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Zen Technologies Ltd share Price Today

Company details

1,139.05
1,209.95
392.10
1,230.00
6M Return 58.76%
1Y Return 188.83%
Mkt Cap.(Cr) 9,941.56
Volume 476,314
Div Yield 0.08%
OI
-
OI Chg %
-
Volume 476,314

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Defence company Zen Technologies announced standalone FY24 results:

Financial Highlights:

  • Zen Technologies reported a significant increase in Financial Highlights for FY24 with Revenue at Rs 430.28 crore (167% YoY), EBITDA at Rs 191.16 crore (228% YoY), and PAT at Rs 129.23 crore (243% YoY).
  • The company secured orders worth Rs 1,358 crore and projects that the order book, exceeding Rs 1,400 crore as of March 31, 2024, will contribute to sustained growth.

Commenting on the results, Ashok Atluri – Chairman and Managing Director, said: “I am delighted to report that FY24 marks a significant milestone in our financial performance, achieving record sales, profitability, and order wins. We secured orders worth Rs 1,358 crore, reflecting a notable shift in the armed forces’ perception towards training equipment and anti-drone systems. This transformation is further underscored by the increasing demand for our products from friendly foreign nations.

Our successful performance reaffirms our business model of self-funding three decades of R&D for potential products. The pivotal role played by government initiatives aimed at indigenization has provided us with the right opportunity to amplify our success.

With a robust order book exceeding Rs 1,400 crore as of March 31, 2024, we are poised for sustained growth in FY25, aiming to surpass the Rs 900 crore sales mark. To enhance our product portfolio and depth, we have augmented our investment in research and development. In the coming weeks and months, we anticipate launching a range of innovative products tailored to the needs of both the Indian armed forces and international clients.

Our commitment to expanding our export business remains steadfast. Through active participation in major trade shows and exhibitions, supported by the Government, we continue to generate potential leads to bolster our international presence.

Looking ahead, we are exploring strategic inorganic acquisitions to expand into market and product adjacencies, ensuring high probability of success.

In conclusion, we believe this to be a prosperous era for companies like Zen, which prioritise design, development, IP generation, and innovation. We are poised for continued growth and success in the foreseeable future." 


     

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Zen Technologies Ltd shares SWOT Analysis

Strengths (16)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 1,215.6
R2 1,248.2
R3 1,286.5
Pivot

1,177.30

S1 1,144.7
S2 1,106.4
S3 1,073.8
EMA SMA
1,064.4
1,007.3
948.1
841.4
1,025.8
1,006.6
944.5
847.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
TATA AIA LIFE INSURANCE COMPANY LIMITED Bulk Purchase 2023-12-14 725 2000000 NSE
TARA DUTT ATLURI Bulk Sell 2023-12-14 725 1500000 NSE
TATA AIA LIFE INSURANCE COMPANY LIMITED Block Purchase 2023-12-14 725 2000000 NSE
Name Category Shares
Ashok Atluri PROMOTER 25.64%
Kishore Dutt Atluri PROMOTER 18.73%
Rama Devi Atluri PROMOTER 3.18%
Tara Dutt Atluri PROMOTER 2.25%
Satish Atluri PROMOTER 1.41%
Anisha Atluri PROMOTER 1.19%
Arjun Dutt Atluri PROMOTER 1.19%
Ravi Kumar Midathala PROMOTER 0.59%
Beena Atluri PROMOTER 0.52%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
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P BV

Zen Technologies Ltd Stocks COMPARISON

Financials( in Cr) Zen Technologies Ltd Hindustan Aeronautics Ltd Bharat Electronics Ltd Solar Industries India Ltd Cochin Shipyard Ltd
Price 1,182.90 5,325.05 309.75 10,001.20 2,143.15
% Change 3.52 2.99 1.57 -0.36 0.51
Mcap Cr 9,941.56 356,126.03 226,420.40 90,500.86 56,382.20
Revenue TTM Cr 218.85 26,927.46 17,734.44 6,922.53 2,364.55
Net Profit TTM Cr 49.97 5,827.73 2,940.35 811.17 304.71
PE TTM 78.76 46.74 56.83 108.30 71.99
1 Year Return 188.83 178.77 152.24 159.84 630.58
ROCE 24.24 18.83 26.98 36.06 7.96
ROE 16.68 27.18 22.49 35.86 5.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 238.88 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

Zen Technologies Ltd Information

Stock PE (TTM)
78.76
Promoter Holding
55.07%
Book Value
53.3795
ROCE
24.24%
ROE
16.68%
Description
  • 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.zen.in
Registrar

Sathguru Mngt Consul Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 533339
NSE Code : ZENTEC
Book Closure Date (Month) : Sep
BSE Group : A
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 Jun 24, 2024 03:59 PM the closing price of Zen Technologies Ltd was Rs.1,182.90.

The latest PE ratio of Zen Technologies Ltd as of Jun 24, 2024 03:59 PM is 78.76

The latest PB ratio of Zen Technologies Ltd as of Jun 24, 2024 03:59 PM is 0.05

The 52-week high of Zen Technologies Ltd share price is Rs. 1,230.00 while the 52-week low is Rs. 392.10

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 Jun 24, 2024 03:59 PM, the market cap of Zen Technologies Ltd stood at Rs. 9,941.56 Cr.

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