Where will Zen Technologies share price be in the next 3 years?

Zen Technologies' stock has declined from ₹1,904 to ₹1,789 over the past year. The company has a strong consolidated order book of ₹1,336 crore as of March 2026, with management expecting significant order growth in FY27, supported by its anti-drone and training simulator businesses. However, the stock trades at a high PE of 73.7, well above the 30-60 range typical of defence peers, and faces risks from government procurement delays and order concentration.