āagman

Not investment advice. Data and computed figures, for information only.

Zen Technologies Ltd

NSE: ZENTEC
₹1,695.00
+₹45.70 (+2.77%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹13,804 Cr
CMP
₹1,695.00
52-wk High / Low
₹2,044 / 1,223
P/E
76.0
P/B
7.3
Book Value
₹209.0
Div Yield
0.07%
ROCE
16.0%
ROE
10.7%
Face Value
₹1
D/E
0.01

Price+19.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹317
√(22.5 × EPS × book value per share)
ROIC
8.5%
vs 12.3% sector median
Cash flow to profit
1.12
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−1,375
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
10.1%
ROE × earnings retention ratio
ROE stability
9.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.48DII +0.36
Latest quarter vs the previous one
Cash-accrual divergence
−1.3%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 53.7% since FY2016 (41 to 19)
+Price trades above its 200-day moving average (1.1x)
+FII holding rose by 5.2pp over the last year
Watch-outs
−Latest ROCE of 16% trails the sector median of 19%
−Promoter holding fell by 11.6pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales13266100141255242152325158174178178142
Expenses6448579114316210818794109111129103
Operating Profit6919425011180441386465675038
OPM %52.3%28.8%42.0%35.5%43.5%33.1%28.9%42.5%40.5%37.4%37.6%28.1%26.8%
Other Income35453822252226162316
Interest0111123432321
Depreciation2233344566668
Profit before tax6922445211082591547683736445
Net Profit481430387963431145362564732
EPS (₹)5.601.823.644.169.146.944.4011.195.296.586.073.493.82

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales46795362921495570219440974688671
Expenses4658485076874765146259591443452
Operating Profit12141117637573181382245219
OPM %2.2%26.6%7.5%17.7%18.5%42.3%12.7%7.1%33.3%41.1%39.2%35.6%32.6%
Other Income43543235917588680
Interest222253124219108
Depreciation22444555610152426
Profit before tax0203911574372186406297266
Net Profit0162713593350130299218197
EPS (₹)0.012.040.300.931.737.620.390.255.3815.2231.0421.4319.96

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital888888888899—
Reserves911031051121271831962753084401,6921,880—
Borrowings18404111423215767819—
Other Liabilities1227141542201771151296271248—
Total Liabilities1281771671462182142233694747502,0492,155—
Fixed Assets49474445637370677593208239—
CWIP1015170003211715—
Investments000082222046—
Other Assets78130108841471391522973946461,8301,895—
Total Assets1281771671462182142233694747502,0492,155—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity10−2000−49626−441161331245
Cash from Investing Activity−8−40013−12−10−44−4−85−1,000−162
Cash from Financing Activity−720005−12988−22−31,007−78
Net Cash Flow−5−400−32385091−75375

Ratios

As of 31 Mar 2026
12 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %2.016.03.08.0—32.03.02.023.046.037.016.0
ROE %———————————10.7
EPS (₹)0.012.040.300.931.737.620.390.255.3815.2231.0421.43
Book Value (₹)———————————209.0
Face Value (₹)———————————1
P/E———————————76.0
Div Yield %———————————0.07
NPM %0.019.53.410.613.739.15.24.021.928.429.028.2
OPM %1.327.08.018.018.042.014.07.033.041.039.036.0
D/E0.180.360.360.090.310.020.010.050.020.010.050.01
P/B———————————7.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+29.0%
5 years+66.0%
3 years+46.0%
TTM−24.0%
Compounded profit growth
10 years+56.0%
5 years+128.0%
3 years+67.0%
TTM−28.0%
Stock price CAGR
10 years+35.0%
5 years+49.0%
3 years+28.0%
Last year+8.0%
Return on equity
5 years17.0%
3 years18.0%
Last year11.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters59.44%59.44%59.44%59.49%59.56%60.19%60.19%60.14%55.07%49.05%48.51%48.51%
FIIs0.11%0.11%0.12%0.01%0.00%0.01%0.29%1.29%3.84%5.95%5.99%6.47%
DIIs0.08%0.08%0.18%0.08%0.24%0.00%0.00%0.15%3.31%9.47%10.06%10.42%
Government————————————
Public40.36%40.36%40.25%40.42%40.20%39.80%39.52%37.82%37.15%35.10%35.04%34.22%
No. of shareholders10,76110,76111,49411,79411,74534,2331,14,7051,08,4201,70,4212,83,2893,14,0922,90,771
Change since Jun 2023 (pp)
Promoters −10.93FIIs +6.36DIIs +10.34Public −6.14

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSE-Voting Results Along With Scrutinizer''''s Report
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingOct 2025TranscriptOct 2025PPTOct 2025RecordingAug 2025TranscriptAug 2025PPTAug 2025Recording

Corporate actions

As of 21 Aug 2026
21 Aug 2026DIVIDENDDividend - Re 1 Per Share—
14 Aug 2025DIVIDENDDividend - Rs 2 Per Share—
6 Sep 2024DIVIDENDDividend - Re 1 Per Share—
8 Sep 2023DIVIDENDDividend - Re 0.20 Per Share—
21 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Re 0.10 Per Share—
18 Aug 2021DIVIDEND Annual General Meeting/Dividend - Rs 0.10 Per Share—
10 Sep 2020DIVIDEND Annual General Meeting/Dividend - Rs 0.40 Per Share—
12 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 0.30 Per Share—
19 Sep 2018DIVIDEND Annual General Meeting/Dividend Re 0.10 Per Share—
19 Sep 2017DIVIDEND Annual General Meeting/Dividend - Re 0.15 Per Share—
15 Sep 2016DIVIDEND Annual General Meeting/Dividend - Re 0.10 Per Share—
18 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Re 0.35/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman