Zensar Technologies (ZENSARTECH) | Financial Analysis & Statements
Zensar Technologies Ltd. Mid-cap Technology
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2026Income Metrics
Revenue
14.5B
Gross Profit
3.2B
22.17%
Operating Income
2.1B
14.68%
Net Income
2.1B
14.52%
EPS (Diluted)
₹9.15
Balance Sheet Metrics
Total Assets
51.7B
Total Liabilities
11.0B
Shareholders Equity
40.7B
Debt to Equity
0.27
Cash Flow Metrics
Revenue & Profitability Trend
Quarter Income Flow
Mar 31, 2026
Annual Income Flow
2026
Zensar Technologies Income Statement From 2022 to 2026
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 56.9B | 52.8B | 49.0B | 48.5B | 42.4B |
| Cost of Goods Sold | 44.1B | 40.9B | 35.0B | 37.6B | 31.5B |
| Gross Profit | 12.8B | 11.9B | 14.0B | 10.9B | 11.0B |
| Gross Margin % | 22.5% | 22.5% | 28.7% | 22.4% | 25.9% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | - | 1.1B | 1.1B | 1.1B | 1.0B |
| Other Operating Expenses | 3.6B | 3.7B | 1.7B | 1.8B | 700.0M |
| Total Operating Expenses | 3.6B | 4.8B | 2.7B | 3.0B | 1.7B |
| Operating Income | 8.2B | 7.1B | 7.5B | 3.7B | 5.3B |
| Operating Margin % | 14.5% | 13.5% | 15.3% | 7.6% | 12.4% |
| Non-Operating Items | |||||
| Interest Income | - | 1.1B | 903.0M | 407.0M | 247.0M |
| Interest Expense | 121.0M | 173.0M | 191.0M | 259.0M | 347.0M |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 10.2B | 8.6B | 8.8B | 4.4B | 5.7B |
| Income Tax | 2.5B | 2.1B | 2.1B | 1.2B | 1.5B |
| Effective Tax Rate % | 24.2% | 24.2% | 24.1% | 26.2% | 26.5% |
| Net Income | 7.7B | 6.5B | 6.6B | 3.3B | 4.2B |
| Net Margin % | 13.6% | 12.3% | 13.6% | 6.8% | 9.9% |
| Key Metrics | |||||
| EBITDA | 11.5B | 9.8B | 9.9B | 6.4B | 7.9B |
| EPS (Basic) | ₹34.12 | ₹28.65 | ₹29.36 | ₹14.47 | ₹18.43 |
| EPS (Diluted) | ₹33.69 | ₹28.43 | ₹29.13 | ₹14.40 | ₹18.27 |
| Basic Shares Outstanding | 227022274 | 226806283 | 226508101 | 226356924 | 225879925 |
| Diluted Shares Outstanding | 227022274 | 226806283 | 226508101 | 226356924 | 225879925 |
Income Statement Trend
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Zensar Technologies Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 2.7B | 4.4B | 4.7B | 5.1B | 3.5B |
| Short-term Investments | 17.3B | 9.4B | 7.0B | 5.2B | 7.1B |
| Accounts Receivable | 7.9B | 7.3B | 7.3B | 8.0B | 5.9B |
| Inventory | - | - | - | 0 | 0 |
| Other Current Assets | 35.0M | 104.0M | 184.0M | 95.0M | 110.0M |
| Total Current Assets | 33.1B | 25.9B | 23.2B | 22.6B | 19.9B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 1.9B | 1.7B | 1.7B | 1.8B | 1.3B |
| Goodwill | 19.0B | 15.7B | 15.9B | 15.7B | 13.2B |
| Intangible Assets | 675.0M | 540.0M | 1.0B | 1.7B | 1.7B |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 119.0M | 52.0M | 67.0M | 68.0M | -1.0M |
| Total Non-Current Assets | 18.6B | 20.5B | 18.0B | 15.8B | 14.4B |
| Total Assets | 51.7B | 46.5B | 41.2B | 38.4B | 34.3B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 3.4B | 3.1B | 2.8B | 3.2B | 2.2B |
| Short-term Debt | 469.0M | 637.0M | 826.0M | 1.0B | 957.0M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 455.0M | 550.0M | 537.0M | 1.2B | 1.1B |
| Total Current Liabilities | 8.8B | 8.5B | 8.6B | 8.3B | 7.4B |
| Non-Current Liabilities | |||||
| Long-term Debt | 783.0M | 1.2B | 1.9B | 2.3B | 2.5B |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | 146.0M |
| Total Non-Current Liabilities | 2.2B | 2.3B | 2.9B | 3.3B | 3.2B |
| Total Liabilities | 11.0B | 10.9B | 11.4B | 11.5B | 10.6B |
| Equity | |||||
| Common Stock | 454.0M | 453.0M | 453.0M | 452.0M | 451.0M |
| Retained Earnings | 26.9B | 22.0B | 16.7B | 14.2B | 11.3B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 40.7B | 35.6B | 29.8B | 26.9B | 23.7B |
| Key Metrics | |||||
| Total Debt | 1.3B | 1.9B | 2.7B | 3.4B | 3.5B |
| Working Capital | 24.3B | 17.4B | 14.6B | 14.4B | 12.5B |
Balance Sheet Composition
Zensar Technologies Cash Flow Statement From 2022 to 2026
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 10.2B | 8.6B | 8.8B | 4.4B | 5.7B |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | 950.0M | 316.0M | 234.0M | 143.0M | 160.0M |
| Working Capital Changes | -1.5B | -874.0M | -811.0M | 1.3B | -2.5B |
| Operating Cash Flow | 8.6B | 7.1B | 7.5B | 5.7B | 3.5B |
| Investing Activities | |||||
| Capital Expenditures | -521.0M | -353.0M | -151.0M | -334.0M | -568.0M |
| Acquisitions | -12.0M | -1.1B | 65.0M | -420.0M | -1.9B |
| Investment Purchases | -64.7B | -47.1B | -23.3B | -27.7B | -19.3B |
| Investment Sales | 61.4B | 42.9B | 18.0B | 22.8B | 21.4B |
| Investing Cash Flow | -3.8B | -5.7B | -5.4B | -6.0B | -522.0M |
| Financing Activities | |||||
| Share Repurchases | -566.0M | 0 | - | - | - |
| Dividends Paid | -3.0B | -2.0B | -1.2B | -1.1B | -881.0M |
| Debt Issuance | - | - | - | - | 0 |
| Debt Repayment | - | - | - | - | 0 |
| Financing Cash Flow | -3.6B | -2.0B | -1.2B | -1.1B | -849.0M |
| Free Cash Flow | 7.2B | 5.3B | 6.3B | 6.8B | 2.8B |
| Net Change in Cash | 1.2B | -626.0M | 844.0M | -1.4B | 2.1B |
Cash Flow Trend
Zensar Technologies Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
17.56
Forward P/E
15.85
Price to Book
3.01
Price to Sales
3.32
PEG Ratio
0.63
Profitability Ratios
Profit Margin
7.27%
Operating Margin
14.27%
Return on Equity
15.97%
Return on Assets
12.56%
Financial Health
Current Ratio
3.76
Debt to Equity
2.74
Per Share Data
EPS (TTM)
₹32.24
Book Value per Share
₹188.35
Revenue per Share
₹146.47
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| ZENSARTECH | 121.5B | 17.56 | 3.01 | 15.97% | 7.27% | 2.74 |
| Tata Consultancy | 8.7T | 17.63 | 7.64 | 48.40% | 18.43% | 10.39 |
| Infosys | 5.0T | 17.31 | 5.82 | 32.68% | 16.15% | 10.53 |
| Computer Age | 188.7B | 40.82 | 15.47 | 42.02% | 31.38% | 6.40 |
| Redington | 169.2B | 9.59 | 1.88 | 17.45% | 1.57% | 27.76 |
| Firstsource | 155.3B | 25.87 | 3.65 | 14.51% | 6.90% | 54.26 |
Financial data is updated regularly. All figures are in the company's reporting currency.





