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Zen Technologies Limited

Zen Technologies Limited

NSE: ZENTEC
Aerospace & DefenseIndustrialsMID CAPMCap ₹14.89k Cr
₹1,655.60₹-39.40 (-2.32%)

Market Closed • NSE

Market cap₹14.89k Cr
Enterprise value₹14.96k Cr
P/E TTM82.61
Forward P/E31.61
P/B7.88
EPS TTM₹20.04
Forward EPS₹52.38
ROCE16.20%
D/E0.95
Dividend yield0.00%
Face value₹1.00
52W high₹2,043.70
52W low₹1,223.00
Price chart(1Y)
1Y Return:-7.70% (₹138.20)
H: ₹2,043.7L: ₹1,479.2
1W+2.83%
1M-1.55%
3M-8.97%
6M-3.81%
1Y+20.27%
Today at a glance

Day range

₹1,641.50₹1,698.00

52 week range

₹1,223.00₹2,043.70
Volume191.8K0.77x 20D avg
Free float50.00%-22.90% volume

Zen Technologies Limited closed at INR1655.60 (-2.32%) on volume 0.77x its 20-day average, trading 18.99% below its 52-week high.

Technical analysis
RSI (14)49.7Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹60.54High
SMA 20₹1,629.62BULLISH
SMA 50₹1,736.85BEARISH
SMA 100₹1,756.25BEARISH
SMA 200₹1,600.21BULLISH
CPR bottom₹1,664.20
Pivot₹1,674.47
CPR top₹1,684.73
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -31.9% QoQ

2026-08-21

DIVIDEND Announced

Dividend - Re 1 Per Share

2025-08-14

DIVIDEND Announced

Dividend - Rs 2 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹18.5 Cr₹14.89k Cr0.12%≤ 33%PASS
Non-halal income ratio–₹687.7 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹2.08k Cr₹2.16k Cr96.35%≥ 20%PASS
Receivables ratio–₹2.16k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E82.6128.10
Forward P/E31.61—
P/B7.883.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield1.203.60
Growth & profitability
RevenuePAT
FY24PAT margin 29.50%
FY25PAT margin 30.70%
FY26PAT margin 31.70%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-11.00%
Revenue CAGR 5Y+9.30%
PAT CAGR 3Y-13.50%
PAT CAGR 5Y+8.60%
Operating margin21.79%
Net margin26.85%
Financial health & cash flow
Net debt–Moderate
Interest coverage21.70xEBIT / interest
CFO / PAT0.75x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹244.6 Cr
Capital expenditure–
Free cash flow₹182.8 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall65/100
Valuation35/100
Profitability80/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 16.2%

Risks

Stretched Valuation: Trading at a high P/E multiple of 82.6x

Bull case

Market Leadership: Established operational scale in Aerospace & Defense.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
16.05%Institutional holding
35.04%Public holding
5Periods available
0.00%Promoter pledged
3.14LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
21 Aug 2026Dividend₹1.00 / share—21 Aug 2026
15 Aug 2025Dividend₹2.00 / share—14 Aug 2025
06 Sept 2024Dividend₹1.00 / share—06 Sept 2024
08 Sept 2023Dividend₹0.20 / share—08 Sept 2023
—Annual General MeetingAnnual General Meeting—08 Sept 2023
22 Sept 2022Dividend₹0.10 / share—21 Sept 2022
20 Aug 2021Dividend₹0.10 / share—18 Aug 2021
11 Sept 2020Dividend₹0.40 / share—10 Sept 2020
13 Sept 2019Dividend₹0.30 / share—12 Sept 2019
—Dividend₹0.10 / share—19 Sept 2018
—Dividend₹0.15 / share—19 Sept 2017
—Dividend₹0.10 / share—15 Sept 2016
—Dividend₹0.35 / share—18 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)39.71%+0.79% latest vs average
Highest delivery48.11%on 30 Sept
Average volume (20D)248.8KTrading-session average
Conviction trendStrengthening+0.79% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Zen Technologies Limited
Zen Technologies Limited

Zen Technologies Limited was incorporated in 1996. The company designs develop and manufacture combat training solutions and Counter-drone solutions for defense and security forces. It is actively involved in the indigenization of technologies, which are beneficial to Indian armed forces, state police forces, and paramilitary forces. Zen Technologies is headquartered in Hyderabad, India with offices in India, UAE, and the USA. [1] [2] [3]

IndiaIndustrials

Questions investors ask
Is Zen Technologies Limited Shariah compliant?

Zen Technologies Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.12%) complies with AAOIFI threshold (≤ 33%).

What is Zen Technologies Limited's current valuation relative to peers?

Zen Technologies Limited trades at a P/E of 82.6x compared to the sector median of 28.1x, and a Price-to-Book of 7.9x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.95x. Interest coverage is 21.7x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 9.3% while net profit growth averaged 8.6%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.