Mukul Agarwal’s portfolio multibagger stock: This anti-drone company receives multiple orders worth Rs 702 crore from domestic & international clients!
The stock gave multibagger returns of 155 per cent in just 6 months whereas BSE small-cap index is up by 15.70 per cent.
Zen Technologies Limited, a leading provider of military training and anti-drone solutions has received multiple orders worth Rs 660 crore from domestic and international clients. Details below:
Order No - 1: The company have received a significant order win in the export markets. The order is valued at approximately Rs 340 crore (USD 41.50 million).
Order No - 2: The company have received a significant order win from the Ministry of Defence, Government of India valued at approximately Rs 160 crore. The contract comes under the Government's Indigenous Design and Development (IDDM) initiative, which requires Indian IP and over 60 per cent indigenous content. Zen, with three decades of IP-based Design & Development (D&D) experience, stands poised to benefit from such initiatives. The order will be completed within 12 months of the letter of intent.
Order No - 3: The company have received a significant order win from the Ministry of Defence, Government of India valued at approximately Rs 202 crore. The order is related to the supply of training equipment to the Ministry of Defence, hence confidential in nature. The training equipment order is worth Rs 171 crore and has to be supplied within 12 months along with a warranty for 4 years. Post-warranty, Comprehensive Maintenance Contract (CMC) of Rs 31 crore will be spread over 4 years.
On Tuesday, shares of Zen Technologies Ltd jumped 14.95 per cent to make a new 52-week high of Rs 488.40 per share from its previous closing of Rs 424.90. At the closing bell, shares of the company were trading at Rs 480.95 per share, up 13.19 per cent with a spurt in volume by more than 3.33 times on BSE. The stock gave multibagger returns of 155 per cent in just 6 months whereas BSE Small-Cap index is up by 15.70 per cent.
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The net sales increased by 245.16 per cent and net profit skyrocketed by 354.20 per cent in Q4FY23 compared to Q4FY22. The net sales increased by 213.75 per cent and net profit skyrocketed by 1,815.29 per cent in FY23 compared to FY22. The EPS for FY23 stood at Rs 5.38.
The stock is up by 840 per cent in 3 years and over 7,000 per cent in 1 decade. Investors should keep an eye on this small-cap aerospace & defence stock.