• Vector Technics integration: Zen holds a 51% stake in Vector Technics for full consolidation, experiencing strong domestic and export demand across Europe and America for its complete in-house propulsion stack as global buyers seek alternatives to China.
• Blended margin impact: While Vector Technics will add to absolute profit figures, its operating margins will be lower than Zen's core simulator and counter-drone export business due to competitive pricing against Chinese manufacturers.
• Defence acquisition opportunity: Zen expects to bid across its complete product portfolio for the ₹52,000 crore DAC clearance, with fast-track procurements (expanded to ₹2,000 crore) expected to execute within 12 to 18 months and regular acquisitions taking 2 to 3 years.
• Order book outlook: Building on an existing ₹1,400 crore pipeline, near-term simulator wins and large prospective orders are projected to bring Zen to its largest-ever order book position by the end of the year.