Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Zen Technologies Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,689.54Undervalued by 60.67%vs CMP ₹1,674.00

P/E (70.0) × ROE (24.6%) × BV (₹195.00) × DY (0.12%)

₹1,783.50Fairly Valued by 6.54%vs CMP ₹1,674.00
MoS: +6.1% (Thin)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹6,696.9823%Under (+300.1%)
Graham NumberEarnings₹324.0317%Over (-80.6%)
Earnings PowerEarnings₹125.4311%Over (-92.5%)
DCFCash Flow₹586.5811%Over (-65%)
Net Asset ValueAssets₹194.667%Over (-88.4%)
EV/EBITDAEnterprise₹430.299%Over (-74.3%)
Earnings YieldEarnings₹239.307%Over (-85.7%)
ROCE CapitalReturns₹41.417%Over (-97.5%)
Revenue MultipleRevenue₹154.636%Over (-90.8%)
Consensus (9 models)₹1,783.50100%Fairly Valued
Key Drivers: EPS CAGR 149.0% lifts DCF — verify sustainability. | Wide model spread (₹41–₹6,697) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 149.0%

*Investments are subject to market risks

Analyst Summary

Zen Technologies Ltd operates in the Aerospace & Defense segment, NSE: ZENTEC | BSE: 533339, current market price is ₹1,674.00, market cap is 15,118 Cr.. At a glance, stock P/E is 70.0, ROE is 24.6 %, ROCE is 32.9 %, book value is 195, dividend yield is 0.12 %. The latest intrinsic value estimate is ₹1,783.50, which is about 6.5% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹931 Cr versus the prior period change of 116.5%, while latest net profit is about ₹263 Cr with a prior-period change of 103.9%. The 52-week range shown on this page is 2,268/1,223, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisZen Technologies Ltd. is a Public Limited Listed company incorporated on 29/06/1993 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L7…

This summary is generated from the stock page data available for Zen Technologies Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

68
Zen Technologies Ltd scores 68/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 32.9% ExcellentROE 24.6% ExcellentD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 1.61% MF sellingPromoter holding at 48.5% Stable
Earnings Quality55/100 · Moderate
OPM expanding (18% → 38%) ImprovingWorking capital: 142 days Capital intensive
Quarterly Momentum53/100 · Moderate
Revenue (4Q): -17% YoY DecliningProfit (4Q): +2% YoY PositiveOPM: 45.0% (up 19.0% YoY) Margin expansion
Industry Rank85/100 · Strong
P/E 70.0 vs industry 85.2 In-lineROCE 32.9% vs industry 22.6% Above peersROE 24.6% vs industry 16.7% Above peers3Y sales CAGR: 158% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 26, 2026, 12:37 am

Market Cap 15,118 Cr.
Current Price 1,674
Intrinsic Value₹1,783.50
High / Low 2,268/1,223
Stock P/E70.0
Book Value 195
Dividend Yield0.12 %
ROCE32.9 %
ROE24.6 %
Face Value 1.00
PEG Ratio0.47

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Zen Technologies Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Zen Technologies Ltd 15,118 Cr. 1,674 2,268/1,22370.0 1950.12 %32.9 %24.6 % 1.00
MTAR Technologies Ltd 15,808 Cr. 5,139 5,445/1,350233 2430.00 %10.5 %7.51 % 10.0
Astra Microwave Products Ltd 10,669 Cr. 1,124 1,196/77566.5 1220.20 %18.7 %14.4 % 2.00
Apollo Micro Systems Ltd 10,144 Cr. 284 355/110104 30.30.09 %14.5 %10.2 % 1.00
Data Patterns (India) Ltd 22,829 Cr. 4,078 4,193/2,05091.5 2750.19 %21.0 %15.2 % 2.00
Industry Average70,695.91 Cr2,025.7385.19177.440.27%22.58%16.73%4.00

All Competitor Stocks of Zen Technologies Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 33741326498136254242142294111125116
Expenses 254866425491151162105199738364
Operating Profit 82666224445103793794384253
OPM % 25%35%50%34%45%33%41%33%26%32%34%34%45%
Other Income 403545382224202314
Interest 0000011234101
Depreciation 1112222233334
Profit before tax 1125672446471038353112536162
Tax % 29%30%30%29%31%30%28%22%28%24%31%24%23%
Net Profit 8174717323374653985374648
EPS in Rs 0.952.175.612.063.773.938.837.234.289.414.115.115.30

Last Updated: February 3, 2026, 1:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 12:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4679536239921475054161430931645
Expenses 465848504170834252110253617419
Operating Profit 121412-223648251177314227
OPM % 1%27%8%19%-5%24%43%16%4%32%41%34%35%
Other Income 4354432359165882
Interest 2223253112296
Depreciation 224434444471013
Profit before tax 02039-317596254184352289
Tax % 18%21%21%20%-86%-13%-3%28%-9%30%30%25%
Net Profit 01627-019614238129263216
EPS in Rs 0.012.040.300.96-0.052.497.840.520.254.7315.3829.1223.93
Dividend Payout % 858%2%33%16%-198%12%5%19%39%4%6%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-87.50%250.00%-100.00%221.05%-93.44%-50.00%1800.00%239.47%103.88%
Change in YoY Net Profit Growth (%)0.00%337.50%-350.00%321.05%-314.50%43.44%1850.00%-1560.53%-135.60%

Zen Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:28%
5 Years:45%
3 Years:159%
TTM:43%
Compounded Profit Growth
10 Years:33%
5 Years:34%
3 Years:394%
TTM:46%
Stock Price CAGR
10 Years:36%
5 Years:82%
3 Years:92%
1 Year:-12%
Return on Equity
10 Years:18%
5 Years:20%
3 Years:24%
Last Year:25%

Last Updated: September 5, 2025, 1:56 pm

Balance Sheet

Last Updated: January 7, 2026, 4:49 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 8888888888899
Reserves 911031051121111331912052843114451,6801,749
Borrowings 18404191042111261542
Other Liabilities 122714163641141054121264132122
Total Liabilities 1281781671441652242132243584467181,8751,883
Fixed Assets 4947444565636462596779105110
CWIP 1015170000321178
Investments 00002131624242426218238
Other Assets 7813010882981471331372723536031,5451,527
Total Assets 1281781671441652242132243584467181,8751,883

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + -043519-446413-449921-146229
Cash from Investing Activity + -0-930-127-11-18-43-3-82-862-164
Cash from Financing Activity + -0-3-8-55-211087-18-61,017-70
Net Cash Flow -030263-32325078-678-5
Free Cash Flow -027-113-486212-4787-5-176183
CFO/OP -0%1,071%49%-1,065%-187%119%200%-2,128%211%30%-15%209%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-17.00-19.00-37.003.00-12.00-19.0063.007.00-10.0045.00176.00260.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 9027656120212290110128133150143148
Inventory Days 2952252422371,1814969739662536835542
Days Payable 6347528935510648114147337010
Cash Conversion Cycle 3224552462671,038681159410612484429181
Working Capital Days 45119-661505919217854376843152142
ROCE %2%16%3%9%-0%14%32%3%1%17%47%33%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 60.14%57.45%57.45%55.07%55.07%55.07%51.26%49.05%49.05%49.05%48.51%48.51%
FIIs 1.29%3.47%4.84%4.65%3.84%3.09%5.72%8.29%5.95%6.04%5.94%5.54%
DIIs 0.15%0.21%0.15%3.09%3.31%3.37%8.05%8.97%9.47%8.75%7.93%7.86%
Public 37.82%38.11%36.80%36.42%37.15%37.94%34.49%33.24%35.10%35.72%37.20%37.67%
Others 0.61%0.76%0.76%0.76%0.62%0.53%0.47%0.46%0.44%0.43%0.42%0.41%
No. of Shareholders 1,08,4201,27,2081,59,7661,61,9951,70,4212,01,2112,29,4792,37,7332,83,2893,11,9483,25,9783,30,378

Shareholding Pattern Chart

No. of Shareholders

Zen Technologies Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Large and Midcap Fund 2,816,533 2.55 383.022,452,2102026-03-12 02:29:4414.86%
Motilal Oswal ELSS Tax Saver Fund 908,039 2.96 123.48688,1162026-03-12 03:59:3031.96%
Kotak Balanced Advantage Fund 210,672 0.16 28.65N/AN/AN/A
Navi Flexi Cap Fund 11,000 0.57 1.5N/AN/AN/A
Navi Large & Midcap Fund 8,000 0.35 1.09N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 32.0715.455.390.250.39
Diluted EPS (Rs.) 32.0715.345.200.250.39
Cash EPS (Rs.) 34.8616.567.050.930.97
Book Value[Excl.RevalReserv]/Share (Rs.) 188.3655.4832.1327.0526.49
Book Value[Incl.RevalReserv]/Share (Rs.) 188.3655.4832.1327.0526.49
Revenue From Operations / Share (Rs.) 107.8352.3427.528.776.87
PBDIT / Share (Rs.) 47.8423.2910.041.251.31
PBIT / Share (Rs.) 46.1322.139.280.640.68
PBT / Share (Rs.) 44.9822.159.020.410.54
Net Profit / Share (Rs.) 33.1615.416.280.320.34
NP After MI And SOA / Share (Rs.) 31.0415.225.380.240.39
PBDIT Margin (%) 44.3644.4936.4914.2619.04
PBIT Margin (%) 42.7742.2933.727.339.97
PBT Margin (%) 41.7142.3232.774.737.98
Net Profit Margin (%) 30.7429.4422.833.745.07
NP After MI And SOA Margin (%) 28.7829.0719.522.845.69
Return on Networth / Equity (%) 16.4728.5017.700.951.52
Return on Capital Employeed (%) 23.0738.7022.121.722.55
Return On Assets (%) 13.6717.039.020.531.39
Long Term Debt / Equity (X) 0.020.000.000.020.01
Total Debt / Equity (X) 0.030.000.020.060.01
Asset Turnover Ratio (%) 0.690.710.390.180.22
Current Ratio (X) 6.572.292.693.8413.35
Quick Ratio (X) 6.091.662.343.4911.84
Inventory Turnover Ratio (X) 6.751.581.931.000.64
Dividend Payout Ratio (NP) (%) 3.201.301.8540.05102.21
Dividend Payout Ratio (CP) (%) 3.031.211.6211.6639.44
Earning Retention Ratio (%) 96.8098.7098.1559.95-2.21
Cash Earning Retention Ratio (%) 96.9798.7998.3888.3460.56
Interest Coverage Ratio (X) 41.6385.7919.596.509.53
Interest Coverage Ratio (Post Tax) (X) 29.8556.7112.772.893.54
Enterprise Value (Cr.) 12462.137886.732457.391565.48585.38
EV / Net Operating Revenue (X) 12.8017.9311.2322.4410.71
EV / EBITDA (X) 28.8540.3030.77157.3956.26
MarketCap / Net Operating Revenue (X) 13.7018.2511.9023.3411.32
Retention Ratios (%) 96.7998.6998.1459.94-2.21
Price / BV (X) 7.8417.8910.797.823.03
Price / Net Operating Revenue (X) 13.7018.2511.9023.3411.32
EarningsYield 0.020.010.010.000.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Zen Technologies Ltd. is a Public Limited Listed company incorporated on 29/06/1993 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L72200TG1993PLC015939 and registration number is 015939. Currently Company is involved in the business activities of Manufacture of optical instruments and equipment. Company's Total Operating Revenue is Rs. 423.77 Cr. and Equity Capital is Rs. 9.03 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Aerospace & DefenseB-42, Industrial Estate, Hyderabad Telangana 500018Contact not found
Management
NamePosition Held
Mr. Ashok AtluriChairman & Managing Director
Mr. Kishore Dutt AtluriFounder & Joint Managing Director
Ms. Shilpa ChoudariWhole Time Director
Ms. Sirisha ChintapalliIndependent Director
Mr. Sanjay Vijay Singh JesraniIndependent Director
Dr. Ajay Kumar SinghIndependent Director
Mr. Durga Prasad KodeIndependent Director

FAQ

What is the intrinsic value of Zen Technologies Ltd and is it undervalued?

As of 04 May 2026, Zen Technologies Ltd's intrinsic value is ₹1783.50, which is 6.54% higher than the current market price of ₹1,674.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (24.6 %), book value (₹195), dividend yield (0.12 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Zen Technologies Ltd?

Zen Technologies Ltd is trading at ₹1,674.00 as of 04 May 2026, with a FY2026-2027 high of ₹2,268 and low of ₹1,223. The stock is currently in the middle of its 52-week range. Market cap stands at ₹15,118 Cr..

How does Zen Technologies Ltd's P/E ratio compare to its industry?

Zen Technologies Ltd has a P/E ratio of 70.0, which is below the industry average of 85.19. This is broadly in line with or below the industry average.

Is Zen Technologies Ltd financially healthy?

Key indicators for Zen Technologies Ltd: ROCE of 32.9 % indicates efficient capital utilization; ROE of 24.6 % shows strong shareholder returns. Dividend yield is 0.12 %.

Is Zen Technologies Ltd profitable and how is the profit trend?

Zen Technologies Ltd reported a net profit of ₹263 Cr in Mar 2025 on revenue of ₹931 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows an improving trend.

Does Zen Technologies Ltd pay dividends?

Zen Technologies Ltd has a dividend yield of 0.12 % at the current price of ₹1,674.00. The company pays dividends, though the yield is modest.

Last Updated: April 26, 2026, 12:37 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533339 | NSE: ZENTEC
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Zen Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports