Zensar Technologies Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Digital & Application Services: 78.0% • Digital Foundation Services: 22.0%
AI Sector View
AI GENERATEDInformation Technology
IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 25.9%
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.5%
- Company has been maintaining a healthy dividend payout of 49.5%
- Stock looks reasonably valued - P/E of 14.3 is below its historical median
- Company has a consistent dividend-paying track record
CONS
- A large part of profit comes from other income (38.0% of PBT)
- Operating margins have contracted to 22.0% from 27.3%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TCS | 2209.00 | 16.05 | 799235.53 | 4.98 | 13420.00 | 4.69 | 72275.00 | 13.93 | 66.25 | 25.67 |
| INFY | 1035.00 | 13.87 | 420027.06 | 4.64 | 7775.00 | 12.29 | 48211.00 | 14.03 | 42.84 | 23.66 |
| HCLTECH | 1226.55 | 19.10 | 332844.59 | 4.40 | 4626.00 | 20.34 | 34579.00 | 13.94 | 31.20 | 19.87 |
| WIPRO | 167.50 | 12.55 | 165902.38 | 6.57 | 3356.30 | 0.59 | 24478.60 | 10.59 | 18.49 | 18.93 |
| TECHM | 1502.25 | 28.67 | 147240.59 | 3.39 | 1486.30 | 31.67 | 15711.90 | 17.68 | 23.04 | 17.43 |
| LTM | 4403.10 | 24.97 | 130605.33 | 1.70 | 1468.60 | 17.06 | 11608.00 | 17.96 | 30.25 | 17.75 |
| OFSS | 11623.00 | 29.66 | 101216.72 | 3.44 | 1415.50 | 120.52 | 3125.20 | 68.73 | 45.50 | 60.04 |
| PERSISTENT | 5390.00 | 44.21 | 85027.25 | 0.74 | 483.04 | 13.67 | 4303.23 | 29.09 | 35.09 | 16.19 |
| COFORGE | 1846.90 | 46.57 | 81813.62 | 0.86 | 531.70 | 49.19 | 5527.70 | 49.86 | 24.70 | 19.14 |
| MPHASIS | 2311.65 | 23.10 | 44125.99 | 2.68 | 489.51 | 10.82 | 4384.05 | 17.46 | 23.31 | 18.15 |
| LTTS | 3360.55 | 27.01 | 35647.89 | 1.73 | 3571.00 | 1029.71 | 29401.00 | 1014.73 | 27.70 | 18.65 |
| ZENSARTECH | 436.90 | 12.81 | 9943.00 | 3.43 | 183.80 | 0.99 | 1508.30 | 8.90 | 23.53 | 14.65 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 489 | 514 | 501 | 515 | 530 | 556 | 559 | 581 | 622 | 673 | 701 | 742 | 763 | |
| 361 | 364 | 380 | 389 | 414 | 436 | 441 | 444 | 492 | 527 | 533 | 584 | 602 | |
| Operating Profit | 128 | 150 | 122 | 126 | 115 | 120 | 118 | 138 | 130 | 147 | 169 | 158 | 161 |
| OPM % | 26.25% | 29.21% | 24.25% | 24.42% | 21.79% | 21.56% | 21.17% | 23.66% | 20.85% | 21.80% | 24.07% | 21.25% | 21.10% |
| 76 | 28 | 31 | 38 | 113 | 51 | 80 | 59 | 95 | 62 | 48 | 98 | 73 | |
| Interest | 4 | 4 | 5 | 2 | 3 | 3 | 2 | 3 | 2 | 2 | 0 | 1 | 1 |
| Depreciation | 16 | 16 | 16 | 8 | 12 | 16 | 10 | 10 | 10 | 12 | 8 | 10 | 15 |
| Profit before Tax | 184 | 158 | 132 | 155 | 213 | 152 | 187 | 183 | 213 | 195 | 209 | 245 | 234 |
| Tax % | 18.91% | 27.30% | 23.37% | 27.32% | 16.14% | 23.40% | 17.94% | 19.84% | 19.27% | 21.64% | 22.43% | 18.79% | 21.72% |
| Net Profit | 149 | 114 | 101 | 113 | 179 | 116 | 153 | 147 | 172 | 153 | 162 | 199 | 184 |
| 6.57 | 5.05 | 4.46 | 4.98 | 7.88 | 5.13 | 6.76 | 6.46 | 7.57 | 6.73 | 7.14 | 8.79 | 8.09 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,272 | 1,286 | 1,370 | 1,370 | 1,362 | 1,629 | 1,823 | 2,019 | 2,226 | 2,739 | 2,880 | |
| 1,022 | 1,051 | 1,108 | 1,082 | 986 | 1,224 | 1,480 | 1,500 | 1,769 | 2,136 | 2,246 | |
| Operating Profit | 251 | 235 | 262 | 288 | 376 | 405 | 344 | 519 | 457 | 603 | 634 |
| OPM % | 19.72% | 18.24% | 19.14% | 21.04% | 27.57% | 24.84% | 18.85% | 25.72% | 20.54% | 22.01% | 22.02% |
| 38 | 80 | 123 | 120 | 109 | 144 | 153 | 179 | 337 | 304 | 282 | |
| Interest | 2 | 12 | 9 | 23 | 22 | 30 | 18 | 15 | 11 | 5 | 5 |
| Depreciation | 34 | 46 | 43 | 81 | 89 | 88 | 76 | 56 | 49 | 39 | 44 |
| Profit before Tax | 253 | 257 | 334 | 304 | 373 | 431 | 403 | 628 | 734 | 862 | 884 |
| Tax % | 28.76% | 25.00% | 22.64% | 24.02% | 22.40% | 25.43% | 23.55% | 24.03% | 19.02% | 20.44% | 21.06% |
| Net Profit | 180 | 193 | 258 | 231 | 290 | 321 | 308 | 477 | 595 | 686 | 698 |
| EPS | 39.72 | 8.48 | 11.27 | 10.12 | 12.73 | 14.09 | 13.55 | 21.06 | 26.20 | 30.29 | — |
| Dividend Payout % | 29.88% | 28.03% | 24.44% | 27.32% | 28.03% | 35.19% | 36.72% | 42.74% | 49.61% | 49.53% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 15%
- 3 Years:
- 15%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 11%
- 5 Years:
- 19%
- 3 Years:
- 31%
STOCK PRICE CAGR
- 10 Years:
- 8%
- 5 Years:
- -2%
- 3 Years:
- -8%
- 1 Year:
- -48%
RETURN ON EQUITY
- 10 Years:
- 18%
- 5 Years:
- 18%
- 3 Years:
- 21%
- Last Year:
- 21%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
| 1,065 | 1,194 | 1,397 | 1,495 | 1,776 | 2,014 | 2,237 | 2,600 | 3,000 | 3,344 | |
| 20 | 69 | 10 | 194 | 172 | 147 | 122 | 85 | 54 | 26 | |
| Trade Payables | 54 | 90 | 87 | 81 | 92 | 111 | 72 | 81 | 66 | 89 |
| 112 | 125 | 176 | 237 | 188 | 228 | 281 | 318 | 345 | 666 | |
| Total Liabilities | 1,295 | 1,523 | 1,715 | 2,051 | 2,272 | 2,545 | 2,758 | 3,129 | 3,510 | 4,169 |
| 100 | 210 | 201 | 457 | 414 | 390 | 326 | 254 | 233 | 222 | |
| Capital Work in Progress | 1 | 2 | 0 | 0 | 0 | 1 | 0 | 4 | 1 | 1 |
| 224 | 257 | 109 | 284 | 645 | 568 | 1,142 | 1,589 | 1,780 | 1,971 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 778 | 766 | 734 | |
| Cash & Bank | 61 | 46 | 130 | 60 | 427 | 433 | 310 | 246 | 460 | 580 |
| 910 | 1,009 | 1,274 | 1,250 | 786 | 1,153 | 980 | 257 | 270 | 662 | |
| Total Assets | 1,295 | 1,523 | 1,715 | 2,051 | 2,272 | 2,545 | 2,758 | 3,129 | 3,510 | 4,169 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 216 | 207 | 135 | 393 | 877 | 149 | 639 | 461 | 368 | 574 | |
| Cash from Investing | -124 | -92 | 112 | -263 | -665 | 82 | -410 | -326 | -162 | -124 |
| Cash from Financing | -22 | -81 | -67 | -162 | -78 | -133 | -159 | -158 | -232 | -377 |
| -16 | -32 | 98 | -89 | 51 | 1 | -20 | -22 | -26 | 73 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-31 - Zensar Technologies Limited has informed the Exchange about Credit Rating- New
2026-08-24 - Zensar Technologies Limited has informed the Exchange about Options to purchase securities
2026-08-14 - Zensar Technologies Limited has informed the Exchange about the merger of M3BI LLC with Zensar Technologies Inc.
2026-08-10 - Zensar Technologies Limited has informed the Exchange about Schedule of meet
2026-08-10 - Zensar Technologies Limited has informed the Exchange about Schedule of meet
2026-08-08 - Zensar Technologies Limited has informed the Exchange about Credit Rating
2026-08-08 - Zensar Technologies Limited has informed the Exchange about Copy of Newspaper Publication in respect to a special window opened for lodgementof transfer and dematerialization ( demat ) request(s)
2026-08-05 - Zensar Technologies Limited has informed the Exchange about Transcript
2026-07-31 - Zensar Technologies Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 30, 2026. Further, the company has informed the Exchange regarding voting results.
News
Recent coverage and analyst commentary for ZENSARTECH
Loading news…
AI Stock Analyst
Zensar Technologies Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account

