Zen Technologies ZENTEC
Defence Procurement (DAC approvals): Combat training simulators and counter-drone systems for all three services
Mapped in 3 themes: Naval Shipbuilding & Defence Shipyards, Aerospace Component Manufacturing & MRO and Defence Procurement (DAC approvals).
Where Zen Technologies sits in the supply chain
Zen Technologies appears in 3 supply-chain layers across 3 themes: Naval Shipbuilding & Defence Shipyards, Aerospace Component Manufacturing & MRO and Defence Procurement (DAC approvals).
Naval Shipbuilding & Defence Shipyards › Combat Systems, Weapons, Explosives & Ammunition
Direct supplierLeading combat training-simulator maker incl. naval gunnery/damage-control simulators, anti-drone systems
Other companies in this layer
Aerospace Component Manufacturing & MRO › Avionics, Electronics, RF/Microwave & Mission Systems
Direct supplierLargest supplier of simulation/pilot & crew training systems, anti-drone systems
Other companies in this layer
Defence Procurement (DAC approvals) › Drones & counter-drone
Direct supplierCombat training simulators and counter-drone systems for all three services
Other companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 440 | 974 | 688 |
| Net profit | 130 | 299 | 218 |
Latest-year revenue ₹688 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Defence Procurement (DAC approvals)
- Order book ₹1,239 Cr (30 Jun 2026) plus a ₹177.5 Cr simulator order in July
- Counter-drone systems are a post-Sindoor priority (₹289 Cr upgrade order, Oct 2025)
- Targets 35% EBITDA margin in FY27
Risks · in Defence Procurement (DAC approvals)
- Revenue fell ~29% in FY26 and ~10% in Q1 FY27 - orders are lumpy
- Many counter-drone competitors, incl. BEL
- Valuation built on a rebound
Common questions
What does Zen Technologies do?
In Defence Procurement (DAC approvals): Combat training simulators and counter-drone systems for all three services. NextResearch maps it in 3 supply chains: Defence Procurement (DAC approvals), Naval Shipbuilding & Defence Shipyards and Aerospace Component Manufacturing & MRO.
Where does Zen Technologies sit in the supply chain?
Zen Technologies (NSE: ZENTEC) is mapped in 3 supply-chain layers: Combat Systems, Weapons, Explosives & Ammunition (Naval Shipbuilding & Defence Shipyards); Avionics, Electronics, RF/Microwave & Mission Systems (Aerospace Component Manufacturing & MRO); and Drones & counter-drone (Defence Procurement (DAC approvals)).
Who are Zen Technologies' peers?
In the Drones & counter-drone layer of Defence Procurement (DAC approvals): ideaForge Technology, Solar Industries India and Paras Defence and Space Technologies.
What is Zen Technologies' market cap and valuation?
As of 30 Oct 2026: market cap ₹14,345 Cr, P/E 79.0x, ROCE 16.2%, ROE 10.7%, dividend yield 0.06%.