Welcome to our guide on Zen Technologies Share Price Target! If you’re an investor looking to navigate the dynamic world of stocks, you’ve come to the right place. In this article, we’ll delve into the ins and outs of Zen Technologies share price target, offering valuable insights and actionable information to help you make informed decisions.
Table of Contents
Zen Technologies Share Price Target
Shares of Zen Technology, the country’s leading defense company providing anti-drone solutions, are trading at the level of Rs 825 on the basis of February 7. It is a multibagger defence stock that has given returns of up to 9-10 times in just 3 years. The stock is currently trading at a price-to-earnings multiple (P / E) of 61. The brokerage has chosen it as the Rising Star of 2024 stock and advises long-term investors to buy (Stocks to BUY).
Zen Technologies Q3 Results
On January 27, the company had announced the results for the December quarter. On standalone basis, sales rose 198% YoY to Rs 98 crore, EBITDA grew 371% YoY to Rs 48.41 crore and net profit jumped 317% YoY to Rs 31.67 crore. EBITDA margin stood at 47.34 per cent as against 29.48 per cent a year ago. The total order book stands at Rs 1435 crore as on December 31, 2023. In Q3, the company has received a fresh order of Rs 129 crore. An order of Rs 98 crore has been executed.
Zen Technologies Order Book Updates
The company’s order book is diversified. Out of the total order of Rs 1434 crore, domestic order is Rs 998 crore and export order is Rs 437 crore. The total order includes Rs 634 crore for entry drone systems and Rs 800 crore for training simulators.
Guidance to Double Revenue in FY25
Ashok Atluri, Chairman and Managing Director of the company, said that in the 9 months of FY24, the company has achieved the best performance ever. FY24 is expected to be the best year so far on the back of new orders and financial performance. The company has registered 15 patents in this fiscal. I am hopeful that the revenue target of Rs 450 crore will be met. There is a huge potential in the export market. 900 crore is expected to be completed in FY25. We are also raising a fund of Rs 1000 crore for expansion.
This stock is attractive in terms of valuation
The average revenue growth between FY25-FY28 is expected to be 50% CAGR, the brokerage said in its report. The target for FY25 is Rs 900 crore. The board has given approval to raise Rs 1000 crore through QIP. In terms of valuation, the stock is trading at a multiple (P / E) of 51.6 x / 28.3 x / 22.1 x over FY24E / FY25E / FY26E earnings.
Conclusion
In conclusion, navigating Zen Technologies share price target requires a comprehensive understanding of various factors, including company performance, market trends, and investor sentiment. By staying informed and conducting thorough research, investors can make informed decisions to maximize their returns in the dynamic world of stocks.
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FAQs
1. What factors influence Zen Technologies share price target?
Several factors influence Zen Technologies share price target, including company performance, market trends, analyst predictions, and investor sentiment.
2. How can investors assess Zen Technologies’ future growth prospects?
Investors can assess Zen Technologies’ future growth prospects by evaluating factors such as technological advancements, expansion plans, and market demand for its products and services.
3. What are the risks associated with investing in Zen Technologies?
Investing in Zen Technologies carries risks such as competition, regulatory changes, and geopolitical tensions, which can impact the company’s performance and share price.
4. Should investors focus on short-term or long-term goals when investing in Zen Technologies?
Investors should align their investment goals with their time horizon. While short-term traders may focus on market fluctuations, long-term investors should prioritize fundamental analysis and company fundamentals.
5. What are some tips for maximizing returns when investing in Zen Technologies?
Diversification, risk management, and staying informed about market developments are essential strategies for investors aiming to maximize their returns in Zen Technologies and other stocks.