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Last Updated: April 2, 2026, 3:28 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533179 | NSE: PERSISTENT

Persistent Systems Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3,895.79Overvalued by 22.84%vs CMP ₹5,049.00

P/E (44.3) × ROE (24.1%) × BV (₹453.00) × DY (0.69%)

₹1,986.64Overvalued by 60.65%vs CMP ₹5,049.00
MoS: -154.1% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4,661.7423%Fair (-7.7%)
Graham NumberEarnings₹1,062.5617%Over (-79%)
Earnings PowerEarnings₹563.6511%Over (-88.8%)
DCFCash Flow₹2,633.7511%Over (-47.8%)
Net Asset ValueAssets₹453.057%Over (-91%)
EV/EBITDAEnterprise₹1,473.569%Over (-70.8%)
Earnings YieldEarnings₹1,107.707%Over (-78.1%)
ROCE CapitalReturns₹847.229%Over (-83.2%)
Revenue MultipleRevenue₹1,135.226%Over (-77.5%)
Consensus (9 models)₹1,986.64100%Overvalued
Key Drivers: Wide model spread (₹453–₹4,662) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 19.7%

*Investments are subject to market risks

Investment Snapshot

75
Persistent Systems Ltd scores 75/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 30.4% ExcellentROE 24.1% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -1.57% (6mo) SellingDII holding up 2.95% MF buyingPromoter holding at 30.3% Stable
Earnings Quality50/100 · Moderate
OPM stable around 17% Steady
Quarterly Momentum90/100 · Strong
Revenue (4Q): +23% YoY AcceleratingProfit (4Q): +31% YoY Strong
Industry Rank90/100 · Strong
P/E 44.3 vs industry 98.1 Cheaper than peersROCE 30.4% vs industry 14.9% Above peers3Y sales CAGR: 28% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:28 am

Market Cap 79,650 Cr.
Current Price 5,049
Intrinsic Value₹1,986.64
High / Low 6,599/4,149
Stock P/E44.3
Book Value 453
Dividend Yield0.69 %
ROCE30.4 %
ROE24.1 %
Face Value 5.00
PEG Ratio2.25

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Persistent Systems Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Persistent Systems Ltd 79,650 Cr. 5,049 6,599/4,14944.3 4530.69 %30.4 %24.1 % 5.00
Oracle Financial Services Software Ltd 59,906 Cr. 6,883 9,950/6,23224.5 8473.85 %40.6 %29.3 % 5.00
Coforge Ltd 38,749 Cr. 1,154 1,994/1,00830.8 2061.32 %20.3 %16.0 % 2.00
LTIMindtree Ltd 1,35,243 Cr. 4,559 6,430/3,80226.1 7891.43 %27.6 %21.5 % 1.00
Tech Mahindra Ltd 1,37,619 Cr. 1,404 1,854/1,20928.6 2813.20 %18.6 %14.6 % 5.00
Industry Average17,316.11 Cr418.4898.13120.780.77%14.90%21.00%6.77

All Competitor Stocks of Persistent Systems Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2,1692,2542,3212,4122,4982,5912,7372,8973,0623,2423,3343,5813,778
Expenses 1,7681,8381,9472,0072,0562,1362,2822,4162,5242,6582,7222,8983,045
Operating Profit 402416374405442454455481538584612683733
OPM % 19%18%16%17%18%18%17%17%18%18%18%19%19%
Other Income 3922373831314743185552-49
Interest 14151312121014181618171819
Depreciation 6870767479807174827994100101
Profit before tax 323341307356389395401435482505555617565
Tax % 26%26%25%26%26%20%24%25%23%22%23%24%22%
Net Profit 238252229263286315306325373396425471439
EPS in Rs 15.5616.4514.8617.1118.5920.4719.8921.0224.1225.5927.1730.1527.86

Last Updated: February 4, 2026, 4:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 8:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,6691,8912,3122,8783,0343,3663,5664,1885,7118,3519,82211,93913,935
Expenses 1,2551,5011,9212,4132,5652,8103,0733,5054,7536,8318,1469,88111,322
Operating Profit 4153903924654695564936839581,5191,6762,0582,612
OPM % 25%21%17%16%15%17%14%16%17%18%17%17%19%
Other Income 31947784119881321081444112813876
Interest 000000661247476772
Depreciation 1039499149158157166176166272309307374
Profit before tax 3433903704014294864526099241,2411,4481,8222,242
Tax % 27%25%25%25%25%28%25%26%25%26%24%23%
Net Profit 2492912773013233523404516909211,0931,4001,732
EPS in Rs 15.5818.1617.3318.8420.1921.9822.2629.4845.1560.2470.9890.54110.77
Dividend Payout % 19%41%23%24%25%25%27%34%34%41%37%39%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)16.87%-4.81%8.66%7.31%8.98%-3.41%32.65%52.99%33.48%18.68%28.09%
Change in YoY Net Profit Growth (%)0.00%-21.68%13.48%-1.36%1.67%-12.39%36.06%20.35%-19.52%-14.80%9.41%

Persistent Systems Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:20%
5 Years:27%
3 Years:28%
TTM:22%
Compounded Profit Growth
10 Years:17%
5 Years:33%
3 Years:27%
TTM:30%
Stock Price CAGR
10 Years:31%
5 Years:61%
3 Years:47%
1 Year:1%
Return on Equity
10 Years:20%
5 Years:23%
3 Years:24%
Last Year:24%

Last Updated: September 5, 2025, 12:15 pm

Balance Sheet

Last Updated: December 4, 2025, 1:47 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 40808080807976767676777878
Reserves 1,1821,3261,5781,8192,0472,2662,3092,7193,2923,8894,8816,2417,069
Borrowings 3433227198578658451311404
Other Liabilities 3183654594335145096357711,4732,0501,9972,0922,339
Total Liabilities 1,5431,7752,1202,3352,6442,8563,0923,6665,4196,6737,4058,7229,890
Fixed Assets 4084084375365124014324571,5342,3412,2212,5412,716
CWIP 3142729532301210716347717
Investments 4896746386848807649791,0008226408279801,337
Other Assets 6156891,0181,0861,2471,6591,6522,1972,9563,6764,3245,1235,820
Total Assets 1,5431,7752,1202,3352,6442,8563,0923,6665,4196,6737,4058,7229,890

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2813122542864214323527368459561,3021,157
Cash from Investing Activity + -198-230-86-222-337-233-6-540-971-383-525-517
Cash from Financing Activity + -50-66-127-58-96-160-329-144182-404-582-628
Net Cash Flow 3316416-123916525616919612
Free Cash Flow 2812168970356395277611464524947964
CFO/OP 91%105%91%84%116%103%98%131%113%85%98%81%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow412.00386.00389.00462.00467.00554.00422.00585.00380.00-657.00-450.00-309.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 666967605853615061676256
Inventory Days
Days Payable
Cash Conversion Cycle 666967605853615061676256
Working Capital Days 34294049534337254152447
ROCE %30%29%23%23%20%20%18%22%26%30%29%30%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 31.26%31.06%31.06%31.06%31.02%31.02%30.66%30.66%30.66%30.56%30.56%30.29%
FIIs 20.55%20.50%21.34%24.55%24.96%22.55%23.34%24.75%24.36%24.19%21.24%22.79%
DIIs 27.60%28.04%28.67%26.13%25.88%28.23%27.37%26.26%26.85%27.77%30.60%29.80%
Public 18.52%17.99%16.96%16.91%17.03%17.51%16.96%17.22%17.28%16.88%17.14%16.21%
Others 2.07%2.41%1.97%1.34%1.12%0.69%1.67%1.09%0.83%0.60%0.45%0.88%
No. of Shareholders 1,82,3991,87,0821,82,1931,85,7281,89,5702,30,0632,28,5342,39,6822,38,7952,43,4412,54,8972,33,787

Shareholding Pattern Chart

No. of Shareholders

Persistent Systems Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Midcap Fund 5,618,243 9.85 3390.615,969,8402026-02-23 04:01:06-5.89%
HDFC Mid Cap Fund 3,337,818 2.19 2014.37N/AN/AN/A
Kotak Midcap Fund 1,969,210 2.01 1188.422,078,0752026-01-26 00:05:41-5.24%
Motilal Oswal Flexi Cap Fund 1,914,786 8.77 1155.572,249,5132026-02-23 04:01:06-14.88%
Nippon India Growth Mid Cap Fund 1,644,232 2.38 992.29N/AN/AN/A
UTI Flexi Cap Fund 1,323,000 3.39 798.431,418,6002026-02-23 04:01:06-6.74%
Axis Midcap Fund 850,023 1.66 512.99948,2142026-02-23 04:01:06-10.36%
Tata Digital India Fund 809,192 4.07 488.35759,1922026-02-23 00:19:096.59%
Mirae Asset Midcap Fund 727,797 2.49 439.23N/AN/AN/A
Aditya Birla Sun Life Flexi Cap Fund 665,500 1.63 401.63N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.0010.0010.0010.00
Basic EPS (Rs.) 91.2272.44123.7390.3458.97
Diluted EPS (Rs.) 90.2471.07120.5290.3458.97
Cash EPS (Rs.) 109.5391.06156.10112.0681.94
Book Value[Excl.RevalReserv]/Share (Rs.) 405.46321.82518.82440.72365.81
Book Value[Incl.RevalReserv]/Share (Rs.) 405.46321.82518.82440.72365.81
Revenue From Operations / Share (Rs.) 766.04637.561092.65747.24547.97
PBDIT / Share (Rs.) 140.93117.09208.01144.21103.47
PBIT / Share (Rs.) 121.2397.00172.44122.4980.50
PBT / Share (Rs.) 116.9393.97162.36120.9479.74
Net Profit / Share (Rs.) 89.8470.98120.5290.3358.97
NP After MI And SOA / Share (Rs.) 89.8470.98120.5290.3358.97
PBDIT Margin (%) 18.3918.3619.0319.2918.88
PBIT Margin (%) 15.8215.2115.7816.3914.69
PBT Margin (%) 15.2614.7314.8516.1814.55
Net Profit Margin (%) 11.7211.1311.0312.0810.76
NP After MI And SOA Margin (%) 11.7211.1311.0312.0810.76
Return on Networth / Equity (%) 22.1522.0523.2320.4916.12
Return on Capital Employeed (%) 28.6128.7928.2723.4421.24
Return On Assets (%) 16.0214.8213.9112.7512.29
Long Term Debt / Equity (X) 0.000.000.050.080.00
Total Debt / Equity (X) 0.000.040.100.120.00
Asset Turnover Ratio (%) 1.481.400.990.930.77
Current Ratio (X) 2.361.891.801.993.47
Quick Ratio (X) 2.361.891.801.993.47
Dividend Payout Ratio (NP) (%) 33.2637.9832.3528.7823.74
Dividend Payout Ratio (CP) (%) 27.2829.6124.9823.2017.08
Earning Retention Ratio (%) 66.7462.0267.6571.2276.26
Cash Earning Retention Ratio (%) 72.7270.3975.0276.8082.92
Interest Coverage Ratio (X) 32.7238.6033.5893.12136.48
Interest Coverage Ratio (Post Tax) (X) 21.8624.4021.0859.3378.78
Enterprise Value (Cr.) 84727.1060638.8334751.0435977.7713687.57
EV / Net Operating Revenue (X) 7.106.174.166.303.27
EV / EBITDA (X) 38.5833.6221.8632.6417.31
MarketCap / Net Operating Revenue (X) 7.186.264.226.383.50
Retention Ratios (%) 66.7362.0167.6471.2176.25
Price / BV (X) 13.5712.408.8810.825.25
Price / Net Operating Revenue (X) 7.186.264.226.383.50
EarningsYield 0.010.010.020.010.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Persistent Systems Ltd. is a Public Limited Listed company incorporated on 30/05/1990 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L72300PN1990PLC056696 and registration number is 056696. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company's Total Operating Revenue is Rs. 11728.02 Cr. and Equity Capital is Rs. 77.93 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareBhageerath, No.402, Senapati Bapat Road, Pune Maharashtra 411016Contact not found
Management
NamePosition Held
Dr. Anand DeshpandeChairman & Managing Director
Mr. Sandeep KalraExecutive Director & CEO
Mr. Vinit TeredesaiExecutive Director & CFO
Dr. Ambuj GoyalIndependent Director
Mr. Dan�l LewinIndependent Director
Prof. Ajit RanadeIndependent Director
Ms. Anjali JoshiIndependent Director
Mr. Arvind GoelIndependent Director
Mr. Praveen KadleIndependent Director
Ms. Avani DavdaIndependent Director

FAQ

What is the intrinsic value of Persistent Systems Ltd and is it undervalued?

As of 19 April 2026, Persistent Systems Ltd's intrinsic value is ₹1986.64, which is 60.65% lower than the current market price of ₹5,049.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (24.1 %), book value (₹453), dividend yield (0.69 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Persistent Systems Ltd?

Persistent Systems Ltd is trading at ₹5,049.00 as of 19 April 2026, with a FY2026-2027 high of ₹6,599 and low of ₹4,149. The stock is currently in the middle of its 52-week range. Market cap stands at ₹79,650 Cr..

How does Persistent Systems Ltd's P/E ratio compare to its industry?

Persistent Systems Ltd has a P/E ratio of 44.3, which is below the industry average of 98.13. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Persistent Systems Ltd financially healthy?

Key indicators for Persistent Systems Ltd: ROCE of 30.4 % indicates efficient capital utilization; ROE of 24.1 % shows strong shareholder returns. Dividend yield is 0.69 %.

Is Persistent Systems Ltd profitable and how is the profit trend?

Persistent Systems Ltd reported a net profit of ₹1,400 Cr in Mar 2025 on revenue of ₹11,939 Cr. Compared to ₹690 Cr in Mar 2022, the net profit shows an improving trend.

Does Persistent Systems Ltd pay dividends?

Persistent Systems Ltd has a dividend yield of 0.69 % at the current price of ₹5,049.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Persistent Systems Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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