Zen Technologies (NSE: ZENTEC) share: The demand for Zen Technology, an organization in the defence industry, was high on the day of the budget.
The shares of Zen Technology rose by 5 percent on Thursday. The closing price of the shares was Rs 880.70. The share price closed 4.75 % higher than the previous day.
Today on Friday, the share of Zen Technologies is trading at Rs 856.10.
The share reached a high of 912,55 Rs on August 17, 2023. The 52-week high is shown. The company’s market capitalization is Rs 7,401.78 Crore.
This company is also involved in the manufacture of drones. This share has given a 1,442.19% return so far.
Budget Allocated To The Defence Sector
In the interim budget of 2024-25, the defence budget has been increased to Rs 6.21 lakh crore.
Last year, this amount was Rs 5,94 lakh crore. The government also announced a plan to introduce cutting-edge technology in the military.
Nirmala Sitharaman, Finance Minister, presented the Interim Union Budget to Parliament.
This budget included Rs 1,72 lakh crore for the Army’s capital expenditures, which included the purchase of new weapons, warships, and aircraft.
Budgetary allocations for capital expenditures were made last year, i.e. In 2023-24, Rs. 1.62 lakh crore.
New scheme to be launched
According to the Finance Minister, a new program will be introduced for technologies used for defence purposes to improve and increase self-reliance.
According to the budget document the total revenue expenditures are estimated at Rs 439,300 crore, which includes Rs 1,41205 crore for defence pensions and Rs 2,82772 crore for defence services.
The capital expenditure for defence services includes Rs 40,777 crores for aircraft and aero-engine projects and Rs 62343 crores for “other equipment”.
In addition, Rs 23,800 crores have been allocated for Naval Dockyards and Rs 6,830 crores for Naval Fleet projects.
Who Got What?
The Indian Air Force had the largest capital expenditure in the Budget for FY2023-24 at Rs 57137.09 crore. This included Rs 15,721 for aircraft and aero engines and Rs 36223.13 for other equipment.
In the interim budget for FY 2023-24, the Army’s revenue expenditure was Rs 1,926,680 crore, while the Navy and Air Force were allocated Rs 32,778 crore and respectively Rs 46,223.
About Zen Technologies
Zen Technologies Designs, designs and produces high-quality combat simulations for security and defence forces around the world.
They offer a variety of training tools such as Live Fire, Live-Instrumented Constructive, and Virtual for both group and individual training.
They have more than 40 locally created products. They are the leader in the Indian simulation for defence training.
The company is expanding its presence in the international markets. Its Q1 FY24 saw an increase the EBITDA and net sales.
Fundamental Analysis of Zen Technologies
| Market Cap | ₹ 7,403 Cr. |
| Current Price | ₹ 856.10 |
| 52-wk High | ₹ 911.40 |
| 52-wk Low | ₹ 193.10 |
| Stock P/E | 65.3 |
| Book Value | ₹ 45.9 |
| Dividend | 0.02 % |
| ROCE | 17.3 % |
| ROE | 12.0 % |
| Face Value | ₹ 1.00 |
| P/B Value | 19.2 |
| OPM | 43.0 % |
| EPS | ₹ 13.6 |
| Debt | ₹ 0.23 Cr. |
| Debt to Equity | 0.00 |
Zen Technologies Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹800 | ₹1100 |
| 2025 | ₹1132 | ₹1200 |
| 2026 | ₹2298 | ₹1347 |
| 2027 | ₹1432 | ₹1587 |
| 2028 | ₹1654 | ₹1786 |
| 2029 | ₹1865 | ₹1986 |
| 2030 | ₹2000 | ₹2186 |
Zen Technologies Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 60.19% |
| Mar 2023 | 60.14% |
| June 2023 | 57.45% |
| Sept 2023 | 57.45% |
| Dec 2023 | 55.07% |
| FII Holding | |
| Dec 2022 | 0.30% |
| Mar 2023 | 1.29% |
| June 2023 | 3.47% |
| Sept 2023 | 4.84% |
| Dec 2023 | 4.65% |
| DII Holding | |
| Dec 2022 | 0.11% |
| Mar 2023 | 0.15% |
| June 2023 | 0.21% |
| Sept 2023 | 0.15% |
| Dec 2023 | 3.09% |
| Others Holding | |
| Dec 2022 | 0.35% |
| Mar 2023 | 0.61% |
| June 2023 | 0.76% |
| Sept 2023 | 0.76% |
| Dec 2023 | 0.76% |
| Public Holding | |
| Dec 2022 | 39.05% |
| Mar 2023 | 37.82% |
| June 2023 | 38.11% |
| Sept 2023 | 36.80% |
| Dec 2023 | 36.42% |
Zen Technologies Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹92 Cr |
| 2020 | ₹147 Cr |
| 2021 | ₹50 Cr |
| 2022 | ₹54 Cr |
| 2023 | ₹369 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹19 Cr |
| 2020 | ₹61 Cr |
| 2021 | ₹4 Cr |
| 2022 | ₹2 Cr |
| 2023 | ₹113 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.13 |
| 2020 | 0.14 |
| 2021 | 0 |
| 2022 | 0.09 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | 23% |
| 5 Years: | 150% |
| 3 Years: | -16% |
| Current Year: | 451% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 9% |
| 5 Years: | 12% |
| 3 Years: | 6% |
| Lat Year: | 12% |
Last 10 Years’ Sales Growth:
| 10 Years: | 16% |
| 5 Years: | 33% |
| 3 Years: | 3% |
| Current Year: | 257% |
Conclusion
This article is a complete guide about Zen Technologies Limited Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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