Persistent Systems

₹6038.5 -6.1 | 0.1%

WEBSITE BSE:533179 NSE : PERSISTENT 01 Jul, 15:56

Market Cap ₹93355 Cr.

Stock P/E 66.7

P/B 15.7

Current Price ₹6038.5

Book Value ₹ 385.3

Face Value 5

52W High ₹6788.8

Dividend Yield 0.58%

52W Low ₹ 4163.8

Edit Ratio

Persistent Systems Research see more...

Overview Inc. Year: 1990Industry: IT - Software

Persistent Systems Ltd is an India-primarily based holding agency engaged inside the commercial enterprise of supplying software merchandise and technology services. The Company provides various services, together with digital method and layout, software program product engineering, client experiences (CX) transformation, cloud & infrastructure, sensible automation, company's IT security and records and analytics. The Company serves numerous industries, including banking, monetary offerings and insurance, healthcare and life sciences, industrial, software and hi-tech and telecom and media. The Company's subsidiaries include Persistent Systems Pte Ltd., Persistent Systems France SAS, Persistent Systems, Inc. (PSI), Persistent Systems Malaysia Sdn. Bhd., Aepona Group Ltd (AGL), Aepona Ltd, Youperience GmbH (YGmbH), Persistent Systems Germany GmbH (PSGG), Persistent Telecom Solutions Inc, and Youperience Ltd.

Persistent Systems Share Price

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Peer Comparison

Persistent Systems Quarterly Results

#(Fig in Cr.)	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Net Sales	2169	2254	2321	2412	2498	2591	2737	2897	3062	3242
Other Income	33	9	22	37	38	31	31	47	43	18
Total Income	2202	2263	2343	2449	2537	2621	2768	2944	3105	3260
Total Expenditure	1768	1838	1947	2007	2056	2136	2282	2416	2524	2658
Operating Profit	434	425	396	442	480	485	486	527	580	603
Interest	14	15	13	12	12	10	14	18	16	18
Depreciation	68	70	76	74	79	80	71	74	82	79
Exceptional Income / Expenses	-30	0	0	0	0	0	0	0	0	0
Profit Before Tax	323	341	307	356	389	395	401	435	482	505
Provision for Tax	85	89	78	92	103	80	94	110	109	109
Profit After Tax	238	252	229	263	286	315	306	325	373	396
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	238	252	229	263	286	315	306	325	373	396
Adjusted Earnings Per Share	15.6	16.5	14.9	17.1	18.6	20.5	19.9	20.9	23.9	25.4

Persistent Systems Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Net Sales	1891	2312	2878	3034	3366	3566	4188	5711	8351	9822	11939	11938
Other Income	99	98	96	136	95	132	108	154	84	202	284	139
Total Income	1991	2411	2974	3170	3461	3698	4296	5865	8435	10024	12223	12077
Total Expenditure	1506	1942	2413	2582	2817	3074	3505	4763	6845	8220	10027	9880
Operating Profit	484	469	561	588	644	625	791	1102	1590	1804	2196	2196
Interest	0	0	0	0	0	6	6	12	47	47	67	66
Depreciation	94	99	149	158	157	166	176	166	272	309	307	306
Exceptional Income / Expenses	0	0	-11	0	0	0	0	0	-30	0	0	0
Profit Before Tax	390	370	401	429	486	452	609	924	1241	1448	1822	1823
Provision for Tax	99	92	99	106	135	112	159	234	320	354	422	422
Profit After Tax	291	277	301	323	352	340	451	690	921	1093	1400	1400
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	291	277	301	323	352	340	451	690	921	1093	1400	1400
Adjusted Earnings Per Share	18.2	17.3	18.8	20.2	22.2	22.3	29.5	45.2	60.3	71	89.8	90.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	22%	28%	27%	20%
Operating Profit CAGR	22%	26%	29%	16%
PAT CAGR	28%	27%	33%	17%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	34%	54%	80%	35%
ROE Average	26%	26%	24%	20%
ROCE Average	33%	32%	30%	26%

Persistent Systems Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Shareholder's Funds	1406	1658	1899	2127	2345	2386	2796	3368	3965	4958	6319
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	2	3	2	2	1	5	4	280	206	10	0
Other Non-Current Liabilities	-20	-0	-3	-21	-23	-42	-8	233	376	86	82
Total Current Liabilities	355	447	417	499	492	648	770	1426	2013	2218	2133
Total Liabilities	1743	2107	2316	2607	2815	2996	3562	5307	6560	7271	8534
Fixed Assets	408	437	536	512	401	432	457	1534	2341	2221	2541
Other Non-Current Assets	229	334	376	321	524	579	435	934	772	893	967
Total Current Assets	1106	1336	1404	1774	1891	1986	2670	2839	3447	4157	5026
Total Assets	1743	2107	2316	2607	2815	2996	3562	5307	6560	7271	8534

Persistent Systems Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Opening Cash & Cash Equivalents	83	99	140	146	135	174	190	242	298	467	663
Cash Flow from Operating Activities	312	254	286	421	432	352	736	845	956	1302	1157
Cash Flow from Investing Activities	-232	-116	-222	-347	-226	-15	-542	-977	-421	-562	-434
Cash Flow from Financing Activities	-66	-127	-58	-96	-160	-329	-144	182	-404	-582	-628
Net Cash Inflow / Outflow	14	11	6	-22	47	8	50	50	131	158	94
Closing Cash & Cash Equivalent	99	140	146	135	174	190	242	298	467	663	674

Persistent Systems Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Earnings Per Share (Rs)	18.16	17.33	18.84	20.19	22.22	22.26	29.48	45.17	60.26	70.98	89.84
CEPS(Rs)	24.03	23.52	28.16	30.1	32.16	33.12	40.97	56.03	78.05	91.07	109.53
DPS(Rs)	5	4	4.5	5	5.5	6	10	15.5	25	26	35
Book NAV/Share(Rs)	87.5	102.69	117.53	132.38	147.69	154.18	179.82	212.87	244.41	306.45	382.27
Core EBITDA Margin(%)	20.34	16.02	16.17	14.89	16.31	13.8	16.31	16.59	18.03	16.3	16.02
EBIT Margin(%)	20.64	15.99	13.92	14.15	14.46	12.86	14.69	16.39	15.43	15.21	15.83
Pre Tax Margin(%)	20.62	15.99	13.92	14.15	14.45	12.69	14.55	16.18	14.86	14.74	15.26
PAT Margin (%)	15.37	11.99	10.47	10.65	10.45	9.54	10.76	12.09	11.03	11.13	11.73
Cash Profit Margin (%)	20.33	16.27	15.65	15.87	15.12	14.2	14.95	15	14.29	14.28	14.3
ROA(%)	17.83	14.4	13.63	13.13	12.97	11.71	13.74	15.57	15.52	15.81	17.72
ROE(%)	22.19	18.23	17.11	16.16	15.79	14.5	17.66	23	26.36	25.86	26.22
ROCE(%)	29.62	24.08	22.5	21.3	21.75	19.36	23.7	28.36	31.43	31.26	32.91
Receivable days	63.82	62.04	57.25	57.76	52.97	55.51	50.69	48.55	54.06	59.49	53.87
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	19.6	21.97	15.81	17.1	14.24	12.37	32.54	52.81	38.24	56.2	61.24
Price/Book(x)	4.07	3.71	2.53	2.61	2.14	1.79	5.34	11.21	9.43	13.02	14.39
Dividend Yield(%)	1.4	1.05	1.51	1.45	1.74	2.18	1.04	0.65	1.08	0.65	0.64
EV/Net Sales(x)	2.94	2.57	1.6	1.74	1.29	1.05	3.27	6.3	4.16	6.17	7.1
EV/Core EBITDA(x)	11.48	12.7	8.23	8.99	6.74	6.02	17.31	32.64	21.86	33.62	38.58
Net Sales Growth(%)	13.31	22.26	24.48	5.39	10.95	5.94	17.45	36.36	46.23	17.62	21.56
EBIT Growth(%)	13.89	-5.26	8.38	7.13	13.35	-5.75	34.13	52.16	37.61	16	26.44
PAT Growth(%)	16.59	-4.59	8.71	7.17	8.85	-3.24	32.44	53.19	33.42	18.72	28.05
EPS Growth(%)	16.59	-4.59	8.71	7.17	10.06	0.17	32.44	53.19	33.42	17.79	26.57
Debt/Equity(x)	0	0	0	0	0	0	0	0.13	0.12	0.04	0
Current Ratio(x)	3.12	2.99	3.36	3.56	3.84	3.06	3.47	1.99	1.71	1.87	2.36
Quick Ratio(x)	3.12	2.99	3.36	3.56	3.84	3.06	3.47	1.99	1.71	1.87	2.36
Interest Cover(x)	1158.19	4019.38	4404	5434.68	1595.55	72.44	106.19	79.1	27.21	31.98	28.15
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0.01	0.01	0	0

Persistent Systems Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	31.26	31.26	31.06	31.06	31.06	31.02	31.02	30.66	30.66	30.66
FII	20.28	20.54	20.5	21.27	24.41	24.89	22.55	23.33	24.75	24.36
DII	26.42	27.62	28.04	28.75	26.28	25.95	28.23	27.37	26.27	26.85
Public	22.04	20.58	20.4	18.93	18.25	18.14	18.19	18.63	18.32	18.12
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	2.39	2.39	2.39	2.39	2.39	2.39	4.78	4.78	4.78	4.78
FII	1.55	1.57	1.58	1.64	1.88	1.92	3.47	3.64	3.86	3.8
DII	2.02	2.11	2.16	2.21	2.02	2	4.35	4.27	4.09	4.18
Public	1.68	1.57	1.57	1.46	1.4	1.4	2.8	2.9	2.85	2.82
Others	0	0	0	0	0	0	0	0	0	0
Total	7.64	7.64	7.69	7.69	7.69	7.7	15.41	15.59	15.59	15.59

Pros

Company has delivered good profit growth of 32% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 26%
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 30.66%.
Stock is trading at 15.7 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.