Zen Technologies Secures Third Order in a Month Following 350% Surge in 2023

Zen Technologies Secures Third Order in a Month Following 350% Surge in 2023
Zen Technologies Secures Third Order in a Month Following 350% Surge in 2023

by Tanushree Jaiswal Last Updated: Sep 05, 2023 - 05:46 pm 236 Views

Zen Technologies, a leading provider of military training and counter-drone solutions, has experienced remarkable success in 2023. The company recently secured its third significant order within a month. In the June-September quarter, Zen Technologies received orders worth ₹733 crore, surpassing its previous order book of ₹542 crore from the end of the June quarter.

Order Breakdown

Zen Technologies' current order book, excluding taxes, now stands at an impressive ₹1,275 crore. These orders encompass a variety of products and services, with training simulators accounting for nearly half of the total orders. The remainder includes counter-drone systems and services, including Annual Maintenance Contracts (AMC).

•    Training Simulators: ₹590.96 crore
•    Counter Drone Systems: ₹456.11 crore
•    Services (Including AMC): ₹228.25 crore

Recent Orders

This surge in orders is part of Zen Technologies' recent winning streak. On August 31, the company secured an order worth ₹72.29 crore from the Ministry of Defence, followed by another order worth ₹65 crore on August 12. This impressive performance underscores the company's strong position in the market. Chairman & MD Ashok Atluri has indicated that Zen Technologies anticipates nearly 20% of its order book in the financial year 2024 to come from exports, highlighting the company's global ambitions.

Stock Performance and Financial Highlights

Zen Technologies' stock has been on an exceptional upward trajectory, achieving remarkable gains in recent years. In 2023 alone, the stock has surged by an astounding 349%, starting the year at ₹189.95 apiece and reaching ₹828 apiece. This extraordinary performance in 2023 marks the stock's most impressive yearly gain since its listing in 2016.

Over the past three years, Zen Technologies' stock has exhibited a remarkable increase of 1032%. This outstanding growth has outpaced the Nifty Small-cap 100 index, which recorded a comparatively modest gain of 125% during the same period.
Looking back over the last five years, the stock's return has been truly remarkable, delivering an outstanding 923% gain. These figures underscore the exceptional performance and market confidence in Zen Technologies, positioning it as a standout player in the defense and security technology sector. 

The company reported a staggering 532% surge in its consolidated net profit for the quarter ending in June 2023, reaching ₹47.08 crore. Additionally, revenue from operations spiked by 257% to ₹132.45 crore during the same period.

Zen Technologies' Expertise

Zen Technologies is known for its expertise in the production of advanced land-based military training simulators, driving simulators, live range equipment, and counter-drone systems. Its Hyderabad-based Research and Development (R&D) facility has received recognition from the Ministry of Science and Technology of the Indian Government.

The company attributes its strong order growth to several factors, including Make in India, 'Atmanirbharata' (self-reliance), Buy Indian IDDM (Indigenously Designed, Developed, and Manufactured), Simulation Framework, and the Government of India's Sustainability Commitment.

Zen Technologies is actively engaged in the indigenous design, development, and manufacture of defence training systems, drones, and anti-drone solutions based on sensor and simulator technology. Its clients include the Ministry of Defence (Armed Forces), Security Forces Police, and paramilitary forces.


With the geopolitical landscape evolving and India's improved international relations, Zen Technologies is poised to make significant inroads into export markets, particularly in the areas of simulators and anti-drone systems. The company's impressive financial performance and robust order book suggest a promising future in the defense and security technology sector.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
E Factor Experiences IPO Closing subscription details

About the E Factor Experiences Ltd IPO The IPO of E Factor Experiences Ltd opened for subscription on 27th September 2023 and closed for subscription on 03rd October 2023; both days inclusive. The company has a face value of ₹10 per share.

  • Oct 04, 2023
Goyal Salt IPO: Closing subscription details

About the Goyal Salt Ltd IPO The issue opened for subscription on 26th September 2023 and closed for subscription on 03rd October 2023; both days inclusive. The company has a face value of ₹10 per share and it is a book built issue.

  • Oct 04, 2023
BSE to Discontinue Stop Loss Market Orders for All Segments from October 9

Bombay Stock Exchange (BSE) has announced the discontinuation of Stop Loss Market (SL-M) orders, effective from October 9. This decision follows a recent incident involving a "freak trade" triggered by an SL-M order, which led to concerns within the trading community. The aim is to prevent erroneous order placements, whether they result from manual or algorithmic trading.

  • Oct 03, 2023