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Persistent Systems Ltd (PERSISTENT)

₹4583.456.39%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 31 analysts

BUY

58.06%

Buy

16.13%

Hold

25.81%

Sell

Based on 31 analysts offering long term price targets for Persistent Systems Ltd. An average target of ₹3990.45

Source: S&P Global Market Intelligence

Persistent Systems Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹4,535
    ₹4,799.85
  • 52 Week's Low

    52 Week's High

    ₹2,317.18
    ₹4,928.95
1 Month Return+ 17.57 %
3 Month Return+ 30.64 %
1 Year Return+ 81.75 %
Previous Close₹4,896.15
Open₹4,799.85
Volume19.24L
Upper Circuit-
Lower Circuit-
Market Cap₹75,425.19Cr

Key Statistics

P/E Ratio59.34
PEG Ratio4.12
Market Cap₹75,425.19 Cr
P/B Ratio12.86
EPS22.265

Mutual Fund Holdings

Funds HoldingsPrev. 4M
Kotak Emerging Equity Scheme Direct GrowthKotak Emerging Equity Scheme Direct Growth3.39%
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option2.2%
Motilal Oswal Midcap Direct GrowthMotilal Oswal Midcap Direct Growth9.13%
Motilal Oswal Flexicap Fund Direct Plan GrowthMotilal Oswal Flexicap Fund Direct Plan Growth9.53%
Nippon India Growth Fund - Direct Plan - GrowthNippon India Growth Fund - Direct Plan - Growth2.2%

Company Information

Persistent Systems Ltd is a leading global technology solutions company founded in 1990 by Dr. Anand Deshpande. The company is headquartered in Pune, India and has operations in North America, Europe, and Asia-Pacific.

Persistent Systems Ltd provides software product engineering, technology consulting, and digital transformation services to customers across the globe. The company offers a wide range of services, including product engineering, cloud, mobility, analytics, artificial intelligence, and internet of things solutions.

The company has several popular brands, including WaveMaker, a low-code application development platform, and NuoDB, a distributed SQL database. Other popular products include Persistent’s enterprise-grade cloud platform, CloudFabrix, and its mobile application development platform, MobileFabrix.

Persistent Systems Ltd also offers a range of services, such as software product development, software testing and quality assurance, software maintenance and support, and IT infrastructure services. The company is also a leading provider of enterprise digital transformation services, helping customers to transform their business processes and operations.

Share Price: ₹4583.45 per share as on 19 Jul, 2024 04:01 PM
Market Capitalisation: ₹75,425.19Cr as of today
Revenue: ₹2,737.17Cr as on June 2024 (Q2 24)
Net Profit: ₹306.42Cr as on June 2024 (Q2 24)
Listing date: 06 Apr, 2010
Chairperson Name: Anand Deshpande
OrganisationPersistent Systems Ltd
Headquarters
IndustryIT - Software
E-voting on sharesClick here to vote

Key events for Persistent Systems Ltd

  • Persistent Systems Reports QoQ Decline in Net Profit - 20 Jul, 2024

    Persistent Systems reported a 2.8% QoQ decline in net profit to Rs 306.42 crore for the June quarter, but saw a 33.9% YoY increase. Dollar revenue grew 5.6% QoQ to $328.2 million, marking a 16% YoY rise. Order bookings were $462.8 million in TCV and $337.3 million in ACV. The company will be maintaining margins at FY24 levels of 14.5% and expects margins to grow by 200-3000 bps over the next two to three years.

  • Persistent Systems' Q1 Results Impact Stock Prices - 19 Jul, 2024

    Persistent Systems reported a 33.9% rise in net profit for Q1 FY25, but the stock prices fell by nearly 7% due to declining PAT and narrowing operating margins. The company's P/E ratio is high compared to its competitors, and it earns most of its revenue from North America. However, the company signed an agreement to acquire Starfish Associates and entered into a Strategic Partnership Agreement with Google Cloud.

  • Persistent Systems Reports Strong Financial Performance in Q1 FY25 - 18 Jul, 2024

    Persistent Systems reports strong financial performance in Q1 FY25 with 5.6% QoQ growth in US Dollar revenue to $328.2 million, 33.94% YoY rise in net profit, and sets target of becoming a $2 billion company in three years.

  • Persistent Systems Ltd's P/E Ratio Raises Concerns - 13 Jul, 2024

    Persistent Systems' stock has gained 28% in the last month, with an annual gain of 95%. However, its high P/E ratio of 64.6x is concerning as it is above most other companies and not justified by recent earnings growth. Analysts forecast a 22% per year growth for the next three years, but this may not be enough to sustain the current share price.

  • Persistent Systems Receives Outperform Rating from Bernstein - 10 Jul, 2024

    Bernstein has initiated coverage on Persistent Systems with an outperform rating and a target price of Rs 5,920 per share, reflecting a 28% upside potential. The company's revenue climbed by 17% YoY, rising from ₹8,351 crore in FY22-23 to ₹9,822 crore in FY23-24.

  • Persistent Systems Receives Mixed Ratings from Analysts - 09 Jul, 2024

    Bernstein initiates coverage on engineering services companies including Persistent Systems with an outperform rating and a target price of Rs 5,920. However, Citi maintains a sell call with a target price of Rs 3,080 due to potential margin decline in Q2 and market concerns over FY25 guidance.

  • Persistent Systems Shows Promising Performance with 18.7% Increase in Earnings - 08 Jul, 2024

    Persistent Systems, a growth-oriented company in India, has reported an 18.7% increase in earnings over the past year and is expected to see revenue and earnings growth outpace the broader Indian market at 13.5% and 18% per year, respectively. Recent strategic initiatives include launching GenAI Hub to bolster enterprise AI applications.

  • Persistent Systems Acquires US-Based AI Firm - 05 Jul, 2024

    Persistent Systems acquires Starfish Associates, LLC, USA, to strengthen its AI offerings and improve its presence in the contact center automation domain. The company is experiencing steady growth with an increase in earnings and reliable dividend yield.

  • Persistent Systems Acquires Starfish Associates to Expand AI Business Offerings - 04 Jul, 2024

    Persistent Systems acquires New Jersey-based firm Starfish Associates for $20.7 million to deepen expertise in business operations and expand AI-driven business transformation capabilities. ICICI Securities maintains an add rating to the stock.

  • Persistent Systems Acquires Starfish Associates for $20.7 Million - 03 Jul, 2024

    IT firm Persistent Systems has acquired New Jersey-based Starfish Associates for $20.7 million, expanding its AI-driven business transformation capabilities in the Contact Center and Unified Communications space.

  • Persistent Systems Launches GenAI Hub; Analysts Recommend Buying Stock - 02 Jul, 2024

    Persistent Systems is demonstrating robust financial health and strategic innovation. The launch of the GenAI Hub indicates strong future potential through technological leadership and market responsiveness. Mehta Equities recommends buying the stock with a target price of 4700.

  • Persistent Systems Gains Ahead of Earnings Report - 01 Jul, 2024

    Persistent Systems' stock gains 5.59% on NSE and is up for the third straight session. The company is poised for robust growth with an expected annual earnings increase of 18.2%. Additionally, the Nifty IT index gained 2%, with Persistent Systems up 2-4% ahead of their Q1FY25 earnings report next week.

  • Persistent Systems Shows Potential Amid Executive Changes - 26 Jun, 2024

    Persistent Systems' insider ownership dynamics and expected earnings growth of 18.18% annually show potential despite recent organizational instability due to multiple senior-level resignations. The company's stock has gained around 6.4% in the last month.

  • Persistent Systems Demonstrates Robust Growth Despite Executive Changes - 25 Jun, 2024

    Persistent Systems has reported a 13.3% annual increase in revenue, outpacing the Indian market average of 9.6%. The launch of GenAI Hub is set to enhance enterprise AI application development significantly. However, earnings growth is expected to be below the high growth benchmark of over 20%.

  • Persistent Systems Experiences Robust Growth Amid Executive Resignations - 24 Jun, 2024

    Persistent Systems is experiencing strong growth with revenue and earnings outpacing the broader market average. However, recent executive resignations may pose challenges for stability within its leadership team. The stock is up 1.51% on the day.

  • Persistent Systems' Dividend Reduced to Rs 10.00 - 23 Jun, 2024

    Persistent Systems has reduced its dividend to Rs 10.00, but with a low payout ratio and rapidly growing earnings per share, it could be a great dividend stock. The company's distributions have been remarkably stable, growing at a yearly rate of about 28% over the past five years.

  • Persistent Systems Shows Notable Growth, Declares Dividend - 21 Jun, 2024

    Persistent Systems is experiencing notable growth with high insider ownership and commitment to innovation in enterprise AI solutions. The company has recommended a dividend of Rs 10 per equity share for FY 2023-24, leading to a 5.27% increase in its share price.

Insights on Persistent Systems Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 24.55% to 24.96% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, PERSISTENT stock has moved up by 17.6%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 16.91% to 17.02% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 15 quarters, 1.10K Cr → 2.76K Cr (in ₹), with an average increase of 6.3% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 315.32 Cr → 306.42 Cr (in ₹), with an average decrease of 2.8% per quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 31.06% to 31.02% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 22.35% to 21.01% in Mar 2024 quarter

Company Financials

Value in ₹ crore
Q'2 24Q/Q Change
Revenue
₹2,737.17Cr
↑5.66%
Net Income
₹306.42Cr
↓2.82%
Net Profit Margin
11.19%
↓8.05%
2024Y/Y Change
Revenue
₹9,821.59Cr
↑17.62%
Net Income
₹1,093.49Cr
↑18.72%
Net Profit Margin
11.13%
↑0.91%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹6,058.90Cr
↑23.45%
Total Liabilities
₹1,280.24Cr
↑32.49%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹570.81Cr
↑9.81%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
31.02%
0.00
Foreign Institutions
24.96%
0.00
Mutual Funds
21.01%
0.00
Retail Investors
17.02%
0.00
Others
5.98%
0.00

Key Indicators

Persistent Systems Ltd Valuation

Persistent Systems Ltd in the last 5 years

  • Overview

  • Trends

Lowest (7.47x)

March 28, 2019

Industry (38.47x)

July 19, 2024

Today (59.34x)

July 19, 2024

Highest (64.75x)

February 16, 2024

LowHigh

Earnings and Dividends

  • Persistent Systems Ltd Earnings Results

    Persistent Systems Ltd’s net profit jumped 33.94% since last year same period to ₹306.42Cr in the Q1 2024-2025. On a quarterly growth basis, Persistent Systems Ltd has generated -2.82% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Persistent Systems Ltd Dividends April,2024

    In the quarter ending March 2024, Persistent Systems Ltd has declared dividend of ₹10 - translating a dividend yield of 1.40%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Persistent Systems Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Persistent Systems Ltd (PERSISTENT) share price today is ₹4583.45

Persistent Systems Ltd is listed on NSE

Persistent Systems Ltd is listed on BSE

  • Today’s highest price of Persistent Systems Ltd is ₹4799.85.
  • Today’s lowest price of Persistent Systems Ltd is ₹4535.

PE Ratio of Persistent Systems Ltd is 59.34

PE ratio = Persistent Systems Ltd Market price per share / Persistent Systems Ltd Earnings per share

Today’s traded volume of Persistent Systems Ltd(PERSISTENT) is 19.24L.

Today’s market capitalisation of Persistent Systems Ltd(PERSISTENT) is ₹75425.19Cr.

Persistent Systems Ltd(PERSISTENTPrice
52 Week High
₹4928.95
52 Week Low
₹2317.18

Persistent Systems Ltd(PERSISTENT) share price is ₹4583.45. It is down -7.01% from its 52 Week High price of ₹4928.95

Persistent Systems Ltd(PERSISTENT) share price is ₹4583.45. It is up 97.80% from its 52 Week Low price of ₹2317.18

Persistent Systems Ltd(PERSISTENTReturns
1 Day Returns
-312.7%
1 Month Returns
17.57%
3 Month Returns
30.64%
1 Year Returns
81.75%