Zensar Technologies Ltd., incorporated in the year 1963, is a Mid Cap company (having a market cap of Rs 6718.97 Crore) operating in IT Software sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 882.90 Crore, down -6.00 % from last quarter Total Income of Rs 939.21 Crore and down -14.60 % from last year same quarter Total Income of Rs 1033.90 Crore. Company reported net profit after tax of Rs 90.63 Crore in latest quarter.
Investment Rationale
The brokerage sees higher downside protection in the share price at current levels as 21% of ZENT’s m-cap is in cash v/s only 8% for its midcap IT Services peers. It maintains Buy rating on the stock in the likelihood of a recovery in growth and attractive valuations.
Promoter/FII Holdings
Promoters held 49.2 per cent stake in the company as of March 31, 2021, while FIIs held 16 per cent, DIIs 24.6 per cent and public and others 10.2 per cent.
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