MarketFriction

Zensar Technologies Ltd

NSE ZENSARTECH · BSE 504067 · Computers - Software & Consulting
₹434.35 +2.90%
NSE close2026-10-01
52 week range416.15 - 822.00
Market cap₹9,763 Cr.
P/E12.3
Nifty 500Smallcap 250 Price band 20% Delivery 23.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,2411,2041,2301,2881,3081,3261,3591,3851,4211,4311,4501,508
Expenses1,0109961,0271,0921,1071,1191,1461,1741,2011,1811,2151,287
Operating Profit231208203196201207212211220250236221
OPM %19%17%17%15%15%16%16%15%15%17%16%15%
Other Income364252424131465749386657
Interest663444544224
Depreciation373124253024242325202328
Profit before tax225212229210208210230241240265276246
Tax %23%24%24%25%25%24%23%24%24%25%24%25%
Net Profit174162173158156160176182182200211184
EPS in Rs7.687.147.656.976.867.047.778.018.018.799.268.08
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,9523,0563,1083,9664,1823,7814,2444,8484,9025,2815,6875,811
Expenses2,5132,6742,7433,4873,6753,0973,5874,2964,0304,4644,7714,884
Operating Profit439382365479507685656552872817916926
OPM %15%12%12%12%12%18%15%11%18%15%16%16%
Other Income5424749388-24138103159160209210
Interest11923376154352821171212
Depreciation654965891591751851831341029197
Profit before tax4173493524453764335744448768581,0221,027
Tax %30%32%30%28%28%29%27%26%24%24%24%
Net Profit292238246319272307422328665650775776
EPS in Rs12.9710.4710.7413.9311.6913.3018.4014.4729.3428.6134.0534.14
Dividend Payout %18%23%22%20%24%27%27%35%31%45%44%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%9%5%8%
Compounded Profit Growth10%18%34%18%
Stock Price CAGR8%-2%-6%-44%
Return on Equity16%16%18%17%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital444545454545454545454545
Reserves1,1131,2201,4271,6241,8972,0452,2972,6422,9313,5174,0244,674
Borrowings176149134930033235033527318612579
Other Liabilities4024555006188471,1747428178728999781,274
Total Liabilities1,7341,8692,1062,2963,0903,5963,4333,8404,1214,6485,1736,072
Fixed Assets5473864475929501,3231,1331,2541,1741,0341,1701,223
CWIP1236121101051176
Investments941342432751152785173248991,4081,7141,921
Other Assets1,0921,3471,4131,4242,0131,9831,7832,2602,0492,2002,2882,753
Total Assets1,7341,8692,1062,2963,0903,5963,4333,8404,1214,6485,1736,072
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity321255304206156686858336714642565771
Cash from Investing Activity-182-41-204-142-229-315-5303-527-476-473-224
Cash from Financing Activity-87-129-50-204201-197-467-183-219-197-264-401
Net Cash Flow518550-140128175-139156-31-31-172146
Free Cash Flow283212269154104608819279681627530719
CFO/OP107%82%107%85%61%158%146%74%146%100%96%105%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days626764758158576955555559
Inventory Days266304
Days Payable283400
Cash Conversion Cycle45-2964758158576955555559
Working Capital Days415649705720193621273020
ROCE %30%31%24%23%23%18%21%21%15%25%21%23%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters49.20%49.20%49.18%49.17%49.14%49.10%49.07%49.06%49.03%49.01%49.01%49.00%
FIIs16.66%17.12%16.53%15.74%14.84%15.06%14.98%14.56%13.30%11.83%10.51%10.73%
DIIs16.55%16.45%17.53%19.04%19.05%19.83%19.89%20.52%22.24%23.09%23.66%21.98%
Public17.59%17.23%16.77%16.06%16.98%16.01%16.06%15.85%15.43%15.73%16.48%17.94%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.34%0.34%0.34%
No. of Shareholders2,17,6992,25,6572,16,9352,01,7772,17,2182,03,5922,25,5022,10,0632,01,8722,03,9642,06,1872,19,808

Fundamentals

Market Cap₹ 9,763 Cr.
Current Price₹ 429
Stock P/E12.3
Book Value₹ 207
ROCE22.8 %
ROE17.3 %
Dividend Yield3.50 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)18%
Consolidated figures.
Valuation
Market capRs 9,847 Cr
Enterprise valueRs 8,995 Cr
P/E (TTM)12.68x
Price to book2.09x
Price to sales1.69x
EV / EBITDA7.92x
EV / EBIT8.65x
EV / sales1.55x
Price to cash flow12.78x
Earnings yield7.88%
Dividend yield3.45%
P/E, 3-year average20.07x
P/B, 3-year average3.41x
P/E, 5-year average19.82x
P/B, 5-year average3.08x
Profitability
Operating margin (excl. other income)16.11%
Operating margin (incl. other income)19.78%
EBITDA margin19.55%
Pre-tax margin17.68%
Net profit margin13.36%
Net margin, latest quarter12.19%
ROE17.63%
ROCE22.99%
ROA13.78%
ROE, 3-year average18.33%
ROCE, 3-year average23.55%
ROA, 3-year average14.06%
ROE, 5-year average16.62%
ROCE, 5-year average21.41%
ROA, 5-year average12.37%
ROIC (approx.)20.38%
Tax rate24.19%
Other income / net worth4.43%
Growth
Sales growth (latest year)7.70%
Profit growth (latest year)19.21%
Sales CAGR, 3 years5.47%
Sales CAGR, 5 years8.51%
Profit CAGR, 3 years33.22%
Profit CAGR, 5 years20.89%
Sales growth QoQ3.99%
Profit growth QoQ-12.73%
Sales growth YoY (latest quarter)8.90%
Profit growth YoY (latest quarter)0.99%
Per share
EPS (TTM)Rs 34.25
EPS (latest year)Rs 34.17
EPS (latest quarter)Rs 8.11
EPS, 3-year averageRs 30.71
EPS, 5-year averageRs 25.00
Book value per shareRs 208.15
Sales per shareRs 256.30
Cash flow per shareRs 34.00
Free cash flow per shareRs 31.71
Dividend per share (latest year)Rs 14.99
Dividend per share, 3-year averageRs 12.33
Dividend per share, 5-year averageRs 9.40
Dividends
Dividend payout43.86%
Dividend payout, 3-year average39.98%
Dividend payout, 5-year average36.33%
Efficiency
Asset turnover0.94x
Fixed asset turnover4.65x
Debtor days59 days
Debtors turnover6.15x
Creditor days400 days
Cash conversion cycle59 days
Working capital days20 days
Leverage
Total debtRs 79 Cr
Cash and bankRs 932 Cr
Net debtRs -852 Cr
Debt to equity0.02x
Net debt / EBITDA-0.75x
Interest coverage86.61x
Current ratio (filing 2026-03-31)3.52x
Quick ratio (filing 2026-03-31)3.52x
Trade payables (filing 2026-03-31)Rs 367 Cr
Owners' fund to total sources77.72%
Debt to assets1.31%
Cash flow
Cash from Operating Activity (latest year)Rs 771 Cr
Cash from Investing Activity (latest year)Rs -224 Cr
Cash from Financing Activity (latest year)Rs -401 Cr
Net Cash Flow (latest year)Rs 146 Cr
Free cash flow (latest year)Rs 719 Cr
FCFE (approx.: FCF + change in debt)Rs 673 Cr
Cash from ops / profit, 5 years1.07x
Sales to cash flow7.38x
Statement figures
Net sales (TTM)Rs 5,811 Cr
Net sales (latest year)Rs 5,687 Cr
Sales (latest quarter)Rs 1,508 Cr
Operating profit excl. other income (latest year)Rs 916 Cr
Operating profit (latest quarter)Rs 221 Cr
Other income (TTM)Rs 210 Cr
EBITDA (TTM)Rs 1,136 Cr
PBDT (TTM)Rs 1,124 Cr
Profit before tax (TTM)Rs 1,027 Cr
Tax (latest year)Rs 247 Cr
Net profit (TTM)Rs 776 Cr
Net profit (latest year)Rs 775 Cr
Net profit (latest quarter)Rs 184 Cr
Depreciation (TTM)Rs 97 Cr
Depreciation (latest quarter)Rs 28 Cr
Interest (TTM)Rs 12 Cr
Cost of goods sold (latest year)Rs 913 Cr
Total expenditure (latest year)Rs 4,771 Cr
Total income (latest year)Rs 5,896 Cr
Share capitalRs 45 Cr
ReservesRs 4,674 Cr
Shareholders' fundsRs 4,719 Cr
Total assetsRs 6,072 Cr
Net blockRs 1,223 Cr
Capital work in progressRs 176 Cr
InvestmentsRs 1,921 Cr
ReceivablesRs 924 Cr
Other liabilitiesRs 1,274 Cr
Shares outstanding (crore)22.67
Ownership
Promoter holding49.00% (-0.06 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 12.7 is at the 13th percentile of its own 9.4-year range (median 21.8, low 6.1, high 42.4).
P/B 2.09 is at the 17th percentile (median 3.05).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodZENSARTECHNifty 50Difference
1 week+2.8%-2.8% +5.6 pts
1 month-8.2%-6.8% -1.4 pts
3 months-15.8%-7.6% -8.2 pts
6 months-15.6%+0.4% -16.0 pts
1 year-45.9%-9.9% -36.0 pts
2 years-39.7%-13.6% -26.1 pts
3 years-16.1%+14.2% -30.2 pts
5 years-9.2%+27.9% -37.1 pts
82 mutual fund schemes hold about ₹2,005 Cr. Over three months 73 bought more and 9 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Small Cap Fund0.93%391 +26%
HDFC Aggressive Hybrid Fund1.00%223 +12%
Franklin India Small Cap Fund1.50%222 +32%
Nippon India Small Cap Fund0.14%115 +22%
Franklin India Opportunities Fund0.88%85 +110%
ICICI Pru Technology Fund0.62%84 +9%
Invesco India Smallcap Fund0.49%77 +9%
Tata Digital India Fund0.67%69 +15%
ICICI Pru Innovation Fund0.88%69 +8%
HDFC Multi Cap Fund0.33%68 +26%
HDFC Children's Fund(Lock in)0.56%60 +8%
HDFC Technology Fund3.14%47 +11%
Nippon India Flexi Cap Fund0.46%46 +26%
Motilal Oswal Digital India Fund4.85%45 +11%
Aditya Birla SL Business Cycle Fund2.36%44 +100%
Motilal Oswal Small Cap Fund0.52%42 +100%
HDFC Value Fund0.51%42 +18%
HDFC Retirement Fund-Equity Plan0.53%37 +26%
Mirae Asset Aggressive Hybrid Fund0.32%30 +26%
Franklin India Technology Fund1.42%25 +16%
Templeton India Value Fund0.90%18 +76%
Invesco India Flexi Cap Fund0.26%15 -38%
Tata Retirement Sav Fund - Prog Plan0.61%14 +24%
ICICI Pru Dividend Yield Fund0.19%13 +27%
Tata Retirement Sav Fund - Mod Plan0.53%12 +24%

Red flags

F-score 6 of 8
lookAuditor change Auditor change 2026-04-24: Zensar Technologies Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,508 Cr +8.9% vs Jun 2025. Net profit ₹184 Cr +1.1%.
Against our estimate for Jun 2026: sales +1.5%, profit -8.7% miss. Our estimate for Sep 2026: sales Rs 1,532 Cr, profit Rs 205 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 12.60 Per Share
2026-01-29Interim Dividend - Rs 2.40 Per Share
2025-07-11Dividend - Rs 11 Per Share
2025-01-28Interim Dividend - Rs 2 Per Sh
2024-07-19Dividend - Rs 7 Per Share
2024-02-02Interim Dividend - Rs 2 Per Share
2023-07-21Dividend - Rs 3.50 Per Share
2023-02-03Interim Dividend - Rs 1.50 Per Share
2022-07-14Dividend - Rs 3.50 Per Share
2022-02-03Interim Dividend - Rs 1.50 Per Share
2021-09-15 Dividend - Rs 2.40 Per Share
2021-01-29 Interim Dividend - Rs 1.20 Per Share
2020-07-27 Annual General Meeting
2020-03-18 Interim Dividend - Rs 1.80 Per Share
2020-02-06 Interim Dividend - Re 1 Per Share
2019-07-25 Annual General Meeting/ Dividend - Rs 1.80 Per Share
2019-01-31 Interim Dividend - Re 1 Per Share
2018-09-07 Face Value Split (Sub-Division) - From Rs 10 /- Per Share To Rs 2/- Per Share0.2000
2018-07-30 Annual General Meeting / Dividend - Rs 7 Per Share
2018-01-30 Interim Dividend - Rs 5 Per Share
2017-07-10 Annual General Meeting/Dividend Rs 7/- Per Share
2017-02-02 Interim Dividend Rs 5/- Per Share
2016-07-11 Annual General Meeting
2016-03-22 Interim Dividend - Rs 7/- Per Share
2016-01-29 Interim Dividend Rs 5/- Per Share
2015-07-03Annual General Meeting/Dividend Rs 6.50 Per Share
2015-01-29Interim Dividend - Rs 4.50/- Per Share
2014-07-14Annual General Meeting / Final Dividend - Rs 6/- Per Share
2014-01-30Interim Dividend - Rs 4/- Per Share
2013-07-05Annual General Meeting / Final Dividend - Rs 4.50/- Per Equity Share
2013-01-31Interim Dividend Rs 3.50 Per Share
2012-07-13Annual General Meeting And Dividend - Rs.4/- Per Share
2012-02-02Interim Dividend Rs.3/- Per Share
2011-07-11Annual General Meeting And Dividend Rs.3.50 Per Share
2010-07-21Dividend Rs.5.50 Per Share And Bonus 1:10.5000
2009-07-15Agm/Div-Rs.4.50 Per Share
2008-07-14Agm/Dividend - 38%
2007-07-06Agm/Div-Rs.3.50/- Per Sh
2006-07-18Agm/Dividend-26%
DateTypeWhat it says
2026-08-31Credit Rating- NewCredit Rating- New
2026-08-24ESOP grantOptions to purchase securities
2026-08-14General UpdatesThe merger of M3BI LLC with Zensar Technologies Inc.
2026-08-10Concall / analyst meetSchedule of meet
2026-08-10Concall / analyst meetSchedule of meet
2026-08-08Credit RatingCredit Rating
2026-08-05Concall / analyst meetTranscript
2026-07-31Shareholder meetingVoting results.
2026-07-31General UpdatesThe update on merger of US Subsidiary
2026-07-30Shareholder meetingProceedings of Annual General Meeting held on July 30, 2026
2026-07-30Concall / analyst meetLink of Recording
2026-07-29General UpdatesIn-principle approval for Merger of the following US-based step-down subsidiary(ies) of the Company.
2026-07-29Investor PresentationInvestor Presentation
2026-07-29Press ReleaseA press release dated July 29, 2026, titled "Press Release dated 29th July,2026".
2026-07-29Board meeting outcomeZensar Technologies Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-27Concall / analyst meetSchedule of meet
2026-07-20ESOP grantOptions to purchase securities
2026-07-20ESOP grantOptions to purchase securities
2026-07-08General UpdatesIn compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, a letter providing weblink of Company s website where the Integrated Annual Re...
2026-07-08Shareholder meetingNotice of Annual General Meeting to be held on July 30, 2026
2026-06-30Record DateRecord date for the purpose of Dividend is 17-Jul-2026.
2026-06-30Shareholder meetingSchedule of Annual General Meeting to be held on July 30, 2026
2026-06-16ESOP grantOptions to purchase securities
2026-06-15General UpdatesThe appointment of Senior Management Personnel
2026-06-09Disclosure under SEBI TakeovSwallow Associates LLP has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-28492
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Zensar Technologies Ltd?

Zensar Technologies Ltd (ZENSARTECH) has a market capitalisation of Rs 9,763 Cr. at the 2026-10-01 close.

What is the P/E ratio of Zensar Technologies Ltd?

Zensar Technologies Ltd trades at a P/E of 12.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Zensar Technologies Ltd's latest quarterly results?

In the Jun 2026 quarter, Zensar Technologies Ltd sales was Rs 1,508 Cr (+8.9% vs Jun 2025) and net profit was Rs 184 Cr.

What is the 52-week high and low of Zensar Technologies Ltd?

The 52-week high is Rs 822.00 and the 52-week low is Rs 416.15.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03