[ad_1]
This positive outlook is driven by growing demand for advanced defence systems in India and abroad.
“The government is going full-fledged in procuring Indian defence systems, and we expect a large number of tenders in FY26,” said Ashok Atluri, Chairman and Managing Director of Zen Technologies. The company is also working with industry stakeholders to ensure faster payments from government contracts, further improving cash flows
Despite a promising order pipeline, Zen Technologies has chosen to hold off on giving specific revenue guidance for 2025-26.
Zen Technologies recently secured a ₹152 crore order from the Ministry of Defence for integrated air defence combat simulators. The project, which focuses on the L70 gun training system, is expected to be executed within FY26, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins remaining steady at around 35%.
Atluri added, “This product has a lot of demand, both within India and outside India also. We expect some more orders to come for this product and related air defence products.”
With the latest defence order win, Zen’s total order book has grown to approximately ₹950 crore.
Zen Technologies is actively investing in drone, anti-drone, and robotics solutions, recognising them as the future of modern warfare. The company has already acquired drone-related businesses and is strengthening its technological capabilities.
With countries like Germany and other European nations increasing their defence spending, Zen Technologies sees growing export opportunities. The company’s subsidiary plans to supply drone components to Germany and is in discussions with potential European partners to explore further opportunities.
Zen Technologies’ current market capitalisation is ₹13,237.92 crore. The stock is currently trading at ₹1,523.85 as of 9:30 am on the NSE and has gained 59% over the last year.
(Edited by : Unnikrishnan)
[ad_2]
Source link