Persistent Systems Ltd
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].
- Market Cap ₹ 48,794 Cr.
- Current Price ₹ 6,336
- High / Low ₹ 6,625 / 3,764
- Stock P/E 48.6
- Book Value ₹ 574
- Dividend Yield 0.63 %
- ROCE 30.3 %
- ROE 25.3 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 24.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 36.6%
- Company's median sales growth is 17.4% of last 10 years
Cons
- Stock is trading at 11.0 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,000 | 1,295 | 1,669 | 1,891 | 2,312 | 2,878 | 3,034 | 3,366 | 3,566 | 4,188 | 5,711 | 8,351 | 9,157 | |
776 | 982 | 1,255 | 1,501 | 1,921 | 2,413 | 2,565 | 2,810 | 3,073 | 3,505 | 4,753 | 6,831 | 7,559 | |
Operating Profit | 224 | 313 | 415 | 390 | 392 | 465 | 469 | 556 | 493 | 683 | 958 | 1,519 | 1,597 |
OPM % | 22% | 24% | 25% | 21% | 17% | 16% | 15% | 17% | 14% | 16% | 17% | 18% | 17% |
34 | 29 | 31 | 94 | 77 | 84 | 119 | 88 | 132 | 108 | 144 | 41 | 71 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 12 | 47 | 53 |
Depreciation | 61 | 78 | 103 | 94 | 99 | 149 | 158 | 157 | 166 | 176 | 166 | 272 | 289 |
Profit before tax | 197 | 263 | 343 | 390 | 370 | 401 | 429 | 486 | 452 | 609 | 924 | 1,241 | 1,326 |
Tax % | 28% | 29% | 27% | 25% | 25% | 25% | 25% | 28% | 25% | 26% | 25% | 26% | |
142 | 188 | 249 | 291 | 277 | 301 | 323 | 352 | 340 | 451 | 690 | 921 | 982 | |
EPS in Rs | 17.72 | 23.45 | 31.16 | 36.33 | 34.66 | 37.68 | 40.39 | 43.96 | 44.53 | 58.97 | 90.34 | 120.52 | 128.01 |
Dividend Payout % | 17% | 19% | 19% | 41% | 23% | 24% | 25% | 25% | 27% | 34% | 34% | 41% |
Compounded Sales Growth | |
---|---|
10 Years: | 20% |
5 Years: | 22% |
3 Years: | 33% |
TTM: | 30% |
Compounded Profit Growth | |
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10 Years: | 17% |
5 Years: | 25% |
3 Years: | 41% |
TTM: | 24% |
Stock Price CAGR | |
---|---|
10 Years: | 31% |
5 Years: | 60% |
3 Years: | 73% |
1 Year: | 53% |
Return on Equity | |
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10 Years: | 19% |
5 Years: | 19% |
3 Years: | 22% |
Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 801 | 978 | 1,182 | 1,326 | 1,578 | 1,819 | 2,047 | 2,266 | 2,309 | 2,719 | 3,292 | 3,889 | 4,342 |
1 | 1 | 3 | 4 | 3 | 3 | 2 | 2 | 71 | 98 | 578 | 655 | 555 | |
180 | 247 | 318 | 365 | 459 | 433 | 514 | 509 | 635 | 771 | 1,473 | 1,999 | 1,870 | |
Total Liabilities | 1,021 | 1,267 | 1,543 | 1,775 | 2,120 | 2,335 | 2,644 | 2,856 | 3,092 | 3,666 | 5,419 | 6,619 | 6,844 |
320 | 350 | 408 | 408 | 437 | 536 | 512 | 401 | 432 | 457 | 1,534 | 2,341 | 2,266 | |
CWIP | 53 | 117 | 31 | 4 | 27 | 29 | 5 | 32 | 30 | 12 | 107 | 16 | 42 |
Investments | 204 | 329 | 489 | 674 | 638 | 684 | 880 | 764 | 979 | 1,000 | 822 | 640 | 784 |
445 | 471 | 615 | 689 | 1,018 | 1,086 | 1,247 | 1,659 | 1,652 | 2,197 | 2,956 | 3,622 | 3,752 | |
Total Assets | 1,021 | 1,267 | 1,543 | 1,775 | 2,120 | 2,335 | 2,644 | 2,856 | 3,092 | 3,666 | 5,419 | 6,619 | 6,844 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
172 | 216 | 281 | 312 | 254 | 286 | 421 | 432 | 352 | 736 | 845 | 956 | |
-128 | -171 | -198 | -230 | -86 | -222 | -337 | -233 | -6 | -540 | -971 | -383 | |
-24 | -39 | -50 | -66 | -127 | -58 | -96 | -160 | -329 | -144 | 182 | -404 | |
Net Cash Flow | 20 | 7 | 33 | 16 | 41 | 6 | -12 | 39 | 16 | 52 | 56 | 169 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 74 | 69 | 66 | 69 | 67 | 60 | 58 | 53 | 61 | 50 | 61 | 69 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 74 | 69 | 66 | 69 | 67 | 60 | 58 | 53 | 61 | 50 | 61 | 69 |
Working Capital Days | 37 | 39 | 34 | 29 | 40 | 49 | 53 | 43 | 37 | 27 | 6 | 23 |
ROCE % | 25% | 28% | 30% | 29% | 23% | 23% | 20% | 20% | 18% | 22% | 26% | 30% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
33m - Notification dated May 5, 2021, and amendments thereto from time to time, we wish to inform you that, Persistent Systems Limited (the ''Company'') interacted with …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24h - Persistent Systems Limited (the ''Company'') will conduct investor/analyst informative sessions between Monday, December 11, 2023, to Thursday, December 14, 2023, on the one-on-one basis: Monday, …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24h - Notification dated May 5, 2021, and amendments thereto from time to time, we wish to inform you that, Persistent Systems Limited (the ''Company'') interacted with …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - The Company has made a Press Release dated December 4, 2023, as attached.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1 Dec - Persistent Systems Limited (the ''Company'') will conduct investor/analyst informative session with 'Creaegis' on Tuesday, December 5, 2023, at 12:00 PM (VC Mode). The schedule of …
Annual reports
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Financial Year 2023
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Oct 2023Transcript PPT
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Oct 2017TranscriptNotesPPT
Flexible solutions
The company has a few platforms of its own which are pre-built and provide quick integrations. They also have multiple partnerships for integrating other platforms [1]