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Zen Technologies

NSEI:ZENTEC
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZENTEC
NSEI
₹5B
Market Cap
  1. Home
  2. IN
  3. Tech
Company description

Zen Technologies Limited designs, develops, and manufactures training simulators in India and internationally. The last earnings update was 59 days ago. More info.


Add to Portfolio Compare Print
  • Zen Technologies has significant price volatility in the past 3 months.
ZENTEC Share Price and Events
7 Day Returns
-12.4%
NSEI:ZENTEC
-3.7%
IN Electronic
-0.5%
IN Market
1 Year Returns
-26.4%
NSEI:ZENTEC
-3.1%
IN Electronic
-1.8%
IN Market
ZENTEC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zen Technologies (ZENTEC) -12.4% -16.5% -20.9% -26.4% -20.9% -
IN Electronic -3.7% -8.1% -6.1% -3.1% 45.1% 69%
IN Market -0.5% -2.7% -4.7% -1.8% 22.9% 34.2%
1 Year Return vs Industry and Market
  • ZENTEC underperformed the Electronic industry which returned -3.1% over the past year.
  • ZENTEC underperformed the Market in India which returned -1.8% over the past year.
Price Volatility
ZENTEC
Industry
5yr Volatility vs Market

Value

 Is Zen Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Zen Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Zen Technologies.

NSEI:ZENTEC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 17.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:ZENTEC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.134 (1 + (1- 35%) (8.63%))
1.133
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.133 * 8.6%)
17.29%

Discounted Cash Flow Calculation for NSEI:ZENTEC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zen Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:ZENTEC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.29%)
2020 148.88 Est @ 11.09% 126.94
2021 163.81 Est @ 10.03% 119.08
2022 179.02 Est @ 9.28% 110.95
2023 194.71 Est @ 8.76% 102.88
2024 211.07 Est @ 8.4% 95.08
2025 228.26 Est @ 8.14% 87.67
2026 246.45 Est @ 7.97% 80.70
2027 265.77 Est @ 7.84% 74.20
2028 286.38 Est @ 7.75% 68.16
2029 308.41 Est @ 7.69% 62.59
Present value of next 10 years cash flows ₹928.23
NSEI:ZENTEC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹308.41 × (1 + 7.55%) ÷ (17.29% – 7.55%)
₹3,405.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹3,405.08 ÷ (1 + 17.29%)10
₹690.99
NSEI:ZENTEC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹928.23 + ₹690.99
₹1,619.23
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,619.23 / 77.16
₹20.99
NSEI:ZENTEC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:ZENTEC represents 0.99919x of BSE:533339
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99919x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 20.99 x 0.99919
₹20.97
Value per share (INR) From above. ₹20.97
Current discount Discount to share price of ₹61.60
= -1 x (₹61.60 - ₹20.97) / ₹20.97
-193.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Zen Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Zen Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zen Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:ZENTEC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹1.73
BSE:533339 Share Price ** BSE (2019-07-16) in INR ₹61.65
India Electronic Industry PE Ratio Median Figure of 27 Publicly-Listed Electronic Companies 14.29x
India Market PE Ratio Median Figure of 2,834 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Zen Technologies.

NSEI:ZENTEC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:533339 Share Price ÷ EPS (both in INR)

= 61.65 ÷ 1.73

35.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zen Technologies is overvalued based on earnings compared to the IN Electronic industry average.
  • Zen Technologies is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Zen Technologies's expected growth come at a high price?
Raw Data
NSEI:ZENTEC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9.2%per year
Asia Electronic Industry PEG Ratio Median Figure of 21 Publicly-Listed Electronic Companies 0.81x
India Market PEG Ratio Median Figure of 536 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Zen Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zen Technologies's assets?
Raw Data
NSEI:ZENTEC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹17.50
BSE:533339 Share Price * BSE (2019-07-16) in INR ₹61.65
India Electronic Industry PB Ratio Median Figure of 44 Publicly-Listed Electronic Companies 0.66x
India Market PB Ratio Median Figure of 3,668 Publicly-Listed Companies 0.95x
NSEI:ZENTEC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:533339 Share Price ÷ Book Value per Share (both in INR)

= 61.65 ÷ 17.50

3.52x

* Primary Listing of Zen Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zen Technologies is overvalued based on assets compared to the IN Electronic industry average.
X
Value checks
We assess Zen Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Zen Technologies has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Zen Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Zen Technologies, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zen Technologies expected to grow at an attractive rate?
  • Zen Technologies's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Zen Technologies's earnings growth is positive but not above the India market average.
  • Unable to compare Zen Technologies's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:ZENTEC Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:ZENTEC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9.2%
India Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17.8%
Asia Electronic Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:ZENTEC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:ZENTEC Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:ZENTEC Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 922 133
2018-03-31 390 191 -4
2017-03-31 617 22 72

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zen Technologies's earnings are expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Zen Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:ZENTEC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zen Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ZENTEC Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:ZENTEC Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 1.73
2018-03-31 -0.05
2017-03-31 0.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Zen Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Zen Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Zen Technologies has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Zen Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Zen Technologies's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Zen Technologies's year on year earnings growth rate has been positive over the past 5 years.
  • Zen Technologies has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Zen Technologies has become profitable in the last year making it difficult to compare the IN Electronic industry average.
Earnings and Revenue History
Zen Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Zen Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ZENTEC Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 922.21 133.17 166.15
2018-03-31 389.63 -3.89 181.54
2017-03-31 616.57 71.72 178.57
2016-03-31 526.15 23.18 154.52
2015-03-31 785.48 157.38 90.81
2014-03-31 463.53 0.69 158.18 147.70
2013-03-31 371.37 46.84 118.25 91.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Zen Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Zen Technologies used its assets more efficiently than the IN Electronic industry average last year based on Return on Assets.
  • Zen Technologies has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Zen Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Zen Technologies has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Zen Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Zen Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zen Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zen Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zen Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Zen Technologies Company Filings, last reported 3 months ago.

NSEI:ZENTEC Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,351.08 423.47 125.94
2018-03-31 1,184.20 101.04 183.26
2017-03-31 1,195.45 113.31 342.11
2016-03-31 1,123.73 405.24 679.69
2015-03-31 1,109.89 397.48 376.39
2014-03-31 985.02 179.07 420.24
2013-03-31 1,072.56 133.14 466.25
  • Zen Technologies's level of debt (31.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (18.2% vs 31.3% today).
  • Debt is well covered by operating cash flow (45%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Zen Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Zen Technologies has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Zen Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.49%
Current annual income from Zen Technologies dividends.
If you bought ₹2,000 of Zen Technologies shares you are expected to receive ₹10 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Zen Technologies's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Zen Technologies's dividend is below the markets top 25% of dividend payers in India (2.18%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:ZENTEC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Electronic Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 0.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1447 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:ZENTEC Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:ZENTEC Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-20 0.300 0.417
2018-08-29 0.100 0.140
2017-09-05 0.150 0.160
2017-05-29 0.150 0.279
2016-05-30 0.100 0.141
2015-09-02 0.350 0.428
2015-05-25 0.350 0.431
2014-08-11 0.100 0.323
2014-05-26 0.100 0.850
2013-09-30 0.100 1.446
2012-08-03 0.650 8.384
2011-08-10 0.150 1.283
2011-05-30 0.150 1.072
2010-05-20 0.450 2.722
2009-09-24 0.450 1.954

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Zen Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zen Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Zen Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zen Technologies has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Zen Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ashok Atluri
COMPENSATION ₹5,195,995
AGE 54
CEO Bio

Mr. Ashok Atluri, B.Com, PGDACS, serves as Managing Director of Zen Technologies Ltd and served as its Compliance Officer since October 7, 2015. Mr. Atluri was instrumental in helping to design the simulators so that they would be simple to use and ensured that the products would be based on industry standards, by developing the software on the Windows-Intel platform. He serves as the Chairman of Zen Technologies Ltd. He has been Director of Zen Technologies Ltd. since June 14, 1994. He is also a recipient of the 'Small Scale Entrepreneur of the Year' award from Hyderabad Management Association in 1998. Mr. Atluri holds a PG Diploma in Applied Computer Science.

CEO Compensation
  • Ashok's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ashok's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Zen Technologies management team in years:

2.5
Average Tenure
58.5
Average Age
  • The tenure for the Zen Technologies management team is about average.
Management Team

Ashok Atluri

TITLE
Chairman & MD
COMPENSATION
₹5M
AGE
54

Kishore Atluri

TITLE
President
AGE
58
TENURE
13.8 yrs

Midathala Kumar

TITLE
Head of R&D Division & Whole Time Director
COMPENSATION
₹4M
AGE
58

H. Kamath

TITLE
Senior Vice President of Business Development
AGE
61
TENURE
4.7 yrs

N. Kumar

TITLE
Head of Subsidiary Accounts
COMPENSATION
₹3M
TENURE
0.4 yrs

Amul Asthana

TITLE
Vice President of Projects
AGE
59

Brig Shahab

TITLE
Vice President of Projects & Coordination
AGE
66

M. Kiran

TITLE
Chief Financial Officer
TENURE
0.4 yrs

Hansraj Rajput

TITLE
Company Secretary & Compliance Officer
Board of Directors Tenure

Average tenure and age of the Zen Technologies board of directors in years:

3.9
Average Tenure
58
Average Age
  • The tenure for the Zen Technologies board of directors is about average.
Board of Directors

Ashok Atluri

TITLE
Chairman & MD
COMPENSATION
₹5M
AGE
54

Midathala Kumar

TITLE
Head of R&D Division & Whole Time Director
COMPENSATION
₹4M
AGE
58
TENURE
26.1 yrs

Madati Sridevi

TITLE
Non Executive Independent Director
COMPENSATION
₹225K
AGE
42
TENURE
5.3 yrs

Venkat Samir Oruganti

TITLE
Independent Non-Executive Director
COMPENSATION
₹225K
AGE
67
TENURE
3.9 yrs

Amreek Sandhu

TITLE
Independent Director
COMPENSATION
₹75K
AGE
59
TENURE
1.4 yrs

Ravindra Tyagi

TITLE
Independent Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
05. Feb 19 Buy Ashok Atluri Individual 04. Feb 19 04. Feb 19 1,099,970 ₹76.00 ₹83,597,649
05. Feb 19 Buy Kishore Atluri Individual 04. Feb 19 04. Feb 19 1,099,970 ₹76.00 ₹83,597,649
13. Nov 18 Buy Ashok Atluri Individual 10. Oct 18 10. Oct 18 13,000 ₹59.96 ₹779,469
10. Oct 18 Buy Ashok Atluri Individual 09. Oct 18 09. Oct 18 5,000 ₹59.05 ₹295,250
08. Oct 18 Buy Ashok Atluri Individual 08. Oct 18 08. Oct 18 17,000 ₹60.25 ₹1,024,249
X
Management checks
We assess Zen Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Zen Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Zen Technologies (NSE:ZENTEC) Using Too Much Debt?

NSEI:ZENTEC Historical Debt, July 3rd 2019 A Look At Zen Technologies's Liabilities The latest balance sheet data shows that Zen Technologies had liabilities of ₹731.6m due within a year, and liabilities of ₹102.1m falling due after that. … So while it's hard to imagine that the ₹5.68b company is struggling for cash, we still think it's worth monitoring its balance sheet. … Because it carries more debt than cash, we think it's worth watching Zen Technologies's balance sheet over time.

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Zen Technologies Limited (NSE:ZENTEC) Is Employing Capital Very Effectively

Finally, we'll look at how its current liabilities affect its ROCE. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Zen Technologies: 0.13 = ₹160m ÷ (₹1.6b - ₹418m) (Based on the trailing twelve months to March 2019.) Therefore, Zen Technologies has an ROCE of 13%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

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Can We See Significant Insider Ownership On The Zen Technologies Limited (NSE:ZENTEC) Share Register?

The big shareholder groups in Zen Technologies Limited (NSE:ZENTEC) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Zen Technologies is not a large company by global standards.

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Should You Worry About Zen Technologies Limited's (NSE:ZENTEC) CEO Pay?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Ashok Atluri's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below ₹14b

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Need To Know: Zen Technologies Limited (NSE:ZENTEC) Insiders Have Been Buying Shares

So before you buy or sell Zen Technologies Limited (NSE:ZENTEC), you may well want to know whether insiders have been buying or selling. … It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

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What Percentage Of Zen Technologies Limited (NSE:ZENTEC) Shares Do Insiders Own?

The big shareholder groups in Zen Technologies Limited (NSE:ZENTEC) have power over the company. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of ₹5.2b, Zen Technologies is a small cap stock, so it might not be well known by many institutional investors.

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Does Zen Technologies Limited's (NSE:ZENTEC) PE Ratio Warrant A Sell?

and want to better understand how you can grow your money by investing in Zen Technologies Limited (NSE:ZENTEC). … Zen Technologies Limited (NSE:ZENTEC) is currently trading at a trailing P/E of 110.1x, which is higher than the industry average of 25.5x. … While ZENTEC might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

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Breaking Down Zen Technologies Limited's (NSE:ZENTEC) Ownership Structure

In this article, I'm going to take a look at Zen Technologies Limited’s (NSEI:ZENTEC) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Private Company Ownership Potential investors in ZENTEC should also look at another important group of investors: private companies, with a stake of 1.79%, who are primarily invested because of strategic and capital gain interests. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: Institutional ownership level and composition in ZENTEC is not high nor active enough to significantly impact its investment thesis.

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Does Zen Technologies Limited's (NSE:ZENTEC) PE Ratio Signal A Selling Opportunity?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for ZENTEC Price per share = ₹119.8 Earnings per share = ₹0.929 ∴ Price-Earnings Ratio = ₹119.8 ÷ ₹0.929 = 128.9x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with ZENTEC, then ZENTEC’s P/E would naturally be higher since investors would reward ZENTEC’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with ZENTEC, ZENTEC’s P/E would again be higher since investors would reward ZENTEC’s lower risk with a higher price as well.

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With An ROE Of 6.00%, Has Zen Technologies Limited's (NSE:ZENTEC) Management Done Well?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NSEI:ZENTEC Last Perf Mar 13th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

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Company Info

Description

Zen Technologies Limited designs, develops, and manufactures training simulators in India and internationally. It offers advanced weapon, small arms training, hand grenade, driving training, artillery forward observer, driving and automated driving, tactical engagement, anti-tank guided missile, tank gunner and crew gunnery, and tank driving simulators. The company also provides combat training simulator systems, smart target systems, tank zeroing, multi-functional target, air-to-ground firing range, driver aptitude testing, and armour combat training systems; bus driving, mortar integrated and tracked, multi-mode hand grenades, infantry weapon training, unmanned aerial vehicle, medium machine gun, automatic grenade launcher, anti-aircraft air defense, UAV mission, and rotary wing simulators; and wargaming simulations. In addition, it operates containerized tubular and indoor shooting range; and shoot house for live and simulated indoor tactical training. The company serves police, para-military, armed, and security forces; government departments comprising transport, mining, and infrastructure; and the civilian market. Zen Technologies Limited was incorporated in 1993 and is headquartered in Hyderabad, India.

Details
Name: Zen Technologies Limited
ZENTEC
Exchange: NSEI
Founded: 1993
₹4,907,379,816
77,160,060
Website: http://www.zentechnologies.com
Address: Zen Technologies Limited
B-42, Industrial Estate,
Sanathnagar,
Hyderabad,
Andhra Pradesh, 500018,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 533339 Equity Shares Mumbai Stock Exchange IN INR 25. Oct 2004
NSEI ZENTEC Equity Shares National Stock Exchange of India IN INR 25. Oct 2004
Number of employees
Current staff
Staff numbers
0
Zen Technologies employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 12:59
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2018/08/29
Last earnings filing: 2019/05/18
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.