🛡️ Zen Technologies Q4 Results: ₹900 Cr Revenue, Anti-Drone Glory, and War-Proof Confidence

By Prashant Marathe | 23 May 2025 | EduInvesting

📌 At a Glance

Zen Technologies just delivered a blockbuster FY25:

• 💥 Revenue: ₹900 Cr
• 📚 Order Book (Standalone): ₹692 Cr
• 💰 Cash on hand: ₹1,037 Cr
• 📡 Anti-Drone Systems used in Operation Sindoor (yes, that one)
• 📦 FY26 to be “muted”, but 3-year CAGR guidance of 50% still intact
• 🛠️ Subsidiaries like ARI, UTS, Bhairav, and Vector now part of a tactical tech army

CMP: ₹1,037 — and the stock may just be entering its defence supercycle.

🔫 Zen’s Anti-Drone System: From R&D to Real War

Ashok Atluri dropped this nuclear nugget:

“We’re the only Indian private player that passed IDDM anti-drone trials. Others were screaming ‘drones’, we built systems to kill them.”

✅ Started R&D in 2018
✅ Designed, developed, and made in India — no jugaad
✅ Jammer, radar, EO sensors, command-control, hard kill integration — all in-house
✅ Used successfully during Operation Sindoor, saving lives and securing airspace

💡 While competitors only jam WiFi drones (2.4/5.8GHz), Zen’s systems are band-agnostic. They can neutralize any rogue