Persistent Systems Ltd

Persistent Systems Ltd

₹ 3,802 -1.18%
19 Jun 10:22 a.m.
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 58,571 Cr.
  • Current Price 3,802
  • High / Low 4,490 / 2,317
  • Stock P/E 53.5
  • Book Value 322
  • Dividend Yield 0.51 %
  • ROCE 29.8 %
  • ROE 24.5 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 27.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 37.5%
  • Company's median sales growth is 17.4% 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,113 1,230 1,351 1,492 1,638 1,878 2,049 2,169 2,254 2,321 2,412 2,498 2,591
925 1,028 1,127 1,241 1,357 1,545 1,681 1,768 1,838 1,947 2,007 2,056 2,136
Operating Profit 188 202 224 251 281 333 368 402 416 374 405 442 454
OPM % 17% 16% 17% 17% 17% 18% 18% 19% 18% 16% 17% 18% 18%
40 39 32 31 42 21 8 3 9 22 37 38 31
Interest 2 2 2 3 5 8 11 14 15 13 12 12 10
Depreciation 42 35 37 43 51 65 69 68 70 76 74 79 80
Profit before tax 185 203 218 236 267 282 296 323 341 307 356 389 395
Tax % 25% 26% 26% 25% 25% 25% 26% 26% 26% 25% 26% 26% 20%
138 151 162 176 201 212 220 238 252 229 263 286 315
EPS in Rs 9.01 9.89 10.58 11.54 13.15 13.84 14.39 15.56 16.45 14.86 17.11 18.59 20.47
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,295 1,669 1,891 2,312 2,878 3,034 3,366 3,566 4,188 5,711 8,351 9,822
982 1,255 1,501 1,921 2,413 2,565 2,810 3,073 3,505 4,753 6,831 8,146
Operating Profit 313 415 390 392 465 469 556 493 683 958 1,519 1,676
OPM % 24% 25% 21% 17% 16% 15% 17% 14% 16% 17% 18% 17%
29 31 94 77 84 119 88 132 108 144 41 128
Interest 0 0 0 0 0 0 0 6 6 12 47 47
Depreciation 78 103 94 99 149 158 157 166 176 166 272 309
Profit before tax 263 343 390 370 401 429 486 452 609 924 1,241 1,448
Tax % 29% 27% 25% 25% 25% 25% 28% 25% 26% 25% 26% 24%
188 249 291 277 301 323 352 340 451 690 921 1,093
EPS in Rs 11.73 15.58 18.16 17.33 18.84 20.19 21.98 22.26 29.48 45.15 60.24 70.98
Dividend Payout % 19% 19% 41% 23% 24% 25% 25% 27% 34% 34% 41% 37%
Compounded Sales Growth
10 Years: 19%
5 Years: 24%
3 Years: 33%
TTM: 18%
Compounded Profit Growth
10 Years: 16%
5 Years: 27%
3 Years: 37%
TTM: 18%
Stock Price CAGR
10 Years: 30%
5 Years: 65%
3 Years: 45%
1 Year: 55%
Return on Equity
10 Years: 20%
5 Years: 21%
3 Years: 24%
Last Year: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 40 40 80 80 80 80 79 76 76 76 76 77
Reserves 978 1,182 1,326 1,578 1,819 2,047 2,266 2,309 2,719 3,292 3,889 4,881
1 3 4 3 3 2 2 71 98 578 655 451
247 318 365 459 433 514 509 635 771 1,473 1,999 1,965
Total Liabilities 1,267 1,543 1,775 2,120 2,335 2,644 2,856 3,092 3,666 5,419 6,619 7,374
350 408 408 437 536 512 401 432 457 1,534 2,341 2,221
CWIP 117 31 4 27 29 5 32 30 12 107 16 34
Investments 329 489 674 638 684 880 764 979 1,000 822 640 827
471 615 689 1,018 1,086 1,247 1,659 1,652 2,197 2,956 3,622 4,292
Total Assets 1,267 1,543 1,775 2,120 2,335 2,644 2,856 3,092 3,666 5,419 6,619 7,374

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
216 281 312 254 286 421 432 352 736 845 956 1,221
-171 -198 -230 -86 -222 -337 -233 -6 -540 -971 -383 -469
-39 -50 -66 -127 -58 -96 -160 -329 -144 182 -404 -594
Net Cash Flow 7 33 16 41 6 -12 39 16 52 56 169 158

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 69 66 69 67 60 58 53 61 50 61 69 62
Inventory Days
Days Payable
Cash Conversion Cycle 69 66 69 67 60 58 53 61 50 61 69 62
Working Capital Days 39 34 29 40 49 53 43 37 27 6 23 44
ROCE % 28% 30% 29% 23% 23% 20% 20% 18% 22% 26% 30%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
31.26% 31.26% 31.26% 31.26% 31.26% 31.26% 31.26% 31.26% 31.06% 31.06% 31.06% 31.02%
19.44% 19.30% 19.92% 20.03% 20.45% 19.81% 20.29% 20.55% 20.50% 21.34% 24.55% 24.96%
29.17% 27.88% 26.88% 26.76% 25.94% 25.92% 26.40% 27.60% 28.04% 28.67% 26.13% 25.88%
17.74% 18.51% 18.71% 18.81% 19.51% 20.44% 19.76% 18.52% 17.99% 16.96% 16.91% 17.03%
2.40% 3.05% 3.23% 3.14% 2.83% 2.56% 2.27% 2.07% 2.41% 1.97% 1.34% 1.12%
No. of Shareholders 90,2201,27,5841,51,6101,71,8751,93,0242,14,0912,00,7201,82,3991,87,0821,82,1931,85,7281,89,570

* 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