| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 7 | 9 | 34 | 45 | 49 | 48 | 33 | 21 | 5 | 13 | 17 | 22 | 11 | 17 | 17 | 30 | 39 | 37 | 56 | 96 | 135 | 72 | 104 | 147 | 258 | 250 | 174 | 350 | 180 | 200 |
| Expenses | 10 | 10 | 22 | 34 | 26 | 26 | 19 | 16 | 6 | 10 | 13 | 19 | 11 | 16 | 15 | 23 | 26 | 24 | 36 | 61 | 64 | 48 | 57 | 91 | 143 | 162 | 108 | 187 | 94 | 109 |
| EBITDA | -3 | -1 | 13 | 12 | 23 | 22 | 15 | 5 | -1 | 3 | 4 | 4 | -0 | 1 | 2 | 7 | 13 | 13 | 21 | 35 | 72 | 24 | 47 | 56 | 115 | 89 | 66 | 163 | 86 | 91 |
| Operating Profit % | -67 % | -32 % | 36 % | 25 % | 47 % | 46 % | 43 % | 19 % | -41 % | 21 % | 20 % | 14 % | -10 % | -1 % | 6 % | 16 % | 29 % | 30 % | 32 % | 37 % | 52 % | 29 % | 43 % | 36 % | 44 % | 33 % | 29 % | 42 % | 41 % | 37 % |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 6 |
| Interest | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 1 | 0 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 4 | 2 |
| Profit Before Tax | -5 | -3 | 10 | 9 | 21 | 20 | 13 | 3 | -2 | 2 | 3 | 2 | -2 | -1 | 0 | 5 | 11 | 11 | 17 | 33 | 69 | 22 | 44 | 52 | 110 | 82 | 60 | 154 | 76 | 83 |
| Tax | -1 | 1 | 2 | -4 | 6 | 6 | 3 | -17 | -1 | 1 | 1 | 1 | -0 | 0 | 1 | 0 | 4 | 3 | 5 | 10 | 21 | 8 | 14 | 14 | 31 | 19 | 17 | 40 | 23 | 21 |
| Net Profit | -4 | -4 | 9 | 13 | 16 | 14 | 10 | 19 | -2 | 1 | 2 | 2 | -2 | -1 | -0 | 5 | 7 | 8 | 12 | 23 | 48 | 14 | 30 | 38 | 80 | 63 | 43 | 114 | 53 | 62 |
| EPS in ₹ | -0.53 | -0.45 | 1.11 | 1.64 | 2.04 | 1.86 | 1.33 | 2.39 | -0.17 | 0.10 | 0.29 | 0.17 | -0.14 | 0.00 | -0.02 | 0.42 | 0.94 | 0.71 | 1.19 | 2.55 | 5.81 | 1.83 | 3.67 | 4.19 | 9.19 | 7.26 | 4.42 | 11.24 | 5.31 | 6.61 |
Zen Technologies
Zen Technologies
1,406.70
-1.10
(-0.08%)
Market Cap
₹12,701.14 Cr
PE Ratio
48.05
Volume
1,62,216.00
Day High - Low
₹1,419.10 - ₹1,396.60
52W High-Low
₹2,627.00 - ₹945.35
Key Fundamentals
Market Cap
12,701.14 Cr
EPS
32.07
PB Ratio
7.26
Book Value
198.98
EBITDA
431.90
Dividend Yield
0.14 %
Industry
Aerospace & Defense Sector
Engineering ROE Growth %
-
Debt to Equity
0.04
Analyst Rating and Forecast
- By Refinitiv from5 analysts
Actual
Company News
View All News
Zen Technologies Transfers 1,000 Equity Shares Under Employee Stock Option Plan1 day ago
Zen Technologies Limited transferred 1,000 equity shares of face value ₹1 each to eligible employees under its Employee Stock Option Plan-2021 from the company's Employee Welfare Trust upon completion of vesting periods. The transferred shares rank pari-passu with existing equity shares and do not change the company's paid-up share capital of ₹9,02,90,356.
Zen Technologies Wins ₹108 Crore Defense Contract for Tank Simulator Systems3 days ago
Zen Technologies secured a ₹108 crore contract from India's Ministry of Defence to supply tank crew gunnery training simulators, marking a significant milestone over a decade after delivering their first tank simulators to the Indian Army. The order validates the company's indigenous R&D capabilities and represents the initial phase of a larger requirement under the government's simulation-based training framework, with potential for substantial future demand across all three armed services.
Zen Technologies Limited has completed the acquisition of 76% equity stake in Anawave Systems Solutions Private Limited (ASSPL), making it a subsidiary of the company. The acquisition was disclosed to stock exchanges NSE and BSE in compliance with SEBI listing regulations, with detailed disclosures provided in their earlier communication dated November 05, 2025.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
4,542.40 | #1 3,03,784.36 | #1 37.24 | #1 33,542.60 | 3.92 | #1 8,364 | 10.50 | 41.71 | |
411.75 | 3,00,980.14 | 54.30 | 24,511.10 | 17.06 | 5,287 | 17.79 | 47.35 | |
13,272.00 | 1,20,098.40 | 90.28 | 7,611.10 | 24.49 | 1,288 | 18.99 | 39.72 | |
2,679.60 | 1,08,089.70 | 48.89 | 12,553.10 | 18.78 | 2,277 | 28.10 | 42.23 | |
1,513.60 | 55,482.90 | 87.21 | 3,695.50 | 35.31 | 550 | 76.24 | 49.13 | |
2,793.20 | 31,996.66 | 54.29 | 5,410.50 | 39.01 | 527 | 57.26 | 55.29 | |
2,970.80 | 16,631.72 | 74.50 | 113.70 | 2.06 | 4 | 62.38 | 56.50 | |
1,406.70 | #8 12,701.14 | #2 48.05 | #8 1,032.00 | #1 126.91 | #7 299 | #9 -2.37 | 50.36 | |
932.40 | 8,852.67 | 58.52 | 1,068.70 | 16.10 | 154 | -5.91 | 31.67 | |
263.20 | 8,778.57 | 119.03 | 565.00 | 51.27 | 56 | #1 91.08 | 40.43 |
Growth Rate
Revenue Growth
126.91 %
Net Income Growth
131.12 %
Cash Flow Change
-1,189.94 %
ROE
-37.92 %
ROCE
-41.16 %
EBITDA Margin (Avg.)
-2.74 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 177 | 167 | 146 | 219 | 214 | 223 | 369 | 474 | 751 | 2,049 |
| Fixed Assets | 47 | 44 | 45 | 63 | 73 | 70 | 67 | 75 | 93 | 208 |
| Current Assets | 125 | 104 | 80 | 134 | 117 | 130 | 275 | 377 | 618 | 1,604 |
| Capital Work in Progress | 0 | 15 | 17 | 0 | 0 | 0 | 3 | 2 | 11 | 7 |
| Investments | 0 | 0 | 0 | 8 | 2 | 2 | 2 | 2 | 0 | 4 |
| Other Assets | 130 | 108 | 85 | 147 | 139 | 152 | 297 | 394 | 646 | 1,830 |
| Total Liabilities | 177 | 167 | 146 | 219 | 214 | 223 | 369 | 474 | 751 | 2,049 |
| Current Liabilities | 62 | 46 | 20 | 73 | 13 | 10 | 72 | 140 | 270 | 244 |
| Non Current Liabilities | 5 | 9 | 7 | 10 | 3 | 3 | 7 | 3 | 14 | 69 |
| Total Equity | 111 | 112 | 120 | 135 | 198 | 211 | 290 | 330 | 466 | 1,736 |
| Reserve & Surplus | 103 | 105 | 112 | 123 | 179 | 197 | 198 | 231 | 440 | 1,692 |
| Share Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -4 | 0 | 0 | -32 | 38 | 5 | 0 | 91 | -75 | 38 |
| Investing Activities | -4 | 0 | 0 | 13 | -12 | -10 | -44 | -4 | -85 | -823 |
| Operating Activities | -20 | 0 | 0 | -49 | 62 | 6 | -44 | 116 | 13 | -146 |
| Financing Activities | 20 | 0 | 0 | 5 | -12 | 9 | 88 | -22 | -3 | 1,007 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | May 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Aug 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 60.19 % | 60.19 % | 60.19 % | 60.19 % | 60.19 % | 60.19 % | 60.19 % | 60.19 % | 60.14 % | 57.45 % | 57.45 % | 57.45 % | 55.07 % | 55.07 % | 55.07 % | 51.26 % | 51.26 % | 49.05 % | 49.05 % | 49.05 % | 48.51 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 4.83 % | 0.00 % | 3.84 % | 3.08 % | 5.86 % | 5.72 % | 8.29 % | 5.95 % | 6.03 % | 5.95 % |
| DIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.11 % | 0.11 % | 0.15 % | 0.00 % | 0.21 % | 0.16 % | 2.53 % | 3.32 % | 3.38 % | 8.10 % | 8.05 % | 8.98 % | 9.48 % | 8.76 % | 7.93 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 31.72 % | 31.43 % | 32.92 % | 32.94 % | 32.82 % | 32.75 % | 31.82 % | 31.82 % | 30.71 % | 30.99 % | 32.14 % | 31.21 % | 30.69 % | 31.00 % | 31.42 % | 28.30 % | 28.64 % | 27.38 % | 29.41 % | 29.95 % | 31.59 % |
| Others | 8.09 % | 8.38 % | 6.88 % | 6.87 % | 6.99 % | 7.06 % | 7.88 % | 7.89 % | 9.01 % | 11.56 % | 10.19 % | 6.35 % | 11.71 % | 6.77 % | 7.05 % | 6.48 % | 6.33 % | 6.31 % | 6.11 % | 6.21 % | 6.02 % |
| No of Share Holders | 34,233 | 37,320 | 1,00,477 | 96,275 | 1,14,705 | 1,18,806 | 1,16,610 | 1,22,339 | 1,08,420 | 1,12,582 | 1,27,208 | 1,59,766 | 1,61,995 | 1,70,421 | 2,01,211 | 2,19,797 | 2,29,479 | 2,37,733 | 2,83,289 | 3,11,948 | 3,25,978 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.15 | 0.1 | 0.3 | 0.4 | 0.1 | 0.1 | 0.2 | 1 | 2 |
| Dividend Yield (%) | 0.00 | 0.13 | 0.14 | 1.32 | 0.52 | 0.05 | 0.03 | 0.02 | 0.07 | 0.14 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 20 Aug 2021 |  Dividend | ₹ 0.10 /share | 18 Aug 2021 | 74.45 | 82.60 |
| 22 Sept 2022 | Dividend | ₹ 0.10 /share | 21 Sept 2022 | 186.70 | 209.80 |
| 08 Sept 2023 | Dividend | ₹ 0.20 /share | 08 Sept 2023 | 286.25 | 829.85 |
| 06 Sept 2024 | Dividend | ₹ 1.00 /share | 06 Sept 2024 | 1,087.85 | 1,671.70 |
| 14 Sept 2024 |  Annual General Meeting | NA | 14 Sept 2024 | 1,786.75 | 1,668.80 |
| 02 Nov 2024 |  Quarterly Result Announcement | NA | 02 Nov 2024 | 1,696.80 | 1,878.40 |
| 14 Feb 2025 | Quarterly Result Announcement | NA | 14 Feb 2025 | 1,643.20 | 1,450.70 |
| 17 May 2025 | Quarterly Result Announcement | NA | 17 May 2025 | 1,406.35 | 1,794.75 |
| 26 Jul 2025 | Quarterly Result Announcement | NA | 26 Jul 2025 | 1,860.45 | 1,776.90 |
| 15 Aug 2025 | Dividend | ₹ 2.00 /share | 14 Aug 2025 | 1,794.75 | 1,406.40 |
| 23 Aug 2025 | Annual General Meeting | NA | 23 Aug 2025 | 1,794.75 | 1,492.85 |
| 25 Oct 2025 | Quarterly Result Announcement | NA | 25 Oct 2025 | 1,349.10 | 1,397.05 |
Announcements
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order4 days ago
4 days agoDisclosure Under Regulation 30(7) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 20157 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 17, 2025
Nov 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSNov 11, 2025
Nov 11, 2025Transfer Of Equity Shares Pursuant To Exercise Of Options Granted Under Zen Technologies Limited Employee Stock Option Plan-2021Nov 10, 2025
Nov 10, 2025Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 - AcquisitionNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 03, 2025
Nov 03, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 02, 2025
Nov 02, 2025Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations) - Resignation Of Chief Financial Officer (Key Managerial Personnel) Of The CompanyNov 02, 2025
Nov 02, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateNov 02, 2025
Nov 02, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderOct 31, 2025
Oct 31, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportOct 30, 2025
Oct 30, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 30, 2025
Oct 30, 2025Clarification On Spurt In Volume Of The Scrip Of The CompanyOct 28, 2025
Oct 28, 2025Clarification sought from ZEN Technologies LtdOct 28, 2025
Oct 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 27, 2025
Oct 27, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 26, 2025
Oct 26, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 26, 2025
Oct 26, 2025Announcement under Regulation 30 (LODR)-Investor PresentationOct 26, 2025
Oct 26, 2025Grant Of Employee Stock Options (Esops) Under Zen Technologies Limited Employee Stock Option Plan - 2021Oct 25, 2025
Oct 25, 2025Standalone And Consolidated Un-Audited Financial Results For The Quarter Ended September 30 2025Oct 25, 2025
Oct 25, 2025Board Meeting Outcome for Outcome Of Board MeetingOct 25, 2025
Oct 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 22, 2025
Oct 22, 2025Board Meeting Intimation for Consideration And Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter Ended September 30 2025.Oct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 17, 2025
Oct 17, 2025Disclosure Under Regulation 30(7) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Oct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 11, 2025
Oct 11, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderOct 10, 2025
Oct 10, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 06, 2025
Oct 06, 2025Intimation Of Receipt Of No-Objection Letter For Reclassification From Promoter Category To Public Category Shareholder In Accordance With Regulation 31A Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) RegulSep 27, 2025
Sep 27, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Intimation Of Cessation Of SubsidiarySep 19, 2025
Sep 19, 2025UpdateSep 16, 2025
Sep 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 01, 2025
Sep 01, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 29, 2025
Aug 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 29, 2025
Aug 29, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 26, 2025
Aug 26, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 23, 2025
Aug 23, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Credit RatingAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 03, 2025
Aug 03, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 02, 2025
Aug 02, 2025Clarification On Spurt In Volume Of The Scrip Of The Company.Aug 01, 2025
Aug 01, 2025Clarification sought from ZEN Technologies LtdAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 01, 2025
Aug 01, 2025Mutual Fund Holdings
Kotak Infrastructure and Economic Reform Fund Direct-Growth 
Motilal Oswal ELSS Tax Saver Fund Direct-Growth 
Aditya Birla Sun Life Nifty India Defence Index Fund Direct-Growth 
Navi Aggressive Hybrid Fund Direct - Growth 
Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct-Growth 
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth 
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth 
Axis Nifty500 Momentum 50 Index Fund Direct-Growth 
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund Direct-Growth 
HDFC Nifty Smallcap 250 Index Fund Direct-Growth 
ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth 
SBI Nifty 500 Index Fund Direct-Growth 
Bandhan Nifty 500 Momentum 50 Index Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 50.55
ATR(14)
Less Volatile 47.32
STOCH(9,6)
Neutral 41.92
STOCH RSI(14)
Neutral 49.21
MACD(12,26)
Bullish 3.28
ADX(14)
Weak Trend 11.90
UO(9)
Bearish 40.50
ROC(12)
Uptrend And Accelerating 1.68
WillR(14)
Neutral -55.33
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