Zen Technologies share price, P/E, ROE & financials

As of 6 Nov 2026, Zen Technologies trades at 73.5× trailing earnings, above the industry P/E of 54.7×, and the shares are 16% below their 52-week high. Sales and net profit grew 46% and 65% a year over 3 years, with ROCE of 15% and ROE of 12%. It carries very little debt, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹15,478 Cr, ranked 9th of 27 Aerospace & Defense companies by market cap; the shares rose 23% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹1,710.00
Day high: ₹1,728.40
Day low: ₹1,670.00
Prev. close: ₹1,724.50
Volume: 2.6 L

Health check

4 good · 1 fair · 1 to check

ReturnsAhead
+22.6% over a year, better than 6 of 7 peers.
Price tagPricier
P/E 73.5 vs industry 54.7.
GrowthStrong
Sales +46.5%, profit +65.4% a year over 3 years.
ProfitabilityAverage
ROCE 15.4% vs peer median 20.4%.
Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
Red flagsNone found
No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Aerospace & Defense

26 listed peers. Screen the industry

Small cap

₹15,478 Cr, #9 of 27 in its industry by size.

Defensive

Beta 0.40 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹843 Cr · profit ₹210 Cr

Market cap: ₹15,478 Cr; Small cap
P/E: 73.5; Industry 54.7
Price to book: 7.78; Peers 9.16
Dividend yield: 0.06%
ROE: 12.1%; Peers 23.2%
ROCE: 15.4%; Peers 20.4%
Debt to equity: 0.01; Debt ₹29 Cr
EPS (TTM): ₹23.40; Face value ₹1
OPM (TTM): 34.2%; Net margin 25.0%
Sales growth: +98.8%; Latest quarter vs a year ago
Profit growth: +50.9%; Latest quarter vs a year ago
Price to sales: 18.37; EV/EBITDA 52.2

Strengths

Practically debt-free.
Quarterly profit up 50.9% on a year ago.
Quarterly sales up 98.8% on a year ago.
Net margin of 25.0%.
Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Zen Technologies

Zen Technologies Limited, together with its subsidiaries, engages in the design, development, manufacture, and sale of training simulators in India and internationally. It provides anti-drone systems; training and simulation live ranges, comprising smart and multi-functional target systems, tank targets, master control station for live-firing ranges, air-to-ground firing range scoring system, containerized tubular and indoor shooting range, shoot house…

Headquarters: Hyderabad
Employees: 421
Sector: Industrials
ISIN: INE251B01027
Website: zentechnologies.com

Price range

52 weeks

₹1,223.00₹2,043.70

Today

₹1,670.00₹1,728.40

Avg volume (3M): 4.4 L
1-year return: plus 22.6%
From 52-week high: minus 15.8%

Analyst consensus

6 analysts

BuyMean target ₹1,967.17 14.3%

Target range, with today’s price

Low ₹1,700.00High ₹2,170.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Aerospace & Defense

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
HALHindustan Aeronautics	4,980.00	minus 1.25%	3,33,050	35.7	28.5	13.8%	25.3%	0.00	6.4%	plus 7.6%
BELBharat Electronics	396.00	plus 0.23%	2,89,467	45.3	33.7	31.9%	28.2%	0.00	15.5%	minus 4.8%
MAZDOCKMazagoan Dock Shipbuilders	1,840.00	plus 0.05%	74,222	30.3	21.9	28.5%	16.2%	0.08	19.6%	minus 31.5%
BDLBharat Dynamics	1,060.00	minus 1.40%	38,856	74.6	152.1	7.2%	12.8%	0.00	−0.9%	minus 27.4%
COCHINSHIPCochin Shipyard	1,220.00	minus 1.05%	32,096	47.2	30.3	16.7%	12.6%	0.28	26.9%	minus 30.3%
GRSEGarden Reach Shipbuilders & Engineers	2,135.70	minus 0.07%	24,465	30.6	25.8	36.8%	11.0%	0.01	40.0%	minus 16.4%
DATAPATTNSData Patterns (India)	3,767.70	minus 4.85%	21,093	87.8	54.8	20.4%	39.6%	0.00	26.8%	plus 46.6%
ZENTECZen Technologies	1,720.80	minus 0.21%	15,478	73.5	59.4	15.4%	34.2%	0.01	46.5%	plus 22.6%
Median of 7 peers	–	−1.05%	38,856	45.3	30.3	20.4%	16.2%	0.00	19.6%	−16.4%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
158	–	178	178	142	345
93.5	–	111	127	103	213
64.7	89.9	66.8	51	38.7	132
40.9%	–	37.6%	28.6%	27.3%	38.2%
21.3	–	15.3	21.3	18.9	15.6
3.5	–	2.7	2	1.1	1.1
6.3	–	6.5	5.8	7.9	8.7
–	0.9	–	–	−3.4	–
76.2	–	72.9	64.4	45.3	138
30.4%	–	23.6%	26.7%	29.6%	26.0%
47.8	–	54.8	31.5	34.5	89.5
5.31	–	6.09	3.51	3.83	3.83

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +46.5%
Profit CAGR 3Y: +65.4%
EPS CAGR 3Y: +60.5%
ROE: 12.1%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
219	440	974	688
–	+101.0%	+121.4%	minus 29.4%
146	255	589	440
72.6	184	385	247
33.2%	41.9%	39.5%	36.0%
5.8	13.1	56.1	81.3
2.7	0.5	17.2	8.5
6.1	9.7	15.4	24.4
2	−1.2	−2.5	0.8
71.7	186	406	297
30.3%	30.4%	26.3%	26.5%
42.7	128	280	193
–	+199.2%	+119.1%	minus 31.0%
5.20	15.34	32.07	21.52

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
8	8.4	9	9
308	440	1,692	1,880
6.8	6	77.7	18.5
151	296	271	253
474	751	2,049	2,160
71.5	96.6	135	169
2	10.1	3.6	16
44.5	23.3	16.5	320
112	90.6	1,045	789
244	530	850	867
474	751	2,049	2,160

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
116	13.4	31	245
−3.7	−85.2	−1,000	−161
−21.9	−3.3	1,007	−78.3
90.8	−75.1	37.4	4.8
−13.1	−30.1	−32.3	−61.8
103	−16.7	−1.3	183
−0.8	−1.7	−9	−18

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 11.7% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you