Persistent Systems Limited (IN:PERSISTENT)
:PERSISTENT
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Persistent Systems Limited
(PERSISTENT)
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Rating:69Neutral
Price Target:
₹5,725.00
▼(-10.59% Downside)
Action:DowngradedDate:01/22/26
The score is primarily supported by strong financial quality (solid margins, strong ROE, and very low leverage). Offsetting this are a weaker near-term technical posture (below 20/50-DMAs with mostly neutral momentum indicators) and an expensive valuation (P/E ~57 with a low dividend yield), which cap upside attractiveness at current levels.
Positive Factors
Margins & Profitability
Persistent exhibits durable operating profitability with near-30% gross margins and mid-teens EBIT margins. Such sustained margin structure provides structural capacity to invest in product engineering and cloud services, absorb pricing pressure, and fund organic growth initiatives over the next 2–6 months.
Negative Factors
Uneven Revenue Trajectory
The firm’s historical uneven top-line, including a sharp FY2025 slowdown, signals lumpy demand and client project timing risk. For a services-led provider this reduces visibility into bookings and revenue across the next several quarters, complicating capacity planning and forecasting.
Read all positive and negative factors
Positive Factors
Negative Factors
Margins & Profitability
Persistent exhibits durable operating profitability with near-30% gross margins and mid-teens EBIT margins. Such sustained margin structure provides structural capacity to invest in product engineering and cloud services, absorb pricing pressure, and fund organic growth initiatives over the next 2–6 months.
Read all positive factors
Persistent Systems Limited (PERSISTENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹824.77B
Dividend Yield0.55%
Average Volume (3M)20.08K
Price to Earnings (P/E)55.7
Beta (1Y)1.31
Revenue Growth23.27%
EPS Growth33.09%
CountryIN
Employees21,950
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)28.36
Shares Outstanding157,750,000
10 Day Avg. Volume23,945
30 Day Avg. Volume20,081
Financial Highlights & Ratios
PEG Ratio2.23
Price to Book (P/B)12.80
Price to Sales (P/S)6.77
P/FCF Ratio87.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹6,600.00Price Target Upside3.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)147.26
Revenue Forecast (FY)₹175.63B
Persistent Systems Limited Business Overview & Revenue Model
Company Description
Persistent Systems Limited provides software products, services, and technology solutions in India, North America, and internationally. It provides payments, cloud and infrastructure, intelligent automation, data governance and security, Persisten...
How the Company Makes Money
Persistent Systems primarily makes money by delivering IT services and software engineering work to enterprise customers under commercial contracts. Its revenue model is largely services-led, earning fees for (a) digital engineering and product de...
Persistent Systems Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
79
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 139.35B | 119.39B | 98.22B | 83.51B | 57.11B | 41.88B |
| Gross Profit | 39.05B | 32.78B | 26.05B | 23.85B | 15.41B | 16.45B |
| EBITDA | 26.43B | 21.96B | 18.04B | 15.60B | 11.02B | 7.91B |
| Net Income | 17.32B | 14.00B | 10.93B | 9.21B | 6.90B | 4.51B |
Balance Sheet | ||||||
| Total Assets | 109.07B | 87.37B | 73.74B | 66.73B | 54.19B | 36.66B |
| Cash, Cash Equivalents and Short-Term Investments | 22.88B | 11.15B | 10.48B | 9.56B | 12.66B | 15.07B |
| Total Debt | 6.98B | 3.11B | 4.51B | 6.58B | 5.78B | 984.40M |
| Total Liabilities | 31.39B | 24.18B | 24.16B | 27.08B | 20.51B | 8.70B |
| Stockholders Equity | 77.68B | 63.19B | 49.58B | 39.65B | 33.68B | 27.96B |
Cash Flow | ||||||
| Free Cash Flow | 17.91B | 9.20B | 9.37B | 5.22B | 4.60B | 6.08B |
| Operating Cash Flow | 17.94B | 11.57B | 13.02B | 9.56B | 8.45B | 7.36B |
| Investing Cash Flow | -4.65B | -4.34B | -5.62B | -4.21B | -9.77B | -5.42B |
| Financing Cash Flow | -7.20B | -6.28B | -5.47B | -4.04B | 1.82B | -1.44B |
Persistent Systems Limited Technical Analysis
Neutral
6403.10
Price Trends
5315.25
Negative
5785.96
Negative
5637.38
Negative
Market Momentum
-56.24
Negative
60.76
Neutral
85.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PERSISTENT, the sentiment is Neutral. The current price of 6403.1 is above the 20-day moving average (MA) of 4781.48, above the 50-day MA of 5315.25, and above the 200-day MA of 5637.38, indicating a neutral trend. The MACD of -56.24 indicates Negative momentum. The RSI at 60.76 is Neutral, neither overbought nor oversold. The STOCH value of 85.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PERSISTENT.
Persistent Systems Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹421.26B | 30.05 | ― | 1.94% | 8.73% | 11.33% | |
69 Neutral | ₹824.77B | 55.70 | ― | 0.55% | 23.27% | 33.09% | |
63 Neutral | ₹407.51B | 55.81 | ― | 0.88% | 41.97% | 38.73% | |
62 Neutral | ₹1.28T | 46.27 | ― | 1.08% | 8.72% | 4.54% | |
62 Neutral | ₹74.57B | -10.28 | ― | 0.55% | -17.23% | -185.73% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | ₹264.29B | 74.95 | ― | 1.38% | -1.19% | -17.92% |
* Technology Sector Average
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Persistent Systems Limited Corporate Events
Persistent Systems Sets April 21 Date to Announce Q4 FY26 Results and Host Investor Call
Mar 31, 2026
Persistent Systems Limited will announce its financial results for the fourth quarter and full year ended March 31, 2026, on Tuesday, April 21, 2026. The company will publish the results on its investor relations webpage and engage with stakeholde...
Persistent Systems Updates Exchanges on Investor Meetings, Confirms No New Disclosures
Mar 19, 2026
Persistent Systems Limited informed stock exchanges that it conducted virtual one-on-one meetings with Aberdeen Investments, Iroha Investment Management, and Franklin Templeton on March 19, 2026. The sessions form part of the company’s ongoi...
Persistent Systems appoints AI-focused EVP to lead Private Equity and Professional Services
Mar 19, 2026
Persistent Systems Limited has strengthened its leadership team by appointing Hari Abhyankar as Executive Vice President for Private Equity and Professional Services and as Senior Management Personnel, effective March 19, 2026. Abhyankar, a former...
Persistent Systems Reiterates Prior Disclosures in Meeting With Cusana Capital
Mar 18, 2026
Persistent Systems Limited disclosed that it held a one-on-one investor and analyst meeting with Cusana Capital in Mumbai on March 18, 2026. The company stated that it only reiterated information previously presented during its January 20, 2026 ea...
Persistent Systems Schedules Virtual One-on-One Meetings With Key Investors
Mar 18, 2026
Persistent Systems Limited has notified the exchanges that it will hold virtual one-on-one investor and analyst meetings with Axis Max Life Insurance on March 23, 2026, and Ashmore Investment Management on March 24, 2026. During these sessions, th...
Persistent Systems Adds LIC MF, Shifts Investor Meet to Virtual Format
Mar 18, 2026
Persistent Systems Limited has announced an update to its upcoming investor and analyst session scheduled for March 20, 2026, at 3:15 p.m. IST, noting that LIC Mutual Fund will now join Bajaj AMC as participants. The company also stated that the s...
Persistent, NVIDIA Team Up on AI Molecule Generation and Virtual Drug Screening
Mar 17, 2026
Persistent Systems has launched an AI-powered Generative Molecules and Virtual Screening solution, developed in collaboration with NVIDIA, to target early-stage drug discovery for healthcare and life sciences organizations. By using NVIDIA’s...
Persistent clarifies no new disclosures in Catamaran investor meet
Mar 10, 2026
Persistent Systems Limited notified the stock exchanges that it held a one-on-one virtual interaction with investor Catamaran on March 10, 2026, under the SEBI disclosure framework. The company stated that it only reiterated information already sh...
Persistent Breaks Into TIME’s Top 10 Asia-Pacific Professional Services Firms
Mar 10, 2026
Persistent Systems has been named among Asia-Pacific’s top 10 professional services companies in TIME and Statista’s Best Companies in Asia-Pacific 2026 list, ranking ninth in the regional professional services category and seventh wit...
Persistent Systems Restructures European Subsidiary Ownership for Operational Efficiency
Mar 4, 2026
Persistent Systems has initiated an internal group restructuring by signing a share purchase agreement to transfer 100% of the shareholding of its stepdown subsidiary, Persistent Systems Poland Spółka z o.o., from U.S.-based Persistent S...
Persistent Systems Reports Investor Meetings With No New Disclosures
Mar 4, 2026
Persistent Systems Limited notified the stock exchanges that it conducted investor and analyst interactions on March 4, 2026, with Bellwether Capital and HDFC Mutual Fund through one-on-one meetings held in physical and virtual formats. The compan...
Persistent Systems Clarifies No New Disclosures in Millennium Investor Meet
Mar 3, 2026
Persistent Systems Limited informed the stock exchanges that it held a one-on-one virtual investor and analyst interaction with Millennium, Singapore, on March 3, 2026. The company said it only reiterated information already disclosed during its J...
Persistent Systems Enters China with New Shanghai Subsidiary
Feb 28, 2026
Persistent Systems Limited has expanded its international presence through its Singapore-based wholly owned subsidiary, which has established a wholly owned foreign enterprise in China. The new entity, Baixinteng System Service (Shanghai) Co. Ltd....
Persistent Systems Schedules Compliant Investor Meetings for Early March 2026
Feb 26, 2026
Persistent Systems Limited has announced a schedule of investor and analyst meetings to be held on March 4 and 5, 2026, in compliance with SEBI’s disclosure regulations. The company will hold one-on-one sessions with Carnelian Asset Manageme...
Persistent Systems Reports No New Disclosures in Mirae Asset Investor Meet
Feb 26, 2026
Persistent Systems Limited disclosed that it held a one-on-one virtual investor and analyst interaction with Mirae Asset Mutual Fund on February 26, 2026, under regulatory disclosure norms. The company stated that it only reiterated information al...
Persistent Systems Plans March One-on-One Meetings With Key Institutional Investors
Feb 25, 2026
Persistent Systems Limited has scheduled a series of investor and analyst interactions with Millennium Singapore, Bellwether Capital, and HDFC Mutual Fund on March 3 and 4, 2026, via a mix of virtual and physical one-on-one meetings. The company s...
Persistent Named Fastest Growing Global IT Services Brand in 2026 Ranking
Feb 9, 2026
Persistent Systems has been named the fastest growing IT services brand globally in the 2026 Brand Finance IT Services 25 report, joining the world’s top 25 IT services brands and ranking as the 12th strongest brand. The company’s bran...
Persistent Systems Reiterates Q3 FY26 Disclosures in Investor Meeting with American Century Investments
Feb 2, 2026
Persistent Systems Limited has reported the outcome of a one-on-one virtual investor and analyst interaction held with American Century Investments on February 2, 2026. During this meeting, the company confined its discussion to reiterating inform...
Persistent Systems Announces Executive Vice President Vijay Verma’s Resignation and Leadership Transition
Jan 30, 2026
Persistent Systems Limited has announced that Senior Management Personnel Vijay Verma has resigned from his role as Executive Vice President – Serviceline BU, effective at the close of business on 30 January 2026 (US time), citing personal r...
Persistent Systems Releases Q3 FY26 Earnings Call Transcript
Jan 27, 2026
Persistent Systems Limited has submitted to the stock exchanges the official transcript of its investor and analyst earnings conference call for the third quarter of FY26 and the nine months ended 31 December 2025. The company has also published t...
Persistent Systems Reschedules Investor Session, Reaffirms No New Sensitive Disclosures
Jan 27, 2026
Persistent Systems Limited has informed stock exchanges that its previously scheduled investor/analyst session with Creagis on January 28, 2026 has been rescheduled to January 30, 2026 at 11:00 AM IST, to be held virtually on a one-on-one basis. T...
Persistent Systems Schedules One-on-One Virtual Session With Creagis
Jan 22, 2026
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...
Persistent Systems Posts Q3 FY26 Investor Call Outcome and Recording Online
Jan 20, 2026
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 pr...
Persistent Systems Declares ₹22 Interim Dividend for FY 2025-26
Jan 20, 2026
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 p...
Persistent Systems Transfers European Subsidiaries to Irish Arm for Group Restructuring
Jan 20, 2026
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.&#...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.