Zen Technologies Ltd

Zen Technologies Ltd

₹ 926 -3.41%
28 May - close price
About

Zen Technologies Limited was incorporated in 1996. The company designs develop and manufacture combat training solutions and Counter-drone solutions for defense 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. [1] [2] [3]

Key Points

Product Portfolio
1 Training Simulation Equipment: A leader in defence training solutions
2 Counter-Drone Solutions: Anti drone systems are used to detect or intercept unwanted drones and unmanned aerial vehicles (UAVs). System can detect and deactivate drones of any size within a 4-km radius.
3 Annual Maintenance Contract(AMC): A recurring revenue stream with exceptional
profitability margins.

  • Market Cap 7,780 Cr.
  • Current Price 926
  • High / Low 1,130 / 352
  • Stock P/E 61.0
  • Book Value 53.9
  • Dividend Yield 0.02 %
  • ROCE 47.3 %
  • ROE 33.1 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 46.0% CAGR over last 5 years
  • Company's median sales growth is 17.8% of last 10 years

Cons

  • Stock is trading at 17.2 times its book value
  • Promoter holding has decreased over last 3 years: -5.12%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Aerospace & Defence Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
19 9 16 12 16 33 21 33 74 132 64 98 136
17 9 15 11 16 22 16 25 48 66 42 54 91
Operating Profit 2 -0 1 1 -0 11 5 8 26 66 22 44 45
OPM % 12% -1% 7% 8% -1% 34% 26% 25% 35% 50% 34% 45% 33%
1 1 1 1 2 2 3 4 0 3 5 4 5
Interest 0 0 0 0 1 1 1 0 0 0 0 0 1
Depreciation 1 1 1 1 1 1 1 1 1 1 2 2 2
Profit before tax 2 -0 1 1 1 12 7 11 25 67 24 46 47
Tax % 31% 23% 11% 80% -97% 31% 30% 29% 30% 30% 29% 31% 30%
1 -0 1 0 1 8 5 8 17 47 17 32 33
EPS in Rs 0.17 -0.04 0.11 0.02 0.18 1.03 0.58 0.95 2.17 5.61 2.06 3.77 3.93
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
37 46 79 53 62 39 92 147 50 54 161 430
33 46 58 48 50 41 70 83 42 52 110 253
Operating Profit 5 1 21 4 12 -2 23 64 8 2 51 177
OPM % 12% 1% 27% 8% 19% -5% 24% 43% 16% 4% 32% 41%
5 4 3 5 4 4 3 2 3 5 9 16
Interest 2 2 2 2 3 2 5 3 1 1 2 2
Depreciation 2 2 2 4 4 3 4 4 4 4 4 7
Profit before tax 6 0 20 3 9 -3 17 59 6 2 54 184
Tax % 15% 18% 21% 21% 20% 86% -13% -3% 28% -9% 30% 30%
5 0 16 2 7 -0 19 61 4 2 38 129
EPS in Rs 0.53 0.01 2.04 0.30 0.96 -0.05 2.49 7.84 0.52 0.25 4.73 15.38
Dividend Payout % 19% 858% 2% 33% 16% -198% 12% 5% 19% 39% 4% 0%
Compounded Sales Growth
10 Years: 25%
5 Years: 36%
3 Years: 106%
TTM: 167%
Compounded Profit Growth
10 Years: 107%
5 Years: 46%
3 Years: 215%
TTM: 252%
Stock Price CAGR
10 Years: 56%
5 Years: 66%
3 Years: 133%
1 Year: 158%
Return on Equity
10 Years: 15%
5 Years: 18%
3 Years: 18%
Last Year: 33%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 8 8 8 8 8 8 8 8 8 8 8
Reserves 98 91 103 105 112 111 129 187 205 281 309 445
13 18 40 41 9 10 42 1 1 12 6 1
5 12 27 14 16 36 45 18 10 56 124 264
Total Liabilities 126 128 178 167 144 165 224 213 224 358 446 718
29 49 47 44 45 65 63 64 62 59 67 79
CWIP 3 1 0 15 17 0 0 0 0 3 2 10
Investments 0 0 0 0 0 2 13 16 24 24 24 26
94 78 130 108 82 98 147 133 137 272 353 603
Total Assets 126 128 178 167 144 165 224 213 224 358 446 718

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
39 10 0 43 5 19 -44 64 13 -44 99 21
-3 -8 0 -9 30 -12 7 -11 -18 -43 -3 -82
-21 -7 0 -3 -8 -5 5 -21 10 87 -18 -6
Net Cash Flow 15 -5 0 30 26 3 -32 32 5 0 78 -67

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 127 90 276 56 120 212 290 110 128 133 150 143
Inventory Days 212 295 225 242 237 1,181 496 97 396 625 368 355
Days Payable 53 63 47 52 89 355 106 48 114 147 33 70
Cash Conversion Cycle 286 322 455 246 267 1,038 681 159 410 612 484 429
Working Capital Days 236 143 281 138 150 80 295 180 548 830 157 152
ROCE % 6% 2% 16% 3% 9% -0% 14% 33% 3% 1% 17%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.19% 60.19% 60.19% 60.19% 60.19% 60.19% 60.19% 60.14% 57.45% 57.45% 55.07% 55.07%
0.00% 0.01% 0.35% 0.29% 0.32% 0.33% 0.30% 1.29% 3.47% 4.84% 4.65% 3.84%
0.00% 0.00% 0.00% 0.00% 0.01% 0.11% 0.11% 0.15% 0.21% 0.15% 3.09% 3.31%
39.81% 39.80% 39.46% 39.52% 39.13% 39.03% 39.05% 37.82% 38.11% 36.80% 36.42% 37.15%
0.00% 0.00% 0.00% 0.00% 0.35% 0.35% 0.35% 0.61% 0.76% 0.76% 0.76% 0.62%
No. of Shareholders 37,3201,00,47796,2751,14,7051,18,8061,16,6101,22,3391,08,4201,27,2081,59,7661,61,9951,70,421

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls