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Zensar Technologies Ltd

ZENSARTECH
NSE
543.70
1.02%
Last Updated:
02 Apr '26, 3:59 PM
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Zensar Technologies Ltd

ZENSARTECH
NSE
543.70
1.02%
02 Apr '26, 3:59 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
12,365Cr
Close
Close Price
543.70
Industry
Industry
IT - Software
PE
Price To Earnings
16.68
PS
Price To Sales
2.21
Revenue
Revenue
5,596Cr
Rev Gr TTM
Revenue Growth TTM
8.63%
PAT Gr TTM
PAT Growth TTM
14.49%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
1,2131,2271,2411,2041,2301,2881,3081,3261,3591,3851,4211,431
Growth YoY
Revenue Growth YoY%
5.12.00.50.51.45.05.410.110.57.58.77.9
Expenses
ExpensesCr
1,0379971,0109971,0271,0921,1071,1191,1461,1741,2011,181
Operating Profit
Operating ProfitCr
176230231208203196201207213211220250
OPM
OPM%
14.518.818.617.216.515.215.415.615.615.215.517.5
Other Income
Other IncomeCr
272836425242413146574938
Interest Expense
Interest ExpenseCr
666634545442
Depreciation
DepreciationCr
354237312425302424232520
PBT
PBTCr
162210225212229210208210230241240265
Tax
TaxCr
425451505552525153595865
PAT
PATCr
119156174162173158156160176182182200
Growth YoY
PAT Growth YoY%
-8.9108.0206.2111.445.41.1-10.5-1.21.815.317.025.0
NPM
NPM%
9.812.714.013.414.112.311.912.113.013.112.814.0
EPS
EPS
5.36.97.77.17.77.06.97.07.88.08.08.8

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
2,6562,9783,0563,1083,9664,1823,7814,2444,8484,9025,2815,596
Growth
Revenue Growth%
12.12.61.727.65.4-9.612.214.21.17.76.0
Expenses
ExpensesCr
2,2642,5382,6742,7433,4873,6753,0973,5874,2964,0304,4644,703
Operating Profit
Operating ProfitCr
392440382365479507685657552872817893
OPM
OPM%
14.814.812.511.712.112.118.115.511.417.815.516.0
Other Income
Other IncomeCr
274524749388-24138103159160190
Interest Expense
Interest ExpenseCr
11119233761543528211715
Depreciation
DepreciationCr
424549658915917518518313410292
PBT
PBTCr
366429349352445376433574444876858976
Tax
TaxCr
101117110105127104126152117211208235
PAT
PATCr
265312238246319272307422328665650740
Growth
PAT Growth%
17.9-23.63.429.3-14.813.037.4-22.3103.0-2.313.9
NPM
NPM%
10.010.57.87.98.06.58.19.96.813.612.313.2
EPS
EPS
12.113.010.510.813.911.713.318.414.529.428.632.6

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
444545454545454545454546
Reserves
ReservesCr
1,1131,3811,4271,6241,8972,0452,2972,6422,9313,5174,0244,234
Current Liabilities
Current LiabilitiesCr
5345535805309511,039738827858854882929
Non Current Liabilities
Non Current LiabilitiesCr
42404784180442324326287232221205
Total Liabilities
Total LiabilitiesCr
1,7352,0232,1062,2963,0903,5963,4333,8404,1214,6485,1735,412
Current Assets
Current AssetsCr
1,1241,3991,4671,4631,9382,0581,9932,2622,3182,5943,3153,446
Non Current Assets
Non Current AssetsCr
6106246398331,1521,5381,4411,5781,8032,0541,8581,966
Total Assets
Total AssetsCr
1,7352,0232,1062,2963,0903,5963,4333,8404,1214,6485,1735,412

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
321259304206156686858336714642565
Investing Cash Flow
Investing Cash FlowCr
-182-42-190-157-241-315-528-18-528-475-488
Financing Cash Flow
Financing Cash FlowCr
-87-130-50-204201-197-467-183-219-197-265
Net Cash Flow
Net Cash FlowCr
518650-140128175-139137-31-30-187
Free Cash Flow
Free Cash FlowCr
283216269154104608819279681627530
CFO To PAT
CFO To PAT%
121.183.0127.783.549.0252.7279.579.6218.096.687.0
CFO To EBITDA
CFO To EBITDA%
81.858.879.756.432.5135.3125.351.1129.473.769.2

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
2,8444,1504,1514,0525,2161,9506,1888,3136,20213,72015,923
Price To Earnings
Price To Earnings
11.214.317.916.816.67.420.619.918.920.624.5
Price To Sales
Price To Sales
1.11.41.41.31.30.51.62.01.32.83.0
Price To Book
Price To Book
2.53.32.82.42.70.92.63.12.13.93.9
EV To EBITDA
EV To EBITDA
7.09.110.310.610.73.48.011.910.415.118.7
Profitability Ratios
Profitability Ratios
GPM
GPM%
93.794.995.396.996.996.396.997.497.399.899.0
OPM
OPM%
14.814.812.511.712.112.118.115.511.417.815.5
NPM
NPM%
10.010.57.87.98.06.58.19.96.813.612.3
ROCE
ROCE%
30.027.922.322.321.918.320.820.214.523.920.9
ROE
ROE%
22.921.916.214.816.413.013.115.711.018.716.0
ROA
ROA%
15.315.411.310.710.37.58.911.08.014.312.6
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Company Profile** Zensar Technologies Ltd, headquartered in Pune, India, is a global digital transformation and technology solutions provider within the $5.2 billion RPG Group. As of 2025, the company serves **over 170 global clients**, including Fortune 500 and Fortune 2000 enterprises, across banking, insurance, retail, healthcare, manufacturing, telecommunications, and the high-tech sector. With a workforce of **over 10,700 professionals** operating across **30+ global locations**—including key tech hubs in San Jose, London, Singapore, Cape Town, and Mexico City—Zensar combines deep domain expertise with cutting-edge technology to deliver client-centric digital innovation. Zensar is strategically evolving into an **AI-first, cloud-native organization**, with strong partnerships with hyperscalers such as AWS, Google Cloud (GCP), Microsoft Azure, and Oracle, and technology leaders including Adobe, SAP, Salesforce, Guidewire, Veeva, and Snowflake. --- ### **Core Service Offerings** Zensar’s services are organized into five strategic domains: 1. **Experience Services (CX)**: End-to-end customer experience design, branding, digital marketing, UX/CX strategy, and Digital Experience Platforms (DXPs) like DEXA, a proprietary Adobe-accredited accelerator. 2. **Advanced Engineering Services (AES)**: Full-stack, cloud-native development, generative AI, microservices modernization, and legacy system transformation. 3. **Data Engineering and Analytics (DE&A)**: AI/ML, MLOps, predictive analytics, semantic data modeling, master data management (MDM), and data governance solutions. 4. **Enterprise Applications (SaaS)**: Implementation and management of Salesforce, SAP, Oracle, Guidewire, and Veeva platforms. 5. **Cloud Infrastructure and Security (CIS)**: Cloud migration, zero-trust security, infrastructure management, and AIOps-driven autonomous operations via Vinci™ platform. --- ### **Strategic Focus & AI-Driven Innovation** Zensar is at the forefront of leveraging **artificial intelligence** and **generative AI (Gen AI)** to drive enterprise transformation. The company has developed four **AI Solution Stacks**: - **Enterprise AI** - **Responsible AI** - **Enterprise Cognitive Hyper Automation** - **Multimodal Micro Vertical Solutions** Key proprietary Gen AI platforms include: - **Engineering Buddy**: AI assistant for software developers to boost productivity, enhance code quality, and automate modernization. - **Data Buddy**: Platform for AI-powered data engineering and contextual data pipelines. - **Business Avatar**: AI agent for business simulation and decision support. - **Underwriting Assistant**: Gen AI solution for automating insurance underwriting. - **VISCA**: Vision-based image search and recognition platform. Zensar emphasizes **Responsible AI**, including anti-jailbreak mechanisms and ethical deployment frameworks. The company has also created **private and specialized language models (SLMs)** for secure, industry-specific client applications. --- ### **Innovation & R&D – ZenLabs** The **ZenLabs** innovation hub, located in Pune, Hyderabad, and Bengaluru (including a new office at Bengaluru’s Shilpa Ananya Tech Park), acts as the company’s center for applied research in AI, blockchain, Web3, quantum computing, and sustainability. With over 75 professionals, Zenlabs has: - Filed **10 patents** in FY 2024–25 - Published **over 20 AI-driven offerings** on AWS and Azure marketplaces - Developed **12+ AI/ML accelerators** across healthcare, pharma, manufacturing, supply chain, and BFSI - Co-developed solutions with academic and industry partners through PhD integration and hackathons Zensar also launched the **GenAI Ignite Training Academy**, upskilling engineers through eLearning, hands-on labs, and certifications from AWS, Microsoft, and GCP. --- ### **Recent Client Engagement Highlights (2025)** - **Media & Retail Transformation (South Africa)**: Modernized a legacy content management system using AI and Agile on Google Cloud. The system auto-generates UI components and unit tests from tribal knowledge, improving **application performance by 70%** and **operational efficiency by 30%**. - **Global Payments Provider**: Developed a proprietary AI system for **Merchant Category Code (MCC) classification**, achieving **~90% accuracy** (vs. 70% target), reducing revenue leakage and enhancing compliance. - **Retail Insurance Analytics (USA)**: Built a real-time **AI-driven claim risk scoring system** on Azure ML Studio. The model improved **precision from 12% to 65%**, **recall to 70%**, and **accuracy to 96%**, processing 400,000 claims monthly. - **Fleet Management Portal**: Scaled a mobility technology solution for an oil & gas major, now serving **160,000 users across 35 markets**. --- ### **Strategic Growth Moves** - **Acquisition of BridgeView Life Sciences (USA)**: Strengthens Healthcare and Life Sciences (HLS) vertical, providing expertise in **pharmaceutical commercial services, regulatory compliance, and Veeva/ IQVIA/Snowflake integrations**. - **Healthcare & Life Sciences (HLS) Vertical**: New dedicated practice with focus on digital transformation in pharma, med-tech, payers, and providers. - **Sales Transformation**: Established a **dedicated US sales team** for next-gen offerings and shifted presales into **solution architects** to drive integrated, cross-service deals. - **Global Expansion**: Strengthened foothold in **US, EU, UK, and South Africa**, with 89–91% of revenue from exports. **20.8% of business comes from Europe**, with strong momentum in South African digital innovation. --- ### **Digital Transformation & Cloud Leadership** Zensar continues to lead in **cloud-first modernization**, leveraging platforms such as: - **Google Cloud Platform (GCP)** - **Microsoft Azure** - **Oracle Cloud Infrastructure (OCI)** Recent projects include: - Migration of Oracle databases to OCI for improved scalability and cost-efficiency. - Development of a **three-tier Azure architecture** for a healthcare client to support compliance and future R&D. - AI-powered **Knowledge Assistant for a UN agency** using GCP, semantic search, and conversational AI. Proprietary tools like **Velocity Stack™** offer reusable frameworks for cloud migration (Cloud RAFT, 1C Foundation, Transform2Micro), enhancing speed and consistency. --- ### **Corporate Strategy & Vision** Zensar’s long-term vision is to become a **global leader in AI and cloud innovation**, built on: - **AI-First Culture**: Embedding AI across people, processes, and products. - **Client-Centricity**: Strengthening relationships through digital mining, annual assessments, and outcome-based engagements. - **Operational Excellence**: Focused on talent development, delivery scalability, and MLOps/DevSecOps maturity. - **Sustainability & Responsibility**: Investing in green technologies, controlled AI, and energy-efficient data centers. The company operates with a **strategic roadmap** to position itself as a **premier-tier hyperscaler partner** and expand **Zenlab** capabilities. --- ### **Financial & Operational Highlights** - **Parent Group**: RPG Enterprises – $5.2B revenue - **Global Delivery Footprint**: 30+ locations, 5 Indian states, 16+ countries - **Data Centers**: 1,872 sq. ft., 555KW power, with redundancy, backup power, and precision cooling - **Revenue**: ~$592.3M in FY 2023/24, with consistent growth in digital and AI services - **Foreign Exchange Earnings (FY 2024–25)**: ₹21,676 million, with outgo of ₹263 million --- ### **Key Differentiators** - **Integrated Experience-to-Engineering Continuum** - **Proprietary AI Platforms and Accelerators (Engineering Buddy, Data Buddy, DEXA, Velocity Stack)** - **Strong Vertical Expertise in BFSI, HLS, TMT, Retail, and Manufacturing** - **Innovation-Led Differentiation via ZenLabs and Co-Innovation** - **Global Alliances with Hyperscalers and ISVs** - **Human-Centric AI Approach – “Experience-Led Everything” (ELE)**