Persistent Systems Limited
Persistent Systems Limited provides software products, services, and technology solutions in India, North America, and internationally. It operates through Banking, Financial Services and Insurance (BFSI); Healthcare & Life Sciences; and Technology Companies and Emerging Verticals segments. The company provides Persistent GenAI Hub, a generative artificial intelligence (AI) solution; consulting services for business strategy and transformation; software engineering services to architect, design, develop, and manage software product lifecycle; and CX transformation solutions, such as CX strategy, Salesforce cloud implementation, CX platform integration, customer analytics and insights, and Salesforce industry solutions and accelerators. It also offers hybrid and multi-cloud transformation, data center modernization, persistent intelligent IT operations, cloud advisory, service management, service desk, digital workplace, and management and sustenance services, as well as CloudOps, a multi-cloud intelligent operations framework; business process management, robotic process automation, low code application development, and conversational AI solutions; and application modernization, maintenance and support, portfolio rationalization, application, and platform development solutions.. It serves customers in the banking, financial services, insurance, healthcare, life sciences, consumer tech, industrial, software and hi-tech, and telecom and media sectors. Persistent Systems Limited was incorporated in 1990 and is based in Pune, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Oct has averaged the highest return (+9.5%); Feb the lowest (-7.7%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.8%Negative MonthJan 2026: -3.78% | -21.5%Negative MonthFeb 2026: -21.54% | +2.8%Positive MonthMar 2026: +2.83% | -1.4%Neutral MonthApr 2026: -1.38% | +8.2%Positive MonthMay 2026: +8.21% | -16.7%Negative MonthJun 2026: -16.73% | +25.4%*Positive MonthJul 2026: +25.43% | β | β | β | β | β |
| 2025 | -6.5%Negative MonthJan 2025: -6.53% | -12.2%Negative MonthFeb 2025: -12.22% | +3.9%Positive MonthMar 2025: +3.87% | -3.4%Negative MonthApr 2025: -3.38% | +6.0%Positive MonthMay 2025: +6.02% | +7.2%Positive MonthJun 2025: +7.25% | -14.6%Negative MonthJul 2025: -14.63% | +3.0%Positive MonthAug 2025: +2.98% | -9.2%Negative MonthSep 2025: -9.23% | +22.6%Positive MonthOct 2025: +22.60% | +7.4%Positive MonthNov 2025: +7.41% | -1.3%Neutral MonthDec 2025: -1.29% |
| 2024 | +13.2%Positive MonthJan 2024: +13.23% | +3.3%Positive MonthFeb 2024: +3.31% | -7.7%Negative MonthMar 2024: -7.67% | -15.5%Negative MonthApr 2024: -15.52% | +1.2%Neutral MonthMay 2024: +1.19% | +24.3%Positive MonthJun 2024: +24.33% | +13.9%Positive MonthJul 2024: +13.95% | +7.0%Positive MonthAug 2024: +6.96% | +5.5%Positive MonthSep 2024: +5.51% | -1.4%Neutral MonthOct 2024: -1.42% | +9.9%Positive MonthNov 2024: +9.91% | +9.3%Positive MonthDec 2024: +9.28% |
| 2023 | +21.0%Positive MonthJan 2023: +20.98% | +2.4%Positive MonthFeb 2023: +2.39% | -3.9%Negative MonthMar 2023: -3.87% | +2.8%Positive MonthApr 2023: +2.82% | +8.4%Positive MonthMay 2023: +8.37% | -2.5%Negative MonthJun 2023: -2.45% | -5.3%Negative MonthJul 2023: -5.29% | +13.1%Positive MonthAug 2023: +13.14% | +7.9%Positive MonthSep 2023: +7.91% | +6.4%Positive MonthOct 2023: +6.37% | +4.1%Positive MonthNov 2023: +4.13% | +15.1%Positive MonthDec 2023: +15.13% |
| 2022 | -10.3%Negative MonthJan 2022: -10.26% | -10.5%Negative MonthFeb 2022: -10.52% | +21.2%Positive MonthMar 2022: +21.18% | -9.6%Negative MonthApr 2022: -9.60% | -12.8%Negative MonthMay 2022: -12.80% | -9.3%Negative MonthJun 2022: -9.31% | +6.4%Positive MonthJul 2022: +6.44% | -3.2%Negative MonthAug 2022: -3.23% | -7.8%Negative MonthSep 2022: -7.79% | +14.0%Positive MonthOct 2022: +13.99% | +12.6%Positive MonthNov 2022: +12.56% | -6.9%Negative MonthDec 2022: -6.87% |
| 2021 | β | β | β | β | β | +18.4%Positive MonthJun 2021: +18.36% | +6.7%Positive MonthJul 2021: +6.70% | +6.2%Positive MonthAug 2021: +6.16% | +11.8%Positive MonthSep 2021: +11.79% | +5.9%Positive MonthOct 2021: +5.86% | +4.8%Positive MonthNov 2021: +4.81% | +18.9%Positive MonthDec 2021: +18.90% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ11.73 K Cr | β | βΉ1.16 K Cr | β | β | 19.3% | 80.0% | 17.1% |
| Mar 2024 | βΉ6.51 K Cr | β | βΉ986.00 Cr | β | β | 20.6% | 27.3% | 24.7% |
| Mar 2023 | βΉ5.12 K Cr | β | βΉ791.00 Cr | β | β | 20.1% | 43.2% | 15.3% |
| Mar 2022 | βΉ3.58 K Cr | β | βΉ686.00 Cr | β | β | 20.7% | 44.2% | 35.8% |
| Mar 2021 | βΉ2.48 K Cr | β | βΉ505.00 Cr | β | β | 18.3% | 17.6% | 23.8% |
| Mar 2020 | βΉ2.11 K Cr | β | βΉ408.00 Cr | β | β | 17.8% | 7.6% | 29.5% |
| Mar 2019 | βΉ1.96 K Cr | β | βΉ315.00 Cr | β | β | 14.2% | 13.1% | -7.9% |
| Mar 2018 | βΉ1.73 K Cr | β | βΉ342.00 Cr | β | β | 16.7% | 0.0% | 16.3% |
| Mar 2017 | βΉ1.73 K Cr | β | βΉ294.00 Cr | β | β | 16.2% | 19.8% | 17.6% |
| Mar 2016 | βΉ1.45 K Cr | β | βΉ250.00 Cr | β | β | 16.0% | 16.5% | -3.5% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 1,184 | 1,242 | 1,447 | 1,733 | 1,733 | 1,960 | 2,108 | 2,480 | 3,575 | 5,118 | 6,514 | 11,728 | 12,940 |
| Total Expenses | 818 | 940 | 1,122 | 1,363 | 1,351 | 1,579 | 1,675 | 1,869 | 2,705 | 3,964 | 5,183 | 10,112 | 10,874 |
| EBIT / Operating Profit | 366 | 303 | 326 | 370 | 381 | 381 | 434 | 611 | 870 | 1,154 | 1,331 | 1,616 | 2,066 |
| OPM % | 31% | 24% | 22% | 21% | 22% | 19% | 21% | 25% | 24% | 23% | 20% | 14% | 16% |
| Other Income | 34 | 96 | 79 | 95 | 128 | 104 | 159 | 118 | 132 | 44 | 164 | 181 | 165 |
| Finance Costs | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 7 | 13 | 17 | 47 | 56 |
| Depreciation & Amortisation | 58 | 49 | 59 | 61 | 54 | 46 | 56 | 57 | 84 | 134 | 162 | 176 | 227 |
| Profit Before Tax | 342 | 349 | 346 | 404 | 455 | 438 | 533 | 668 | 912 | 1,050 | 1,317 | 1,573 | 1,949 |
| Tax % | 27% | 26% | 28% | 27% | 25% | 28% | 23% | 24% | 25% | 25% | 25% | 27% | - |
| Net Profit / PAT | 249 | 259 | 250 | 294 | 342 | 315 | 408 | 505 | 686 | 791 | 986 | 1,155 | 1,460 |
| EPS (βΉ) | 15.54 | 16.21 | 15.60 | 18.38 | 21.38 | 19.69 | 26.67 | 33.03 | 44.86 | 51.74 | 63.98 | 74.69 | 93.79 |
| Dividend Payout % | 19% | 46% | 26% | 24% | 23% | 28% | 22% | 30% | 35% | 48% | 41% | 47% | - |
Peer Comparison
Technology sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Persistent Systems Limitedthis co. | βΉ1.00 L Cr | βΉ11.73 K Cr | 68.60 | 15.03 | 66.61 | 80.0% |
| Bharti Airtel Ltd. | βΉ12.19 L Cr | βΉ1.09 L Cr | 50.40 | 8.31 | 27.19 | 15.8% |
| Tata Consultancy Services Ltd. | βΉ11.84 L Cr | βΉ2.15 L Cr | 24.20 | 13.91 | 18.91 | 6.2% |
| Infosys Ltd | βΉ6.48 L Cr | βΉ1.37 L Cr | 24.20 | 7.17 | 16.31 | 5.9% |
| HCL Technologies Ltd | βΉ4.52 L Cr | βΉ51.10 K Cr | 36.80 | 14.48 | β | 6.2% |
| Bharat Electronics Ltd. | βΉ3.02 L Cr | βΉ23.66 K Cr | 53.30 | 14.23 | 51.32 | 17.3% |
| Wipro Ltd. | βΉ2.77 L Cr | βΉ67.29 K Cr | 23.00 | 4.29 | 18.85 | 0.8% |
| Industry Average | β | βΉ10.05 K Cr | 69.99 | 8.58 | 66.75 | 22.0% |
