Persistent Systems Ltd (PERSISTENT) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↓

-1.10%

Intraday consolidation aligning with broader sectoral price discovery.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 20.8%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 27.2%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹5,764.43

200-Day DMA ● Overlay

₹5,346.28

14-Day RSI ● Overlay

48.2 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹87,063 Cr

Large cap

Stock P/E (TTM) Valuation

43.7x

Price / EPS

Book Value (₹) Assets

₹497.0

P/B: 11.1x

ROE (%) Quality

27.2%

Net Profit / Equity

ROCE (%) Efficiency

34.4%

EBIT / Capital

Dividend Yield Yield

0.72%

Face Value: ₹10

Debt / Equity Solvency

0.06x

Low Debt

EPS (TTM) Per Share

₹126.08

Trailing 12M

OPM (%) Spread

18.0%

EBITDA Margin

Free Cash Flow Cash

₹1,572 Cr

CFO - Capex

About Persistent Systems Ltd

Persistent Systems Ltd (PERSISTENT) is a leading Indian enterprise operating in the Information Technology sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 13% × Turnover: 0.85x × Leverage: 1.06x = ROE: 27.2%

✓ Company Strengths (Pros)

• Company has maintained a healthy low debt-to-equity ratio of 0.06.
• Company has a stellar track record of return on equity (ROE of 27.2%).

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 11.1x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹15,718 Cr

Latest PAT

₹1,923 Cr

EPS (TTM)

₹126.08

OPM %

18.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹2,321 Cr	₹2,412 Cr	₹2,498 Cr	₹2,591 Cr	₹2,737 Cr	₹2,897 Cr	₹3,062 Cr	₹3,242 Cr	₹3,334 Cr	₹3,581 Cr	₹3,778 Cr	₹4,056 Cr	₹4,303 Cr
Operating Profit (EBITDA)	₹374.00 Cr	₹405.00 Cr	₹442.00 Cr	₹454.00 Cr	₹455.00 Cr	₹481.00 Cr	₹538.00 Cr	₹584.00 Cr	₹612.00 Cr	₹683.00 Cr	₹733.00 Cr	₹768.00 Cr	₹697.00 Cr
OPM %	16.0%	17.0%	18.0%	18.0%	17.0%	17.0%	18.0%	18.0%	18.0%	19.0%	19.0%	19.0%	16.0%
Interest Expense	₹13.00 Cr	₹12.00 Cr	₹12.00 Cr	₹10.00 Cr	₹14.00 Cr	₹18.00 Cr	₹16.00 Cr	₹18.00 Cr	₹17.00 Cr	₹18.00 Cr	₹19.00 Cr	₹19.00 Cr	₹29.00 Cr
Depreciation	₹76.00 Cr	₹74.00 Cr	₹79.00 Cr	₹80.00 Cr	₹71.00 Cr	₹74.00 Cr	₹82.00 Cr	₹79.00 Cr	₹94.00 Cr	₹100.00 Cr	₹101.00 Cr	₹109.00 Cr	₹115.00 Cr
Profit before Tax (PBT)	₹307.00 Cr	₹356.00 Cr	₹389.00 Cr	₹395.00 Cr	₹401.00 Cr	₹435.00 Cr	₹482.00 Cr	₹505.00 Cr	₹555.00 Cr	₹617.00 Cr	₹565.00 Cr	₹674.00 Cr	₹623.00 Cr
Net Profit (PAT)	₹229.00 Cr	₹263.00 Cr	₹286.00 Cr	₹315.00 Cr	₹306.00 Cr	₹325.00 Cr	₹373.00 Cr	₹396.00 Cr	₹425.00 Cr	₹471.00 Cr	₹439.00 Cr	₹529.00 Cr	₹483.00 Cr
EPS in ₹	₹14.86	₹17.11	₹18.59	₹20.47	₹19.89	₹21.02	₹24.12	₹25.59	₹27.17	₹30.15	₹27.86	₹33.55	₹30.62

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹1,891 Cr	₹2,312 Cr	₹2,878 Cr	₹3,034 Cr	₹3,366 Cr	₹3,566 Cr	₹4,188 Cr	₹5,711 Cr	₹8,351 Cr	₹9,822 Cr	₹11,939 Cr	₹14,748 Cr	₹15,718 Cr
Expenses	₹1,501 Cr	₹1,921 Cr	₹2,413 Cr	₹2,565 Cr	₹2,810 Cr	₹3,073 Cr	₹3,505 Cr	₹4,753 Cr	₹6,831 Cr	₹8,146 Cr	₹9,881 Cr	₹11,953 Cr	₹12,837 Cr
Operating Profit	₹390.00 Cr	₹392.00 Cr	₹465.00 Cr	₹469.00 Cr	₹556.00 Cr	₹493.00 Cr	₹683.00 Cr	₹958.00 Cr	₹1,519 Cr	₹1,676 Cr	₹2,058 Cr	₹2,796 Cr	₹2,881 Cr
OPM %	21%	17%	16%	15%	17%	14%	16%	17%	18%	17%	17%	19%	18%
Interest	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹6.00 Cr	₹6.00 Cr	₹12.00 Cr	₹47.00 Cr	₹47.00 Cr	₹67.00 Cr	₹73.00 Cr	₹85.00 Cr
Depreciation	₹94.00 Cr	₹99.00 Cr	₹149.00 Cr	₹158.00 Cr	₹157.00 Cr	₹166.00 Cr	₹176.00 Cr	₹166.00 Cr	₹272.00 Cr	₹309.00 Cr	₹307.00 Cr	₹403.00 Cr	₹424.00 Cr
Profit before Tax	₹390.00 Cr	₹370.00 Cr	₹401.00 Cr	₹429.00 Cr	₹486.00 Cr	₹452.00 Cr	₹609.00 Cr	₹924.00 Cr	₹1,241 Cr	₹1,448 Cr	₹1,822 Cr	₹2,411 Cr	₹2,479 Cr
Net Profit	₹291.00 Cr	₹277.00 Cr	₹301.00 Cr	₹323.00 Cr	₹352.00 Cr	₹340.00 Cr	₹451.00 Cr	₹690.00 Cr	₹921.00 Cr	₹1,093 Cr	₹1,400 Cr	₹1,865 Cr	₹1,923 Cr
EPS in Rs	18.16	17.33	18.84	20.19	21.98	22.26	29.48	45.15	60.24	70.98	90.54	118.23	122.18

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹80.00 Cr	₹80.00 Cr	₹80.00 Cr	₹80.00 Cr	₹79.00 Cr	₹76.00 Cr	₹76.00 Cr	₹76.00 Cr	₹76.00 Cr	₹77.00 Cr	₹78.00 Cr	₹79.00 Cr
Reserves & Surplus	₹1,326 Cr	₹1,578 Cr	₹1,819 Cr	₹2,047 Cr	₹2,266 Cr	₹2,309 Cr	₹2,719 Cr	₹3,292 Cr	₹3,889 Cr	₹4,881 Cr	₹6,241 Cr	₹7,759 Cr
Borrowings (Debt)	₹4.00 Cr	₹3.00 Cr	₹3.00 Cr	₹2.00 Cr	₹2.00 Cr	₹71.00 Cr	₹98.00 Cr	₹578.00 Cr	₹655.00 Cr	₹451.00 Cr	₹311.00 Cr	₹477.00 Cr
Total Liabilities	₹1,775 Cr	₹2,120 Cr	₹2,335 Cr	₹2,644 Cr	₹2,856 Cr	₹3,092 Cr	₹3,666 Cr	₹5,419 Cr	₹6,619 Cr	₹7,405 Cr	₹8,722 Cr	₹11,344 Cr
Fixed Assets	₹408.00 Cr	₹437.00 Cr	₹536.00 Cr	₹512.00 Cr	₹401.00 Cr	₹432.00 Cr	₹457.00 Cr	₹1,534 Cr	₹2,341 Cr	₹2,221 Cr	₹2,541 Cr	₹2,856 Cr
Total Assets	₹1,775 Cr	₹2,120 Cr	₹2,335 Cr	₹2,644 Cr	₹2,856 Cr	₹3,092 Cr	₹3,666 Cr	₹5,419 Cr	₹6,619 Cr	₹7,405 Cr	₹8,722 Cr	₹11,344 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹312.00 Cr	₹254.00 Cr	₹286.00 Cr	₹421.00 Cr	₹432.00 Cr	₹352.00 Cr	₹736.00 Cr	₹845.00 Cr	₹956.00 Cr	₹1,302 Cr	₹1,157 Cr	₹1,767 Cr
Cash from Investing (CFI)	-₹230.00 Cr	-₹86.00 Cr	-₹222.00 Cr	-₹337.00 Cr	-₹233.00 Cr	-₹6.00 Cr	-₹540.00 Cr	-₹971.00 Cr	-₹383.00 Cr	-₹525.00 Cr	-₹517.00 Cr	-₹618.00 Cr
Cash from Financing (CFF)	-₹66.00 Cr	-₹127.00 Cr	-₹58.00 Cr	-₹96.00 Cr	-₹160.00 Cr	-₹329.00 Cr	-₹144.00 Cr	₹182.00 Cr	-₹404.00 Cr	-₹582.00 Cr	-₹628.00 Cr	-₹748.00 Cr
Free Cash Flow (FCF)	₹216.00 Cr	₹89.00 Cr	₹70.00 Cr	₹356.00 Cr	₹395.00 Cr	₹277.00 Cr	₹611.00 Cr	₹464.00 Cr	₹524.00 Cr	₹947.00 Cr	₹964.00 Cr	₹1,572 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	69	67	60	58	53	61	50	61	69	62	82	83
Inventory Days	0	0	0	0	0	0	0	0	0	0	0	0
Cash Conversion Cycle (Days)	69	67	60	58	53	61	50	61	69	62	82	83
ROCE %	29%	23%	23%	20%	20%	18%	21%	26%	30%	29%	31%	34%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹1,925.59 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹5,973.50

DCF Fair Value

₹1,925.59

Graham Number

₹1,187.39

Margin of Safety

-73.3%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹1,925.59

Premium / Overvalued (Margin: -73.3%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹1,874	₹1,857	₹1,840	₹1,824
10%	₹1,909	₹1,891	₹1,874	₹1,857
12%	₹1,943	₹1,926	₹1,908	₹1,891
14%	₹1,978	₹1,960	₹1,942	₹1,925

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹1,926	Fairly Valued
Benjamin Graham Number	₹1,187	Market Priced
Historical Sector P/E	₹2,774	Premium
EV / EBITDA Multiplier	₹6,272	In-Line
Free Cash Flow Yield Model	₹5,854	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 9/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

9 / 9 Pass

Altman Z-Score

5.88 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.06x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 18.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

30.29%

FIIs (Foreign)

20.79%

DIIs (Domestic)

30.25%

Government

0.15%

Public / Retail

17.99%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	31.06%	31.06%	31.02%	31.02%	30.66%	30.66%	30.66%	30.56%	30.56%	30.29%	30.29%	30.29%
+ FIIs (Foreign Portfolio)	21.34%	24.55%	24.96%	22.55%	23.34%	24.75%	24.36%	24.19%	21.24%	22.79%	22.11%	20.79%
+ DIIs (Mutual Funds / Insurance)	28.67%	26.13%	25.88%	28.23%	27.37%	26.26%	26.85%	27.77%	30.60%	29.80%	30.47%	30.25%
+ Public (Retail & HNIs)	16.96%	16.91%	17.03%	17.51%	16.96%	17.22%	17.28%	16.88%	17.14%	16.21%	16.14%	17.99%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Information Technology.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

PERSISTENT Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

PERSISTENT Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

PERSISTENT Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹7,646.08

Accelerated market share capture in Information Technology, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹6,690.32

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 44x P/E.

🐻 Bear Case (15%) -12.0%

₹5,256.68

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Information Technology)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:55 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Persistent Systems Ltd (PERSISTENT)	Target Stock	₹5,973.50	-1.10%	43.7x	27.2%	34.4%	0.06	₹87,063 Cr
Tata Consultancy Services Ltd (TCS)	IT Services & Consulting	₹2,472.10	-0.13%	14.0x	51.8%	63.0%	0.11	₹7.51 Lakh Cr
Infosys Ltd (INFY)	IT Services & Consulting	₹1,155.00	+0.08%	13.5x	31.9%	40.0%	0.10	₹4.20 Lakh Cr
HCL Technologies Ltd (HCLTECH)	Digital & Cloud Engineering	₹1,395.00	-0.85%	18.6x	23.8%	30.4%	0.07	₹3.37 Lakh Cr
Wipro Ltd (WIPRO)	IT Services & Consulting	₹197.99	-0.51%	12.1x	15.5%	17.8%	0.23	₹1.58 Lakh Cr
Tech Mahindra Ltd (TECHM)	Telecom & Enterprise IT	₹1,788.50	-0.91%	27.7x	17.5%	23.1%	0.07	₹1.47 Lakh Cr
ORACLE FIN SERV SOFT Ltd. (OFSS)	Information Technology Operations	₹10,100.00	+0.61%	26.6x	32.6%	45.3%	0.00	₹90,760 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:55:55 IST	✓ Live Sync
Financial Statements (10Y)	Persistent Systems Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Persistent Systems Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Persistent Systems Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Information Technology)

Metric Explainer

Stock DNA Methodology

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