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Zen Technologies Overview

Zen Technologies Ltd is engaged in the layout, development and manufacture of training simulators. The Company offer its products to police and paramilitary forces, defense force, security forces, govt. departments, including transport, mining, infrastructure and civilian markets. The Company's merchandise are divided into three classes: Land-based Military Simulators, Driving Simulators, and Mining & Special Equipment Simulators. Its products comprises Zen Advanced Weapon Simulator (Zen AWeSim), Zen Small Arms Training Simulator-SL (Zen SATS),...Read More

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Zen Technologies Key Financials

Market Cap ₹12020 Cr.

Stock P/E 40.2

P/B 6.5

Current Price ₹1331.3

Book Value ₹ 205.2

Face Value 1

52W High ₹2268.2

Dividend Yield 0.15%

52W Low ₹ 946.7

Zen Technologies Share Price

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Volume
Price

Zen Technologies Quarterly Price

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Zen Technologies Peer Comparison

Zen Technologies Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 67 100 141 255 242 152 325 158 174 178
Other Income 5 4 3 3 8 22 25 22 25 16
Total Income 72 104 144 258 250 174 350 180 199 193
Total Expenditure 48 57 91 143 162 108 187 94 109 111
Operating Profit 24 47 53 114 88 66 163 86 90 82
Interest 1 1 1 1 2 3 4 3 2 3
Depreciation 2 3 3 3 4 4 5 6 6 6
Exceptional Income / Expenses 0 0 2 0 0 0 0 0 1 0
Profit Before Tax 22 44 52 110 82 59 154 77 83 73
Provision for Tax 8 14 14 31 19 17 40 23 21 17
Profit After Tax 14 30 38 79 63 43 114 54 62 56
Adjustments 2 1 -3 -3 -1 -3 -13 -6 -3 -1
Profit After Adjustments 15 31 35 77 63 40 101 48 59 55
Adjusted Earnings Per Share 1.8 3.6 4.2 9.1 6.9 4.4 11.2 5.3 6.6 6.1

Zen Technologies Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 46 79 53 62 92 149 55 70 219 440 974 835
Other Income 7 6 6 4 3 2 3 5 7 15 58 88
Total Income 53 84 58 65 95 151 58 75 226 455 1032 922
Total Expenditure 46 58 49 50 76 87 47 65 146 259 591 501
Operating Profit 8 26 10 15 20 65 10 10 80 196 441 421
Interest 2 2 2 2 5 3 1 2 4 2 19 12
Depreciation 5 4 4 4 4 5 5 5 6 10 15 23
Exceptional Income / Expenses 0 0 0 0 0 0 0 -0 2 2 0 1
Profit Before Tax 0 20 3 9 11 57 4 3 72 186 406 387
Provision for Tax 0 4 1 2 -2 -2 2 1 22 57 107 101
Profit After Tax 0 16 2 7 13 59 3 3 50 130 299 286
Adjustments 0 0 0 0 0 0 0 -1 -7 -2 -19 -23
Profit After Adjustments 0 16 2 7 13 59 3 2 43 128 280 263
Adjusted Earnings Per Share 0 2 0.3 0.9 1.7 7.6 0.4 0.2 5.4 15.2 31 29.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 121% 141% 46% 36%
Operating Profit CAGR 125% 253% 47% 49%
PAT CAGR 130% 364% 38% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -18% 84% 73% 33%
ROE Average 28% 26% 16% 14%
ROCE Average 39% 37% 23% 17%

Zen Technologies Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 99 111 112 120 135 191 204 283 316 449 1701
Minority's Interest 0 0 0 0 0 7 6 7 14 18 35
Borrowings 4 4 8 6 9 1 1 4 0 0 40
Other Non-Current Liabilities 1 1 1 1 -7 -19 -19 -17 -11 14 24
Total Current Liabilities 25 62 46 20 73 13 10 72 140 270 244
Total Liabilities 128 177 167 146 210 194 203 349 460 751 2045
Fixed Assets 49 47 44 45 63 73 70 67 75 93 208
Other Non-Current Assets 10 7 22 24 24 5 3 6 52 39 232
Total Current Assets 69 123 101 78 123 116 130 275 332 618 1604
Total Assets 128 177 167 146 210 194 203 349 460 751 2045

Zen Technologies Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 47 42 38 68 10 -22 16 21 21 112 37
Cash Flow from Operating Activities 10 -20 43 2 -49 62 6 -44 116 13 -146
Cash Flow from Investing Activities -8 -4 -9 -4 13 -12 -10 -44 -4 -85 -823
Cash Flow from Financing Activities -7 20 -3 -32 5 -12 9 88 -22 -3 1007
Net Cash Inflow / Outflow -5 -4 30 -34 -32 38 5 0 91 -75 37
Closing Cash & Cash Equivalent 42 38 68 34 -22 16 21 21 112 37 74

Zen Technologies Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.01 2.04 0.3 0.93 1.73 7.62 0.39 0.25 5.38 15.22 31.04
CEPS(Rs) 0.67 2.59 0.86 1.4 2.22 8.19 0.97 0.94 7.05 16.56 34.86
DPS(Rs) 0.1 0.35 0.1 0.15 0.3 0.4 0.1 0.1 0.2 1 2
Book NAV/Share(Rs) 12.77 14.38 14.56 15.49 16.93 24.2 25.71 35.28 39.39 53.04 188.1
Core EBITDA Margin(%) 1.16 25.97 7.72 18.32 18.08 41.94 13.51 6.55 33.18 41.1 39.29
EBIT Margin(%) 5.5 27.8 10.02 18.29 17.34 40.24 9.98 6.93 34.64 42.84 43.7
Pre Tax Margin(%) 0.19 25.1 5.53 14.53 12.12 38 7.98 4.74 32.77 42.32 41.71
PAT Margin (%) 0.15 19.94 4.39 11.57 14.44 39.28 5.08 3.74 22.83 29.44 30.74
Cash Profit Margin (%) 11.03 25.35 12.57 17.44 18.56 42.34 14.14 10.67 25.6 31.64 32.33
ROA(%) 0.05 10.3 1.35 4.58 7.47 29.02 1.4 0.95 12.36 21.4 21.42
ROE(%) 0.07 15.03 2.08 6.18 10.65 36.95 1.42 1.08 16.83 34.13 27.92
ROCE(%) 2.16 16.43 3.48 7.99 10.39 32.42 2.73 1.92 24.51 48.86 38.61
Receivable days 44.62 152.28 215.46 68.45 160.96 133.68 217.48 131.58 97.63 111.98 111.51
Inventory Days 58.95 57.48 85.79 52.12 85.49 60.3 95.96 103.71 61.67 90.48 54.05
Payable days 51.58 39.14 64.64 77.39 78.91 61.87 160.35 99.01 33.2 60.05 28.47
PER(x) 1012.92 27.68 245.01 71.55 42.76 2.99 198.82 819.98 60.95 62.76 47.6
Price/Book(x) 0.71 3.92 5.05 4.29 4.36 0.94 3.03 5.8 8.32 18.01 7.85
Dividend Yield(%) 1.11 0.62 0.14 0.23 0.41 1.76 0.13 0.05 0.06 0.1 0.14
EV/Net Sales(x) 0.98 5.57 10.27 7.95 6.49 1.02 10.62 22.34 11.16 17.89 12.76
EV/Core EBITDA(x) 5.95 16.69 56.28 32.73 30.28 2.37 55.76 156.69 30.6 40.21 28.18
Net Sales Growth(%) 24.82 69.46 -33.02 17.18 49.57 61.88 -63.4 27.66 213.75 100.99 121.36
EBIT Growth(%) -65.22 756.32 -75.91 114.48 41 275.75 -90.92 -11.35 1468.2 148.59 125.78
PAT Growth(%) -98.54 0 -85.27 209.39 85.69 340.3 -95.27 -5.91 1814.78 159.17 131.14
EPS Growth(%) -98.31 0 -85.27 209.39 85.7 341.31 -94.86 -36.19 2052.66 183.09 103.98
Debt/Equity(x) 0.18 0.36 0.36 0.09 0.32 0.01 0.01 0.05 0.02 0 0.03
Current Ratio(x) 2.8 1.99 2.21 3.98 1.68 8.76 13.39 3.82 2.37 2.29 6.57
Quick Ratio(x) 2.4 1.75 1.99 3.58 1.2 7.71 11.88 3.48 2.02 1.66 6.09
Interest Cover(x) 1.04 10.29 2.23 4.86 3.32 17.93 5 3.16 18.6 82.6 21.96
Total Debt/Mcap(x) 0.26 0.09 0.07 0.02 0.07 0.01 0 0.01 0 0 0

Zen Technologies Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 57.45 55.07 55.07 55.07 51.26 49.05 49.05 49.05 48.51 48.51
FII 4.83 4.65 3.84 3.08 5.72 8.27 5.93 6.03 5.95 5.55
DII 0.16 3.09 3.32 3.38 8.05 9 9.49 8.76 7.93 7.85
Public 37.56 37.19 37.77 38.47 34.97 33.69 35.53 36.16 37.61 38.08
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Zen Technologies News

Zen Technologies Pros & Cons

Pros

  • Company has delivered good profit growth of 38% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26%
  • Debtor days have improved from 60.05 to 28.47days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 48.51%.
  • Stock is trading at 6.5 times its book value.
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