Persistent Systems Ltd

Persistent Systems Ltd

₹ 5,114 2.60%
08 May - close price
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

  • Market Cap 80,667 Cr.
  • Current Price 5,114
  • High / Low 6,599 / 4,449
  • Stock P/E 47.4
  • Book Value 425
  • Dividend Yield 0.68 %
  • ROCE 35.6 %
  • ROE 26.8 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 28.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 42.2%
  • Company's median sales growth is 21.4% of last 10 years

Cons

  • Stock is trading at 12.0 times its book value

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,483 1,545 1,669 1,669 1,631 2,691 2,847 3,002 3,188 3,258 3,493 3,718 3,958
1,107 1,207 1,296 1,315 1,364 2,371 2,434 2,525 2,782 2,735 2,832 3,034 3,361
Operating Profit 376 338 373 354 267 320 413 476 405 523 661 685 598
OPM % 25% 22% 22% 21% 16% 12% 15% 16% 13% 16% 19% 18% 15%
11 29 61 40 35 63 50 45 10 52 40 -69 62
Interest 5 4 4 4 4 7 13 12 15 14 15 17 17
Depreciation 39 39 40 41 41 36 41 52 47 61 66 66 72
Profit before tax 344 323 389 348 256 340 409 457 354 499 620 532 570
Tax % 25% 25% 23% 25% 28% 27% 30% 29% 21% 25% 26% 27% 26%
258 244 298 260 184 248 286 326 281 374 459 388 420
EPS in Rs 16.90 15.83 19.39 16.88 11.94 16.09 18.49 21.07 18.17 23.91 29.35 24.59 26.65
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,242 1,447 1,733 1,733 1,960 2,108 2,480 3,575 5,118 6,514 11,728 14,428
940 1,122 1,363 1,351 1,579 1,675 1,869 2,705 3,964 5,183 10,112 11,961
Operating Profit 303 326 370 381 381 434 611 870 1,154 1,331 1,616 2,466
OPM % 24% 22% 21% 22% 19% 21% 25% 24% 23% 20% 14% 17%
96 79 95 128 104 159 118 132 44 164 181 78
Interest 0 0 0 0 0 4 4 7 13 17 47 63
Depreciation 49 59 61 54 46 56 57 84 134 162 176 266
Profit before tax 349 346 404 455 438 533 668 912 1,050 1,317 1,573 2,216
Tax % 26% 28% 27% 25% 28% 23% 24% 25% 25% 25% 27% 26%
259 250 294 342 315 408 505 686 791 986 1,155 1,635
EPS in Rs 16.21 15.60 18.38 21.38 19.69 26.67 33.03 44.86 51.74 63.98 74.69 103.64
Dividend Payout % 46% 26% 24% 23% 28% 22% 30% 35% 48% 41% 47% 39%
Compounded Sales Growth
10 Years: 26%
5 Years: 42%
3 Years: 41%
TTM: 23%
Compounded Profit Growth
10 Years: 22%
5 Years: 29%
3 Years: 28%
TTM: 51%
Stock Price CAGR
10 Years: 30%
5 Years: 35%
3 Years: 30%
1 Year: -6%
Return on Equity
10 Years: 21%
5 Years: 23%
3 Years: 24%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 80 80 80 80 79 76 76 76 76 77 78 79
Reserves 1,275 1,485 1,734 1,973 2,142 2,222 2,689 3,242 3,865 4,702 5,896 6,631
4 3 3 2 2 37 39 76 156 151 232 394
203 221 242 224 266 326 471 549 801 1,078 1,799 3,576
Total Liabilities 1,562 1,789 2,059 2,279 2,489 2,662 3,275 3,944 4,899 6,007 8,005 10,680
307 292 272 244 221 237 276 419 688 604 835 1,172
CWIP 4 1 3 1 7 19 11 107 16 33 77 11
Investments 769 769 943 1,142 1,084 1,354 1,415 1,308 1,403 1,670 1,820 2,604
482 727 841 891 1,176 1,052 1,573 2,110 2,792 3,700 5,274 6,893
Total Assets 1,562 1,789 2,059 2,279 2,489 2,662 3,275 3,944 4,899 6,007 8,005 10,680

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
281 165 195 356 339 276 657 586 520 547 713 1,807
-214 -37 -141 -275 -154 41 -496 -393 -107 -29 -261 -722
-66 -127 -58 -96 -159 -321 -128 -223 -346 -315 -416 -718
Net Cash Flow 2 1 -5 -14 26 -3 33 -30 67 202 36 367
Free Cash Flow 225 118 151 333 313 228 586 314 172 438 559 1,618
CFO/OP 123% 79% 79% 123% 126% 92% 132% 94% 70% 65% 74% 97%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 75 96 101 72 45 50 44 45 75 94 51 81
Inventory Days
Days Payable
Cash Conversion Cycle 75 96 101 72 45 50 44 45 75 94 51 81
Working Capital Days 48 92 91 96 63 55 32 42 68 82 67 78
ROCE % 27% 22% 23% 23% 19% 23% 25% 29% 29% 29% 28% 36%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
Number of Clients >$1M Revenue
Number

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Total Headcount
Number
Attrition Rate (TTM Basis)
%
Top 10 Client Concentration
%
Billed DSO
Days
Utilization Rate (Including Trainees)
%
Total Contract Value (TCV) Bookings
USD Million
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
31.06% 31.06% 31.06% 31.02% 31.02% 30.66% 30.66% 30.66% 30.56% 30.56% 30.29% 30.29%
20.50% 21.34% 24.55% 24.96% 22.55% 23.34% 24.75% 24.36% 24.19% 21.24% 22.79% 22.11%
28.04% 28.67% 26.13% 25.88% 28.23% 27.37% 26.26% 26.85% 27.77% 30.60% 29.80% 30.47%
17.99% 16.96% 16.91% 17.03% 17.51% 16.96% 17.22% 17.28% 16.88% 17.14% 16.21% 16.14%
2.41% 1.97% 1.34% 1.12% 0.69% 1.67% 1.09% 0.83% 0.60% 0.45% 0.88% 0.96%
No. of Shareholders 1,87,0821,82,1931,85,7281,89,5702,30,0632,28,5342,39,6822,38,7952,43,4412,54,8972,33,7872,40,518

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls