Rs 1,400 crore order book: This multibagger drone company delivers groundbreaking Hard‐Kill Anti‐Drone System (ADS HK) to Army Air Defence College
The stock gave multibagger returns of 135 per cent in just 1 year, 1,265 per cent returns in 3 years and a whopping 8,000 per cent in a decade.
Zen Technology Ltd, India’s leading anti‐drone technology and defence training solutions provider announced the successful delivery of its innovative Zen Anti‐Drone System with Hard‐Kill (Zen ADS HK) to the Army Air Defence College in Gopalpur, Odisha. This marks a significant milestone in bolstering India's defence capabilities against drone threats.
The Army Air Defence College, responsible for training India's Air Defence Corps, placed an order for the Zen ADS HK 18 months ago, based on preliminary successful trials in accurate cueing of the automatic gun platform. Zen's team designed, developed, and delivered a system that surpasses expectations, following rigorous testing and trials.
Building upon its proven soft-kill anti‐drone systems deployed by the Indian Air Force, Zen ADS HK offers a new layer of protection. This advanced system integrates seamlessly with existing legacy defence infrastructure, featuring a state‐of‐the‐art Electro‐Optical Tracking System (EOTS) designed and developed in‐house by Zen Technologies Ltd. The EOTS combines a day camera, a thermal camera and a Laser Range Finder (LRF) for effective all‐weather auto‐tracking.
Zen engineers meticulously designed a software interface that flawlessly integrates with the L‐70 Air Defence Gun, a mainstay of the Indian Army and numerous other countries. The system boasts versatility, allowing integration with various cue‐able automatic gun platforms for wider deployment. The company made the drone design, development, and manufacturing of the Zen ADS HK within India. This signifies a major leap in domestic defence technology. The company is also committed to providing cutting‐edge solutions for robust air defence. The Zen ADS HK empowers the Indian Army and it positions a leader in the global anti‐drone market.
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About the Company
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 8,000 crore with a 3-year stock price CAGR of 120 per cent. As of March 31, 2023, the total order book is over Rs 1,400 crore. An ace investor, Mukul Agarwal owns a 1.19 per cent stake in Zen Technologies Ltd as of March 2024.
The shares of the company have a 52-week high of Rs 1,130.10 while its 52-week low is Rs 385. The stock gave multibagger returns of 135 per cent in just 1 year, 1,265 per cent returns in 3 years and a whopping 8,000 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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