Defense stocks increasing rapidly, propelled by India's "Make in India" policy
MTAR Technologies and Zen Technologies Post Impressive Growth
In the dynamic world of technology and manufacturing, two Indian companies, MTAR Technologies Ltd. and Zen Technologies, are making significant strides.
MTAR Technologies, a leading player in the aerospace, defence, nuclear, and clean energy sectors, has seen a remarkable turnaround in its financial performance. The company, which reported a negligible net profit in FY16, has managed to amass a profit of ₹54 crore in FY25. This impressive growth translates to a Compound Annual Growth Rate (CAGR) of 30%. Similarly, the company's sales have grown exponentially over the past ten years, rising from ₹81 crore in FY16 to ₹676 crore in FY25, reflecting a CAGR of 24%.
Meanwhile, Zen Technologies, a company recognised for its contributions to the defence and aerospace sectors, is expecting a substantial order inflow of ₹800 crore in the first half of FY26. The company has already received ₹150 crore in the first three months of this fiscal year. Zen Technologies' current order book stands at ₹754.6 crore as of 30 June 2025.
The growth of Zen Technologies is not just limited to orders. The company's R&D department, supported by the Ministry of Science and Technology and the Department of Scientific and Industrial Research (DSIR), has filed over 172 patent applications. The company is also trading relatively cheap, with a Price-to-Earnings (PE) ratio of 53x, compared to the industry median of 68x.
In the recent quarter, MTAR Technologies has started producing new products for GKN Aerospace, Rafael, IAI, Elbit, and Thales. These partnerships are expected to drive the company's sales further in FY26. Additionally, MTAR Technologies' management anticipates orders worth ₹1,000 crore for the civil nuclear segment in the coming 3 to 6 months.
Unfortunately, there is no specific publicly available information on the number of Data Patterns Limited customers who come from other countries based on the provided search results.
Both MTAR Technologies and Zen Technologies are shining examples of Indian manufacturing companies making a mark in the global market. Their growth trajectories and strategic partnerships bode well for the future of the Indian manufacturing sector.
