AI Summary
✦ ClarthaPrice Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
From 6 analysts
Fundamentals
Fundamentals institutional score is 0 using growth durability 0.0.
Valuation
Valuation institutional score is 46 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
Analyst View institutional score is 56 using mean target upside 6.0%; dispersion penalty 12.5; recommendation breadth from available consensus.
Technical Structure
Technicals institutional score is 77 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
Recent news flow is balanced or not decisive enough to tilt the tape. Based on 8 recent ticker-linked news items.
Signal Summary
Market intelligence remains Mixed. technical structure provide support, while fundamentals and valuation remain considerations.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 22.3% above historical median. Valuation is declining — currently in the strongly overvalued zone (z-score: +0.76). Confidence: 69%.
Live forward EPS implies next-12-month EPS of ₹52.38. Applying the stock's normalized valuation corridor produces a fair range of ₹2,584.43 to ₹4,480.59, with base value near ₹3,693.31 (+114.7% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹52.38
Forward P/E
32.8x
Base Fair Value
₹3,693.31
Fair Range
₹2,584.43 - ₹4,480.59
Upside To Base
+114.7%
Estimate Source
Live forward EPS
Growth Estimate
-27.9%
5Y Average
48.06
Current
86.22
Overvalued
85.54
Undervalued
49.34
5Y Average
38.00
Current
68.17
Overvalued
58.09
Undervalued
8.29
5Y Average
7.99
Current
8.61
Overvalued
7.96
Undervalued
7.44
Peers & Comparison
Sector: Information Technology · Theme: Electronic Equipments
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
APOLLO MICRO SYSTEMS LTD APOLLOElectronic Equipments | +81.3% | 12.5% | 124.3x Premium | +52% vs avg | +106.9% |
SYRMA SGS TECHNOLOGY LTD SYRMAElectronic Equipments | +68.3% | 6.7% | 74.2x Fair | -9% vs avg | +111.2% |
PG ELECTROPLAST LTD PGELElectronic Equipments | -10.1% | 3.7% | 90.7x Fair | +11% vs avg | +20.7% |
AVALON TECHNOLOGIES LTD AVALONElectronic Equipments | +49.8% | 7.4% | 113.7x Premium | +39% vs avg | +122.6% |
ADITYA INFOTECH LIMITED CPPLUSElectronic Equipments | +45.5% | 8.7% | 117.6x Premium | +44% vs avg | +254.7% |
GNG ELECTRONICS LIMITED EBGNGElectronic Equipments | +32.1% | 7.2% | 42.5x Undervalued | -48% vs avg | +72.7% |
SHILCHAR TECHNOLOGIES LTD SHILCTECHElectronic Equipments | -34.4% | 24.1% | 33.9x Undervalued | -59% vs avg | +10.5% |
CENTUM ELECTRONICS LTD CENTUMElectronic Equipments | -7.7% | -4.9% | 56.8x Undervalued | -30% vs avg | +55.6% |
ZEN TECHNOLOGIES LIMITED trades in line with peers (88.4x vs avg 81.7x), reflecting a fair valuation within the Electronic Equipments cohort. Peers include APOLLO MICRO SYSTEMS LTD, SYRMA SGS TECHNOLOGY LTD, PG ELECTROPLAST LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹72 CrMar 2026Latest net profit
₹14 CrMar 2026Latest EPS
₹1.64Mar 2026Net margin
-0.2%Mar 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Mar 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 74.14 | 132 | 64.03 | 98.08 | 136 | 254 | 242 | 142 | 294 | 111 | 125 | 116 | 71.9 |
| Expenses | 47.84 | 66.29 | 42.27 | 53.85 | 90.64 | 151 | 162 | 105 | 199 | 73.02 | 82.85 | 63.57 | 68.31 |
| Operating Profit | 24.92 | 64.7 | 19.99 | 42.29 | 42.92 | 101 | 77.1 | 34.14 | 91.44 | 34.97 | 38.48 | 49 | -0.13 |
| OPM % | 33.61% | 48.85% | 31.22% | 43.12% | 31.63% | 39.75% | 31.9% | 24.12% | 31.16% | 31.49% | 30.87% | 42.19% | -0.18% |
| Other Income | 0.19 | 2.63 | 4.79 | 4.18 | 2.33 | 3.05 | 8.43 | 21.96 | 24.36 | 19.89 | 22.99 | 14.34 | 19.95 |
| Interest | 0.33 | 0.35 | 0.45 | 0.41 | 0.63 | 1.02 | 2.07 | 2.73 | 3.61 | 1.38 | 0.43 | 1 | 0.62 |
| Depreciation | 1.38 | 1.46 | 1.77 | 1.94 | 2.15 | 2.24 | 2.32 | 2.6 | 2.94 | 3.07 | 3.32 | 3.58 | 3.72 |
| Profit before tax | 24.78 | 66.98 | 24.33 | 46.06 | 44.62 | 103 | 83.46 | 53.37 | 112 | 53.48 | 61.04 | 62.34 | 19.2 |
| Tax % | 30.31% | 29.64% | 28.73% | 31.24% | 31.35% | 26.22% | 25.41% | 27.64% | 24.1% | 30.59% | 24.38% | 14.79% | 27.19% |
| Net Profit | 17.27 | 47.13 | 17.34 | 31.67 | 30.63 | 75.98 | 62.25 | 38.62 | 85.15 | 37.12 | 46.16 | 53.12 | 13.98 |
| EPS in Rs | 2.16 | 5.81 | 2.08 | 3.80 | 3.96 | 8.88 | 7.56 | 4.30 | 9.45 | 4.13 | 5.13 | 5.32 | 1.64 |
All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.