Persistent Systems Limited
₹6,045.00+₹175.00 (+3.0%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹1,00,176 Cr
- P/E
- 68.6x
- EV / EBITDA
- 66.6x
- Revenue
- ₹11,728 Cr
- Net margin
- 15.1%
- ROCE
- 27.0%
Price chart
Technical chartScreen technicals →+1.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +14.4%
- 3M
- +9.7%
- 6M
- +25.9%
- 1Y
- +1.4%
- 5Y
- +198.9%
52-week range
Day change +₹175.00 (+3.0%) from ₹5,870 to ₹6,045 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in PERSISTENT, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 25.3%
Concerns1
- Operating margin declining for 3 consecutive years (23.0% → 20.0% → 14.0%)
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Technology
- Shares outstanding
- 15.8 Cr shares
- ISIN
- INE262H01021
- BSE code
- 533179
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹1,00,176 Cr
- P/E
- 68.6x
- P/B
- 15.0x
- EV / EBITDA
- 66.6x
- EV / Sales
- 15.3x
- P/S
- 15.4x
- Earnings yield
- 1.5%
- 52-week high
- ₹6,562.90
- 52-week low
- ₹4,298.25
Profitability
- Operating margin
- 20.4%
- Net margin
- 15.1%
- EBITDA margin
- 23.0%
- ROE
- 20.6%
- ROCE
- 27.0%
- ROA
- 16.4%
- Dividend payout
- 41.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 12.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹11,728 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 80.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 25.3%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,495 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 24.8%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 17.1%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 19.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹547 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.2%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹36.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 22.6%
Solvency and efficiency
- Current ratio
- 4.98
- Debt / Equity
- 0.03
- Debt / Assets
- 0.03
- Debt / EBITDA
- 0.10
- Interest coverage
- 78.29
- Financial leverage
- 1.26
- CFO / Net profit
- 0.55
- Cash / Market cap
- 3.7%
- Cash per share
- ₹234.83
- Asset turnover
- 1.08
- Fixed asset turnover
- 10.78
- Capital intensity
- 0.09
- Debtor days
- 94 days
- Cash conversion cycle
- 94 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹10 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹10,112 Cr |
| Sales | Operating profit | ₹1,616 Cr |
| Operating profit | Interest | ₹47 Cr |
| Operating profit | Depreciation | ₹176 Cr |
| Operating profit | Profit before tax | ₹1,393 Cr |
| Other income | Profit before tax | ₹181 Cr |
| Profit before tax | Tax and other | ₹418 Cr |
| Profit before tax | Net profit | ₹1,155 Cr |
Revenue and net profit
Revenue grew 80.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,480 Cr | ₹505 Cr |
| FY2022 | ₹3,575 Cr | ₹686 Cr |
| FY2023 | ₹5,118 Cr | ₹791 Cr |
| FY2024 | ₹6,514 Cr | ₹986 Cr |
| FY2025 | ₹11,728 Cr | ₹1,155 Cr |
Cash flows
FY2025: ₹713 Cr from operations, ₹452 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹657 Cr | ₹161 Cr |
| FY2022 | ₹586 Cr | ₹193 Cr |
| FY2023 | ₹520 Cr | ₹413 Cr |
| FY2024 | ₹547 Cr | ₹518 Cr |
| FY2025 | ₹713 Cr | ₹452 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹11,728 Cr+80.0%1Y
- Net profit
- ₹1,155 Cr+17.1%1Y
- Cash from operations
- ₹713 Cr
- Free cash flow
- ₹452 Cr-12.7%1Y
- Revenue CAGR, 5Y
- 25.3%
- EBITDA CAGR, 5Y
- 20.3%
- Net profit CAGR, 5Y
- 19.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹11,728 Cr | ₹1,616 Cr | — | ₹1,155 Cr | ₹713 Cr | ₹452 Cr | 19.3% | +80.0% | +17.1% |
Monthly returns
Month-by-month returns of PERSISTENT across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹8,005 Cr |
| Equity capital | ₹78 Cr |
| Reserves | ₹5,896 Cr |
| Borrowings | ₹232 Cr |
| Other liabilities | ₹1,799 Cr |
| Assets | ₹8,005 Cr |
| Fixed assets | ₹835 Cr |
| Capital work in progress | ₹77 Cr |
| Investments | ₹1,820 Cr |
| Other assets | ₹5,274 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
PERSISTENT trades at 68.6x earnings against a peer median of 52.1x (a 32% premium).
Not shown (no positive earnings and no EV / Sales): VODAFONE IDEA LIMITED, PB Fintech Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Persistent Systems LimitedPERSISTENTthis companyP/E ↑ premium | ₹1.0 L Cr | 68.6x | 15.0x | 20.6% | 66.6x |
| VODAFONE IDEA LIMITEDIDEA | ₹1.2 L Cr | — | -1.4x | 30.1% | 20.5x |
| INDUS TOWERS LIMITEDINDUSTOWER | ₹1.1 L Cr | 12.0x | 3.1x | 22.3% | 8.1x |
| Billionbrains Garage Ventures LimitedGROWW | ₹1.0 L Cr | 66.3x | — | -52.3% | -108.0x |
| Info Edge(India) Ltd.NAUKRI | ₹86,455 Cr | 82.5x | 1.9x | 3.3% | 71.0x |
| Bharti Hexacom LimitedBHARTIHEXA | ₹83,980 Cr | 52.3x | 13.4x | 10.9% | 27.6x |
| PB Fintech LimitedPOLICYBZR | ₹75,814 Cr | — | 9.3x | 0.5% | 1567.2x |
| Dixon Technologies (India) LimitedDIXON | ₹68,191 Cr | 121.0x | 23.9x | 13.3% | 191.7x |
| Oracle Financial Services Software LimitedOFSS | ₹66,928 Cr | 19.9x | 10.5x | 32.8% | 24.4x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
PERSISTENT since 1 January, against earlier years.
Historical volatility
PERSISTENT's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 25.0% |
| FY2022 | 24.0% |
| FY2023 | 23.0% |
| FY2024 | 20.0% |
| FY2025 | 14.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹11,728 Cr |
| Costs | |
| Interest | ₹47 Cr |
| Expenses | ₹10,112 Cr |
| Operating profitOperating Profit | ₹1,616 Cr |
| Other income and charges | |
| Profit before tax | ₹1,573 Cr |
| Tax | |
| Net profitNet Profit | ₹1,155 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹8,005 Cr |
| Equity capitalEquity Capital | ₹78 Cr |
| Reserves | ₹5,896 Cr |
| Borrowings | ₹232 Cr |
| Other liabilitiesOther Liabilities | ₹1,799 Cr |
| AssetsTotal Assets | ₹8,005 Cr |
| Fixed assetsFixed Assets | ₹835 Cr |
| Capital work in progressCWIP | ₹77 Cr |
| Investments | ₹1,820 Cr |
| Other assetsOther Assets | ₹5,274 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹713 Cr |
| Investing cash flowCash from Investing Activity | -₹261 Cr |
| Financing cash flowCash from Financing Activity | -₹416 Cr |
| Change in cashNet Cash Flow | ₹36 Cr |
Learn while you research
Academy chapters picked for Persistent Systems Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 68.6, learn when high multiples are justified.6 min read
- 04 Growth Investing80% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read