Zensar Technologies Limited (IN:ZENSARTECH)
:ZENSARTECH
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Zensar Technologies Limited
(ZENSARTECH)
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Rating:73Outperform
Price Target:
₹598.00
▼(-14.47% Downside)
Action:UpgradedDate:04/25/26
The score is primarily supported by strong financial performance (low leverage, improving profitability, and solid free cash flow) and a reasonable valuation (mid-teens P/E with a ~2.5% yield). These positives are tempered by weak technicals, as the stock is trading below all major moving averages with soft momentum indicators.
Positive Factors
Conservative Balance Sheet
Very low and declining debt alongside strong equity compounding provides durable financial flexibility. This supports capital allocation for growth, cushions cyclical IT demand, enables strategic investments or tuck-in M&A and reduces refinancing risk over the next several quarters.
Negative Factors
Margin Volatility
Declining gross profit despite higher revenue signals structural margin headwinds—cost inflation, pricing pressure or adverse mix. Persistent margin volatility can erode operating leverage, constrain reinvestment capacity and make medium-term profit forecasting less reliable.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low and declining debt alongside strong equity compounding provides durable financial flexibility. This supports capital allocation for growth, cushions cyclical IT demand, enables strategic investments or tuck-in M&A and reduces refinancing risk over the next several quarters.
Read all positive factors
Zensar Technologies Limited (ZENSARTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹122.05B
Dividend Yield1.75%
Average Volume (3M)52.40K
Price to Earnings (P/E)14.5
Beta (1Y)1.10
Revenue Growth7.70%
EPS Growth19.18%
CountryIN
Employees9,689
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)9.20
Shares Outstanding227,494,460
10 Day Avg. Volume71,508
30 Day Avg. Volume52,402
Financial Highlights & Ratios
PEG Ratio0.83
Price to Book (P/B)2.59
Price to Sales (P/S)2.15
P/FCF Ratio17.04
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)35.99
Revenue Forecast (FY)₹62.01B
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 under client contracts, earning revenue for delivering technology work such as building and maintaining applications, implementing and managing cloud/infrastructure environments, performing tes...
Zensar Technologies Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 54.91B | 56.87B | 52.81B | 49.02B | 48.48B | 42.44B |
| Gross Profit | 14.37B | 12.79B | 14.35B | 14.05B | 10.88B | 10.98B |
| EBITDA | 10.31B | 11.25B | 9.75B | 10.29B | 6.53B | 7.94B |
| Net Income | 7.00B | 7.75B | 6.50B | 6.65B | 3.28B | 4.16B |
Balance Sheet | ||||||
| Total Assets | 54.12B | 60.84B | 51.73B | 46.48B | 41.21B | 38.71B |
| Cash, Cash Equivalents and Short-Term Investments | 20.20B | 29.63B | 19.97B | 13.82B | 11.77B | 10.24B |
| Total Debt | 1.63B | 793.00M | 1.25B | 1.86B | 2.73B | 3.35B |
| Total Liabilities | 11.33B | 13.64B | 11.03B | 10.86B | 11.45B | 11.84B |
| Stockholders Equity | 42.79B | 47.19B | 40.70B | 35.62B | 29.76B | 26.87B |
Cash Flow | ||||||
| Free Cash Flow | 2.84B | 7.17B | 5.28B | 6.26B | 6.78B | 2.78B |
| Operating Cash Flow | 3.07B | 7.71B | 5.65B | 6.42B | 7.14B | 3.35B |
| Investing Cash Flow | 645.00M | -2.41B | -4.88B | -4.75B | -5.28B | -168.00M |
| Financing Cash Flow | -2.75B | -4.01B | -2.65B | -1.97B | -2.19B | -1.83B |
Zensar Technologies Limited Technical Analysis
Neutral
699.20
Price Trends
571.69
Positive
643.77
Negative
717.66
Negative
Market Momentum
1.33
Negative
64.53
Neutral
90.63
Negative
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 554.10, above the 50-day MA of 571.69, and below the 200-day MA of 717.66, indicating a neutral trend. The MACD of 1.33 indicates Negative momentum. The RSI at 64.53 is Neutral, neither overbought nor oversold. The STOCH value of 90.63 is Negative, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹122.05B | 14.48 | ― | 1.75% | 7.70% | 19.18% | |
73 Outperform | ₹52.60B | 10.29 | ― | 1.62% | 7.55% | 7.12% | |
72 Outperform | ₹72.07B | 23.90 | ― | 2.00% | 10.80% | 3.25% | |
66 Neutral | ₹69.25B | 77.17 | ― | ― | 27.70% | -12.31% | |
62 Neutral | ₹103.04B | 25.31 | ― | 1.42% | -2.63% | -19.70% | |
62 Neutral | ₹96.20B | 118.88 | ― | 0.69% | 22.17% | 32.02% | |
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 Posts Q4 FY26 Earnings Call Audio for Investors
Apr 25, 2026
Zensar Technologies has notified the stock exchanges that the audio recording of its Q4 FY26 earnings call, held on April 24, 2026, is now available on the company’s website. The call covered the financial results for the quarter and year en...
Zensar Board Clears FY26 Results, Proposes 630% Final Dividend and Updates Insider Trading Code
Apr 24, 2026
Zensar Technologies’ board has approved the audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026, with the auditors issuing an unmodified opinion. The company will also convene its 63rd ann...
Zensar Technologies Clears FY26 Results, Proposes 630% Final Dividend
Apr 24, 2026
Zensar Technologies’ board has approved the audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026, with the auditors issuing an unmodified opinion, signaling clean financial reporting and op...
Zensar Technologies to Appoint Price Waterhouse as New Statutory Auditor from 2027
Apr 24, 2026
Zensar Technologies has announced that its board, following the audit committee’s recommendation, has approved the appointment of Price Waterhouse Chartered Accountants LLP as the company’s statutory auditor for a five-year term starti...
Zensar Technologies Plans Transition to Price Waterhouse as Statutory Auditor
Apr 24, 2026
Zensar Technologies has announced a planned change in its statutory auditors, with the board approving the appointment of M/s Price Waterhouse Chartered Accountants LLP for a five-year term from the conclusion of the 64th Annual General Meeting, s...
Zensar posts modest FY26 revenue growth amid record order book and strong cash
Apr 24, 2026
Zensar Technologies reported full-year FY26 revenue of $643.7 million, representing 3.1% year-on-year growth in reported currency and 1.7% in constant currency, with stronger 7.7% growth in rupee terms. The company ended the year with robust profi...
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 ...
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.