Latest news with #ZenTechnologies
India.com
a day ago
- Business
- India.com
This company makes anti-drone system, people lining up to buy share, giving return of…, company is….
Zen Technologies Limited has seen a big surge in its stock value due to its involvement in the drone manufacturing business. On Wednesday, the company's shares closed at Rs 2,229.80 on the BSE with a 3% increase. Over the past month, Zen Technologies' shares have increased by 61%, while over the last five years, they have surged by around 5,153% by giving huge returns to investors. This Zen Technologies is considered a rising star in the defense and security sector. In the last year alone, the company's shares delivered 138% return. Zen Technologies Zen Technologies has developed anti-drone systems to counter drone threats, which are increasingly in modern times war like situations. Recently we have seen a huge drone movement when India launched Operation Sindoor against Pakistan. Its products like drone detection and neutralization systems, have gained traction among the Indian Armed Forces and other security agencies. The company also offers simulator-based training solutions which makes military and paramilitary forces more stronger. Zen Technologies Share Performance Several factors have contributed to this impressive performance: The Indian government's plan to become more self-reliant in defense and its 'Make in India' initiative has encouraged indigenous defense technology companies. Zen Technologies secured many contracts like the supply of anti-drone systems to the Indian Army. Globally after the rising incidents of drone attacks increased the demand for anti-drone technologies also made the company's market position stronger. Analysts believe that the company's technological capabilities, government support, and growing demand for defense drones will keep the company's growth continuing in the future. However, investors are advised to remain cautious, considering market volatility and associated risks. Zen Technologies Limited has headquarters in Hyderabad known for its anti-drone systems and simulation technologies.
Mint
3 days ago
- Business
- Mint
Q4 Superstars! DLF, Zen Tech among 58 companies that posted over 100% YoY jump in profit and revenue. Do you own?
In a welcome departure from the past three quarters, the January-March earnings season turned out to be ahead of analysts' estimates. In this quarter, some 60 BSE-listed companies reported over 100% growth in both profit and revenue from operations, according to an analysis by Mint. However, the list largely included names from the mid-cap and small-cap segment, with only realty major DLF and Adani group company Adani Energy Solutions making the cut from the large-cap space. DLF, whose shares have lost almost 7% in the last one year, reported a 250% year-on-year (YoY) rise in Q4 profit to ₹ 1,550 crore while its total income surged 142% YoY to ₹ 3057 crore during the same period. Meanwhile, Adani Energy Solutions has seen a 166% YoY rise in Q4 PAT along with a 127% jump in total income. Despite that, Adani Energy shares have cracked 29% in a year, plagued by various issues ranging from US bribery indictment to regulatory scrutiny. Late last night, The Wall Street Journal reported that the US prosecutors are probing the Indian conglomerate's possible dealings with sanctions-hit Iran, resulting in a decline in the company's shares today, June 3. Apart from these two biggies, from the 56 mid-cap and small-cap stocks that featured on the list, some prominent names are Zen Technologies, KPI Green Energy, Bharat Dalmia, Keystone Realtor, Allcargo and MRP Agro, among others. The multibagger small-cap defence stock Zen Technologies (up 117% in a year) has hogged the limelight amid the India-Pakistan conflict amid Operation Sindoor. In the last one month alone, the stock has gained 55%. During the March 2024 quarter, it witnessed a 157% jump in Q4 PAT and a 126% rise in Q4 income to ₹ 85 crore and ₹ 494 crore, respectively. However, domestic brokerage Motilal Oswal had downgraded the stock to 'Neutral' from 'Buy', citing expensive valuations amid a strong run-up. KPI Green Energy, another small-cap multibagger, saw a 232% growth in profit. Meanwhile, Dalmia Bharat's PAT surged a whopping 600%. In the small-cap space, Harsh Goenka-owned RPG Life Sciences reported a massive 786% jump in Q4 profit to ₹ 117.35 crore, while its income rose 101% YoY to ₹ 258.05 crore. Some 13 minnows also posted a four-digit PAT growth, which included names like Corporate Merchant Bankers, Choice International, Indian Hume Pipes, MRF Agro and Yogi Limited. Maharashtra Scooters stood out for reporting a 51,530% YoY surge in Q4 PAT, as the bottomline jumped from ₹ 0.1 crore to ₹ 51.63 crore. Its revenue also zoomed 1144% YoY. Analysts at Motilal Oswal Financial Services said that the quality of results was notable in Q4, with widespread distribution of strong growth across several mid-cap sectors – in several cases better than the large-cap counterparts. While some small-caps stood out for their exceptional performance, MOSL added that the segment overall missed estimates. "The small-cap segment saw a sharp earnings miss in Q4FY25, with overall PAT down 16% YoY—significantly worse than the already muted expectations. Financials, retail, and discretionary consumption dragged down performance, while only a few sectors like EMS and Capital Goods delivered meaningful gains," it said. Commenting on the outlook for small-cap stocks' earnings, MOSL said that small-caps remain a barbell segment — capable of both strong rebounds and deep corrections. "Earnings volatility remains high, and stock selection is critical. Investors should focus on quality names with sustainable business models, visibility, and operating leverage," the brokerage advised. With the macroeconomic conditions favourable, the only missing piece for the Indian stock market has been the earnings recovery. However, despite the Q4 earnings season being better than expected, analysts at Kotak Institutional Equities expect markets to be rangebound. The Indian market may stay rangebound over the next few months given (1) rich valuations in general, (2) continued weakness in domestic consumption and investment demand and (3) global geopolitical and macroeconomic uncertainty, KIE said. It believes that the large-cap index may find some support from continued optimism among investors about India's long-term growth prospects and lower interest rates. However, it cautioned that small-cap and mid-cap stocks still have a long way to correct to their fair values. (Note: For the purpose of this study, companies with profit of less than ₹ 1 crore were not considered) Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
21-05-2025
- Business
- Mint
ideaForge to Zen Tech: Drone stocks rise up to 50% after Operation Sindoor on order win hopes amid India-Pak conflict
Drone stocks in focus: Indian drone companies, including Zen Technologies, ideaForge Technology, DroneAcharya Aerial Innovations, Hindustan Aeronautics, Paras Defence and Solar Industries, have seen a massive surge in their share values in recent sessions. This rally has been driven by heightened demand on Dalal Street following the launch of 'Operation Sindoor' on May 7, in retaliation for the April 22 Pahalgam attack in Indian-administered Kashmir. The ongoing mission demonstrated the strength of India's indigenously developed defence and drone systems, which not only destroyed key air bases across the border, but also successfully intercepted drones and missiles launched by Pakistan. In the new age of warfare, drones are increasingly being used by military-focused nations, including India, for border surveillance and intelligence gathering. Incidents such as the 2019 Pulwama attack and India's subsequent airstrike in Balakot have further highlighted the growing role of drones in surveillance and precision operations. The latest tensions between India and Pakistan have once again underscored the importance of drone and counter-drone technologies. Market participants believe that demand for drones will continue to strengthen in the coming years amid India's efforts to strengthen its borders. The demand for unmanned aerial vehicles (UAVs), autonomous ground vehicles, and unmanned underwater vehicles (UUVs) has accelerated in recent years, driven by their cost-effectiveness and reduced risk to human personnel. The Indian government has strengthened its defence capabilities through domestic manufacturing, creating unprecedented opportunities for both domestic players and foreign investors, and positioning India as an emerging hub for defence manufacturing. Amid heightening geopolitical tensions, there are growing expectations that the Indian government will increase its defence spending—particularly in drone technologies—prompting investors to rapidly add drone stocks to their portfolios. This has resulted in gains of up to 50% in drone-related stocks in less than two weeks. Amid rising demand for drone stocks following May 7, IdeaForge Technology has led the rally, with its share price surging by 50%—rising from ₹ 362 to ₹ 546 apiece. DroneAcharya Aerial Innovations, a recent entrant on Dalal Street, has also seen a sharp rebound, gaining 41% since May 7. This rally brought much-needed relief for the stock, which had been under pressure for four consecutive months between January and April, during which it lost 46% of its value. Stock Name Returns since May 07 ideaForge Technology 50% DroneAcharya Aerial Innovations 41% Zen Technologies 37% RattanIndia Enterprises 17% Paras Defence 16% HAL 10% Solar Industries 6% Source: Trendlyne Zen Technologies has also delivered impressive returns, with its share price jumping 37% from ₹ 1,361 to ₹ 1,865 apiece. Meanwhile, Paras Defence shares have registered an uptick of 16% over the same period, as investor interest in drone-related counters continues to strengthen. While other stocks inlcudues Solar Industries and Hindustan Aeronautics have also gained up to 10% since May 07. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Economic Times
21-05-2025
- Business
- Economic Times
Will drone stocks continue to soar after recent military conflict?
Shami said the outlook from a valuation perspective is not exciting any more since drone stocks are trading in a high P/E range. Since the Pahalgam attack on April 22, Paras Defence and Space Technologies, Ideaforge Technology and Zen Technologies have soared 30-50%, amid a broader euphoria among defence-related stocks. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Drone makers have caught the fancy of Dalal Street punters, spurred by the extensive use of these aerial systems in the recent India-Pakistan conflict. Shares of companies that make drones, such as Hindustan Aeronautics Ideaforge Technology and Zen Technologies , have jumped as much as 50% since May 7 - the day India launched its military response, dubbed Operation Sindoor , in response to a terrorist attack at Pahalgam on April 22."Some stocks in the listed space are directly engaged in defence related drone manufacturing which are likely to be the biggest beneficiaries; however, others have moved up largely due to the sentimental push," said Bhalchandra Shinde, associate fund manager, Motilal Oswal the Pahalgam attack on April 22, Paras Defence and Space Technologies, Ideaforge Technology and Zen Technologies have soared 30-50%, amid a broader euphoria among defence-related Baliga, a Mumbai-based independent analyst, said the momentum is strong in drone stocks and can move 15-20% higher from the current Operation Sindoor, drones were used for surveillance and combat. Investors expect the government to spend more over the next five years to boost the use of drones. According to Grand View Research, the India military drone market generated a revenue of $1,527.1 million in 2024 and is expected to reach $4,082.1 million by 2030. The domestic market is expected to grow at 17.9% on a compounded basis from 2025 to 2030, it the steady growth estimates, fund managers and analysts advise caution while riding the bullish momentum in these stocks, as recent gains have already baked in expectations of increased orders for drones in the near future."Drone usage has come to the fore in the recent conflict and government focus is expected to remain on the companies which could lead to expansion in order books however, these positive are significantly priced in the stocks already," said Ashwini Shami, EVP & Portfolio Manager, OmniScience said the outlook from a valuation perspective is not exciting any more since drone stocks are trading in a high P/E names within the segment such as Hindustan Aeronautics and Bharat Electronics are preferred picks given the stronger moat and larger order books and are reasonably valued relative to the other peers, said Shami. The Nifty India Defence Index jumped 17.9% and 15.4% since the Pahalgam attack and Operation Sindoor, respectively, while benchmark Nifty has moved 2.1% and 1.1% higher in the same period.
Mint
20-05-2025
- Business
- Mint
Multibagger stock: Why did Motilal Oswal downgrade Zen Technologies stock despite 177% jump in Q4 PAT?
Multibagger stock: Shares of defence stock Zen Technologies have been on a tear, hitting upper circuits for eight straight sessions, logging a nearly 48% rise during this period. The rally can be attributed to the rise in drone stocks following Operation Sindoor and strong performance by the company during the March 2025 quarter. The company's strong order book and the current geopolitical environment remain conducive for Zen Technologies, said leading domestic brokerage Motilal Oswal Financial Services, but still downgraded the stock to 'neutral' from 'buy' on expensive valuations. For Q4 of the financial year 2024-25 (FY25), Zen Technologies stock posted a beat on revenue and profit after tax. While its revenue grew 116% year-on-year (YoY) to ₹ 2.9 billion, PAT jumped 117% to ₹ 849 million due to a lower-than-expected tax rate and higher other income. "EBITDA margin contracted 100bp YoY to 32.2% vs. our estimate of 36.4% primarily due to a lower-than-expected gross margin of 59% (vs. our est. of 67%)," said the brokerage. The company received orders worth ₹ 150 crore in the quarter, leading to an order book of ₹ 690 crore. The company has maintained order inflow guidance of ₹ 800 crore in 1HFY26, primarily from simulators. Government urgency following the recent conflict with Pakistan and geopolitical tensions has sparked a significant growth in its order pipeline. While FY26 is expected to be a muted year due to order delays and execution timelines, Zen maintains a medium-term guidance of 50% CAGR in revenue. Management emphasised that while order inflows may accelerate in 1HFY26, actual revenue recognition may shift to FY27, hence the softer near-term outlook. Zen Technologies share price has risen over 73% since March 1, 2025, amid an overall sharp run in defence stocks. In the last one year, the drone stock is up 99% while on a five-year basis, it has surged 4785%, delivering multibagger gains to investors. The brokerage said that while we remain positive about the company and its ability to capitalise on the upcoming demand for simulators and anti-drones, our estimates and current valuations capture the positives related to upcoming orders and correspondingly 40% PAT CAGR over FY25-27. 'The stock has moved up by 74% since our last update in Feb'25. We thus downgrade the stock to Neutral and would look for better price points to enter the stock,' it added. MOSL's revised Zen Tech stock target price of ₹ 1,750 signals almost 11% downside from today's (May 20) high of ₹ 1978.65 apiece. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
