Zen Technologies Limited (ZENTEC) AI Stock Analysis

• Market Cap: ₹123.48B
• Dividend Yield: 0.14%
• Average Volume (3M): 38.77K
• Price to Earnings (P/E): 56.2
• Beta (1Y): 1.42
• Revenue Growth: 9.71%
• EPS Growth: 13.45%
• Country: IN
• Employees: 342
• Sector: Technology
• Sector Strength: 88
• Industry: Aerospace & Defense
• EPS (TTM): 6.10
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 40.92
• Revenue Forecast (FY): ₹12.55B

• Rating: 58 Neutral
• Price Target: ₹1,381.00 ▲(0.80% Upside)
• Action: Reiterated Date: 01/17/26
• Date: Action: Reiterated 01/17/26

The score is driven primarily by strong financial performance (profitability, growth, and a solid balance sheet), but is meaningfully reduced by weak technical signals (below key moving averages and negative MACD) and a high P/E with minimal dividend yield.

Positive Factors

Strong profitability and margins

Healthy gross, net and EBIT/EBITDA margins indicate durable earnings power and operational efficiency in defence simulations. Robust margins support reinvestment in product development and after‑sales services, enhancing long‑term competitiveness and cash generation.

Negative Factors

Operating cash flow volatility

Volatile operating cash flow undermines predictability of funds for capex, working capital and strategic initiatives. In a milestone‑driven defence contracting model, swings in OCF can force reliance on external financing or delay investments, weakening operational resilience.

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...

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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 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-t...

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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-t...

Zen Technologies Limited Financial Statement Overview

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

• Technical Analysis Sentiment: Neutral
• Last Price: 1370.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• 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 Neutral. The current price of 1370 is below the 20-day moving average (MA) of 1394.19, above the 50-day MA of 1358.21, and below the 200-day MA of 1482.41, indicating a neutral trend. The MACD of -4.56 indicates Positive momentum. The RSI at 49.42 is Neutral, neither overbought nor oversold. The STOCH value of 32.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	71 Outperform	₹170.94B	63.06	―	0.30%	77.99%	26.08%
NETWEB	67 Neutral	₹179.65B	60.10	―	0.08%	47.18%	38.90%
MAPMYINDIA	64 Neutral	₹48.05B	125.84	―	0.21%	22.12%	7.40%
INTELLECT	62 Neutral	₹91.87B	118.88	―	0.69%	15.87%	39.55%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ZENTEC	58 Neutral	₹123.48B	56.16	―	0.14%	9.71%	13.45%
ASTRAMICRO	51 Neutral	₹90.52B	49.76	―	0.24%	11.44%	23.56%

Zen Technologies Limited Corporate Events