Cochin Shipyard vs Zen Technologies vs MTAR Technologies: Which Stock Should You Track

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.

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.