Zen Technologies Limited (ZENTEC) AI Stock Analysis

• Market Cap: ₹124.32B
• Dividend Yield: 0.14%
• Average Volume (3M): 38.77K
• Price to Earnings (P/E): 48.8
• Beta (1Y): 1.58
• Revenue Growth: 56.09%
• EPS Growth: 49.60%
• Country: IN
• Employees: 342
• Sector: Technology
• Sector Strength: 88
• Industry: Aerospace & Defense
• EPS (TTM): N/A
• Shares Outstanding: 90,290,360
• 10 Day Avg. Volume: 37,406
• 30 Day Avg. Volume: 38,774
• PEG Ratio: 0.41
• Price to Book (P/B): 7.35
• Price to Sales (P/S): 12.84
• P/FCF Ratio: -70.03
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 67 Neutral
• Price Target: ₹1,759.00 ▲(25.91% Upside)

Zen Technologies Limited's strong financial performance is the primary driver of its stock score, supported by solid revenue and profit growth. However, the high valuation and neutral technical indicators moderate the overall score.

Zen Technologies Limited Business Overview & Revenue Model

Company Description

Zen Technologies Limited, together with its subsidiary, designs, develops, and manufactures training simulators in India and internationally. The company provides anti drone systems; combat training simulation and war gaming solutions; armour combat training, indoor tracking, and tactical engagement simulation systems; and digital beamforming solutions. It also offers mortar integrated and carrier motor tracked, anti-aircraft air defense, anti-tank guided missile, artillery forward observer, automatic grenade launcher, infantry weapon training, UAV mission, rotary wing, medium machine gun, integrated air defense combat, infantry combat vehicle driving, crew gunnery, driving and automated driving, BMP II integrated missile, driver aptitude testing, advanced weapon, driving training, bus driving, and tatra driving simulators. In addition, the company provides containerized tubular and indoor shooting range, hand grenade simulator, smart target, shoot house for live and simulated indoor tactical training, master control station for live-firing ranges, tank target and zeroing, air-to-ground firing range, corner shot weapon, and multi-functional target systems. It 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.

How the Company Makes Money

ZENTEC generates revenue primarily through the sale of its defense and security technologies, including training simulators and unmanned systems. The company has a diversified revenue model that includes direct sales to government agencies, long-term contracts for defense projects, and service agreements for maintenance and support of its products. Additionally, ZENTEC engages in research and development partnerships with military organizations, which can provide funding and resources for new product innovations. Strategic alliances with other technology firms and defense contractors also contribute to its revenue streams, enhancing its market reach and product offerings.

Zen Technologies Limited Financial Statement Overview

Summary

Zen Technologies Limited shows strong financial performance with robust revenue growth, healthy profit margins, and a solid balance sheet. However, cash flow fluctuations slightly temper the overall financial strength.

Income Statement

Zen Technologies Limited has demonstrated strong revenue growth with notable increases in total revenue over the past years. The gross profit margin and net profit margin are healthy, indicating efficient cost management and strong profitability. EBIT and EBITDA margins are also robust, reflecting good operational performance. Revenue growth is substantial, showcasing the company's successful expansion efforts.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio, reflecting prudent financial leverage. The return on equity is impressive, indicating that the company is effectively using its equity base to generate profits. The equity ratio is high, highlighting a strong capital structure with significant shareholder equity.

Cash Flow

Zen Technologies Limited has experienced fluctuations in cash flow, with operating cash flow showing volatility. Despite this, the free cash flow to net income ratio suggests efficient cash conversion. However, the free cash flow growth rate indicates some inconsistency, which may pose challenges in sustaining long-term cash flow stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.77B	9.74B	4.40B	2.19B	697.52M	546.40M
Gross Profit	4.91B	5.89B	3.11B	1.53B	525.66M	211.12M
EBITDA	3.78B	3.74B	1.98B	818.59M	96.67M	104.02M
Net Income	2.51B	2.80B	1.28B	427.38M	19.85M	31.11M
Balance Sheet
Total Assets	0.00	20.49B	7.51B	4.74B	3.69B	2.23B
Cash, Cash Equivalents and Short-Term Investments	9.66B	8.45B	906.26M	2.22B	1.91B	823.29M
Total Debt	0.00	777.04M	60.34M	67.54M	147.55M	19.64M
Total Liabilities	-17.36B	3.13B	2.84B	1.43B	790.60M	126.61M
Stockholders Equity	17.36B	17.01B	4.49B	3.16B	2.83B	2.04B
Cash Flow
Free Cash Flow	439.77M	-1.79B	-167.19M	1.03B	-485.64M	116.01M
Operating Cash Flow	541.55M	-1.46B	134.17M	1.16B	-442.58M	135.85M
Investing Cash Flow	-9.88B	-8.23B	-852.38M	-36.91M	-436.05M	-97.65M
Financing Cash Flow	9.68B	10.07B	-32.95M	-218.83M	879.82M	89.85M

Zen Technologies Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1397.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZENTEC, the sentiment is Negative. The current price of 1397.05 is below the 20-day moving average (MA) of 1419.23, below the 50-day MA of 1460.23, and below the 200-day MA of 1623.28, indicating a bearish trend. The MACD of -32.76 indicates Negative momentum. The RSI at 43.52 is Neutral, neither overbought nor oversold. The STOCH value of 55.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ZENTEC.

Zen Technologies Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DATAPATTNS	72 Outperform	₹157.09B	73.23	―	0.28%	31.71%	13.71%
INTELLECT	70 Outperform	₹134.32B	37.96	―	0.70%	4.93%	15.12%
MAPMYINDIA	69 Neutral	₹100.92B	63.64	―	0.19%	23.47%	13.74%
ZENTEC	67 Neutral	₹124.32B	48.76	―	0.14%	56.09%	49.60%
NETWEB	66 Neutral	₹217.23B	167.36	―	0.07%	59.90%	49.33%
ASTRAMICRO	65 Neutral	₹104.94B	63.22	―	0.20%	17.79%	20.42%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Zen Technologies Limited Corporate Events

Zen Technologies Announces Share Transfer Notice to IEPF

Zen Technologies Limited has announced the publication of a notice to its equity shareholders regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Account. This notice was published in the Financial Express and Nava Telangana newspapers. The announcement is part of the company’s compliance with SEBI regulations, ensuring transparency and proper communication with its stakeholders.

Zen Technologies Announces Virtual AGM and Releases Annual Report

Zen Technologies Limited has announced its 32nd Annual General Meeting (AGM) scheduled for August 23, 2025, which will be conducted via video conferencing. The company has released its Annual Report for the fiscal year 2024-25, which is available electronically to shareholders and can be accessed on the company’s website. The e-voting for the AGM will be open from August 20 to August 22, 2025.

Zen Technologies Releases FY2025 Sustainability Report

Zen Technologies Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2024-25, which is part of its annual report. This report, available on the company’s website, highlights Zen Technologies’ commitment to sustainability and responsible business practices, potentially enhancing its reputation and stakeholder trust in the market.

Zen Technologies Reports Q1FY26 Results, Expands into UAV Segment

Zen Technologies Limited announced its financial results for the first quarter of the fiscal year 2026, reporting a moderation in topline growth that is expected to be temporary. Despite this, the company maintained strong EBITDA and PAT margins, reflecting operational discipline and cost efficiency. The company’s consolidated order book stands at ₹754 crores, with a robust financial position and liquidity of ₹918 crores. Zen Technologies has expanded into the UAV and loitering munitions segment through the acquisition of TISA Aerospace Private Limited, aligning its portfolio with global defense requirements. The company is confident in achieving its order inflow guidance of ₹800 crores for the first half of FY26, supported by government procurement plans and a strong pipeline.

Zen Technologies Releases Q1 FY26 Investor Presentation

Zen Technologies Limited has released an investor presentation detailing its unaudited financial results for the quarter ending June 30, 2025. This announcement is likely to provide stakeholders with insights into the company’s financial health and performance, potentially impacting its market positioning and investor confidence.

Zen Technologies Releases Q2 2025 Financial Results

Zen Technologies Limited announced the publication of its un-audited financial results for the quarter ending June 30, 2025, in prominent newspapers. This disclosure aligns with regulatory requirements and reflects the company’s commitment to transparency, potentially impacting investor confidence and market perception.