Mid Software Services

Persistent Systems Ltd.

PERSISTENT

₹6106.5

3.53% (208.0)

Market Cap

₹94,537 Cr.

P/E

67.52

Persistent Systems Ltd.
Overview
Financials
Benchmarking
Shareholding

Persistent Systems Ltd.

Persistent Systems Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Persistent Systems Ltd. Shareprice

Has the share price of Persistent Systems grown faster than its competition?

Persistent Systems has given better returns compared to its competitors.
Persistent Systems has grown at ~62.96% over the last 6yrs while peers have grown at a median rate of 21.11%

Is Persistent Systems stock expensive?

Yes, Persistent Systems is expensive.
Latest PE of Persistent Systems is 65.12, while 3 year average PE is 50.24.
Also latest EV/EBITDA of Persistent Systems is 43.8 while 3yr average is 31.95.

View FAQ's On Business

Growth Table

Persistent Systems Ltd.
Oracle Finl. Service
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	56.64	57.28	54.49	47.71	82.60	63.90	46.79	44.11	37.37	32.72
TTM EPS CAGR	32.03	25.19	26.07	33.18	32.56	27.25	24.16	22.79	20.45	17.84
Sales CAGR	21.56	19.57	27.87	29.94	27.34	23.49	21.62	19.46	20.01	20.23
PAT Margin (Abs Growth)	0.10	-0.96	0.37	1.59	0.69	0.48	0.66	-0.86	-4.23	-3.80
PE CAGR	18.64	25.63	22.54	10.91	37.75	28.80	18.23	17.36	14.05	12.63
CFO CAGR	27.78	20.22	18.39	36.52	23.09	19.41	23.02	21.68	16.39	15.83

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Persistent Systems Ltd.
Oracle Finl. Service
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	2,107	2,316	2,607	2,815	2,996	3,562	5,307	6,560	7,238	8,737
Non Current Assets	784	931	870	965	1,107	995	2,580	3,226	3,249	3,711
Net Block	437	536	512	401	432	457	1,534	2,341	2,221	2,161
Capital Work in Progress	26.53	28.96	5.24	31.56	30.34	12.18	107	16.14	33.53	4.18
Intangible Assets Under Development	24.16	24.11	4.47	30.35	13.72	—	—	—	—	73.18
Long Term Investments	147	234	288	435	462	362	388	452	554	642
Current Assets	1,336	1,404	1,774	1,891	1,986	2,670	2,839	3,447	4,123	5,026
Inventory	—	—	—	—	—	—	—	—	—	—
Accounts Receivable	428	475	485	492	592	571	948	1,525	1,676	1,848
Short Term Investments	491	450	592	330	516	637	435	188	273	339
Cash & Bank Balances	144	151	241	673	457	981	914	903	1,023	1,025
Liabilities	2,107	2,316	2,607	2,815	2,996	3,562	5,307	6,560	7,238	8,737
Shareholders Funds	1,658	1,899	2,127	2,345	2,386	2,796	3,368	3,965	4,958	6,319
Share Capital	80.00	80.00	80.00	79.12	76.42	76.42	76.42	76.42	77.03	77.92
Reserves	1,563	1,801	2,038	2,258	2,280	2,672	3,177	3,659	4,644	6,241
Non Current Liabilities	2.23	-0.81	-19.53	-21.63	-37.77	-3.62	513	582	95.78	285
Secured Loans	—	—	—	—	—	—	—	—	—	—
Unsecured Loans	2.69	2.17	1.66	1.20	4.62	4.43	280	206	9.91	—
Current Liabilities	447	417	499	492	648	770	1,426	2,013	2,184	2,133
Accounts Payable	160	121	167	152	225	273	430	569	814	889
Short Term Loans	—	—	—	—	—	—	—	—	—	—

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Persistent Systems Ltd.
Oracle Finl. Service
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	2,312	2,878	3,034	3,366	3,566	4,188	5,711	8,351	9,822	11,939
Operating Expenses	1,942	2,413	2,582	2,817	3,074	3,505	4,763	6,845	8,220	9,881
Raw Material	—	—	—	—	—	—	—	—	—	0.00
Material Cost (%)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	1,565	1,983	2,150	2,274	2,548	3,072	4,257	6,012	7,110	6,874
Power & Fuel Cost	14.98	13.87	10.45	10.95	11.49	8.26	7.61	12.03	14.10	—
Operating Profit	370	465	452	549	492	683	948	1,506	1,601	2,058
Other Income	98.31	95.84	136	95.04	132	108	154	83.94	202	138
OPM (%)	16.02	16.17	14.89	16.31	13.80	16.31	16.59	18.03	16.30	17.24
Depreciation and Amortisation	99.01	149	158	157	166	176	166	272	309	307
Interest	0.09	0.09	0.08	0.30	6.33	5.79	11.84	47.34	46.73	67.13
Profit Before Tax	370	401	429	486	452	609	924	1,241	1,448	1,822
Tax	92.39	99.21	106	135	112	159	234	320	354	422
Net Profit	277	301	323	352	340	451	690	921	1,093	1,400
Number of shares(Crs)	8.00	8.00	8.00	7.96	7.64	7.64	7.64	7.64	7.70	—
Dividend Payout Ratio(%)	23.08	23.88	24.76	24.75	26.95	33.92	34.32	41.49	36.63	—

TTM Values as of Mar 2025

Cash Flow

Persistent Systems Ltd.
Oracle Finl. Service
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	254	286	421	432	352	736	845	956	1,221	1,157
Profit Before Tax	370	401	429	486	452	609	924	1,241	1,448	1,822
Adjustments	71.30	96.67	109	108	140	127	198	493	320	469
OCF Before Working Capital	441	497	538	594	593	736	1,122	1,734	1,768	2,292
Working Capital Changes	-85.72	-106	4.43	-21.31	-108	158	-40.71	-438	-205	-623
Taxes Paid	-101	-105	-121	-141	-133	-158	-237	-340	-341	-511
Cash from Investing Activity	-116	-222	-347	-226	-14.84	-542	-977	-421	-469	-434
Net Fixed Assets Purchased	-165	-217	-65.14	-37.40	-74.57	-125	-381	-432	-279	-193
Fixed Assets Purchased	-166	-218	-65.46	-37.91	-75.84	-128	-385	-433	-284	-237
Fixed Assets Sold	1.19	0.67	0.31	0.50	1.27	3.00	4.60	1.20	4.87	43.61
Investment Purchased	-1,454	-1,145	-1,702	-2,809	-2,036	-2,950	-3,439	-3,792	-5,072	-5,535
Investment Sold	1,490	1,113	1,433	2,586	2,087	2,542	3,738	4,180	5,030	5,280
Interest Recieved	20.24	8.18	10.10	32.73	50.36	36.63	71.87	53.92	59.74	57.00
Dividends Recieved	22.65	18.90	17.13	18.08	1.40	—	—	—	—	—
Subsidiary Investments	-30.70	—	-40.84	-14.81	-43.55	-44.85	—	—	—	—
Cash from Financing Activity	-127	-58.41	-95.61	-160	-329	-144	182	-404	-594	-628
Proceeds From Shares	—	—	—	—	—	—	—	—	161	—
Net Long Term Borrowings	-1.46	-0.46	-0.46	-0.46	-0.46	-0.45	428	-4.02	-223	-206
Proceeds From Borrowings	—	—	—	—	—	—	428	—	—	—
Repayment From Borrowings	-1.46	-0.46	-0.46	-0.46	-0.46	-0.45	-0.18	-4.02	-223	-206
Interest Paid	-0.04	-0.18	-15.02	-0.37	-6.33	-5.80	-11.84	-33.56	-28.73	-37.28
Dividend Paid	-104	-48.00	-0.15	-88.14	-115	-107	-199	-298	-408	-460
Net Cash Flow	11.26	6.07	-21.81	46.57	7.64	49.99	49.93	131	158	94.28
Opening Cash & Cash Equivalents	98.81	140	146	135	174	190	242	298	467	663
Effect of FX	0.81	0.05	10.07	-7.14	4.68	-1.15	-0.17	1.05	2.38	-1.18
Closing Cash & Cash Equivalents	140	146	135	174	190	242	298	467	663	674
Net Capex (est)	165	217	65.14	37.40	74.57	125	381	432	279	193
Free Cash Flow (est)	89.32	69.50	356	395	277	611	464	524	942	964

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Persistent Systems Ltd.
Oracle Finl. Service
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	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	3.12	2.99	3.36	3.56	3.84	3.06	3.47	1.99	1.71	1.89
Liquid Assets (Crs)	1,106	1,336	1,404	1,774	1,891	1,986	2,670	2,839	3,447	4,123
Current Liabilities (Crs)	355	447	417	499	492	648	770	1,426	2,013	2,184
Current Ratio	3.12	2.99	3.36	3.56	3.84	3.06	3.47	1.99	1.71	1.89
Current Assets (Crs)	1,106	1,336	1,404	1,774	1,891	1,986	2,670	2,839	3,447	4,123
Current Liabilities (Crs)	355	447	417	499	492	648	770	1,426	2,013	2,184
Interest Coverage Ratio	1,158	4,019	4,404	5,435	1,596	72.44	106	79.10	27.21	31.98
EBIT (Crs)	390	370	412	429	487	459	615	936	1,318	1,494
Interest Expenses (Crs)	0.34	0.09	0.09	0.08	0.30	6.33	5.79	11.84	47.34	46.73
Fixed Asset Turnover	2.01	2.11	2.31	2.20	2.36	2.19	2.34	1.89	2.04	2.30
Net Sales (Crs)	1,891	2,312	2,878	3,034	3,366	3,566	4,188	5,711	8,351	9,822
Fixed Assets (Crs)	941	1,098	1,248	1,381	1,426	1,629	1,787	3,018	4,089	4,273
Cash Conversion Cycle	51.10	39.70	34.05	35.59	29.81	30.90	23.32	48.55	54.06	59.49
Inventory Days	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Receivable	63.82	62.04	57.25	57.76	52.97	55.51	50.69	48.55	54.06	59.49
Days Payable	12.72	22.34	23.20	22.17	23.17	24.60	27.37	—	—	—
Debt to Equity Ratio	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.11	0.04
Total Debt (Crs)	4.53	3.27	2.72	2.19	1.67	5.13	4.62	433	431	207
Shareholders Equity (Crs)	1,406	1,658	1,899	2,127	2,345	2,386	2,796	3,368	3,965	4,958
Free Cash Flow/Sales (%)	11.43	3.86	2.41	11.74	11.73	7.77	14.59	8.13	6.27	9.59
Free Cash Flow(est) (Crs)	216	89.32	69.50	356	395	277	611	464	524	942
Net Sales (Crs)	1,891	2,312	2,878	3,034	3,366	3,566	4,188	5,711	8,351	9,822
Profitability Ratios
Gross Margin (%)	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
Op Profit Margin (%)	20.34	16.02	16.17	14.89	16.31	13.80	16.31	16.59	18.03	16.30
Operating Profit (Crs)	484	469	561	588	644	625	791	1,102	1,590	1,804
Net Sales (Crs)	1,891	2,312	2,878	3,034	3,366	3,566	4,188	5,711	8,351	9,822
Net Profit Margin (%)	15.37	11.99	10.47	10.65	10.45	9.54	10.76	12.09	11.03	11.13
Net Profit (Crs)	291	277	301	323	352	340	451	690	921	1,093
Net Sales (Crs)	1,891	2,312	2,878	3,034	3,366	3,566	4,188	5,711	8,351	9,822
ROCE (%)	28.11	22.28	21.71	20.37	20.95	19.53	22.04	24.12	28.98	29.57
EBIT (Crs)	390	370	412	429	487	459	615	936	1,318	1,494
Capital Employed (Crs)	1,388	1,660	1,898	2,108	2,323	2,348	2,792	3,881	4,547	5,053
Return on Assets (%)	16.67	13.16	13.02	12.39	12.49	11.36	12.65	13.01	14.04	15.11
Net Profit (Crs)	291	277	301	323	352	340	451	690	921	1,093
Total Assets (Crs)	1,743	2,107	2,316	2,607	2,815	2,996	3,562	5,307	6,560	7,238
ROIC (%)	21.19	16.09	16.27	14.23	24.25	17.81	26.81	27.12	31.29	30.20
Op Profit after Taxes (Crs)	217	204	238	221	283	245	375	584	916	976
Invested Capital (Crs)	1,023	1,266	1,463	1,551	1,168	1,378	1,400	2,153	2,927	3,231
ROE (%)	20.68	16.73	15.87	15.19	15.00	14.26	16.12	20.50	23.23	22.06
Net Profit Margin (%)	15.37	11.99	10.47	10.65	10.45	9.54	10.76	12.09	11.03	11.13
Asset Turnover ratio	1.08	1.10	1.24	1.16	1.20	1.19	1.18	1.08	1.27	1.36
Equity Multiplier	1.24	1.27	1.22	1.23	1.20	1.26	1.27	1.58	1.65	1.46
Adjusted EPS	18.16	17.33	18.84	20.19	22.22	22.26	29.48	45.17	60.26	70.98
Valuation Ratios
P/E	19.60	21.97	15.81	17.10	14.24	12.37	32.54	52.81	38.24	56.20
Price to Book	4.07	3.71	2.53	2.61	2.14	1.79	5.34	11.21	9.43	13.02
EV/EBITDA	11.48	12.70	8.23	8.99	6.74	6.02	17.31	32.64	21.86	33.62
Dividend Yield (%)	1.40	1.05	1.51	1.45	1.74	2.18	1.04	0.65	1.08	0.65

Quarterly Results

Persistent Systems Ltd.
Oracle Finl. Service
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	2,169	2,254	2,321	2,412	2,498	2,591	2,737	2,897	3,062	3,242
Operating Expenses	1,768	1,838	1,947	2,007	2,056	2,136	2,282	2,416	2,524	2,658
Increase/Decrease in Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Raw Material	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	1,275	1,346	1,394	1,534	1,504	1,529	1,574	1,725	1,764	1,811
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	402	416	374	405	442	454	455	481	538	584
Other Income	32.76	8.83	21.65	37.28	38.31	30.78	30.64	46.52	42.63	18.36
Interest	13.52	14.83	12.60	12.28	12.11	9.73	14.11	18.23	16.32	18.46
PBDT	391	410	383	430	468	475	472	509	564	584
Depreciation and Amortization	68.35	69.72	76.33	74.40	78.73	79.92	71.20	74.50	82.11	79.10
Profit Before Tax	323	341	307	356	389	395	401	435	482	505
Tax	84.83	89.07	78.28	92.50	103	80.17	94.13	110	109	109
Profit After Tax	238	252	229	263	286	315	306	325	373	396
Exceptional Items	-29.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	238	252	229	263	286	315	306	325	373	396
Quarterly Ratios
EPS	15.57	16.45	14.87	17.11	18.60	20.47	19.89	20.85	23.93	25.39
Operating Profit Margin	18.51	18.47	16.13	16.80	17.69	17.54	16.63	16.59	17.56	18.03
Net Profit Margin	10.97	11.16	9.86	10.92	11.45	12.17	11.19	11.22	12.18	12.21

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

66.60%

Implied Growth Rate over a 5 year period*

25.00%

Implied Growth Rate over a 10 year period*

11.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Persistent Systems Ltd. Financials

How strong is Persistent Systems balance sheet?

Balance sheet of Persistent Systems is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Persistent Systems increasing or decreasing?

Yes, The net debt of Persistent Systems is increasing.
Latest net debt of Persistent Systems is -₹1,025.47 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹1,838.44 Crs.

Is the profitablity of Persistent Systems improving?

Yes, profit is increasing.
The profit of Persistent Systems is ₹1,400 Crs for TTM, ₹1,093 Crs for Mar 2024 and ₹921 Crs for Mar 2023.

Does Persistent Systems pay decent dividends?

The company seems to pay a good stable dividend.
Persistent Systems latest dividend payout ratio is 36.63% and 3yr average dividend payout ratio is 37.48%

How has Persistent Systems allocated its funds?

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Short Term Loans & Advances

View FAQ's On Shareholding

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Persistent Systems Ltd.

Persistent Systems Ltd.

Has the share price of Persistent Systems grown faster than its competition?

Is Persistent Systems stock expensive?

How strong is Persistent Systems balance sheet?

Is the debt of Persistent Systems increasing or decreasing?

Is the profitablity of Persistent Systems improving?

Does Persistent Systems pay decent dividends?

How has Persistent Systems allocated its funds?

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