportunities and also diversified into Medical devices business. In 2021-22, it launched Advanced Warfare Weapons Simulator (AweSim).

Registered Address

B-42 Industrial Estate, Sanathnagar, Hyderabad, Telangana, 500018

Tel : 91-40-23813281/23812894
Email : info:zentechnologies.com
Website : http://www.zentechnologies.com

Sathguru Mngt Consul Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 533339
Book Closure Date (Month) :
BSE Group : T
ISIN : INE251B01027

FAQ’s on Zen Technologies Ltd Shares

You can buy Zen Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Zen Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 03:57 PM the closing price of Zen Technologies Ltd was ₹ 749.25.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 03:57 PM, the market cap of Zen Technologies Ltd stood at ₹ 6,297.00.

The latest PE ratio of Zen Technologies Ltd as of Oct 03, 2023 03:57 PM is 77.91

The latest PB ratio of Zen Technologies Ltd as of Oct 03, 2023 03:57 PM is 0.05

The 52-week high of Zen Technologies Ltd is ₹ 911.40 while the 52-week low is ₹ 175.15

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