Zen Technologies Limited (IN:ZENTEC)
:ZENTEC
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Zen Technologies Limited
(ZENTEC)
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Rating:71Outperform
Price Target:
₹1,924.00
▲(40.44% Upside)
Action:UpgradedDate:04/22/26
The score is primarily supported by strong financial performance (solid growth, profitability, and a low-leverage balance sheet). This is tempered by overbought technical conditions and a demanding valuation (high P/E with a very low dividend yield).
Positive Factors
Profitability & Margins
Sustained healthy gross, net, and EBITDA margins indicate efficient cost structure and pricing power in simulation products. Robust margins support reinvestment in R&D and service capability, sustain cash generation through contract cycles, and underpin durable returns to equity over the medium term.
Negative Factors
Cash Flow Volatility
Volatile operating cash flow and inconsistent free cash flow growth reduce predictability of internally generated funds, potentially constraining investment in product development, working capital for large turnkey projects, and the ability to consistently fund growth without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & Margins
Sustained healthy gross, net, and EBITDA margins indicate efficient cost structure and pricing power in simulation products. Robust margins support reinvestment in R&D and service capability, sustain cash generation through contract cycles, and underpin durable returns to equity over the medium term.
Read all positive factors
Zen Technologies Limited (ZENTEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹155.25B
Dividend Yield0.14%
Average Volume (3M)38.77K
Price to Earnings (P/E)56.2
Beta (1Y)1.43
Revenue Growth5.64%
EPS Growth16.71%
CountryIN
Employees342
SectorTechnology
Sector Strength88
IndustryAerospace & Defense
Share Statistics
EPS (TTM)6.10
Shares Outstanding90,290,360
10 Day Avg. Volume37,406
30 Day Avg. Volume38,774
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)7.35
Price to Sales (P/S)12.84
P/FCF Ratio-70.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)41.48
Revenue Forecast (FY)₹12.66B
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 comb...
How the Company Makes Money
ZENTEC makes money primarily by selling defense training and simulation products and by delivering associated services tied to those systems. Key revenue streams typically include: (1) turnkey project revenues from supplying simulator hardware, in...
Zen Technologies Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.09B | 9.74B | 4.40B | 2.19B | 697.52M | 546.40M |
| Gross Profit | 5.15B | 5.89B | 3.11B | 1.53B | 525.66M | 416.64M |
| EBITDA | 4.13B | 4.39B | 1.96B | 804.64M | 86.16M | 94.33M |
| Net Income | 2.48B | 2.80B | 1.28B | 427.38M | 19.85M | 31.11M |
Balance Sheet | ||||||
| Total Assets | 20.49B | 20.49B | 7.51B | 4.74B | 3.69B | 2.23B |
| Cash, Cash Equivalents and Short-Term Investments | 8.33B | 8.45B | 906.26M | 2.22B | 1.91B | 823.29M |
| Total Debt | 179.43M | 777.04M | 60.34M | 67.54M | 147.55M | 19.64M |
| Total Liabilities | 2.08B | 3.13B | 2.84B | 1.43B | 790.60M | 126.61M |
| Stockholders Equity | 17.97B | 17.01B | 4.49B | 3.16B | 2.83B | 2.04B |
Cash Flow | ||||||
| Free Cash Flow | 947.43M | -1.79B | -167.19M | 1.03B | -485.64M | 116.01M |
| Operating Cash Flow | 1.15B | -1.46B | 134.17M | 1.16B | -442.58M | 135.85M |
| Investing Cash Flow | 2.55B | -8.23B | -852.38M | -36.91M | -436.05M | -97.65M |
| Financing Cash Flow | -750.42M | 10.07B | -32.95M | -218.83M | 879.82M | 89.85M |
Zen Technologies Limited Technical Analysis
Positive
1370.00
Price Trends
1388.97
Positive
1373.57
Positive
1462.77
Positive
Market Momentum
47.53
Negative
71.47
Negative
83.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZENTEC, the sentiment is Positive. The current price of 1370 is below the 20-day moving average (MA) of 1433.40, below the 50-day MA of 1388.97, and below the 200-day MA of 1462.77, indicating a bullish trend. The MACD of 47.53 indicates Negative momentum. The RSI at 71.47 is Negative, neither overbought nor oversold. The STOCH value of 83.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ZENTEC.
Zen Technologies Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹155.25B | 56.16 | ― | 0.14% | 5.64% | 16.71% | |
71 Outperform | ₹221.86B | 63.06 | ― | 0.30% | 97.43% | 38.16% | |
67 Neutral | ₹223.11B | 60.10 | ― | 0.08% | 82.40% | 75.32% | |
64 Neutral | ₹51.41B | 125.84 | ― | 0.21% | 10.79% | -3.84% | |
62 Neutral | ₹98.91B | 118.88 | ― | 0.69% | 22.17% | 32.02% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | ₹108.18B | 49.76 | ― | 0.24% | 8.54% | 19.38% |
* Technology Sector Average
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Zen Technologies Limited Corporate Events
Zen Technologies Files SEBI Regulation 74(5) Compliance Certificate for Q4 FY26
Apr 2, 2026
Zen Technologies Limited has notified stock exchanges that it has received and submitted a compliance certificate from its registrar and transfer agent, KFin Technologies Limited, under Regulation 74(5) of the SEBI (Depositories and Participants) ...
Zen Technologies Transfers ESOP Shares Without Changing Share Capital
Apr 1, 2026
Zen Technologies Limited has transferred 2,580 equity shares of face value ₹1 each to eligible employees pursuant to the exercise of options granted under its Employee Stock Option Plan 2021. The shares were moved from the Zen Technologies E...
Zen Technologies to Close Trading Window Ahead of FY26 Results
Mar 25, 2026
Zen Technologies Limited has notified the stock exchanges that it will close its trading window for dealing in its securities from April 1, 2026, until 48 hours after the announcement of its standalone and consolidated financial results for the qu...
Zen Technologies Publishes Postal Ballot Notice in Newspapers, Confirms Regulatory Compliance
Mar 21, 2026
Zen Technologies Limited has notified the stock exchanges that it has published newspaper advertisements confirming the dispatch of a postal ballot notice to shareholders. The notices appeared on March 21, 2026 in Financial Express across all edit...
Zen Technologies opens special window for transfer and demat of physical shares
Mar 10, 2026
Zen Technologies Limited has notified stock exchanges that it has published newspaper advertisements in Financial Express and Nava Telangana, informing shareholders about the opening of a special window for transfer and dematerialisation of physic...
Zen Technologies Transfers 1,860 ESOP Shares Without Changing Share Capital
Feb 25, 2026
Zen Technologies Limited has transferred 1,860 equity shares of face value ₹1 each to eligible employees upon exercise of options granted under its Zen Technologies Limited Employee Stock Option Plan-2021. The shares were moved from the Zen ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.