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Zensar Technologies Ltd share Price

Company details

6M Return 66.59%
1Y Return 21.75%
Mkt Cap.(Cr) 8,379.21
Volume 1,254,584
Div Yield 0.41%
OI Chg %
Volume 1,254,584

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About The Stock

    Zensar Technologies (Zensar) offers application & IMS services to hi-tech, manufacturing, retail and BFSI.

    • Zensar has grown organically and inorganically over the years
    • Net debt free and healthy double digit return ratio (with RoCE of 19%)


    Zensar reported weak numbers on the margin front.

    • Revenue grew 4.2% in CC terms while dollar revenue grew 4.1% QoQ
    • EBITDA margins declined 20 bps QoQ to 14.2%
    • Digital services contribute 72% of revenues

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Zensar Technologies Ltd.

Q4FY23 Quarterly & FY23 Annual Result Announced for Zensar Technologies Ltd.

IT Consulting & Software company Zensar Technologies announced Q4FY23 & FY23 results:

  • In Q4FY23, the company reported revenue of USD 147.5 million, a sequential QoQ growth of 1.1%, and constant currency of 0.4%
  • In Q4FY23, the company reported services revenue of USD 145.8 million, a sequential QoQ growth of 2.7%, and constant currency of 2.0%
  • In Q4FY23, the gross margin stood at 31.9% of revenues in Q4FY23, representing a sequential QoQ increase of 460 basis points
  • In Q4FY23, PAT stood at 9.8% of revenues, a sequential QoQ increase of 340 basis points
  • For FY23, the company reported revenue of USD 604.2 million, an increase of 6.1% YoY
  • For FY23, the PAT stood at 6.7% of the revenue
  • The company reported net cash and cash equivalents of USD 201.5 million at the end of Q4FY23
  • The US region reported a 6.5% YoY growth
  • Europe reported a 6.0% of YoY growth and 20.0% of YoY growth in constant currency
  • South Africa reported a 3.8% of YoY growth and 18.3% of YoY growth in constant currency
  • BFSI reported a 22.3% of YoY growth and 29.6% of YoY growth in constant currency
  • Hi-Tech and Manufacturing registered a 0.9% of YoY growth and 2.7% of YoY growth in constant currency
  • Consumer Services reported a decline of 5.2% YoY growth while it registered a positive 0.1% of YoY growth in constant currency

Manish Tandon, CEO and Managing Director, Zensar Technologies, said, “In Q4FY23, we continued to make significant progress toward improving profitability, with EBITDA increasing by 320 basis points to 14.5%. We ended FY23 on a positive note, with quarterly revenue of USD 147.5 million, a sequential QoQ growth of 0.4% in constant currency, and annual revenue of USD 604.2 million, representing YoY growth of 10.3% in constant currency. Our quarterly services revenue stood at USD 145.8 million, a sequential QoQ growth of 2.0% in constant currency. In addition, at 19.8%, our LTM attrition saw a YoY improvement of 810 basis points. But more than the numbers, the people of Zensar are the company’s heartbeat, and by investing in our associates, we keep our entire ecosystem healthy and strong. Together, we put client-centricity at the core of our business. As we unlock the next phase of growth for Zensar, we honor that approach by making decisive moves that will propel us forward to deliver the highest value to our clients and their customers.”

Speaking on the Q4FY23 performance, Sachin Zute, CFO, Zensar Technologies said, “Our continuous rigor in driving operational efficiencies has helped improve the company's margins. Our PAT stood at 9.8% for the quarter, a QoQ increase of 340 basis points. We had one of the best DSO in recent quarters, and collections were healthy for the company. DSO stood at 74 days for the quarter, improved by 6 days QoQ. Our net cash stood at USD 201.5 million at the end of Q4FY23, an additional USD 22.1 million QoQ, and USD 45.8 million YoY. Our order book for Q4FY23 stood at USD 174.9 million, a seasonally high growth of 34.0% over the last quarter. The Board of Directors in its meeting on January 23, 2023, declared an interim dividend of Rs 1.50 per equity share. In addition, the Board of Directors in their meeting held on May 11, 2023, have recommended a final dividend of Rs 3.50 per equity share, subject to the approval of shareholders.”



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Investment recommendation

Call Date
13 May 2023
Entry Price 340.00
Target Price 370.00
12 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Zensar Technologies Ltd Stocks COMPARISION


Equity Capital: 2,686.90 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 943.10 32,637.51
LAST 3M 17,174.81 50,737.17
LAST 6M 66,045.02 26,732.81
LAST 12M 121,409.17 72,523.78
Zensar Technologies Limited -

May 29, 2023 l NSE Announcement

Zensar Technologies Limited - Loss of Share Certificates

May 26, 2023 l NSE Announcement

Date Action Type Ratio
Feb 03, 2023 Dividend 75
Jul 14, 2022 Dividend 175
Feb 03, 2022 Dividend 75

Zensar Technologies Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Zensar Technology Limited is a software and Infrastructure services company and has a market capitalization of Rs. 9,651 as of 23rd August 2021. It was incorporated on 29th March 1963. The company has reported its total quarterly income of Rs. 955.20 crores at the end of June 2021. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 504067 and scrip code ZENSARTECH, respectively. As of 23rd August 2021, the shares of the company were trading at Rs. 427.45.

    Zensar Technologies provides a range of information technology services and solutions and is a subsidiary of Ram Prasad Goenka (RPG) Group, its chairman is Harsh Goenka. The company has offices in more than 17 countries and is the leader in business transformation, with 10,000 associates in 33 global locations for technology consulting. More than 200 leading enterprises depend upon the company's expertise to be more disruptive, agile, and competitive. In 2019 the company was recognized for the third consecutive year in Gartner Magic Quadrant for Managed Workplace Services, North America. The company's promoters hold 49.18% of the total shareholding in the company, and such has fallen from 49.23% since June 2020. There are no pledged holdings of promoters in June 2021. Mutual funds have raised a significant stake in the company during June 2021, from 1.58% on 21st March to 9.17% on June 2021.

    In June 2021, the company reported -5.49% lower total sales revenues for the June 2021 quarter on a consolidated basis at Rs. 936.80 crores. On a sequential basis, revenues were up 6.90% compared to Rs. 876.30 crores revenues in March 2021 quarter. Net profit for the June 2021 quarter grew 37.79% at Rs. 101 crores on a year-on-year basis, and profits growth were muted at 14.38% on a sequential basis. Net margins for the June 2021 quarter stood at 10.78% compared to 7.40% in the June 2020 quarter and at 10.08% in the sequential March 2021 quarter. EPS of the company increased 14.29% to Rs. 4.48 on a quarter-on-quarter basis. Zensar's shares were trading at Rs. 427.45 on 23rd August 2021 and has given a return of 136.75% over the last 12 months.

Registered Address

Zensar Knowledge Park P No-4, MIDC Off Nagar Road Kharadi, Pune, Maharashtra, 411014

Tel : 91-20-66057500
Email : marcom:zensar.com
Website : http://www.zensar.com

Sharepro Services India P Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 504067
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE520A01027

FAQ’s on Zensar Technologies Ltd Shares

You can buy Zensar Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Zensar Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 30, 2023 04:01 PM the closing price of Zensar Technologies Ltd was ₹ 370.00.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of May 30, 2023 04:01 PM, the market cap of Zensar Technologies Ltd stood at ₹ 8,379.21.

The latest PE ratio of Zensar Technologies Ltd as of May 30, 2023 04:01 PM is 25.6

The latest PB ratio of Zensar Technologies Ltd as of May 30, 2023 04:01 PM is 0.35

The 52-week high of Zensar Technologies Ltd is ₹ 389.80 while the 52-week low is ₹ 201.50

According to analyst recommendations, Zensar Technologies Ltd has a “Buy” rating for the long term.

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