Turnaround Story: This small-cap aerospace and defence company posted a 200 per cent growth in revenue; do you hold it?

Shares of the company have gained about 50 per cent in the last six months.

Zen Technologies Limited develops and manufactures combat training solutions for the training of 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 and the USA. 

In FY23, on a standalone basis, the company of the company grew by 200.58 per cent which stood at Rs 161.44 crore. While the PAT of the company grew by 1763.37 per cent staying at Rs 37.64 crore. The company has an order book of Rs 473 crore as of 31st March 2023. The company spends about Rs 19 crore on research and development of its product to maintain its leadership position in the market and which also gives itself an upper hand over others. 

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Today, the stock opened at Rs 312.70 and touched a high and low of Rs 316.95 and Rs 307.90. Currently, the stock is trading at 314.40, up by 2.09 per cent.   

The stock has a 52-week high of Rs 342 and a 52-week low of Rs 144.95. The company has a ROCE of 23.9 per cent and an ROE of 13.9 per cent. The company is a constituent of group B stocks with a market capitalisation of Rs 2499 crore.