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Zen Technologies LimitedBSE:533339 Stock Report

Market Cap ₹158.2b
Share Price
₹1.75k
₹1.73k
1.5% overvalued intrinsic discount
1Y-13.0%
7D8.2%
1D
Portfolio Value
View

Zen Technologies Limited

BSE:533339 Stock Report

Market Cap: ₹158.2b

Zen Technologies (533339) Stock Overview

Engages in the design, development, manufacture, and sale of training simulators in India and internationally. More details

533339 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth6/6
Past Performance2/6
Financial Health6/6
Dividends0/6

Rewards

Risk Analysis

No risks detected for 533339 from our risk checks.

533339 Community Fair Values

Create Narrative

See what 31 others think this stock is worth. Follow their fair value or set your own to get alerts.

Zen Technologies Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Zen Technologies
Historical stock prices
Current Share Price₹1,752.25
52 Week High₹2,105.60
52 Week Low₹1,224.00
Beta0.033
1 Month Change7.83%
3 Month Change21.97%
1 Year Change-13.02%
3 Year Change310.36%
5 Year Change1,938.69%
Change since IPO122,008.01%

Recent News & Updates

Narrative Update Jun 05

533339: Counter Drone Systems And Defence Licence Will Shape Balanced Future Outlook

The analyst price target for Zen Technologies has changed from ₹1,654 to about ₹1,727 as analysts factor in updated assumptions for revenue growth, profit margins, discount rate and future P/E expectations. What's in the News Zen Technologies launched what it describes as India’s first modular, AI-powered counter-drone system at the North Tech Symposium 2026 in Prayagraj, showcasing wideband coverage from 70 MHz to 12 GHz, a detection range of more than 15 km, and the ability to track more than 100 drones simultaneously.

Recent updates

Narrative Update Jun 05

533339: Counter Drone Systems And Defence Licence Will Shape Balanced Future Outlook

The analyst price target for Zen Technologies has changed from ₹1,654 to about ₹1,727 as analysts factor in updated assumptions for revenue growth, profit margins, discount rate and future P/E expectations. What's in the News Zen Technologies launched what it describes as India’s first modular, AI-powered counter-drone system at the North Tech Symposium 2026 in Prayagraj, showcasing wideband coverage from 70 MHz to 12 GHz, a detection range of more than 15 km, and the ability to track more than 100 drones simultaneously.
Narrative Update Apr 23

533339: Defence Licence And Leadership Changes Will Shape Balanced Future Outlook

Analysts have kept their price target for Zen Technologies steady at ₹1,654, reflecting largely unchanged views on fair value as only minor tweaks were made to assumptions around discount rate, revenue growth, profit margin and future P/E. What's in the News Zen Technologies received an arms manufacturing licence from the Government of India under the Arms Act, 1959, covering 12.7mm, 23mm, 30mm and 40mm cannons used in air defence, naval operations and Counter Unmanned Aircraft System roles (Key Developments).
Narrative Update Apr 08

533339: Defence Orders And New Leadership Will Drive Future Upside

Analysts have maintained their price target on Zen Technologies at ₹1,654, citing updated assumptions that now reflect higher expected revenue growth and a slightly lower P/E multiple, along with modestly adjusted discount rate and profit margin inputs. What's in the News Received orders totaling ₹4,040 million (including GST) from the Ministry of Defence, Government of India, covering Anti-Drone Systems / Counter Unmanned Aerial Systems (C-UAS) worth ₹3,320 million and Training Simulators and Equipment worth ₹720 million, with execution scheduled within a year (company announcement).
Narrative Update Mar 25

533339: Defence Orders Will Drive Future Upside Over The Next Year

Analysts have maintained their fair value estimate for Zen Technologies at ₹1,654, with only minor tweaks to discount rate, growth, margin and future P/E assumptions, so the price target itself remains unchanged. What's in the News Company has received orders aggregating to ₹4,040 million (including GST) from the Ministry of Defence, Government of India, covering Anti Drone Systems / Counter Unmanned Aerial Systems (C UAS) and Training Simulators and Equipment, with execution expected within a year (company announcement).
Narrative Update Mar 10

533339: Defence Orders And Patent Strength Will Drive Future Upside

Analysts have maintained their fair value estimate for Zen Technologies at ₹1,654, making only slight adjustments to assumptions around discount rate, revenue growth, profit margin and future P/E, which together support this reaffirmed price target. What's in the News Zen Technologies received orders aggregating to ₹4,040 million (including GST) from the Ministry of Defence, Government of India, covering Anti Drone Systems / Counter Unmanned Aerial Systems and training simulators and equipment, with execution scheduled within a year (client announcement).
Narrative Update Feb 22

533339: Defence Orders And Training Patents Will Support Future Upside

Analysts have held Zen Technologies' fair value estimate steady at ₹1,654, while slightly revising assumptions such as the future P/E to 35.06x. This reflects minor tweaks to growth, margin and discount rate inputs rather than a change in overall conviction.
Narrative Update Feb 08

533339: Defence Orders And Growing Patent Portfolio Will Drive Future Upside

Narrative Update on Zen Technologies Analysts have maintained their fair value estimate for Zen Technologies at ₹1,654, incorporating updated assumptions that reflect slightly different views on the discount rate, revenue growth, profit margin and future P/E. What's in the News Appointed Hari Haran Chalat as Chief Financial Officer, effective January 31, 2026, after serving as Senior General Manager overseeing finance, accounting, acquisitions and post merger integration at Zen Technologies (company announcement).
Narrative Update Jan 24

533339: Defence Contracts And New Patents Will Drive Future Upside

Analysts have nudged their fair value estimate for Zen Technologies slightly higher from ₹1,642.80 to ₹1,654.00, reflecting modest tweaks in the discount rate and future P/E assumptions, rather than any major shift in the underlying growth or margin view. What's in the News A board meeting is scheduled on Jan 31, 2026 to consider and approve standalone and consolidated unaudited financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update Jan 09

533339: Defence Contracts For Training And Anti Drone Systems Will Drive Upside

Analysts have kept their fair value estimate for Zen Technologies steady at ₹1,642.80 per share, with only minor tweaks to assumptions such as the discount rate and future P/E multiple. This reflects largely unchanged expectations around growth and profitability.
Narrative Update Dec 24

533339: Defence Contracts And Simulator Expansion Will Drive Future Upside Potential

Analysts have modestly raised their price target on Zen Technologies to ₹1,642.80, reflecting slightly higher discount rate and future P/E assumptions while keeping core growth and margin expectations largely unchanged. What's in the News Awarded an INR 1,200 million contract from the Ministry of Defence to set up India's first Combat Training Node at the Infantry School in Mhow, featuring 60 plus simulators and Live Virtual Constructive training capabilities (client announcement) Received another INR 1,200 million order from the Ministry of Defence for a Comprehensive Training Node comprising a suite of training simulators and equipment, to be executed within a year (client announcement) Won an INR 1,080 million contract for tank crew gunnery training simulators, viewed as the first phase of a much larger simulation rollout under the Ministry of Defence Simulation Framework (client announcement) Secured two contracts totaling INR 2,890 million for upgrading its indigenously developed Anti Drone Systems, incorporating frontline operational feedback and reinforcing the strategic push toward IDDM solutions (client announcement) Board to consider investing up to INR 70 million for a 76 percent stake in Anawave Systems and Solutions Private Limited at the November 5, 2025 meeting (board meeting) Valuation Changes Fair Value: unchanged at ₹1,642.8 per share, indicating no revision to the intrinsic value estimate.
Narrative Update Dec 10

533339: Defence Orders Will Drive Future Upside Potential

Analysts have nudged their price target on Zen Technologies slightly higher to ₹1,642.80. This reflects marginally increased confidence in the company’s long term profit margins and valuation multiples, despite largely unchanged growth assumptions.
Narrative Update Nov 26

533339: Major Defence Orders Will Drive Momentum Following INR 2,890 Million Contracts

Analysts have raised their price target for Zen Technologies, increasing it from ₹1,642.8 to ₹1,642.8. They cite slightly lower discount rates and improved earnings forecasts as key factors in their reassessment. What's in the News Zen Technologies has been awarded two major contracts from the Ministry of Defence, Government of India, totaling INR 2,890 million.
Narrative Update Nov 11

533339: Major Defence Orders Are Expected To Drive Positive Momentum Ahead

Analysts have revised their fair value estimate for Zen Technologies downward from ₹1,752.80 to ₹1,642.80. This change is based on adjustments to their discount rate assumptions and updated market outlooks.
Narrative Update Oct 28

Government Deals And AI Adoption Will Drive Defense Sector Developments

Analysts have revised their price target for Zen Technologies downward from ₹1,833.20 to ₹1,752.80. They cite adjustments in profit margin estimates and a slightly higher discount rate as key factors in the updated valuation.
Narrative Update Aug 22

Government Orders And AI Integration Will Redefine Defense Capabilities

The consensus analyst price target for Zen Technologies has been raised to ₹1833, primarily reflecting a substantial upgrade in forecast revenue growth and a notable decline in the expected future P/E multiple. What's in the News Appointed Ms Sirisha Chintapalli as additional director (Non-Executive Independent Director).
User avatar
New Narrative Feb 20

Developing Anti-Drone Systems And US Expansion Will Capture Future Market Share

Strategic acquisitions and R&D in high-tech defense innovations are set to enhance revenue and profit margins through product diversification and market share gains.

Shareholder Returns

533339IN Aerospace & DefenseIN Market
7D8.2%-0.5%-0.8%
1Y-13.0%-10.4%-2.9%

Return vs Industry: 533339 underperformed the Indian Aerospace & Defense industry which returned -10.4% over the past year.

Return vs Market: 533339 underperformed the Indian Market which returned -2.9% over the past year.

Price Volatility

Is 533339's price volatile compared to industry and market?
533339 volatility
533339 Average Weekly Movement6.6%
Aerospace & Defense Industry Average Movement7.8%
Market Average Movement7.2%
10% most volatile stocks in IN Market10.2%
10% least volatile stocks in IN Market4.8%

Stable Share Price: 533339 has not had significant price volatility in the past 3 months compared to the Indian market.

Volatility Over Time: 533339's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993395Ashok Atluriwww.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 Fundamentals Summary

How do Zen Technologies's earnings and revenue compare to its market cap?
533339 fundamental statistics
Market cap₹158.21b
Earnings (TTM)₹1.93b
Revenue (TTM)₹6.88b
81.8x
P/E Ratio
23.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
533339 income statement (TTM)
Revenue₹6.88b
Cost of Revenue₹2.11b
Gross Profit₹4.77b
Other Expenses₹2.83b
Earnings₹1.93b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)21.43
Gross Margin69.35%
Net Profit Margin28.13%
Debt/Equity Ratio0.2%

How did 533339 perform over the long term?

See historical performance and comparison

Dividends

0.06%
Current Dividend Yield
5%
Payout Ratio

Does 533339 pay a reliable dividends?

See 533339 dividend history and benchmarks
When do you need to buy 533339 by to receive an upcoming dividend?
Zen Technologies dividend dates
Ex Dividend DateAug 21 2026
Dividend Pay DateSep 28 2026
Days until Ex dividend73 days
Days until Dividend pay date111 days

Does 533339 pay a reliable dividends?

See 533339 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/08 01:20
End of Day Share Price 2026/06/08 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Zen Technologies Limited is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAntique Stockbroking Ltd.
Vaishali Kumar ParkarBOB Capital Markets Ltd.
Ravi Kumar PuttaChoice Equity Broking Private Limited