Rs 1,275 crore order book: This multibagger aerospace & defence company receives order worth Rs 123.3 crore from the Ministry of Defence!

The stock gave multibagger returns of 210 per cent in just 6 months whereas BSE small-cap index is up by 36 per cent.

Zen Technologies Limited, a leading provider of military training and anti-drone solutions has received an order win from the Ministry of Defence, Government of India valued at Rs 123.3 crores (inclusive of 18 per cent GST).

As of June 30, 2023, our order book amounted to Rs 542 crores. During the current quarter, we've successfully secured new orders worth Rs 733 crores, raising our total order book to Rs 1,275 crores (excluding tax). We have not excluded the orders executed during Q2FY24 from the cumulative order book and they shall be accounted for at the end of the quarter.

In Q1FY24 ended June 2023, Mukul Agarwal, an ace investor brought 57,758 shares or 1.34 per cent stake in Zen Technologies Ltd.  

On Wednesday, shares of Zen Technologies Ltd surged 0.07 per cent to Rs 834.15 per share from its previous closing of Rs 833.60. The stock traded at an intraday high of Rs 842 and an intraday low of Rs 832. The stock gave multibagger returns of 210 per cent in just 6 months whereas BSE Small-Cap index is up by 36 per cent.

According to the Quarterly Results, the net sales increased by 300 per cent to Rs 132 crore and net profit increased by 487.5 per cent in Q1FY24 compared to Q1FY23. The net sales increased by 213.75 per cent to Rs 161 crore and net profit skyrocketed by 1,815.29 per cent to Rs 38 in FY23 compared to FY22. The company has a market cap of over Rs 6,900 crore.

The stock is up by 400 per cent in 2 years, up by 1050 per cent in 3 years and a whopping 13,500 per cent in 1 decade. Investors should keep an eye on this small-cap aerospace & defence stock.

Disclaimer: The article is for informational purposes only and not investment advice.