Rs 1,400 Order Book: Mukul Agrawal Sold Entire Stake in This Defence Company: Stock Hit 52-Week High and Upper Circuit on Friday!
The company’s shares have delivered an impressive return of over 140 per cent to its shareholders.
Zen Technologies Limited, founded in 1996, specializes in designing, developing, and manufacturing combat training and counter-drone solutions for defense and security forces. The company focuses on indigenizing technologies to benefit the Indian armed forces, state police, and paramilitary forces. Headquartered in Hyderabad, India, Zen Technologies also has offices in the UAE and the USA.
Ace investor Mukul Agrawal sold his entire stake of 1.19 per cent in Zen Technologies Limited as of Q1 FY25. On Friday, the company's stock hit a 52-week high and was locked in the upper circuit, accompanied by a notable surge in trading volume.
Order Book of Zen Technologies Limited
As of July 2023, the company held a robust order book valued at Rs. 1,401.97 crore. This includes AMC orders amounting to Rs. 261.89 crore and equipment orders totaling Rs. 1,140.08 crore. In Q4 FY24, the company secured orders worth Rs. 103.37 crore and executed orders worth Rs. 135.77 crore. Of the Rs. 1,401.97 crore order book, Rs. 437.17 crore pertains to export orders, while Rs. 964.82 crore is for domestic orders. The order book for training simulators stands at Rs. 790.80 crore, and for anti-drone systems, it is Rs. 611.17 crore.
Zen Technologies Limited shares ended Friday’s trading session at around Rs 1531.30 per share. The company’s current market capitalization stands at Rs 12,869.70 crore. The stock has delivered a return of over 140 per cent in the past 1 year.
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As per the Quarterly Results, in Q4 FY24, Zen Technologies Limited recorded a revenue of Rs 141 crore. The operating profit for Q4 FY24 stood at Rs 50 crore. The net profit for Q4 FY24 was Rs 38 crore. Looking at the annual performance, the company generated a revenue of Rs 440 crore in FY24. The operating profit for FY24 was Rs 181 crore with a net loss of Rs 130 crore.
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Disclaimer: The article is for informational purposes only and not investment advice.