Rs 956.74 Crore Order Book: Multibagger Defence Drone Company Celebrates Patent Grant for T90 Containerized Crew Gunnery Simulator

The stock gave multibagger returns of 140 per cent in just 1 year, 2,940 per cent returns in 5 years and a whopping 3,600 per cent in a decade.

On Tuesday, shares of Zen Technologies Limited surged 0.25 per cent to Rs 1,818.25 per share from its previous closing of Rs 1,813.80 with an intraday high of Rs 1,847 and an intraday low of Rs 1,812. The shares of the company saw a spurt in volume by more than 1.3 times on BSE.

Zen Technologies Limited is proud to announce the recent grant of its 20th patent in 2024, specifically for the innovative "T90 Containerized Crew Gunnery Simulator." This significant achievement marks the company's 10th patent in the current financial year, solidifying its position as a leader in the field of military training simulators. The T90 CGS is a cutting-edge system designed to enhance the gunnery proficiency of T-90 tank commanders and gunners by providing a highly realistic and immersive training environment. By replicating the interior of a T-90 turret and incorporating advanced motion platforms, the simulator enables trainees to practice various combat scenarios, including firing exercises and crew integration.

The T90 CGS is a testament to Zen Technologies' commitment to advancing defence technology and promoting self-reliance in India's defence manufacturing sector. This innovative simulator offers a cost-effective and localized training solution for the Indian Armed Forces, addressing the critical need for proficient tank crews. Moreover, the system's versatility and adaptability make it suitable for international markets, catering to diverse operational requirements. By providing a realistic and immersive training experience, the T90 CGS empowers tank crews to achieve optimal performance and readiness, ultimately contributing to enhanced national security.

About the Company

Zen Technologies is a leader in state-of-the-art defence training solutions and anti-drone systems. With over three decades of experience, Zen has built a stellar reputation in defence training and combat readiness measurement for security forces. Zen specializes in the Indigenous design, development and manufacture of sensor and simulator technology-based defence training and anti-drone systems. Serving the Ministry of Defence, security forces, police, and paramilitary forces, Zen has a dedicated R&D facility in Hyderabad, recognized by the Ministry of Science and Technology, Government of India. Zen has filed for over 150 patents and has shipped more than 1,000 training systems worldwide.

According to Quarterly Results, the net sales increased by 264 per cent to Rs 241.84 crore, the operating profit increased by 264 per cent to Rs 88.48 crore and the net profit increased by 365 per cent to Rs 63.44 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 150 per cent to Rs 496.46 crore, the operating profit increased by 112 per cent to Rs 202.94 crore and the net profit increased by 130 per cent to Rs 142.93 crore in H1FY25 compared to H1FY24. Looking at 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.

The company has a market cap of over Rs 16,000 crore with a 3-year stock price CAGR of 140 per cent. As of September 30, 2024, the total order book is Rs 956.74 crore. In September 2024, FIIs increased their stake to 5.72 per cent and DIIs increased their stake to 8.05 per cent compared to June 2024. The stock gave multibagger returns of 140 per cent in just 1 year, 2,940 per cent returns in 5 years and a whopping 3,600 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.