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ZENSAR TECHNOLOGIES LTDZZ

ZENSAR TECHNOLOGIES LTD

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ZENSARTECH trade ideas

Zensar Tech may double in 1 yearZensar Technologies Ltd ABOUT Zensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India. It operates in two segments: Application Management Service and Infrastructure management service. It is focused on industry verticals, such as Hitech & manufacturing, consumer services, and banking, financial services, and insurance. They have offices located in India, the USA, UK, Europe, and Africa. KEY POINTS Zensar is part of the ~Rs. 263 billion (FY2021 revenues) RPG Group, which has a diversified presence in infrastructure, tyres, technology and pharmaceuticals. It derives financial flexibility and benefits from the strong management lineage of the Group. Business segments Digital and Application Services (~83% of total revenue in FY22): It includes Custom Applications Management Services that include Application Development, Maintenance, Support, Modernization and Testing Services across a wide technology spectrum and Industry verticals. Digital Foundation Services(~17% of total revenue in FY22): Infrastructure management services includes Hybrid IT, Digital workplace, Dynamic Security and Unified IT provided under managed service platform using automation, autonomics and machine learning. As of Q3FY23, Net cash of $179.4M As of Q3FY23, Total headcounts stood at 10,845 Revenue Segments As of Q3FY23, Revenue segmentation HTM(Hi-tech and manufacturing) accounted for 46% of revenue, BFSI accounted for ~36% of revenue, CS accounted for ~18% of revenue Geographical Mix(Q3FY23) USA accounted for 70% of revenue, UK/EU accounted for ~19% of revenue, South Africa accounted for ~11% of revenue Major Clients As of Q3FY23, Top 5 clients accounted for 31.9% revenue, Top 10 clients accounted for 44.7%, Top 20 clients accounted for 61.3% As of Q3FY23, there were 28 - 5M+ clients, 15 - 10M+ clients, 4 - 20M+ clients Disinvestments Due to a service agreement between Aquila Technology Corporation (Acquired by the Co in 2010) and a customer of Aquila which did not allow the company to have control over Aquila’s operations. On 25 February 2021, Company signed an agreement for the sale of its investment in Aquila intending to focus on the core businesses of Zensar group, over which it can exercise control. As a long term strategy to focus on its core business activities, the company has also divested in Third-party management services by selling 100% of its stake in US-based subsidiary PSI Holdings Group Inc. Key Partnerships Cloud Computing: The co has partnered with Microsoft Azure, Adobe, Amazon web services, Google cloud for CX, Software Engineering, Cloud & Data Relationships Enterprise application: The co has partnered with Oracle, SAP, Salesforce, and Guidewire for enterprise applications transformation. New Orders Company secured sizeable new orders in FY2022, translating into TCV worth $576 million in FY2022. The order inflow has a healthy mix of large and mid-sized deals supported by multiple wins across verticals. Also, in Q4 FY2022, ~40% of the deal wins were from new clients.
NLong
by StockEye_Club
2
Zensar Broken 20 EMA with Massive Volume after Long TimeZensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India. It operates in two segments: Application Management Service and Infrastructure management service. It is focused on industry verticals, such as Hitech & manufacturing, consumer services, and banking, financial services, and insurance. They have offices located in India, the USA, UK, Europe, and Africa.
NLong
by curiouscommunityyt
ZENSAR Technologies Trend AnalysisIT stock with sound fundamentals available at fair valuation with multibagger potential in long term. Downside continuation exists as price is moving inside a falling wedge pattern as ending diagonal with declining volume. IT index is about to fall further which will also drag it's price lower. Expecting the price to find strong support around 220 level as it is in confluence with key support, Fib level and trendline support. Good to accumulate around 210-230 levels for the following targets: Medium term swing target @ 415 (88% ROI with 6.5 R:R) Duration < 1 year Long term swing target @ 565 (157% ROI with 11.5 R:R) Duration > 1 year Long term positional target @ 900 (309% ROI with 22.6 R:R) Duration > 1 year Very long term positional target @ 1400 (536% ROI with 39.3 R:R) Duration > 2.5 years Stop loss below 190 (optional) Do your own due diligence before taking any action. Peace!!
NLong
by Swastik24