Cochin Shipyard vs Zen Technologies vs MTAR Technologies: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Cochin Shipyard PE 53.60, mkt cap Rs 36,449 crore. Zen Technologies PE 76.92, mkt cap Rs 15,133 crore. MTAR Technologies PE 165.83, mkt cap Rs 22,128 crore.
Quick Answer
Cochin Shipyard vs Zen Technologies vs MTAR Technologies is a side-by-side comparison of three companies from the Defence Electronics and Systems space. On this comparison, Cochin Shipyard carries a market capitalisation of about Rs 36,449 crore against Rs 15,133 crore for Zen Technologies and Rs 22,128 crore for MTAR Technologies, with return on equity of 12.20%, 10.24% and 11.43% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Cochin Shipyard vs Zen Technologies vs MTAR Technologies starts with the core numbers most investors compare within the Defence Electronics and Systems segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Defence Electronics and Systems bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Cochin Shipyard, Zen Technologies and MTAR Technologies: Company Overview
Cochin Shipyard is a listed Indian company in the Defence Electronics and Systems space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Zen Technologies is a listed Indian company in the Defence Electronics and Systems space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
MTAR Technologies is a listed Indian company in the Defence Electronics and Systems space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Cochin Shipyard vs Zen Technologies vs MTAR Technologies: Valuation and Profitability Snapshot
| Metric | Cochin Shipyard | Zen Technologies | MTAR Technologies |
|---|---|---|---|
| Market Cap (approx.) | Rs 36,449 crore | Rs 15,133 crore | Rs 22,128 crore |
| PE Ratio (TTM) | 53.60 | 76.92 | 165.83 |
| PB Ratio | 6.21 | 8.01 | 26.90 |
| Return on Equity (ROE) | 12.20% | 10.24% | 11.43% |
| EPS (TTM, Rs) | 25.85 | 21.79 | 43.38 |
| Dividend Yield | 0.65% | 0.06% | 0.00% |
| Debt to Equity | 0.28 | 0.01 | 0.46 |
| Book Value per Share (Rs) | 223.23 | 209.22 | 267.42 |
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On valuation, Cochin Shipyard trades at a PE of 53.60 and a PB of 6.21, Zen Technologies at a PE of 76.92 and a PB of 8.01, while MTAR Technologies trades at a PE of 165.83 and a PB of 26.90. On return on equity, the three post 12.20%, 10.24% and 11.43% respectively, and on dividend yield they stand at 0.65%, 0.06% and 0.00%.
Cochin Shipyard vs Zen Technologies vs MTAR Technologies: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Cochin Shipyard | Rs 1,161.25 crore | Rs 151.45 crore | +3.4% | -29.2% |
| Zen Technologies | Rs 160.80 crore | Rs 31.85 crore | -10.7% | -19.9% |
| MTAR Technologies | Rs 368.61 crore | Rs 50.23 crore | +134.5% | +14.3% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three defence electronics and systems names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Cochin Shipyard vs Zen Technologies vs MTAR Technologies highlights how differently three companies in the same defence electronics and systems segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Cochin Shipyard vs Zen Technologies vs MTAR Technologies
What is the market cap difference between Cochin Shipyard, Zen Technologies and MTAR Technologies?
Ans. As of September 2026, Cochin Shipyard has a market cap of approximately Rs 36,449 crore, Zen Technologies is at approximately Rs 15,133 crore, and MTAR Technologies is at approximately Rs 22,128 crore.
Which of the three has the highest PE ratio?
Ans. Among Cochin Shipyard, Zen Technologies and MTAR Technologies, the PE ratios stand at 53.60, 76.92 and 165.83 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Cochin Shipyard, Zen Technologies and MTAR Technologies post ROE of 12.20%, 10.24% and 11.43% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Cochin Shipyard, Zen Technologies and MTAR Technologies carry dividend yields of 0.65%, 0.06% and 0.00% respectively.
What is the debt to equity ratio for Cochin Shipyard, Zen Technologies and MTAR Technologies?
Ans. Cochin Shipyard carries a debt to equity of 0.28, Zen Technologies of 0.01, and MTAR Technologies of 0.46.
Which of the three trades at the highest price to book value?
Ans. Cochin Shipyard, Zen Technologies and MTAR Technologies trade at price to book ratios of 6.21, 8.01 and 26.90 respectively.
Is one of Cochin Shipyard, Zen Technologies or MTAR Technologies better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
