āagman

Not investment advice. Data and computed figures, for information only.

Zensar Technologies Ltd

NSE: ZENSARTECH
₹504.45
+₹14.30 (+2.92%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹10,215 Cr
CMP
₹504.45
52-wk High / Low
₹822 / 416
P/E
12.8
P/B
2.2
Book Value
₹207.0
Div Yield
3.34%
ROCE
23.0%
ROE
17.3%
Face Value
₹2
D/E
0.02

Price−36.8% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹398
√(22.5 × EPS × book value per share)
ROIC
13.0%
vs 13.5% sector median
Cash flow to profit
0.99
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−58
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
9.9%
ROE × earnings retention ratio
ROE stability
2.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.01FII +0.22DII −1.68
Latest quarter vs the previous one
Cash-accrual divergence
0.1%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 47.0% since FY2016 (149 to 79)
+FII holding rose by 0.2pp over the last year
+PE of 12.8x is below the sector median of 24.0x
Watch-outs
−Price trades below its 200-day moving average (0.9x)
−Price is 38.6% below its 52-week high
−Promoter holding fell by 0.2pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,2271,2411,2041,2301,2881,3081,3261,3591,3851,4211,4311,4501,508
Expenses9971,0109961,0271,0921,1071,1191,1461,1741,2011,1811,2151,287
Operating Profit230231208203196201207212211220250236221
OPM %18.7%18.6%17.3%16.5%15.2%15.4%15.6%15.6%15.2%15.5%17.5%16.3%14.7%
Other Income28364252424131465749386657
Interest6663444544224
Depreciation42373124253024242325202328
Profit before tax210225212229210208210230241240265276246
Net Profit156174162173158156160176182182200211184
EPS (₹)6.907.687.147.656.976.867.047.778.018.018.799.268.08

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,6562,9523,0563,1083,9664,1823,7814,2444,8484,9025,2815,6875,811
Expenses2,2642,5132,6742,7433,4873,6753,0973,5874,2964,0304,4644,7714,884
Operating Profit392439382365479507685656552872817916926
OPM %14.8%14.9%12.5%11.7%12.1%12.1%18.1%15.5%11.4%17.8%15.5%16.1%15.9%
Other Income275424749388−24138103159160209210
Interest1111923376154352821171212
Depreciation42654965891591751851831341029197
Profit before tax3664173493524453764335744448768581,0221,027
Net Profit265292238246319272307422328665650775776
EPS (₹)11.9412.9710.4710.7413.9311.6913.3018.4014.4729.3428.6134.0534.14

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 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—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
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

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %30.031.024.023.023.018.021.021.015.025.021.023.0
ROE %———————————17.3
EPS (₹)11.9412.9710.4710.7413.9311.6913.3018.4014.4729.3428.6134.05
Book Value (₹)———————————207.0
Face Value (₹)———————————2
P/E———————————12.8
Div Yield %———————————3.34
NPM %9.99.77.77.77.96.48.29.66.613.111.913.1
OPM %15.015.012.012.012.012.018.015.011.018.015.016.0
D/E0.150.120.090.010.150.160.150.120.090.050.030.02
P/B———————————2.2

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+7.0%
5 years+9.0%
3 years+5.0%
TTM+8.0%
Compounded profit growth
10 years+10.0%
5 years+18.0%
3 years+34.0%
TTM+18.0%
Stock price CAGR
10 years+8.0%
5 years−2.0%
3 years−7.0%
Last year−44.0%
Return on equity
10 years16.0%
5 years16.0%
3 years18.0%
Last year17.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters48.64%48.64%48.88%48.87%49.23%49.19%49.09%49.21%49.18%49.07%49.01%49.00%
FIIs2.67%2.67%6.36%16.77%17.65%16.02%16.55%10.53%16.53%14.98%10.51%10.73%
DIIs13.44%13.44%11.72%2.63%24.66%24.58%14.83%15.77%17.53%19.89%23.66%21.98%
Government0.00%0.00%0.31%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public35.25%35.25%32.73%31.73%8.46%10.22%19.54%24.48%16.77%16.06%16.48%17.94%
No. of shareholders24,17724,17720,38326,99327,48438,8611,71,0732,11,7542,16,9352,25,5022,06,1872,19,808
Change since Jun 2023 (pp)
Promoters +0.36FIIs +8.06DIIs +8.54Public −17.31

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSBoard Meeting Intimation for Considering And Approving The Un-Audited Financial Results For The Quarter Ended September 30, 2026 And To Consider Any Other Matter(S), If AnyClosure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingApr 2026PPTJan 2026TranscriptJan 2026PPTJan 2026RecordingNov 2025TranscriptNov 2025PPT

Corporate actions

As of 17 Jul 2026
17 Jul 2026DIVIDENDDividend - Rs 12.60 Per Share—
29 Jan 2026DIVIDENDInterim Dividend - Rs 2.40 Per Share—
11 Jul 2025DIVIDENDDividend - Rs 11 Per Share—
28 Jan 2025DIVIDENDInterim Dividend - Rs 2 Per Sh—
19 Jul 2024DIVIDENDDividend - Rs 7 Per Share—
2 Feb 2024DIVIDENDInterim Dividend - Rs 2 Per Share—
21 Jul 2023DIVIDENDDividend - Rs 3.50 Per Share—
3 Feb 2023DIVIDENDInterim Dividend - Rs 1.50 Per Share—
14 Jul 2022DIVIDENDDividend - Rs 3.50 Per Share—
3 Feb 2022DIVIDENDInterim Dividend - Rs 1.50 Per Share—
15 Sep 2021DIVIDEND Dividend - Rs 2.40 Per Share—
29 Jan 2021DIVIDEND Interim Dividend - Rs 1.20 Per Share—
18 Mar 2020DIVIDEND Interim Dividend - Rs 1.80 Per Share—
6 Feb 2020DIVIDEND Interim Dividend - Re 1 Per Share—
25 Jul 2019DIVIDEND Annual General Meeting/ Dividend - Rs 1.80 Per Share—
31 Jan 2019DIVIDEND Interim Dividend - Re 1 Per Share—
7 Sep 2018SPLIT Face Value Split (Sub-Division) - From Rs 10 /- Per Share To Rs 2/- Per Share10 : 2
30 Jul 2018DIVIDEND Annual General Meeting / Dividend - Rs 7 Per Share—
30 Jan 2018DIVIDEND Interim Dividend - Rs 5 Per Share—
10 Jul 2017DIVIDEND Annual General Meeting/Dividend Rs 7/- Per Share—
2 Feb 2017DIVIDEND Interim Dividend Rs 5/- Per Share—
22 Mar 2016DIVIDEND Interim Dividend - Rs 7/- Per Share—
29 Jan 2016DIVIDEND Interim Dividend Rs 5/- Per Share—
3 Jul 2015DIVIDENDAnnual General Meeting/Dividend Rs 6.50 Per Share—
29 Jan 2015DIVIDENDInterim Dividend - Rs 4.50/- Per Share—
14 Jul 2014DIVIDENDAnnual General Meeting / Final Dividend - Rs 6/- Per Share—
30 Jan 2014DIVIDENDInterim Dividend - Rs 4/- Per Share—
5 Jul 2013DIVIDENDAnnual General Meeting / Final Dividend - Rs 4.50/- Per Equity Share—
31 Jan 2013DIVIDENDInterim Dividend Rs 3.50 Per Share—
13 Jul 2012DIVIDENDAnnual General Meeting And Dividend - Rs.4/- Per Share—
2 Feb 2012DIVIDENDInterim Dividend Rs.3/- Per Share—
11 Jul 2011DIVIDENDAnnual General Meeting And Dividend Rs.3.50 Per Share—
21 Jul 2010BONUSDividend Rs.5.50 Per Share And Bonus 1:1—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman