Zen Technologies Ltd.
•₹ 1,926.30.9%
2026-08-21
PROS
- Company has delivered good profit growth of 139.4% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 34.8%
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.7%
- Company has delivered good sales growth of 65.9% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
CONS
- Recent results are weak - TTM profit is down 41.0% versus prior year
- Promoter holding has decreased over last 2 years: -6.6pp
- A large part of profit comes from other income (28.8% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.45x)
- Valuation is stretched - P/E of 96.8 is well above its own 5-year median (59.6)
- Equity base is being diluted - shares outstanding up 13.6%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | HAL | 5010.00 | 35.94 | 335056.28 | 0.90 | 1589.66 | 14.88 | 5515.17 | 14.45 | 31.99 | 27.89 |
| 2. | BEL | 408.70 | 48.61 | 298750.66 | 0.61 | 1054.53 | 8.82 | 5546.98 | 24.94 | 36.68 | 25.22 |
| 3. | BDL | 1349.00 | 0.00 | 49449.28 | 0.36 | 118.79 | 547.36 | 572.24 | 147.63 | 19.75 | 14.52 |
| 4. | DATAPATTNS | 4775.20 | 3475.81 | 26733.46 | 0.21 | 220.60 | 765.10 | 1160.30 | 1068.13 | 23.18 | 27.04 |
| 5. | AEQUS | 262.40 | 0.00 | 17598.27 | 0.00 | -532.28 | -6067.26 | 3955.45 | 1486.69 | 1.50 | 4.47 |
| 6. | ZENTEC | 1932.40 | 96.85 | 17448.21 | 0.05 | 31.85 | -39.99 | 141.64 | -10.48 | 16.83 | 27.13 |
| 7. | ASTRAMICRO | 1702.95 | 85.53 | 16168.66 | 0.14 | 12.35 | -24.12 | 176.66 | -11.55 | 19.18 | 20.40 |
| 8. | APOLLO | 385.85 | 118.18 | 14338.17 | 0.06 | 252.16 | 1325.84 | 2512.93 | 1781.17 | 14.05 | 21.38 |
| 9. | SIGMAADV | 691.05 | 86.42 | 13125.04 | 0.00 | 354.12 | 159.95 | 3742.77 | — | 9.66 | 15.54 |
| 10. | PARAS | 1496.10 | 127.65 | 12056.67 | 0.07 | 20.74 | 45.34 | 127.91 | 37.26 | 18.68 | 24.95 |
| 11. | UNIMECH | 1498.40 | 105.90 | 7627.16 | 0.00 | 27.86 | 45.70 | 107.62 | 70.85 | 12.10 | 36.35 |
| 12. | AXISCADES | 1591.70 | 186.31 | 6770.06 | 0.00 | -14.76 | -170.76 | 183.35 | -24.77 | 14.56 | 4.73 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 132 | 66 | 100 | 141 | 255 | 242 | 152 | 325 | 158 | 174 | 178 | 178 | 142 | |
| 64 | 48 | 57 | 91 | 143 | 162 | 108 | 187 | 94 | 109 | 111 | 127 | 112 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 3 | 5 | 4 | 3 | 3 | 8 | 22 | 25 | 22 | 25 | 16 | 23 | 19 |
| Interest | 0 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 3 | 2 | 3 | 2 | 1 |
| Depreciation | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 6 | 6 | 6 | 8 |
| 69 | 22 | 44 | 52 | 110 | 82 | 59 | 154 | 77 | 83 | 73 | 66 | 45 | |
| Tax % | 30.06% | 36.81% | 31.50% | 27.38% | 27.90% | 22.98% | 28.25% | 26.13% | 30.17% | 25.50% | 23.47% | 26.08% | 29.63% |
| Net Profit | 0 | 0 | 0 | 0 | 79 | 63 | 43 | 114 | 53 | 62 | 56 | 47 | 32 |
| 6 | 2 | 4 | 4 | 9 | 7 | 4 | 11 | 5 | 7 | 6 | 4 | 0 | |
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,743 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,743 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 132
- 64
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 2
- 69
- Tax %
- 30.06%
- Net Profit
- 0
- 6
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 66
- 48
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 1
- Depreciation
- 2
- 22
- Tax %
- 36.81%
- Net Profit
- 0
- 2
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 100
- 57
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 1
- Depreciation
- 3
- 44
- Tax %
- 31.50%
- Net Profit
- 0
- 4
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 141
- 91
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 3
- 52
- Tax %
- 27.38%
- Net Profit
- 0
- 4
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 255
- 143
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 3
- 110
- Tax %
- 27.90%
- Net Profit
- 79
- 9
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 242
- 162
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 2
- Depreciation
- 4
- 82
- Tax %
- 22.98%
- Net Profit
- 63
- 7
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 152
- 108
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 3
- Depreciation
- 4
- 59
- Tax %
- 28.25%
- Net Profit
- 43
- 4
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 325
- 187
- Operating Profit
- —
- OPM %
- —
- Other Income
- 25
- Interest
- 4
- Depreciation
- 5
- 154
- Tax %
- 26.13%
- Net Profit
- 114
- 11
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 158
- 94
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 3
- Depreciation
- 6
- 77
- Tax %
- 30.17%
- Net Profit
- 53
- 5
- Equity Capital
- 9
- Reserves
- 1,743
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 1,743
- Promoter Pledge %
- 0.00%
Sep 2025
- 174
- 109
- Operating Profit
- —
- OPM %
- —
- Other Income
- 25
- Interest
- 2
- Depreciation
- 6
- 83
- Tax %
- 25.50%
- Net Profit
- 62
- 7
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 178
- 111
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 3
- Depreciation
- 6
- 73
- Tax %
- 23.47%
- Net Profit
- 56
- 6
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 178
- 127
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 2
- Depreciation
- 6
- 66
- Tax %
- 26.08%
- Net Profit
- 47
- 4
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 142
- 112
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 1
- Depreciation
- 8
- 45
- Tax %
- 29.63%
- Net Profit
- 32
- 0
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 53 | 62 | 92 | 149 | 55 | 70 | 219 | 440 | 974 | 688 | 671 | |
| 49 | 50 | 76 | 87 | 47 | 65 | 146 | 259 | 591 | 440 | 459 | |
| Operating Profit | 10 | 15 | 20 | 65 | 10 | 10 | 80 | 196 | 441 | 333 | — |
| OPM % | 18 | 24 | 21 | 43 | 19 | 14 | 36 | 44 | 45 | 48 | — |
| Other Income | 6 | 4 | 3 | 2 | 3 | 5 | 7 | 15 | 58 | 85 | 83 |
| Interest | 2 | 2 | 5 | 3 | 1 | 2 | 4 | 2 | 19 | 10 | 8 |
| Depreciation | 4 | 4 | 4 | 5 | 5 | 5 | 6 | 10 | 15 | 24 | 26 |
| 3 | 9 | 11 | 57 | 4 | 3 | 72 | 186 | 406 | 297 | 268 | |
| Tax % | 21 | 20 | -19 | -3 | 36 | 21 | 30 | 30 | 26 | 27 | 26 |
| Net Profit | 2 | 7 | 13 | 59 | 3 | 3 | 50 | 130 | 299 | 218 | 199 |
| EPS | 0 | 1 | 2 | 8 | 0 | 0 | 5 | 15 | 31 | 21 | — |
| Dividend Payout % | 33 | 16 | 17 | 5 | 26 | 40 | 4 | 7 | 6 | 5 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | -1 | -7 | -2 | -19 | -24 | -3 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 |
| Adjusted EPS | 0 | 1 | 2 | 8 | 0 | 0 | 5 | 15 | 31 | 21 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | -1 | -7 | -2 | -19 | -24 | -3 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 |
| Adjusted EPS | 0 | 1 | 2 | 8 | 0 | 0 | 5 | 15 | 31 | 21 | — |
Mar 2016
- 53
- 49
- Operating Profit
- 10
- OPM %
- 18
- Other Income
- 6
- Interest
- 2
- Depreciation
- 4
- 3
- Tax %
- 21
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2017
- 62
- 50
- Operating Profit
- 15
- OPM %
- 24
- Other Income
- 4
- Interest
- 2
- Depreciation
- 4
- 9
- Tax %
- 20
- Net Profit
- 7
- EPS
- 1
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2019
- 92
- 76
- Operating Profit
- 20
- OPM %
- 21
- Other Income
- 3
- Interest
- 5
- Depreciation
- 4
- 11
- Tax %
- -19
- Net Profit
- 13
- EPS
- 2
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2020
- 149
- 87
- Operating Profit
- 65
- OPM %
- 43
- Other Income
- 2
- Interest
- 3
- Depreciation
- 5
- 57
- Tax %
- -3
- Net Profit
- 59
- EPS
- 8
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2021
- 55
- 47
- Operating Profit
- 10
- OPM %
- 19
- Other Income
- 3
- Interest
- 1
- Depreciation
- 5
- 4
- Tax %
- 36
- Net Profit
- 3
- EPS
- 0
- Dividend Payout %
- 26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2022
- 70
- 65
- Operating Profit
- 10
- OPM %
- 14
- Other Income
- 5
- Interest
- 2
- Depreciation
- 5
- 3
- Tax %
- 21
- Net Profit
- 3
- EPS
- 0
- Dividend Payout %
- 40
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2023
- 219
- 146
- Operating Profit
- 80
- OPM %
- 36
- Other Income
- 7
- Interest
- 4
- Depreciation
- 6
- 72
- Tax %
- 30
- Net Profit
- 50
- EPS
- 5
- Dividend Payout %
- 4
- Minority Interest
- -7
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- -7
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 440
- 259
- Operating Profit
- 196
- OPM %
- 44
- Other Income
- 15
- Interest
- 2
- Depreciation
- 10
- 186
- Tax %
- 30
- Net Profit
- 130
- EPS
- 15
- Dividend Payout %
- 7
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2025
- 974
- 591
- Operating Profit
- 441
- OPM %
- 45
- Other Income
- 58
- Interest
- 19
- Depreciation
- 15
- 406
- Tax %
- 26
- Net Profit
- 299
- EPS
- 31
- Dividend Payout %
- 6
- Minority Interest
- -19
- Share of Associates
- 0
- Adjusted EPS
- 31
- Minority Interest
- -19
- Share of Associates
- 0
- Adjusted EPS
- 31
Mar 2026
- 688
- 440
- Operating Profit
- 333
- OPM %
- 48
- Other Income
- 85
- Interest
- 10
- Depreciation
- 24
- 297
- Tax %
- 27
- Net Profit
- 218
- EPS
- 21
- Dividend Payout %
- 5
- Minority Interest
- -24
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- -24
- Share of Associates
- 0
- Adjusted EPS
- 21
TTM
- 671
- 459
- Operating Profit
- —
- OPM %
- —
- Other Income
- 83
- Interest
- 8
- Depreciation
- 26
- 268
- Tax %
- 26
- Net Profit
- 199
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -3
- Share of Associates
- -2
- Adjusted EPS
- —
- Minority Interest
- -3
- Share of Associates
- -2
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 24%
- 5 Years:
- 66%
- 3 Years:
- 46%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 29%
- 5 Years:
- 128%
- 3 Years:
- 65%
STOCK PRICE CAGR
- 10 Years:
- 37%
- 5 Years:
- 89%
- 3 Years:
- 33%
- 1 Year:
- 34%
RETURN ON EQUITY
- 10 Years:
- 15%
- 5 Years:
- 18%
- 3 Years:
- 25%
- Last Year:
- 12%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 |
| 105 | 112 | 123 | 179 | 196 | 273 | 305 | 437 | 1,689 | 1,876 | |
| 33 | 6 | 26 | 1 | 1 | 9 | 6 | 1 | 2 | 2 | |
| Trade Payables | 2 | 3 | 8 | 5 | 3 | 4 | 7 | 32 | 25 | 49 |
| 20 | 18 | 45 | 1 | -5 | 55 | 134 | 272 | 319 | 216 | |
| Total Liabilities | 167 | 146 | 210 | 194 | 203 | 349 | 460 | 751 | 2,045 | 2,153 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 44 | 45 | 63 | 73 | 70 | 67 | 75 | 93 | 208 | 239 | |
| Capital Work in Progress | 15 | 17 | 0 | 0 | 0 | 3 | 2 | 10 | 4 | 13 |
| 0 | 0 | 8 | 2 | 2 | 2 | 2 | 0 | 4 | 6 | |
| 10 | 8 | 35 | 14 | 15 | 25 | 49 | 169 | 119 | 188 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 185 | 410 | 224 | |
| Cash & Bank | 68 | 34 | 12 | 25 | 40 | 83 | 167 | 158 | 401 | 355 |
| 30 | 42 | 92 | 80 | 76 | 169 | 164 | 135 | 898 | 1,128 | |
| Total Assets | 167 | 146 | 210 | 194 | 203 | 349 | 460 | 751 | 2,045 | 2,153 |
| Total Debt | 41 | 11 | 42 | 3 | 2 | 14 | 6 | 1 | 54 | 3 |
| Net Working Capital | 55 | 58 | 50 | 103 | 120 | 203 | 192 | 348 | 1,560 | 1,379 |
| Contingent Liabilities | 25 | 24 | 56 | 58 | 9 | 21 | 23 | 13 | 18 | 18 |
| Book Value per Share | 14.56 | 15.49 | 16.93 | 24.20 | 25.71 | 35.28 | 39.39 | 53.04 | 188.10 | 208.80 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 41 | 11 | 42 | 3 | 2 | 14 | 6 | 1 | 54 | 3 |
| Net Working Capital | 55 | 58 | 50 | 103 | 120 | 203 | 192 | 348 | 1,560 | 1,379 |
| Contingent Liabilities | 25 | 24 | 56 | 58 | 9 | 21 | 23 | 13 | 18 | 18 |
| Book Value per Share | 14.56 | 15.49 | 16.93 | 24.20 | 25.71 | 35.28 | 39.39 | 53.04 | 188.10 | 208.80 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2016
- Equity Capital
- 8
- 105
- 33
- Trade Payables
- 2
- 20
- Total Liabilities
- 167
- 44
- Capital Work in Progress
- 15
- 0
- 10
- 0
- Cash & Bank
- 68
- 30
- Total Assets
- 167
- Total Debt
- 41
- Net Working Capital
- 55
- Contingent Liabilities
- 25
- Book Value per Share
- 14.56
- Face Value
- 1.00
- Total Debt
- 41
- Net Working Capital
- 55
- Contingent Liabilities
- 25
- Book Value per Share
- 14.56
- Face Value
- 1.00
Mar 2017
- Equity Capital
- 8
- 112
- 6
- Trade Payables
- 3
- 18
- Total Liabilities
- 146
- 45
- Capital Work in Progress
- 17
- 0
- 8
- 0
- Cash & Bank
- 34
- 42
- Total Assets
- 146
- Total Debt
- 11
- Net Working Capital
- 58
- Contingent Liabilities
- 24
- Book Value per Share
- 15.49
- Face Value
- 1.00
- Total Debt
- 11
- Net Working Capital
- 58
- Contingent Liabilities
- 24
- Book Value per Share
- 15.49
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 8
- 123
- 26
- Trade Payables
- 8
- 45
- Total Liabilities
- 210
- 63
- Capital Work in Progress
- 0
- 8
- 35
- 0
- Cash & Bank
- 12
- 92
- Total Assets
- 210
- Total Debt
- 42
- Net Working Capital
- 50
- Contingent Liabilities
- 56
- Book Value per Share
- 16.93
- Face Value
- 1.00
- Total Debt
- 42
- Net Working Capital
- 50
- Contingent Liabilities
- 56
- Book Value per Share
- 16.93
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 8
- 179
- 1
- Trade Payables
- 5
- 1
- Total Liabilities
- 194
- 73
- Capital Work in Progress
- 0
- 2
- 14
- 0
- Cash & Bank
- 25
- 80
- Total Assets
- 194
- Total Debt
- 3
- Net Working Capital
- 103
- Contingent Liabilities
- 58
- Book Value per Share
- 24.20
- Face Value
- 1.00
- Total Debt
- 3
- Net Working Capital
- 103
- Contingent Liabilities
- 58
- Book Value per Share
- 24.20
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 8
- 196
- 1
- Trade Payables
- 3
- -5
- Total Liabilities
- 203
- 70
- Capital Work in Progress
- 0
- 2
- 15
- 0
- Cash & Bank
- 40
- 76
- Total Assets
- 203
- Total Debt
- 2
- Net Working Capital
- 120
- Contingent Liabilities
- 9
- Book Value per Share
- 25.71
- Face Value
- 1.00
- Total Debt
- 2
- Net Working Capital
- 120
- Contingent Liabilities
- 9
- Book Value per Share
- 25.71
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 8
- 273
- 9
- Trade Payables
- 4
- 55
- Total Liabilities
- 349
- 67
- Capital Work in Progress
- 3
- 2
- 25
- 0
- Cash & Bank
- 83
- 169
- Total Assets
- 349
- Total Debt
- 14
- Net Working Capital
- 203
- Contingent Liabilities
- 21
- Book Value per Share
- 35.28
- Face Value
- 1.00
- Total Debt
- 14
- Net Working Capital
- 203
- Contingent Liabilities
- 21
- Book Value per Share
- 35.28
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 8
- 305
- 6
- Trade Payables
- 7
- 134
- Total Liabilities
- 460
- 75
- Capital Work in Progress
- 2
- 2
- 49
- 0
- Cash & Bank
- 167
- 164
- Total Assets
- 460
- Total Debt
- 6
- Net Working Capital
- 192
- Contingent Liabilities
- 23
- Book Value per Share
- 39.39
- Face Value
- 1.00
- Total Debt
- 6
- Net Working Capital
- 192
- Contingent Liabilities
- 23
- Book Value per Share
- 39.39
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 8
- 437
- 1
- Trade Payables
- 32
- 272
- Total Liabilities
- 751
- 93
- Capital Work in Progress
- 10
- 0
- 169
- 185
- Cash & Bank
- 158
- 135
- Total Assets
- 751
- Total Debt
- 1
- Net Working Capital
- 348
- Contingent Liabilities
- 13
- Book Value per Share
- 53.04
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 348
- Contingent Liabilities
- 13
- Book Value per Share
- 53.04
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 9
- 1,689
- 2
- Trade Payables
- 25
- 319
- Total Liabilities
- 2,045
- 208
- Capital Work in Progress
- 4
- 4
- 119
- 410
- Cash & Bank
- 401
- 898
- Total Assets
- 2,045
- Total Debt
- 54
- Net Working Capital
- 1,560
- Contingent Liabilities
- 18
- Book Value per Share
- 188.10
- Face Value
- 1.00
- Total Debt
- 54
- Net Working Capital
- 1,560
- Contingent Liabilities
- 18
- Book Value per Share
- 188.10
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 9
- 1,876
- 2
- Trade Payables
- 49
- 216
- Total Liabilities
- 2,153
- 239
- Capital Work in Progress
- 13
- 6
- 188
- 224
- Cash & Bank
- 355
- 1,128
- Total Assets
- 2,153
- Total Debt
- 3
- Net Working Capital
- 1,379
- Contingent Liabilities
- 18
- Book Value per Share
- 208.80
- Face Value
- 1.00
- Total Debt
- 3
- Net Working Capital
- 1,379
- Contingent Liabilities
- 18
- Book Value per Share
- 208.80
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 43 | 2 | -49 | 62 | 6 | -44 | 116 | 13 | 31 | 245 | |
| Cash from Investing | -9 | -4 | 13 | -12 | -10 | -44 | -4 | -85 | -1,000 | -161 |
| Cash from Financing | -3 | -32 | 5 | -12 | 9 | 88 | -22 | -3 | 1,007 | -78 |
| 30 | -34 | -32 | 38 | 5 | 0 | 91 | -75 | 37 | 5 | |
| Free Cash Flow | 27 | -4 | -57 | 49 | 4 | -49 | 103 | -22 | -107 | 188 |
| OCF / Net Profit | 18.51 | 0.30 | -3.69 | 1.06 | 2.13 | -16.96 | 2.33 | 0.10 | 0.10 | 1.12 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 19 | -57 | 50 | 85 | -72 | 112 |
| OCF / Net Profit | 18.51 | 0.30 | -3.69 | 1.06 | 2.13 | -16.96 | 2.33 | 0.10 | 0.10 | 1.12 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 19 | -57 | 50 | 85 | -72 | 112 |
Mar 2016
- 43
- Cash from Investing
- -9
- Cash from Financing
- -3
- 30
- Free Cash Flow
- 27
- OCF / Net Profit
- 18.51
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 18.51
- Cumulative 5-Year FCF
- 0
Mar 2017
- 2
- Cash from Investing
- -4
- Cash from Financing
- -32
- -34
- Free Cash Flow
- -4
- OCF / Net Profit
- 0.30
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.30
- Cumulative 5-Year FCF
- 0
Mar 2019
- -49
- Cash from Investing
- 13
- Cash from Financing
- 5
- -32
- Free Cash Flow
- -57
- OCF / Net Profit
- -3.69
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.69
- Cumulative 5-Year FCF
- 0
Mar 2020
- 62
- Cash from Investing
- -12
- Cash from Financing
- -12
- 38
- Free Cash Flow
- 49
- OCF / Net Profit
- 1.06
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.06
- Cumulative 5-Year FCF
- 0
Mar 2021
- 6
- Cash from Investing
- -10
- Cash from Financing
- 9
- 5
- Free Cash Flow
- 4
- OCF / Net Profit
- 2.13
- Cumulative 5-Year FCF
- 19
- OCF / Net Profit
- 2.13
- Cumulative 5-Year FCF
- 19
Mar 2022
- -44
- Cash from Investing
- -44
- Cash from Financing
- 88
- 0
- Free Cash Flow
- -49
- OCF / Net Profit
- -16.96
- Cumulative 5-Year FCF
- -57
- OCF / Net Profit
- -16.96
- Cumulative 5-Year FCF
- -57
Mar 2023
- 116
- Cash from Investing
- -4
- Cash from Financing
- -22
- 91
- Free Cash Flow
- 103
- OCF / Net Profit
- 2.33
- Cumulative 5-Year FCF
- 50
- OCF / Net Profit
- 2.33
- Cumulative 5-Year FCF
- 50
Mar 2024
- 13
- Cash from Investing
- -85
- Cash from Financing
- -3
- -75
- Free Cash Flow
- -22
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- 85
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- 85
Mar 2025
- 31
- Cash from Investing
- -1,000
- Cash from Financing
- 1,007
- 37
- Free Cash Flow
- -107
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- -72
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- -72
Mar 2026
- 245
- Cash from Investing
- -161
- Cash from Financing
- -78
- 5
- Free Cash Flow
- 188
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 112
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 112
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.30 | 0.93 | 1.73 | 7.62 | 0.39 | 0.25 | 5.38 | 15.22 | 31.04 | 21.43 |
| Book Value (₹) | 14.56 | 15.49 | 16.93 | 24.20 | 25.71 | 35.28 | 39.39 | 53.04 | 188.10 | 208.80 |
| Dividend per Share (₹) | 0.10 | 0.15 | 0.30 | 0.40 | 0.10 | 0.10 | 0.20 | 1.00 | 2.00 | 1.00 |
| Cash EPS (₹) | 0.86 | 1.40 | 2.22 | 8.19 | 0.97 | 0.94 | 7.05 | 16.56 | 34.86 | 26.84 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 18.20% | 24.16% | 21.45% | 43.31% | 19.04% | 14.26% | 36.49% | 41.10% | 39.29% | 35.96% |
| Net Margin % | 4.39% | 11.57% | 14.44% | 39.28% | 5.08% | 3.74% | 22.83% | 29.44% | 30.74% | 31.69% |
| ROE % | 2.08% | 6.18% | 10.65% | 36.95% | 1.42% | 1.08% | 16.83% | 34.13% | 27.92% | 12.16% |
| ROCE % | 3.48% | 7.99% | 10.39% | 32.42% | 2.73% | 1.92% | 24.51% | 48.86% | 38.61% | 16.83% |
| 1.35% | 4.58% | 7.47% | 29.02% | 1.40% | 0.95% | 12.36% | 21.40% | 21.42% | 10.38% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 215 | 68 | 161 | 134 | 217 | 132 | 98 | 112 | 112 | 168 |
| Inventory Days | 86 | 52 | 85 | 60 | 96 | 104 | 62 | 90 | 54 | 82 |
| Payable Days | 65 | 77 | 79 | 62 | 160 | 99 | 33 | 60 | 28 | 82 |
| 237 | 43 | 168 | 132 | 153 | 136 | 126 | 142 | 137 | 167 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.36x | 0.09x | 0.32x | 0.01x | 0.01x | 0.05x | 0.02x | 0.00x | 0.03x | 0.00x |
| Interest Coverage (x) | 2.23x | 4.86x | 3.32x | 17.93x | 5.00x | 3.16x | 18.60x | 82.60x | 21.96x | 29.82x |
| 2.21x | 3.98x | 1.68x | 8.76x | 13.39x | 3.82x | 2.37x | 2.29x | 7.39x | 8.86x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -33.02% | 17.18% | 49.57% | 61.88% | -63.40% | 27.66% | 213.75% | 100.99% | 121.36% | -29.37% |
| Operating Profit Growth % | -63.37% | 55.94% | 32.08% | 226.85% | -83.91% | -4.40% | 702.86% | 145.06% | 125.29% | -24.55% |
| Net Profit Growth % | -85.27% | 209.39% | 85.69% | 340.30% | -95.27% | -5.91% | 1814.78% | 159.17% | 131.14% | -27.20% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 183.09% | 103.98% | -30.97% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 62.76x | 47.60x | 59.64x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 18.01x | 7.85x | 6.12x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.14% | 0.08% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 40.21x | 29.47x | 33.63x |
Mar 2016
- EPS (₹)
- 0.30
- Book Value (₹)
- 14.56
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.86
- Operating Margin %
- 18.20%
- Net Margin %
- 4.39%
- ROE %
- 2.08%
- ROCE %
- 3.48%
- 1.35%
- Debtor Days
- 215
- Inventory Days
- 86
- Payable Days
- 65
- 237
- Debt to Equity (x)
- 0.36x
- Interest Coverage (x)
- 2.23x
- 2.21x
- Revenue Growth %
- -33.02%
- Operating Profit Growth %
- -63.37%
- Net Profit Growth %
- -85.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 0.93
- Book Value (₹)
- 15.49
- Dividend per Share (₹)
- 0.15
- Cash EPS (₹)
- 1.40
- Operating Margin %
- 24.16%
- Net Margin %
- 11.57%
- ROE %
- 6.18%
- ROCE %
- 7.99%
- 4.58%
- Debtor Days
- 68
- Inventory Days
- 52
- Payable Days
- 77
- 43
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 4.86x
- 3.98x
- Revenue Growth %
- 17.18%
- Operating Profit Growth %
- 55.94%
- Net Profit Growth %
- 209.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 1.73
- Book Value (₹)
- 16.93
- Dividend per Share (₹)
- 0.30
- Cash EPS (₹)
- 2.22
- Operating Margin %
- 21.45%
- Net Margin %
- 14.44%
- ROE %
- 10.65%
- ROCE %
- 10.39%
- 7.47%
- Debtor Days
- 161
- Inventory Days
- 85
- Payable Days
- 79
- 168
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- 3.32x
- 1.68x
- Revenue Growth %
- 49.57%
- Operating Profit Growth %
- 32.08%
- Net Profit Growth %
- 85.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 7.62
- Book Value (₹)
- 24.20
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 8.19
- Operating Margin %
- 43.31%
- Net Margin %
- 39.28%
- ROE %
- 36.95%
- ROCE %
- 32.42%
- 29.02%
- Debtor Days
- 134
- Inventory Days
- 60
- Payable Days
- 62
- 132
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 17.93x
- 8.76x
- Revenue Growth %
- 61.88%
- Operating Profit Growth %
- 226.85%
- Net Profit Growth %
- 340.30%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 0.39
- Book Value (₹)
- 25.71
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.97
- Operating Margin %
- 19.04%
- Net Margin %
- 5.08%
- ROE %
- 1.42%
- ROCE %
- 2.73%
- 1.40%
- Debtor Days
- 217
- Inventory Days
- 96
- Payable Days
- 160
- 153
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 5.00x
- 13.39x
- Revenue Growth %
- -63.40%
- Operating Profit Growth %
- -83.91%
- Net Profit Growth %
- -95.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.25
- Book Value (₹)
- 35.28
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.94
- Operating Margin %
- 14.26%
- Net Margin %
- 3.74%
- ROE %
- 1.08%
- ROCE %
- 1.92%
- 0.95%
- Debtor Days
- 132
- Inventory Days
- 104
- Payable Days
- 99
- 136
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- 3.16x
- 3.82x
- Revenue Growth %
- 27.66%
- Operating Profit Growth %
- -4.40%
- Net Profit Growth %
- -5.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 5.38
- Book Value (₹)
- 39.39
- Dividend per Share (₹)
- 0.20
- Cash EPS (₹)
- 7.05
- Operating Margin %
- 36.49%
- Net Margin %
- 22.83%
- ROE %
- 16.83%
- ROCE %
- 24.51%
- 12.36%
- Debtor Days
- 98
- Inventory Days
- 62
- Payable Days
- 33
- 126
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 18.60x
- 2.37x
- Revenue Growth %
- 213.75%
- Operating Profit Growth %
- 702.86%
- Net Profit Growth %
- 1814.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 15.22
- Book Value (₹)
- 53.04
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 16.56
- Operating Margin %
- 41.10%
- Net Margin %
- 29.44%
- ROE %
- 34.13%
- ROCE %
- 48.86%
- 21.40%
- Debtor Days
- 112
- Inventory Days
- 90
- Payable Days
- 60
- 142
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 82.60x
- 2.29x
- Revenue Growth %
- 100.99%
- Operating Profit Growth %
- 145.06%
- Net Profit Growth %
- 159.17%
- 183.09%
- P/E (x)
- 62.76x
- P/B (x)
- 18.01x
- Dividend Yield %
- 0.10%
- 40.21x
Mar 2025
- EPS (₹)
- 31.04
- Book Value (₹)
- 188.10
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 34.86
- Operating Margin %
- 39.29%
- Net Margin %
- 30.74%
- ROE %
- 27.92%
- ROCE %
- 38.61%
- 21.42%
- Debtor Days
- 112
- Inventory Days
- 54
- Payable Days
- 28
- 137
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 21.96x
- 7.39x
- Revenue Growth %
- 121.36%
- Operating Profit Growth %
- 125.29%
- Net Profit Growth %
- 131.14%
- 103.98%
- P/E (x)
- 47.60x
- P/B (x)
- 7.85x
- Dividend Yield %
- 0.14%
- 29.47x
Mar 2026
- EPS (₹)
- 21.43
- Book Value (₹)
- 208.80
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 26.84
- Operating Margin %
- 35.96%
- Net Margin %
- 31.69%
- ROE %
- 12.16%
- ROCE %
- 16.83%
- 10.38%
- Debtor Days
- 168
- Inventory Days
- 82
- Payable Days
- 82
- 167
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 29.82x
- 8.86x
- Revenue Growth %
- -29.37%
- Operating Profit Growth %
- -24.55%
- Net Profit Growth %
- -27.20%
- -30.97%
- P/E (x)
- 59.64x
- P/B (x)
- 6.12x
- Dividend Yield %
- 0.08%
- 33.63x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-14 - Zen Technologies Limited has informed the Exchange about Schedule of meet
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-14 - Zen Technologies Limited has informed the Exchange about Schedule of meet
Annual Reports
Credit Ratings
- Credit Rating
2026-08-03 - Zen Technologies Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-08-06 - Zen Technologies Limited has informed the Exchange about Credit Rating
Concalls
Jul 2026
May 2026
Feb 2026