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.
Also Read: Promoter bought 12,60,000 shares of this debt-free multibagger penny stock under Rs 2: Company announces strategic business expansion – details inside!
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.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Rs 749 crore order book and FIIs & DIIs increase stake: This multibagger IT-engineering company bags order worth Rs 100 crore from Indian Army
-
Mukul Agarwal gains Rs 41,44,137 in just 2 days from this multibagger aerospace & defence stock with Rs 1,434.38 crore order book; Reports stellar Q3FY24 & 9MFY24 results!
-
Mukul Agrawal gains Rs 18,94,463 in just one day with Rs 1,487 crore order book; Company receives new order worth Rs 100 crore from Ministry of Defence!
-
Mukul Agarwal's portfolio multibagger stock & Rs 1,467.32 crore order book: This drone company receives order worth Rs 227.65 crore from Ministry of Defence!
-
Rs 1,500 crore order book: This multibagger aerospace & defence company receives order worth Rs 227.65 crore from the Ministry of Defence!
-
Rs 1,275 crore order book: This multibagger aerospace & defence company receives order worth Rs 123.3 crore from the Ministry of Defence!
-
Rs 22,000 crore order book: This multibagger shipbuilding & repair company bags a new order worth Rs 1,100 crore from Wilson ASA, Norway
-
Rs 70,000 crore order book: LIC-backed multibagger civil construction stock in focus as company to increase the authorized share capital from Rs 200 crore to Rs 1,000 crore
-
Rs 85,000 crore order book: This multibagger railway infra company incorporated subsidiary company in DUBAI; details inside!
-
After Rs 7,000 crore orders from Adani Group, this heavy electrical equipment company likely to bags another huge order worth Rs 13,300 crore from Damodar Valley Corporation
-
Rs 85,000 crore order book: This multibagger railway infra company bags new orders worth Rs 229,20,48,323.26 from Ministry of Railways
-
6,00,000 shares of Promoter of this Multibagger solar EPC & EV manufacturing company revoked; Order book stands at Rs 3,100 & Stock gains over 5,700 per cent!
-
Vijay Kedia's portfolio civil construction stock delivers multibagger returns of 180 per cent in just 10 months with Rs 2,235 crore order book; do you own it?
-
5:1 stock split & 2.36-GW order book: This solar power generation company bags new order worth Rs 4,12,20,000
-
Rs 300 crore order book: This multibagger cylinder manufacturing company bags new order worth Rs 55 crore from Indian Oil Corporation Limited (IOCL)
-
Rs 58,415 crore order book: This multibagger engineering & construction company bags new order worth Rs 2,333 crore
-
Rs 7,102 crore order book: Multibagger railway wagons company achieves significant milestones in battery technology for Indian Railways
-
Rs 3,300 crore order book: This multibagger civil construction company bags new orders worth Rs 152.11 crore from Office of Superintending Engineer
-
Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 100 crore from REC Ltd
-
Rs 38,389 crore order book & Rs 35,000 crore order likely from Ministry of Defence: Debt-free multibagger shipbuilding stock gains over 3 per cent; details inside!