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Zensar Technologies Limited
(ZENSARTECH)
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Rating:76Outperform
Price Target:
₹484.00
▼(-4.32% Downside)
Action:Reiterated
Date:07/11/26
The score is primarily supported by strong financial performance (low leverage, rising equity, and solid cash flow with a large 2026 free-cash-flow rebound). Valuation is also constructive with a mid-teens P/E and a ~2.64% dividend yield. These positives are partially offset by mixed technicals, where the stock is still below longer-term moving averages and MACD remains negative.
Positive Factors
Conservative balance sheet
Debt has fallen substantially while equity has compounded, leaving the company with very low leverage. This strengthens resilience, reduces financing strain, and preserves capacity to invest in delivery capabilities through the business cycle.
Negative Factors
Modest recent revenue growth
Although revenue has increased over several years, the latest annual growth rate is modest. Slower expansion can limit operating leverage, reduce the pace of earnings compounding, and make sustained improvement more dependent on winning larger or higher-value engagements.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Debt has fallen substantially while equity has compounded, leaving the company with very low leverage. This strengthens resilience, reduces financing strain, and preserves capacity to invest in delivery capabilities through the business cycle.
Read all positive factors
Zensar Technologies Limited (ZENSARTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹99.42B
Dividend Yield3.51%
Average Volume (3M)78.73K
Price to Earnings (P/E)12.5
Beta (1Y)1.02
Revenue Growth8.06%
EPS Growth15.25%
CountryIN
Employees10,779
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)34.21
Shares Outstanding227,555,020
10 Day Avg. Volume42,509
30 Day Avg. Volume78,735
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)34.25
Revenue Forecast (FY)₹62.29B
Zensar Technologies Limited Business Overview & Revenue Model
Company Description
Zensar Technologies Limited is a leading firm specializing in digital solutions and technology services, providing comprehensive information technology (IT) offerings across the United States, Europe, and other global markets. Its operations are s...
How the Company Makes Money
Zensar primarily makes money by delivering IT services to enterprise clients under commercial contracts, earning revenue mainly from (1) time-and-materials (T&M) billing, where it charges clients based on billed hours/days of consultants and engin...
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 | 58.11B | 56.87B | 52.81B | 49.02B | 48.48B | 42.44B |
| Gross Profit | 12.40B | 12.79B | 14.35B | 14.05B | 10.88B | 10.98B |
| EBITDA | 10.79B | 11.25B | 9.75B | 10.29B | 6.53B | 7.94B |
| Net Income | 7.76B | 7.75B | 6.50B | 6.65B | 3.28B | 4.16B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 60.84B | 51.73B | 46.48B | 41.21B | 38.71B |
| Cash, Cash Equivalents and Short-Term Investments | 25.87B | 25.91B | 19.97B | 13.82B | 11.77B | 10.24B |
| Total Debt | 0.00 | 793.00M | 1.25B | 1.86B | 2.73B | 3.35B |
| Total Liabilities | -47.19B | 13.64B | 11.03B | 10.86B | 11.45B | 11.84B |
| Stockholders Equity | 47.19B | 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
Negative
505.85
Price Trends
487.87
Negative
483.38
Negative
555.39
Negative
Market Momentum
-13.42
Positive
28.91
Positive
4.32
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZENSARTECH, the sentiment is Negative. The current price of 505.85 is above the 20-day moving average (MA) of 467.76, above the 50-day MA of 487.87, and below the 200-day MA of 555.39, indicating a bearish trend. The MACD of -13.42 indicates Positive momentum. The RSI at 28.91 is Positive, neither overbought nor oversold. The STOCH value of 4.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ZENSARTECH.
Zensar Technologies Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹50.40B | 11.94 | ― | 1.49% | 6.64% | 5.07% | |
76 Outperform | ₹99.42B | 12.49 | ― | 3.51% | 8.06% | 15.25% | |
75 Outperform | ₹850.27B | 44.81 | ― | 0.33% | 25.39% | 25.32% | |
73 Outperform | ₹818.03B | 37.22 | ― | 0.65% | 34.67% | 65.26% | |
70 Outperform | ₹74.92B | 15.57 | ― | 3.04% | 3.97% | 8.32% | |
67 Neutral | ₹77.55B | 13.48 | ― | 2.36% | 1.35% | 20.25% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:ZENSARTECH
Zensar Technologies Limited
427.55
-367.39
-46.22%
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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.