Zensar Technologies Limited

BSE:504067 Stock Report

Market Cap: ₹119.5b

Zensar Technologies Management

Management criteria checks 2/4

Zensar Technologies' CEO is Manish Tandon, appointed in Jan 2023, has a tenure of 3.33 years. total yearly compensation is ₹242.00M, comprised of 0.8% salary and 99.2% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth ₹169.01M. The average tenure of the management team and the board of directors is 2.3 years and 7.3 years respectively.

Key information

Manish Tandon

Chief executive officer

₹242.0m

Total compensation

CEO salary percentage0.83%
CEO tenure3.3yrs
CEO ownership0.1%
Management average tenure2.3yrs
Board average tenure7.3yrs

Recent management updates

Recent updates

Narrative Update • May 02

504067: Future Upside Will Hinge On US$210 Million Automation Deal Execution

Analysts have trimmed their price target on Zensar Technologies from ₹880 to ₹695, citing updated assumptions for growth, margins and future P/E that present a more measured return outlook for the stock. What's in the News Board meeting on April 24, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider a dividend recommendation for FY 2025-26 (company announcement).
Narrative Update • Apr 18

504067: Future P/E Compression Will Define Cautious Outlook Despite Large Deal

Analysts have trimmed their price target on Zensar Technologies from ₹554.56 to ₹501.00, citing updated assumptions around discount rates, revenue growth, profit margins, and expected future P/E multiples. What's in the News A board meeting is scheduled on April 24, 2026 to consider audited standalone and consolidated results for the quarter and year ended March 31, 2026 and to consider recommending a dividend for FY 2025-26, if any (Board Meeting).
Narrative Update • Apr 04

504067: Future Upside Will Hinge On US$210 Million Automation Deal Execution

Analysts now place Zensar Technologies' price target at ₹880, reduced from ₹1,000. This reflects updated assumptions around slightly lower profit margins, a revised future P/E multiple, and adjusted revenue growth expectations.
Narrative Update • Mar 21

504067: Long Term Upside Will Depend On US$210 Million Deal Execution

Analysts have adjusted their price target on Zensar Technologies from ₹1,106 to ₹1,000, linking the change to updated assumptions for discount rate, revenue growth, profit margin, and future P/E, while continuing to view the stock from a long-term earnings perspective. What's in the News Zensar Technologies secured a 5.5-year framework deal with an expected revenue of US$210 million from a large financial company, focused on rethinking work delivery and using AI led automation to improve efficiencies across the enterprise (Key Developments).
Narrative Update • Mar 06

504067: Large Deal, Mastek Talks And Interim Dividend Will Shape Balanced Outlook

Analysts have trimmed their price target on Zensar Technologies from about ₹679 to about ₹555, citing more measured revenue growth expectations, slightly stronger profit margins, and a lower assumed future P/E multiple. What's in the News Zensar Technologies secured a large 5.5-year framework deal with an expected revenue of $210 million from a large financial company, focused on redesigning work delivery across the enterprise using AI led automation (Client announcement).
Narrative Update • Feb 20

504067: Potential Mastek Stake Will Drive Long Term Upside

Analysts have trimmed their price target for Zensar Technologies slightly from ₹820.33 to ₹809.50, citing updated assumptions around discount rates, long term revenue growth, profit margins and future P/E multiples. What's in the News Zensar Technologies secured a 5.5 year framework deal with an expected revenue of US$210 million from a large financial company, focused on reworking how work is delivered across the enterprise using AI led automation (Key Developments).
Narrative Update • Feb 05

504067: Potential Mastek Stake And Dividend Will Support Long Term Upside

Analysts have trimmed their price target on Zensar Technologies to ₹820 from about ₹833, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that slightly adjust their valuation framework. What's in the News Zensar Technologies is reported to be in discussions to acquire an 18% to 20% stake from the promoters of Mastek Limited, with an indicative deal size of over US$200m that could reach US$400m, subject to agreement on valuation (Mint, via Key Developments).
Narrative Update • Jan 22

504067: Lower Discount Rate And Interim Dividend Plans Will Shape Balanced Outlook

Analysts have raised their fair value estimate for Zensar Technologies from ₹629.84 to ₹679.19, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E that support a higher implied price target. What's in the News Zensar Technologies has scheduled a board meeting for January 22, 2026, to review and approve the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025 (Key Developments).
Narrative Update • Jan 07

504067: Higher Discount Rate Will Weigh On Prospects Despite Margin Optimism

Analysts have inched up their fair value estimate for Zensar Technologies to ₹629.84 from ₹626.36, citing slightly firmer profit margin assumptions and a modestly lower future P/E multiple, partly offset by softer expectations for revenue growth and a higher discount rate. What's in the News A board meeting is scheduled for October 31, 2025, at 16:00 Indian Standard Time to review and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
Narrative Update • Dec 15

504067: October 31 Results Will Support Upbeat Long Term Outlook

Analysts have nudged their price target on Zensar Technologies slightly higher to approximately ₹833 from about ₹825, citing modest upward revisions to long term revenue growth, profit margin expectations, and the stock’s future earnings multiple, despite a marginally higher discount rate. What's in the News Board meeting scheduled on October 31, 2025, at 16:00 IST to review and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing) Limited Review Report on quarterly and half yearly results to be taken on record at the same October 31, 2025 board meeting (company filing) Board to consider other routine and strategic matters alongside financial results during the October 31, 2025 meeting (company filing) Valuation Changes Fair Value Estimate has risen slightly to about ₹833 from roughly ₹825 per share, reflecting modestly more optimistic assumptions.
Narrative Update • Dec 01

504067: October 31 Board Meeting Will Shape Outlook With Balanced Signals

Analysts have slightly lowered their price target for Zensar Technologies from ₹830.17 to ₹825.17. They cite marginal adjustments in revenue growth forecasts and discount rates as the primary drivers of this update.
Narrative Update • Nov 16

504067: Earnings Review On October 31 Is Expected To Drive Interest

Analysts have lowered their price target for Zensar Technologies from ₹866.42 to ₹830.17, citing modest reductions in projected revenue growth and profit margin estimates. What's in the News Zensar Technologies has scheduled a Board Meeting on October 31, 2025, at 16:00 IST to review and approve its unaudited financial results for the quarter and half year ended September 30, 2025.
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New Narrative • Feb 11

AI Upskilling And Sustainability Focus Will Boost Future Prospects

Strong order bookings and enhanced service capabilities suggest potential future revenue and earnings growth through diverse and innovative solutions.

CEO Compensation Analysis

How has Manish Tandon's remuneration changed compared to Zensar Technologies's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

₹8b

Dec 31 2025n/an/a

₹7b

Sep 30 2025n/an/a

₹7b

Jun 30 2025n/an/a

₹7b

Mar 31 2025₹242m₹2m

₹6b

Dec 31 2024n/an/a

₹6b

Sep 30 2024n/an/a

₹6b

Jun 30 2024n/an/a

₹7b

Mar 31 2024₹2m₹2m

₹7b

Compensation vs Market: Manish's total compensation ($USD2.56M) is above average for companies of similar size in the Indian market ($USD499.00K).

Compensation vs Earnings: Manish's compensation has increased by more than 20% in the past year.

CEO

Manish Tandon (56 yo)

3.3yrs
Tenure
₹242,000,000
Compensation

Mr. Manish Tandon is Chief Executive Officer and Managing Director of Zensar Technologies Limited from January 23, 2023 and it's Executive Director since 2023. He served as Chief Executive Officer and Whol...

Leadership Team

NamePositionTenureCompensationOwnership
Manish Tandon
CEO, MD & Executive Director3.3yrs₹242.00m0.14%
₹ 169.0m
Pulkit Bhandari
Senior Vice President & Chief Financial Officer1.8yrs₹28.00mno data
Anand Daga
Company Secretary & Compliance Officer1.8yrs₹10.81mno data
Vijayasimha Alilughatta
Chief Operating Officer3.2yrsno datano data
Harish Lala
Executive VP and Head of Telecommunication2.3yrs₹2.55m0.0062%
₹ 7.4m
Vivek Ranjan
Executive Vice President & CHROno data₹15.06mno data
Chaitanya Rajebahadur
Executive VP and Global Head of Digital & Studios9.8yrsno datano data
Nachiketa Mitra
Executive VP and Head of Banking5.9yrsno datano data
Pratik Maroo
Senior VP and Head of Healthcare & Life Sciences2.3yrsno datano data
Parag Jain
Executive VP and Head of Manufacturing1.8yrsno datano data
Anshul Srivastav
Senior VP and Head of UK & Europe1.1yrsno datano data
Kaushik Chatterjee
Senior VP & Head of Africa1.1yrsno datano data
2.3yrs
Average Tenure
51yo
Average Age

Experienced Management: 504067's management team is considered experienced (2.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Manish Tandon
CEO, MD & Executive Director3.3yrs₹242.00m0.14%
₹ 169.0m
Harshvardhan Goenka
Non-Executive & Non-Independent Chairman of the Board24.7yrs₹27.30m0.066%
₹ 78.8m
Ketan Dalal
Non-Executive Independent Director8.5yrs₹3.87mno data
Anant Goenka
Non-Executive Non-Independent Vice-Chairman7.3yrs₹21.76mno data
Ben Druskin
Non-Executive Independent Director8.5yrs₹1.54mno data
Radha Rajappa
Non-Executive Independent Director6.8yrs₹3.11mno data
Pravin Udhyavara Rao
Non-Executive Independent Director3.7yrs₹3.60mno data
7.3yrs
Average Tenure
59yo
Average Age

Experienced Board: 504067's board of directors are considered experienced (7.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/08 04:37
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Zensar Technologies Limited is covered by 22 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mohit JainAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.
null nullAsian Markets Securities Private Limited