Mukul Agarwal's portfolio multibagger stock & Rs 1,467.32 crore order book: This drone company receives order worth Rs 227.65 crore from Ministry of Defence!
The stock is up by 300 per cent in just 1 year, up by 910 per cent in 3 years and a whopping 12,700 per cent in 1 decade.
Zen Technologies Limited, a leading provider of military training and anti-drone solutions has received an order win from the Ministry of Defence, Government of India valued at Rs 227.65 crores (including GST).
Zen was the resultant single vendor for this Anti-Drone systems order. Built into the contract is a Comprehensive Maintenance Contract (CMC) post-warranty, at a cost of Rs 43.22 crore, inclusive of GST. This significant development reinforces Zen Technologies' market position as a go-to company for Indian IP-owned Anti-drone systems. The company is committed to executing its cumulative order book for equipment over the next 18 months and anticipates receiving substantial orders in the coming months.
As of June 30, 2023, our order book amounted to Rs 542 crores. During the current quarter, we've successfully secured new orders worth Rs 925.32 crores, raising our total order book to Rs 1,467.32 crore (excluding tax). The order book contains Training Simulators (including service and AMC) orders worth Rs 819.21 crore and Counter Drone System (including service and AMC) orders worth Rs 648.11 crore.
In Q1FY24 ended June 2023, Mukul Agarwal, an ace investor brought 57,758 shares or 1.34 per cent stake in Zen Technologies Ltd.
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On Wednesday, shares of Zen Technologies Ltd plunged 0.88 per cent to Rs 775.90 per share from its previous closing of Rs 782.75. The stock traded at an intraday high of Rs 790 and an intraday low of Rs 760. The stock gave multibagger returns of 140 per cent in just 6 months whereas BSE Small-Cap index is up by 40 per cent.
According to the Quarterly Results, the net sales increased by 300 per cent to Rs 132 crore and net profit increased by 487.5 per cent in Q1FY24 compared to Q1FY23. The net sales increased by 213.75 per cent to Rs 161 crore and net profit skyrocketed by 1,815.29 per cent to Rs 38 in FY23 compared to FY22. The company has a market cap of over Rs 6,000 crore.
The stock is up by 290 per cent in 2 years, up by 850 per cent in 3 years and a whopping 10,500 per cent in 1 decade. Investors should keep an eye on this small-cap aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read - Ashish Kacholia gained Rs 22,89,68,546 from this multibagger small-cap stock in just 1 day; announces Rs 600 crore capex plan and 4,25,000 MTPA capacity by FY 2026!
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