Zensar Technologies Ltd

Zensar Technologies Ltd

₹ 581 1.65%
24 Apr 4:11 p.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

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 13,181 Cr.
  • Current Price 581
  • High / Low 646 / 268
  • Stock P/E 21.6
  • Book Value 144
  • Dividend Yield 0.86 %
  • ROCE 14.5 %
  • ROE 11.2 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 29.6%

Cons

  • The company has delivered a poor sales growth of 9.30% over past five years.
  • Company has a low return on equity of 14.0% over last 3 years.

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
934 876 937 1,051 1,102 1,154 1,203 1,235 1,198 1,213 1,227 1,241 1,204
749 704 764 889 944 990 1,067 1,129 1,063 1,037 997 1,010 996
Operating Profit 185 172 173 161 158 164 136 105 135 176 230 231 208
OPM % 20% 20% 18% 15% 14% 14% 11% 9% 11% 14% 19% 19% 17%
45 6 18 23 24 72 21 28 26 27 28 36 42
Interest 13 12 9 9 9 9 6 8 8 6 6 6 6
Depreciation 43 44 43 47 47 48 49 49 50 35 42 37 31
Profit before tax 175 122 140 129 126 180 102 77 104 162 210 225 212
Tax % 20% 25% 26% 26% 27% 27% 26% 26% 26% 26% 26% 23% 24%
139 91 103 96 92 131 75 57 76 119 156 174 162
EPS in Rs 6.12 3.91 4.48 4.18 4.02 5.74 3.32 2.51 3.38 5.27 6.90 7.68 7.14
Raw PDF
Upcoming result date: tomorrow

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,794 2,129 2,335 2,656 2,952 3,056 3,108 3,966 4,182 3,781 4,244 4,848 4,885
1,545 1,828 1,977 2,264 2,513 2,674 2,743 3,487 3,675 3,097 3,587 4,296 4,040
Operating Profit 249 300 358 392 439 382 365 479 507 685 656 552 844
OPM % 14% 14% 15% 15% 15% 12% 12% 12% 12% 18% 15% 11% 17%
30 3 30 27 54 24 74 93 88 -24 138 103 134
Interest 9 10 10 11 11 9 23 37 61 54 35 28 24
Depreciation 33 33 38 42 65 49 65 89 159 175 185 183 145
Profit before tax 236 261 340 366 417 349 352 445 376 433 574 444 809
Tax % 33% 33% 30% 28% 30% 32% 30% 28% 28% 29% 27% 26%
159 175 238 265 292 238 246 319 272 307 422 328 611
EPS in Rs 7.31 8.01 10.86 11.94 12.97 10.47 10.74 13.93 11.69 13.30 18.40 14.47 26.99
Dividend Payout % 19% 20% 18% 18% 18% 23% 22% 20% 24% 27% 27% 35%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 5%
TTM: 2%
Compounded Profit Growth
10 Years: 6%
5 Years: 6%
3 Years: 8%
TTM: 81%
Stock Price CAGR
10 Years: 23%
5 Years: 20%
3 Years: 29%
1 Year: 117%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 14%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 43 44 44 44 45 45 45 45 45 45 45 45 45
Reserves 533 685 902 1,113 1,220 1,427 1,624 1,897 2,045 2,297 2,642 2,931 3,207
248 200 170 176 149 134 9 300 332 350 335 273 243
402 328 370 402 455 500 618 847 1,174 742 817 872 906
Total Liabilities 1,226 1,257 1,486 1,734 1,869 2,106 2,296 3,090 3,596 3,433 3,840 4,121 4,401
378 397 422 547 386 447 592 950 1,323 1,133 1,254 1,174 1,107
CWIP 3 2 2 1 2 3 6 12 11 0 1 0 0
Investments 48 42 149 94 134 243 275 115 278 517 324 899 1,013
797 815 914 1,092 1,347 1,413 1,424 2,013 1,983 1,783 2,260 2,049 2,282
Total Assets 1,226 1,257 1,486 1,734 1,869 2,106 2,296 3,090 3,596 3,433 3,840 4,121 4,401

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
174 106 209 321 255 304 206 156 686 858 336 714
-45 -25 -128 -182 -41 -204 -142 -229 -315 -530 3 -527
-64 -114 -77 -87 -129 -50 -204 201 -197 -467 -183 -219
Net Cash Flow 64 -33 4 51 85 50 -140 128 175 -139 156 -31

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 59 58 56 62 67 64 75 81 58 57 69 55
Inventory Days 199 198 272 266 304
Days Payable 280 200 300 283 400
Cash Conversion Cycle -22 56 28 45 -29 64 75 81 58 57 69 55
Working Capital Days 30 45 47 55 74 65 70 71 40 28 44 27
ROCE % 33% 31% 34% 30% 31% 24% 23% 23% 18% 21% 21% 15%

Shareholding Pattern

Numbers in percentages

2 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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