Motilal Oswal - Zensar Technologies (ZENT) MOSL: ZENSAR TECHNOLOGIES (Buy)-Concentrated efforts in Digital now fructifying

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Motilal Oswal

MOSL: ZENSAR TECHNOLOGIES (Buy)-Concentrated efforts in Digital now fructifying

Zensar Technologies: Concentrated efforts in Digital now fructifying

(ZENT IN, Mkt Cap USD0.7b, CMP INR229, TP INR300, 31% Upside, Buy)

We attended Zensar’s (ZENT) Analyst Day, where the company elaborated on its ‘Living Digital’ philosophy, which it is leveraging to differentiate and grow the Digital business. Key takeaways:

The 'RoD Next' strategy is premised on leveraging artificial intelligence, enhancing customer experience and delivering smarter platforms to achieve sustainable growth.
ZENT has transformed itself into a 'Living Digital' entity by digitizing its core business processes to showcase its capabilities, and in so doing, win deals.
Moreover, the company has positioned itself boldly in the fast-growing 175B digital market by concentrating its efforts on high-growth verticals.
All these efforts are clearly reflecting in deal wins - which has exceeded USD800m in the last six quarters - mainly in new-gen services.
We have a Buy rating with a price target of INR300 which discounts forward earnings by 15x.

29/11/2018 10 EN

Underlying

Zensar Technologies

Zensar Technologies offers a comprehensive range of I.T. services including software development, packaged software implementation and system maintenance services to its worlwide customers operating in different industries. Co. also offers remote services in the voice and non-voice categories.

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INE520A01019 India

Provider

Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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MOSL: ZENSAR TECHNOLOGIES (Buy)-Concentrated efforts in Digital now fructifying

Zensar Technologies Ltd: 1 director

MOSL: ZENSAR TECHNOLOGIES (Buy)- Revenue growth takes a pause

MOSL: ZENSAR TECHNOLOGIES (Buy)-Traction in CIS-deal pipeline remains healthy

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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