Persistent Systems Ltd

Persistent Systems Ltd

₹ 5,014 4.10%
06 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 79,100 Cr.
  • Current Price 5,014
  • High / Low 6,599 / 4,449
  • Stock P/E 40.9
  • Book Value 497
  • Dividend Yield 0.70 %
  • ROCE 34.4 %
  • ROE 27.3 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 35.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%
  • Company has been maintaining a healthy dividend payout of 36.5%
  • Company's median sales growth is 19.6% of last 10 years

Cons

  • Stock is trading at 10.1 times its book value
  • Working capital days have increased from 47.9 days to 73.1 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
2,254 2,321 2,412 2,498 2,591 2,737 2,897 3,062 3,242 3,334 3,581 3,778 4,056
1,838 1,947 2,007 2,056 2,136 2,282 2,416 2,524 2,658 2,722 2,898 3,045 3,288
Operating Profit 416 374 405 442 454 455 481 538 584 612 683 733 768
OPM % 18% 16% 17% 18% 18% 17% 17% 18% 18% 18% 19% 19% 19%
9 22 37 38 31 31 47 43 18 55 52 -49 33
Interest 15 13 12 12 10 14 18 16 18 17 18 19 19
Depreciation 70 76 74 79 80 71 74 82 79 94 100 101 109
Profit before tax 341 307 356 389 395 401 435 482 505 555 617 565 674
Tax % 26% 25% 26% 26% 20% 24% 25% 23% 22% 23% 24% 22% 21%
252 229 263 286 315 306 325 373 396 425 471 439 529
EPS in Rs 16.45 14.86 17.11 18.59 20.47 19.89 21.02 24.12 25.59 27.17 30.15 27.86 33.55
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,891 2,312 2,878 3,034 3,366 3,566 4,188 5,711 8,351 9,822 11,939 14,748
1,501 1,921 2,413 2,565 2,810 3,073 3,505 4,753 6,831 8,146 9,881 11,953
Operating Profit 390 392 465 469 556 493 683 958 1,519 1,676 2,058 2,795
OPM % 21% 17% 16% 15% 17% 14% 16% 17% 18% 17% 17% 19%
94 77 84 119 88 132 108 144 41 128 138 91
Interest 0 0 0 0 0 6 6 12 47 47 67 73
Depreciation 94 99 149 158 157 166 176 166 272 309 307 403
Profit before tax 390 370 401 429 486 452 609 924 1,241 1,448 1,822 2,411
Tax % 25% 25% 25% 25% 28% 25% 26% 25% 26% 24% 23% 23%
291 277 301 323 352 340 451 690 921 1,093 1,400 1,865
EPS in Rs 18.16 17.33 18.84 20.19 21.98 22.26 29.48 45.15 60.24 70.98 90.54 118.23
Dividend Payout % 41% 23% 24% 25% 25% 27% 34% 34% 41% 37% 39% 34%
Compounded Sales Growth
10 Years: 20%
5 Years: 29%
3 Years: 21%
TTM: 24%
Compounded Profit Growth
10 Years: 22%
5 Years: 36%
3 Years: 28%
TTM: 42%
Stock Price CAGR
10 Years: 30%
5 Years: 35%
3 Years: 29%
1 Year: -8%
Return on Equity
10 Years: 22%
5 Years: 25%
3 Years: 25%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,326 1,578 1,819 2,047 2,266 2,309 2,719 3,292 3,889 4,881 6,241 7,759
4 3 3 2 2 71 98 578 655 451 311 477
365 459 433 514 509 635 771 1,473 1,999 1,997 2,092 3,061
Total Liabilities 1,775 2,120 2,335 2,644 2,856 3,092 3,666 5,419 6,619 7,405 8,722 11,377
408 437 536 512 401 432 457 1,534 2,341 2,221 2,541 2,883
CWIP 4 27 29 5 32 30 12 107 16 34 77 11
Investments 674 638 684 880 764 979 1,000 822 640 827 980 1,615
689 1,018 1,086 1,247 1,659 1,652 2,197 2,956 3,622 4,324 5,123 6,868
Total Assets 1,775 2,120 2,335 2,644 2,856 3,092 3,666 5,419 6,619 7,405 8,722 11,377

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
312 254 286 421 432 352 736 845 956 1,302 1,157 1,767
-230 -86 -222 -337 -233 -6 -540 -971 -383 -525 -517 -610
-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 12 409
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%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 69 67 60 58 53 61 50 61 69 62 56 53
Inventory Days
Days Payable
Cash Conversion Cycle 69 67 60 58 53 61 50 61 69 62 56 53
Working Capital Days 29 40 49 53 43 37 25 4 20 24 47 73
ROCE % 29% 23% 23% 20% 20% 18% 21% 26% 30% 29% 30% 34%

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
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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)
% ・Standalone data

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

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