Zensar Technologies Limited (ZENSARTECH) AI Stock Analysis

• Market Cap: ₹184.18B
• Dividend Yield: 1.61%
• Average Volume (3M): 25.24K
• Price to Earnings (P/E): 27.3
• Beta (1Y): 1.21
• Revenue Growth: 8.36%
• EPS Growth: 0.83%
• Country: IN
• Employees: 9,689
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 7.90
• Shares Outstanding: 227,296,000
• 10 Day Avg. Volume: 36,576
• 30 Day Avg. Volume: 25,238
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,138.33
• Price Target Upside: 40.88% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 73 Outperform
• Price Target: ₹920.00 ▲(13.86% Upside)

Zensar Technologies scores well due to its strong financial performance, characterized by robust revenue growth and efficient operations. The technical analysis indicates a stable long-term trend, though short-term momentum is bearish. Valuation metrics suggest the stock is moderately valued, with a reasonable P/E ratio and dividend yield. The absence of earnings call and corporate events data does not impact the overall score.

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 and Digital Foundation Services segments. The company also offers experience services, include product/experience research, strategy and design, experience engineering, and marketing technology services, as well as creative, content, brand, and campaign services; advanced engineering services, such as digital engineering, application transformation, and cloud strategy and assessment; data engineering and analytics services, include data engineering, artificial intelligence and machine learning, automation, and visualization and analytics; application services, such as application management, quality engineering, oracle, salesforce, and SAP; and foundation services, include digital infrastructure, workplace, experience management, operations, and security. It serves manufacturing, retail, media, banking, insurance, healthcare, and utilities industries. The company was incorporated in 1963 and is headquartered in Pune, India.

How the Company Makes Money

Zensar Technologies makes money primarily through its comprehensive suite of IT services and solutions. The company's revenue model is centered around offering digital transformation services, which include consulting, implementation, and managed services aimed at improving business processes through technology. Key revenue streams include application management, where the company provides end-to-end services for application development and maintenance, and cloud services, which involve cloud migration, management, and optimization. Additionally, Zensar generates income from its digital engineering services, which focus on data analytics and advanced engineering solutions. The company's earnings are significantly bolstered by strategic partnerships with major technology platforms and service providers, enabling them to offer cutting-edge solutions to a global clientele.

Zensar Technologies Limited Financial Statement Overview

Summary

Zensar Technologies demonstrates strong financial health with robust revenue growth and efficient operations. The company maintains a stable balance sheet with low leverage and strong equity backing. Although cash flow remains strong, there is a slight decline in free cash flow, warranting close monitoring of future capital investments.

Income Statement

Zensar Technologies has shown strong revenue growth from 2024 to 2025, with a revenue growth rate of 7.73%. The gross profit margin stands at 22.52%, indicating efficient cost management. However, the net profit margin decreased to 12.31% from 13.57% in the previous year, suggesting higher costs or expenses in the latest year. The EBIT margin improved significantly to 22.52% from 22.15%, showing increased operational efficiency.

Balance Sheet

The company maintains a healthy financial position with a low debt-to-equity ratio of 0.03, indicating low leverage. The equity ratio is high at 78.70%, demonstrating financial stability. Return on equity is strong at 15.97%, suggesting effective use of equity capital. However, the total liabilities have increased slightly, which could pose a risk if not managed properly.

Cash Flow

Operating cash flow is solid at 5.65 billion, demonstrating strong cash generation capabilities. The free cash flow to net income ratio is 0.81, indicating efficient cash conversion from profits. However, free cash flow decreased compared to the previous year, reflecting increased capital expenditures or investment activities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	52.81B	52.81B	49.02B	48.48B	42.44B	37.81B
Gross Profit	11.35B	11.89B	11.21B	8.88B	10.98B	10.86B
EBITDA	9.33B	8.17B	10.30B	6.55B	7.96B	6.47B
Net Income	6.50B	6.50B	6.65B	3.28B	4.16B	3.00B
Balance Sheet
Total Assets	51.73B	51.73B	46.48B	41.21B	38.71B	34.33B
Cash, Cash Equivalents and Short-Term Investments	19.97B	19.97B	13.82B	11.77B	10.24B	10.58B
Total Debt	1.25B	1.25B	1.86B	2.73B	3.35B	3.50B
Total Liabilities	11.03B	11.03B	10.86B	11.45B	11.84B	10.62B
Stockholders Equity	40.70B	40.70B	35.62B	29.76B	26.87B	23.42B
Cash Flow
Free Cash Flow	0.00	5.28B	6.26B	6.78B	2.78B	8.19B
Operating Cash Flow	0.00	5.65B	6.42B	7.14B	3.35B	8.58B
Investing Cash Flow	0.00	-4.88B	-4.75B	-5.28B	-168.00M	-5.28B
Financing Cash Flow	0.00	-2.65B	-1.97B	-2.19B	-1.83B	-4.67B

Zensar Technologies Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 808.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 808 is above the 20-day moving average (MA) of 803.26, above the 50-day MA of 805.45, and above the 200-day MA of 777.38, indicating a bullish trend. The MACD of 7.48 indicates Negative momentum. The RSI at 49.44 is Neutral, neither overbought nor oversold. The STOCH value of 43.52 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZENSARTECH	73 Outperform	₹184.18B	27.30		1.61%	8.36%	0.83%
RATEGAIN	72 Outperform	77.75B	36.87	12.42%	―	8.68%	23.49%
MASTEK	70 Outperform	72.73B	18.87	15.27%	1.49%	13.04%	30.69%
INTELLECT	70 Outperform	149.18B	41.74	11.95%	0.65%	4.93%	15.12%
SONATSOFTW	67 Neutral	110.11B	25.53	24.89%	0.32%	16.11%	45.45%
BSOFT	66 Neutral	103.77B	22.34	14.86%	1.74%	-0.19%	-25.97%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Zensar Technologies Limited Corporate Events

Zensar Technologies Reminds Shareholders of Special Share Transfer Window

Zensar Technologies Limited has issued a reminder to its shareholders regarding a special window for the re-lodgement of physical share transfer requests. This announcement, published in major newspapers, aligns with SEBI regulations and is part of the company’s efforts to streamline shareholder processes and ensure compliance with regulatory standards.

Zensar Technologies Increases Share Capital Through Employee Stock Options

Zensar Technologies Limited announced that its Nomination and Remuneration Committee has approved the allotment of 73,529 fully paid equity shares to employees as part of their Employee Stock Option Plans (ESOPs). This move increases the company’s issued and subscribed share capital, reflecting its commitment to employee engagement and retention, and potentially enhancing its market position by aligning employee interests with company growth.

Zensar Technologies Receives ESG Score of 71 from Crisil

Zensar Technologies Limited has received an ESG score of 71 from Crisil ESG Ratings & Analytics Limited for the fiscal year 2025. This independent assessment, based on publicly available data, reflects the company’s performance on environmental, social, and governance parameters, indicating its commitment to sustainable practices.

Zensar Technologies Expands Share Capital Through ESOP Allotment

Zensar Technologies Limited has announced the allotment of 7,755 fully paid equity shares to employees as part of their Employee Stock Option Plan (ESOP). This move increases the company’s issued and subscribed share capital, reflecting its commitment to employee incentives and potentially enhancing its market position.