NSE/ZENSARTECH

ZENSARTECHZensar Technologies Ltd

Information Technology · NSE

₹602.65+2.45%

52-wk low52-WEEK RANGE52-wk high

₹514.55+17.1% from low ·-31.5% from high₹879.45

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

ZENSARTECH-3.97% · 1Y

Range high ₹894Range low ₹511.25Latest ₹602.65252 bars · daily-close · NSE bhavcopy + 10Y history

Information TechnologyMidcap

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite50/100

Performance

—

Not enough price history to score.

Valuation

Low

Appears to be fairly valued to cheap vs peers.

· P/E 18.3 vs sector median 26.2 — 30% cheaper
· P/B 3.13 below sector median 5.38

Growth

Low

Lagging the market in growth.

· Revenue YoY +7.7% — slow
· Profit YoY -2.3% — earnings slipping

Profitability

Medium

Average profitability vs peers.

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeA(75/100)

Durability

A+

85/100

Financially resilient — strong quality + solvency profile.

Show 3 drivers

Piotroski F-score5/8 (63pt)
Altman Z" score3.43 (100pt)
Debt/Equity0.03 (100pt)

Valuation

83/100

Attractively valued vs peers and growth — good margin of safety.

Show 4 drivers

P/E vs sector (18.3 / 26.2)70% (100pt)
P/B3.13 (100pt)
Dividend yield2.22% (56pt)
EV/EBITDA21.5 (37pt)

Momentum

56/100

Constructive setup — momentum building, not extended.

Show 4 drivers

DMA-trend alignmentsideways (50pt)
RSI (14)65.3 (90pt)
Price vs 200-DMA-16.1% (28pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)18.30

UNDERVALUED

CheapestP/E 18.3 at 22th %ile of sector — cheaper than 78% of peers.Most expensive

P/B3.13

UNDERVALUED

CheapestP/B 3.13 at 22th %ile of sector.Most expensive

EV/EBITDA21.47

OVERVALUED

Monthly seasonality

Avg monthly return over 10 years · historical — not a forecast

Best: Jul +6.89% · Worst: Sep -3.43%

Jan

-1.5%

30% win

Feb

-3.2%

30% win

Mar

-2.9%

50% win

Apr

+3.9%

60% win

May

+5.9%

70% win

Jun

+6.7%

Monthly return distribution

Distribution of 120 monthly returns

Mean

+1.71%

Median

-0.26%

Std dev

12.79%

Best

+42.6%

Worst

-35.6%

% positive

49%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 2

Lean balance sheet (D/E 0.03)
Low leverage means earnings are less sensitive to rate cycles
Bankruptcy risk low (Altman Z″ 3.43)
Z″ above 2.60 sits squarely in the 'safe' zone

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+2.4%

+8.2%

+9.0%

-16.1%

-21.6%

-7.7%

+29.4%

+16.6%

10Y

+12.0%

Fundamentals

VALUATION

Market cap

₹13,381 Cr

P/E (TTM)

18.3

P/E (fwd)

—

next 12m

P/B

3.13

EV/EBITDA

21.5

Book value

—

per share

PROFITABILITY · QUALITY

ROE

—

ROCE

—

Net margin

12.3%

Op margin

—

Gross margin

—

D/E

0.03

GROWTH · MARKET

Rev YoY

+7.7%

Profit YoY

-2.3%

Div yield

2.22%

Payout

—

52w change

—

Beta

—

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 2

+Trading at -30.2% vs sector median P/EP/E 18.3 vs Information Technology median 26.2 — relative value on earnings
+Nearly debt-free (D/E 0.03)Low financial risk — funds growth from internal accruals, resilient in downturns

CONS · 0

No material concerns surface from the ratios alone — still layer qualitative research.

Sector-relative context

Information Technology · 18 peers

P/E (TTM)

This stock

18.30

Sector median

26.23

Rank 4/18 (83th %ile)

ROE

This stock

—

Sector median

19.8%

—

P/B

This stock

3.13

Sector median

5.38

Rank 4/18 (83th %ile)

Quality score · Piotroski F-score

5 / 8

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✗Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✓ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE3.43

Z″ = 3.43 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.100	×6.56	0.656
Retained Earnings / Total Assets (B)	0.369	×3.26	1.203
EBIT / Total Assets (C)	0.137	×6.72	0.922
Book Equity / Total Liabilities (D)	0.615	×1.05	0.646

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. Working capital proxied from reported cash + 10% buffer (exact 'current assets − current liabilities' line not ingested). Treat as directional.

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	1,308	1,326	1,359	1,385	1,431
Operating profit	171	183	230	188	230
OPM %	13.1%	13.8%	16.9%	13.5%	16.1%
Interest	5	4

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	4,244	4,848	4,902	5,281
Operating profit	527	371	751	756
OPM %	12.4%	7.6%	15.3%	14.3%
Interest	35	26	19	16
Depreciation

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
ZENSARTECHTHIS Zensar Technologies Limited	₹602.65	-12.6%	13,381	18.3	3.13	—	0.03	+7.7%
INFY Infosys Limited	₹1,318.7	-9.1%	5,31,162	18.3	6.16	32.7%	0.10	+3.2%
HCLTECH HCL Technologies Limited	₹1,442.3	-2.7%	3,86,448	23.5	5.11	23.2%	0.10	+7.4%
LTIM LTIMindtree Ltd	—	—	1,33,516	28.1	5.64	21.0%	0.10	+11.6%
PERSISTENT Persistent Systems Limited	₹5,446.5	+11.1%	85,452	49.5	10.99	25.0%	0.06	+21.6%
OFSS Oracle Financial Services Software Limited	₹7,992.5	-1.7%	69,476	28.5	10.05	33.5%	0.01	+7.4%
MPHASIS MphasiS Limited	₹2,462.2	+3.4%	46,408	25.8	4.56	18.7%	0.24	+7.2%
COFORGE Coforge Limited	₹1,316.8	-81.0%	43,694	38.9	6.33	16.3%	0.11	+31.3%
LTTS L&T Technology Services Limited	₹3,490.1	-20.1%	36,665	29.2	5.92	—	0.10	+10.6%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	8.00	9.67	+20.8%
-2q	7.62	7.93	+4.1%
-3q	7.53	7.92	+5.2%
-4q	7.22	7.68	+6.4%

Date	Amount
2026-01-29	₹2.40
2025-07-11	₹11.00
2025-01-28	₹2.00
2024-07-19	₹7.00
2024-02-02	₹2.00
2023-07-21	₹3.50
2023-02-03	₹1.50
2022-07-14	₹3.50
2022-02-03	₹1.50
2021-09-15	₹2.40
2021-01-29	₹1.20
2020-03-18	₹1.80
2020-02-06	₹1.00
2019-07-25	₹1.80
2019-01-31	₹1.00
2018-07-30	₹1.40
2018-01-30	₹1.00
2017-07-10	₹1.40
2017-02-02	₹1.00

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	45	45	45	45
Reserves	1,417	1,669	2,205	2,690
Borrowings	335	273	187	125
Total liabilities	3,840	4,121	4,648	5,173
Fixed assets	383	326	229	190
CWIP	2	—	6	2
Investments	161	414	538	448
Other assets	7	7	5	12
Total assets	3,840	4,121	4,648	5,173

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	336	714	642	565
CF Investing	-18	-528	-475	-488
CF Financing	-183	-219	-197	-265
Net cash flow	156	-31	-31	-172
Free cash flow	279	678	626	528

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	14.3%	15.3%	7.6%	12.4%
Net margin %	12.3%	13.6%	6.8%	9.8%
ROE %	26.1%	33.5%	20.6%	28.5%
ROCE %	33.0%	40.5%	24.8%	33.9%
Debt / Equity	0.05	0.08	0.16	0.23
Interest coverage	56.3×	46.9×	18.1×	17.5×
Revenue growth YoY	+7.7%	+1.1%	+14.2%	—
Profit growth YoY	-2.3%	+103.0%	-21.3%	—

ZENSARTECHZensar Technologies Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Quarterly results

Annual P&L

Peer comparison · Information Technology

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Stock scorecard

Recent news

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Information Technology