Zensar Technologies Ltd.

•

₹ 483.55-0.29%

2026-08-21

zensar.comBSE: 504067NSE: ZENSARTECH

Market Cap₹ 11,028 Cr.

Current Price₹ 484

High / Low₹ 869 / 423

Stock P/E0.0

Book Value₹ 157

Price to Book3.44

Dividend Yield3.10 %

ROCE26.2 %

ROE21.3 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Digital & Application Services: 78.0% • Digital Foundation Services: 22.0%

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 17.0 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

EDIT COLUMNS

Information TechnologyITIT - Software

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	TCS	2292.55	16.66	829464.65	4.80	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1130.20	15.14	458641.56	4.25	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1319.95	20.56	358190.22	4.09	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	180.65	13.54	178919.77	6.09	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1592.00	30.38	156037.29	3.20	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4540.90	25.75	134692.78	1.65	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11862.05	30.27	103298.44	3.37	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5679.95	46.59	89601.21	0.70	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1880.00	47.40	83269.05	0.84	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2427.50	24.25	46335.33	2.55	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3578.45	28.76	37959.32	1.62	3571.00	1029.71	29401.00	1014.73	27.70	18.65
12.	ZENSARTECH	484.65	14.20	11028.45	3.10	183.80	0.99	1508.30	8.90	23.53	14.65

Detailed Comparison with:

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	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	76	28	31	38	113	51	80	59	95	62	72	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
	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
	7	5	4	5	8	5	7	6	8	7	7	9	1
Equity Capital	45	45	45	45	45	45	45	45	45	46	45	45	45
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	45	45	45	45	45	45	45	45	45	46	45	45	45
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 489
: 361
Operating Profit: —
OPM %: —
Other Income: 76
Interest: 4
Depreciation: 16
: 184
Tax %: 18.91%
Net Profit: 149
: 7
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 514
: 364
Operating Profit: —
OPM %: —
Other Income: 28
Interest: 4
Depreciation: 16
: 158
Tax %: 27.30%
Net Profit: 114
: 5
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 501
: 380
Operating Profit: —
OPM %: —
Other Income: 31
Interest: 5
Depreciation: 16
: 132
Tax %: 23.37%
Net Profit: 101
: 4
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 515
: 389
Operating Profit: —
OPM %: —
Other Income: 38
Interest: 2
Depreciation: 8
: 155
Tax %: 27.32%
Net Profit: 113
: 5
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 530
: 414
Operating Profit: —
OPM %: —
Other Income: 113
Interest: 3
Depreciation: 12
: 213
Tax %: 16.14%
Net Profit: 179
: 8
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 556
: 436
Operating Profit: —
OPM %: —
Other Income: 51
Interest: 3
Depreciation: 16
: 152
Tax %: 23.40%
Net Profit: 116
: 5
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 559
: 441
Operating Profit: —
OPM %: —
Other Income: 80
Interest: 2
Depreciation: 10
: 187
Tax %: 17.94%
Net Profit: 153
: 7
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 581
: 444
Operating Profit: —
OPM %: —
Other Income: 59
Interest: 3
Depreciation: 10
: 183
Tax %: 19.84%
Net Profit: 147
: 6
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 622
: 492
Operating Profit: —
OPM %: —
Other Income: 95
Interest: 2
Depreciation: 10
: 213
Tax %: 19.27%
Net Profit: 172
: 8
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 673
: 527
Operating Profit: —
OPM %: —
Other Income: 62
Interest: 2
Depreciation: 12
: 195
Tax %: 21.64%
Net Profit: 153
: 7
Equity Capital: 46
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 46
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 701
: 533
Operating Profit: —
OPM %: —
Other Income: 72
Interest: 0
Depreciation: 8
: 209
Tax %: 22.43%
Net Profit: 162
: 7
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 742
: 584
Operating Profit: —
OPM %: —
Other Income: 98
Interest: 1
Depreciation: 10
: 245
Tax %: 18.79%
Net Profit: 199
: 9
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 763
: 602
Operating Profit: —
OPM %: —
Other Income: 73
Interest: 1
Depreciation: 15
: 234
Tax %: 21.72%
Net Profit: 184
: 1
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 45
Reserves: 0
Promoter Pledge %: 0.00%

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	289	315	385	409	484	549	497	698	794	930	—
OPM %	23	24	28	30	36	34	27	35	36	34	—
Other Income	38	80	123	120	109	144	153	179	337	327	306
Interest	2	12	9	23	22	30	18	15	11	5	5
Depreciation	34	46	43	81	89	88	76	56	49	39	44
	253	257	334	304	373	431	403	628	734	862	884
Tax %	29	25	23	24	22	25	24	24	19	20	21
Net Profit	180	193	258	231	290	321	308	477	595	686	698
EPS	40	8	11	10	13	14	14	21	26	30	—
Dividend Payout %	30	28	24	27	28	35	37	43	50	50	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	8	9	11	10	13	14	14	21	26	30	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	8	9	11	10	13	14	14	21	26	30	—

Mar 2017

: 1,272
: 1,022
Operating Profit: 289
OPM %: 23
Other Income: 38
Interest: 2
Depreciation: 34
: 253
Tax %: 29
Net Profit: 180
EPS: 40
Dividend Payout %: 30
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2018

: 1,286
: 1,051
Operating Profit: 315
OPM %: 24
Other Income: 80
Interest: 12
Depreciation: 46
: 257
Tax %: 25
Net Profit: 193
EPS: 8
Dividend Payout %: 28
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9

Mar 2019

: 1,370
: 1,108
Operating Profit: 385
OPM %: 28
Other Income: 123
Interest: 9
Depreciation: 43
: 334
Tax %: 23
Net Profit: 258
EPS: 11
Dividend Payout %: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 11
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 11

Mar 2020

: 1,370
: 1,082
Operating Profit: 409
OPM %: 30
Other Income: 120
Interest: 23
Depreciation: 81
: 304
Tax %: 24
Net Profit: 231
EPS: 10
Dividend Payout %: 27
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10

Mar 2021

: 1,362
: 986
Operating Profit: 484
OPM %: 36
Other Income: 109
Interest: 22
Depreciation: 89
: 373
Tax %: 22
Net Profit: 290
EPS: 13
Dividend Payout %: 28
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13

Mar 2022

: 1,629
: 1,224
Operating Profit: 549
OPM %: 34
Other Income: 144
Interest: 30
Depreciation: 88
: 431
Tax %: 25
Net Profit: 321
EPS: 14
Dividend Payout %: 35
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

Mar 2023

: 1,823
: 1,480
Operating Profit: 497
OPM %: 27
Other Income: 153
Interest: 18
Depreciation: 76
: 403
Tax %: 24
Net Profit: 308
EPS: 14
Dividend Payout %: 37
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

Mar 2024

: 2,019
: 1,500
Operating Profit: 698
OPM %: 35
Other Income: 179
Interest: 15
Depreciation: 56
: 628
Tax %: 24
Net Profit: 477
EPS: 21
Dividend Payout %: 43
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21

Mar 2025

: 2,226
: 1,769
Operating Profit: 794
OPM %: 36
Other Income: 337
Interest: 11
Depreciation: 49
: 734
Tax %: 19
Net Profit: 595
EPS: 26
Dividend Payout %: 50
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 26
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 26

Mar 2026

: 2,739
: 2,136
Operating Profit: 930
OPM %: 34
Other Income: 327
Interest: 5
Depreciation: 39
: 862
Tax %: 20
Net Profit: 686
EPS: 30
Dividend Payout %: 50
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 30
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 30

TTM

: 2,880
: 2,246
Operating Profit: —
OPM %: —
Other Income: 306
Interest: 5
Depreciation: 44
: 884
Tax %: 21
Net Profit: 698
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

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:: -2%
1 Year:: -40%

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
LIABILITIES	-	-	-	-	-	-	-	-	-	-
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
	18	3	3	0	0	0	0	0	0	0
Trade Payables	54	90	87	81	92	111	72	81	66	89
	114	190	183	430	360	374	404	403	399	691
Total Liabilities	1,295	1,523	1,715	2,051	2,272	2,545	2,758	3,129	3,510	4,169
ASSETS	-	-	-	-	-	-	-	-	-	-
	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
Total Debt	18	9	6	0	0	0	0	0	0	0
Net Working Capital	904	893	1,122	1,216	1,265	1,396	1,357	1,396	2,146	2,433
Contingent Liabilities	220	68	311	291	47	47	50	32	34	36
Book Value per Share	247.34	275.49	64.05	68.31	80.75	91.12	100.75	116.78	134.14	149.62
Face Value	10.00	10.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	18	9	6	0	0	0	0	0	0	0
Net Working Capital	904	893	1,122	1,216	1,265	1,396	1,357	1,396	2,146	2,433
Contingent Liabilities	220	68	311	291	47	47	50	32	34	36
Book Value per Share	247.34	275.49	64.05	68.31	80.75	91.12	100.75	116.78	134.14	149.62
Face Value	10.00	10.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Mar 2017

Equity Capital: 45
: 1,065
: 18
Trade Payables: 54
: 114
Total Liabilities: 1,295
: 100
Capital Work in Progress: 1
: 224
: 0
Cash & Bank: 61
: 910
Total Assets: 1,295
Total Debt: 18
Net Working Capital: 904
Contingent Liabilities: 220
Book Value per Share: 247.34
Face Value: 10.00
Total Debt: 18
Net Working Capital: 904
Contingent Liabilities: 220
Book Value per Share: 247.34
Face Value: 10.00

Mar 2018

Equity Capital: 45
: 1,194
: 3
Trade Payables: 90
: 190
Total Liabilities: 1,523
: 210
Capital Work in Progress: 2
: 257
: 0
Cash & Bank: 46
: 1,009
Total Assets: 1,523
Total Debt: 9
Net Working Capital: 893
Contingent Liabilities: 68
Book Value per Share: 275.49
Face Value: 10.00
Total Debt: 9
Net Working Capital: 893
Contingent Liabilities: 68
Book Value per Share: 275.49
Face Value: 10.00

Mar 2019

Equity Capital: 45
: 1,397
: 3
Trade Payables: 87
: 183
Total Liabilities: 1,715
: 201
Capital Work in Progress: 0
: 109
: 0
Cash & Bank: 130
: 1,274
Total Assets: 1,715
Total Debt: 6
Net Working Capital: 1,122
Contingent Liabilities: 311
Book Value per Share: 64.05
Face Value: 2.00
Total Debt: 6
Net Working Capital: 1,122
Contingent Liabilities: 311
Book Value per Share: 64.05
Face Value: 2.00

Mar 2020

Equity Capital: 45
: 1,495
: 0
Trade Payables: 81
: 430
Total Liabilities: 2,051
: 457
Capital Work in Progress: 0
: 284
: 0
Cash & Bank: 60
: 1,250
Total Assets: 2,051
Total Debt: 0
Net Working Capital: 1,216
Contingent Liabilities: 291
Book Value per Share: 68.31
Face Value: 2.00
Total Debt: 0
Net Working Capital: 1,216
Contingent Liabilities: 291
Book Value per Share: 68.31
Face Value: 2.00

Mar 2021

Equity Capital: 45
: 1,776
: 0
Trade Payables: 92
: 360
Total Liabilities: 2,272
: 414
Capital Work in Progress: 0
: 645
: 0
Cash & Bank: 427
: 786
Total Assets: 2,272
Total Debt: 0
Net Working Capital: 1,265
Contingent Liabilities: 47
Book Value per Share: 80.75
Face Value: 2.00
Total Debt: 0
Net Working Capital: 1,265
Contingent Liabilities: 47
Book Value per Share: 80.75
Face Value: 2.00

Mar 2022

Equity Capital: 45
: 2,014
: 0
Trade Payables: 111
: 374
Total Liabilities: 2,545
: 390
Capital Work in Progress: 1
: 568
: 0
Cash & Bank: 433
: 1,153
Total Assets: 2,545
Total Debt: 0
Net Working Capital: 1,396
Contingent Liabilities: 47
Book Value per Share: 91.12
Face Value: 2.00
Total Debt: 0
Net Working Capital: 1,396
Contingent Liabilities: 47
Book Value per Share: 91.12
Face Value: 2.00

Mar 2023

Equity Capital: 45
: 2,237
: 0
Trade Payables: 72
: 404
Total Liabilities: 2,758
: 326
Capital Work in Progress: 0
: 1,142
: 0
Cash & Bank: 310
: 980
Total Assets: 2,758
Total Debt: 0
Net Working Capital: 1,357
Contingent Liabilities: 50
Book Value per Share: 100.75
Face Value: 2.00
Total Debt: 0
Net Working Capital: 1,357
Contingent Liabilities: 50
Book Value per Share: 100.75
Face Value: 2.00

Mar 2024

Equity Capital: 45
: 2,600
: 0
Trade Payables: 81
: 403
Total Liabilities: 3,129
: 254
Capital Work in Progress: 4
: 1,589
: 778
Cash & Bank: 246
: 257
Total Assets: 3,129
Total Debt: 0
Net Working Capital: 1,396
Contingent Liabilities: 32
Book Value per Share: 116.78
Face Value: 2.00
Total Debt: 0
Net Working Capital: 1,396
Contingent Liabilities: 32
Book Value per Share: 116.78
Face Value: 2.00

Mar 2025

Equity Capital: 45
: 3,000
: 0
Trade Payables: 66
: 399
Total Liabilities: 3,510
: 233
Capital Work in Progress: 1
: 1,780
: 766
Cash & Bank: 460
: 270
Total Assets: 3,510
Total Debt: 0
Net Working Capital: 2,146
Contingent Liabilities: 34
Book Value per Share: 134.14
Face Value: 2.00
Total Debt: 0
Net Working Capital: 2,146
Contingent Liabilities: 34
Book Value per Share: 134.14
Face Value: 2.00

Mar 2026

Equity Capital: 45
: 3,344
: 0
Trade Payables: 89
: 691
Total Liabilities: 4,169
: 222
Capital Work in Progress: 1
: 1,971
: 734
Cash & Bank: 580
: 662
Total Assets: 4,169
Total Debt: 0
Net Working Capital: 2,433
Contingent Liabilities: 36
Book Value per Share: 149.62
Face Value: 2.00
Total Debt: 0
Net Working Capital: 2,433
Contingent Liabilities: 36
Book Value per Share: 149.62
Face Value: 2.00

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
	130	141	53	336	794	52	549	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
Free Cash Flow	101	-17	53	44	787	43	523	461	368	574
OCF / Net Profit	0.72	0.73	0.20	1.46	2.74	0.16	1.78	0.97	0.62	0.84
Cumulative 5-Year FCF	0	0	0	0	967	909	1,449	1,858	2,181	1,968
OCF / Net Profit	0.72	0.73	0.20	1.46	2.74	0.16	1.78	0.97	0.62	0.84
Cumulative 5-Year FCF	0	0	0	0	967	909	1,449	1,858	2,181	1,968

Mar 2017

: 130
Cash from Investing: -124
Cash from Financing: -22
: -16
Free Cash Flow: 101
OCF / Net Profit: 0.72
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.72
Cumulative 5-Year FCF: 0

Mar 2018

: 141
Cash from Investing: -92
Cash from Financing: -81
: -32
Free Cash Flow: -17
OCF / Net Profit: 0.73
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.73
Cumulative 5-Year FCF: 0

Mar 2019

: 53
Cash from Investing: 112
Cash from Financing: -67
: 98
Free Cash Flow: 53
OCF / Net Profit: 0.20
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.20
Cumulative 5-Year FCF: 0

Mar 2020

: 336
Cash from Investing: -263
Cash from Financing: -162
: -89
Free Cash Flow: 44
OCF / Net Profit: 1.46
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.46
Cumulative 5-Year FCF: 0

Mar 2021

: 794
Cash from Investing: -665
Cash from Financing: -78
: 51
Free Cash Flow: 787
OCF / Net Profit: 2.74
Cumulative 5-Year FCF: 967
OCF / Net Profit: 2.74
Cumulative 5-Year FCF: 967

Mar 2022

: 52
Cash from Investing: 82
Cash from Financing: -133
: 1
Free Cash Flow: 43
OCF / Net Profit: 0.16
Cumulative 5-Year FCF: 909
OCF / Net Profit: 0.16
Cumulative 5-Year FCF: 909

Mar 2023

: 549
Cash from Investing: -410
Cash from Financing: -159
: -20
Free Cash Flow: 523
OCF / Net Profit: 1.78
Cumulative 5-Year FCF: 1,449
OCF / Net Profit: 1.78
Cumulative 5-Year FCF: 1,449

Mar 2024

: 461
Cash from Investing: -326
Cash from Financing: -158
: -22
Free Cash Flow: 461
OCF / Net Profit: 0.97
Cumulative 5-Year FCF: 1,858
OCF / Net Profit: 0.97
Cumulative 5-Year FCF: 1,858

Mar 2025

: 368
Cash from Investing: -162
Cash from Financing: -232
: -26
Free Cash Flow: 368
OCF / Net Profit: 0.62
Cumulative 5-Year FCF: 2,181
OCF / Net Profit: 0.62
Cumulative 5-Year FCF: 2,181

Mar 2026

: 574
Cash from Investing: -124
Cash from Financing: -377
: 73
Free Cash Flow: 574
OCF / Net Profit: 0.84
Cumulative 5-Year FCF: 1,968
OCF / Net Profit: 0.84
Cumulative 5-Year FCF: 1,968

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
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	40.16	42.81	11.46	10.25	12.84	14.21	13.62	21.06	26.20	30.29
Book Value (₹)	247.34	275.49	64.05	68.31	80.75	91.12	100.75	116.78	134.14	149.62
Dividend per Share (₹)	12.00	12.00	2.80	2.80	3.60	5.00	5.00	9.00	13.00	15.00
Cash EPS (₹)	9.54	10.61	13.36	13.86	16.81	18.12	16.95	23.51	28.35	32.00
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	22.68%	24.50%	28.13%	29.83%	35.57%	33.68%	27.25%	25.72%	20.54%	22.01%
Net Margin %	14.16%	14.98%	18.83%	16.86%	21.27%	19.71%	16.91%	23.62%	26.72%	25.05%
ROE %	17.52%	16.39%	19.24%	15.50%	17.24%	16.55%	14.21%	19.36%	20.91%	21.32%
ROCE %	24.05%	22.33%	25.02%	21.46%	23.17%	23.50%	19.22%	25.80%	25.80%	26.22%
	15.03%	13.66%	15.93%	12.27%	13.40%	13.33%	11.63%	16.20%	17.92%	17.87%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	161	186	211	257	229	178	165	135	127	100
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	161	186	211	257	229	178	165	135	127	100
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.02x	0.01x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	152.49x	22.15x	37.33x	14.05x	18.12x	15.50x	23.41x	42.86x	67.77x	160.67x
	6.45x	4.75x	5.34x	5.15x	5.69x	5.52x	5.20x	5.02x	7.58x	5.15x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	2.18%	1.05%	6.55%	0.02%	-0.62%	19.61%	11.94%	10.74%	10.25%	23.03%
Operating Profit Growth %	-20.12%	9.18%	22.36%	6.05%	18.50%	13.25%	-9.42%	40.55%	13.73%	17.08%
Net Profit Growth %	-24.35%	6.86%	33.97%	-10.45%	25.35%	10.88%	-3.96%	54.67%	24.70%	15.33%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	54.67%	24.42%	15.59%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	28.75x	26.76x	16.99x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	5.18x	5.23x	3.44x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.49%	1.85%	2.91%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	19.28x	19.46x	11.91x

Mar 2017

EPS (₹): 40.16
Book Value (₹): 247.34
Dividend per Share (₹): 12.00
Cash EPS (₹): 9.54
Operating Margin %: 22.68%
Net Margin %: 14.16%
ROE %: 17.52%
ROCE %: 24.05%
: 15.03%
Debtor Days: 161
Inventory Days: 0
Payable Days: 0
: 161
Debt to Equity (x): 0.02x
Interest Coverage (x): 152.49x
: 6.45x
Revenue Growth %: 2.18%
Operating Profit Growth %: -20.12%
Net Profit Growth %: -24.35%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 42.81
Book Value (₹): 275.49
Dividend per Share (₹): 12.00
Cash EPS (₹): 10.61
Operating Margin %: 24.50%
Net Margin %: 14.98%
ROE %: 16.39%
ROCE %: 22.33%
: 13.66%
Debtor Days: 186
Inventory Days: 0
Payable Days: 0
: 186
Debt to Equity (x): 0.01x
Interest Coverage (x): 22.15x
: 4.75x
Revenue Growth %: 1.05%
Operating Profit Growth %: 9.18%
Net Profit Growth %: 6.86%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 11.46
Book Value (₹): 64.05
Dividend per Share (₹): 2.80
Cash EPS (₹): 13.36
Operating Margin %: 28.13%
Net Margin %: 18.83%
ROE %: 19.24%
ROCE %: 25.02%
: 15.93%
Debtor Days: 211
Inventory Days: 0
Payable Days: 0
: 211
Debt to Equity (x): 0.00x
Interest Coverage (x): 37.33x
: 5.34x
Revenue Growth %: 6.55%
Operating Profit Growth %: 22.36%
Net Profit Growth %: 33.97%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 10.25
Book Value (₹): 68.31
Dividend per Share (₹): 2.80
Cash EPS (₹): 13.86
Operating Margin %: 29.83%
Net Margin %: 16.86%
ROE %: 15.50%
ROCE %: 21.46%
: 12.27%
Debtor Days: 257
Inventory Days: 0
Payable Days: 0
: 257
Debt to Equity (x): 0.00x
Interest Coverage (x): 14.05x
: 5.15x
Revenue Growth %: 0.02%
Operating Profit Growth %: 6.05%
Net Profit Growth %: -10.45%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 12.84
Book Value (₹): 80.75
Dividend per Share (₹): 3.60
Cash EPS (₹): 16.81
Operating Margin %: 35.57%
Net Margin %: 21.27%
ROE %: 17.24%
ROCE %: 23.17%
: 13.40%
Debtor Days: 229
Inventory Days: 0
Payable Days: 0
: 229
Debt to Equity (x): 0.00x
Interest Coverage (x): 18.12x
: 5.69x
Revenue Growth %: -0.62%
Operating Profit Growth %: 18.50%
Net Profit Growth %: 25.35%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 14.21
Book Value (₹): 91.12
Dividend per Share (₹): 5.00
Cash EPS (₹): 18.12
Operating Margin %: 33.68%
Net Margin %: 19.71%
ROE %: 16.55%
ROCE %: 23.50%
: 13.33%
Debtor Days: 178
Inventory Days: 0
Payable Days: 0
: 178
Debt to Equity (x): 0.00x
Interest Coverage (x): 15.50x
: 5.52x
Revenue Growth %: 19.61%
Operating Profit Growth %: 13.25%
Net Profit Growth %: 10.88%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 13.62
Book Value (₹): 100.75
Dividend per Share (₹): 5.00
Cash EPS (₹): 16.95
Operating Margin %: 27.25%
Net Margin %: 16.91%
ROE %: 14.21%
ROCE %: 19.22%
: 11.63%
Debtor Days: 165
Inventory Days: 0
Payable Days: 0
: 165
Debt to Equity (x): 0.00x
Interest Coverage (x): 23.41x
: 5.20x
Revenue Growth %: 11.94%
Operating Profit Growth %: -9.42%
Net Profit Growth %: -3.96%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 21.06
Book Value (₹): 116.78
Dividend per Share (₹): 9.00
Cash EPS (₹): 23.51
Operating Margin %: 25.72%
Net Margin %: 23.62%
ROE %: 19.36%
ROCE %: 25.80%
: 16.20%
Debtor Days: 135
Inventory Days: 0
Payable Days: 0
: 135
Debt to Equity (x): 0.00x
Interest Coverage (x): 42.86x
: 5.02x
Revenue Growth %: 10.74%
Operating Profit Growth %: 40.55%
Net Profit Growth %: 54.67%
: 54.67%
P/E (x): 28.75x
P/B (x): 5.18x
Dividend Yield %: 1.49%
: 19.28x

Mar 2025

EPS (₹): 26.20
Book Value (₹): 134.14
Dividend per Share (₹): 13.00
Cash EPS (₹): 28.35
Operating Margin %: 20.54%
Net Margin %: 26.72%
ROE %: 20.91%
ROCE %: 25.80%
: 17.92%
Debtor Days: 127
Inventory Days: 0
Payable Days: 0
: 127
Debt to Equity (x): 0.00x
Interest Coverage (x): 67.77x
: 7.58x
Revenue Growth %: 10.25%
Operating Profit Growth %: 13.73%
Net Profit Growth %: 24.70%
: 24.42%
P/E (x): 26.76x
P/B (x): 5.23x
Dividend Yield %: 1.85%
: 19.46x

Mar 2026

EPS (₹): 30.29
Book Value (₹): 149.62
Dividend per Share (₹): 15.00
Cash EPS (₹): 32.00
Operating Margin %: 22.01%
Net Margin %: 25.05%
ROE %: 21.32%
ROCE %: 26.22%
: 17.87%
Debtor Days: 100
Inventory Days: 0
Payable Days: 0
: 100
Debt to Equity (x): 0.00x
Interest Coverage (x): 160.67x
: 5.15x
Revenue Growth %: 23.03%
Operating Profit Growth %: 17.08%
Net Profit Growth %: 15.33%
: 15.59%
P/E (x): 16.99x
P/B (x): 3.44x
Dividend Yield %: 2.91%
: 11.91x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	49.17	49.13	49.10	49.07	49.06	49.02	49.01	49.00	48.99
	15.74	14.84	15.06	14.98	14.56	13.30	11.80	10.51	10.73
	19.04	19.05	19.83	19.89	20.52	22.24	23.12	23.66	21.98
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	16.05	16.97	16.01	16.06	15.86	15.43	16.07	16.83	18.29

Jun 2024

: 49.17
: 15.74
: 19.04
Government: 0.00
: 16.05

Sep 2024

: 49.13
: 14.84
: 19.05
Government: 0.00
: 16.97

Dec 2024

: 49.10
: 15.06
: 19.83
Government: 0.00
: 16.01

Mar 2025

: 49.07
: 14.98
: 19.89
Government: 0.00
: 16.06

Jun 2025

: 49.06
: 14.56
: 20.52
Government: 0.00
: 15.86

Sep 2025

: 49.02
: 13.30
: 22.24
Government: 0.00
: 15.43

Dec 2025

: 49.01
: 11.80
: 23.12
Government: 0.00
: 16.07

Mar 2026

: 49.00
: 10.51
: 23.66
Government: 0.00
: 16.83

Jun 2026

: 48.99
: 10.73
: 21.98
Government: 0.00
: 18.29

Documents

Announcements

General Updates
2026-08-14 - Zensar Technologies Limited has informed the Exchange about the merger of M3BI LLC with Zensar Technologies Inc.
Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-10 - Zensar Technologies Limited has informed the Exchange about Schedule of meet

Annual Reports

Credit Ratings

Credit Rating
2026-08-08 - Zensar Technologies Limited has informed the Exchange about Credit Rating
Credit Rating- Others
2026-03-31 - Zensar Technologies Limited has informed the Exchange about Credit Rating- Others
Credit Rating- Others
2026-02-18 - Zensar Technologies Limited has informed the Exchange about Credit Rating- Others

Concalls

Aug 2026
TranscriptPPTREC
Jul 2026
TranscriptPPTREC
May 2026
Transcript PPTREC