Analyst Rating
based on 33 analysts
50.00%
Buy
15.62%
Hold
34.38%
Sell
Based on 33 analysts offering long term price targets for Persistent Systems Ltd. An average target of ₹4720.36
Source: S&P Global Market Intelligence
Persistent Systems Ltd Share analysis
Persistent Systems Ltd price forecast by 33 analysts
Downside of
High
₹6500
Target
₹4720.36
Low
₹2780
Persistent Systems Ltd target price ₹4720.36, a slight downside of -11.87% compared to current price of ₹5179.7. According to 33 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Persistent Systems Ltd revenue growth forecast
Expected growth rate Q1, FY2026:37.89%
Forecast
Actual
Including amortisation and stock based compensations
Persistent Systems Ltd EPS growth forecast
EPS estimate Q1, FY2026:53.75%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹5,115₹5,356.7552 Week's Low
52 Week's High
₹1,394.2₹5,387.85
| Returns % | |
| 1 Month Return | + 9.88 % |
| 3 Month Return | + 39.2 % |
| 1 Year Return | + 83.46 % |
| Market Stats | |
| Previous Close | ₹5,355.95 |
| Open | ₹5,320.00 |
| Volume | 4.86L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹82,829.77Cr |
Key Statistics
| P/E Ratio | 69.35 |
| PEG Ratio | 4.81 |
| Market Cap | ₹82,829.77 Cr |
| P/B Ratio | 12.86 |
| EPS | 70.98 |
| Dividend Yield | 0.45 |
| Sector | IT - Software |
| ROE | 22.61 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹82,829.77 Cr | 344.13% | 0.52 | ₹1,093 Cr | ₹9,821 Cr | |
| BUY | ₹22,015.60 Cr | 145.39% | 0.50 | ₹297 Cr | ₹1,842 Cr | |
| ₹48,002.64 Cr | 221.5% | 0.55 | NA | NA | ||
| BUY | ₹46,675.97 Cr | 82.76% | 0.57 | ₹835 Cr | ₹9,179 Cr | |
| ₹59,940.03 Cr | 50.23% | 0.56 | ₹1,306 Cr | ₹9,647 Cr |
Company Information
Persistent Systems Ltd provides software product engineering, technology consulting, and digital transformation services to customers across the globe. The company offers a wide range of services, including product engineering, cloud, mobility, analytics, artificial intelligence, and internet of things solutions.
The company has several popular brands, including WaveMaker, a low-code application development platform, and NuoDB, a distributed SQL database. Other popular products include Persistent’s enterprise-grade cloud platform, CloudFabrix, and its mobile application development platform, MobileFabrix.
Persistent Systems Ltd also offers a range of services, such as software product development, software testing and quality assurance, software maintenance and support, and IT infrastructure services. The company is also a leading provider of enterprise digital transformation services, helping customers to transform their business processes and operations.
Share Price: ₹5179.70 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹82,829.77Cr as of today
Revenue: ₹2,737.17Cr as on June 2024 (Q2 24)
Net Profit: ₹306.42Cr as on June 2024 (Q2 24)
Listing date: 06 Apr, 2010
Chairperson Name: Anand Deshpande
| Organisation | Persistent Systems Ltd |
| Headquarters | |
| Industry | IT - Software |
| E-voting on shares | Click here to vote |
Key events for Persistent Systems Ltd
JM Financial Recommends Buy on Persistent Systems - 12 Sep, 2024
JM Financial has recommended a 'Buy' rating for Persistent Systems with a target price of Rs 6030. As of June 30, 2024, promoters held 31.02% stake, while FIIs and DIIs owned 22.55% and 28.21%, respectively.
Persistent Systems Acquires Assets, Target Price Raised - 11 Sep, 2024
Persistent Systems announced a $4.7 million asset acquisition from SoHo Dragon, boosting its BFSI sector presence. JM Financial raised its target price to Rs 6,030, indicating strong growth potential and a 13% upside. The stock reached a new high, reflecting positive investor sentiment.
Persistent Systems Positioned for Growth in GenAI - 10 Sep, 2024
Persistent Systems is recognized as the fastest-growing IT services company, leveraging its strong product engineering background and aiming for significant revenue growth through GenAI investments and strategic acquisitions.
Motilal Oswal Reiterates Buy on Persistent Systems - 09 Sep, 2024
Motilal Oswal maintains a buy rating on Persistent Systems, targeting Rs 6300. The company aims for $2 billion revenue by FY27, focusing on cost management and high-demand sectors.
Persistent Systems Reports Strong Q1 Growth and Innovations - 05 Sep, 2024
Persistent Systems Limited reported Q1 2024 sales of ₹27.37 billion, up from ₹23.21 billion last year. The company enhances its data security services through a partnership with Mage Data™ and introduces the GenAI Hub platform for seamless integration of Generative AI applications, driving innovation.
Prabhudas Lilladher Initiates Coverage on Persistent Systems - 04 Sep, 2024
Prabhudas Lilladher projects Persistent Systems to achieve 15.9% USD revenue growth in FY25E, with a target price of ₹5,320 and an ACCUMULATE rating.
Persistent Systems Shows Strong Growth and Performance - 03 Sep, 2024
Persistent Systems Ltd is experiencing robust growth, with a forecasted 19.2% annual earnings increase and an 83.02% rise in stock price over the past year.
Persistent Systems Shows Strong Growth Potential - 02 Sep, 2024
Persistent Systems Limited, with a market cap of ₹759.60 billion, is projected to grow revenue at 13.6% annually. The company has invested ₹5 billion in R&D and launched GenAI Hub, enhancing its innovation in AI and software development.
Motilal Oswal Issues Buy Recommendation for Persistent - 30 Aug, 2024
Motilal Oswal has issued a buy recommendation for Persistent Systems, setting a target price of Rs 5,700, suggesting a potential return of 12% over the next year.
Persistent Systems Reports Strong Q2 Earnings Growth - 29 Aug, 2024
Persistent Systems announced a consolidated total income of Rs 2767.81 crore for Q2 2024, reflecting significant growth compared to previous quarters and last year. The net profit stood at Rs 306.42 crore, indicating strong financial performance.
Persistent Systems Forecasts Strong Revenue Growth - 28 Aug, 2024
Persistent Systems is expected to achieve a 15.9% YoY revenue growth in FY25E, with a CAGR of 17.4% from FY24 to FY27. Margins are projected to improve gradually, and coverage is initiated with an ACCUMULATE rating and a target price of Rs 5,320.
Persistent Systems Receives Positive Brokerage Outlook - 22 Aug, 2024
A brokerage has issued a buy call on Persistent Systems with a target price of ₹5,410, indicating over 10% upside potential. The company is experiencing strong growth, supported by robust client engagement and significant deal wins, including a total contract value of $462.8 million in Q1FY25, with expectations for further margin improvements.
Insights on Persistent Systems Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRevenue Rich
Revenue is up for the last 15 quarters, 1.10K Cr → 2.76K Cr (in ₹), with an average increase of 6.3% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 21.01% to 22.73% in Jun 2024 quarter
- POSITIVE IMPACT
Price Rise
In the last 3 months, PERSISTENT stock has moved up by 39.2%
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 17.02% to 17.50% in Jun 2024 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 31.02% of holdings in Jun 2024 quarter
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 24.96% to 22.55% in Jun 2024 quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 315.32 Cr → 306.42 Cr (in ₹), with an average decrease of 2.8% per quarter
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 31.02% | 0.00 | |
| Foreign Institutions | 22.55% | ||
| Mutual Funds | 22.73% | 8.16 | |
| Retail Investors | 17.5% | 2.83 | |
| Others | 6.19% | 3.49 |
Key Indicators
Persistent Systems Ltd Valuation
Persistent Systems Ltd in the last 5 years
Lowest (7.47x)
March 28, 2019
Industry (40.93x)
September 17, 2024
Today (69.35x)
September 17, 2024
Highest (69.40x)
September 13, 2024
Earnings and Dividends
Persistent Systems Ltd Earnings Results
Persistent Systems Ltd’s net profit jumped 33.94% since last year same period to ₹306.42Cr in the Q1 2024-2025. On a quarterly growth basis, Persistent Systems Ltd has generated -2.82% fall in its net profits since last 3-months.
Read More about Earnings ResultsPersistent Systems Ltd Dividends April,2024
In the quarter ending March 2024, Persistent Systems Ltd has declared dividend of ₹10 - translating a dividend yield of 1.19%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Persistent Systems Ltd is currently in a Bullish trading position according to technical analysis indicators.
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Persistent Systems Ltd (PERSISTENT) share price today is ₹5179.7
Persistent Systems Ltd is listed on NSE
Persistent Systems Ltd is listed on BSE
- Today’s highest price of Persistent Systems Ltd is ₹5356.75.
- Today’s lowest price of Persistent Systems Ltd is ₹5115.
PE Ratio of Persistent Systems Ltd is 69.35
PE ratio = Persistent Systems Ltd Market price per share / Persistent Systems Ltd Earnings per share
Today’s traded volume of Persistent Systems Ltd(PERSISTENT) is 4.86L.
Today’s market capitalisation of Persistent Systems Ltd(PERSISTENT) is ₹82829.77Cr.
| Persistent Systems Ltd(PERSISTENT | Price |
|---|---|
52 Week High | ₹5387.85 |
52 Week Low | ₹1394.2 |
Persistent Systems Ltd(PERSISTENT) share price is ₹5179.7. It is down -3.86% from its 52 Week High price of ₹5387.85
Persistent Systems Ltd(PERSISTENT) share price is ₹5179.7. It is up 271.52% from its 52 Week Low price of ₹1394.2
| Persistent Systems Ltd(PERSISTENT | Returns |
|---|---|
1 Day Returns | -176.25% |
1 Month Returns | 9.88% |
3 Month Returns | 39.2% |
1 Year Returns | 83.46% |