ZEN Technologies Limited

NSE: ZENTEC · Aerospace & Defense · sector

₹1,544.70NSE close 2026-10-26

Key numbers

Market cap₹13,947 cr

Price₹1,544.70

52w high / low₹2,044 / ₹1,223

P/E77.1xSector median 75.3x

P/B7.4xSector median 8.2x

Book value₹209.2

Dividend yield0.13%Sector median 0.15%

ROE10.3%Sector median 12.6%

ROCE14.6%Sector median 13.7%

OPM32.6%Sector median 20.9%

Debt / equity0.00xSector median 0.11x

EV/EBITDA62.1xSector median 59.6x

Interest cover34.9x

Current ratio8.86x

Sales growth 3y+46.5%Sector median +15.9%

Profit growth 3y+65.4%Sector median +32.2%

PEG1.32x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Aerospace & Defense (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹355 cr vs borrowings ₹3 cr (FY26): cash is higher (net cash).
Operating profit covered interest 34.9x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY24, FY22).
Revenue was higher than a year earlier in 1 of the last 4 quarters.
Other income was 45% of net profit in the last 12 months.
Debtor days went from 153 (FY24) to 119 (FY26).
Dividend paid in 5 of the last 5 financial years.
Price ₹1,544.70 on 2026-10-26: -24.4% from the 52-week high, +26.3% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹2,533.45 · low ₹1,040.95

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	242	152	325	158	174	178	178	142
EBITDA	80	44	138	65	66	67	51	35
OPM %	33.1%	29.0%	42.5%	40.9%	37.8%	37.6%	28.6%	25.0%
Other income	8	22	25	22	25	16	23	19
Net profit	63	40	99	50	59	60	32	34
EPS (₹)	7.26	4.42	11.24	5.31	6.61	6.09	3.51	3.83
Revenue YoY					-28.2%	+16.8%	-45.2%	-10.5%
Profit YoY					-6.7%	+52.7%	-68.1%	-30.4%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	70	219	440	974	688	671
EBITDA	4	75	183	374	248	219
Net profit	2	43	128	278	193	186
EPS (₹)	0.25	5.39	15.45	32.07	21.52	20.04
Revenue growth		+213.8%	+101.0%	+121.4%	-29.4%	-23.5%
Profit growth		+2,047.7%	+199.2%	+117.2%	-30.3%	-26.2%
Dividend / share (₹)	0.10	0.10	0.20	1.00	2.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+46.5%	+65.9%	-23.5%
Net profit	+65.4%	+133.7%	-26.2%
EPS	+58.6%	+123.0%	–
Share price	–	-6.9% (2y)	+15.2%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	316	449	1,701	1,889
Borrowings	–	6	6	54	3
Cash & equivalents	–	167	158	966	355
Total assets	–	474	750	2,049	2,160
Fixed assets	–	68	87	106	137
Capital work in progress	–	2	10	4	13
Investments	–	2	0	4	6
Receivables	–	85	184	410	224
Inventory	–	49	169	119	188
Payables	–	7	32	25	49

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	-44	116	13	-146	245
Cash from investing	-44	-4	-85	-823	-162
Cash from financing	88	-22	-3	1,007	-78
Capex	4	13	30	32	59
Free cash flow	-49	103	-16	-179	186

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	13.5%	28.5%	16.3%	10.2%
ROCE %	–	23.5%	41.4%	23.7%	16.3%
Debtor days	–	142	153	154	119
Inventory days	–	305	523	118	415
Payable days	–	42	99	25	109
Cash conversion cycle (days)	–	405	577	247	425
Working capital days	–	394	289	510	732

Shareholding

Holder	% (2026-09-30)
Promoters	48.51%
FIIs	6.60%
DIIs	10.76%
of which Mutual funds	7.71%
of which Insurance	0.08%
Public (non-institutions)	33.60%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	49.05%	49.05%	49.05%	48.51%	48.51%	48.51%	48.51%	48.51%

Promoter group	%
Ashok Atluri	21.65%
Kishore Dutt Atluri	16.33%
Rama Devi Atluri	2.96%
Tara Dutt Atluri	2.09%
Satish Atluri	1.31%
Arjun Dutt Atluri	1.11%
Anisha Atluri	1.11%
Abhilasha Atluri	1.11%
Beena Atluri	0.50%
Nagarjunudu Kilaru	0.17%
Indira Garapati	0.13%
Nandita Sethi	0.06%

Public holders above 1%	%
Motilal Oswal Elss TAX Saver Fund	6.45%
Logical Solutions Limited	1.05%

2,80,036 shareholders. Pledged: 0.00% of promoter shares.

Peers in Aerospace & Defense

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
HAL	₹3,19,342 cr	34.3x	7.8x	24.5%	30.2%	29.6%	+7.1%	1.05%
BEL	₹2,65,346 cr	43.2x	11.1x	28.0%	34.1%	28.6%	+15.9%	0.79%
BDL	₹37,719 cr	72.4x	8.9x	12.6%	16.8%	12.7%	-0.6%	0.51%
GRSE	₹21,411 cr	26.7x	8.2x	34.0%	41.2%	11.1%	+39.8%	0.95%
DATAPATTNS	₹21,133 cr	78.8x	12.2x	16.5%	21.4%	39.3%	+26.8%	0.21%
AEQUS	₹16,257 cr	–	10.9x	-7.6%	1.1%	7.6%	–	–
APOLLO	₹15,269 cr	118.8x	11.6x	12.7%	11.6%	22.6%	+44.9%	0.06%
ASTRAMICRO	₹14,226 cr	75.3x	10.8x	15.7%	18.6%	28.6%	+12.6%	0.15%
ZENTEC	₹13,947 cr	77.1x	7.4x	10.3%	14.6%	32.6%	+46.5%	0.13%
PARAS	₹10,105 cr	107.0x	13.9x	13.8%	17.5%	26.1%	+28.9%	0.04%

All 29 companies in Aerospace & Defense →

Dividends & corporate actions

Ex-date	Action	Detail
2026-08-21	Dividend	Dividend - Re 1 Per Share
2025-08-14	Dividend	Dividend - Rs 2 Per Share
2024-09-06	Dividend	Dividend - Re 1 Per Share
2023-09-08	Dividend	Dividend - Re 0.20 Per Share
2023-09-08	Other	Annual General Meeting
2022-09-21	Dividend	Annual General Meeting/Dividend - Re 0.10 Per Share
2021-08-18	Dividend	Annual General Meeting/Dividend - Rs 0.10 Per Share
2020-09-10	Dividend	Annual General Meeting/Dividend - Rs 0.40 Per Share
2019-09-12	Dividend	Annual General Meeting/Dividend - Rs 0.30 Per Share
2018-09-19	Dividend	Annual General Meeting/Dividend Re 0.10 Per Share
2017-09-19	Dividend	Annual General Meeting/Dividend - Re 0.15 Per Share
2016-09-15	Dividend	Annual General Meeting/Dividend - Re 0.10 Per Share
2015-09-18	Dividend	Annual General Meeting/ Dividend - Re 0.35/- Per Share

Documents

Links go to the original files on the exchange website.

About the company

Designing, Developing and Manufacturing Combat Training Solutions for Homeland Security and Counter Drone Technology: Computer, electronic, Communication and scientific measuring & control equipment


Sector	Industrials
Industry	Aerospace & Defense
Sub-industry	Aerospace & Defense
Symbol	ZENTEC
BSE code	533339
ISIN	INE251B01027
Face value	₹1.0
Incorporated	1993-06-29
Website	www.zentechnologies.com
Plants (India / abroad)	1 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.