Zensar Technologies

₹607 27.4 | 4.7%

WEBSITE BSE:504067 NSE : ZENSAR TECH. 10 May, 16:01

Market Cap ₹13758 Cr.

Stock P/E 20.7

P/B 3.9

Current Price ₹607

Book Value ₹ 157.2

Face Value 2

52W High ₹662.6

Dividend Yield 1.48%

52W Low ₹ 306

Edit Ratio

Zensar Technologies Research see more...

Overview Inc. Year: 1963Industry: IT - Software

Zensar Technologies Ltd is a virtual solutions and technology services organization. It is engaged in offering a range of IT services and solutions. It operates in two segments: Digital and Application Services (DAS) and Digital Foundation Services (DFS). The DAS section consists of custom programs control services that encompass application development, upkeep, help, modernization and testing offerings throughout technology and enterprise verticals. The DFS segment consists of infrastructure management offerings, which includes hybrid IT, digital workspace, dynamic safety, and unified IT issuer beneath managed service platform the usage of automation, autonomics, and gadget getting to know. It offers a number of offerings, which includes analytics, software transformation, digital basis, digital revel in, enterprise utility, testing and unified virtual trade. It serves various sectors, along with production, retail and purchaser offerings and insurance.

Zensar Technologies Share Price

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Peer Comparison

Zensar Technologies Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	1103	1154	1203	1235	1198	1213	1227	1241	1204	1230
Other Income	24	72	21	28	26	27	28	36	42	52
Total Income	1127	1226	1225	1263	1224	1240	1256	1277	1246	1282
Total Expenditure	944	990	1067	1129	1063	1037	997	1010	997	1027
Operating Profit	183	237	157	134	161	203	259	267	250	255
Interest	9	9	6	8	8	6	6	6	6	3
Depreciation	47	48	49	49	50	35	42	37	31	24
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	126	180	102	77	104	162	210	225	212	229
Provision for Tax	34	49	27	20	27	42	54	51	50	55
Profit After Tax	92	131	75	57	77	119	156	174	162	173
Adjustments	-1	-1	0	0	0	0	0	0	0	0
Profit After Adjustments	91	130	75	57	77	119	156	174	162	173
Adjusted Earnings Per Share	4	5.7	3.3	2.5	3.4	5.3	6.9	7.7	7.1	7.7

Zensar Technologies Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2129	2335	2656	2952	3056	3108	3966	4182	3781	4244	4848	4902
Other Income	3	30	27	54	35	106	126	154	118	168	118	158
Total Income	2132	2365	2683	3006	3090	3213	4093	4336	3899	4412	4967	5061
Total Expenditure	1829	1977	2264	2513	2684	2774	3521	3740	3189	3617	4311	4031
Operating Profit	304	388	419	493	406	439	572	595	710	796	655	1031
Interest	10	10	11	11	9	23	37	61	54	37	28	21
Depreciation	33	38	42	65	49	65	89	159	175	185	183	134
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	-49	0	0	0
Profit Before Tax	261	340	366	417	349	352	445	376	433	574	444	876
Provision for Tax	86	102	101	125	110	105	127	104	126	152	117	210
Profit After Tax	175	238	265	292	238	246	319	272	307	422	328	665
Adjustments	0	-0	-0	-3	-4	-5	-5	-8	-7	-5	0	0
Profit After Adjustments	175	238	265	290	235	242	314	263	300	416	328	665
Adjusted Earnings Per Share	8	10.9	11.9	13	10.5	10.7	13.9	11.7	13.3	18.4	14.5	29.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	14%	5%	9%	9%
Operating Profit CAGR	-18%	3%	8%	8%
PAT CAGR	-22%	6%	6%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	99%	31%	20%	24%
ROE Average	12%	14%	15%	19%
ROCE Average	17%	20%	21%	25%

Zensar Technologies Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	729	946	1157	1265	1472	1669	1942	2090	2342	2687	2976
Minority's Interest	0	1	1	4	7	14	17	24	29	0	0
Borrowings	133	75	1	1	0	6	102	65	0	0	0
Other Non-Current Liabilities	129	172	218	27	29	47	33	327	275	272	191
Total Current Liabilities	387	451	577	551	580	530	951	1039	738	827	858
Total Liabilities	1378	1644	1955	1847	2088	2265	3045	3546	3384	3786	4025
Fixed Assets	397	422	547	386	447	592	950	1323	1133	1254	1174
Other Non-Current Assets	149	199	240	75	175	210	157	166	259	270	533
Total Current Assets	832	1023	1167	1386	1467	1463	1938	2058	1993	2262	2318
Total Assets	1378	1644	1955	1847	2088	2265	3045	3546	3384	3786	4025

Zensar Technologies Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	174	141	145	190	275	325	186	314	488	349	505
Cash Flow from Operating Activities	106	209	321	255	304	206	156	686	858	336	714
Cash Flow from Investing Activities	-25	-128	-182	-41	-190	-157	-241	-315	-528	-18	-528
Cash Flow from Financing Activities	-114	-77	-87	-129	-50	-204	201	-197	-467	-183	-219
Net Cash Inflow / Outflow	-33	4	51	85	64	-155	116	174	-137	135	-32
Closing Cash & Cash Equivalent	141	145	196	275	325	186	314	488	349	505	474

Zensar Technologies Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	8.01	10.85	11.94	12.98	10.47	10.74	13.93	11.69	13.3	18.42	14.46
CEPS(Rs)	9.53	12.6	13.81	16.02	12.79	13.85	18.12	19.11	21.36	26.84	22.54
DPS(Rs)	1.6	2	2.2	2.4	2.4	2.4	2.8	2.8	3.6	5	5
Book NAV/Share(Rs)	33.43	43.17	52.19	56.29	64.78	73.59	84.99	91.22	103.22	117.89	130.49
Core EBITDA Margin(%)	14.11	15.34	14.75	14.86	12.15	10.74	11.24	10.56	15.66	14.78	11.07
EBIT Margin(%)	12.71	15	14.2	14.48	11.7	12.04	12.17	10.43	12.86	14.39	9.74
Pre Tax Margin(%)	12.24	14.55	13.78	14.12	11.41	11.31	11.23	8.99	11.45	13.53	9.16
PAT Margin (%)	8.2	10.17	9.96	9.9	7.8	7.93	8.03	6.49	8.12	9.94	6.76
Cash Profit Margin (%)	9.76	11.81	11.53	12.11	9.39	10.03	10.29	10.3	12.74	14.29	10.53
ROA(%)	13.19	15.72	14.71	15.38	12.11	11.32	12	8.24	8.86	11.76	8.39
ROE(%)	26.77	28.39	25.18	24.23	17.6	15.86	17.86	13.68	14.01	16.9	11.66
ROCE(%)	30.86	34.25	30.8	31.13	23.67	22.79	24.62	18.71	20.42	24.29	16.67
Receivable days	53.71	54.21	55.8	61.45	64.1	69.03	69.87	67.29	60.54	59.58	57.46
Inventory Days	17.13	18.26	17.28	15.36	14.25	12.84	9.41	8.4	0	0	0
Payable days	-4413	-1893.86	8077.44	0	4718.05	9813.2	0	0	0	0	0
PER(x)	6.11	6.9	10.75	14.33	17.67	16.78	16.64	7.4	20.61	19.95	18.94
Price/Book(x)	1.46	1.73	2.46	3.3	2.86	2.45	2.73	0.95	2.66	3.12	2.1
Dividend Yield(%)	3.27	2.67	1.71	1.29	1.3	1.33	1.21	3.24	1.31	1.36	1.83
EV/Net Sales(x)	0.53	0.71	1.06	1.36	1.29	1.24	1.31	0.42	1.45	1.76	1.13
EV/Core EBITDA(x)	3.7	4.28	6.74	8.17	9.74	8.77	9.07	2.96	7.72	9.36	8.36
Net Sales Growth(%)	18.65	9.69	13.74	11.15	3.51	1.71	27.63	5.43	-9.57	12.23	14.24
EBIT Growth(%)	10.11	29.42	7.69	13.38	-16.41	4.71	28.97	-9.61	11.48	25.56	-22.7
PAT Growth(%)	9.97	36.09	11.41	10.46	-18.45	3.41	29.28	-14.77	13.03	37.36	-22.31
EPS Growth(%)	9.54	35.51	9.99	8.69	-19.32	2.56	29.69	-16.07	13.84	38.46	-21.48
Debt/Equity(x)	0.28	0.18	0.15	0.12	0.09	0.01	0.16	0.16	0	0	0
Current Ratio(x)	2.15	2.27	2.02	2.52	2.53	2.76	2.04	1.98	2.7	2.74	2.7
Quick Ratio(x)	1.88	1.98	1.81	2.29	2.34	2.65	1.94	1.89	2.7	2.74	2.7
Interest Cover(x)	27.2	34.07	33.78	40.1	40.75	16.51	12.94	7.21	9.09	16.69	16.86
Total Debt/Mcap(x)	0.19	0.1	0.06	0.04	0.03	0	0.06	0.17	0	0	0

Zensar Technologies Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	49.1	49.09	49.16	49.15	49.15	49.21	49.21	49.2	49.2	49.17
FII	17.81	16.55	15.95	9.18	10.75	10.54	12.59	16.66	17.12	16.53
DII	14.09	14.83	13.91	12.53	11.46	15.78	17.31	16.54	16.45	17.53
Public	18.99	19.54	20.99	29.14	28.63	24.48	20.9	17.6	17.23	16.76
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	11.1	11.1	11.13	11.13	11.13	11.14	11.14	11.14	11.14	11.14
FII	4.03	3.74	3.61	2.08	2.43	2.39	2.85	3.77	3.88	3.75
DII	3.19	3.35	3.15	2.84	2.59	3.57	3.92	3.75	3.73	3.97
Public	4.29	4.42	4.75	6.6	6.48	5.54	4.73	3.99	3.9	3.8
Others	0	0	0	0	0	0	0	0	0	0
Total	22.61	22.62	22.64	22.64	22.64	22.65	22.65	22.65	22.65	22.66

Pros

Company is almost debt free.

Cons

Promoter holding is low: 49.17%.
Company has a low return on equity of 14% over the last 3 years.
Stock is trading at 3.9 times its book value.
The company has delivered a poor profit growth of 5% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.