If You are looking for Zen Technologies share price target 2024,2025,2026,2027,2030, business fundamentals, ideas behind its product, and demand.
It is important to know more about a company, its client, and the area in which company works.
If you do not find all the facts and insights of the company, you can’t understand the company’s growth prospects.
In this article, we just try to explain all the important facts that affect the company’s fundamentals and breakthrough path.
Let’s know more about Zen Technologies’ share price target 2024,2025,2026,2027 and 2030.
To know all sorts of information regarding Zen Technologies, stay tuned!
About Zen Technologies
Zen Technologies is primarily engaged in the designing, developing, and manufacturing of combat training solutions for the training of defence and security forces worldwide.
The company is in the leading position globally to offer combat training and counter-drone solutions to Paramilitary, Police Forces, and Armed Forces.
Founded in 1993, Zen Technologies’ headquarters is in Hyderabad, India.
The company has received maximum orders from the government of India and Armed forces, Paramilitary, and Police forces.
All these strong orders contributed to various factors like ‘Make in India’, and ‘Atmanirbhar Bharat’ initiative of the government of India.
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Zen Technologies Financial
Zen Technologies declares its consolidated quarterly number.
The company announced revenue from operation in September 2023 at Rs 66.50 crore, an increase of 99.04 per cent compared to Rs 33.41 crore in September 2022.
And net profit in September 2023 at Rs 15.28 crore increase of 170.38 per cent against Rs 5.65 crore in a same quarter year ago.
If talk about EBITDA in Q2 FY24 at Rs 24.30 crore rise of 85.92 per cent from Rs 13.07 crore in Q2FY23.
Zen Tech EPS in Q2 FY24 rose to Rs 183 from Rs 0.71 in Q2 FY23.
Q3 FY24 Results Update (December 2023)
Small cap Defence sector company, Zen Technologies announced its revenue from operation in Q3 FY 24 to Rs 98 crore increased by 3x against Rs 32.93 crore it had declared in the same quarter last year. Even as compared to the Q 2 FY 24 (September 23) defence company’s revenue increased 53 per cent. Whereas net profit for the same period rose 5x to Rs 31.66 crore against Rs 7.58 crore declared in Q3 FY 23 (December 2023).
Zen Technologies Fundamentals
| Market Capital | 6,180 crore | PE Ratio | 70.3 |
| ROE | 12 | Book Value | 46 |
| ROCE | 17.3 | EPS | 10.8 |
| Face Value | 1.0 | Debt to Equity | 00.0 |
| Industry PE | 37.7 | Dividend Yield | 0.03 % |
Zen Technologies Share Price Target Table
| Year | First Target | Second Target |
|---|---|---|
| 2024 | 900 | 945 |
| 2025 | 1165 | 1200 |
| 2026 | 1450 | 1490 |
| 2027 | 1880 | 1910 |
| 2030 | 2440 | 2600 |
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Zen Technologies Share Price Target 2024
Zen Technologies has continued its winning race. The company has won major orders from Ministry of Defence (MoD), the government of India.
According to the company, due to aggressive participation in multiple defence events, management hopes for a major order win to come.
The government of India has allotted Rs 52000 crore for equipment procurement for Indian defence Industries and the government allocated Rs 35000 crore for export target by 2025.
As per business and trends, the company will deliver higher growth in upcoming days.
Zen Technologies Share Price Target 2024: Seeing all the growth potential, we hope for the share price target of Zen Technologies by 2024 to be Rs 900 and the second target to be Rs 945.
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Zen Technologies Share Price Target 2025
A small market cap company, Zen Technologies has a market capitalization of Rs 6,246 crore and a current price of Rs 743 on 21 December 23.
The shares of the company have a PE of 71.6x compared to Industry PE of 40.6x very high.
Company RoE of 12 per cent and RoCE of 17.3 per cent that is good for a growing company and the stock of the company is trading at 16 times book value, quite high.
The company delivered an impressive number in current quarter and yearly basis.
The promoter of the company holds a decent 57.45 per cent stake, foreign Institutional Investors (FII) 4.84 per cent, domestic Institutional Investors( DII) 0.15 per cent, and remaining public with 36.80 per cent.
Zen Technologies Share Price Target 2025: All the facts, we find in this article, give a clear insight into the company’s growth potential.
Therefore, we look for target of Zen Technologies share price by 2025 to be Rs 1165 and the second target Rs 1200.
Source: Trendlyne
Zen Technologies Share Price Target 2026
Zen Technologies has a leading position with a market share of 95 per cent in tank simulators.
The country’s most appreciated anti-drone technologies and defence training solution provider, Zen Technologies got an export order valued at Rs 42 crore from a friendly nation.
The shares of a company have experienced a significant increase in value in the current year, rising from Rs189 to Rs 747.
Looking at all growth prospects, we’ll look for the share price target of Zen Technologies by 2026 to be Rs 1450 and the second share price target of Rs 1490.
Zen Technologies Share Price Target 2027
Zen Technologies has an excellent R&D capacity and the company has 125 patents, received or applied.
The company has a net debt-free balance sheet and an asset-light business model that supports the company’s growth exponentially.
The company has partnered with various reputed vendors to provide manufacture as per customer’s requirements.
Following the financials, earnings, and fundamentals, we expect the share price target of Zen Technologies by 2027 to be Rs 1880 and the highest share price target to be Rs 1910.
Zen Technologies Share Price Target 2030
Zen Technologies was listed on Bombay Stock Exchange (BSE ) and the National Stock Exchange (NSE) in 2000.
The company offers a wide range of products such as approximately 40 simulators, ranging from small arm simulators to advanced tank firing simulators.
Zen Technologies Share Price Target 2030: The company delivers strong revenue and earnings. We hope that the share price target of Zen Technologies by 2030 might be Rs 2440 and the second target might be Rs 2600.
Zen Technologies Competitors
- Persistent Sys
- Tata Elexi
- Cofirge
- KPIT Technology
Conclusion
Zen Technologies is engaged in the design, develop, and manufacture of combat training solutions for the training of defence and security forces worldwide.
Due to government policy companies gaining bulk orders and the stock value continues to increase in the current year.
So, we can hope for excellent earnings in the upcoming days.
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Disclaimer
The target value of the company mentioned in the article is only for informational purposes. The value may differ as per market conditions and earning potential. We are not registered on SEBI, before investing, make sure to analyze the market and take advice from your financial adviser.