Zen Technologies Ltd
Zen Technologies Ltd Q3 FY26 Results & Concall Highlights: Order Book ₹1,427 Cr
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Zen Technologies expects a strong revenue growth, targeting a total turnover of Rs. FY2026 and FY2027 expected to be muted with ~20%-25% lower than next year, but strong growth anticipated thereafter.
From Zen Technologies Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Zen Technologies expects a strong revenue growth, targeting a total turnover of Rs. 6,000 Crores over FY2026 to FY2028.
- In FY2027, anticipated revenue execution is around Rs. 1,500 Crores, increasing to Rs. 2,500 Crores or more in FY2028.
- The company plans to scale up order book to Rs. 2,500-3,000 Crores by next financial year-end to support revenue targets.
- Capacity expansions and supply chain investments are underway to enable execution beyond Rs. 2,000 Crores annually.
- Export markets, including EU, Middle East, Africa, and Southeast Asia, are seen as growth drivers, potentially contributing 20%-30% of turnover by FY2028.
- Simulation business remains dominant in the order book, with faster growth expected from anti-drone systems.
- Long-term government R&D funds and strategic focus on IP development support sustained growth over 5-10 years.
Profitability & Margins
See what Zen Technologies Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Zen Technologies is investing in expanding capacity to handle a projected turnover of Rs.4,000 Crores over the next two years, including machinery, plant, and R&D facilities.
- They are actively looking for acquisitions both in India and overseas, leveraging their cash reserves (~Rs.1,100 Crores), especially following the EU FTA that opens marketing and acquisition opportunities in Europe.
- The company is focusing on acquiring firms with deep technologies to enhance their product portfolio for both domestic and export markets.
- Investment emphasis is on long-term R&D, supported by India's Research Development and Innovation Fund, with government potentially funding 50% for technology development over 10-12 years.
- They are building additional manufacturing capacity to meet order execution beyond Rs.2,000 Crores annually, ensuring operational capability for large future order flows.
Top-ranked in Aerospace & Defense
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Zen Technologies Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of January 31, 2026, the total order book stands at Rs.1,427 Crores.
- The order book is split approximately 50% simulators and 50% anti-drone systems.
- Domestic orders constitute about 93%, exports about 7% of the order book.
- Annual Maintenance Contracts (AMC) portion in the order book is Rs.338 Crores.
- New orders from simulators expected potentially by March 2026, possibly spilling into Q1 FY2027.
- Export orders are being actively pursued, with expectations to contribute 20%-30% of total turnover by FY2028.
- Order book expected to increase to Rs.2,000 Crores soon and targeted to reach Rs.2,500-3,000 Crores by next financial year-end.
- Execution target over next two years is Rs.4,000 Crores, with capacity expansion underway to meet this.
- Export order sizes range between Rs.100 Crores to Rs.800 Crores, with potential larger sizes.
Zen Technologies Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹178 Cr, net profit ₹47 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Zen Technologies Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Zen Technologies Ltd Q3 FY26 results?
Zen Technologies expects a strong revenue growth, targeting a total turnover of Rs. FY2026 and FY2027 expected to be muted with ~20%-25% lower than next year, but strong growth anticipated thereafter.
What is Zen Technologies Ltd share price analysis?
Zen Technologies Ltd currently shows a neutral. The stock trades at a P/E of 83.2 with a market cap of ₹15,121 Cr. Investors should review the full earnings analysis for detailed insights.
Is Zen Technologies Ltd planning capital expenditure?
Zen Technologies is investing in expanding capacity to handle a projected turnover of Rs.4,000 Crores over the next two years, including machinery, plant, and R&D facilities.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.