Persistent Systems Ltd

Persistent Sys Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Persistent Systems Ltd

₹ 3,858 0.37%
19 Apr 11:35 a.m.
persistent.com BSE: 533179 NSE : PERSISTENT
About

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].

Key Points

Solutions Offered[1]
The company provides complete Digital Engineering solutions for :
a Product & Platform Engineering
b CX & Design-Led Transformation
c Cloud-enabled Enterprise Modernization
d Data & Artificial Intelligence
e Intelligent Automation

Website BSE NSE
  • Market Cap ₹ 59,432 Cr.
  • Current Price ₹ 3,858
  • High / Low ₹ 4,490 / 2,112
  • Stock P/E 56.1
  • Book Value ₹ 294
  • Dividend Yield 0.52 %
  • ROCE 28.8 %
  • ROE 22.1 %
  • Face Value ₹ 5.00
Edit ratios

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 19.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 37.7%

Cons

  • Stock is trading at 13.1 times its book value
  • Debtor days have increased from 54.5 to 74.8 days.
  • Working capital days have increased from 49.3 days to 70.9 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Large

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
643 685 765 847 929 1,035 1,102 1,225 1,307 1,483 1,545 1,669 1,669
499 513 560 646 712 788 864 966 1,026 1,107 1,207 1,296 1,315
Operating Profit 143 172 205 201 217 248 238 259 281 376 338 373 354
OPM % 22% 25% 27% 24% 23% 24% 22% 21% 21% 25% 22% 22% 21%
33 35 34 28 31 39 24 11 -1 11 29 61 40
Interest 1 1 2 2 2 2 2 3 4 5 4 4 4
Depreciation 14 16 16 20 22 26 28 33 34 39 39 40 41
Profit before tax 161 190 221 208 224 259 231 233 242 344 323 389 348
Tax % 22% 26% 25% 27% 23% 25% 24% 25% 24% 25% 25% 23% 25%
126 140 166 152 173 194 175 175 183 258 244 298 260
EPS in Rs 8.23 9.16 10.86 9.97 11.31 12.72 11.44 11.45 11.95 16.90 15.83 19.39 16.88
Raw PDF
Upcoming result date: 22 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
810 997 1,184 1,242 1,447 1,733 1,733 1,960 2,108 2,480 3,575 5,118 6,367
596 719 818 940 1,122 1,363 1,351 1,579 1,675 1,869 2,705 3,964 4,926
Operating Profit 214 278 366 303 326 370 381 381 434 611 870 1,154 1,441
OPM % 26% 28% 31% 24% 22% 21% 22% 19% 21% 25% 24% 23% 23%
32 29 34 96 79 95 128 104 159 118 132 44 140
Interest 0 0 0 0 0 0 0 0 4 4 7 13 18
Depreciation 56 60 58 49 59 61 54 46 56 57 84 134 160
Profit before tax 190 247 342 349 346 404 455 438 533 668 912 1,050 1,404
Tax % 28% 26% 27% 26% 28% 27% 25% 28% 23% 24% 25% 25%
137 182 249 259 250 294 342 315 408 505 686 791 1,060
EPS in Rs 8.59 11.36 15.54 16.21 15.60 18.38 21.38 19.69 26.67 33.03 44.86 51.74 69.00
Dividend Payout % 17% 20% 19% 46% 26% 24% 23% 28% 22% 30% 35% 48%
Compounded Sales Growth
10 Years: 18%
5 Years: 24%
3 Years: 34%
TTM: 36%
Compounded Profit Growth
10 Years: 16%
5 Years: 20%
3 Years: 27%
TTM: 41%
Stock Price CAGR
10 Years: 31%
5 Years: 65%
3 Years: 59%
1 Year: 79%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 21%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 40 40 40 80 80 80 80 79 76 76 76 76 77
Reserves 798 966 1,162 1,275 1,485 1,734 1,973 2,142 2,222 2,689 3,242 3,865 4,447
1 1 3 4 3 3 2 2 37 39 76 156 165
132 122 143 203 221 242 224 266 326 471 556 801 802
Total Liabilities 971 1,129 1,348 1,562 1,789 2,059 2,279 2,489 2,662 3,275 3,951 4,899 5,490
279 288 272 307 292 272 244 221 237 276 419 688 648
CWIP 52 35 30 4 1 3 1 7 19 11 107 16 40
Investments 262 387 551 769 769 943 1,142 1,084 1,354 1,415 1,308 1,403 1,551
378 420 495 482 727 841 891 1,176 1,052 1,573 2,117 2,792 3,251
Total Assets 971 1,129 1,348 1,562 1,789 2,059 2,279 2,489 2,662 3,275 3,951 4,899 5,490

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
152 194 243 281 165 195 356 339 276 657 586 520
-127 -143 -174 -214 -37 -141 -275 -154 41 -496 -393 -107
-23 -39 -50 -66 -127 -58 -96 -159 -321 -128 -223 -346
Net Cash Flow 3 12 20 2 1 -5 -14 26 -3 33 -30 67

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 75 74 70 75 96 101 72 45 50 44 45 75
Inventory Days
Days Payable
Cash Conversion Cycle 75 74 70 75 96 101 72 45 50 44 45 75
Working Capital Days 47 55 60 48 92 91 96 63 58 33 44 71
ROCE % 24% 27% 30% 27% 22% 23% 23% 19% 23% 25% 29% 29%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
31.29% 31.26% 31.26% 31.26% 31.26% 31.26% 31.26% 31.26% 31.26% 31.06% 31.06% 31.06%
19.26% 19.44% 19.30% 19.92% 20.03% 20.45% 19.81% 20.29% 20.55% 20.50% 21.34% 24.55%
29.59% 29.17% 27.88% 26.88% 26.76% 25.94% 25.92% 26.40% 27.60% 28.04% 28.67% 26.13%
17.22% 17.74% 18.51% 18.71% 18.81% 19.51% 20.44% 19.76% 18.52% 17.99% 16.96% 16.91%
2.64% 2.40% 3.05% 3.23% 3.14% 2.83% 2.56% 2.27% 2.07% 2.41% 1.97% 1.34%
No. of Shareholders 70,13290,2201,27,5841,51,6101,71,8751,93,0242,14,0912,00,7201,82,3991,87,0821,82,1931,85,728

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

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