# Zen Technologies (ZENTEC) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/zentec

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,712
- Change: -0.72%
- As of: 2026-11-06
- 1D return: -0.72%
- 5D return: +7.78%
- 1M return: +13.06%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

ZENTEC (₹1,712.00) exhibits a mixed technical posture as of November 6, 2026. On the daily horizon, price remains above all key moving averages and the Supertrend, signaling a developing bullish trend (ADX 22.83). However, momentum is fragmented: a high-participation downward anomaly on Nov 6 (volume ratio 2.93) followed by an active Doji pattern suggests indecision rather than clear directional conviction. The stock trades in the upper-middle of its 20-day range (+72.7%) but sits near the middle of its 252-day range (+59.6%).

Conflicts arise across timeframes. While the weekly structure is bullish with price above the Supertrend, the monthly trend is bearish (price below Supertrend, weak ADX 16.88), indicating longer-term pressure. Volatility is elevated (annualized +46.8%, ATR 4.3%), and the stock remains significantly off its maximum drawdown (-61.7%). Immediate resistance lies at ₹1,719.21 (0.42% above), while support is found at ₹1,701.43 (0.62% below). A break below ₹1,701.43 would challenge the daily bullish alignment, whereas a sustained move above ₹1,719.21 could confirm renewed upward participation.

- Daily trend is technically bullish (price above EMA/SMA/Supertrend) but lacks strong conviction (ADX 22.83); recent high-volume downward moves indicate seller participation.
- Monthly trend remains bearish (price below Supertrend, ADX 16.88), creating a structural conflict with the shorter-term daily setup.
- Price is positioned +72.7% within the 20-day range, facing immediate resistance at ₹1,719.21 and support at ₹1,701.43.
- High volatility (ATR 4.3%) and a current drawdown of -32.6% from available highs suggest elevated risk for short-term positioning.

- Doji
- Bearish Engulfing Reversal
- Harami
- Inside Bar

### News Context

Zen Technologies reported record financial results for Q2 FY27, with consolidated revenue from operations nearly doubling to ₹345.13 crore and net profit rising to ₹90 crore (₹89.54 crore). The company secured new orders worth ₹481.81 crore during the quarter, expanding its total consolidated order book to ₹1,375.70 crore as of September 30, 2026. Chairman Ashok Atluri attributed this performance to core technology ownership enabling faster adaptation under Fast Track Procurement routes. Following these results, Zen Technologies shares surged 8.32%. Choice Institutional Equities upgraded the stock to a 'Buy' rating with a target price of ₹2,150, citing strong order inflows and indigenous capabilities, while revising FY27 and FY28 estimates upward. Broader market analysis also identifies Zen Technologies among key private-sector defence players benefiting from India's localisation push, though it notes premium valuations relative to public sector undertakings.

- Q2 FY27 Financials: Consolidated revenue reached a record ₹345.13 crore (nearly double year-on-year), with operational EBITDA up 103.9% and net profit at ₹90 crore.
- Order Book Expansion: New orders of ₹481.81 crore were secured in the quarter, bringing the total consolidated order book to ₹1,375.70 crore as of September 30, 2026.
- Broker Upgrade: Choice Institutional Equities upgraded the stock to 'Buy' with a ₹2,150 target, revising FY27 and FY28 estimates upward based on improved revenue trajectory and technology portfolio.
- Market Context: Analysts highlight the company's mid-cap growth and high-margin niches but note risks related to order execution timing and premium valuation compared to public sector peers.

- [Beyond HAL, BEL: Apollo Micro Systems, MTAR, Data Patterns, Zen Tech, among 5 defence stocks on experts' radar | List](https://www.livemint.com/market/stock-market-news/beyond-hal-bel-apollo-micro-systems-mtar-data-patterns-zen-tech-among-5-defence-stocks-on-experts-radar-list-11793804507584.html)
- [Broker’s Call: Zen Technologies (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-zen-technologies-buy/article71660394.ece)
- [Zen Technologies Q2 FY27: Strong execution, order pipeline drive revenue visibility](https://www.moneycontrol.com/news/business/moneycontrol-research/zen-technologies-q2-fy27-strong-execution-order-pipeline-drive-revenue-visibility-14066971.html)
- [Zen Technologies Q2 PAT rises to ₹90 cr](https://www.thehindubusinessline.com/info-tech/zen-technologies-q2-pat-rises-to-90-cr/article71656996.ece)
- [Zen Technologies stock surges 8% after reporting record quarterly revenue](https://www.thehindubusinessline.com/markets/stock-markets/zen-technologies-stock-surges-8-after-reporting-record-quarterly-revenue/article71656480.ece)

### What Changed

Zen Technologies reported record quarterly revenue of ₹345.1 crores for Q2 and H1 FY2027, reflecting a 98.8% year-on-year increase, alongside an operational EBITDA margin of 38.2%. The consolidated order book stood at ₹1,375.7 crores as of September 30, 2026. Management confirmed the company remains debt-free with ₹968 crores in cash; however, working capital cycles extended to 379 days due to receivables from back-ended revenue and supplier advances for execution. Future revenue guidance targets ₹4,000 crores over two financial years, contingent on government procurement processes, specifically Fast Track Procurement (FTP) for counter-drone systems expected in Q4 or by March 31, 2027. On November 5, 2026, the company transferred 6,375 equity shares to employees under ESOP-2021, with no change to the total issued share capital of 9,02,90,356 shares. As of November 6, 2026, the stock traded at ₹1,712.00.

- Record Q2/H1 FY2027 revenue of ₹345.1 crores (+98.8% YoY) with 38.2% operational EBITDA margin.
- Order book stands at ₹1,375.7 crores (as of Sep 30, 2026); management targets ₹4,000 crores revenue over two years, pending FTP for counter-drone systems by Mar 31, 2027.
- Debt-free status maintained with ₹968 crores cash; working capital cycle increased to 379 days due to receivables and supplier advances.
- ESOP exercise of 6,375 shares completed on Nov 5, 2026, with no impact on paid-up share capital.

- [Zen Technologies Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZENTEC_05112026170334_SECLTr30092026.pdf)
- [Zen Technologies Limited has informed the Exchange regarding Exercise of 6375 Options. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ZENTEC_05112026231055_SEIntimationEsop_6375_Shares_Signed.pdf)
- [ZEN TECHNOLOGIES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_11756_WebXMLFile_20261105_233549978.xml)

### Official Filings

Zen Technologies reported record Q2 FY2027 revenue of ₹345.13 crore, up 98.8% year-on-year, with an operational EBITDA margin of 38.2%. The consolidated order book stands at ₹1,375.70 crore as of September 30, 2026. Management highlighted a debt-free status with ₹968 crore in cash but noted working capital cycles increased to 379 days due to receivables and supplier advances. Future revenue guidance targets ₹4,000 crore over two years, contingent on government procurement, specifically Fast Track Procurement (FTP) for counter-drone systems expected by March 31, 2027.

On the corporate action front, the Board approved the acquisition of 51.98% stake in Cogknit Semantics Private Limited for ₹135.15 crore, pending customary conditions. Additionally, the voluntary strike-off of wholly-owned subsidiary Zen Medical Technologies Private Limited was approved. A fire incident at subsidiary Unistring Tech Solutions Private Limited resulted in a preliminary estimated loss of approximately ₹4.00 crore. Regarding capital structure, the company exercised 6,375 ESOP options on November 5, 2026, with no change in paid-up share capital. Monitoring agency reports confirm that proceeds from the Qualified Institutional Placement (QIP) raised at ₹97,950.77 lakhs are being utilized per disclosures, with ₹24,166.04 lakhs currently invested in fixed deposits.

- Financial Performance: Q2 FY2027 revenue reached ₹345.13 crore (+98.8% YoY) with 38.2% EBITDA margin; order book stands at ₹1,375.70 crore.
- Capital & Liquidity: Company remains debt-free with ₹968 crore in cash; working capital cycle extended to 379 days due to receivables and advances.
- Strategic Moves: Board approved acquisition of 51.98% in Cogknit Semantics for ₹135.15 crore and strike-off of Zen Medical Technologies; preliminary loss of ~₹4.00 crore reported from fire at Unistring Tech.
- Regulatory Compliance: QIP utilization is on track with ₹24,166.04 lakhs unutilized balance in FDs; 6,375 ESOP shares transferred on Nov 5, 2026, with no dilution.

- [Zen Technologies Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZENTEC_05112026170334_SECLTr30092026.pdf)
- [Zen Technologies Limited has informed the Exchange regarding Exercise of 6375 Options. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ZENTEC_05112026231055_SEIntimationEsop_6375_Shares_Signed.pdf)
- [ZEN TECHNOLOGIES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_11756_WebXMLFile_20261105_233549978.xml)
- [Monitoring Agency Report for the quarter ended September 30, 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/ZENTEC_04112026124125_MonitoringAgency_report.pdf)
- [Zen Technologies Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZENTEC_02112026231141_SECLlink30092026.pdf)
- [ZEN TECHNOLOGIES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_11756_WebXMLFile_20261102_232648452.xml)
- [Zen Technologies Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ZENTEC_01112026184208_BM_NP_30092026.pdf)
- [Zen Technologies Limited has informed the Exchange regarding a press release dated November 01, 2026, titled "Zen Technologies, India s leading anti-drone technology and defense training solutions provider announced its financial results for Q2 & H1FY27". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/ZENTEC_01112026184856_SEPR30092026.pdf)
- [Zen Technologies Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ZENTEC_01112026185216_SEIP30092026.pdf)
- [Zen Technologies Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ZENTEC_31102026162542_BM_OC_UFR_Q2FY26.pdf)

### Fundamentals

Zen Technologies demonstrated a sharp operational recovery in Q2 FY2026-27, with revenue jumping 99% year-on-year to ₹345 crore and net profit tripling to ₹102 crore. This follows a significant contraction in the prior year (Sep 2025), where sales fell 28%. The current quarter's earnings quality is strong, evidenced by CFO/EBITDA reaching 136%, indicating that operating profits are converting efficiently into cash. However, this growth has coincided with a substantial expansion in working capital requirements; inventory days surged from 118 to 415, and trade receivables increased to ₹479 crore as of Sep 2026. Consequently, cash reserves declined from ₹370 crore to ₹260 crore despite robust operating inflows, suggesting that cash is being deployed into inventory buildup and receivables rather than retained. While borrowings remain low at ₹29 crore, the shift in cash management dynamics warrants close monitoring.

- Q2 FY2026-27 Revenue grew 99% YoY to ₹345 crore, reversing the -28% decline seen in Sep 2025.
- Net Profit surged to ₹102 crore (EPS: ₹9.92) in Q2 FY2026-27, up from ₹62 crore in the same period last year.
- Cash Conversion Cycle deteriorated significantly, with Inventory Days rising to 415 and Working Capital Days to 543 as of Mar 2026.
- Trade Receivables expanded to ₹479 crore and Inventories to ₹343 crore as of Sep 2026, driving Cash & Equivalents down to ₹260 crore.

### Bull Case

Zen Technologies presents a constructive case anchored by exceptional operational momentum in Q2 FY27, despite broader market volatility. The company reported its highest-ever consolidated quarterly revenue of ₹345.13 crore, nearly doubling year-on-year, alongside a 103.9% surge in operational EBITDA. This execution strength is reinforced by robust order inflows of ₹481.81 crore during the quarter, which expanded the total consolidated order book to ₹1,375.70 crore as of September 30, 2026. Chairman Ashok Atluri attributes this performance to core technology ownership enabling faster product adaptation and timely delivery under Fast Track Procurement channels. Additionally, Choice Institutional Equities has upgraded the stock to 'Buy' with a target price of ₹2,150, citing these record revenues and strong order visibility. While the stock faces near-term technical headwinds, including a current drawdown of -32.6% and bearish monthly trend signals, the fundamental backdrop of accelerating revenue growth and an expanding order pipeline provides a clear conditional upside case driven by indigenous defense capabilities.

- Record Q2 FY27 financials: Revenue nearly doubled to ₹345.13 crore (highest ever) with 103.9% YoY EBITDA growth.
- Strong order visibility: Consolidated order book expanded to ₹1,375.70 crore following ₹481.81 crore in new orders secured in Q2.
- Analyst upgrade: Choice Institutional Equities rated the stock 'Buy' with a target of ₹2,150, citing improved revenue trajectory and technology portfolio.
- Structural tailwind: Growth supported by indigenous CUAS capabilities and procurement progress via Fast Track routes.

- [Beyond HAL, BEL: Apollo Micro Systems, MTAR, Data Patterns, Zen Tech, among 5 defence stocks on experts' radar | List](https://www.livemint.com/market/stock-market-news/beyond-hal-bel-apollo-micro-systems-mtar-data-patterns-zen-tech-among-5-defence-stocks-on-experts-radar-list-11793804507584.html)
- [Broker’s Call: Zen Technologies (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-zen-technologies-buy/article71660394.ece)
- [Zen Technologies Q2 FY27: Strong execution, order pipeline drive revenue visibility](https://www.moneycontrol.com/news/business/moneycontrol-research/zen-technologies-q2-fy27-strong-execution-order-pipeline-drive-revenue-visibility-14066971.html)
- [Zen Technologies Q2 PAT rises to ₹90 cr](https://www.thehindubusinessline.com/info-tech/zen-technologies-q2-pat-rises-to-90-cr/article71656996.ece)
- [Zen Technologies stock surges 8% after reporting record quarterly revenue](https://www.thehindubusinessline.com/markets/stock-markets/zen-technologies-stock-surges-8-after-reporting-record-quarterly-revenue/article71656480.ece)
- [Zen Technologies Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZENTEC_05112026170334_SECLTr30092026.pdf)
- [Zen Technologies Limited has informed the Exchange regarding Exercise of 6375 Options. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ZENTEC_05112026231055_SEIntimationEsop_6375_Shares_Signed.pdf)
- [ZEN TECHNOLOGIES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_11756_WebXMLFile_20261105_233549978.xml)
- [Monitoring Agency Report for the quarter ended September 30, 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/ZENTEC_04112026124125_MonitoringAgency_report.pdf)
- [Zen Technologies Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZENTEC_02112026231141_SECLlink30092026.pdf)

### Bear Case

Zen Technologies faces significant valuation and volatility risks despite strong operational execution. The stock trades at a premium to public sector peers, with analysts noting that mid-cap defence players often command higher valuations due to superior margins but face corresponding risks in order execution and procurement timing. Technically, the share price has experienced a severe correction, currently sitting 32.6% below its recent peak, with a maximum historical drawdown of -61.7%. Annualized volatility is elevated at 46.8%, indicating substantial price instability. While the monthly technical trend is bearish, the stock remains sensitive to near-term resistance levels just above the current ₹1,712 price point, requiring sustained momentum to overcome immediate overhead supply.

- Valuation Premium: Analysts highlight that Zen Technologies trades at a premium to established PSUs, exposing investors to heightened sensitivity on order execution delays and procurement timing risks.
- Severe Drawdown: The stock is down 32.6% from its recent high, with a maximum historical drawdown of -61.7%, reflecting significant capital erosion for recent entrants.
- High Volatility: Annualized volatility stands at 46.8%, suggesting large price swings and increased risk for short-term holders.
- Technical Resistance: Monthly trends are bearish, with immediate resistance identified at ₹1,719.21 (0.42% above), limiting upside potential in the near term.

- [Beyond HAL, BEL: Apollo Micro Systems, MTAR, Data Patterns, Zen Tech, among 5 defence stocks on experts' radar | List](https://www.livemint.com/market/stock-market-news/beyond-hal-bel-apollo-micro-systems-mtar-data-patterns-zen-tech-among-5-defence-stocks-on-experts-radar-list-11793804507584.html)
- [Broker’s Call: Zen Technologies (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-zen-technologies-buy/article71660394.ece)
- [Zen Technologies Q2 FY27: Strong execution, order pipeline drive revenue visibility](https://www.moneycontrol.com/news/business/moneycontrol-research/zen-technologies-q2-fy27-strong-execution-order-pipeline-drive-revenue-visibility-14066971.html)
- [Zen Technologies Q2 PAT rises to ₹90 cr](https://www.thehindubusinessline.com/info-tech/zen-technologies-q2-pat-rises-to-90-cr/article71656996.ece)
- [Zen Technologies stock surges 8% after reporting record quarterly revenue](https://www.thehindubusinessline.com/markets/stock-markets/zen-technologies-stock-surges-8-after-reporting-record-quarterly-revenue/article71656480.ece)
- [Zen Technologies Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZENTEC_05112026170334_SECLTr30092026.pdf)
- [Zen Technologies Limited has informed the Exchange regarding Exercise of 6375 Options. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ZENTEC_05112026231055_SEIntimationEsop_6375_Shares_Signed.pdf)
- [ZEN TECHNOLOGIES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_11756_WebXMLFile_20261105_233549978.xml)
- [Monitoring Agency Report for the quarter ended September 30, 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/ZENTEC_04112026124125_MonitoringAgency_report.pdf)
- [Zen Technologies Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZENTEC_02112026231141_SECLlink30092026.pdf)

### FAQs

**What were Zen Technologies' key financial results for Q2 FY27?**

For the quarter ended September 30, 2026, Zen Technologies reported record consolidated revenue of ₹345.13 crore, nearly doubling year-on-year. Consolidated net profit (PAT) rose to ₹89.54 crore, with operational EBITDA margins at 38.2%. The company secured orders worth ₹481.81 crore during the period.

**How large is the current order book and what drives future visibility?**

As of September 30, 2026, the consolidated order book stood at ₹1,375.70 crore. Management targets achieving ₹4,000 crore in revenue over the next two financial years, contingent on government procurement processes, particularly Fast Track Procurement (FTP) for counter-drone systems expected by March 31, 2027.

**What is the company's financial position regarding debt and cash?**

Zen Technologies confirmed a debt-free status with ₹968 crore in cash as of the reporting date. Regarding its Qualified Institutional Placement (QIP), ₹73,784.73 lakhs had been utilized out of ₹97,950.77 lakhs raised, with the unutilized balance invested in fixed deposits earning between 5.50% and 6.60%.

**How has the stock performed technically and fundamentally recently?**

Shares surged 8.32% following the Q2 results. As of November 6, 2026, the stock closed at ₹1,712.00, trading near resistance levels of ₹1,719.21 and ₹1,732.07. Year-to-date returns stand at +26.2%, though the stock remains in a significant drawdown of -32.6% from its peak.

- [Beyond HAL, BEL: Apollo Micro Systems, MTAR, Data Patterns, Zen Tech, among 5 defence stocks on experts' radar | List](https://www.livemint.com/market/stock-market-news/beyond-hal-bel-apollo-micro-systems-mtar-data-patterns-zen-tech-among-5-defence-stocks-on-experts-radar-list-11793804507584.html)
- [Broker’s Call: Zen Technologies (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-zen-technologies-buy/article71660394.ece)
- [Zen Technologies Q2 FY27: Strong execution, order pipeline drive revenue visibility](https://www.moneycontrol.com/news/business/moneycontrol-research/zen-technologies-q2-fy27-strong-execution-order-pipeline-drive-revenue-visibility-14066971.html)
- [Zen Technologies Q2 PAT rises to ₹90 cr](https://www.thehindubusinessline.com/info-tech/zen-technologies-q2-pat-rises-to-90-cr/article71656996.ece)
- [Zen Technologies stock surges 8% after reporting record quarterly revenue](https://www.thehindubusinessline.com/markets/stock-markets/zen-technologies-stock-surges-8-after-reporting-record-quarterly-revenue/article71656480.ece)
- [Zen Technologies Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZENTEC_05112026170334_SECLTr30092026.pdf)
- [Zen Technologies Limited has informed the Exchange regarding Exercise of 6375 Options. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ZENTEC_05112026231055_SEIntimationEsop_6375_Shares_Signed.pdf)
- [ZEN TECHNOLOGIES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_11756_WebXMLFile_20261105_233549978.xml)
- [Monitoring Agency Report for the quarter ended September 30, 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/ZENTEC_04112026124125_MonitoringAgency_report.pdf)
- [Zen Technologies Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ZENTEC_02112026231141_SECLlink30092026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,732.07
- Risk regime: Higher Price Risk

### Support levels
- 1589.40625
- 1469.494287109375
- 1423.498828125

### Resistance levels
- 1719.2062500000002
- 1808.875
- 1925

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.72% |
| return_10 | +14.61% |
| return_1m | +6.05% |
| return_1y | +24.31% |
| return_20 | +13.06% |
| return_3m | -1.30% |
| return_5 | +7.78% |
| return_6m | +9.24% |
| return_since_start | -30.97% |
| return_ytd | +26.20% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -61.72% |
| annualized_volatility | +46.79% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Zen Technologies Limited Q2 FY2026-27: Revenue more than doubles quarter-on-quarter

Revenue from operations rose to ₹345 crore in Q2 FY2026-27, up 144% from Q1 and 99% from the year-ago quarter; profit before tax increased to ₹139 crore. However, operating cash flow was negative ₹303 crore, while receivables and inventories were substantially higher at 30 September 2026 than at 31 March 2026.

## Revenue and profit accelerate

Revenue from operations increased to ₹345 crore from ₹142 crore in Q1 FY2026-27 and ₹174 crore in Q2 FY2025-26. Total income was ₹362 crore, including ₹16.7 crore of other income.

Expenses rose 99% quarter-on-quarter to ₹223 crore, less than the 144% increase in revenue. Profit before tax reached ₹139 crore, compared with ₹45.6 crore in Q1 FY2026-27 and ₹83.2 crore in Q2 FY2025-26. Profit for the period was ₹101.9 crore, of which ₹89.5 crore was attributable to owners of the parent and ₹12.3 crore to non-controlling interests.

Basic and diluted EPS from continuing operations were both ₹9.97, up from ₹3.83 in Q1 FY2026-27 and ₹6.61 in Q2 FY2025-26. Trailing 12-month EPS was ₹23.40.

## Costs and tax

In Q2 FY2026-27, cost of materials consumed was ₹144 crore, employee benefit expense ₹44.7 crore and depreciation ₹8.7 crore. The reported change in inventories of finished goods, work in progress and stock in trade was negative ₹30.7 crore.

Tax expense was ₹35.8 crore, compared with ₹13.4 crore in Q1 FY2026-27. Current tax was ₹36.5 crore, partly offset by a deferred tax credit. Finance costs remained modest at ₹1.1 crore.

## Operating cash flow turns negative

Cash flow from operating activities was negative ₹303 crore in Q2 FY2026-27. Investing activities generated ₹521 crore, while financing activities used ₹37.1 crore. Free cash flow, as reported, was ₹218 crore.

The divergence between reported profit and operating cash flow is an important consideration in assessing the quarter: strong earnings growth was accompanied by a substantial operating cash outflow.

## Receivables and inventory rise

At 30 September 2026, trade receivables stood at ₹479 crore, up from ₹224 crore at 31 March 2026 and ₹327 crore at 30 September 2025. Inventories were ₹343 crore, compared with ₹188 crore at 31 March 2026 and ₹121 crore a year earlier.

Cash and cash equivalents were ₹260 crore at 30 September 2026, compared with ₹78.9 crore at 31 March 2026 and ₹370 crore at 30 September 2025. Other bank balances were ₹323 crore. Current liabilities were ₹219 crore, including trade payables of ₹55.8 crore.

## Key Takeaway

Zen Technologies recorded a sharp increase in quarterly revenue, profit and EPS. The key counterpoint is negative operating cash flow alongside higher receivables and inventory, making cash conversion an important part of the earnings picture.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +48.51%
- FII holding: +6.47%
- DII holding: +10.42%
- Mutual fund holding: +7.55%
- Retail holding: +27.84%
- Promoter pledged: +0.00%

### Major reported shareholders

- ASHOK ATLURI — +21.65%
- KISHORE DUTT ATLURI — +16.33%
- MOTILAL OSWAL NIFTY 500 ETF — +6.53%
- RAMA DEVI ATLURI — +2.96%
- TARA DUTT ATLURI — +2.09%
- SATISH ATLURI — +1.31%
- ARJUN DUTT ATLURI — +1.11%
- ANISHA ATLURI — +1.11%
- ABHILASHA ATLURI — +1.11%
- LOGICAL SOLUTIONS LIMITED — +1.05%

## Official filings

- 2026-11-06 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_06112026232313_SEIntimationEsop_350_Shares_Signed.pdf)
- 2026-11-05 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_05112026170334_SECLTr30092026.pdf)
- 2026-11-05 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_05112026231055_SEIntimationEsop_6375_Shares_Signed.pdf)
- 2026-11-05 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_11756_WebXMLFile_20261105_233549978.xml)
- 2026-11-04 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_04112026124125_MonitoringAgency_report.pdf)
- 2026-11-02 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_02112026231141_SECLlink30092026.pdf)
- 2026-11-02 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_11756_WebXMLFile_20261102_232648452.xml)
- 2026-11-01 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_01112026184208_BM_NP_30092026.pdf)
- 2026-11-01 — Press Release: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_01112026184856_SEPR30092026.pdf)
- 2026-11-01 — Earnings Presentation: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_01112026185216_SEIP30092026.pdf)
- 2026-10-31 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_31102026162542_BM_OC_UFR_Q2FY26.pdf)
- 2026-10-31 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_31102026164413_SOD30092026.pdf)
- 2026-10-31 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_31102026165554_BM_ESOS.pdf)
- 2026-10-31 — Financial Results Filing: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750733_31102026053416_WEB.xml)
- 2026-10-31 — Financial Results Filing: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750732_31102026053349_WEB.xml)
- 2026-10-27 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_27102026163029_Invitation.pdf)
- 2026-10-27 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_11756_WebXMLFile_20261027_174824448.xml)
- 2026-10-24 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_24102026152355_Zen_Reg30_Intimation_Award_to_Shilpa_Madam.pdf)
- 2026-10-23 — Board Meeting Notice: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_23102026232635_BMIntimation30092026.pdf)
- 2026-10-23 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_11756_WebXMLFile_20261023_234302745.xml)
- 2026-10-23 — Board Meeting Notice: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_11756_WebXMLFile_20261023_234302745.xml)
- 2026-10-19 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_19102026091454_ZenReg30IntimationUTSFire.pdf)
- 2026-10-18 — Press Release: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_18102026112012_PressRelease18102026.pdf)
- 2026-10-17 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ZENTEC_17102026195446_Cogknit_Reg30_Board_Outcome_17Oct2026__Clean_.pdf)
- 2026-10-17 — Generic Announcement: Zen Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_11756_WebXMLFile_20261018_014803142.xml)

## News and market events

- 2026-11-04 — Mint: **Beyond HAL, BEL: Apollo Micro Systems, MTAR, Data Patterns, Zen Tech, among 5 defence stocks on experts' radar | List** — Analysts highlight Apollo Micro Systems, MTAR Technologies, Data Patterns, Zen Technologies, and Astra Microwave as key private-sector players benefiting from India's defence localisation push alongside established public sector undertakings. Experts note that while these mid-cap firms offer faster growth and superior margins due to high-margin niches, they trade at premium valuations compared to PSUs and face risks related to order execution and procurement timing. — [Source](https://www.livemint.com/market/stock-market-news/beyond-hal-bel-apollo-micro-systems-mtar-data-patterns-zen-tech-among-5-defence-stocks-on-experts-radar-list-11793804507584.html)
- 2026-11-03 — The Hindu: **Broker’s Call: Zen Technologies (Buy)** — Choice Institutional Equities has upgraded Zen Technologies to a 'Buy' rating with a target price of ₹2,150, citing the company's record quarterly revenue and strong order inflows that have expanded its consolidated order book. The broker highlights the potential for -term growth driven by indigenous CUAS capabilities, simulator opportunities, and expected procurement progress through fast-track routes. Consequently, financial estimates for FY27 and FY28 have been revised upward to reflect an improved revenue trajectory and expanded technology portfolio. — [Source](https://www.thehindubusinessline.com/markets/brokers-call-zen-technologies-buy/article71660394.ece)
- 2026-11-03 — MONEYCONTROL: **Zen Technologies Q2 FY27: Strong execution, order pipeline drive revenue visibility** — Zen Technologies reported strong execution and a robust order pipeline for Q2 FY27, which the company states drives revenue visibility. The article highlights these operational strengths as key factors supporting the firm's financial outlook for the quarter. — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/zen-technologies-q2-fy27-strong-execution-order-pipeline-drive-revenue-visibility-14066971.html)
- 2026-11-02 — The Hindu: **Zen Technologies Q2 PAT rises to ₹90 cr** — Zen Technologies reported a consolidated net profit of ₹89.54 crore for the second quarter ended September 30, 2026, driven by revenue from operations that nearly doubled to ₹345.13 crore, marking its highest-ever quarterly figure. The company secured orders worth ₹481.81 crore during the period, bringing its total consolidated order book to ₹1,375.70 crore as of September 30. — [Source](https://www.thehindubusinessline.com/info-tech/zen-technologies-q2-pat-rises-to-90-cr/article71656996.ece)
- 2026-11-02 — The Hindu: **Zen Technologies stock surges 8% after reporting record quarterly revenue** — Shares of Zen Technologies surged 8.32% after the Hyderabad-based defence company reported its highest-ever consolidated quarterly revenue of ₹345.13 crore for Q2 FY27, nearly doubling the figure from the same period last year. The strong performance was driven by a 103.9% year-on-year increase in operational EBITDA and robust order inflows that lifted the consolidated order book to ₹1,375.70 crore. Chairman Ashok Atluri attributed the results to the firm's core technology ownership, which facilitated faster product adaptation and timely delivery under Fast Track Procurement. — [Source](https://www.thehindubusinessline.com/markets/stock-markets/zen-technologies-stock-surges-8-after-reporting-record-quarterly-revenue/article71656480.ece)
- 2026-11-02 — MONEYCONTROL: **Zen Technologies share jumps 8% on Rs 1,376-crore order book, strong Q2 performance** — Zen Technologies saw its shares rise by approximately 8.5% following the announcement of a strong second-quarter financial performance and a substantial order book valued at Rs 1,376 crore. — [Source](https://www.moneycontrol.com/news/business/stocks/zen-technologies-shares-jump-8-5-after-q2-profit-rises-51-revenue-nearly-doubles-14066124.html)
- 2026-11-02 — Economic Times: **Zen Technologies shares rally 9% after Q2 profit rises 51% YoY, revenue nearly doubles** — Zen Technologies reported a 51% year-on-year increase in Q2 net profit to Rs 90 crore and nearly doubled revenue to Rs 345 crore for the quarter ended September 30, 2026, driven by sustained demand and faster execution of orders. The company's consolidated order book grew to Rs 1,375.70 crore, supported by a favourable domestic defence procurement environment and government prioritisation of indigenisation. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/zen-technologies-shares-rally-9-after-q2-profit-rises-51-yoy-revenue-nearly-doubles/articleshow/135445767.cms)
- 2026-11-01 — FREEPRESSJOURNAL.IN: **Zen Technologies Q2 FY27 Profit Jumps 51% To ₹89.5 Crore, Revenue Surges 99% To ₹345 Crore** — Zen Technologies Limited reported unaudited Q2 FY27 financial results indicating a significant increase in profitability and revenue compared to the prior year period. — [Source](https://www.freepressjournal.in/business/zen-technologies-q2-fy27-profit-jumps-51-to-895-crore-revenue-surges-99-to-345-crore)
- 2026-10-31 — CNBC-TV18: **Zen Technologies Q2 results: Net profit rises 51%, revenue nearly doubles to ₹345 crore** — Zen Technologies reported a 50.7% year-on-year increase in consolidated net profit to ₹90 crore for Q2 FY27, alongside a near-doubling of revenue to ₹345.1 crore and an order book standing at ₹1,375.70 crore as of September 30, 2026. — [Source](https://www.cnbctv18.com/market/earnings/zen-technologies-q2-results-net-profit-rises-51-revenue-nearly-doubles-to-rs345-crore-20024108.htm)
- 2026-10-31 — The Hindu: **Q2 Results Today Live: NTPC, Muthoot Finance, Shyam Metalics & Energy, Sarda Energy and Minerals, Zen Technologies, National Securities Depository, Rainbow Childrens Medicare Share to announce Q2 results** — Syrma SGS has set a target of $1 billion in revenue for the next year, driven by strong growth in H1 and record Q2 FY27 results despite component shortages and PCB bottlenecks. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-ntpc-muthoot-finance-shyam-metalics-amp-energy-sarda-energy-and-minerals-zen-technologies-national-securities-depository-rainbowc-childrens-medicare-company-results-31-oc/article71648157.ece)
- 2026-10-31 — The Hindu: **Q2 Results Highlights 31st Oct: NTPC, Quess Corp, Best Agrolife, Eveready Industries, CDSL, Muthoot Finance, Aditya Birla Fashion post profit growth; IGL, Tilaknagar Industries, Birla Corp report profit decline** — Muthoot Finance reported a 27% year-on-year growth in standalone profit to Rs 2,977 crore for the July-September quarter of FY27, driven by an increase in total income to Rs 8,842 crore from Rs 6,442 crore in the same period last year. — [Source](https://www.thehindubusinessline.com/markets/q2-results-highlights-ntpc-muthoot-finance-shyam-metalics-amp-energy-sarda-energy-and-minerals-zen-technologies-national-securities-depository-rainbowc-childrens-medicare-company-results-31-oc/article71648157.ece)
- 2026-10-28 — BUSINESSTODAY: **Shilpa Choudari on Zen Technologies’ evolution into a multi-domain defence-tech player** — A well-paying job was her initial ambition, not entrepreneurship or corporate leadership. — [Source](https://www.businesstoday.in/magazine/profile/story/shilpa-choudari-on-zen-technologies-evolution-into-a-multi-domain-defence-tech-player-564266-2026-10-28)
- 2026-10-27 — Mint: **Top stocks to buy: Experts suggest BSE, GMR Airports, Nykaa, Zen Tech, and 2 others - Target price, stop-loss** — Experts recommended six stocks for possible short-term gains, based on support levels, trend reversals and momentum signals; named picks include Nykaa, ICICI Prudential AMC and Zen Technologies.  — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-buy-experts-suggest-bse-gmr-airports-nykaa-zen-tech-and-2-others-target-price-stoploss-11793083427379.html)
- 2026-10-27 — CNBC-TV18: **Markets may stabilise in coming months; Paytm, defence stocks among top picks: Marketsmith India** — Marketsmith India's Mayuresh Joshi expects Paytm to benefit from proposed MDR changes, saying they could improve revenue growth, margins and cash flows. He also sees Pine Labs gaining from the policy. What could MDR mean for India's payment companies? — [Source](https://www.cnbctv18.com/market/mayuresh-joshi-paytm-solar-industries-zen-technologies-market-analysts-crude-oil-prices-geopolitical-tensions-defence-stocks-alpha-article-20020008.htm)
- 2026-10-26 — Times of India: **Success story of startup Sagar Defence: From 150 sq ft workspace to leading provider of swarm boats to Navy - The Times of India** — NEW DELHI: A startup that started its operations from a tiny 150 sq ft workspace in Mumbai has now grown into a full-fledged defence company with major — [Source](https://timesofindia.indiatimes.com/defence/success-story-of-startup-sagar-defence-from-150-sq-ft-workspace-to-leading-provider-of-swarm-boats-to-navy/articleshow/135216582.cms)
- 2026-10-22 — BUSINESSTODAY: **How India’s defence manufacturing ecosystem is undergoing a transformation** — In a world shaped by geopolitical volatility and technological disruption, India has significantly expanded defence spending to strengthen military preparedness and indigenous manufacturing. — [Source](https://www.businesstoday.in/magazine/deep-dive/story/how-indias-defence-manufacturing-ecosystem-is-undergoing-a-transformation-563071-2026-10-22)
- 2026-10-19 — Economic Times: **Stocks in news: Vedanta, HDFC Bank, ICICI Bank, Axis Bank, HFCL, IREDA, Zen Tech and Oil India** — Indian equities turned around as information technology stocks attracted sustained buying interest. Strong quarterly earnings reports enhanced investor confidence in the market, with the Nifty 50 index achieving a closing point of 23,146, representing a 0.65% rise. Prominent companies like HDFC Bank and ICICI Bank shared their quarterly outcomes, showcasing improved asset quality. Investors are anticipated to keep an eye on upcoming corporate announcements which may guide market trends. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-vedanta-hdfc-bank-icici-bank-axis-bank-hfcl-ireda-zen-tech-and-oil-india/articleshow/135037012.cms)
- 2026-10-07 — BUSINESSTODAY: **HAL, BEL, BDL, Data Patterns, Azad, MIDHANI shares: Top 3 defence stock picks ahead of Q2 results** — HAL share price, BDL share price, BEL share price, Astra Microwave share price, Solar Industries share price, defence stocks, Azad share price, MIDHANI share price — [Source](https://www.businesstoday.in/markets/stocks/story/hal-bel-bdl-data-patterns-azad-midhani-shares-top-3-defence-stock-picks-ahead-of-q2-results-560118-2026-10-07)
- 2026-10-05 — Mint: **TCS, HCL Tech to Mphasis: IT stocks to add in portfolio ahead of Q2 results | Check target price, upside, preview** — IT stocks to buy: The brokerage’s recommendations point to a mixed but potentially attractive setup across Indian IT stocks. — [Source](https://www.livemint.com/market/stock-market-news/tcs-hcl-tech-to-mphasis-it-stocks-to-add-in-portfolio-ahead-of-q2-results-check-target-price-upside-preview-11791182199262.html)
- 2026-09-11 — MONEYCONTROL: **Zen Technologies: Rising defence spending fortifies business** — MCPro, Moneycontrol Research, Stock Recommendation, Zen Technologies, Q1 FY27, Defence — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/zen-technologies-rising-defence-spending-fortifies-business-14027589.html)
- 2026-09-08 — NEWS.WEBINDIA123.COM: **PM-SETU approves Rs 735.70 crore plans for ITI clusters in Rajasthan, UP, Telangana** — The National Steering Committee under the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) has approved Strategic Investment Plans worth Rs 735.70 crore for three ITI clusters in Rajasthan, Uttar Pradesh and Telangana, taking the scheme's total sanctioned investment to Rs 2,171 crore across nine ITI clusters. — [Source](https://news.webindia123.com/news/articles/business/20260908/4496152.html)
- 2026-08-27 — Economic Times: **These 19 Indian stocks turned into tenbaggers in 5 years: Peter Lynch’s rules to find the next** — Over the last five years, various Indian stocks have reached extraordinary tenbagger returns, including remarkable surges in GE Vernova T&D and BSE shares, which soared by over two thousand percent. Other notable firms like Apar Industries and Zen Technologies also reported impressive growth. Noted investor Peter Lynch suggests that understanding your investments and maintaining them for the long haul can yield fruitful results. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/these-19-stocks-turned-into-tenbaggers-in-5-years-peter-lynchs-rules-to-find-the-next/articleshow/133556335.cms)
- 2026-08-11 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty falls below 24,500, falls 90 points in early trade** — Sensex Today | Stock Market LIVE Updates:  The market will be encountering a rebound in crude oil prices, with Brent climbing past $87 a barrel yet again. The Nifty Bank too, continues to trade in a narrow range, unable to break past 58,000 on the upside, and managing to defend 57,500 on the lower end. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-expiry-today-oil-adani-bse-wipro-vedanta-vodafone-idea-rvnl-share-price-liveblog-19966134.htm)
- 2026-08-10 — CNBC-TV18: **Stocks to Watch for August 11: Wipro, Vodafone Idea, Bharat Electronics, Bosch and more** — From BEL securing additional orders worth ₹541 crore to Lloyds Metals & Energy, KEC International, Vodafone Idea and others reporting their June-quarter results after market hours, these are the stocks likely to remain in focus ahead of Tuesday’s trading session. Ashiana Housing, Allcargo Terminals, Kalyani Forge and others are also due to report results on August 11. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-11-vodafone-idea-bharat-electronics-lloyds-metals-bosch-and-more-19965863.htm)
- 2026-08-10 — Mint: **Zen Technologies shares to be in focus on Tuesday after company secures ₹295 crore defence order | Stock Market News** — Zen Technologies secured a ₹295 crore order from the Ministry of Defence for simulators, enhancing its order pipeline, which totals ₹1,239.02 crore. The revenue outlook is positive as new products and Air Force training offerings are in development, despite a decline in profits this quarter. — [Source](https://www.livemint.com/market/stock-market-news/zen-technologies-shares-to-be-in-focus-on-tuesday-after-company-secures-rs-295-crore-defence-order-11786381376241.html)

## Business profile

**Strategic vision:** Designs, develops, and manufactures advanced combat training and counter-drone systems.

### Business segments
- **Combat Training Solutions:** These systems are designed for defense and security forces globally, including advanced weapon simulators, small arms training modules, and specialized simulators for various military platforms.
- **Counter-Drone Solutions (CUAS):** The Anti Drone System detects, classifies, and tracks drones using passive surveillance and camera sensors, neutralizing threats through jamming drone communication.

### Competitive strengths
- Indigenously developed solutions
- Expertise in advanced simulation and counter-drone technology

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/zentec
Markdown representation: https://faxioms.com/stocks/zentec?render=md