Zensar Technologies Ltd

AI

Zensar Technologies Ltd

₹ 538 -1.07%
03 Nov 11:30 a.m.
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

Group Overview:[1]
Zensar is part of RPG Enterprises,
a group with diverse business interests
across Infrastructure, Tyres, Pharma,
IT and Specialty, along with emerging innovation-led technology businesses.

  • Market Cap ₹ 12,247 Cr.
  • Current Price ₹ 538
  • High / Low ₹ 760 / 416
  • Stock P/E 16.6
  • Book Value ₹ 159
  • Dividend Yield 2.82 %
  • ROCE 26.0 %
  • ROE 20.9 %
  • Face Value ₹ 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 19.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 47.3%
  • Company's working capital requirements have reduced from 84.4 days to 51.6 days

Cons

  • Earnings include an other income of Rs.280 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
514 501 515 530 556 559 581 622 673 701 742 763 810
364 380 389 414 436 441 444 492 527 533 584 586 624
Operating Profit 150 122 126 115 120 118 138 130 147 169 158 177 186
OPM % 29% 24% 24% 22% 22% 21% 24% 21% 22% 24% 21% 23% 23%
28 31 38 113 51 80 59 95 62 48 98 73 60
Interest 4 5 2 3 3 2 3 2 2 0 1 1 1
Depreciation 16 16 8 12 16 10 10 10 12 8 10 15 24
Profit before tax 158 132 155 213 152 187 183 213 195 209 245 234 221
Tax % 27% 23% 27% 16% 23% 18% 20% 19% 22% 22% 19% 22% 22%
114 101 113 179 116 153 147 172 153 162 199 184 172
EPS in Rs 5.05 4.46 4.98 7.88 5.12 6.75 6.46 7.56 6.72 7.13 8.76 8.06 7.57
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
1,080 1,245 1,272 1,286 1,370 1,370 1,362 1,629 1,823 2,019 2,226 2,739 3,016
813 937 1,006 1,034 1,070 1,052 951 1,214 1,478 1,493 1,735 2,136 2,327
Operating Profit 267 308 267 252 300 318 410 415 345 526 491 603 689
OPM % 25% 25% 21% 20% 22% 23% 30% 25% 19% 26% 22% 22% 23%
21 53 22 63 85 91 74 134 152 173 303 304 280
Interest 1 2 2 12 9 23 22 30 18 15 11 5 4
Depreciation 33 35 34 46 43 81 89 88 76 56 49 39 56
Profit before tax 253 324 253 257 334 304 373 431 403 628 734 862 910
Tax % 28% 27% 29% 25% 23% 24% 22% 25% 24% 24% 19% 20%
183 238 180 193 258 231 290 321 308 477 595 686 717
EPS in Rs 8.26 10.67 8.03 8.56 11.46 10.25 12.84 14.20 13.62 21.05 26.19 30.15 31.52
Dividend Payout % 27% 22% 30% 28% 24% 27% 28% 35% 37% 43% 50% 50%
Compounded Sales Growth
10 Years: 8%
5 Years: 15%
3 Years: 15%
TTM: 24%
Compounded Profit Growth
10 Years: 11%
5 Years: 19%
3 Years: 33%
TTM: 18%
Stock Price CAGR
10 Years: 11%
5 Years: 3%
3 Years: 3%
1 Year: -28%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 20%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 44 45 45 45 45 45 45 45 45 45 45 45 45
Reserves 726 912 1,083 1,208 1,426 1,529 1,791 2,037 2,257 2,635 3,053 3,476 3,583
3 15 18 9 6 0 219 193 164 117 77 37 33
142 147 164 291 272 505 242 284 304 341 335 612 437
Total Liabilities 916 1,118 1,310 1,554 1,749 2,078 2,297 2,559 2,770 3,139 3,510 4,169 4,098
103 105 100 210 201 457 414 390 326 254 233 222 423
CWIP 1 2 3 5 7 8 0 1 0 4 1 176 2
Investments 100 113 224 257 109 284 645 568 1,142 1,589 1,780 1,971 1,852
711 899 984 1,081 1,433 1,330 1,238 1,601 1,302 1,291 1,496 1,801 1,821
Total Assets 916 1,118 1,310 1,554 1,749 2,078 2,297 2,559 2,770 3,139 3,510 4,169 4,098

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
126 140 130 141 53 336 794 52 549 461 368 574
-81 -25 -135 -92 111 -263 -665 82 -410 -326 -162 -122
-50 -81 -22 -81 -67 -162 -78 -133 -159 -158 -232 -377
Net Cash Flow -5 34 -27 -32 96 -89 51 1 -20 -22 -26 75
Free Cash Flow 92 105 99 103 14 269 757 7 533 455 339 526
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 75% 70% 81% 82% 45% 124% 214% 36% 185% 118% 99% 120%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 153 154 171 202 233 281 176 208 144 141 126 98
Inventory Days
Days Payable
Cash Conversion Cycle 153 154 171 202 233 281 176 208 144 141 126 98
Working Capital Days 162 183 200 203 252 237 127 179 119 101 100 52
ROCE % 35% 37% 24% 22% 23% 21% 21% 21% 17% 24% 25% 26%

Insights

In beta
Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Revenue from United States (% of Revenue)
%

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Total Headcount
Number
Million Dollar Clients (1M+ LTM)
Number
Number of Active Clients
Number
Utilization (excluding Trainees)
%
Voluntary Attrition (LTM)
%
Revenue from BFSI Vertical (% of Revenue)
%
Quarterly Order Book (TCV)
USD Million

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

10 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
49.20% 49.18% 49.17% 49.14% 49.10% 49.07% 49.06% 49.03% 49.01% 49.01% 49.00% 48.99%
17.12% 16.53% 15.74% 14.84% 15.06% 14.98% 14.56% 13.30% 11.83% 10.51% 10.73% 10.21%
16.45% 17.53% 19.04% 19.05% 19.83% 19.89% 20.52% 22.24% 23.09% 23.66% 21.98% 21.71%
17.23% 16.77% 16.06% 16.98% 16.01% 16.06% 15.85% 15.43% 15.73% 16.48% 17.94% 18.81%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.34% 0.34% 0.34% 0.28%
No. of Shareholders 2,25,6572,16,9352,01,7772,17,2182,03,5922,25,5022,10,0632,01,8722,03,9642,06,1872,19,8082,38,986

* 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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