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Persistent Systems Ltd

PERSISTENT

Persistent Systems Ltd

PERSISTENT
Information TechnologySoftware Services
MidcapWith a market cap of ₹97,241 cr, stock is ranked 109
Moderate RiskStock is 2.39x as volatile as Nifty
6,435.950.00% (+0.00)
6,435.950.00% (+0.00)

Price Chart

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Information TechnologySoftware Services
MidcapWith a market cap of ₹97,241 cr, stock is ranked 109
Moderate RiskStock is 2.39x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Bad

The stock is overpriced and in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Information TechnologySoftware Services
MidcapWith a market cap of ₹97,241 cr, stock is ranked 109
Moderate RiskStock is 2.39x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
78.8719.610.41%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
37.579.901.56%

Forecast & Ratings

Detailed Forecast 
55%
Analysts have suggested that investors can buy this stock

from 29 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Persistent Systems Limited is engaged in the business of building software products. The Company offers complete product life cycle services.

Investor Presentation

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Oct 22, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 23.57%, vs industry avg of 14.29%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 10.52% to 15.18%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 25.47%, vs industry avg of 16.69%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue2,389.622,974.293,152.803,453.603,698.194,295.665,854.718,421.219,949.6110,869.32
Raw Materialssubtract0.000.000.000.000.000.000.000.000.008,890.93
Power & Fuel Costsubtract14.9813.8710.4510.9511.498.267.6112.0314.10
Employee Costsubtract1,406.761,764.901,831.651,924.952,155.642,515.803,459.314,969.575,960.97
Selling & Administrative Expensessubtract200.62255.97240.25263.25217.16136.21183.47304.18340.06
Operating & Other expensessubtract298.46389.76482.63610.55689.26844.601,102.191,575.341,830.77
Depreciation/Amortizationsubtract99.01149.02158.49157.25165.96175.55166.01271.90309.37304.35
Interest & Other Itemssubtract0.090.090.080.316.335.7911.8447.3446.7354.19
Taxes & Other Itemssubtract92.3999.21106.17134.66112.06158.77233.89319.76354.11386.99
EPS17.3318.8420.1922.1021.8829.4845.1640.1747.5780.03
DPS4.004.505.005.506.0010.0015.5012.5026.0026.00
Payout ratio0.230.240.250.250.270.340.340.310.550.32

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2024

Annual report

PDF

Investor Presentation

Sep 20PDF
Sep 13PDF
Sep 5PDF
+6 more
FY 2025

Annual Report Pending

Investor Presentation

Oct 22PDF
 

Peers & Comparison

Comparing 3 stocks from 
Information TechnologySoftware Services

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Persistent Systems Ltd88.9319.610.41%
Oracle Financial Services Software Ltd47.9013.531.96%
L&T Technology Services Ltd43.5910.630.93%
Tata Elxsi Ltd58.2018.400.95%

Price Comparison

Compare PERSISTENT with any stock or ETF
Compare PERSISTENT with any stock or ETF
PERSISTENT
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding30.66%22.04%5.33%23.33%18.64%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep20.50%21.34%24.55%24.96%22.55%23.33%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Persistent Systems Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan

Growth
2.1526%2.79%0.29%9/78 (+5)
Kotak Emerging Equity Fund - Growth - Direct Plan

Growth
2.1430%4.00%0.06%2/78 (-1)
Motilal Oswal Midcap Fund - Growth - Direct Plan

Growth
1.8220%7.74%-1.07%5/31 (-2)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Persistent Systems Ltd

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

PERSISTENT has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.41%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.12 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 9, 2024

Final
Final | Div/Share: ₹10.00

Dividend/Share

₹10.00

Ex DateEx Date

Jul 9, 2024

Cash Dividend

Ex DateEx DateJan 30, 2024

Interim
Interim | Div/Share: ₹32.00

Dividend/Share

₹32.00

Ex DateEx Date

Jan 30, 2024

Cash Dividend

Ex DateEx DateJul 11, 2023

Special
Special | Div/Share: ₹10.00

Dividend/Share

₹10.00

Ex DateEx Date

Jul 11, 2023

Cash Dividend

Ex DateEx DateJul 11, 2023

Final
Final | Div/Share: ₹12.00

Dividend/Share

₹12.00

Ex DateEx Date

Jul 11, 2023

Cash Dividend

Ex DateEx DateJan 25, 2023

Interim
Interim | Div/Share: ₹28.00

Dividend/Share

₹28.00

Ex DateEx Date

Jan 25, 2023

News & Opinions
Spotlight
Persistent Systems Ltd spurts 0.87%, gains for five straight sessions

Persistent Systems Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5969.25, up 0.87% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.25% on the day, quoting at 24161.15. The Sensex is at 79896.82, down 0.27%. Persistent Systems Ltd has risen around 5.34% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has risen around 4.08% in last one month and is currently quoting at 43618.15, up 0.71% on the day. The volume in the stock stood at 2.32 lakh shares today, compared to the daily average of 4.28 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 5958.6, up 0.56% on the day. Persistent Systems Ltd is up 88.93% in last one year as compared to a 21.48% spurt in NIFTY and a 36.77% spurt in the Nifty IT index.The PE of the stock is 94.32 based on TTM earnings ending September 24.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Persistent Systems Ltd gains for third straight session

Persistent Systems Ltd is up for a third straight session today. The stock is quoting at Rs 5783.6, up 1.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 23682.8. The Sensex is at 78137.76, up 1.27%. Persistent Systems Ltd has gained around 1.13% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has gained around 0.99% in last one month and is currently quoting at 41952.8, up 1.64% on the day. The volume in the stock stood at 3.67 lakh shares today, compared to the daily average of 5.13 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 5779.4, up 0.81% on the day. Persistent Systems Ltd is up 81.34% in last one year as compared to a 19.6% jump in NIFTY and a 31.72% jump in the Nifty IT index.The PE of the stock is 91.34 based on TTM earnings ending September 24.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Persistent Systems rallies after Q2 PAT rises 6% QoQ to Rs 325 cr

On year on year (YoY) basis, the company's net profit and revenue jumped 23.4% and 20.1% in Q2 FY25. Profit before tax (PBT) jumped 8.48% YoY to Rs 434.52 crore during the quarter. EBITDA stood at Rs 480.73 crore, registering the growth of 18.7% YoY. EBITDA margin stood at 16.6% In dollar terms, the IT firm's revenue stood at $345 million in Q2 FY25, up 5.3(QoQ) and up (18.4% YoY). The order booking for the quarter ended on September 30, 2024, was at $529.0 million in Total Contract Value (TCV) and at $348.3 million in Annual Contract Value (ACV) terms. Sandeep Kalra, chief executive officer and executive director, Persistent Systems, said, 'This quarter, we continued to strengthen our capabilities and advance our AI-led, platform driven services strategy. We brought on Starfish Associates to elevate our AI-powered contact center modernization; the addition of Arrka expands our comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity. Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization. The company works with the industry leaders including 14 of the 30 most innovative companies as identified by BCG, 8 of the top 10 largest banks in the US and India, and numerous innovators across the healthcare and software ecosystems.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Persistent Systems consolidated net profit rises 23.45% in the September 2024 quarter

Net profit of Persistent Systems rose 23.45% to Rs 325.00 crore in the quarter ended September 2024 as against Rs 263.27 crore during the previous quarter ended September 2023. Sales rose 20.13% to Rs 2897.15 crore in the quarter ended September 2024 as against Rs 2411.67 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2897.152411.67 20 OPM %16.5916.80 - PBDT509.02430.16 18 PBT434.52355.76 22 NP325.00263.27 23 Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Persistent Systems Ltd rises for third consecutive session

Persistent Systems Ltd gained for a third straight session today. The stock is quoting at Rs 5374.55, up 1.24% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.52% on the day, quoting at 25144.05. The Sensex is at 82028.18, up 0.48%. Persistent Systems Ltd has risen around 1.9% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has risen around 0.48% in last one month and is currently quoting at 42387.55, up 1.09% on the day. The volume in the stock stood at 1.25 lakh shares today, compared to the daily average of 4.26 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 5394.6, up 1.25% on the day. Persistent Systems Ltd is up 86.71% in last one year as compared to a 27.7% spurt in NIFTY and a 31.57% spurt in the Nifty IT index.The PE of the stock is 83.63 based on TTM earnings ending June 24.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Persistent Systems achieves carbon neutrality across its global operations for FY23-24

Persistent Systems announced that it achieved carbon neutrality for Scope 1 (direct emissions) and Scope 2 (indirect emissions) across its global operations for FY23-24, one year ahead of schedule. Verified by DNV Business Assurance India, this milestone underscores the Company's commitment to sustainability and its role in supporting clients' environmental goals. Aligned with the UN Sustainable Development Goals and global efforts to limit planet warming to 1.5'C and reach net-zero emissions by 2050, it further solidifies Persistent's reputation as a socially responsible enterprise. Persistent's carbon management plan focuses on enhancing energy efficiency through investments in renewable energy and the development of energy-efficient infrastructure,certified by the Indian Green Building Council (IGBC) and Leadership in Energy and Environmental Design (LEED). The Company has made significant strides in renewable energy adoption and resource management: \ 42% reduction in emissions through two windmills (2.1 MW each) and 2 MW solar rooftops. \ 39% of total energy usage globally from renewable energy sources, with 44% in India. \ 16% of renewable energy needs are met through self-generated Renewable Energy Certificates (RECs) from its windmills. \ 45% of purchased International Renewable Energy Certificates (I-RECs) cover leased and overseas facilities. \ 99% recycling of waste generated across operations. \ 121,035 trees contributing to carbon sequestration. \ 28.3% reuse of treated wastewater in owned campuses within its facilities. Additionally, to offset Scope 1 emissions, Persistent has invested in high-quality carbon credits certified by VERRA, while reducing Scope 2 emissions through renewable energy sourcing and the purchase of I-RECs. Persistent is committed to driving renewable energy adoption, optimizing energy use, and working with communities to address climate change. By collaborating with employees and stakeholders, the Company embeds sustainability at the core of its operations, ensuring long term impact. Moreover, Persistent's investments in renewable energy projects and carbon offset programs aim to reduce emissions and support environmental initiatives, with a goal to achieve net-zero emissions across its value chain by 2050, following the Science-Based Targets Initiative (SBTi) roadmap. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Persistent strengthens its AI-driven services with acquisition of Pune-based Arrka

Persistent Systems announced the intent to acquire Arrka, a Pune-based company renowned for its decade-long data privacy expertise, its pioneering Data Privacy Management platform and growing expertise in AI governance. This strategic acquisition significantly enhances Persistent's AI-led, platform-driven services and strengthens its ability to provide comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity, among others. With Arrka's expertise, Persistent will help clients accelerate their transformation journeys while ensuring ethical, responsible, and compliant AI. With the widespread adoption of AI, implementing and managing digital governance in general and data privacy and responsible AI are taking center stage for enterprises across industries. Persistent is addressing the opportunities in AI through strategic investments in innovative platforms like SASVA', an in-house cutting-edge platform using generative and deterministic AI, as well as through tuck-in acquisitions such as that of Starfish Associates, to strengthen its position in AI-powered Contact Center and Unified Communications. The integration of Arrka is a critical component in scaling Persistent's AI practice and addressing the rising demand for digital governance. It is a key to the Company's strategy to deliver responsible, ethical, and comprehensive platform-driven digital solutions.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Persistent Systems announces board meeting date

Persistent Systems will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Persistent Systems to conduct board meeting

Persistent Systems will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Persistent Systems Ltd up for fifth session

Persistent Systems Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5291.75, up 1.63% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.07% on the day, quoting at 25261.55. The Sensex is at 82491.99, down 0.08%. Persistent Systems Ltd has risen around 16.65% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has risen around 12.01% in last one month and is currently quoting at 42975.6, up 0.18% on the day. The volume in the stock stood at 2.84 lakh shares today, compared to the daily average of 4.62 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 5299.55, up 1.32% on the day. Persistent Systems Ltd is up 83.02% in last one year as compared to a 29.36% spurt in NIFTY and a 33.85% spurt in the Nifty IT index.The PE of the stock is 81.3 based on TTM earnings ending June 24.Powered by Capital Market - Live

3 months agoCapital Market - Live