One of the defence stocks engaged in designing, developing, and manufacturing combat training solutions and counter-drone solutions for defense and security forces. The stock has jumped to an intraday high of 3.04 percent after a 1.23 percent stake was purchased by Motilal Oswal Mutual Fund of Rs. 200 crore.
Stock Price Movement:
In Wednesday’s trading session, Zen Technologies Limited‘s share jumped to an intraday high of 3.04 percent from the previous close of Rs. 18,03.25. The stock opened at Rs. 1843 and is currently trading at Rs. 1,828.30, with a high of Rs. 1,858 and a low of Rs. 1,812.25. The market capitalization now stands at approximately Rs. 16,507.79 crore.
What Happened:
Promoters Kishore Dutt Atluri and Ashok Atluri divested a 2.2% stake in Zen Technologies, generating Rs. 360.1 crore. Meanwhile, Motilal Oswal Mutual Fund acquired a 1.23% stake in the company for Rs. 200 crore at an average price of Rs. 1,800 per share, signaling strong institutional interest in Zen’s prospects.
In the promoter holding, Ashok Atluri has the highest percentage of stake in Zen Technology Limited at 22.76 percent. Followed by Kishore Dutt Atluri, who has a stake of 17.43% as of September 2024.
Shareholding Pattern:
In September 2024, Zen Technologies Limited had a majority stake held by the promoters at 51.26 percent, foreign institutional investors at 5.72 percent, domestic institutional investors at 8.05 percent, the public at 34.49 percent, and the others at 0.47 percent.
Foreign institutional investors have increased their stake from 5.72 percent in Q1 FY25 to 3.09 percent in Q2 FY25. Further, domestic institutional investors have also increased by 4.68 percent, from 3.31 percent in Q1 FY25 to 8.05 percent in Q2 FY25.
Order Book of Zen Technology
Zen Technology Limited’s total order book stands at 956.74 crore, with 582.61 crore in domestic orders and 374.05 crore in export orders. The total order book in September decreased significantly from the previous period.
New orders bagged in Q2 FY25 amounted to 39.59 crore, while orders executed in Q2 FY25 were 241.69 crore, with an AMC of 8.46 crore and equipment of 233.23 crore.
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R&D Spends
The R&D spending of the company has steadily increased from 12.30 crore in H1 FY21 to 14.83 crore in H1 FY25, indicating the company’s focus on research and development to drive innovation and growth.
Strategic Priorities
The company’s strategic priorities include expanding its equipment sales and product portfolio with a focus on anti-drone systems. It seeks inorganic acquisitions aligned with its vision and plans to scale its AMC business to manage fixed costs.
The company’s operational efficiency and cost optimization remain key, alongside exploring OEM tie-ups to enhance technical capabilities and enter high-value complex systems.
Company Overview
Zen Technologies Limited was founded in 1996 and headquartered in Hyderabad. The company is a leading Indian defense technology company specializing in combat training solutions and counter-drone systems.
The company designs and manufactures land-based military training simulators, live range equipment, and anti-drone technologies like the ZADS system. With over 75 patents, Zen supports Indian armed forces, police, paramilitary, and international markets, contributing to military indigenization.
Written By – Nikhil Naik
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