Zensar Technologies Ltd

Zensar Technologies Ltd

₹ 636 1.52%
03 May - close price
About

Zensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India. It operates in two segments: Application Management Service and Infrastructure management service. It is focused on industry verticals, such as Hitech & manufacturing, consumer services, and banking, financial services, and insurance. They have offices located in India, the USA, UK, Europe, and Africa. [1] [2]

Key Points

Zensar is part of the ~Rs. 263 billion (FY2021
revenues) RPG Group, which has a diversified presence in infrastructure, tyres, technology and pharmaceuticals. It derives financial flexibility and benefits from the strong management lineage of the Group.[1]

  • Market Cap 14,420 Cr.
  • Current Price 636
  • High / Low 663 / 300
  • Stock P/E 21.7
  • Book Value 157
  • Dividend Yield 0.79 %
  • ROCE 25.6 %
  • ROE 20.3 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 30.8%

Cons

  • The company has delivered a poor sales growth of 4.33% over past five years.
  • Working capital days have increased from 50.7 days to 80.4 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
876 937 1,051 1,102 1,154 1,203 1,235 1,198 1,213 1,227 1,241 1,204 1,230
704 764 889 944 990 1,067 1,129 1,063 1,037 997 1,010 996 1,027
Operating Profit 172 173 161 158 164 136 105 135 176 230 231 208 203
OPM % 20% 18% 15% 14% 14% 11% 9% 11% 14% 19% 19% 17% 17%
6 18 23 24 72 21 28 26 27 28 36 42 52
Interest 12 9 9 9 9 6 8 8 6 6 6 6 3
Depreciation 44 43 47 47 48 49 49 50 35 42 37 31 24
Profit before tax 122 140 129 126 180 102 77 104 162 210 225 212 229
Tax % 25% 26% 26% 27% 27% 26% 26% 26% 26% 26% 23% 24% 24%
91 103 96 92 131 75 57 76 119 156 174 162 173
EPS in Rs 3.91 4.48 4.18 4.02 5.74 3.32 2.51 3.38 5.27 6.90 7.68 7.14 7.65
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,129 2,335 2,656 2,952 3,056 3,108 3,966 4,182 3,781 4,244 4,848 4,902
1,828 1,977 2,264 2,513 2,674 2,743 3,487 3,675 3,097 3,587 4,296 4,030
Operating Profit 300 358 392 439 382 365 479 507 685 656 552 872
OPM % 14% 15% 15% 15% 12% 12% 12% 12% 18% 15% 11% 18%
3 30 27 54 24 74 93 88 -24 138 103 159
Interest 10 10 11 11 9 23 37 61 54 35 28 21
Depreciation 33 38 42 65 49 65 89 159 175 185 183 134
Profit before tax 261 340 366 417 349 352 445 376 433 574 444 876
Tax % 33% 30% 28% 30% 32% 30% 28% 28% 29% 27% 26% 24%
175 238 265 292 238 246 319 272 307 422 328 665
EPS in Rs 8.01 10.86 11.94 12.97 10.47 10.74 13.93 11.69 13.30 18.40 14.47 29.34
Dividend Payout % 20% 18% 18% 18% 23% 22% 20% 24% 27% 27% 35% 31%
Compounded Sales Growth
10 Years: 8%
5 Years: 4%
3 Years: 9%
TTM: 1%
Compounded Profit Growth
10 Years: 11%
5 Years: 18%
3 Years: 26%
TTM: 110%
Stock Price CAGR
10 Years: 25%
5 Years: 21%
3 Years: 33%
1 Year: 109%
Return on Equity
10 Years: 17%
5 Years: 15%
3 Years: 16%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 44 44 44 45 45 45 45 45 45 45 45 45
Reserves 685 902 1,113 1,220 1,427 1,624 1,897 2,045 2,297 2,642 2,931 3,517
200 170 176 149 134 9 300 332 350 335 273 186
328 370 402 455 500 618 847 1,174 742 817 872 899
Total Liabilities 1,257 1,486 1,734 1,869 2,106 2,296 3,090 3,596 3,433 3,840 4,121 4,648
397 422 547 386 447 592 950 1,323 1,133 1,254 1,174 1,034
CWIP 2 2 1 2 3 6 12 11 0 1 0 5
Investments 42 149 94 134 243 275 115 278 517 324 899 1,408
815 914 1,092 1,347 1,413 1,424 2,013 1,983 1,783 2,260 2,049 2,200
Total Assets 1,257 1,486 1,734 1,869 2,106 2,296 3,090 3,596 3,433 3,840 4,121 4,648

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
106 209 321 255 304 206 156 686 858 336 714 642
-25 -128 -182 -41 -204 -142 -229 -315 -530 3 -527 -475
-114 -77 -87 -129 -50 -204 201 -197 -467 -183 -219 -197
Net Cash Flow -33 4 51 85 50 -140 128 175 -139 156 -31 -30

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 58 56 62 67 64 75 81 58 57 69 55 55
Inventory Days 198 272 266 304
Days Payable 200 300 283 400
Cash Conversion Cycle 56 28 45 -29 64 75 81 58 57 69 55 55
Working Capital Days 45 47 55 74 65 70 71 40 28 44 27 80
ROCE % 31% 34% 30% 31% 24% 23% 23% 18% 21% 21% 15%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.18% 49.12% 49.10% 49.09% 49.16% 49.16% 49.15% 49.21% 49.21% 49.20% 49.20% 49.18%
17.10% 15.75% 17.81% 16.55% 15.95% 9.18% 10.75% 10.53% 12.59% 16.66% 17.12% 16.53%
21.13% 20.95% 14.09% 14.83% 13.91% 12.52% 11.45% 15.77% 17.30% 16.55% 16.45% 17.53%
12.59% 14.18% 18.99% 19.54% 20.99% 29.13% 28.63% 24.48% 20.89% 17.59% 17.23% 16.77%
No. of Shareholders 62,00388,5421,18,3811,71,0731,86,5592,22,9742,24,5112,11,7541,97,8262,17,6992,25,6572,16,935

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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