Zen Technologies Limited

Key Metrics of Zen Technologies Limited

Revenue₹424 Cr▼ 54.5% YoYFY 2025-26

EBITDA₹213 Cr▼ 42.6% YoY

Net profit₹146 Cr▼ 44.5% YoY

Net worth₹1,822 Cr▲ 7.9% YoY

Competitors10identified

About Zen Technologies Limited

Sectors

IT Services & SoftwareIndian IT Services

Company details

Registered office: B-42 Industrial Estate, Sanathnagar, Hyderabad, In-ts, 500018
Listed: NSE: ZENTEC · ₹1,568.80

Operational Areas of Zen Technologies Limited

IT Services & Software›Indian IT Services

Company summary

Entity details

CINL72200TG1993PLC015939

LEI code335800LESMFKPK45XK09

State codeTG

PIN code500018

Current legal nameZEN TECHNOLOGIES LIMITED

Classification—

Listing statusListed (NSE: ZENTEC)

Registration no.015939

Company age—

PAN—

CountryIndia

CityHyderabad

StateTelangana

Current statusActive

Date of incorporation—

Registrar of companies—

Authorised capital—

Paid-up capital—

Employee count—

Compliance

Last AGM date—

Last balance sheet—

Next filing dueAOC-4 for FY 2025-26 · 30 Oct 2026

Industry classification

NIC code72200

Description of main activityComputer and related activities (software, IT services)

Description of business activityComputer and related activities (software, IT services)

SectorIT Services & Software · Indian IT Services

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Financials, ratios and risk analysis

Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.

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Filing compliance

AGM for FY 2025-2630 Sep 2026 Statutory due date passed

AOC-4 for FY 2025-2630 Oct 2026 Statutory due date · 1 days left

MGT-7 for FY 2025-2629 Nov 2026 Statutory due date · 31 days left

Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.

Vendor checks & payment capacity

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Credit ratings

CARE · 18 Aug 2020 Withdrawn Stable outlook · Short term A3 · Withdrawn

Change in last 12 monthsNo change

Change since first rating on record▼ 1 notchsince Apr 2016

Rating actions80 up · 0 down

NoteLatest action: rating withdrawn (CARE, 18 Aug 2020)

Rating history

Rating actions

Date	Agency	Action	Long term	Short term	Outlook	Rated amount	Rationale
18 Aug 2020	CARE	Withdrawn	BBB-	A3	Stable	—	View
27 Jul 2020	CARE	Revised (from BBB)	BBB-	A3	Stable	₹137 Cr	View
25 Jun 2019	CARE	Revised (from BBB-)	BBB	A3+	Stable	₹137 Cr	View
26 Dec 2018	CARE	Reaffirmed	BBB	A3	Stable	₹137 Cr	View
24 Aug 2018	CARE	Other	—	—	—	—	View
26 Mar 2018	CARE	Other	—	—	—	—	View
23 Feb 2017	CARE	Other	—	—	—	—	View
05 Apr 2016	CARE	Assigned	BBB	A3+	—	₹82.0 Cr	View

Agency-reported financials (CARE, 24 Aug 2018)

Metric	Q1FY19
Total operating income	₹6.33 Cr
PBILDT	₹-3.06 Cr
PAT	₹-4.12 Cr
Overall gearing (times)	—
Interest coverage (times) 6.41 1.05 NM	1.05×
EBITDA margin	−48.3%
Implied interest cost (EBITDA ÷ coverage)	—
PAT margin	−65.1%

Borrowings & rated debt

Rated borrowing limits (latest)₹137 Cr

Peak rated limits₹137 CrDec 2018 · CARE

Limits raised0 times3 new facilities rated

Rated limits over time

Facility mix

Rated facilities

Facility	Type	Previous	Current	Change	Rating	Action	Agency
Facilities Action Long term Bank Facilities on	Working capital & bank lines	—	₹50.0 Cr	—	BBB- (Stable)	Revised	CARE
information (A Short term Bank Facilities	Working capital & bank lines	—	₹15.0 Cr	—	A3	Revised	CARE
on the basis of best ) available information Long-term/Short-term Bank /A Three) on the basis of best available ) information	Working capital & bank lines	—	₹72.0 Cr	—	BBB- / A3 (Stable)	Revised	CARE

CARE ratings on record (checked 23 Oct 2026)

Instrument	Amount	Rating
Bank Guarantee	—	Withdrawn
Cash Credit	—	Withdrawn
Letter of credit	—	Withdrawn
Term Loan	—	Withdrawn

Credit assessment · Services

Rating Methodology – Service Sector Companies · Standalone accounts · FY 2025-26

Indicative long-term—

Indicative short-term—

Score—

LiquidityAdequate

DirectionStableAgency outlook: Stable

CARE rating · Jul 2020BBB-6 notches below indicative

Ratios, pillar scores and the indicative rating are part of Premium.

Rating status

Default	No default on record
Issuer cooperation	Cooperating
Credit enhancement	None – standalone rating
Withdrawal	CARE · 18 Aug 2020 · Withdrawn (reason not stated in report)
Next action stable or better (model)	29%
Information on file	67% · missing: Capex / investment plans, Auditor details, Recent rating review (last 15 months)

Indicative assessment from public data using the published methodology factors; not a credit rating.

Borrowing & funding lifecycle

⬇ PDF report ⬇ Excel

Can it borrow more?Further bank funding difficult Next rating action stable or better: 43% (At risk of downgrade) · ML model on 4072 rating histories, AUC 0.666

Rated limits₹137 Cr

Not yet allocated—

Extra debt within 3.5× EBITDA—

Interest coverage—

Limit utilisation—

Open bank charges0 · —

Credit outlook model: 43% chance the next rating action is stable or better
Current rating BBB- (investment grade)
Issuer not cooperating with the rating agency
CARE withdrew its ratings on 18 Aug 2020 — usually after the rated bank loans were repaid or moved to another lender

Rated limits by facility

Timeline

18 Aug 2020 CARE withdrawn: BBB- (Stable) CARE rationale

27 Jul 2020 CARE revised: BBB- (Stable)Rated limits ₹137 cr CARE rationale

25 Jun 2019 CARE revised: BBB (Stable)Rated limits ₹137 cr CARE rationale

26 Dec 2018 CARE reaffirmed: BBB (Stable)Rated limits ₹137 cr CARE rationale

24 Aug 2018 CARE other: — CARE rationale

26 Mar 2018 CARE other: — CARE rationale

23 Feb 2017 CARE other: — CARE rationale

05 Apr 2016 CARE assigned: BBBRated limits ₹82 cr CARE rationale

Lender names, bank charges and audited borrowings are part of Premium.

Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.

Competitors of Zen Technologies Limited