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ZENSARTECH Consensus Forecast

No. of reports in last year
11
No. of analysts
6
Average Consensus Forecast
207.36
Consensus Potential
30.84%

ZENSARTECH Price Target Potential

BrokerageTargetPotential
Axis Direct106-21.70%
HDFC Securities98-31.63%
ICICIdirect.com20537.07%
Kotak Securities21239.15%
Karvy Stock Broking24246.69%

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ZENSARTECH Ratings

Long term ZENSARTECH rating by FrontPage users
4.3/5 (8 Ratings)

11 ZENSARTECH share price target reports by brokerages below. See what is analyst's view on ZENSARTECH share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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ZENSARTECH Share Price Target

ZENSARTECH Share Price Target - Broker Reports - 2020

18-May-20
Price @ Call: 89
Target: 106
BUY
UNCERTAINTY PERSIST IN NEAR TERM, RECOVERY IN LONG-TERM Zensar Technologies Ltd (Zensar) reported a sluggish growth in Q4 FY20 due to COVID outbreak. Revenue stood at Rs. 1017.8 crs down 2.8% YoY and 0.3% QoQ. Operating profit showed a growth of 2.6% YoY at Rs. 100 crs while operating margin declined by 70 bps at 9.8% than due to pricing pressure and lower utilization. Net profit for Q4 FY20 stood at Rs.69.5 crs reported a de-growth of 20.1% QoQ. The management expects short term uncertainty in all the major verticals like Hi Tech, Manufacturing, Retail & Consumer, BFSI verticals and across geographies in near term. Zensar showed a strong recovery since onetime expenses in Q3 FY20. Zensar management is expecting weak recovery or tepid growth in H1 FY20 aided mainly by COVID-19 outbreak and expects recovery in H2 FY21.
... Read more
16-May-20
Price @ Call: 87.25
Target: 98
ADD
Elusive quest for growth Zensar registered strong margin recovery (+705bps QoQ) but revenue decline was higher than estimate. The deal pipeline continues to be robust (USD 1bn) but TCV has slowed down (-25% YoY) due to Covid-19 related uncertainty. Digital is the key revenue driver but Legacy drag (-9.7% in FY20) is weighing on growth. Delay in decision making, pricing pressure, cut in discretionary spending and high exposure to Hi-Tech, Manufacturing and Retail will pose growth challenges in FY21E. We cut our FY21/22E rev est. by 5.7/5.8% to factor uncertainty. Increase FY21/22E EPS est. by +2.2/+3.9% due to margin reset. Our TP of Rs 98 is based on 8x (~30% discount to 5Y avg.) FY22E EPS. Maintain ADD
... Read more
27-Jan-20
Price @ Call: 174.3
Target: 205
BUY
Zensar is well placed in terms of providing IT services in the digital space. Further, focus on large deal wins and mining of top 50 clients bodes well for revenue growth in the long term. In addition, growth in digital and cloud infrastructure services along with operating leverage would boost margins. Although this quarter was a disappointment, we expect improving signs to be visible from next quarter onwards (management indicated to reach industry level revenue growth in FY21E and margins of 14-15% in medium term). Consequently, the company is expected to register revenue and PAT CAGR of 8.5% and 12.5% over FY19-21E, respectively. Hence, we maintain BUY rating on the stock with target price of Rs 205/ share (~10x PE FY22E).
... Read more

ZENSARTECH Share Price Target - Broker Reports - 2019

20-Dec-19
Price @ Call: 176.97
Target: 210
BUY
Zensar is well placed in terms of providing IT services in the digital space. Further, focus on large deal wins and mining of top 50 clients bodes well for revenue growth in the long term. In addition, we expect higher organic growth, divestment of non-core business and scale in large deals to boost margins. Consequently, the company is expected to register revenue and PAT CAGR of 11.7% and 15.6% over FY19-21E, respectively. Considering the robust growth, we have a BUY recommendation on Zensar and assign a P/E multiple of ~11x (PEG of 0.6) leading to a target price of Rs 210/share.
... Read more
30-Oct-19
Price @ Call: 187
Target: 214
BUY
The slowdown in the key business vertical viz. CIS may impact revenue upcoming quarters in the near terms. However total deal wins remained strong with $1bn which will aid higher growth momentum in longer run. We remainbullishonthebusinesstoregainitsmomentumbackedbylargedealswinsinlongerrun. Weassign11.3x P/E multiple to its FY21E earnings of Rs. 18.9 per share which gives a target price of Rs. 214 per share, an upside of 15%.
... Read more
23-Oct-19
Price @ Call: 190.12
Target: 212
ADD
Factoring Q2FY19 performance, we have lowered our estimates to Rs 10.4 (earlier Rs10.8) and Rs 11.5 (earlier Rs11.6) for FY20E and FY21E, respectively. We continue to maintain our positive view on CDSL’s business model, having anannuity based revenue stream (opportunity is emerging with demat of 60-65k unlisted public companies with negligible costs), new growth avenues of Insurance & Academics yet to start contributing, as MHRD yet to decide the final pricing decision (as per the management), robust cash flow generation coupled with a strong balance sheet (Net cash of Rs 7.07bn) and stable dividend policy. At CMP, the stock is trading at 19.8x/17.9x FY20E/FY21E earnings. Given the limited upside, we recommend ADD (earlier BUY) with a revised target price of Rs223 (earlier Rs225), valuing CDSL on SOTP basis.
... Read more
16-Aug-19
Price @ Call: 216.75
Target: 270
BUY
Zensar Ltd is well positioned in terms of providing IT services mainly targeting Digital services. The specific focus on verticals like manufacturing, Insurance and Retail will help to Zensar to gain higher growth momentum. When computed over FY19-FY21E, we estimate the company to post robust growth of 13% CAGR in revenues and 18% CAGR in earnings on the back of strong deal pipeline and higher demand for digital across geographies. We value Zensar Technologies Ltd at 13.8x FY21E (19.5/share) to arrive at price target of Rs.270 giving an upside of 23%
... Read more
16-Aug-19
Price @ Call: 216.75
Target: 232
ADD
We expect Zensar to report an EPS of Rs.16.3/share in FY20E and Rs. 19.3/share in FY21E supported by strong deal pipeline. Revenue outlook remains strong on the back of the deal momentum of recent quarters. We maintain ADD rating with an unchanged target price of Rs.232. We have valued the stock at 12x PE on FY21E earnings, discount to its peers considering its size, financial performance, etc.
... Read more
9-Aug-19
Price @ Call: 219.05
Target: 242
HOLD
While we are positive about Zensar’s growth prospects given the strong revenue visibility in terms of strong growth in TCV and strong deal pipeline. We are also positive about Zensar’s focused strategy on it core areas of strength. However, we believe that margin improvement is still some quarters away, which might restrict upside movement in the stock. We rate Zensar “HOLD” with a target price of Rs. 242, upside of 12%. We value Zensar on 3-Yr historical average of 17.6x on FY21E EOPS of Rs. 13.8. Sustained weakness in Retail and slowdown in IT spending due to macro factors remain key risks to our call.
... Read more
9-Aug-19
Price @ Call: 215.05
Target: 232
ADD
We expect Zensar to report an EPS of Rs.16.3/share (earlier Rs.16.7) in FY20E and an EPS of Rs. 19.3/share in FY21E (earlier Rs.19.8) supported by strong deal pipeline. Revenue outlook remains strong on the back of the deal momentum of the recent quarters. We maintain ADD rating with a revised target price of Rs.232 (Rs.267 earlier).
... Read more
8-Aug-19
Price @ Call: 215.25
Target: 260
ACCUMULATE
We believe execution holds the key to drive strong growth, which in turn will aid margin performance. Digital (48.5% of revenues) showed a sustained growth of 6.7% QoQ & 28.3% YoY on the back of clear focus on Automation driven by Cloud & Infrastructure platforms and RPA and we believe Zensar’s investment inReturn on digital is showing them results. We maintain our FY20E/21E USD revenue estimate and expects USD revenue and EPS CAGR of 13.4% and 20.8% respectively over FY19-21E. Our TP stands at Rs 260 (13x FY21E). The stock trades at attractive multiple of 13.3x/10.8x FY20E/FY21E EPS of Rs 16/Rs 20. Maintain Accumulate.
... Read more
10-May-19
Price @ Call: 246.32
Target: 270
HOLD
We remain positive on ZENT given a) strong digital capabilities aided by its Return on Digital (RoD) and RoD Next offerings. b) good revenue visibility with robust growth in TCV and strong deal pipeline and c) stable margin outlook with upside risks owing to increasing contribution of digital deals. We recommend “HOLD” on the stock with a target price of Rs. 270, and an upside potential of 13%. We value Zensar at PE of 18x on FY21E EPS of Rs. 15.6.
... Read more
3-May-19
Price @ Call: 249.71
Target: 267
ADD
We are introducing FY21E earnings and roll-forward our valuation on FY21E earnings. We expect Zensar to report an EPS of Rs.16.7/share (earlier Rs.16.5/- ) in FY20E and an EPS of Rs. 19.8/share in FY21E supported by strong deal pipeline. Revenue outlook remains strong on the back of the deal momentum of recent quarters. We maintain ADD with a revised target price of Rs.267 (Rs.239 earlier).
... Read more
3-May-19
Price @ Call: 249.71
Target: 305
BUY
We maintain BUY on Zensar post better than expected 4QFY19. Growth in TCV (+25% YoY) and robust deal pipeline of ~USD 1bn provides growth visibility. Our TP is Rs 305 implying 16x FY21E EPS. Zensar is one of our Top picks in Tier-2 IT.
... Read more
5-May-19
Price @ Call: 249.71
Target: 260
ACCUMULATE
Management highlighted demand environment continues to be strong. Focus on large deals is also improving the quality of pipeline with 60% of deals (Q3FY19: 55%) being contested with TCV over USD 10 mn+. Digital (46% of revenues) showed a sustained growth of 8% QoQ & 36% YoY and we believe Zensar’s investment in Return on digital is showing them results. We raise our FY20E/21E USD revenue estimate by 2.1%/2.2% on revenue beat in Q4. We expect USD revenue CAGR of 12% over FY19-21E. Our revised TP stands at Rs 260 (13x FY21E) vs. Rs 256 earlier, implying 6% upside from CMP of Rs 246.The stock trades at 15x/12x FY20E/FY21E EPS of Rs 17/ Rs 20. Maintain Accumulate.
... Read more
28-Jan-19
Price @ Call: 225.86
Target: 307
BUY
28-Jan-19
Price @ Call: 225
Target: 264
BUY
24-Jan-19
Price @ Call: 224.34
Target: 239
ACCUMULATE
23-Jan-19
Price @ Call: 223.82
Target: 300
ACCUMULATE
23-Jan-19
Price @ Call: 221.6
Target: 260
BUY
23-Jan-19
Price @ Call: 221.6
Target: 278
BUY

ZENSARTECH Share Price Target - Broker Reports - 2018

6-Dec-18
Price @ Call: 233.89
Target: 257
ACCUMULATE
28-Nov-18
Price @ Call: 228.04
Target: 300
BUY
26-Oct-18
Price @ Call: 227.84
Target: 288
BUY
25-Oct-18
Price @ Call: 235.4
Target: 257
ACCUMULATE
25-Oct-18
Price @ Call: 235.4
Target: 290
BUY
25-Oct-18
Price @ Call: 235.4
Target: 320
BUY
24-Oct-18
Price @ Call: 243.8
Target: 280
ACCUMULATE
13-Aug-18
Price @ Call: 246.05
Target: 289
BUY
10-Aug-18
Price @ Call: 251.81
Target: 300
BUY
10-Aug-18
Price @ Call: 238.8
Target: 282
BUY
25-Jul-18
Price @ Call: 245.2
Target: 280
BUY
25-May-18
Price @ Call: 260.34
Target: 270
BUY
15-Jun-18
Price @ Call: 248.26
Target: 290
BUY
27-Apr-18
Price @ Call: 248.74
Target: 266.4
ACCUMULATE
26-Apr-18
Price @ Call: 241.59
Target: 280
BUY
22-Jan-18
Price @ Call: 180.04
Target: 220
BUY
8-Jan-18
Price @ Call: 173.54
Target: 200
BUY

ZENSARTECH Share Price Target - Broker Reports - 2017

13-Dec-17
Price @ Call: 167.15
Target: 184.8
HOLD
7-Nov-17
Price @ Call: 166.8
Target: 204
BUY
16-Sep-17
Price @ Call: 154.63
Target: 190
BUY
28-Jul-17
Price @ Call: 160.51
Target: 185.4
BUY
21-Jul-17
Price @ Call: 166
Target: 190
BUY
24-Jul-17
Price @ Call: 165.6
Target: 190
BUY
12-Jun-17
Price @ Call: 174.8
Target: 198
BUY
4-May-17
Price @ Call: 892
Target: 1000
BUY
26-Apr-17
Price @ Call: 838
Target: 750
SELL
26-Apr-17
Price @ Call: 835
Target: 1020
BUY
27-Apr-17
Price @ Call: 839
Target: 1023
BUY
19-Jan-17
Price @ Call: 919
Target: 1075
BUY
25-Jan-17
Price @ Call: 912
Target: 1200
BUY

ZENSARTECH Share Price Target - Broker Reports - 2016

18-Oct-16
Price @ Call: 998
Target: 1175
BUY
8-Sep-16
Price @ Call: 1005
Target: 1300
BUY
4-Jul-16
Price @ Call: 979
Target: 1300
BUY
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  • ZENSARTECH Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3139.03
    Upside Target 2136.27
    Upside Target 1132.63
    Pivot129.87
    Downside Target 1126.23
    Downside Target 2123.47
    Downside Target 3119.83
  • ZENSARTECH Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3143.53
    Upside Target 2137.92
    Upside Target 1132.73
    Pivot127.12
    Downside Target 1121.93
    Downside Target 2116.32
    Downside Target 3111.13
  • ZENSARTECH Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3234.9
    Upside Target 2197.95
    Upside Target 1160.9
    Pivot123.95
    Downside Target 186.9
    Downside Target 249.95
    Downside Target 312.9
  • ZENSARTECH Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3136.27
    Upside Target 2133.82
    Upside Target 1132.31
    Pivot129.87
    Downside Target 1127.42
    Downside Target 2125.91
    Downside Target 3123.47
  • ZENSARTECH Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3137.92
    Upside Target 2133.79
    Upside Target 1131.24
    Pivot127.12
    Downside Target 1122.99
    Downside Target 2120.44
    Downside Target 3116.32
  • ZENSARTECH Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3197.95
    Upside Target 2169.68
    Upside Target 1152.22
    Pivot123.95
    Downside Target 195.68
    Downside Target 278.22
    Downside Target 349.95
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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