Zen Tech Share Price: A stock of just Rs 56 five years ago reached an all-time high of Rs 1954.30 on 27th August. During this period, the stock of this company has given a 3,380% multibagger return to its investors.
That is, in 5 years, any investor who would have invested Rs 1 lakh in the stock of Zen Technologies Ltd (NSE: ZENTEC), his one lakh would have now become around 35 lakhs.
The share of anti-drone manufacturing company Zen Technologies Ltd opened at Rs 1900.90 on Tuesday and reached an all-time high of Rs 1954 in no time. This defense stock has jumped more than 115 percent since June.
Why Is The Stock Jumping?
In an exchange filing, Zen Technologies Ltd said that the company has allotted 6.25 million equity shares to QIBs at an issue price of Rs 1,601 per share.
Zen Technologies Ltd closed the QIP on August 23, 2024. There was competition among both domestic and international investors and the issue was subscribed almost 5 times.
Kotak Mutual Fund was one of the major investors in this QIP. Other participants included White Oak Offshore Funds, White Oak Mutual Funds, Motilal Oswal Mutual Funds, and Bandhan Mutual Funds.
What Is In The Company’s Product Portfolio?
Zen Technologies Ltd’s products are indigenously designed and developed, which are in line with the Government of India’s ‘Make in India’ and ‘Atmanirbhar Bharat’.
It aims to promote self-reliance in defense manufacturing. The product range includes a variety of simulators, including tank, driving, and gunnery simulators, as well as flight simulators.
Along with these, there are also anti-drone systems that are designed to detect, track, and neutralize enemy drones.
What Are The Market Experts Saying?
A share market expert described Zen Technologies Ltd as a horse for the long race and said that there is more focus on defense in India now. Drones play a key role in the wars between Israel and Hamas, Israel and Lebanon, as well as Russia-Ukraine.
Zen Technologies Ltd is working on anti-drone technology. In such a situation, its demand will increase in the coming time.
Zen Technologies Ltd is getting orders from Indian defense as well as other countries. The expert also said that the stock will also run up due to these orders.
Zen Technologies Ltd Stock Performance
| Market Cap | ₹ 15,507 Cr. |
| Current Price | ₹ 1,845 |
| 52wk High | ₹ 1,970 |
| 52wk Low | ₹ 650 |
| 5 days Return | 7.97% |
| 1 Month Return | 14.73% |
Company’s Fundamentals
| Stock P/E | 101 |
| Book Value | ₹ 53.4 |
| Dividend | 0.05 % |
| ROCE | 46.3 % |
| ROE | 33.1 % |
| Face Value | ₹ 1.00 |
| P/B Value | 34.6 |
| OPM | 39.7 % |
| EPS | ₹ 18.8 |
| Debt | ₹ 2.05 Cr. |
| Debt to Equity | 0.00 |
Zen Technologies Ltd Shareholdings
| Promoters | 55.07% |
| FII’s | 3.09% |
| DII’s | 3.37% |
| Public | 37.94% |
| Others | 0.53% |
Last 5 Years’ Sales (Figures in Rs. Crores)
| Year | Sales |
| 2020 | 149 |
| 2021 | 55 |
| 2022 | 70 |
| 2023 | 219 |
| 2024 | 562 |
Last 5 Years’ Net Profit (Figures in Rs. Crores)
| Year | Net Profit |
| 2020 | 59 |
| 2021 | 3 |
| 2022 | 3 |
| 2023 | 50 |
| 2024 | 161 |
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