Skip to main content
Swing Capital

Zensar Technologies Ltd

NSE: ZENSARTECH BSE: 504067Banking

Zensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India. It operates in two segments: Application Management Service and Infrastructure management service. It is focused on industry verticals, such as Hitech & manufacturing, consumer services, and banking, financial services, and insurance. They have offices located in India, the USA, UK, Europe, and Africa. [1] [2]

₹487
52W: ₹470 — ₹895
PE 15.7 · Book ₹155 · +214% vs book
Market Cap₹11,068 Cr
Stock P/E15.7Price to Earnings
ROCE26.5%Return on Capital
ROE21.3%Return on Equity
Div. Yield2.67%Face Value ₹2

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has delivered good profit growth of 19.8% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 44.6%

Weaknesses

  • −Earnings include an other income of Rs.304 Cr.
  • −Working capital days have increased from 149 days to 247 days

Shareholding Pattern

Promoters49.01%
FIIs10.51%
DIIs23.66%
Public16.48%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters49.17%49.14%▼0.049.1%▼0.049.07%▼0.049.06%▼0.049.03%▼0.049.01%▼0.049.01%
FIIs15.74%14.84%▼0.915.06%▲0.214.98%▼0.114.56%▼0.413.3%▼1.311.8%▼1.510.51%▼1.3
DIIs19.04%19.05%▲0.019.83%▲0.819.89%▲0.120.52%▲0.622.24%▲1.723.12%▲0.923.66%▲0.5
Public16.06%16.98%▲0.916.01%▼1.016.06%▲0.015.85%▼0.215.43%▼0.415.71%▲0.316.48%▲0.8

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales501515530556559581622673701742
Expenses380389414436441444492527533584
Operating Profit122126115120118138130147169158
OPM %24%24%22%22%21%24%21%22%24%21%
Net Profit101113179116153147172153162199
EPS ₹4.464.987.885.126.756.467.566.727.138.76

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,739Cr, up 23% YoY. OPM at 22%.

Debt Position

Borrowings at ₹37Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1Cr (0% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 23.66% (+6.36pp change). FIIs: 10.51% (-2.08pp change). Promoters hold 49.01%.

Margin & Efficiency

ROCE declining from 35% (Mar 2015) to 26% (Mar 2026). Working capital days: 247.

Valuation

PE 15.7x with 26.5% ROCE. Price is 214% above book value of ₹155. Dividend yield: 2.67%.

Recent Announcements