ZENTEC
OVERVALUEDZen Technologies Limited
Defense · NSE
↓ 39.0% vs fair value
52W Low
₹1,223
+13.2% from low
52W High
₹2,268
-38.9% from high
Valuation Gauge
Current Price
₹1,385
Fair Value
₹996
Fair Value Analysis
₹996
Based on earnings growth potential for Defense sector companies | Sector-cheap: P/E at 42th percentile vs sector peers. | ROCE improving (latest 21.5%) — capital allocation becoming more efficient. | Growth capped at 18.3% (ROE 15.9%×1.15) — historical CAGR exceeds sustainable rate or COVID period unverifiable. | COVID-resilient: PAT dropped from ₹13Cr (FY2019) to ₹3Cr (FY2021) during COVID but has fully recovered.
Growth Valuation
100% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Financially Healthy
Profitability
ROE of 15.9% is above the Defense sector benchmark of 15% — strong returns
Debt & Leverage
D/E ratio of 0.0x is well within the Defense sector norm of 0.8x — strong balance sheet
Valuation vs Peers
P/E of 47.0x trades at a 94% discount to Defense sector median (738x) — attractively valued
Cash Flow
Negative FCF of ₹-179 Cr — company is consuming more cash than it generates
Earnings Growth
5yr EPS CAGR of 420.7% is well above the Defense sector average of 17.1% — strong growth
Dividend
Dividend yield of 0.1% is symbolic — low but positive
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
-7.7%
Free cash flow / market cap
Revenue Growth (YoY)
+17.1%
Year-on-year revenue change
Profit Growth (YoY)
+30.2%
Year-on-year PAT change
Operating Cash Flow
₹-146 Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹29.1
P/E Ratio
47x
P/B Ratio
7x
ROE
15.9%
ROCE
23.5%
Debt / Equity
0.01x
Beta
-0.18
Div Yield
0.1%
FCF (Cr)
₹-179 Cr
Revenue (Cr)
₹974 Cr
EPS Growth 5Y
420.7%
Mkt Cap (Cr)
₹12,299 Cr
52W High
₹2,268
52W Low
₹1,223
Book Value/Share
₹194.8
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹835 Cr | ₹333 Cr | 40.0% | ₹284 Cr | ₹29.13 |
| 2025-03-31 | ₹974 Cr | ₹382 Cr | 39.0% | ₹299 Cr | ₹31.04 |
| 2024-03-31 | ₹440 Cr | ₹181 Cr | 41.0% | ₹130 Cr | ₹15.22 |
| 2023-03-31 | ₹219 Cr | ₹73 Cr | 33.0% | ₹50 Cr | ₹5.38 |
| 2022-03-31 | ₹70 Cr | ₹5 Cr | 7.0% | ₹3 Cr | ₹0.25 |
| 2021-03-31 | ₹55 Cr | ₹7 Cr | 14.0% | ₹3 Cr | ₹0.39 |
| 2020-03-31 | ₹149 Cr | ₹63 Cr | 42.0% | ₹59 Cr | ₹7.62 |
| 2019-03-31 | ₹92 Cr | ₹17 Cr | 18.0% | ₹13 Cr | ₹1.73 |
| 2017-03-31 | ₹62 Cr | ₹11 Cr | 18.0% | ₹7 Cr | ₹0.93 |
| 2016-03-31 | ₹53 Cr | ₹4 Cr | 8.0% | ₹2 Cr | ₹0.30 |
| 2015-03-31 | ₹79 Cr | ₹21 Cr | 27.0% | ₹16 Cr | ₹2.04 |
| 2014-03-31 | ₹46 Cr | ₹1 Cr | 1.0% | ₹0 Cr | ₹0.01 |
| 2013-03-31 | ₹37 Cr | ₹5 Cr | 12.0% | ₹5 Cr | ₹0.53 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Defense| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
BEML | ₹1,505 | ₹2,508.4 | +40.0% | 49.5 | 13.6% | UNDERVALUED |
Mazagon Dock Shipbuilders | ₹2,312 | ₹3,425.9 | +32.5% | 37.9 | 28.9% | UNDERVALUED |
Garden Reach Shipbuilders | ₹2,260 | ₹1,917.6 | -17.9% | 37.5 | 30.0% | FAIRLY_VALUED |
Zen Technologies Limited | ₹1,384.9 | ₹996.3 | -39.0% | 46.5 | 15.9% | OVERVALUED |
Cochin Shipyard | ₹1,337 | ₹923.4 | -44.8% | 47.6 | 15.6% | OVERVALUED |
Hindustan Aeronautics | ₹3,746 | ₹2,461.5 | -52.2% | 27.7 | 22.8% | OVERVALUED |
Data Patterns India | ₹3,142 | ₹1,509.3 | -108.2% | 69.4 | 16.1% | OVERVALUED |
Bharat Electronics | ₹426.5 | ₹167 | -155.3% | 51.5 | 23.6% | OVERVALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
Company Documents
Annual reports, concall transcripts & regulatory filings
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