Zen Technologies Limited

Capital Goods · Aerospace & Defense

NSE: ZENTEC BSE: 533339

₹1605.20

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Aerospace & Defense

The largest companies in the same industry by market cap. This company ranks #10 of 26. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Hindustan Aeronautics Limited	312,184	33.6	22.2%	-2.8%	—	90	12	31
Bharat Electronics Limited	283,839	46.4	25.3%	-4.5%	—	96	0	13
Bharat Dynamics Limited	40,692	78.1	11.3%	-28.0%	—	87	0	11
Garden Reach Shipbuilders & Engineers Limited	24,994	31.2	26.2%	-17.5%	0.90%	80	38	8
Data Patterns (India) Limited	24,000	89.6	15.6%	62.9%	0.23%	69	0	30
Aequs Limited	18,744	—	—	—	—	74	0	92
SIGMA ADVANCED SYSTEMS LIMITED	18,077	324.6	56.4%	554.4%	—	84	0	92
Astra Microwave Products Limited	15,540	89.0	14.7%	63.1%	0.15%	65	0	66
Zen Technologies Limited (this stock)	14,493	104.6	11.2%	9.4%	0.06%	67	0	28

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹14,464 Cr

EV / EBITDA

72.0x

EV / Sales

34.80x

Market cap / Sales

34.87x

Earnings yield

0.96%

Quarterly Financials

Download CSV

Standalone Consolidated

↓ Negative

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 120 Cr, down 8.0% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	103	41	29	₹3.2500
March 31, 2026	72	19	15	₹1.6400
Dec. 31, 2025	116	62	48	₹5.3200
Sept. 30, 2025	125	61	46	₹5.1300
June 30, 2025	111	53	37	₹4.1300
March 31, 2025	293	112	85	₹9.4500
Dec. 31, 2024	142	53	39	₹4.3000
Sept. 30, 2024	242	83	65	₹7.5600
June 30, 2024	254	103	74	₹8.8800
March 31, 2024	136	47	33	₹3.9600
Dec. 31, 2023	98	46	32	₹3.8000
Sept. 30, 2023	64	24	17	₹2.0800
June 30, 2023	132	67	47	₹5.8100

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	120	92	130	148	131	318	163	250	257	138	102	69	135
Operating revenue	103	72	116	125	111	293	142	242	254	136	98	64	132
Other income	18	20	14	23	20	24	22	8	3	2	4	5	3
Operating expenses	75	68	64	83	73	199	105	162	151	91	54	42	66
Operating profit	28	4	53	42	38	94	37	79	103	45	44	22	66
Operating profit margin	27.4%	5.0%	45.3%	33.5%	34.3%	32.2%	26.0%	32.9%	40.6%	33.2%	45.1%	34.0%	50.0%
Depreciation	5	4	4	3	3	3	3	2	2	2	2	2	1
Interest	1	1	1	0	1	4	3	2	1	1	0	0	0
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	2	—	—	—
Profit before tax	41	19	62	61	53	112	53	83	103	47	46	24	67
Tax	11	4	15	15	16	27	15	18	29	14	14	7	20
Net profit	—	—	48	46	37	85	39	65	74	33	32	17	47
EPS	3.25	1.64	5.32	5.13	4.13	9.45	4.30	7.56	8.88	3.96	3.80	2.08	5.81
Net profit (TTM)	—	—	216	207	226	263	211	204	156	129	113	89	77
EPS (TTM)	15.34	16.22	24.03	23.01	25.44	30.19	24.70	24.20	18.72	15.65	13.85	11.00	9.50

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	424	196	146
March 31, 2025	931	352	263
March 31, 2024	430	184	129
March 31, 2023	161	54	38

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	43.8%	57.0%	501^†	988^†	444^†	168^†	59^†	52^†	149^†	96^†	43^†	65^†
Operating revenue	37.9%	53.6%	424	931	430	161	54^†	50^†	147^†	93^†	39^†	62^†
Other income	—	—	77^†	58^†	14^†	7^†	5^†	3^†	2^†	3^†	4^†	4^†
Operating expenses	—	—	288^†	617^†	253^†	110^†	52^†	42^†	83^†	70^†	41^†	—
Operating profit	38.4%	77.3%	136^†	314^†	177^†	51^†	2^†	8^†	64^†	24^†	-2^†	—
Operating profit margin	—	—	32.1%^†	33.7%^†	41.2%^†	31.8%^†	3.7%^†	15.6%^†	43.3%^†	25.4%^†	-4.8%^†	—
Depreciation	—	—	14^†	10^†	7^†	4^†	4^†	4^†	4^†	4^†	3^†	—
Interest	—	—	3^†	9^†	2^†	2^†	1^†	1^†	3^†	5^†	2^†	2^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	2^†	2^†	-0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	53.8%	103.0%	196	352	184	54	2^†	6^†	59^†	18^†	-3^†	9^†
Tax	—	—	50^†	89^†	55^†	16^†	-0^†	2^†	-2^†	-2^†	—	—
Net profit	57.1%	104.3%	146	263	129	38	2^†	4^†	61^†	20^†	-0^†	7^†
EPS	50.9%	99.0%	16.22^†	30.19^†	15.65^†	4.72^†	0.26^†	0.52^†	—	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	32.1%^†	33.7%^†	41.2%^†	31.8%^†	3.7%^†	15.6%^†	43.3%^†	25.4%^†	-4.8%^†	—
EBIT margin	47.1%^†	38.8%^†	43.3%^†	34.7%^†	6.1%^†	13.5%^†	42.0%^†	24.7%^†	-0.7%^†	17.9%^†
PBT margin	46.3%	37.8%	42.9%	33.4%	3.5%^†	11.5%^†	39.8%^†	19.6%^†	-6.9%^†	14.6%^†
Net margin	34.4%	28.3%	30.0%	23.3%	3.8%^†	8.3%^†	41.2%^†	21.8%^†	-1.0%^†	11.6%^†
Interest coverage	58.15x^†	38.36x^†	101.19x^†	27.62x^†	2.33x^†	6.71x^†	19.40x^†	4.81x^†	-0.12x^†	5.49x^†
Dividend payout	12.3%^†	3.3%^†	1.3%^†	2.1%^†	38.5%^†	76.9%^†	—	—	—	—
Earnings retention	87.7%^†	96.7%^†	98.7%^†	97.9%^†	61.5%^†	23.1%^†	—	—	—	—
Current ratio	11.61x	9.52x	—	—	—	—	—	—	—	—
Quick ratio	10.80x	9.16x	—	—	—	—	—	—	—	—
Debt to equity	0.00x	0.03x	—	—	—	—	—	—	—	—
Return on equity	8.0%	15.6%	—	—	—	—	—	—	—	—
Return on assets	7.5%	14.0%	—	—	—	—	—	—	—	—
Return on capital employed	10.9%^†	20.8%^†	—	—	—	—	—	—	—	—
Asset turnover	0.22x	0.50x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	229	-164	-70	46	183
March 31, 2025	-146	-862	1,017	30	-176
March 31, 2024	21	-82	-6	26	-5
March 31, 2023	99	-3	-18	12	87
March 31, 2022	-44	-43	87	4	-47

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	1,934	1,822	1,813	0	0	1,208	104	29	120	84
March 31, 2025	1,875	1,689	1,680	12	40	1,343	141	34	102	51
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.