Zen Technologies Share Price on Investors’ Radar: Gained Over ~6% Intraday

On December 16, 2024, on the BSE, Zen Technologies share price rose 6.49% to ₹2,306.00 by 1:14 PM (IST), hitting a 52-week high of ₹2,323 during the day, compared to its 52-week low of ₹687.70 on January 24, 2024. This surge came even as the BSE Sensex dropped 390.89 points to 81,718.07 by 1:14 PM. According to BSE data, Zen Technologies saw a total traded volume of 1.71 lakh shares, with a turnover of ₹38.77 crore.

At the current price, Zen Technologies shares are trading at a price-to-earnings (P/E) ratio of 101.64x, based on its trailing 12-month earnings per share (EPS) of ₹22.61, and a price-to-book (P/B) ratio of 12.55, according to exchange data. A higher P/E ratio suggests that investors are willing to pay a premium for the stock, anticipating future growth. The P/B ratio, on the other hand, reflects the market’s valuation of the company’s inherent worth, even in the absence of growth.

The stock has a beta value of 1.52, indicating its volatility in relation to the broader market.

Shareholding Details

As of September 30, 2024, promoters held a 49.14% stake in Zen Technologies, while Foreign Institutional Investors (FIIs) owned 14.84%, and Domestic Institutional Investors (DIIs) held 19.5%.

Zen Technologies H1 FY25 Results

The company’s profit surged by 309%, rising from ₹15.3 crore last year to ₹62.6 crore this year. Revenue also saw a remarkable increase, growing by 263% from ₹66.5 crore to ₹241.8 crore.

EBITDA jumped significantly from ₹19 crore to ₹80 crore, while the profit margin improved to 33.1%, compared to 28.4% in the previous year. As of September 30, 2024, Zen Technologies reported an order book of ₹956.74 crore and raised ₹100 crore through a Qualified Institutional Placement (QIP) during the quarter.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.