ZENSARTECHInformation Technology

Zensar Technologies Limited

Computers - Software & Consulting · ISIN INE520A01027 · BSE 504067 · NSE EQ · FV ₹2
Last price
₹442
-1.84%today
What this company does

Zensar Technologies Limited operates in Computers - Software & Consulting, part of the Information Technology sector. It booked ₹1,508 cr of revenue in its latest quarter (Q1 FY27) and kept 12.2% of sales as profit.

Industry wise AI market size forecast (2023-2027)16 Zensar Technologies Limited is one of the leading technology solutions companies, renowned for its prowess in delivering Others BFSI Others BFSI innovative digital solutions through its expertise in experience design, data engineering and advanced analytics.
In the report:
76out of 100
Equitytale Health Score
Solid

Healthier than 76% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 42–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns65

How much profit it earns on the money it employs

Balance sheet91

How much it owes, and whether earnings cover the interest

Cash quality74

Whether reported profit actually arrives as cash

Growth & consistency62

Whether sales and profit have grown, and how steadily

Valuation71

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Looks broadly healthySlightly rich vs. 3 models
Strengths
Makes a profit
Sales up 9% vs last year
Promoters hold 49%
No promoter shares pledged
Strong 16% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in ZENSARTECH?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹442 -1.84%
latest close · 2026-09-17
1-year return
-1.0%
52-wk low ₹24752-wk high ₹587
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio13.6Low
LowAverageHigh
P/B ratio2.13Moderate
Below bookModerateHigh
EV / EBITDA8.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.6%Strong
WeakFairStrong ▸15%
Return on capital20.2%Strong
WeakFairStrong
Net margin12.2%Decent
ThinDecentStrong
EBITDA margin18.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover71.3×Strong
RiskyOkayStrong ▸5×
Current ratio3.52Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹10,030 cr
Book value
₹208
EPS
₹8.11
latest quarter
Net debt
₹-416 cr
more cash than debt
Enterprise value
₹9,614 cr
EBITDA
₹1,113 cr
annualised
EBIT
₹999 cr
annualised
Operating margin
16.6%
Return on assets
12.1%
Earnings yield
7.34%
P/S
1.66
Sales / share
₹265.8
Tax rate
25.3%
Face value
₹2
Shares
22.7 cr
Working capital
₹2,900 cr
Current assets
₹4,050 cr
Current liabilities
₹1,150 cr
Delivery %
35.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Slightly expensiveHigh confidence
Median of 3 models ₹379 vs market price ₹442 — price is 16% above it
Safety cushion-16.5%(target ≥ +20%)
Models span ₹338₹676, midpoint ₹379
Model ₹379
Price ₹442
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,508 cr
Other Income₹57 cr
Total Income₹1,566 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹11 cr
Employee Benefit Expense₹922 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹29 cr
Other Expenses₹354 cr
Total Expenses₹1,319 cr
Profit before Tax₹246 cr
Tax Expense₹62 cr
Net Profit₹184 cr
Net margin on total income11.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹11 cr0.7%
Employee benefit expense₹922 cr58.9%
Finance costs₹4 cr0.2%
Depreciation & amortisation₹29 cr1.8%
Other expenses₹354 cr22.6%
Tax expense₹62 cr4.0%
Profit for the period₹184 cr11.7%
Total income ₹1,566 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,431 cr1,450 cr1,508 cr
Total income1,494 cr1,515 cr1,566 cr
Expenses1,203 cr1,240 cr1,319 cr
Profit before tax265 cr276 cr246 cr
Tax65 cr65 cr62 cr
Net profit (owners' share)200 cr211 cr184 cr
Net margin (owners' share, on revenue)14.0%14.5%12.2%
EPS (₹)8.809.298.11
YoY (latest quarter): total income +8.6% · net profit +1.0%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹6,084 cr
Shareholder equity
₹4,719 cr
parent shareholders
Total debt
₹0 cr
Cash
₹416 cr
Cash flow · H1 FY26
Operating
₹307 cr
Investing
₹65 cr
Financing
₹-275 cr
Peer comparison
Computers - Software & Consulting · by market value
CompanyPriceMarket capP/E
Tata Consultancy Services Limited₹2,190₹7.93 L cr14.8
Infosys Limited₹1,059₹4.29 L cr13.8
HCL Technologies Limited₹1,258₹3.42 L cr18.4
Wipro Limited₹166₹1.65 L cr13.0
Tech Mahindra Limited₹1,561₹1.38 L cr23.6
LTM Limited₹4,265₹1.26 L cr21.6
Persistent Systems Limited₹5,473₹86,337 cr44.3
Coforge Limited₹1,793₹79,340 cr36.3
MphasiS Limited₹2,320₹44,284 cr22.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
3.39%
trailing 12 months
Dividend / share (TTM)
₹15
Last dividend
₹12.6
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹12.6 / share17 Jul 2026
Dividend₹2.4 / share29 Jan 2026
Dividend₹11 / share11 Jul 2025
Dividend₹2 / share28 Jan 2025
Dividend₹7 / share19 Jul 2024
Dividend₹2 / share2 Feb 2024
Who owns it · 2026-06-30
No pledge
Promoter
49.0%
FII / Foreign
10.7%
DII / Domestic
22.0%
Retail / others
17.9%
Promoter stake down 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtVijayasimha Alilughatta · Designated Person8,983 · ₹42.8 L24 Aug 26
SoldVijayasimha Alilughatta · Employees/Designated Employees10,000 · ₹55.0 L27 Apr 26
BoughtParag Jain · Employees/Designated Employees33,900 · ₹1.8 cr9 Mar 26
Bulk / block deals
BoughtQE SECURITIES LLP · NSE14.05 L @ ₹462.1915 Sep 26
SoldQE SECURITIES LLP · NSE13.55 L @ ₹462.4315 Sep 26
SoldMICROCURVES TRADING PRIVATE LIMITED · NSE28.66 L @ ₹463.915 Sep 26
Stake changes
BoughtHDFC Mutual Fund→ 7.01% · 46.09 L16 Dec 25
BoughtHDFC Mutual Fund→ 5.00% · 2.00 L16 Apr 24
SoldNippon Life India Trustee Limited→ 3.19% · 2.73 L18 Sep 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 24 Jul 2025
See the official result
1
Approval of ‘Zensar - Employees Stock Option Scheme 2025’
Backed by 77% of shareholders other than promotersneeded 75%
5.86 cr votes for, 1.76 cr against · 24% of mutual funds and other big investors said no
2
Approval of grant of Employee Stock Options to the employees of unlisted subsidiary companies of the Company under ‘Zensar - Employees Stock Option Scheme 2025’
Backed by 77% of shareholders other than promotersneeded 75%
5.86 cr votes for, 1.76 cr against · 24% of mutual funds and other big investors said no
3
Approval of secondary acquisition of shares through Trust route for the implementation of ‘Zensar - Employees Stock Option Scheme 2025’
Backed by 78% of shareholders other than promotersneeded 75%
5.91 cr votes for, 1.70 cr against · 23% of mutual funds and other big investors said no
4
Provision of money by the Company for subscription and purchase of its own Shares by the Trust under ‘Zensar - Employees Stock Option Scheme 2025’
Backed by 78% of shareholders other than promotersneeded 75%
5.91 cr votes for, 1.70 cr against · 23% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 15 named members
owning 49.0% between them · as of 2026-06-30
SWALLOW ASSOCIATES LLP26.63%
SUMMIT SECURITIES LIMITED11.00%
INSTANT HOLDINGS LIMITED8.43%
SOFREAL MERCANTRADE PVT LTD2.64%
CHATTARPATI APARTMENTS LLP0.10%
HARSHVARDHAN GOENKA0.07%
RPG VENTURES LIMITED0.07%
STEL HOLDINGS LIMITED0.06%
Business done with them
FY2026 · 4 of the group
The company paid ₹148 cr to companies in the promoter group last year — about 2.6% of its ₹5,687 cr revenue.
Swallow Associates LLP
Other payments to them · Dividend Paid
also owns 26.63% of the company
₹81 cr
company paid
Summit Securities Limited
Other payments to them · Dividend Paid
also owns 11.00% of the company
₹34 cr
company paid
INSTANT HOLDINGS LIMITED
Other payments to them · Dividend Paid
also owns 8.43% of the company
₹26 cr
company paid
Sofreal Mercantrade Private Limited
Other payments to them · Dividend Paid
also owns 2.64% of the company
₹8 cr
company paid

The company also transacted with 17 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.