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Persistent Systems Limited
(PERSISTENT)
Persistent Systems Limited (PERSISTENT) vs. iShares MSCI India ETF (INDA)
Persistent Systems Limited Business Overview & Revenue Model
Persistent Systems Limited Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 119.39B | 90.95B | 83.51B | 57.11B | 41.88B |
| Gross Profit | 22.36B | 25.23B | 34.28B | 23.39B | 16.45B |
| EBITDA | 19.27B | 16.63B | 15.60B | 11.02B | 7.91B |
| Net Income | 14.00B | 10.93B | 9.21B | 6.90B | 4.51B |
Balance Sheet | |||||
| Total Assets | 87.37B | 73.74B | 66.73B | 54.19B | 36.66B |
| Cash, Cash Equivalents and Short-Term Investments | 11.15B | 10.48B | 9.56B | 12.66B | 15.07B |
| Total Debt | 3.11B | 4.51B | 6.58B | 5.78B | 984.40M |
| Total Liabilities | 24.18B | 24.16B | 27.08B | 20.51B | 8.70B |
| Stockholders Equity | 63.19B | 49.58B | 39.65B | 33.68B | 27.96B |
Cash Flow | |||||
| Free Cash Flow | 9.20B | 9.37B | 5.22B | 4.60B | 6.08B |
| Operating Cash Flow | 11.57B | 13.02B | 9.56B | 8.45B | 7.36B |
| Investing Cash Flow | -4.34B | -5.62B | -4.21B | -9.77B | -5.42B |
| Financing Cash Flow | -6.28B | -5.47B | -4.04B | 1.82B | -1.44B |
Persistent Systems Limited Technical Analysis
Persistent Systems Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹331.48B | 57.23 | ― | 1.38% | -1.19% | -17.92% | |
73 Outperform | ₹553.66B | 46.59 | ― | 0.88% | 41.97% | 38.73% | |
73 Outperform | ₹526.00B | 29.29 | ― | 1.94% | 8.73% | 11.33% | |
69 Neutral | ₹951.83B | 54.53 | ― | 0.55% | 23.27% | 33.09% | |
66 Neutral | ₹1.77T | 37.34 | ― | 1.08% | 8.72% | 4.54% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | ₹60.51B | -7.89 | ― | 0.55% | -17.23% | -185.73% |
Persistent Systems Limited Corporate Events
Persistent Systems Limited has notified the stock exchanges that it will hold a one-on-one virtual investor and analyst interaction with Creagis on January 28, 2026. The company stated that the discussion will be limited to reiterating information already shared during its January 20, 2026 earnings call for the quarter and nine months ended December 31, 2025, and confirmed that no unpublished price-sensitive information will be disclosed, underscoring its compliance with regulatory norms and commitment to transparent communication with the market.
Persistent Systems Limited has notified stock exchanges that it has published the outcome and audio recording of its investor and analyst call for the quarter and nine months ended December 31, 2025. The materials, including the Q3 FY26 analyst presentation, factsheet, and call recording, have been made available on the company’s website in compliance with SEBI’s listing and disclosure regulations, enhancing transparency for investors and other market participants.
Persistent Systems Limited’s board has approved an interim dividend of ₹22 per equity share of face value ₹5 for the 2025-26 financial year, underscoring continued confidence in the company’s cash generation and financial position. The dividend will be paid to shareholders on record as of January 27, 2026, within the statutory 30-day window, providing near-term income to investors and signaling ongoing shareholder-friendly capital allocation amid the company’s growth in the IT services sector.
Persistent Systems Limited’s board has approved an internal restructuring under which it will transfer its entire shareholding in its German and French subsidiaries—Persistent Systems Germany GmbH and Persistent Systems France S.A.S.—to Aepona Group Limited, Ireland. The move, aimed at entity rationalization and improving operational efficiency within the group, will make the German and French units wholly owned subsidiaries of Aepona Group, with no stated special benefits to the promoter group; the restructuring primarily reshapes the internal shareholding pattern of the company’s European operations without indicating broader financial or ownership changes at the listed parent entity.
Persistent Systems Limited has appointed Ms. Nitha Puthran as Executive Vice President and Senior Managerial Person, effective January 2, 2026, strengthening its senior leadership team. Puthran, a Bachelor of Engineering graduate from the University of Bombay with over two decades of experience in building and scaling cloud, infrastructure, and managed services businesses, has led major transformation initiatives and secured significant cloud deals in the financial services sector, positioning the company to deepen its capabilities and competitiveness in high-growth digital infrastructure and cloud transformation markets.
Persistent Systems Limited has announced the closure of its trading window from December 25, 2025, to January 22, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of conduct, ahead of the consideration and approval of its financial results for the quarter and nine months ending December 31, 2025. The company has notified its promoters, promoter group, directors, key managerial personnel, designated persons, their immediate relatives, and connected persons of the restriction, with trading to resume from January 23, 2026, underscoring its compliance focus and governance practices around handling unpublished price-sensitive information before earnings announcements.
Persistent Systems Limited has initiated an internal group restructuring by executing a Share Purchase Agreement to transfer full ownership of three overseas subsidiaries currently held by Persistent Systems Germany GmbH. The 100% shareholding in Persistent Systems Costa Rica Limitada will move to Persistent Systems Inc. in the US, while Persistent Systems Switzerland AG and Persistent Systems S.R.L. in Romania will be transferred to Ireland-based Aepona Group Limited, all on an arm’s-length basis and for cash consideration. The company states that the changes, to be completed by March 31, 2026, are aimed at entity rationalization and improving operational efficiency within the group, aligning its international corporate structure more closely with business and geographic priorities and potentially streamlining management and reporting lines across its ITES operations.
Persistent Systems Limited has completed the internal transfer of 100% shareholding of Aepona Group Limited, Ireland, from its wholly owned US subsidiary, Persistent Systems Inc., to the Indian parent entity after all customary closing conditions were met on December 23, 2025. With this step, Aepona Group Limited has become a direct wholly owned subsidiary of Persistent Systems Limited in India, simplifying the group’s ownership structure and potentially enhancing strategic, legal, and financial alignment of its international operations for shareholders and regulators.
Persistent Systems Limited recently conducted one-on-one investor sessions with Millennium Capital and Bajaj AMC, reiterating information from their previous earnings call for the quarter ending September 30, 2025. These interactions did not introduce new information but reinforced the company’s communicated performance and strategies, potentially strengthening investor confidence and maintaining transparency with stakeholders.
Persistent Systems Limited has announced upcoming investor and analyst sessions scheduled for December 15 and 18, 2025. These interactions, which will be held with Millennium Capital, Bajaj AMC, and Axis Max Life Insurance, aim to reiterate information from their recent earnings call, ensuring no unpublished price-sensitive information is disclosed. The sessions reflect the company’s commitment to maintaining transparency with its stakeholders.
Persistent Systems Limited has announced the acquisition of Aepona Group Limited, an ITES company based in Ireland, as part of an internal restructuring strategy. The acquisition, which involves a cash consideration of Euro 13,879,670, aims to transfer 100% shareholding from Persistent Systems Inc., USA to Persistent Systems Limited, India, enhancing operational efficiency and entity rationalization within the group.
Persistent Systems Limited has announced the establishment of a new branch office in Abu Dhabi, UAE. This strategic expansion, facilitated by the Department of Economic Development – Abu Dhabi Registration Authority, is expected to enhance the company’s operational capabilities and strengthen its market presence in the Middle East region.
Persistent Systems Limited announced the resignation of Mr. Vikram Tulsyan from his role as Senior Vice President – Business Finance, effective November 21, 2025, due to personal reasons. This change in leadership is part of the company’s ongoing adjustments and is not attributed to any material reasons, suggesting stability in its operational and strategic direction.
Persistent Systems Limited recently conducted a virtual one-on-one session with Matthews International on November 3, 2025. During this session, the company reiterated information from its previous earnings call for the quarter and half-year ended September 30, 2025, without disclosing any new information. This interaction underscores the company’s commitment to transparency and maintaining investor relations.