Persistent Systems Ltd logo

Persistent Systems Ltd

PERSISTENT NSE

Key Fundamentals

MidcapComputer Software & ConsultingInformation Technology
Market Cap
₹87,315 Cr
Volatility
Moderate
P/E Ratio
44.54
EBITDA
₹2,976 Cr
Return on Equity
23.8%
Debt to Equity
0.06
Book Value
₹496.85
EPS
₹76.02
52W High
₹6,599
52W Low
₹4,244.5

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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50 extracted metrics + investor summaries across FY15–FY26.

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Technical Indicators

Key Insights

Strengths

5
  • Company is almost debt free.
  • Company has delivered good profit growth of 35.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.6%
  • Company has been maintaining a healthy dividend payout of 36.5%
  • Company's median sales growth is 19.6% of last 10 years

Weaknesses

1
  • Stock is trading at 11.2 times its book value

Growth Rate

Revenue Growth
23.62% ↗
Net Income Growth
33.20% ↗
Cash Flow Change
52.74% ↗
ROE
7.40% ↗
ROCE
2.73% ↗
EBITDA Margin (Avg.)
9.57% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Persistent Systems is a mid-cap IT services company with a market cap of ₹86,439 Cr, trading at a PE of 44.8x and 11x book value. The company has delivered strong compounded profit growth of 36% CAGR over 5 years with consistent ROE of 25-27%, while operating in a virtually debt-free position.

Bull Case 8
  • Exceptional profit growth of 35.8% CAGR over the last 5 years, significantly outpacing the broader IT sector
  • Consistent and high return on equity at 27% in the last year, with a 3-year average of 25.6%
  • Company is almost debt-free, providing financial flexibility and lower risk during downturns
  • TTM revenue growth of 25% demonstrates continued strong demand momentum
  • 10-year stock CAGR of 32% reflects sustained long-term value creation for shareholders
  • Healthy dividend payout ratio of 36.5% indicates shareholder-friendly capital allocation alongside growth
  • Median sales growth of 19.6% over the last 10 years shows consistency in top-line expansion across cycles
  • TTM profit growth of 31% continues to outpace revenue growth of 25%, indicating improving operating leverage
Bear Case 7
  • Stock trades at 11x price-to-book value, a steep premium that prices in significant future growth expectations
  • PE ratio of 44.8x is elevated relative to the broader IT sector average of 25-30x, leaving limited margin of safety
  • Dividend yield of only 0.73% offers minimal income return at current valuations
  • 1-year stock CAGR of just 4% suggests the market may already be digesting the high valuation after prior run-ups
  • Revenue growth has decelerated from 29% (5-year CAGR) to 21% (3-year CAGR), indicating potential slowing momentum
  • At ₹86,439 Cr market cap, the company needs to sustain high growth rates for many years to justify current multiples, raising execution risk
  • ROE improvement from 22% (10-year) to 27% (last year) may face mean-reversion pressure as the company scales further

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Positives 3
  • Nagarro acquisition at 140% premium Aug 6

    Persistent launched a public takeover offer for all Nagarro SE shares at EUR 81/share (~140% premium), with acceptance period running until Sep 17, 2026 and minimum threshold of 50%+1 shares.

  • Q1FY27 profit up 13.7% YoY Aug 2

    Consolidated net profit rose to ₹4,830 crore in Q1FY27, up 13.7% YoY. The Board also approved the Nagarro acquisition to expand European presence.

  • Shareholders approve Nagarro deal Aug 3

    At the 36th AGM on Aug 3, shareholders approved the Nagarro SE acquisition via Galaxy Germany Holding SE, along with a ₹40/share dividend for FY26.

Neutral 3
  • Investor meets scheduled Aug 20-24 Aug 17

    Persistent added virtual one-on-one sessions with Premji Invest (Aug 20) and MFS International (Aug 24), reiterating Q1 FY27 results with no new UPSI shared.

  • ₹28.42 Cr block trade on NSE Aug 10

    A block trade of ~51,508 shares executed at ₹5,517.50/share on NSE, totaling ₹28.42 crore, likely involving institutional participants.

  • Non-deal roadshow with six MFs Aug 5

    Persistent held a non-deal roadshow on Aug 4-5 with six mutual funds, reiterating Q1FY27 earnings without sharing any unpublished information.

TL;DR: Persistent Systems is executing well with 13.7% YoY profit growth in Q1FY27 and is making an aggressive strategic move to acquire Nagarro SE at EUR 81/share to build European scale. Shareholder approval is secured and the formal tender offer is live. Key risks ahead include execution and integration of the Nagarro deal and the premium paid; if the acceptance threshold is not met, the strategy stalls. The near-term trend is decisively positive with strong earnings momentum and a transformative M&A catalyst.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,321
2,412
2,498
2,591
2,737
2,897
3,062
3,242
3,334
3,581
3,778
4,056
4,303
Expenses
1,947
2,007
2,056
2,136
2,282
2,416
2,524
2,658
2,722
2,898
3,045
3,288
3,606
Operating Profit
374
405
442
454
455
481
538
584
612
683
733
768
697
OPM %
16%
17%
18%
18%
17%
17%
18%
18%
18%
19%
19%
19%
16%
Other Income
22
37
38
31
31
47
43
18
55
52
-49
33
71
Interest
13
12
12
10
14
18
16
18
17
18
19
19
29
Depreciation
76
74
79
80
71
74
82
79
94
100
101
109
115
PBT
307
356
389
395
401
435
482
505
555
617
565
674
623
Tax %
25%
26%
26%
20%
24%
25%
23%
22%
23%
24%
22%
21%
22%
Net Profit
229
263
286
315
306
325
373
396
425
471
439
529
483
EPS in Rs
14.86
17.11
18.59
20.47
19.89
21.02
24.12
25.59
27.17
30.15
27.86
33.55
30.62
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,891
2,312
2,878
3,034
3,366
3,566
4,188
5,711
8,351
9,822
11,939
14,748
15,718
Expenses
1,501
1,921
2,413
2,565
2,810
3,073
3,505
4,753
6,831
8,146
9,881
11,953
12,837
Operating Profit
390
392
465
469
556
493
683
958
1,519
1,676
2,058
2,796
2,881
OPM %
21%
17%
16%
15%
17%
14%
16%
17%
18%
17%
17%
19%
18%
Other Income
94
77
84
119
88
132
108
144
41
128
138
91
107
Interest
0
0
0
0
0
6
6
12
47
47
67
73
85
Depreciation
94
99
149
158
157
166
176
166
272
309
307
403
424
PBT
390
370
401
429
486
452
609
924
1,241
1,448
1,822
2,411
2,479
Tax %
25%
25%
25%
25%
28%
25%
26%
25%
26%
24%
23%
23%
—
Net Profit
291
277
301
323
352
340
451
690
921
1,093
1,400
1,865
1,923
EPS in Rs
18.16
17.33
18.84
20.19
21.98
22.26
29.48
45.15
60.24
70.98
90.54
118
122
Div. Payout %
41%
23%
24%
25%
25%
27%
34%
34%
41%
37%
39%
34%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
80
80
80
80
79
76
76
76
76
77
78
79
Reserves
1,326
1,578
1,819
2,047
2,266
2,309
2,719
3,292
3,889
4,881
6,241
7,759
Borrowings
4
3
3
2
2
71
98
578
655
451
311
477
Other Liabilities
365
459
433
514
509
635
771
1,473
1,999
1,997
2,092
3,029
Total Liabilities
1,775
2,120
2,335
2,644
2,856
3,092
3,666
5,419
6,619
7,405
8,722
11,344
Fixed Assets
408
437
536
512
401
432
457
1,534
2,341
2,221
2,541
2,856
CWIP
4
27
29
5
32
30
12
107
16
34
77
38
Investments
674
638
684
880
764
979
1,000
822
640
827
980
1,615
Other Assets
689
1,018
1,086
1,247
1,659
1,652
2,197
2,956
3,622
4,324
5,123
6,836
Total Assets
1,775
2,120
2,335
2,644
2,856
3,092
3,666
5,419
6,619
7,405
8,722
11,344
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
312
254
286
421
432
352
736
845
956
1,302
1,157
1,767
Investing
-230
-86
-222
-337
-233
-6
-540
-971
-383
-525
-517
-618
Financing
-66
-127
-58
-96
-160
-329
-144
182
-404
-582
-628
-748
Net Cash Flow
16
41
6
-12
39
16
52
56
169
196
12
401
Free Cash Flow
216
89
70
356
395
277
611
464
524
947
964
1,572
CFO/OP
105
91
84
116
103
98
131
113
85
98
81
86
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
69
67
60
58
53
61
50
61
69
62
82
83
Cash Conversion Cycle
69
67
60
58
53
61
50
61
69
62
82
83
Working Capital Days
29
40
49
53
43
37
25
4
20
24
47
50
ROCE %
29%
23%
23%
20%
20%
18%
21%
26%
30%
29%
31%
34%

Shareholding Pattern

As of Jun 2026
Promoters 30.29%
DIIs 30.24%
FIIs 20.79%
Public 13.96%
Others 4.71%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
31.29%
31.26%
31.26%
31.26%
31.26%
31.26%
31.26%
31.26%
31.26%
31.06%
31.06%
31.06%
31.02%
31.02%
30.66%
30.66%
30.66%
30.56%
30.56%
30.29%
30.29%
30.29%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.12%
0.01%
0.02%
0.00%
21.34%
24.55%
24.96%
22.55%
23.33%
24.75%
24.36%
24.19%
21.23%
22.80%
22.12%
20.79%
DIIs
28.25%
28.62%
27.35%
26.31%
26.15%
25.34%
25.00%
26.41%
27.61%
28.04%
28.67%
26.14%
25.88%
28.23%
27.37%
26.26%
26.85%
27.78%
30.60%
29.82%
30.48%
30.24%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
14.64%
14.98%
15.69%
15.73%
16.02%
16.46%
17.31%
16.51%
15.12%
14.76%
13.92%
13.62%
13.70%
14.20%
13.67%
13.74%
13.76%
13.49%
13.87%
12.88%
12.70%
13.96%
Others
25.82%
25.14%
25.70%
26.69%
26.57%
26.93%
26.30%
25.80%
25.99%
26.14%
5.01%
4.63%
4.44%
3.99%
4.96%
4.57%
4.36%
3.99%
3.74%
4.22%
4.41%
4.71%
No. of Shareholders
0
67,849
90,220
1,27,584
1,51,610
1,71,875
1,93,024
2,14,091
2,00,720
1,87,082
1,82,193
1,85,728
1,89,570
2,30,063
2,28,534
2,39,682
2,38,795
2,43,441
2,54,897
2,33,787
2,40,518
2,84,983

Documents

Frequently Asked Questions about Persistent Systems Ltd

What does Persistent Systems Ltd do?
Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration [1]. It also has partnership with providers such as Salesforce and AWS [2].
Where is Persistent Systems Ltd (PERSISTENT) listed?
Persistent Systems Ltd is listed on the Indian stock exchanges. It is listed on NSE: PERSISTENT and BSE: 533179. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Persistent Systems Ltd belong to?
Persistent Systems Ltd operates in the Information Technology sector within the Computer Software & Consulting industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Persistent Systems Ltd?
Persistent Systems Ltd has a market capitalisation of approximately ₹87314.62 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Persistent Systems Ltd?
The Price-to-Earnings (PE) ratio of Persistent Systems Ltd is 44.54. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Persistent Systems Ltd?
Over the past 52 weeks, Persistent Systems Ltd has traded between a low of ₹4,244.5 and a high of ₹6,599. This range helps investors understand the stock's price volatility and recent trading levels.
Does Persistent Systems Ltd pay dividends?
Yes, Persistent Systems Ltd has a dividend yield of 0.72%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Persistent Systems Ltd?
Persistent Systems Ltd has a Return on Equity (ROE) of 23.80%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Persistent Systems Ltd on Tapetide?
On Tapetide, you can view Persistent Systems Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration [1]. It also has partnership with providers such as Salesforce and AWS [2].

Website persistent.com
CEO Dr. Anand Suresh Deshpande Ph.D.
Employees 22,205
Listed 2010-04-06
Face Value ₹ 5
Issued Size 15,77,50,000

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