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- In recent years, defence stocks have garnered significant attention from retail investors, buoyed by the government’s push for indigenous manufacturing initiatives such as “Make in India” and the rising defence budgets alongside modernisation efforts.
- Zen Technologies, a firm specialising in crafting combat training solutions and counter-drone systems for defence and security forces, has seen a consistent rise in its stock value.
- “The surge in Zen Technologies’ stock value is propelled by significant order acquisitions and improved financial results observed over consecutive quarters,” noted a leading financial analyst.
Explore the remarkable ascent of Zen Technologies in the stock market, driven by robust financial performance and strategic order acquisitions.
Financial Milestones and Stock Performance
Zen Technologies has demonstrated a formidable growth trajectory, with its share price increasing from ₹185 to ₹962 over the past three years, culminating in a peak of ₹1,130 recently. This growth represents a return of 420% over three years and an impressive 1252% over the last four years.
Record Financial Results in FY24
The company’s financial health has shown significant improvement, with Q4FY24 revenue surging by 85% to ₹138.04 crore from ₹74.33 crore in the same quarter the previous year. Net profit for the quarter soared to ₹33.04 crore, marking a 50% increase from ₹17.27 crore. For the full fiscal year, revenue from operations witnessed an impressive growth of 167%, escalating to ₹430.28 crore, while net profit experienced a substantial surge of 243%, rising to ₹129.23 crore from ₹37.64 crore in FY23.
Strategic Investments and Future Outlook
Zen Technologies is not resting on its laurels but is actively investing in research and development to expand its product portfolio. The company aims to introduce innovative products tailored to meet the needs of the Indian armed forces and international clients, positioning itself for sustained growth in FY25 and beyond.
Extensive Order Book and Growth Aspirations
With an extensive order book exceeding ₹1,400 crore as of March 31, 2024, Zen Technologies is well-positioned to achieve its sales target of over ₹900 crore in the coming fiscal year. This robust order book serves as a strong foundation for future revenue and profit growth.
Conclusion
Zen Technologies has established itself as a formidable player in the defence sector, with stellar financial performance and strategic growth initiatives. The company’s focus on innovation and market expansion suggests a promising future, making it a potentially lucrative option for investors looking for high growth and multibagger returns in their portfolios.
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