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Persistent Systems Overview

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, industria...Read More

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Persistent Systems Key Financials

Market Cap ₹80667 Cr.

Stock P/E 57.6

P/B 10.3

Current Price ₹5113.6

Book Value ₹ 496.9

Face Value 5

52W High ₹6597

Dividend Yield 0.78%

52W Low ₹ 4450

Persistent Systems Share Price

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Volume
Price

Persistent Systems Quarterly Price

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Persistent Systems Peer Comparison

Persistent Systems Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 2498 2591 2737 2897 3062 3242 3334 3581 3778 4056
Other Income 38 31 31 47 43 18 55 52 40 33
Total Income 2537 2621 2768 2944 3105 3260 3388 3632 3819 4089
Total Expenditure 2056 2136 2282 2416 2524 2658 2722 2898 3045 3288
Operating Profit 480 485 486 527 580 603 666 735 774 801
Interest 12 10 14 18 16 18 17 18 19 19
Depreciation 79 80 71 74 82 79 94 100 101 109
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -89 0
Profit Before Tax 389 395 401 435 482 505 555 617 565 674
Provision for Tax 103 80 94 110 109 109 130 145 126 145
Profit After Tax 286 315 306 325 373 396 425 471 439 529
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 286 315 306 325 373 396 425 471 439 529
Adjusted Earnings Per Share 18.6 20.5 19.9 20.9 23.9 25.4 27.2 30.1 27.9 33.6

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 14749
Other Income 99 98 96 136 95 132 108 154 84 202 284 180
Total Income 1991 2411 2974 3170 3461 3698 4296 5865 8435 10024 12223 14928
Total Expenditure 1506 1942 2413 2582 2817 3074 3505 4763 6845 8220 10027 11953
Operating Profit 484 469 561 588 644 625 791 1102 1590 1804 2196 2976
Interest 0 0 0 0 0 6 6 12 47 47 67 73
Depreciation 94 99 149 158 157 166 176 166 272 309 307 404
Exceptional Income / Expenses 0 0 -11 0 0 0 0 0 -30 0 0 -89
Profit Before Tax 390 370 401 429 486 452 609 924 1241 1448 1822 2411
Provision for Tax 99 92 99 106 135 112 159 234 320 354 422 546
Profit After Tax 291 277 301 323 352 340 451 690 921 1093 1400 1864
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 1864
Adjusted Earnings Per Share 18.2 17.3 18.8 20.2 22.2 22.3 29.5 45.2 60.3 71 89.8 118.8

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 -6% 30% 35% 30%
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 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 31.06 31.02 31.02 30.66 30.66 30.66 30.56 30.56 30.29 30.29
FII 24.41 24.89 22.55 23.33 24.75 24.36 24.19 21.23 22.8 22.12
DII 26.28 25.95 28.23 27.37 26.27 26.85 27.77 30.6 29.81 30.47
Public 18.25 18.14 18.19 18.63 18.32 18.12 17.48 17.61 17.1 17.12
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Persistent Systems News

Persistent Systems Pros & Cons

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: 30.29%.
  • Stock is trading at 10.3 times its book value.
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