Monday, January 25, 2010

Stock Idea: Zensar Technologies Ltd

Zensar Technologies Ltd— BUY—295—INR
Sector — Information Technology (Hardware & Software)
Regd.Off.— Mile Post No. 4,Nagar Road, Pune – 411014
Listed — NSE, BSE.
Company overview—
Company was incorporated in March, 1983 as International Computers and Tabulators. Indian Manufacturing Company was established in technical and financial collaboration with International Computers, UK. Company was promoted in foreign collaborators ICL, UK; Fujitsu, Japan; and Northern Telecom, Canada. Company headquarter is situated in Pune, India, and spread across 18 countries, 23 locations, with the delivery centers in India & China. It changed the name of its subsidiary companies, International Computer (india), ICIM International Inc & ICIL Singapore Pte to Zenstar Technologies, Zenstar Technologies Inc & Zenstar Technologies (Singapore). In 2001, merger of Fujitsu ICIM and Zensar Technologies was approved and name of the company was changed to 'Zensar Technologies Ltd. Zensar has expertise in key verticals of manufacturing, retail, logistics, financial services, telecom and utilities. Company offers end-to-end solutions across diverse technology platforms and industry domains through a Global Delivery Model, which delivers 24 X 7 services. Company ranked amongst India’s top 25 software companies by NASSCOM. It provides business solutions to Fortune 500 customers spread across the globe. Company was the first company in the world to achieve Enterprise-wide SEI-CMM Level-5 (1999) and CMMI-Level-5.
Products & Services—
Company has SEI CMMI LEVEL 5, SEI CMM LEVEL 5, ISO 9001:2000 and BS7799 certifications. Company manufactures and markets computer hardware and software. Its chief products are digital computer systems including peripherals. Company manufactures the entire range of hardware products, ranging from PCs to mainframe computers. It has entered into collaborations with Fujitsu, Japan, and Genicom, US, to manufacture line printers. Company tied up with Sun Micro Systems, the world leader in UNIX workstations and servers.
Company is engaged into application development, application migration, application support & maintenance, business intelligence and data warehousing, contact centers, embedded and system software, enterprise collaboration & content management, infrastructure management, knowledge management, offshorability consulting, package solutions, package consulting, product engineering services, shared services, testing services, transaction processing etc.
Company caters to Distribution & Logistics, Entertainment, Financial services, Manufacturing, Retail, Telecommunications, Utilities and other industries. Company has strategic alliances with Systemsoft in Mexico, Broadengate in China, inet technologies in Switzerland and Blue Slate in the US, strengthening its presence in various territories. It has also entered into an alliance with Microland for enhanced infrastructure management offerings.
Its clientele includes Cisco, National Grid, Fujitsu, Marks and Spencer, Danaher Corporation, Electronic Arts and Logitech among others. Zensar has also forged strategic technology partnerships with global technology leaders such as IBM, Microsoft, Sun Microsystems and Oracle. These partnerships enable Zensar to leverage its core competencies, ensuring comprehensive and state-of-the-art business solutions to its customers.
Recently, RPG Cellular Investment & Holdings (P) has bought 1.83% stake in Zensar Technologies for an aggregate amount of Rs 142.51 million. At CMP, stock is trading at attractive valuation of 5.9 P/E multiple of its FY2011 estimated earnings. We recommend investors to buy "Zensar Technologies Limited" with medium to long-term investment prospective.
Source: Internet (Valuenotes by Abhishek Jain)

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