Multibagger! This defence stock zoomed over 400% in 3 years, more than 1200% in 4 years

livemint.com:

Zen Technologies, a firm specialising in crafting combat training solutions and counter-drone systems for defence and security forces, has seen a consistent rise in its stock value. This surge is propelled by significant order acquisitions and improved financial results observed over consecutive quarters. Also Read: Bharti Airtel: Should you buy, sell or hold the stock after Q4 earnings? Here's what experts suggest The company's shares, which were trading at a price of ₹185 apiece three years ago, are now trading at a price of ₹962 apiece, rewarding their shareholders with a return of 420%.

The stock even delivered a whopping return of 1252% over the last four years. Looking at the yearly performance, the stock delivered a multibagger return of 331% in CY23. On May 03, the stock touched a new peak of ₹1,130 apiece.

Regarding financials, the company achieved record sales, profitability, and order wins for both Q4 and for the full fiscal year (FY24). Also Read: Up 275% in a year, this defence stock's growth is just getting started In Q4FY24, the company's revenue surged by 85% to ₹138.04 crore compared to ₹74.33 crore, with a notable improvement in net profit, which soared to ₹33.04 crore, marking a 50% increase from the previous net profit of ₹17.27 crore. For the full FY24, revenue from operations witnessed an impressive growth of 167%, escalating to ₹430.28 crore, while net profit experienced a substantial surge of 243%, rising to ₹129.23 crore from ₹37.64 crore in FY23.