MarketFriction

Persistent Systems Ltd

NSE PERSISTENT · BSE 533179 · Computers - Software & Consulting
₹5,367.00 +1.67%
NSE close2026-10-01
52 week range4,244.50 - 6,599.00
Market cap₹81,431 Cr.
P/E40.9
Nifty 200Nifty 500Nifty Midcap 50Nifty Midcap 100Midcap 150Nifty Midcap SelectNifty IT No price band Delivery 36.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,4122,4982,5912,7372,8973,0623,2423,3343,5813,7784,0564,303
Expenses2,0072,0562,1362,2822,4162,5242,6582,7222,8983,0453,2883,606
Operating Profit405442454455481538584612683733768697
OPM %17%18%18%17%17%18%18%18%19%19%19%16%
Other Income373831314743185552-493371
Interest121210141816181718191929
Depreciation7479807174827994100101109115
Profit before tax356389395401435482505555617565674623
Tax %26%26%20%24%25%23%22%23%24%22%21%22%
Net Profit263286315306325373396425471439529483
EPS in Rs17.1118.5920.4719.8921.0224.1225.5927.1730.1527.8633.5530.62
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,3122,8783,0343,3663,5664,1885,7118,3519,82211,93914,74815,718
Expenses1,9212,4132,5652,8103,0733,5054,7536,8318,1469,88111,95312,837
Operating Profit3924654695564936839581,5191,6762,0582,7962,881
OPM %17%16%15%17%14%16%17%18%17%17%19%18%
Other Income7784119881321081444112813891107
Interest000066124747677385
Depreciation99149158157166176166272309307403424
Profit before tax3704014294864526099241,2411,4481,8222,4112,479
Tax %25%25%25%28%25%26%25%26%24%23%23%
Net Profit2773013233523404516909211,0931,4001,8651,923
EPS in Rs17.3318.8420.1921.9822.2629.4845.1560.2470.9890.54118.23122.18
Dividend Payout %23%24%25%25%27%34%34%41%37%39%34%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth20%29%21%25%
Compounded Profit Growth22%36%28%31%
Stock Price CAGR32%23%21%7%
Return on Equity22%25%26%27%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital808080807976767676777879
Reserves1,3261,5781,8192,0472,2662,3092,7193,2923,8894,8816,2417,759
Borrowings433227198578655451311477
Other Liabilities3654594335145096357711,4731,9991,9972,0923,029
Total Liabilities1,7752,1202,3352,6442,8563,0923,6665,4196,6197,4058,72211,344
Fixed Assets4084375365124014324571,5342,3412,2212,5412,856
CWIP42729532301210716347738
Investments6746386848807649791,0008226408279801,615
Other Assets6891,0181,0861,2471,6591,6522,1972,9563,6224,3245,1236,836
Total Assets1,7752,1202,3352,6442,8563,0923,6665,4196,6197,4058,72211,344
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3122542864214323527368459561,3021,1571,767
Cash from Investing Activity-230-86-222-337-233-6-540-971-383-525-517-618
Cash from Financing Activity-66-127-58-96-160-329-144182-404-582-628-748
Net Cash Flow16416-123916525616919612401
Free Cash Flow21689703563952776114645249479641,572
CFO/OP105%91%84%116%103%98%131%113%85%98%81%86%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days696760585361506169628283
Inventory Days
Days Payable
Cash Conversion Cycle696760585361506169628283
Working Capital Days29404953433725420244750
ROCE %29%23%23%20%20%18%21%26%30%29%31%34%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters31.06%31.06%31.02%31.02%30.66%30.66%30.66%30.56%30.56%30.29%30.29%30.29%
FIIs21.34%24.55%24.96%22.55%23.34%24.75%24.36%24.19%21.24%22.79%22.11%20.79%
DIIs28.67%26.13%25.88%28.23%27.37%26.26%26.85%27.77%30.60%29.80%30.47%30.25%
Public16.96%16.91%17.03%17.51%16.96%17.22%17.28%16.88%17.14%16.21%16.14%17.99%
Others1.97%1.34%1.12%0.69%1.67%1.09%0.83%0.60%0.45%0.88%0.96%0.66%
No. of Shareholders1,82,1931,85,7281,89,5702,30,0632,28,5342,39,6822,38,7952,43,4412,54,8972,33,7872,40,5182,84,983

Fundamentals

Market Cap₹ 81,431 Cr.
Current Price₹ 5,162
Stock P/E40.9
Book Value₹ 497
ROCE34.4 %
ROE27.2 %
Dividend Yield0.77 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)25%
Compounded Profit Growth (TTM)31%
Consolidated figures.
Valuation
Market capRs 84,664 Cr
Enterprise valueRs 83,924 Cr
P/E (TTM)44.02x
Price to book10.80x
Price to sales5.39x
EV / EBITDA28.09x
EV / EBIT32.74x
EV / sales5.34x
Price to cash flow47.91x
Earnings yield2.27%
Dividend yield0.75%
P/E, 3-year average52.92x
P/B, 3-year average11.93x
P/E, 5-year average40.85x
P/B, 5-year average9.13x
Profitability
Operating margin (excl. other income)18.96%
Operating margin (incl. other income)19.57%
EBITDA margin19.01%
Pre-tax margin15.77%
Net profit margin12.24%
Net margin, latest quarter11.23%
ROE26.35%
ROCE33.24%
ROA18.59%
ROE, 3-year average25.23%
ROCE, 3-year average31.48%
ROA, 3-year average17.18%
ROE, 5-year average24.64%
ROCE, 5-year average30.37%
ROA, 5-year average16.41%
ROIC (approx.)27.94%
Tax rate22.65%
Other income / net worth1.16%
Growth
Sales growth (latest year)23.53%
Profit growth (latest year)33.21%
Sales CAGR, 3 years20.88%
Sales CAGR, 5 years28.63%
Profit CAGR, 3 years26.51%
Profit CAGR, 5 years32.85%
Sales growth QoQ6.10%
Profit growth QoQ-8.73%
Sales growth YoY (latest quarter)29.09%
Profit growth YoY (latest quarter)13.67%
Per share
EPS (TTM)Rs 121.92
EPS (latest year)Rs 118.23
EPS (latest quarter)Rs 30.62
EPS, 3-year averageRs 93.02
EPS, 5-year averageRs 97.98
Book value per shareRs 496.85
Sales per shareRs 996.39
Cash flow per shareRs 112.02
Free cash flow per shareRs 99.65
Dividend per share (latest year)Rs 40.00
Dividend per share, 3-year averageRs 33.67
Dividend per share, 5-year averageRs 36.40
Dividends
Dividend payout33.83%
Dividend payout, 3-year average36.48%
Dividend payout, 5-year average37.05%
Efficiency
Asset turnover1.30x
Fixed asset turnover5.16x
Debtor days83 days
Debtors turnover4.42x
Cash conversion cycle83 days
Working capital days50 days
Leverage
Total debtRs 477 Cr
Cash and bankRs 1,218 Cr
Net debtRs -741 Cr
Debt to equity0.06x
Net debt / EBITDA-0.25x
Interest coverage30.25x
Current ratio (filing 2026-03-31)2.43x
Quick ratio (filing 2026-03-31)2.43x
Trade payables (filing 2026-03-31)Rs 1,134 Cr
Owners' fund to total sources69.09%
Debt to assets4.21%
Cash flow
Cash from Operating Activity (latest year)Rs 1,767 Cr
Cash from Investing Activity (latest year)Rs -618 Cr
Cash from Financing Activity (latest year)Rs -748 Cr
Net Cash Flow (latest year)Rs 401 Cr
Free cash flow (latest year)Rs 1,572 Cr
FCFE (approx.: FCF + change in debt)Rs 1,739 Cr
Cash from ops / profit, 5 years1.01x
Sales to cash flow8.35x
Statement figures
Net sales (TTM)Rs 15,718 Cr
Net sales (latest year)Rs 14,748 Cr
Sales (latest quarter)Rs 4,303 Cr
Operating profit excl. other income (latest year)Rs 2,796 Cr
Operating profit (latest quarter)Rs 697 Cr
Other income (TTM)Rs 107 Cr
EBITDA (TTM)Rs 2,988 Cr
PBDT (TTM)Rs 2,903 Cr
Profit before tax (TTM)Rs 2,479 Cr
Tax (latest year)Rs 546 Cr
Net profit (TTM)Rs 1,923 Cr
Net profit (latest year)Rs 1,865 Cr
Net profit (latest quarter)Rs 483 Cr
Depreciation (TTM)Rs 424 Cr
Depreciation (latest quarter)Rs 115 Cr
Interest (TTM)Rs 85 Cr
Cost of goods sold (latest year)Rs 3,320 Cr
Total expenditure (latest year)Rs 11,953 Cr
Total income (latest year)Rs 14,839 Cr
Share capitalRs 79 Cr
ReservesRs 7,759 Cr
Shareholders' fundsRs 7,838 Cr
Total assetsRs 11,344 Cr
Net blockRs 2,856 Cr
Capital work in progressRs 38 Cr
InvestmentsRs 1,615 Cr
ReceivablesRs 3,334 Cr
Other liabilitiesRs 3,029 Cr
Shares outstanding (crore)15.78
Ownership
Promoter holding30.29% (-0.27 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 44.0 is at the 50th percentile of its own 9.4-year range (median 43.9, low 10.6, high 93.2).
P/B 10.80 is at the 58th percentile (median 9.06).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPERSISTENTNifty 50Difference
1 week+1.7%-2.8% +4.5 pts
1 month-7.5%-6.8% -0.7 pts
3 months+14.6%-7.6% +22.2 pts
6 months+10.0%+0.4% +9.6 pts
1 year+5.2%-9.9% +15.1 pts
2 years+0.7%-13.6% +14.3 pts
3 years+85.2%+14.2% +71.0 pts
5 years+194.6%+27.9% +166.7 pts
264 mutual fund schemes hold about ₹19,073 Cr. Over three months 194 bought more and 35 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Mid Cap Fund1.77%1,923 +7%
Motilal Oswal Midcap Fund4.41%1,888 -16%
HDFC Flexi Cap Fund1.34%1,523 +7%
Kotak Mid Cap Fund1.58%1,130 +11%
Nippon India Growth Mid Cap Fund1.76%920 +6%
UTI Flexi Cap Fund3.36%812 +8%
Mirae Asset Large & Midcap Fund1.58%724 +132%
Mirae Asset Midcap Fund3.13%654 +37%
Aditya Birla SL Flexi Cap Fund1.61%468 +8%
Motilal Oswal Flexi Cap Fund3.11%441 -13%
Aditya Birla SL Large Cap Fund1.36%406 +10%
Edelweiss Mid Cap Fund2.04%406 +44%
Tata Digital India Fund3.71%379 +15%
Canara Rob Large and Mid Cap Fund1.40%369 +4%
ICICI Pru Technology Fund2.28%312 -21%
Nippon India Small Cap Fund0.37%308 +7%
Invesco India Focused Fund3.88%250 -0%
HDFC Large & Mid Cap Fund0.73%222 +9%
Axis ELSS-Tax Saver Fund0.63%207 -5%
Aditya Birla SL Digital India Fund5.01%206 +17%
UTI Mid Cap Fund1.42%182 -1%
Aditya Birla SL Multi-Cap Fund2.15%162 +39%
Sundaram Mid Cap Fund0.98%145 -21%
PGIM India Midcap Fund1.28%144 +10%
Sundaram Mid Cap Fund0.98%142 -21%

Red flags

F-score 4 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-09-08Chinmay BuzrukPromoter Groupother10,000Gift
2021-08-11PSPL ESOP Management TrustOtherbuy55,000Rs 17.23 CrMarket Purchase
2021-08-10PSPL ESOP Management TrustOtherbuy500Rs 0.16 CrMarket Purchase
2021-08-10PSPL ESOP Management TrustOtherbuy7,201Rs 2.26 CrMarket Purchase
2021-08-09PSPL ESOP Management TrustOtherbuy22,853Rs 7.15 CrMarket Purchase
2021-08-09PSPL ESOP Management TrustOtherbuy2,000Rs 0.63 CrMarket Purchase
2021-08-06PSPL ESOP Management TrustOtherbuy238Rs 0.07 CrMarket Purchase
2021-08-06PSPL ESOP Management TrustOtherbuy17,454Rs 5.44 CrMarket Purchase
2021-08-05PSPL ESOP Management TrustOtherbuy16,827Rs 5.17 CrMarket Purchase
2021-08-05PSPL ESOP Management TrustOtherbuy3,752Rs 1.15 CrMarket Purchase
2021-08-04R VenkateswaranEmployees/Designated Employesell2,523Rs 0.78 CrMarket Sale
2021-08-04PSPL ESOP Management TrustOtherbuy29,450Rs 8.99 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹4,303 Cr +29.1% vs Jun 2025. Net profit ₹483 Cr +13.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-27Dividend - Rs 18 Per Share
2026-01-27Interim Dividend - Rs 22 Per Share
2025-07-14Annual General Meeting/Dividend - Rs 15 Per Share
2025-01-31Interim Dividend - Rs 20 Per Share
2024-07-09Annual General Meeting/Dividend - Rs 10 Per Share
2024-03-28Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2024-01-30Interim Dividend - Rs 32 Per Share
2023-07-11Annual General Meeting/Dividend - Rs 12 Per Share/ Special Dividend - Rs 10 Per Share
2023-01-25Interim Dividend - Rs 28 Per Share
2022-07-11Annual General Meeting/Dividend - Rs 11 Per Share
2022-01-27Interim Dividend - Rs 20 Per Share
2021-07-13 Annual General Meeting/Dividend - Rs 6 Per Share
2021-02-09 Interim Dividend - Rs 14 Per Share
2020-07-16 Annual General Meeting
2020-03-18 Interim Dividend - Rs 3 Per Share
2020-02-06 Interim Dividend - Rs 9 Per Share
2019-07-11 Annual General Meeting/Dividend Rs 3/-
2019-02-04 Interim Dividend - Rs 8 Per Share
2018-07-19 Annual General Meeting/Dividend- Rs 3 Per Share
2018-02-02 Interim Dividend - Rs 7/- Per Share (Purpose Revised)
2017-07-12 Annual General Meeting/Dividend - Rs 3/- Per Share
2017-01-31 Interim Dividend Rs 6/- Per Share (Purpose Revised)
2016-07-15 Annual General Meeting
2016-03-17 Interim Dividend - Rs 3/- Per Share (Purpose Revised)
2016-02-02 Interim Dividend - Rs 5/- Per Share (Purpose Revised)
2015-07-16Annual General Meeting/Final Dividend - Rs. 2.50/- Per Share And Special Silver Jubilee Dividend - Rs. 2.50/- Per Share
2015-03-10Bonus 1 : 10.5000
2015-01-29Interim Dividend - Rs 10/- Per Share (Purpose Revised)
2014-07-17Annual General Meeting And Dividend Rs.4/- Per Share
2014-01-30Interim Dividend - Rs 8/- Per Share (Purpose Revised)
2013-07-24Annual General Meeting / Final Dividend - Rs 3/- Per Share
2013-01-31Interim Dividend Rs 6 Per Share (Purpose Revised)
2012-07-17Annual General Meeting/Dividend Rs 2.50 Per Share
2012-01-25Interim Dividend Rs.3.50 Per Share (Purpose Revised)
2011-07-14Final Dividend-Rs.1.50 Per Share
2011-01-31Interim Dividend Rs.2/- Per Share And Special Dividend Rs.2/- Per Share
2010-07-16Final Dividend-Re.0.50 Per Share
2010-05-03Int Div-Rs.1.50 Per Share
DateTypeWhat it says
2026-10-02AllotmentAllotment of 400000 securities pursuant to ESOP/ESPS at its meeting held on October 02, 2026
2026-09-30Concall / analyst meetPresentation
2026-09-29Concall / analyst meetSchedule of meet
2026-09-29Concall / analyst meetPresentation
2026-09-28Concall / analyst meetPresentation
2026-09-25Concall / analyst meetSchedule of meet
2026-09-25Concall / analyst meetSchedule of meet
2026-09-25Concall / analyst meetPresentation
2026-09-24Concall / analyst meetPresentation
2026-09-24Concall / analyst meetSchedule of meet
2026-09-23Concall / analyst meetPresentation
2026-09-23Concall / analyst meetSchedule of meet
2026-09-23Concall / analyst meetSchedule of meet
2026-09-22Concall / analyst meetPresentation
2026-09-22Press ReleaseA press release dated September 22, 2026, titled "Persistent s Takeover Offer for Nagarro Successful - Additional Acceptance Period to run from Septem...
2026-09-22UpdatesUpdate on Voluntary Public Takeover Offer made by Persistent Systems Limited to the shareholders of Nagarro SE .
2026-09-21Concall / analyst meetPresentation
2026-09-21Press ReleaseA press release dated September 21, 2026, titled "Persistent Earns Databricks Brickbuilder Specialization for BFSI to Advance Governed AI in Financial...
2026-09-19Investor PresentationInvestor Presentation
2026-09-19ResignationResignation of Director/KMP/SMP
2026-09-18General UpdatesGeneral Updates
2026-09-18Concall / analyst meetSchedule of meet
2026-09-18General UpdatesGeneral Updates
2026-09-17Concall / analyst meetSchedule of meet
2026-09-16Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.76
Max pain (expiry 2026-10-27)5,300
Largest call open interest at5,400
Largest put open interest at5,300
Implied volatility, at the money37.8%
Underlying at snapshot5,367.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-301,270
2026-09-2913,745
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Persistent Systems Ltd?

Persistent Systems Ltd (PERSISTENT) has a market capitalisation of Rs 81,431 Cr. at the 2026-10-01 close.

What is the P/E ratio of Persistent Systems Ltd?

Persistent Systems Ltd trades at a P/E of 40.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Persistent Systems Ltd's latest quarterly results?

In the Jun 2026 quarter, Persistent Systems Ltd sales was Rs 4,303 Cr (+29.1% vs Jun 2025) and net profit was Rs 483 Cr.

What is the 52-week high and low of Persistent Systems Ltd?

The 52-week high is Rs 6,599.00 and the 52-week low is Rs 4,244.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03