Zen Technologies Ltd.

BSE: ZENTEC533339ISIN INE251B01027

Industrials
Aerospace & Defense
BSE 500

BSE listing

Share price

₹1,686.55+4.45 (+0.26%)

as of 18 Sep 2026

52W high: ₹2,041.90
52W low: ₹1,224.00
Off 52W high: -17.40%
1M return: -12.72%
3M return: -15.50%
6M return: +19.25%
1Y return: +4.05%
20D avg volume: 30,456
50 DMA: ₹1,781.15
200 DMA: ₹1,570.36

Key ratios Consolidated

Market cap: ₹15,228 Cr
Current price: ₹1,686.55
52W high / low: ₹2,041.90 / ₹1,224.00
Face value: ₹1.00
P/E: 77.42
P/B: —
EPS (TTM): ₹21.79
Book value / share: —
ROE: —
ROCE: 15.60%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-75.56 Cr
Interest cover: 30.11
Dividend yield: 0.06%
Dividend / share (TTM): ₹1.00
Payout: 4.59%
Cash conversion cycle: 192.6 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	141.64	178.08	177.82	173.57	158.22	324.97	152.21	241.84	254.62	141.39	99.52	66.50
	19.16	22.70	15.62	25.31	21.79	24.77	22.04	8.47	3.11	2.66	4.24	5.34
	111.86	134.95	120.26	116.58	103.32	195.70	114.78	167.95	147.48	94.69	60.19	50.27
	84.27	50.81	52.43	52.93	29.13	61.29	56.90	116.83	110.17	89.63	45.58	30.59
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	34.47	38.54	34.80	21.84	31.77	29.33	19.14	20.66	19.62	18.80	14.63	12.00
	1.09	2.02	2.75	2.04	3.46	3.95	2.96	2.26	1.20	0.80	0.53	0.53
	7.86	5.84	6.49	5.71	6.34	4.75	3.81	3.84	3.01	2.92	2.64	2.21
	42.56	48.58	37.28	38.46	23.71	71.25	22.25	20.75	17.36	21.76	15.34	14.82
	48.93	65.83	73.18	82.30	76.69	154.04	59.47	82.37	110.25	49.35	43.56	21.57
	-3.37	0.00	0.00	0.94	0.00	0.00	0.00	0.00	0.00	2.41	0.00	0.00
	45.56	65.83	73.18	83.25	76.69	154.04	59.47	82.37	110.25	51.76	43.56	21.57
	13.41	17.17	17.18	21.23	23.14	40.24	16.80	18.93	30.76	14.17	13.72	7.94
	31.85	47.24	55.71	61.91	53.08	113.75	42.67	63.44	79.49	37.59	29.85	13.63
	3.83	3.51	6.09	6.61	5.31	11.24	4.42	7.26	9.19	4.19	3.67	1.83
Key metrics
	54.51	73.69	82.42	91.00	86.49	162.74	66.24	88.47	114.46	55.48	46.73	24.31
	38.50%	41.40%	46.40%	52.40%	54.70%	50.10%	43.50%	36.60%	45.00%	39.20%	47.00%	36.60%
	22.50%	26.50%	31.30%	35.70%	33.50%	35.00%	28.00%	26.20%	31.20%	26.60%	30.00%	20.50%
	—	3.40%	—	4.60%	—	8.80%	—	—	—	—	—	—
	-10.50%	-45.20%	16.80%	-28.20%	-37.90%	129.80%	52.90%	263.70%	—	—	—	—
	-40.00%	-58.50%	30.60%	-2.40%	-33.20%	202.60%	42.90%	365.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Income statement
	671.11	687.69	973.64	439.85	218.85	69.75	54.64	149.29	92.22
	82.79	85.42	58.39	14.92	7.25	5.38	3.02	1.93	3.11
	483.65	475.11	625.91	271.03	156.37	71.55	53.30	94.48	84.16
	240.44	185.31	345.19	171.75	78.53	24.59	10.22	26.37	37.26
	0.00	0.00	0.00	—	—	—	—	—	—
	129.65	126.94	88.76	59.07	35.92	21.01	16.54	19.64	16.61
	7.90	10.27	10.38	2.28	4.08	1.53	1.09	3.35	4.81
	25.90	24.39	15.41	9.68	6.06	4.83	4.95	4.57	3.80
	166.88	148.03	142.37	71.31	44.08	26.99	18.68	23.70	28.27
	270.24	298.01	406.12	183.75	69.73	3.58	4.36	56.73	11.17
	-2.43	0.94	0.00	2.41	2.00	-0.28	0.00	0.00	0.00
	267.82	298.95	406.12	186.15	71.73	3.30	4.36	56.73	11.17
	68.99	78.72	106.74	56.65	21.76	0.69	1.59	1.91	2.14
	196.71	217.93	299.33	129.50	49.97	2.61	2.77	58.63	13.32
	20.04	21.52	32.07	15.45	5.39	0.25	0.39	7.62	1.73
Key metrics
	301.62	333.61	431.91	198.11	81.87	9.66	10.40	64.65	19.78
	44.94%	48.50%	44.40%	45.00%	37.40%	13.80%	19.00%	43.30%	21.40%
	29.31%	31.70%	30.70%	29.40%	22.80%	3.70%	5.10%	39.30%	14.40%
	—	15.60%	23.10%	—	—	—	—	—	—
	—	-29.40%	121.40%	101.00%	213.80%	27.70%	-63.40%	61.90%	—
	—	-27.20%	131.10%	159.20%	1,814.60%	-5.80%	-95.30%	340.20%	—
	—	185.79	-178.57	—	—	—	—	—	—
	—	1.12	-0.49	—	—	—	—	—	—
	—	0.00	0.03	—	—	—	—	—	—
	—	-75.56	-20.00	—	—	—	—	—	—
	—	192.6	189.1	—	—	—	—	—	—
Balance sheet
	—	2,160	2,049	—	—	—	—	—	—
	—	1,554	1,604	—	—	—	—	—	—
	—	78.94	74.15	—	—	—	—	—	—
	—	224.01	410.43	—	—	—	—	—	—
	—	188.19	119.27	—	—	—	—	—	—
	—	82.72	51.21	—	—	—	—	—	—
	—	136.94	106.43	—	—	—	—	—	—
	—	49.33	25.47	—	—	—	—	—	—
	—	175.47	243.97	—	—	—	—	—	—
	—	3.38	54.15	—	—	—	—	—	—
	—	1.97	13.95	—	—	—	—	—	—
	—	1.41	40.20	—	—	—	—	—	—
	—	1,949	1,736	—	—	—	—	—	—
Cash flow
	—	244.60	-146.27	—	—	—	—	—	—
	—	-161.50	-823.11	—	—	—	—	—	—
	—	-78.32	1,007	—	—	—	—	—	—
	—	58.81	32.30	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	102.96	71.90	116.16	124.65	111.06	293.50	141.52	241.69	253.96	135.71	98.08	64.03
	17.52	19.95	14.34	22.99	19.89	24.36	21.96	8.43	3.05	2.33	4.18	4.79
	79.97	72.65	68.14	86.61	77.47	205.67	110.12	166.66	154.02	93.42	56.20	44.49
	68.44	35.10	34.90	62.40	52.53	97.65	52.36	118.95	121.35	100.83	37.82	26.14
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	15.78	18.66	13.44	10.78	13.33	17.06	12.12	14.10	13.74	12.76	11.06	8.67
	0.53	0.62	1.00	0.43	1.38	3.61	2.73	2.07	1.02	0.63	0.41	0.45
	4.70	3.72	3.58	3.32	3.07	2.94	2.60	2.32	2.24	2.15	1.94	1.77
	23.62	28.08	18.66	16.07	9.83	61.87	16.10	16.87	14.11	16.72	13.50	13.53
	40.51	19.20	62.35	61.04	53.48	112.19	53.36	83.46	102.98	44.62	46.06	24.34
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	2.41	—	—
	40.51	19.20	62.35	61.04	53.48	112.19	53.36	83.46	102.98	47.03	46.06	24.34
	11.30	4.45	14.53	14.88	16.36	27.27	14.75	18.22	28.80	13.99	14.39	7.00
	29.21	14.75	47.82	46.16	37.12	84.92	38.62	65.24	74.18	33.03	31.67	17.34
	3.25	1.64	5.32	5.13	4.13	9.45	4.30	7.56	8.88	3.96	3.80	2.08
Key metrics
	45.74	23.54	66.93	64.79	57.93	118.74	58.69	87.85	106.24	49.81	48.41	26.56
	44.40%	32.70%	57.60%	52.00%	52.20%	40.50%	41.50%	36.30%	41.80%	36.70%	49.40%	41.50%
	28.40%	20.50%	41.20%	37.00%	33.40%	28.90%	27.30%	27.00%	29.20%	24.30%	32.30%	27.10%
	—	1.10%	—	3.50%	—	6.70%	—	—	—	—	—	—
	-7.30%	-75.50%	-17.90%	-48.40%	-56.30%	116.30%	44.30%	277.50%	—	—	—	—
	-21.30%	-82.60%	23.80%	-29.20%	-50.00%	157.10%	21.90%	276.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	415.67	423.77	930.67	430.27	161.44	53.70	49.57	146.98	92.22	38.96
	74.80	77.17	57.78	13.93	7.05	5.28	2.92	1.91	3.11	4.40
	307.37	304.87	636.46	262.20	116.56	56.84	46.80	90.32	78.23	46.05
	200.84	184.94	390.31	180.97	63.63	14.47	7.54	25.09	37.26	4.83
	0.00	0.00	0.00	—	—	—	—	—	—	—
	58.66	56.21	57.02	43.24	22.79	14.82	13.57	16.68	15.66	15.49
	2.58	3.43	9.42	1.84	2.03	1.40	1.00	3.18	4.79	2.41
	15.32	13.69	10.09	7.32	4.38	3.73	3.99	3.75	3.77	2.82
	86.43	72.64	119.71	61.89	38.93	24.56	17.05	21.96	23.35	18.68
	183.10	196.07	351.99	182.00	51.93	2.14	5.68	58.56	17.10	-2.69
	0.00	0.00	0.00	2.41	2.00	-0.28	—	—	—	—
	183.10	196.07	351.99	184.41	53.93	1.86	5.68	58.56	17.10	-2.69
	45.16	50.22	89.04	55.17	16.29	0.16	1.58	1.94	2.14	2.30
	137.94	145.85	262.95	129.23	37.64	2.02	4.10	60.51	19.24	-0.39
	15.34	16.22	30.09	15.61	4.75	0.25	0.52	7.84	2.49	—
Key metrics
	201.00	213.19	371.50	193.57	60.34	6.99	10.67	65.49	25.66	2.54
	48.36%	50.30%	39.90%	45.00%	37.40%	13.00%	21.50%	44.60%	27.80%	6.50%
	33.18%	34.40%	28.30%	30.00%	23.30%	3.80%	8.30%	41.20%	20.90%	-1.00%
	—	10.90%	20.80%	—	—	—	—	—	—	—
	—	-54.50%	116.30%	166.50%	200.60%	8.30%	-66.30%	59.40%	136.70%	—
	—	-44.50%	103.50%	243.30%	1,763.40%	-50.70%	-93.20%	214.50%	5,033.30%	—
	—	183.01	-176.09	—	—	—	—	—	—	—
	—	1.57	-0.56	—	—	—	—	—	—	—
	—	0.00	0.03	—	—	—	—	—	—	—
	—	-28.97	17.96	—	—	—	—	—	—	—
	—	167.0	163.8	—	—	—	—	—	—	—
Balance sheet
	—	1,934	1,875	—	—	—	—	—	—	—
	—	1,208	1,343	—	—	—	—	—	—	—
	—	28.97	34.24	—	—	—	—	—	—	—
	—	131.73	378.40	—	—	—	—	—	—	—
	—	83.94	51.02	—	—	—	—	—	—	—
	—	104.77	47.51	—	—	—	—	—	—	—
	—	119.82	102.27	—	—	—	—	—	—	—
	—	21.86	11.80	—	—	—	—	—	—	—
	—	104.09	141.01	—	—	—	—	—	—	—
	—	0.00	52.20	—	—	—	—	—	—	—
	—	0.00	12.00	—	—	—	—	—	—	—
	—	0.00	40.20	—	—	—	—	—	—	—
	—	1,822	1,689	—	—	—	—	—	—	—
Cash flow
	—	228.51	-146.28	—	—	—	—	—	—	—
	—	-163.51	-862.41	—	—	—	—	—	—	—
	—	-70.27	1,017	—	—	—	—	—	—	—
	—	45.50	29.81	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +37.95%
Sales CAGR 5Y: +53.60%
Sales CAGR 10Y: —
Profit CAGR 3Y: +57.07%
Profit CAGR 5Y: +104.28%
Profit CAGR 10Y: —
Sales YoY (TTM): -47.23%
Profit YoY (TTM): -38.94%

Consolidated

Sales CAGR 3Y: +46.47%
Sales CAGR 5Y: +65.95%
Sales CAGR 10Y: —
Profit CAGR 3Y: +63.38%
Profit CAGR 5Y: +139.42%
Profit CAGR 10Y: —
Sales YoY (TTM): -23.50%
Profit YoY (TTM): -27.93%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 48.53%

Holder	Type	Holding	Previous	Change
ASHOK ATLURI	Promoter	21.65%	—	—
KISHORE DUTT ATLURI	Promoter	16.33%	—	—
MOTILAL OSWAL NIFTY 500 ETF	Public	6.53%	—	—
RAMA DEVI ATLURI	Promoter Group	2.96%	—	—
TARA DUTT ATLURI	Promoter Group	2.09%	—	—
SATISH ATLURI	Promoter Group	1.31%	—	—
ARJUN DUTT ATLURI	Promoter Group	1.11%	—	—
ANISHA ATLURI	Promoter Group	1.11%	—	—
ABHILASHA ATLURI	Promoter Group	1.11%	—	—
LOGICAL SOLUTIONS LIMITED	Public	1.05%	—	—
BEENA ATLURI	Promoter Group	0.50%	—	—
NAGARJUNUDU KILARU	Promoter Group	0.17%	—	—
INDIRA GARAPATI	Promoter Group	0.13%	—	—
NANDITA SETHI	Promoter Group	0.06%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Transfer of equity shares pursuant to the exercise of options granted under the Zen Technologies Limited Employee Stock Option Plan 202116 Sep 2026 · Company Update / Allotment of ESOP / ESPS
E-voting Results along with Scrutinizer''''s Report1 Sep 2026 · AGM/EGM / AGM
Proceedings of 33rd Annual General Meeting29 Aug 2026 · AGM/EGM / AGM
Intimation of Schedule of Analyst / Institutional Investor Meeting27 Aug 2026 · Company Update / Analyst / Investor Meet
Transfer of equity shares pursuant to the exercise of options granted under the Zen Technologies Limited Employee Stock Option Plan 202125 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Intimation of Schedule of Analyst / Institutional Investor Meeting14 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investor Meeting14 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investor Meeting14 Aug 2026 · Company Update / Analyst / Investor Meet
Transfer of equity shares pursuant to the exercise of options granted under the Zen Technologies Limited Employee Stock Option Plan 202111 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Intimation of receipt of order from Ministry of Defence, Government of India10 Aug 2026 · Company Update / Award of Order / Receipt of Order
Completion of Tenure of Independent Director8 Aug 2026 · Company Update / Change in Directorate
In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Company has sent a physical letter containing the web-link and QR ....7 Aug 2026 · Company Update / General
Newspaper Publication7 Aug 2026 · Company Update / Newspaper Publication
BRSR6 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
33rd Annual Report6 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 33rd Annual General Meeting - Scheduled to be held on August 29, 20266 Aug 2026 · AGM/EGM / AGM
Intimation of Schedule of Analyst / Institutional Investor Meeting5 Aug 2026 · Company Update / Analyst / Investor Meet
Change in Management4 Aug 2026 · Company Update / Change in Management
Credit Rating3 Aug 2026 · Company Update / Credit Rating
Monitoring Agency Report3 Aug 2026 · Company Update / Monitoring Agency Report
Transcript31 Jul 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication28 Jul 2026 · Company Update / Newspaper Publication
Recording of the earnings conference call held today to discuss the financial results of the Company for the quarter ended June 30, 2026 is available on the website of the Company27 Jul 2026 · Company Update / Analyst / Investor Meet
Investor Presentation26 Jul 2026 · Company Update / Investor Presentation
Press Release26 Jul 2026 · Company Update / Press Release / Media Release
Newspaper Publication26 Jul 2026 · Company Update / Newspaper Publication
Press Release26 Jul 2026 · Company Update / Press Release / Media Release
Grant of Stock Options25 Jul 2026 · Company Update / General
Statement of Deviation & Variation for the quarter ended June 30, 202625 Jul 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Change in Management25 Jul 2026 · Company Update / Change in Management
Standalone And Consolidated Unaudited Financial Results For The Quarter Ended June 30, 202625 Jul 2026 · Result / Financial Results
Outcome of Board Meeting25 Jul 2026 · Board Meeting / Outcome of Board Meeting
Please find enclosed the invitation to the earnings conference call scheduled on Monday, July 27, 2026 at 04:30 p.m. (IST) to discuss the Q1 FY27 performance of the Company.22 Jul 2026 · Company Update / Analyst / Investor Meet
Intimation of receipt of order from Ministry of Defence, Government of India21 Jul 2026 · Company Update / Award of Order / Receipt of Order
ZEN Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/07/2026 ,inter alia, to consider and approve the Standalone and Consolidated ....17 Jul 2026 · Board Meeting / Board Meeting
Press Release6 Jul 2026 · Company Update / Press Release / Media Release
Intimation to shareholders holding shares in physical form for furnishing KYC details2 Jul 2026 · Company Update / General
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 20182 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Transfer of equity shares pursuant to the exercise of options granted under the Zen Technologies Limited Employee Stock Option Plan 202129 Jun 2026 · Company Update / Allotment of ESOP / ESPS
Newspaper Publication27 Jun 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.0000	21 Aug 2026	21 Aug 2026	—
Final Dividend - Rs. - 2.0000	14 Aug 2025	15 Aug 2025	—
Final Dividend - Rs. - 1.0000	6 Sep 2024	6 Sep 2024	—

Board meetings

25 Jul 2026 Board Meeting - Financial Results