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Zen Technologies Ltd
NSE:ZENTEC

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Zen Technologies Ltd
NSE:ZENTEC
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Price: 1 668.9 INR -3.04% Market Closed
Market Cap: ₹150.1B

EV/EBIT

45.4
Current
5%
More Expensive
vs 3-y average of 43.4

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
45.4
=
Enterprise Value
₹111.6B
/
EBIT
₹3.1B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
45.4
=
Enterprise Value
₹111.6B
/
EBIT
₹3.1B

Valuation Scenarios

Zen Technologies Ltd is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (43.4), the stock would be worth ₹1 592.89 (5% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-49%
Maximum Upside
+4%
Average Downside
17%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 45.4 ₹1 668.9
0%
3-Year Average 43.4 ₹1 592.89
-5%
5-Year Average 47.1 ₹1 730.44
+4%
Industry Average 36.4 ₹1 335.98
-20%
Country Average 23.3 ₹854.76
-49%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
₹111.6B
/
Jan 2026
₹3.1B
=
45.4
Current
₹111.6B
/
Mar 2026
₹2.9B
=
37.9
Forward
₹111.6B
/
Mar 2027
₹4.7B
=
23.7
Forward
₹111.6B
/
Mar 2028
₹6.4B
=
17.4
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IN
Zen Technologies Ltd
NSE:ZENTEC
154.8B INR 45.4 56.5
JP
Keyence Corp
TSE:6861
15.3T JPY 24.6 36.7
US
Keysight Technologies Inc
NYSE:KEYS
59.6B USD 66.2 62
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
306.9B CNY 15 20.5
US
Teledyne Technologies Inc
NYSE:TDY
30B USD 27.5 33.5
SE
Hexagon AB
STO:HEXA B
274.2B SEK 20.1 41.2
CN
Zhonghang Electronic Measuring Instruments Co Ltd
SZSE:300114
192.9B CNY 2 350.2 1 890.2
TW
Chroma ATE Inc
TWSE:2360
821.8B TWD 88.9 70.3
UK
Halma PLC
LSE:HLMA
16.8B GBP 35.5 48.2
CN
Huagong Tech Co Ltd
SZSE:000988
118.3B CNY 76.3 80.4
US
Trimble Inc
NASDAQ:TRMB
15.9B USD 27.4 37.4

Market Distribution

Higher than 81% of companies in India
Percentile
81st
Based on 2 572 companies
81st percentile
45.4
Low
0.4 — 15.7
Typical Range
15.7 — 34.7
High
34.7 —
Distribution Statistics
India
Min 0.4
30th Percentile 15.7
Median 23.3
70th Percentile 34.7
Max 48 145.1

Zen Technologies Ltd
Glance View

Zen Technologies Ltd., an Indian defense training solutions company, has carved a niche in the realm of simulation technology, transforming the way defense forces prepare for complex scenarios. Founded in 1993, the company has relentlessly pursued innovation, designing and manufacturing state-of-the-art simulators to enhance military training effectiveness. With an unwavering focus on precision and realism, Zen leverages cutting-edge technologies, crafting products like tank and driving simulators, as well as live range equipment. These allow military personnel to hone their skills in safe, controlled environments, offering cost-efficient alternatives to traditional field exercises. This symbiotic blend of technology and defense expertise forms the cornerstone of Zen's operations, enabling it to meet the stringent demands of defense organizations. Financially, Zen Technologies thrives through a business model that capitalizes on direct contracts with defense establishments. By aligning with governmental defense programs, the company secures consistent revenue streams and maintains strategic relationships with key defense sectors. Zen’s financial vitality is further bolstered by recurring maintenance contracts and strategic exports, broadening its footprint beyond domestic shores. The company’s growth trajectory is deeply interwoven with its commitment to R&D, allowing it to continuously expand its product suite and address the evolving needs of defense customers globally. As defense budgets prioritize modernization, Zen's role in providing innovative training solutions becomes increasingly pivotal, positioning it as a pivotal player in the defense technology landscape.

ZENTEC Intrinsic Value
1 028.04 INR
Overvaluation 38%
Intrinsic Value
Price ₹1 668.9
Z
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