Amazing stock, jumped more than 10% as soon as the market opened – multibagger stock is on a tear today: jumps over 10% in morning trade
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If we talk about Zen Technologies Limited company profile then it was established in the year 1996. Zen Technologies Limited conceptualises, designs and manufactures state-of-the-art combat training solutions for the Defense and Security Forces. The company’s unwavering commitment is to create technology for the Indian Armed Forces, State Police and Paramilitary Forces while promoting indigenous technologies. The company’s head office is in Hyderabad, but despite this, Zen Technologies has a global presence with strategic offices in both India and the United States.
Zen Technologies Limited has no debt burden, which reflects its financial health. The company is committed to its shareholders. The company has consistently demonstrated its commitment to shareholders through an impressive dividend payout ratio of 23.1%. In terms of performance, over the past decade, Zen Technologies has achieved an average sales growth rate of 24.8%. This growth helps it to expand its presence in the market and conveys its strong financial position.
Zen Technologies Limited has maintained a Return on Capital Employed (ROCE) at 23.9%, indicating efficient use of capital to generate profits. Furthermore, the company has a Return on Equity (ROE) of 13.9%. Zen Technologies Limited performed well in the Financial Year 2023. The total revenue of the company increased to Rs 219 crore, a growth of 212% over the previous financial year. At the same time, the operating profit reached Rs 73 crore, which is 1360% more than the previous year. The company’s net profit increased to Rs 50 crore with a growth of 1566.66%. Zen Technologies Limited stock has gained momentum in last 1 year as it has given multibagger returns of over 176%. Moreover, the stock has gained more than 832% in the last 3 years.
Keep a close watch on this trending stock.
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