Ankündigung • Jul 18
Zen Technologies Limited to Report Q1, 2027 Results on Jul 25, 2026 Zen Technologies Limited announced that they will report Q1, 2027 results at 12:15 PM, Indian Standard Time on Jul 25, 2026 Reported Earnings • May 05
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: ₹21.52 (down from ₹32.07 in FY 2025). Revenue: ₹7.73b (down 21% from FY 2025). Net income: ₹1.93b (down 31% from FY 2025). Profit margin: 25% (down from 29% in FY 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 04
Zen Technologies Limited, Annual General Meeting, Aug 29, 2026 Zen Technologies Limited, Annual General Meeting, Aug 29, 2026. Declared Dividend • May 03
Dividend reduced to ₹1.00 Dividend of ₹1.00 is 50% lower than last year. Ex-date: 21st August 2026 Payment date: 28th September 2026 Dividend yield will be 0.06%, which is lower than the industry average of 0.9%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 241%. Ankündigung • May 02
Zen Technologies Limited announces Annual dividend, payable on September 28, 2026 Zen Technologies Limited announced Annual dividend of INR 1.0000 per share payable on September 28, 2026, ex-date on August 21, 2026 and record date on August 21, 2026. Ankündigung • Apr 24
Zen Technologies Limited to Report Q4, 2026 Results on May 01, 2026 Zen Technologies Limited announced that they will report Q4, 2026 results on May 01, 2026 Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,762, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 45x in the Aerospace & Defense industry in India. Total returns to shareholders of 501% over the past three years. Reported Earnings • Feb 01
Third quarter 2026 earnings released: EPS: ₹6.09 (vs ₹4.42 in 3Q 2025) Third quarter 2026 results: EPS: ₹6.09 (up from ₹4.42 in 3Q 2025). Revenue: ₹1.93b (up 27% from 3Q 2025). Net income: ₹547.7m (up 38% from 3Q 2025). Profit margin: 28% (up from 26% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jan 24
Zen Technologies Limited to Report Q3, 2026 Results on Jan 31, 2026 Zen Technologies Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Jan 31, 2026 Price Target Changed • Nov 04
Price target decreased by 9.4% to ₹1,643 Down from ₹1,813, the current price target is an average from 5 analysts. New target price is 17% above last closing price of ₹1,407. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₹28.70 for next year compared to ₹32.07 last year. Reported Earnings • Oct 26
Second quarter 2026 earnings released: EPS: ₹6.61 (vs ₹7.27 in 2Q 2025) Second quarter 2026 results: EPS: ₹6.61 (down from ₹7.27 in 2Q 2025). Revenue: ₹1.74b (down 28% from 2Q 2025). Net income: ₹594.0m (down 5.2% from 2Q 2025). Profit margin: 34% (up from 26% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 18
Zen Technologies Limited to Report Q2, 2026 Results on Oct 25, 2025 Zen Technologies Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Oct 25, 2025 Upcoming Dividend • Aug 07
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 14 August 2025. Payment date: 22 September 2025. Payout ratio is a comfortable 7.1% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.8%). Price Target Changed • Jul 30
Price target decreased by 19% to ₹1,717 Down from ₹2,110, the current price target is an average from 3 analysts. New target price is 13% above last closing price of ₹1,526. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₹28.50 for next year compared to ₹32.07 last year. Reported Earnings • Jul 27
First quarter 2026 earnings released: EPS: ₹5.31 (vs ₹9.19 in 1Q 2025) First quarter 2026 results: EPS: ₹5.31 (down from ₹9.19 in 1Q 2025). Revenue: ₹1.80b (down 29% from 1Q 2025). Net income: ₹477.5m (down 38% from 1Q 2025). Profit margin: 27% (down from 30% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jul 18
Zen Technologies Limited to Report Q1, 2026 Results on Jul 26, 2025 Zen Technologies Limited announced that they will report Q1, 2026 results at 3:30 PM, Indian Standard Time on Jul 26, 2025 Ankündigung • Jul 02
Zen Technologies Limited (BSE:533339) completed the acquisition of 54.67% stake in TISA Aerospace Private Limited from its existing shareholder. Zen Technologies Limited (BSE:533339) agreed to acquire 54.67% stake in TISA Aerospace Private Limited from its existing shareholder for INR 65.6 million on June 21, 2025. A cash consideration will be paid by Zen Technologies Limited for the acquisition of 0.4 million 6% compulsory convertible debentures and acquisition of 0.21 million equity shares of TISA Aerospace Private Limited aggregating to INR 65.6 million. Upon completion of the Proposed Transaction, TISA Aerospace Private Limited will become subsidiary of the Zen Technologies Limited.
For the period ending March 31, 2025, TISA Aerospace Private Limited reported total revenue of INR 18.1 million.
The acquisition of the shares and the compulsory convertible debentures are expected to be completed by Q2 of FY 2025- 26, subject to completion of customary closing formalities. Board of Directors of the Zen Technologies at its meeting held on June 21, 2025 has inter-alia approved the transaction.
Zen Technologies Limited (BSE:533339) completed the acquisition of 54.67% stake in TISA Aerospace Private Limited from its existing shareholder on July 1, 2025.
Zen Technologies Limited also completed the acquisition of 0.4 million 6% compulsory convertible debentures. Further the board of directors of TISA Aerospace Private Limited approved the allotment of 0.34 equity shares to Zen Technologies Limited upon conversion of aforesaid compulsory convertible debentures acquired by the Zen Technologies Limited. Price Target Changed • May 20
Price target increased by 15% to ₹2,077 Up from ₹1,807, the current price target is an average from 3 analysts. New target price is 9.2% above last closing price of ₹1,901. Stock is up 97% over the past year. The company is forecast to post earnings per share of ₹38.45 for next year compared to ₹32.07 last year. Ankündigung • May 20
Zen Technologies Limited announces Annual dividend, payable on September 22, 2025 Zen Technologies Limited announced Annual dividend of INR 2.0000 per share payable on September 22, 2025, ex-date on August 14, 2025 and record date on August 15, 2025. Ankündigung • May 19
Zen Technologies Limited, Annual General Meeting, Aug 23, 2025 Zen Technologies Limited, Annual General Meeting, Aug 23, 2025. Reported Earnings • May 18
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹32.07 (up from ₹15.45 in FY 2024). Revenue: ₹10.3b (up 135% from FY 2024). Net income: ₹2.80b (up 119% from FY 2024). Profit margin: 27% (down from 29% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has increased by 119% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,628, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 45x in the Aerospace & Defense industry in India. Total returns to shareholders of 850% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,638 per share. Ankündigung • May 11
Zen Technologies Limited to Report Q4, 2025 Results on May 17, 2025 Zen Technologies Limited announced that they will report Q4, 2025 results at 3:30 PM, Indian Standard Time on May 17, 2025 Buy Or Sell Opportunity • Apr 08
Now 23% overvalued Over the last 90 days, the stock has fallen 42% to ₹1,429. The fair value is estimated to be ₹1,166, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 74% over the last 3 years. Earnings per share has grown by 89%. Revenue is forecast to grow by 135% in 2 years. Earnings are forecast to grow by 131% in the next 2 years. Ankündigung • Apr 01
Zen Technologies Limited Announces Cessation of Ravindra Kumar Tyagi as an Independent Director, Effective April 1, 2025 Zen Technologies Limited informed that the second consecutive term of Dr. Ravindra Kumar Tyagi as an Independent Director was completed on March 31, 2025 and consequently he ceased to be an Independent Director of the Company with effect from April 1, 2025. The Board of Directors and the Management of the Company placed on record their appreciation for the valuable contributions and guidance provided by Dr. Ravindra Kumar Tyagi during his association with the Company. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,422, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 38x in the Aerospace & Defense industry in India. Total returns to shareholders of 598% over the past three years. Buy Or Sell Opportunity • Mar 21
Now 30% overvalued Over the last 90 days, the stock has fallen 43% to ₹1,422. The fair value is estimated to be ₹1,092, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 74% over the last 3 years. Earnings per share has grown by 89%. Revenue is forecast to grow by 135% in 2 years. Earnings are forecast to grow by 131% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹1,255, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 33x in the Aerospace & Defense industry in India. Total returns to shareholders of 505% over the past three years. Ankündigung • Feb 26
Zen Technologies Limited (BSE:533339) acquired an unknown stake in Vector Technics Private Limited. Zen Technologies Limited (BSE:533339) entered into a share purchase agreement to acquire an unknown stake in Vector Technics Private Limited on February 14, 2025. Zen Technologies Limited has signed the share subscription and shareholders agreement and share purchase agreement to acquire 51% of equity share capital of Vector Technics Private Limited for INR 250 million in cash. Upon completion of the transactions, Zen Technologies Limited will hold 51% stake in Vector Technics Private Limited
For the period ending March 31, 2024, Vector Technics Private Limited reported total revenue of INR 13.18 million.
The Board of Directors of Zen Technologies Limited approved the transaction at its meeting held on February 14, 2025. The transaction is expected to be completed by the end of FY2025, subject to regulatory approvals.
Zen Technologies Limited (BSE:533339) completed the acquisition of an unknown stake in Vector Technics Private Limited on February 25, 2025. Reported Earnings • Feb 20
Third quarter 2025 earnings released: EPS: ₹4.42 (vs ₹3.67 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.42 (up from ₹3.67 in 3Q 2024). Revenue: ₹1.52b (up 53% from 3Q 2024). Net income: ₹397.2m (up 30% from 3Q 2024). Profit margin: 26% (down from 31% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 81% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 19
Now 31% overvalued Over the last 90 days, the stock has fallen 40% to ₹1,069. The fair value is estimated to be ₹816, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 76% over the last 3 years. Earnings per share has grown by 97%. Revenue is forecast to grow by 129% in 2 years. Earnings are forecast to grow by 119% in the next 2 years. Price Target Changed • Feb 18
Price target decreased by 23% to ₹1,923 Down from ₹2,495, the current price target is an average from 3 analysts. New target price is 98% above last closing price of ₹972. Stock is up 19% over the past year. The company is forecast to post earnings per share of ₹29.40 for next year compared to ₹15.45 last year. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹1,350, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 39x in the Electronic industry in India. Total returns to shareholders of 557% over the past three years. Ankündigung • Feb 07
Zen Technologies Limited to Report Q3, 2025 Results on Feb 14, 2025 Zen Technologies Limited announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Feb 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (106% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Ankündigung • Jan 27
Zen Technologies Limited Secures Patent for Its Basic Gunnery Training Simulator Designed for the T-90 Tank Zen Technologies Limited announced the grant of an Indian patent for its 'Basic Gunnery Training Simulator' designed for the T-90 tank on 24th January 2025. This marks the 12th patent secured by Zen Technologies in the financial year 2024-25, solidifying its position as a leader in advanced military training technologies. The patented product is a training platform developed to enhance the technical and operational skills of a tank gunner. It replicates real-world battlefield conditions with features such as target acquisition, ammunition selection, and firing simulations. The system's advanced motion platform realistically mimics pitch, roll, and surge dynamics, offering an immersive experience for trainees. The containerized design ensures easy deployment, enabling training in diverse environments with minimal logistical challenges. While designed to address the training needs of the T-90 Tank crew gunner, the simulator can be easily reconfigured to serve the training needs of the crew gunner of any MBT in the World, making it suitable for global defence markets. With its cost-effective, indigenously developed approach, the simulator aligns with India's Self-Reliance Mission, while its advanced features and customizable modules make it a compelling alternative to global counterparts. Targeted at new recruits, experienced personnel, and defence training academies, the system's realistic replication of the T-90 gunners' sight, Sight picture and faithful replication of the fire control system dynamics, combined with integrated performance evaluation tools, ensures effective training outcomes at both, basic and advanced, levels. It supports individual and team-based exercises, fostering operational readiness at every level. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹1,743, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 46x in the Electronic industry in India. Total returns to shareholders of 773% over the past three years. Ankündigung • Jan 09
Zen Technologies Limited Announces Grant of Its Indian Patent for the T-72 Containerized Crew Gunnery Simulator System Zen Technologies Limited announced the Grant of its Indian Patent for the "T-72 Containerized Crew Gunnery Simulator System" on January 8, 2025. This Patent is the Company's 11th Patent awarded in the financial year 2024-25, further cementing its leadership in cutting-edge military training technologies. The T-72 Containerized Crew Gunning Simulator System (T-72 CGS) is an advanced training platform designed to enhance the gunnery skills of T-72 tank commanders and gunners. This system provides an immersive and interactive experience, replicating battlefield conditions and operational tasks to ensure realistic and effective training. By simulating critical operations like target acquisition, ammunition selection, and firing, the T-72 CGS prepares personnel for real-world combat scenarios. A key highlight of the T-72 CGS is its containerized design, allowing for rapid deployment and cost-effective, localized training solutions. The system incorporates innovative features like a motion platform to simulate battlefield dynamics and highly customizable training scenarios, supporting both individual proficiency and crew integration exercises. It reflects the Company's commitment to self-reliance and indigenization, aligning with India's vision to further strengthen its defense manufacturing capabilities. Price Target Changed • Nov 16
Price target increased by 14% to ₹2,312 Up from ₹2,033, the current price target is an average from 3 analysts. New target price is 31% above last closing price of ₹1,767. Stock is up 145% over the past year. The company is forecast to post earnings per share of ₹29.40 for next year compared to ₹15.45 last year. Reported Earnings • Nov 04
Second quarter 2025 earnings released: EPS: ₹7.27 (vs ₹1.83 in 2Q 2024) Second quarter 2025 results: EPS: ₹7.27 (up from ₹1.83 in 2Q 2024). Revenue: ₹2.50b (up 276% from 2Q 2024). Net income: ₹626.7m (up 310% from 2Q 2024). Profit margin: 25% (up from 23% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has increased by 107% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 27
Zen Technologies Limited to Report Q2, 2025 Results on Nov 02, 2024 Zen Technologies Limited announced that they will report Q2, 2025 results at 3:30 PM, Indian Standard Time on Nov 02, 2024 Price Target Changed • Oct 07
Price target increased by 7.7% to ₹2,033 Up from ₹1,888, the current price target is an average from 3 analysts. New target price is 25% above last closing price of ₹1,628. Stock is up 129% over the past year. The company is forecast to post earnings per share of ₹29.40 for next year compared to ₹15.45 last year. Ankündigung • Sep 24
Zen Technologies Limited Announces Resignation of Raghavendra Prasad Movva as Company Secretary and Compliance Officer Zen Technologies Limited announced that Mr. Raghavendra Prasad Movva, Company Secretary and Compliance Officer of the Company tendered his resignation from the position as such and he would be relieved from the services effective from closure of business hours on September 24, 2024 because of his personal reasons. Ankündigung • Aug 26
Zen Technologies Limited, Annual General Meeting, Sep 14, 2024 Zen Technologies Limited, Annual General Meeting, Sep 14, 2024, at 11:00 Indian Standard Time. Declared Dividend • Aug 26
Dividend of announced Shareholders will receive a dividend of . New Risk • Aug 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Ankündigung • Aug 23
Zen Technologies Limited has filed a Follow-on Equity Offering. Zen Technologies Limited has filed a Follow-on Equity Offering.
Security Name: Equity Shares
Security Type: Common Stock
Price(minimum): INR 1685.18
Transaction Features: Regulation S; Subsequent Direct Listing Reported Earnings • Jul 29
First quarter 2025 earnings released: EPS: ₹9.19 (vs ₹5.81 in 1Q 2024) First quarter 2025 results: EPS: ₹9.19 (up from ₹5.81 in 1Q 2024). Revenue: ₹2.58b (up 95% from 1Q 2024). Net income: ₹768.1m (up 63% from 1Q 2024). Profit margin: 30% (down from 36% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has increased by 158% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jul 22
Zen Technologies Limited to Report Q1, 2025 Results on Jul 28, 2024 Zen Technologies Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Jul 28, 2024 Ankündigung • Jul 15
Zen Technologies Limited in Collaboration with AI Turing Technologies Launches Four New Products Zen Technologies, in collaboration with its subsidiary AI Turing Technologies launched four new products on July 15, 2024. These IP-owned innovations - Hawkeye, Barbarik-URCWS (Ultralight Remote Control Weapon Station), Prahasta, and Sthir Stab 640 - cater to a wide range of defence requirements, empowering forces with unmatched tactical superiority and enhanced operational efficiency. Hawkeye (zen.in/hawkeye) epitomizes a state-of-the-art anti-drone system camera, featuring multiple sensor detection modules for all-weather drone tracking up to 15 km. It ensures continuous threat detection and enhanced security. Barbarik - URCWS (zen.in/urcws) is the world's lightest remote-controlled weapon station, offering precise targeting capabilities (5.56mm to 7.62mm calibers) for ground vehicles and naval vessels, maximizing battlefield effectiveness while minimizing personnel risk. The URCWS has undergone recent firing trials at Infantry School Mhow and Armoured School Ahmednagar and performed well. Prahasta (zen.in/prahasta) is a revolutionary automated quadruped that uses LIDAR and reinforcement learning to understand and create real-time 3D terrain mapping for unparalleled mission planning, navigation, and threat assessment. The quadruped can be armed with various caliber weapons such as 9mm, 5.56mm, and 7.62mm. The quadruped can be used as the first line of defence for commandos during CI operations like 26/11, thereby saving lives. Sthir Stab 640 (zen.in/sthirstab640) is a rugged stabilized sight designed mainly for armoured vehicles, ICVs, and boats. The sight encompasses an intelligent fiber optic gyro-stabilized system and delivers exceptional situational awareness with automatic search and tracking capabilities. The sight can be used in different weapon mounts such as 7.62mm, 12.7mm, 20mm, and 30mm. Zen Technologies' commitment to self-reliance extends beyond product development. The company boasts a dedicated R&D facility recognized by the Ministry of Science and Technology, Government of India. New Risk • Jul 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (60% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,121, the stock trades at a trailing P/E ratio of 73.5x. Average trailing P/E is 41x in the Electronic industry in India. Total returns to shareholders of 1,272% over the past three years. Ankündigung • May 06
Zen Technologies Limited Proposes Final Dividend for the Year Ended March 31, 2024 Zen Technologies Limited proposed a final dividend on equity shares at the rate of 100% i.e. INR 1 per equity share of INR 1 each for the financial year ended March 31, 2024. The above-mentioned dividend, if approved by the shareholders in the upcoming annual general meeting, shall be paid within 30 days of such approval. Reported Earnings • May 05
Full year 2024 earnings released: EPS: ₹15.45 (vs ₹5.39 in FY 2023) Full year 2024 results: EPS: ₹15.45 (up from ₹5.39 in FY 2023). Revenue: ₹4.55b (up 108% from FY 2023). Net income: ₹1.28b (up 199% from FY 2023). Profit margin: 28% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has increased by 146% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Apr 29
Zen Technologies Limited to Report Q4, 2024 Results on May 04, 2024 Zen Technologies Limited announced that they will report Q4, 2024 results on May 04, 2024 Recent Insider Transactions • Mar 29
Board Member recently bought ₹896k worth of stock On the 22nd of March, Sanjay Vijay Jesrani bought around 1k shares on-market at roughly ₹896 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹15m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹955, the stock trades at a trailing P/E ratio of 70.8x. Average trailing P/E is 55x in the Electronic industry in India. Total returns to shareholders of 1,030% over the past three years. Ankündigung • Feb 26
Zen Technologies Limited (BSE:533339) agreed to acquire 51% stake in AiTuring Technologies Private Limited for INR 38.7 million. Zen Technologies Limited (BSE:533339) agreed to acquire 51% stake in AiTuring Technologies Private Limited for INR 38.7 million on February 24, 2024. AiTuring will become a subsidiary of Zen upon acquisition. The board of Zen Technologies approved the transaction. The transaction is expected to close within 6 months. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹849, the stock trades at a trailing P/E ratio of 63.6x. Average trailing P/E is 56x in the Electronic industry in India. Total returns to shareholders of 852% over the past three years. Reported Earnings • Jan 28
Third quarter 2024 earnings released: EPS: ₹3.67 (vs ₹1.19 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.67 (up from ₹1.19 in 3Q 2023). Revenue: ₹1.04b (up 98% from 3Q 2023). Net income: ₹305.8m (up 224% from 3Q 2023). Profit margin: 30% (up from 18% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year whereas the company’s share price has increased by 101% per year. Ankündigung • Jan 28
Zen Technologies Limited Approves the Appointment of Sanjay Vijay Singh Jesrani as Non-Executive and Independent Additional Director Zen Technologies Limited announced that the Board of directors of the Company at its meeting held January 27, 2024 approved the appointment of Mr. Sanjay Vijay Singh Jesrani as Additional Director on the Board of the Company with effect from January 27, 2024, under the category of Non-executive and Independent, based on the recommendation of the Nomination and Remuneration Committee. This appointment is in-line with the Regulation 17 of the Listing Regulations and to maintain the optimum combination of executive and nonexecutive directors on the Board of the Company. Date of appointment: Effective from January 27, 2024, for a period of 3 years and other terms are as per the appointment letter. Mr. Sanjay Vijay Singh Jesrani holds a Bachelor's degree in Commerce and is a Fellow member of The Institute of Chartered Accountants of India (ICAI) and is the Founder & CEO of Go North Ventures which is a proprietary angel investment firm, focused on investing in & mentoring Startups. He was the CEO and Head of the Global Delivery Center, Hitachi Consulting India and was CFO at Sierra Atlantic, India and he is a TEDx speaker and has covered new perspectives around Startups & Finance for Women and is an active member of the Indian Angel Network, the premier global group of Angel Investors - has investments in startups across the Healthcare, DeepTech, Unmanned Aerial, Sustainability, Impact, Consumer and FinTech sectors. Further, he is a Charter member at TiE, and a member of the Executive Council at the IIIT Hyderabad Foundation and an Independent Director on the Board of a leading Cardiac care focused multi speciality hospital - Unimed Health (Star Hospitals). He also serves as a Board member at the Healing Fields Foundation, an India-based, health-focused NGO committed to empowering women as health agents of change in their communities. Ankündigung • Jan 20
Zen Technologies Limited to Report Q3, 2024 Results on Jan 27, 2024 Zen Technologies Limited announced that they will report Q3, 2024 results on Jan 27, 2024 Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Founder, Joint MD, President & Director Kishore Atluri was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: ₹1.83 (vs ₹0.71 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.83 (up from ₹0.71 in 2Q 2023). Revenue: ₹718.4m (up 115% from 2Q 2023). Net income: ₹152.8m (up 170% from 2Q 2023). Profit margin: 21% (up from 17% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 21
Zen Technologies Limited to Report Q2, 2024 Results on Oct 28, 2023 Zen Technologies Limited announced that they will report Q2, 2024 results on Oct 28, 2023 Recent Insider Transactions • Oct 01
Independent Non-Executive Director recently sold ₹1.2m worth of stock On the 27th of September, Ravindra Tyagi sold around 2k shares on-market at roughly ₹790 per share. This transaction amounted to 66% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹15m more than they bought in the last 12 months. Upcoming Dividend • Sep 01
Upcoming dividend of ₹0.20 per share Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 3.7% and this is well supported by cash flows. The company last paid an ordinary dividend in September 2013. The average dividend yield among industry peers is 0.9%. Ankündigung • Aug 25
Zen Technologies Limited, Annual General Meeting, Sep 16, 2023 Zen Technologies Limited, Annual General Meeting, Sep 16, 2023, at 11:00 Indian Standard Time. Agenda: To approve and adopt the audited standalone and consolidated financial statements of the company for the financial year ended 31 March 2023, and the reports of the Board and Auditors thereon; to declare Dividend on equity shares for the financial year ended 31 March 2023; to re-appointment of a director; and to consider other matters. New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings have declined by 4.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (5.7% increase in shares outstanding). Reported Earnings • Aug 06
First quarter 2024 earnings released: EPS: ₹5.81 (vs ₹0.94 in 1Q 2023) First quarter 2024 results: EPS: ₹5.81 (up from ₹0.94 in 1Q 2023). Revenue: ₹1.35b (up 265% from 1Q 2023). Net income: ₹470.9m (up ₹396.3m from 1Q 2023). Profit margin: 35% (up from 20% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth.