Name: Latest research reports of Zen Technologies Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Zen Technologies Ltd.
Rating: 3
Author: ICICI Securities Limited

Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
02 Sep 2025	Zen Technologies	Consensus Share Price Target	1505.00	1833.20	-	21.81	buy	pdf Detailed Estimates
29 Jul 2025	Zen Technologies	ICICI Securities Limited	1505.00	1700.00	1606.20 (-6.30%)	12.96	Hold	pdf post cache	Broker Report EBITDA below estimates; management guidance intact ICICI Securities Limited Zen Technologies’ Q1FY26 numbers undershot consensus estimates. Revenue/EBITDA declined 37.9%/41.9% due to a spillover of INR 600–700mn revenue to the next quarter owing to a change in product specifications. pdf Copy Link Share on Share on Share on Share on Alert
29 Jul 2024	Zen Technologies	Motilal Oswal	1505.00	1820.00	1609.05 (-6.47%)	Target met	Buy	pdf post cache	Broker Report Strong execution Motilal Oswal ZEN reported 92%/56%/57% YoY increase in revenue/EBITDA/PAT in 1QFY25, driven by an order book of INR11.6b. EBITDA margin remained strong at 40%. pdf Copy Link Share on Share on Share on Share on Alert
02 Jun 2016	Zen Technologies	BOB Capital Markets Ltd. Target	1505.00	83.00	65.95 (2182.03%)	Target met	Buy	post	Broker Report Zen Technologies 4QFY16 Result Review BOB Capital Markets Ltd. ZEN reported 4QFY16 results with a revenue of Rs 76mn vs Rs 646mn in 4QFY15 a de-growth of 93% YoY led by no orders from Indian defence. Currently the company has an existing order book of Rs 900mn (mainly... pdf Copy Link Share on Share on Share on Share on Alert
11 Feb 2016	Zen Technologies	BOB Capital Markets Ltd. Target	1505.00	68.00	67.70 (2123.04%)	Target met	Buy	post	Broker Report Zen Technologies 3QFY16 result update Final BOB Capital Markets Ltd. EBITDA loss stood at Rs 37mn: ZEN reported EBITDA loss of Rs 37mn vs loss Rs 28mn in 3QFY15. R&D; expenses stood at Rs 29mn. Valuation: At CMP of Rs 68, the stock trades at PE of 27.6x/18.1x of... pdf Copy Link Share on Share on Share on Share on Alert
21 Nov 2015	Zen Technologies	BOB Capital Markets Ltd.	1505.00	117.00	81.45 (1747.76%)	Target met	Buy	post	Broker Report Zen Technologies 2QFY16 result update Final BOB Capital Markets Ltd. We understand, the company cannot report steady quarterly results due to its order based business. However, we believe revenue to grow at a CAGR of 38% over FY15-18e led by 1) Proposed orders... pdf Copy Link Share on Share on Share on Share on Alert
19 Aug 2015	Zen Technologies	BOB Capital Markets Ltd.	1505.00	117.00	92.20 (1532.32%)	Target met	Buy	post	Broker Report Zen Technologies 1QFY16 result update BOB Capital Markets Ltd. Valuation: At CMP of Rs 87, the stock trades at PE of 27.6x/18.1x/14.1x of FY16/17/18e respectively. We maintain our BUY rating and a target price of Rs 117 (25x of FY17e; which is in line with its 1 year average of ~25x but at... pdf Copy Link Share on Share on Share on Share on Alert
23 Jun 2015	Zen Technologies	BOB Capital Markets Ltd.	1505.00	117.00	79.40 (1795.47%)	Target met	Buy	post	Broker Report Zen Technologies Ltd Initiating report with BUY BOB Capital Markets Ltd. Valuation: At CMP of Rs 81, the stock trades at PE of 26.3x/17.3x/13.5x of FY16/17/18e respectively. We initiate the stock with the BUY rating and a target price of Rs 117 (25x of FY17e; which is in line with its 1 year average... pdf Copy Link Share on Share on Share on Share on Alert

42.71% Fall from 52W High

Zen Technologies Ltd. share price target

Zen Technologies Ltd. has an average share price target of 1700. The consensus estimate represents an upside of 12.96% from the last price of 1505. View 1 reports from 1 analysts offering long-term price targets for Zen Technologies Ltd..

EBITDA below estimates; management guidance intact

Strong execution

Zen Technologies 4QFY16 Result Review

Zen Technologies 3QFY16 result update Final

Zen Technologies 2QFY16 result update Final

Zen Technologies 1QFY16 result update

Zen Technologies Ltd Initiating report with BUY

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