Rs 1,158.54 crore order book: Multibagger defence simulation tech stock in green as company celebrates patent grant for "TacSim®" trigger sensing system
The stock gave multibagger returns of 115 per cent in just 1 year, 2,040 per cent returns in 3 years and a whopping 16,280 per cent in a decade
On Friday, shares of Zen Technologies Limited gained 1.92 per cent to Rs 1,786.75 per share from its previous closing of Rs 1,753.10 with an intraday high of Rs 1,799 and an intraday low of Rs 1,715.
Zen Technologies, a prominent player in defence simulation technology, has secured another significant patent for its innovative "Trigger Sensing System." This system is a vital component of the company's renowned "TacSim®" product line, which is designed to enhance the operational capabilities of defence forces through realistic force-on-force training. The patent, granted on August 22, 2024, marks the 17th patent awarded to Zen Technologies in the calendar year 2024 and the seventh in the current financial year.
The "Trigger Sensing System" is part of a suite of five patents related to the "TacSim®" range, which includes a Laser Unit, Indoor Tracking Unit, HE36 Grenade Simulator, Weapon Range Estimation System, and now, the Trigger Sensing System. This innovative system provides a more accurate method for detecting the point of trigger activation in firearm simulators, ensuring a more realistic and effective training experience. By simultaneously sensing multiple aspects of firearm recoil, including vibration, shock, and sound, the system minimizes the risk of false triggers and enhances training accuracy.
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According to Quarterly Results, the net sales increased by 92.2 per cent to Rs 254.62 crore, the operating profit increased by 59.9 per cent to Rs 114.46 crore and the net profit increased by 64.1 per cent to Rs 79.49 crore in Q1FY25 compared to Q1FY24. In its annual results, net sales increased by 101 per cent to Rs 439.85 crore and net profit increased by 159.2 per cent to Rs 129.05 crore in FY24 over FY23.
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.
The company has a market cap of over Rs 15,000 crore with a 3-year stock price CAGR of 140 per cent. As of June 2024, the total order book is Rs 1,158.85 crore. The stock gave multibagger returns of 115 per cent in just 1 year, 2,040 per cent returns in 3 years and a whopping 16,280 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.
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