Defence stock jumps 4% after receiving order worth ₹120 Cr from Ministry of Defence

Synopsis:
The shares of the company have seen upward momentum today, after it received this order from the Ministry of Defence, GOI.

The shares of this defence company that designs, develops and manufactures combat training solutions and Counter-drone solutions for defence and security forces are in focus after order receipt of Rs. 120 crore.

With the market capitalization of Rs. 12,611.76 crore, Zen Technologies Ltd’s shares on Friday made a day high of Rs. 1427.95 per share, up by 3.84 percent from its previous day’s close price of Rs. 1375.10 per share. The share has given a return of 1,677 percent over a period of five years.

Significant Order

The company has received an order worth Rs. 120 crore from the Ministry of Defence, Government of India for the supply of Comprehensive Training Node (CTN) consisting of a suite of various training simulators and equipment, to be executed within a year from the date of order receipt.

This order will add to its consolidated order book of Rs. 675.04 crore as of Q2 FY26, which include new orders in the quarter of Rs. 94.05 crore and executed orders  of Rs.173.57 crore in the quarter.

About the company 

Zen Technologies Limited was incorporated in 1996. The company designs, develops and manufactures combat training solutions and counter-drone solutions for defence and security forces. It is actively involved in the indigenization of technologies, which are beneficial to the Indian armed forces, state police forces, and paramilitary forces.

Zen Technologies has recently completed four strategic acquisitions. These transactions mark a decisive move to diversify their capabilities, deepen their technological edge, and expand the company’s market reach across land, air, and sea defence domains. 

Two acquisitions, Vector & TISA, are additions to its drone portfolio, the acquisition of Bhairav Robotics is an addition to defence robotics; and Applied Research International is an addition to its expansion in the naval and maritime sector.

Financial highlights: The revenue from operations declined by 28 percent to Rs. 174 crore in Q2 FY26 from Rs. 242 crore in Q2 FY25. EBDIT declined by 19 percent to Rs. 64.6 crore in Q2 FY26 from Rs.80 crore in Q2 FY25. Accompanied by decline in net profit by 6 percent YoY to Rs. 61.9 crore in Q2 FY26 and EPS declined by 5 percent to Rs.6.58 per share YoY in Q2 FY26.

Written by Gourav Pratap Singh

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