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Zen Technologies Limited ZENTEC NIFTY_SMALLNSEAIDEFENCEINFRA

Industrials · Aerospace & Defense · India
https://www.zentechnologies.com

Zen Technologies Limited, together with its subsidiaries, engages in the design, development, manufacture, and sale of training simulators in India and internationally. The company provides anti-drone systems; training and simulation live ranges, comprising smart and multi-functional target systems, tank targets, master control station for live-firing ranges, air-to-ground firing range scoring system, containerized tubular and indoor shooting range, shoot house for live and simulated indoor tactical training, special purpose adapter for hand guns, cornershot weapon system, tank zeroing system, and containerized small arms firing range; armour combat training, indoor tracking, hand grenade simulator, and tactical engagement simulation systems; advanced weapon, medium machine gun, automatic grenade launcher, mortar integrated and carrier mortar tracked integrated, anti-tank guided missile, combat and infantry weapons training, artillery forward observers, integrated air defence, UAV mission, rotary wing, infantry combat vehicle driving, crew gunnery, gunnery, driving, BMP II integrated missile, driving training, automated driving, and bus and tatra driving simulators; and driving aptitude testing system. It serves police, paramilitary, armed, and security forces; government departments comprising transport, mining, and infrastructure; and the civilian markets. Zen Technologies Limited was incorporated in 1993 and is headquartered in Hyderabad, India.

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₹1,664.70
-21.15% 1Y

Market & Price

Market Cap
₹14,971.44 Cr
Current Price
₹1,664.70
High / Low (52W)
₹2,226.46 / ₹1,228.10
Beta
0.07

Valuation

Stock P/E
77.54
Industry PE
27.78
Forward P/E
32.00
PEG Ratio
-
Book Value
₹199.84
Price to Book
8.33
P/S
21.77
EV/EBITDA
59.43
Dividend Yield
0.06%

Profitability & Returns

ROCE
15.46%
ROE
11.83%
ROA
6.62%
Profit Margin
28.13%
Op Margin
25.35%
EPS (Latest Qtr)
₹3.51
EPS (TTM)
₹21.47

Balance Sheet & Liquidity

Debt/Equity
0.95
Quick Ratio
7.31
Current Ratio
8.86
Debt
₹18.52 Cr
Total Assets
₹2,160.22 Cr
Current Assets
₹1,554.17 Cr
Working Capital
₹1,378.70 Cr

Ownership

Promoter Holding
49.92%
Chg in Prom Hold
-
FII / Inst Holding
10.57%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹14,693.61 Cr
Total Revenue (TTM)
₹687.69 Cr
EBITDA
₹247.24 Cr
Free Cash Flow
₹374.00 Cr
Operating Cash Flow
₹244.60 Cr
Shares Outstanding
₹8.99 Cr
Gross Margin
69.35%
Payout Ratio
9.29%

Growth (CAGR)

Revenue 5Y
46.47%
Profit 5Y
65.42%
Revenue (YoY)
-45.20%
Earnings (YoY)
-68.80%

PROS

  • Excellent profit margin of 28.1%.
  • Compounding revenue at 46.5% over 5 years.
  • Profit CAGR of 65.4% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 77.5.
  • Trading 25.2% below its 52-week high.

* The pros and cons are auto-generated from financial metrics.

Price Chart

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Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ZENTEC Zen Technologies Limited NIFTY_SMALLNSEAIDEFENCEINFRA 1,664.70 77.54 ₹14,971.44 Cr 0.06% 15.46% 11.83% 46.47% 65.42%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 4,076.50 34.84 ₹5.61 L Cr 0.93% 14.55% 16.95% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,804.60 30.96 ₹4.16 L Cr 0.42% 11.02% 15.59% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,303.80 31.55 ₹2.88 L Cr 1.16% 13.80% 23.98% 7.87% 16.08%
5 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 38,445.00 172.41 ₹1.71 L Cr 0.02% 24.92% 21.04% 22.24% 119.12%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,405.00 - ₹1.70 L Cr 0.24% 15.53% - 44.12% 72.60%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,881.00 68.97 ₹1.63 L Cr 1.12% 34.95% 29.45% 16.07% 24.35%
8 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 917.45 118.99 ₹1.44 L Cr 0.14% 19.35% 19.56% 21.67% 7.81%
9 POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA 9,477.50 53.48 ₹1.43 L Cr 0.37% 30.44% 24.58% 26.57% 28.11%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026
Revenue 152.21 Cr324.97 Cr158.22 Cr177.82 Cr178.08 Cr
Cost of Revenue 66.62 Cr91.40 Cr45.41 Cr49.81 Cr52.39 Cr
Gross Profit 85.59 Cr233.58 Cr112.81 Cr128.01 Cr125.68 Cr
Operating Expenses 45.20 Cr100.36 Cr54.45 Cr67.70 Cr80.53 Cr
Operating Income 40.39 Cr133.22 Cr58.36 Cr60.31 Cr45.15 Cr
EBITDA 66.24 Cr162.69 Cr86.02 Cr82.13 Cr72.27 Cr
Interest Expense 2.96 Cr3.95 Cr3.46 Cr2.75 Cr2.02 Cr
Pretax Income 59.47 Cr153.99 Cr76.21 Cr72.89 Cr64.41 Cr
Tax Provision 16.80 Cr40.24 Cr23.14 Cr17.18 Cr17.17 Cr
Net Income 39.72 Cr101.05 Cr47.75 Cr54.77 Cr31.53 Cr
Diluted EPS 4.4211.245.316.093.51

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -218.85 Cr439.85 Cr973.64 Cr687.69 Cr
Cost of Revenue -66.24 Cr128.69 Cr384.73 Cr210.79 Cr
Gross Profit -152.61 Cr311.17 Cr588.91 Cr476.90 Cr
Operating Expenses -86.06 Cr136.67 Cr230.80 Cr254.04 Cr
Operating Income -66.55 Cr174.50 Cr358.11 Cr222.85 Cr
EBITDA -80.46 Cr196.31 Cr431.86 Cr331.30 Cr
Interest Expense -2.68 Cr45.90 L10.38 Cr10.27 Cr
Pretax Income -71.73 Cr186.15 Cr406.07 Cr296.64 Cr
Tax Provision -21.76 Cr56.65 Cr106.74 Cr78.72 Cr
Net Income -42.74 Cr127.88 Cr280.24 Cr193.45 Cr
Diluted EPS -5.2015.3432.0721.52

Compounded Sales Growth

5 Years:46.47%
1 Year:-45.20%

Compounded Profit Growth

5 Years:65.42%
1 Year:-68.80%

Stock Price Performance

1 Year:-21.15%
6 Months:+19.13%
3 Months:+25.64%
1 Month:-0.38%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -473.70 Cr750.50 Cr2,049.02 Cr2,160.22 Cr
Current Assets -332.04 Cr618.34 Cr1,603.99 Cr1,554.17 Cr
Cash & Equivalents -110.25 Cr36.71 Cr74.15 Cr78.94 Cr
Inventory -49.00 Cr169.08 Cr119.27 Cr188.19 Cr
Receivables -85.39 Cr184.50 Cr410.43 Cr224.01 Cr
Total Liabilities -143.42 Cr284.21 Cr313.11 Cr211.14 Cr
Current Liabilities -140.15 Cr269.91 Cr243.97 Cr175.47 Cr
Long Term Debt -0040.20 Cr1.41 Cr
Total Debt -6.75 Cr6.03 Cr77.70 Cr18.52 Cr
Total Equity -316.17 Cr448.63 Cr1,700.69 Cr1,889.06 Cr
Shares Outstanding -7.95 Cr8.40 Cr9.03 Cr9.03 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -116.36 Cr13.42 Cr31.03 Cr244.60 Cr
Investing Cash Flow --3.69 Cr-85.24 Cr-1,000.42 Cr-161.50 Cr
Financing Cash Flow --21.88 Cr-3.30 Cr1,006.83 Cr-78.32 Cr
Capital Expenditure --13.15 Cr-30.14 Cr-32.30 Cr-61.82 Cr
Free Cash Flow -103.21 Cr-16.72 Cr-1.27 Cr182.78 Cr
Net Change in Cash -90.79 Cr-75.12 Cr37.45 Cr4.78 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -69.7%70.7%60.5%69.3%
Operating Margin % -30.4%39.7%36.8%32.4%
Net Margin % -19.5%29.1%28.8%28.1%
ROE % -13.5%28.5%16.5%10.2%
ROCE % -20.0%36.3%19.8%11.2%

Shareholding Pattern

Insiders
49.92%
Institutions
10.57%
Public Float
21.11%

Analyst View

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