Zen Technologies - A Niche Defense Play; Motilal Oswal Initiates Coverage With A Buy

With a healthy order book of Rs 14 billion and a likely inflow CAGR of 37% over the next three years, the brokerage expects Zen's revenue/Ebitda/PAT to clock a CAGR of 63%/57%/56% over FY24-27.

Motilal Oswal Financial Services

18 Jul 2024, 08:47 AM IST

Zen Mortar Integrated Simulators designed by Zen Technologies Ltd. (Source: Company website)

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Zen Technologies - A Niche Defense Play; Motilal Oswal Initiates Coverage With A Buy

With a healthy order book of Rs 14 billion and a likely inflow CAGR of 37% over the next three years, the brokerage expects Zen's revenue/Ebitda/PAT to clock a CAGR of 63%/57%/56% over FY24-27.

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Zen Technologies - A Niche Defense Play; Motilal Oswal Initiates Coverage With A Buy

With a healthy order book of Rs 14 billion and a likely inflow CAGR of 37% over the next three years, the brokerage expects Zen's revenue/Ebitda/PAT to clock a CAGR of 63%/57%/56% over FY24-27.

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