Zensar Technologies Limited (IN:ZENSARTECH)
:ZENSARTECH
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Zensar Technologies Limited
(ZENSARTECH)
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Rating:62Neutral
Price Target:
₹577.00
▼(-17.48% Downside)
Action:DowngradedDate:11/07/25
Zensar Technologies' strong financial performance is the most significant factor, reflecting robust revenue growth and efficient operations. However, technical analysis indicates bearish momentum, which negatively impacts the stock score. The valuation is moderate, with a reasonable P/E ratio and a modest dividend yield.
Positive Factors
Revenue Growth
Sustained ~7.7% revenue growth reflects expanding client engagements and successful delivery of digital transformation services. Given Zensar's mix of consulting, application development and managed services, this trend supports durable top-line expansion via renewals, cross-sell and multi-phase projects over 2–6 months and beyond.
Negative Factors
Declining Free Cash Flow
A year-over-year drop in FCF, even with strong operating cash, signals higher capex or working-capital absorption tied to growth initiatives. Persisting lower FCF could constrain discretionary investments, limit buffer for economic slowdowns, and pressure long-term dividend or buyback capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained ~7.7% revenue growth reflects expanding client engagements and successful delivery of digital transformation services. Given Zensar's mix of consulting, application development and managed services, this trend supports durable top-line expansion via renewals, cross-sell and multi-phase projects over 2–6 months and beyond.
Read all positive factors
Zensar Technologies Limited (ZENSARTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹125.66B
Dividend Yield1.75%
Average Volume (3M)52.40K
Price to Earnings (P/E)20.0
Beta (1Y)1.11
Revenue Growth9.16%
EPS Growth7.77%
CountryIN
Employees9,689
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)9.15
Shares Outstanding227,494,460
10 Day Avg. Volume71,508
30 Day Avg. Volume52,402
Financial Highlights & Ratios
PEG Ratio-10.06
Price to Book (P/B)3.89
Price to Sales (P/S)2.99
P/FCF Ratio29.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹760.00Price Target Upside8.70% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)36.15
Revenue Forecast (FY)₹62.03B
Zensar Technologies Limited Business Overview & Revenue Model
Company Description
Zensar Technologies Limited, a digital solutions and technology services company, provides information technology (IT) services and solutions in the United states, Europe, and internationally. It operates through Digital and Application Services a...
How the Company Makes Money
Zensar primarily makes money by providing IT services to business customers under service contracts that bill clients for (a) time-and-materials work, where revenue scales with the number of professionals and hours deployed, and/or (b) fixed-price...
Zensar Technologies Limited Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 54.91B | 52.81B | 49.02B | 48.48B | 42.44B | 37.81B |
| Gross Profit | 14.37B | 14.35B | 14.05B | 10.88B | 10.98B | 10.86B |
| EBITDA | 10.31B | 9.75B | 10.29B | 6.53B | 7.94B | 6.48B |
| Net Income | 7.00B | 6.50B | 6.65B | 3.28B | 4.16B | 3.00B |
Balance Sheet | ||||||
| Total Assets | 54.12B | 51.73B | 46.48B | 41.21B | 38.71B | 34.33B |
| Cash, Cash Equivalents and Short-Term Investments | 20.20B | 19.97B | 13.82B | 11.77B | 10.24B | 10.58B |
| Total Debt | 1.63B | 1.25B | 1.86B | 2.73B | 3.35B | 3.50B |
| Total Liabilities | 11.33B | 11.03B | 10.86B | 11.45B | 11.84B | 10.62B |
| Stockholders Equity | 42.79B | 40.70B | 35.62B | 29.76B | 26.87B | 23.42B |
Cash Flow | ||||||
| Free Cash Flow | 2.84B | 5.28B | 6.26B | 6.78B | 2.78B | 8.19B |
| Operating Cash Flow | 3.07B | 5.65B | 6.42B | 7.14B | 3.35B | 8.58B |
| Investing Cash Flow | 645.00M | -4.88B | -4.75B | -5.28B | -168.00M | -5.28B |
| Financing Cash Flow | -2.75B | -2.65B | -1.97B | -2.19B | -1.83B | -4.67B |
Zensar Technologies Limited Technical Analysis
Neutral
699.20
Price Trends
591.37
Negative
656.19
Negative
728.80
Negative
Market Momentum
-13.75
Negative
47.23
Neutral
53.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZENSARTECH, the sentiment is Neutral. The current price of 699.2 is above the 20-day moving average (MA) of 550.99, above the 50-day MA of 591.37, and below the 200-day MA of 728.80, indicating a neutral trend. The MACD of -13.75 indicates Negative momentum. The RSI at 47.23 is Neutral, neither overbought nor oversold. The STOCH value of 53.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ZENSARTECH.
Zensar Technologies Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹65.04B | 23.90 | ― | 2.00% | 12.39% | 59.77% | |
70 Outperform | ₹46.16B | 14.66 | ― | 1.62% | 11.91% | -1.02% | |
66 Neutral | ₹58.82B | 77.17 | ― | ― | 5.96% | 10.11% | |
62 Neutral | ₹125.66B | 19.99 | ― | 1.75% | 9.16% | 7.77% | |
62 Neutral | ₹101.91B | 25.31 | ― | 1.42% | -2.00% | -25.81% | |
62 Neutral | ₹91.19B | 118.88 | ― | 0.69% | 15.87% | 39.55% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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Zensar Technologies Limited Corporate Events
Zensar Technologies Allots ESOP Shares, Expands Equity Base
Mar 9, 2026
Zensar Technologies has announced that its Nomination and Remuneration Committee approved the allotment of 64,051 fully paid equity shares to employees upon the exercise of previously granted stock options. The move reflects the company’s on...
Zensar Publishes Q3 FY26 Earnings Call Transcript for Investors
Feb 1, 2026
Zensar Technologies Limited has notified the stock exchanges that the transcript of its Q3 FY26 earnings call, held on January 23, 2026 to discuss the company’s financial results for the quarter ended December 31, 2025, has been uploaded to ...
Zensar Posts Modest Q3 Revenue Growth but Strong Margins and Record Cash as AI-Led Order Book Builds
Jan 22, 2026
Zensar Technologies reported consolidated Q3 FY26 revenue of $160.5 million, marking 2.2% year-on-year growth in reported currency and 1.3% in constant currency, with modest sequential revenue softness but stronger performance in INR terms. Despit...
Zensar Lifts Margins and Order Book as Q3 Revenue Grows Modestly
Jan 22, 2026
Zensar Technologies reported consolidated Q3 FY26 revenue of $160.5 million, a year-on-year increase of 2.2% in reported currency and 1.3% in constant currency, with modest overall top-line growth weighed by seasonal factors and softness in some s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.