NSE: ZENSARTECH | BSE: 504067

Mid-range Performer

Download real time

829.10 -11.50 (-1.37%)

High vol. this week

NSE 21 May, 2025 3:31 PM (IST)

18,834

Market Cap

High in industry

1.2

Beta 1Year

High Volatility

Zensar Technologies Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ZENSARTECH, BSE:504067 Zensar Technologies Ltd.

Zensar Technologies Ltd.

22 Oct 2019

829.10

-1.37%

Revenue growth takes a pause

Buy: Zensar Technologies Ltd.

Target

Motilal Oswal

22 October 2019 2QFY20 revenue increased 12.8% YoY (v/s est. EBIT increased 6.2% YoY to INR1,115m (margin of 10.4%) v/s our expectation of 5.2% decline YoY. Despite higher operational income, PAT declined 16% YoY to INR799m (v/s est. of INR843m) led by higher interest expense at INR139m (v/s est. of INR39m) and lower other income at INR9m (v/s est. ZENT reported 15.8% QoQ drop in the CIS business, 7.7% drop in Retail vertical and 3.

Zensar Technologies Ltd. average weekly volume is high.

Zensar Technologies Ltd.

19 Aug 2019

829.10

-1.37%

Initiating Coverage:Zensar Tech.

Buy: Zensar Technologies Ltd.

Target

Axis Direct

Zensar Technologies Ltd, is a specialized IT Service provider headquartered in Pune, India. We initiate coverage with BUY rating and a target price of Rs. 270 i.e. 23% upside.

Zensar Technologies Ltd. has gained 26.95% in the last 1 Month

Zensar Technologies Ltd.

09 Aug 2019

829.10

-1.37%

Zensar Technologies Ltd: Good Set of Numbers

Hold: Zensar Technologies Ltd.

Target

Karvy

Good Set of Numbers: Zensar reported a revenue growth of 18% YoY to Rs. 10661 Mn. In $ terms Zensar reported a revenue of $153.3 Mn up 3% QoQ. Revenues were up 16.4% in Q1FY19.

Zensar Technologies Ltd. average weekly volume is high.

Zensar Technologies Ltd.

08 Aug 2019

829.10

-1.37%

Zensar Technologies (1QFY20): Revenue visibility intact. Maintain BUY

Buy: Zensar Technologies Ltd.

Target

HDFC Securities

Zensar's organic growth has improved led by robust deal wins but the margin recovery is lagging. Higher on-site revenue mix, slowdown in Retail, drop in utilisation (fresher's hiring) and investments in the business are impacting margins. We expect gradual recovery in EBIT margins (10.7/11.0% in FY20/21E). Deal pipe-line is healthy at USD 1bn, ~60% of the pipeline is large deals (TCV >USD 10mn). TCV for the quarter stood at USD 160mn (including renewals) and USD 750mn (~50% net new) for FY19. We maintain our positive view based on (1) Focus on POC led Digital sales, (2) Robust deal pipeline and (3) Growth visibility in the core business. We build 12/16/15% Revenue/EBIT/PAT CAGR over FY19-22E. Risks include delay in execution of large deals, onsite wage inflation and deterioration in US/Europe macros. We maintain BUY on Zensar post an in-line 1QFY20. Strong deal pipeline, ramp-up of large deals and improving win-ratio provides revenue visibility. Margins are not showing signs of improvement despite revenue up-tick. We cut multiple to 14x from 16x on slow margin recovery and rising on-site cost. Our TP of Rs 265 is based on 14x June-21E EPS.

Zensar Technologies Ltd. has gained 33.03% in the last 1 Year

Zensar Technologies Ltd.

07 Aug 2019

829.10

-1.37%

Zensar Tech

Buy: Zensar Technologies Ltd.

Target

Dolat Capital

View: Healthy deal win to aid revenue growth momentum Zensar's Q1FY20 revenue was lower than our estimate, due to conscious exit from its low-margin ROW business stream and muted growth in digital application services (adjusted revenues inline). The management remained confident on its deal wins (TCV of USD 160mn in Q1FY20) and its pipeline and expects it to exceed the previous year record deal wins of about USD 700mn. We believe that healthy deal wins and higher demand in digital services are likely to lead to strong revenue growth in the next few...

Number of FII/FPI investors increased from 264 to 290 in Mar 2025 qtr.

Zensar Technologies Ltd.

12 Jun 2019

829.10

-1.37%

Traction in growth and margins despite tight supply

Buy: Zensar Technologies Ltd.

Target

Motilal Oswal

Hi-Tech remains the key vertical, which is expected to drive this digital growth. Customers from Independent Software Vendors (ISVs) and Internet/Social/Mobile (ISM) sub-segments are spending heavily on digital which needs to be tapped. Acquisition of Indigo Slate and Foolproof has helped add more clients in this segment.

Zensar Technologies Ltd. has gained 33.03% in the last 1 Year

Zensar Technologies Ltd.

07 May 2019

829.10

-1.37%

EARNINGS UPDATE- ZENSAR TECHNOLOGIES- 4QFY19

Buy: Zensar Technologies Ltd.

Chola Wealth Direct

Background Zensar Technologies is an RPG Group company, with end-to-end services from IT development to business process outsourcing. In 4QFY19: revenue share from services: Application Management Services (84.7%), Infrastructure Management Services (15.3%).The Company's business is primarily classified into Manufacturing (51.8%), Retail & Consumer services (21.6%), Financial Services (22.2%), and Emerging (4.4%). The company's business is spread across USA (76.2%), Europe (14.9%), Africa (8.0%) and RoW (0.9%). It receives 67.4% of revenues from onsite and 32.6% of revenues from offshore. Fixed price...

Number of FII/FPI investors increased from 264 to 290 in Mar 2025 qtr.

Zensar Technologies Ltd.

07 May 2019

829.10

-1.37%

Zensar Technologies Ltd : Digital to Drive Growth

Hold: Zensar Technologies Ltd.

Recommendation Target

Karvy

Strong set of numbers: At $150.1 Mn, Zensar (ZENT) reported a strong growth in revenue 4.5% QoQ and 18.5% YoY.

Zensar Technologies .. has an average target of 737.50 from 4 brokers.

Zensar Technologies Ltd.

05 May 2019

829.10

-1.37%

Q4FY19 Result Update - Strong Deal Momentum

Accumulate: Zensar Technologies Ltd.

Recommendation Target

Prabhudas Lilladhar

Zensar's Q4FY19 was a beat on revenue at USD 150mn (Ple: USD 145mn) up Change in Estimates | Target | Reco 4.5% QoQ (4.1% cc terms). EBITDA margin improved by 134 bps QoQ to 12% (PLe: 11%) aided by operating leverage driven by stronger than expected...

Zensar Technologies Ltd. has gained 33.03% in the last 1 Year

Zensar Technologies Ltd.

02 May 2019

829.10

-1.37%

Zensar Technologies (4QFY19): Strong deal momentum. Maintain BUY

Buy: Zensar Technologies Ltd.

Target

HDFC Securities

Zensar's organic growth has improved (+11.5% in FY19) led by robust deal wins. Total TCV for the quarter stood at USD 250mn (+25% QoQ) and USD 750mn in FY19 (vs USD 600mn in FY18). The deal pipe-line is healthy at USD 1bn, ~60% of the pipeline is large deals (TCV >USD 10mn). We believe growth will continue in FY20/21E led by Digital traction, ramp-up in deals won and healthy pipe-line. EBITDA margin will recover gradually to 12.7/13.5% in FY20/21E led by better mix. We maintain our positive view on Zensar based on (1) Focus on POC led Digital sales, (2) Robust deal wins and (3) Growth visibility in core business. We build 12/18/18% Revenue/EBITDA/PAT CAGR over FY19-21E. Zensar trades at ~10% discount to Tier-2 average P/E multiple with second highest FY19-21E EPS CAGR. Risks include delay in ramp-up of large deals, onsite wage inflation and deterioration in deal wins. We maintain BUY on Zensar post better than expected 4QFY19. Growth in TCV (+25% YoY) and robust deal pipeline of ~USD 1bn provides growth visibility. Our TP is Rs 305 implying 16x FY21E EPS. Zensar is one of our Top picks in Tier-2 IT.

Number of FII/FPI investors increased from 264 to 290 in Mar 2025 qtr.

Is Zensar Technologies Ltd. worth buying?

433 Votes:

Buy 84.99%

Sell 7.39%

Hold 7.62%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Neutral SEE REPORTS >

pdf