Turnaround Story: This small-cap aerospace and defence company posts a whopping 1763.7 per cent growth in net profit; do you hold it?

Shares of the company have gained about 60 per cent in the last six months.

Zen Technologies Limited posted stellar results in FY23; the PAT of the company grew by 1763.37 per cent staying at Rs 37.64 crore. However, the revenue of the company grew by only 200.58 per cent which stood at Rs 161.44 crore. The company has an order book of Rs 473 crore as of 31st March 2023. The company spends about Rs 19 crore on research and development of its product to maintain its leadership position in the market and which also gives itself an upper hand over others.    

On Friday, the stock opened at Rs 338.55 and touched a high and low of Rs 339.85 and Rs 328.10. The stock is trading at 336.15, down by 0.46 per cent.      

The stock has a 52-week high of Rs 352.55 and a 52-week low of Rs 150.50. The company has a ROCE of 23.9 per cent and an ROE of 13.9 per cent. The company is a constituent of group B stocks with a market capitalisation of Rs 2644 crore. 

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Zen Technologies Limited develops and manufactures combat training solutions for the training of 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 and the USA.