Zen Technologies jumps on bagging order worth Rs 224 crore from GoI

31 Oct 2017 Evaluate

Zen Technologies is currently trading at Rs. 88.90, up by 6.65 points or 8.09% from its previous closing of Rs. 82.25 on the BSE.

The scrip opened at Rs. 92.00 and has touched a high and low of Rs. 92.95 and Rs. 87.45 respectively. So far 56,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 92.95 on 31-Oct-2017 and a 52 week low of Rs. 46.45 on 28-Sep-2017.

Last one week high and low of the scrip stood at Rs. 92.95 and Rs. 64.50 respectively. The current market cap of the company is Rs. 787.07 crore.

The promoters holding in the company stood at 59.44%, while Institutions and Non-Institutions held 0.14% and 40.41% respectively.

Zen Technologies has received its biggest ever order from the domestic market. It is a landmark Rs 224 crore order from Government of India (GoI), split into Rs 156 crore for equipment (expected to be executed during the next financial year 2018-2019) and Rs 68 crore of AMC which will accrue over the 5 years following the warranty period of 2 years.

As of October 29, 2017, the company’s order book was about Rs 133 crore, comprising of Rs 68 crore for equipment and Rs 65 crore for Annual Maintenance Contracts (AMC). The equipment order book of Rs 68 crore is largely composed of an export order, announced on October 12, 2017, of Rs 64 crore for virtual and live combat training systems. The AMC of Rs 65 crore on existing equipment is spread over the next 4 years+.

Zen Technologies specializes in making simulators and imparting training since 1993. It has an innovative research and development division and is recognized as an in-house R&D unit by the Department of Scientific and Industrial Research (DSIR).


Zen Technologies Share Price

2500.75 75.85 (3.13%)
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