Zen Technologies Ltd.

NSE: ZENTEC · Aerospace & Defense

52W Range₹1,223 ₹2,024

Snapshot

Unlock Zen Technologies Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Zen Technologies Limited designs, develops, and manufactures a comprehensive range of training simulators and anti-drone systems for defense and security forces. The company serves a diverse client base including the military, police, and government departments, as well as civilian infrastructure sectors.

Business Model

The company generates revenue through the sale and maintenance of advanced simulation hardware and software solutions tailored for combat, tactical, and driving training. It operates as a technology-driven defense contractor, focusing on indigenous R&D to provide cost-effective training alternatives to live-fire exercises.

Growth Outlook

Growth is driven by the increasing global emphasis on drone defense and the modernization of military training infrastructure. The company is well-positioned to benefit from the 'Make in India' initiative, which prioritizes domestic procurement for defense requirements.

Key Risks

  • Geopolitical Dependency. The company's revenue is heavily reliant on government defense budgets and procurement policies, which are subject to geopolitical shifts.
  • Technological Obsolescence. Rapid advancements in drone and simulation technology require continuous R&D investment to maintain a competitive edge.
  • Concentration Risk. A significant portion of business is derived from government and para-military contracts, creating exposure to long procurement cycles and payment delays.

Price

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Key Metrics

REVENUE

₹688 Cr

TTM · consolidated

-29.4%YoY

NET PROFIT

₹218 Cr

TTM · consolidated

-27.2%YoY

EPS

₹21.52

TTM · consolidated

-33.0%YoY

RETURN ON EQUITY

12.5%

TTM · consolidated

-26.8 ppYoY

RETURN ON CAPITAL EMPLOYED

16.7%

TTM · consolidated

-34.6 ppYoY

P/E

84.1x

Q4 FY26 · consolidated

84.1 vs 1019.3x5Y avg

EV/EBITDA

48.7x

Q4 FY26 · consolidated

48.7 vs 470.6x5Y avg

EBITDA MARGIN

48.4%

TTM · consolidated

+4.0 ppYoY

NET PROFIT MARGIN

26.5%

Q4 FY26 · consolidated

-8.5 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

-0.03xYoY

Peers · Aerospace & Defense

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Zen Technologies Ltd.ZENTEC
12,43984.0948.69-29.4%48.4%12.5%16.7%-1.3%
Data Patterns (India) Ltd.DATAPATTNS
18,16178.1352.0444.6%43.4%19.0%25.5%+43.2%
MTAR Technologies LimitedMTARTECH
10,856208.11102.6529.6%22.2%12.5%17.6%+313.7%
Astra Microwave Products LimitedASTRAMICRO
8,70084.7346.7310.6%30.3%16.7%24.2%+71.9%
AequsAEQUS
8,3027.0%
Apollo Micro Systems LimitedAPOLLO
7,149121.8365.4060.9%24.8%13.7%22.1%+122.1%

As of Q4 FY26

Financials