PERSISTENT · NSE
Persistent Systems Limited
₹5,416
-1.04% (-₹57)
Prev. close
₹5,473
Volume
4,94,682
Delivery %
46.5%
As of
18 Sept 2026
Price history
Motilal Oswal Analysis · Motilal Oswal Financial Services · 29 Jun 2026
“Motilal Oswal reiterates a 'buy' rating on Persistent Systems with a target price of ₹6,200, implying a 28% upside, valuing the stock at 34 times FY28E EPS. This is based on the Nagarro acquisition addressing scale in Europe, broadening vertical mix, and creating cross-sell opportunities at a reasonable valuation of 9.1 times EV/EBITDA. However, they will monitor execution, integration, cost synergies, and margin convergence given Nagarro's lower profitability.”
Published mid-session at 09:59 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
5 analyst stances · last 90 days · one per analyst
Trackable
5 · 4 bull / 1 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Persistent Systems is the clear No. 1 among mid-cap IT companies in CLSA's AI capability assessment, scoring 1.7. It ran…” | CLSA AnalysisCLSA | Persistent Systems | PENDING | ||||
| “Bullish on Persistent Systems, which is trading above key short- and medium-term moving averages, highlighting a robust …” | Sudeep ShahSBI Securities | Persistent Systems | PENDING | ||||
| “Removed 'Buy' rating on Persistent Systems, assigning a target price of ₹6,250, primarily due to valuation concerns foll…” | UBS AnalysisUBS | Persistent Systems | PENDING | ||||
| “CLSA maintains a 'high-conviction outperform' rating on Persistent Systems with a revised price target of ₹6,246. The br…” | CLSA AnalysisCLSA | Persistent Systems | PENDING | ||||
| “Motilal Oswal reiterates a 'buy' rating on Persistent Systems with a target price of ₹6,200, implying a 28% upside, valu…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Persistent Systems | PENDING | ||||
“Motilal Oswal reiterates a 'buy' rating on Persistent Systems with a target price of ₹6,200, implying a 28% upside, valuing the stock at 34 times FY28E EPS. This is based on the Nagarro acquisition addressing scale in Europe, broadening vertical mix, and creating cross-sell opportunities at a reasonable valuation of 9.1 times EV/EBITDA. However, they will monitor execution, integration, cost synergies, and margin convergence given Nagarro's lower profitability.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
| “JM Financial maintains an 'add' view on Persistent Systems but trimmed its target price to ₹5,095 from ₹5,660. The revis…” | JM Financial AnalysisJM Financial Institutional Securities | Persistent Systems | PENDING | ||||
Fundamentals
About 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. The company has a research collaboration with the Indian Institute of Management Ahmedabad to introduce the 'AI Value compass to bring discipline and measurable outcomes to enterprise AI investments. Persistent Systems Limited was incorporated in 1990 and is based in Pune, India.
Details
Sector
Technology
Industry
Information Technology Services
CEO
Mr. Sandeep Kumar Kalra
Headquarters
Pune
Website
persistent.comExchange
View on NSE ↗Key stats
Market cap
₹85,505.25 Cr
P/E ratio (TTM)
44.7
Dividend yield
0.66%
EPS (TTM)
₹122.40
Beta (1Y · daily vs NIFTY 50)
0.94
Beta (5Y · monthly vs NIFTY 50)
1.08
Shares float
10.23 Cr
EPS · quarter ended Jun 2026
₹30.51
Upcoming earnings
15 Oct 2026
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.0% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹4,187.89 Cr | ₹5,710.75 Cr | ₹8,350.59 Cr | ₹9,821.59 Cr | ₹11,938.72 Cr | ₹14,748.45 Cr | |
| EBITDA | ₹790.79 Cr | ₹1,102.13 Cr | ₹1,560.09 Cr | ₹1,803.71 Cr | ₹2,196.35 Cr | ₹2,886.84 Cr |
| ₹450.68 Cr | ₹690.39 Cr | ₹921.09 Cr | ₹1,093.49 Cr | ₹1,400.16 Cr | ₹1,865.12 Cr | |
| Diluted EPS | ₹29.49 | ₹45.17 | ₹60.26 | ₹71.07 | ₹90.24 | ₹118.87 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | — | ₹6,619.15 Cr | ₹7,373.62 Cr | ₹8,736.60 Cr | ₹11,376.54 Cr | |
| — | — | ₹657.55 Cr | ₹451.13 Cr | ₹310.90 Cr | ₹477.45 Cr | |
| Stockholders' equity | — | — | ₹3,965.08 Cr | ₹4,957.71 Cr | ₹6,319.07 Cr | ₹7,837.86 Cr |
Total assets, Current assets, Inventory, Trade receivables, Cash & equivalents, Non-current assets, Fixed assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt, Stockholders' equity have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹735.93 Cr | ₹844.99 Cr | ₹955.76 Cr | ₹1,302.11 Cr | ₹1,156.92 Cr | ₹1,767.13 Cr | |
| Investing cash flow | ₹-538.58 Cr | ₹-971.24 Cr | ₹-421.31 Cr | ₹-562.09 Cr | ₹-434.43 Cr | ₹-609.90 Cr |
| ₹-144.26 Cr | ₹182.29 Cr | ₹-403.95 Cr | ₹-581.88 Cr | ₹-628.20 Cr | ₹-748.18 Cr | |
| Capital expenditure | ₹-128.10 Cr | ₹-385.40 Cr | ₹-433.30 Cr | ₹-358.03 Cr | ₹-236.69 Cr | ₹-208.58 Cr |
| End cash position | ₹241.93 Cr | — | ₹467.01 Cr | ₹662.52 Cr | ₹674.41 Cr | ₹1,074.92 Cr |
Debt issued, Debt repaid, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21 | Dec 21 | Mar 22 | Jun 22 | Sep 22 | Dec 22 | Mar 23 | Jun 23 | Sep 23 | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 31.26% | 31.26% | 31.26% | 31.26% | 31.26% | 31.26% | 31.26% | 31.06% | 31.06% | 31.06% | 31.02% | 31.02% | 30.66% | 30.66% | 30.66% | 30.56% | 30.56% | 30.29% | 30.29% | 30.29% |
| Public | 65.69% | 65.51% | 65.60% | 65.91% | 66.18% | 66.47% | 66.67% | 66.53% | 66.97% | 67.60% | 67.86% | 68.29% | 67.67% | 68.25% | 68.51% | 68.85% | 69.00% | 68.83% | 68.74% | 69.04% |
| Employee trusts | 3.05% | 3.23% | 3.14% | 2.83% | 2.56% | 2.27% | 2.07% | 2.41% | 1.97% | 1.34% | 1.12% | 0.69% | 1.67% | 1.09% | 0.83% | 0.60% | 0.45% | 0.88% | 0.96% | 0.66% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Technology
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Tata Consultancy Services Limited | ₹7.92 L Cr | ₹2,105 | 15.9 | 7.39 | 45.9% | 0.11 | +4.6% | -33.7% |
| Infosys Limited | ₹4.20 L Cr | ₹1,037.7 | 13.5 | — | 33.9% | 0.10 | +4.6% | -31.2% |
| HCL Technologies Limited | ₹3.40 L Cr | ₹1,249.3 | 19.5 | 4.53 | 22.1% | 0.07 | +11.2% | -16.4% |
| Wipro Limited | ₹1.65 L Cr | ₹166.4 | 13.5 | 1.86 | 14.9% | 0.23 | +4.0% | -34.5% |
| Tech Mahindra Limited | ₹1.38 L Cr | ₹1,537.1 | 27.0 | 4.67 | 16.2% | 0.07 | +7.2% | -0.9% |
| LTM Limited | ₹1.26 L Cr | ₹4,275.1 | 24.2 | 5.26 | 20.9% | 0.10 | +11.3% | — |
| One 97 Communications Limited | ₹1.13 L Cr | ₹1,849.9 | 175.9 | 7.05 | 3.5% | 0.01 | +21.5% | +50.5% |
| LG Electronics India Limited | ₹1.11 L Cr | ₹1,652.9 | 60.6 | 14.42 | 22.0% | 0.06 | +1.3% | — |
| Oracle Financial Services Software Limited | ₹1.01 L Cr | ₹11,896 | 29.7 | 12.93 | 33.7% | 0.00 | +12.1% | +29.7% |
| Persistent Systems Limited | ₹85,505.25 Cr | ₹5,416 | 44.7 | 10.91 | 23.8% | 0.06 | +23.5% | -2.7% |
| Dixon Technologies (India) Limited | ₹80,805.72 Cr | ₹13,005 | 43.3 | 17.28 | 30.8% | 0.21 | +25.8% | -29.1% |
| Coforge Limited | ₹79,425.97 Cr | ₹1,841 | 36.8 | 8.33 | 16.3% | 0.08 | +35.8% | +0.9% |
Ranked by market cap within Technology, same metrics as the Fundamentals screener. Click a column to sort.
Documents
IPO documents
Annual reports
Show all 18
Concall transcripts
Show all 11
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
53 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Persistent Systems confirms completion of takeover offer conditions for Nagarro SE
Business Upturn · 14 hours ago
IT stocks gain today, September 10: Aurionpro Solutions jumps 1.65%, Birlasoft rises 1.64%, Persistent Systems up 1.61%
Business Upturn · 9 days ago