Rs 1,400 crore order book: Mukul Agrawal’s portfolio multibagger aerospace & defence stock hit upper circuit & 52-week high!

The stock gave multibagger returns of 240 per cent in just 1 year, 1,340 per cent returns in 3 years and a whopping 12,800 per cent in a decade.

Today, one of the Top Gainers on BSE, shares of Zen Technologies Limited hit a 10 per cent upper circuit and made a fresh new 52-week high of Rs 1,429.85 per share from its previous closing of Rs 1,299.90 per share. The shares of the company saw a spurt in volume by more than 2 times on BSE.

Zen Technologies Limited was incorporated in 1996. The company designs, develops and manufactures combat training solutions and counter-drone solutions for defence and security forces. It is actively involved in the indigenization of technologies, which are beneficial to Indian armed forces, state police forces, and paramilitary forces. Zen Technologies is headquartered in Hyderabad, India with offices in India, UAE, and the USA.

According to its Quarterly Results (Q4FY24) and annual results (FY24) for the financial year 2023 –2024. According to the quarterly results, the total increased by 50.3 per cent to Rs 144.05 crore and net profit increased by 60.8 per cent to Rs 37.59 crore in Q4FY24 over Q4FY23 while in its annual results, the total income increased by 101.1 per cent to Rs 454.77 crore and net profit increased by 159.2 per cent to Rs 129.05 crore in FY24 over FY23.

The company has a market cap of over Rs 12,000 crore with a 3-year stock price CAGR of 140 per cent. As of March 31, 2023, the total order book is over Rs 1,400 crore. An ace investor, Mukul Agarwal owns 10,00,765 shares or a 1.19 per cent stake in Zen Technologies Ltd as of March 2024.

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Additionally, in a significant advancement for India's air defence capabilities, Zen Technologies, a leading provider of anti-drone technology and defence training solutions, successfully delivered their innovative Zen Anti-Drone System with Hard-Kill (Zen ADS HK) to the Army Air Defence College in Odisha. This follows a successful 18-month development process that began with the Air Defence College placing an order based on promising initial trials. Zen's team surpassed expectations by designing, developing, and delivering a system that underwent rigorous testing before deployment.

Building on their existing, proven soft-kill anti-drone systems used by the Indian Air Force, Zen ADS HK offers a new level of protection. This state-of-the-art system seamlessly integrates with existing defence infrastructure. A key component is the Electro-Optical Tracking System (EOTS), designed and developed entirely in-house by Zen. This EOTS combines multiple functionalities – day camera, thermal camera, and laser range finder – to enable effective auto-tracking in all weather conditions.

The stock gave multibagger returns of 240 per cent in just 1 year, 1,340 per cent returns in 3 years and a whopping 12,800 per cent in a decade. Investors should keep an eye on this multibagger aerospace & defence stock.

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