High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Past Returns: Outperforming stock! In past three years, the stock has provided 35.7% return compared to 11.3% by NIFTY 50.
Size: It is among the top 200 market size companies of india.
Insider Trading: There's significant insider buying recently.
Technicals: Bullish SharesGuru indicator.
Smart Money: Smart money has been increasing their position in the stock.
Profitability: Recent profitability of 12% is a good sign.
Balance Sheet: Strong Balance Sheet.
Growth: Awesome revenue growth! Revenue grew 23.3% over last year and 79.9% in last three years on TTM basis.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 85.92 kCr |
| Price/Earnings (Trailing) | 48.83 |
| Price/Sales (Trailing) | 6.09 |
| EV/EBITDA | 31.59 |
| Price/Free Cashflow | 126.14 |
| MarketCap/EBT | 38.31 |
| Enterprise Value | 84.92 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 14.1 kCr |
| Rev. Growth (Yr) | 23% |
| Earnings (TTM) | 1.73 kCr |
| Earnings Growth (Yr) | 17.8% |
Profitability | |
|---|---|
| Operating Margin | 17% |
| EBT Margin | 16% |
| Return on Equity | 24.23% |
| Return on Assets | 17.51% |
| Free Cashflow Yield | 0.79% |
Growth & Returns | |
|---|---|
| Price Change 1W | 0.40% |
| Price Change 1M | 15.9% |
| Price Change 6M | -5.4% |
| Price Change 1Y | 12.6% |
| 3Y Cumulative Return | 35.7% |
| 5Y Cumulative Return | 40.9% |
| 7Y Cumulative Return | 50.3% |
| 10Y Cumulative Return | 30.3% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -434.43 Cr |
| Cash Flow from Operations (TTM) | 1.16 kCr |
| Cash Flow from Financing (TTM) | -628.2 Cr |
| Cash & Equivalents | 1 kCr |
| Free Cash Flow (TTM) | 724.27 Cr |
| Free Cash Flow/Share (TTM) | 46.31 |
Balance Sheet | |
|---|---|
| Total Assets | 9.89 kCr |
| Total Liabilities | 2.74 kCr |
| Shareholder Equity | 7.15 kCr |
| Current Assets | 6 kCr |
| Current Liabilities | 2.4 kCr |
| Net PPE | 412.27 Cr |
| Inventory | 0.00 |
| Goodwill | 1.28 kCr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 29.94 |
| Interest/Cashflow Ops | 17.51 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 37 |
| Dividend Yield | 0.68% |
| Shares Dilution (1Y) | 1.2% |
| Shares Dilution (3Y) | 3.2% |
Past Returns: Outperforming stock! In past three years, the stock has provided 35.7% return compared to 11.3% by NIFTY 50.
Size: It is among the top 200 market size companies of india.
Insider Trading: There's significant insider buying recently.
Technicals: Bullish SharesGuru indicator.
Smart Money: Smart money has been increasing their position in the stock.
Profitability: Recent profitability of 12% is a good sign.
Balance Sheet: Strong Balance Sheet.
Growth: Awesome revenue growth! Revenue grew 23.3% over last year and 79.9% in last three years on TTM basis.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.68% |
| Dividend/Share (TTM) | 37 |
| Shares Dilution (1Y) | 1.2% |
| Earnings/Share (TTM) | 111.53 |
Financial Health | |
|---|---|
| Current Ratio | 2.5 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 85.66 |
| RSI (5d) | 70.16 |
| RSI (21d) | 72.19 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Sell |
| RSI5 Signal | Sell |
| RSI21 Signal | Sell |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of Persistent Systems's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management provided a positive outlook during the earnings call held on January 20, 2026, highlighting continued revenue growth and strategic advancements, particularly in AI-led initiatives. Key forward-looking points include:
Financial Performance: The company reported a revenue of $422.5 million for Q3 FY26, reflecting a quarter-on-quarter growth of 4.0% and year-on-year growth of 17.3%. The EBIT margin for the quarter was 14.4%, attributed to various factors including new labor code impacts which resulted in a one-time margin decline.
Revenue Growth Plans: Persistent Systems aims to reach $2 billion in revenue by March 2027 and $5 billion by March 2031. This underscores a strong commitment to rapid growth propelled by technology investments.
Order Book Strength: The Total Contract Value for the quarter was $674.5 million, and new bookings' Total Contract Value stood at $369.1 million, indicating robust demand and a healthy pipeline.
AI Advancements: Management emphasized their AI platforms, including AssistX, which are designed to drive enterprise productivity. They are focused on transforming operational processes and scaling AI implementation in customer engagements.
Client Growth: Year-on-year growth was seen in top client segments, with the top 5 customers' revenue rising by 25.6%, indicating successful client retention and expansion strategies.
Dividend Declaration: An interim dividend of Rs.22 per share was declared, reinforcing the company's commitment to shareholder returns while pursuing growth opportunities.
Successful Strategy Execution: The recent "Huddle" event brought together leaders to align on strategic priorities, reinforcing their proactive approach to market challenges and opportunities.
Overall, management's outlook reflects confidence in sustaining growth through technology-led initiatives and client relationships while addressing market demands.
Here are the major questions asked during the Q&A section of the Persistent Systems earnings transcript, along with detailed answers:
Question: "Can you talk about how the demand environment has changed in the last three months across different verticals? And how much do you see in terms of margin tailwinds over the next 18 to 24 months?"
Answer: We've seen a significant uptick in discussions around application and data modernization, particularly in Healthcare and BFSI. In Hi-tech, AI adoption for product development is rising. The demand environment has allowed us to attract new logos, indicating strong growth potential. For margins, while we leverage technology for productivity, we don't provide forward-looking guidance.
Question: "If I look at the nature of the software license revenue growth, how should I interpret the 40% growth quarter-on-quarter?"
Answer: The software license growth encompasses third-party licenses used for managed services and our own technology stack. Revenue recognition is based on how these software solutions are bundled with services, leading to a blurred line between IP and services in terms of pricing over time.
Question: "What specific initiatives are being prioritized to deepen client relationships and expand into new verticals?"
Answer: Our investments in building platforms like SASVA and iAURA focus on digital engineering and data modernization. These initiatives allow us to address complex enterprise challenges and deepen relationships, particularly among our top 100 clients, who account for a major portion of our revenue.
Question: "With EBIT margins resilient despite the one-time labor code impact, how are you balancing cost discipline with investments in growth?"
Answer: We maintain a healthy dividend payout while investing in talent for growth. The balance is achieved by enhancing productivity, which leads to capital appreciation and continual value delivery to stakeholders.
Question: "How do you see the 150 bps margin improvement as sustainable versus a one-time effect, especially given the competitive landscape?"
Answer: The 150 bps improvement stems from multiple deals leveraging our AI tools, not a single anomaly. As we innovate and continue to monetize our technology, we anticipate maintaining a competitive edge, though we'll remain vigilant as market dynamics evolve.
Question: "Could you explain what productivity benefits you're expecting from the mainframe modernization deal?"
Answer: Through our platforms, we can reverse-engineer 60-70% of business logic from legacy systems, which helps transition clients to modern platforms. This modernization leads to significant cost reductions and compliance ease, yielding substantial productivity benefits beyond simple metrics.
Question: "Are your clients adopting multiple AI platforms like GitHub or standardizing on one?"
Answer: Clients are increasingly using multiple platforms concurrently, which enhances their overall productivity. For coding tasks, our clients report around a 20-25% productivity gain using these tools, but it's essential to recognize our broader platforms like SASVA that encompass the entire software development lifecycle.
These answers encapsulate the key insights from the management regarding current business dynamics, strategic direction, and performance metrics.
Analysis of Persistent Systems's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Software, Hi-Tech and Emerging Industries | 39.6% | 1.5 kCr |
| Banking, Financial Services and Insurance (BFSI) | 35.0% | 1.3 kCr |
| Healthcare & Life Sciences | 25.4% | 960.5 Cr |
| Total | 3.8 kCr |
Understand Persistent Systems ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Anand Suresh Deshpande | 29.02% |
| Hdfc Mutual Fund - Hdfc Mid-Cap Fund | 4.04% |
| Motilal Oswal Midcap Fund | 3.86% |
| Life Insurance Corporation Of India | 2.07% |
| Nippon Life India Trustee Ltd- A/C Nippon India Growth Mid Cap Fund | 1.87% |
| Aditya Birla Sun Life Trustee Private Limited A/C - Aditya Birla Sun Life Large Cap Fund | 1.72% |
| Shridhar Bhalchandra Shukla | 1.4% |
| SBI Life Insurance Co. Ltd | 1.39% |
| Uti-Flexi Cap Fund | 1.32% |
| HDFC Life Insurance Company Limited | 1.08% |
| NPS Trust- A/C LIC Pension Fund Scheme - State Govt | 1% |
| Chitra Hemadri Buzruk | 0.6% |
| Mukund Suresh Deshpande | 0.47% |
| Sonali Anand Deshpande | 0.14% |
| Hemadri Narayan Buzruk | 0.01% |
| Arul Anand Deshpande | 0.01% |
| Chinmay Hemadri Buzruk | 0.01% |
| Gayatri Hemadri Buzruk | 0.01% |
| Ria Anand Deshpande | 0.01% |
| RAMA PURUSHOTTAM FOUNDATION | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Persistent Systems against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| LTIM | LTIMindtree | 1.4 LCr | 41.96 kCr | +5.70% | +9.60% | 29.47 | 3.34 | - | - |
| MPHASIS | Mphasis | 46.9 kCr | 15.62 kCr | +15.90% | +8.20% | 26.01 | 3 | - | - |
| COFORGE | COFORGE | 44.13 kCr | 15.23 kCr | +16.40% | -0.20% | 36.62 | 2.9 | - | - |
| LTTS | L&T Technology Services | 37.1 kCr | 11.97 kCr | +4.00% | -17.30% | 29.47 | 3.1 | - | - |
| CYIENT | Cyient | 10.73 kCr | 7.44 kCr | +12.60% | -18.80% | 19.6 | 1.44 | - | - |
Comprehensive comparison against sector averages
PERSISTENT metrics compared to IT
| Category | PERSISTENT | IT |
|---|---|---|
| PE | 49.32 | 20.86 |
| PS | 6.15 | 3.07 |
| Growth | 23.3 % | 5.9 % |
Persistent Systems is a company specializing in software and consulting services within the technology sector. With a stock ticker of PERSISTENT and a robust market capitalization of Rs. 82,397.9 Crores, the company is well-established in both domestic and international markets, particularly in India and North America.
The company operates through several key segments, including Banking, Financial Services, and Insurance (BFSI); Healthcare & Life Sciences; and Software, Hi-Tech, and Emerging Industries.
Among its offerings are:
In addition, Persistent Systems provides various cloud services such as:
The company also focuses on data and analytics advisory services, enterprise integration strategies, and application modernization.
Founded in 1990 and headquartered in Pune, India, Persistent Systems serves a diverse clientele across industries like banking, finance, healthcare, consumer tech, and telecommunications.
Financially, the company has shown impressive performance with a trailing 12-month revenue of Rs. 11,437.7 Crores and a profit of Rs. 1,319.7 Crores over the past four quarters. Persistent Systems has achieved a revenue growth of 114.7% in the past three years and maintains a dividend yield of 0.57%, having distributed Rs. 30 dividend per share over the last year.
Despite having diluted shareholdings by 2% over the past three years, Persistent Systems remains a profitable entity demonstrating a solid growth trajectory.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
PERSISTENT vs IT (2021 - 2026)