Persistent Systems Ltd
Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration [1]. It also has partnership with providers such as Salesforce and AWS [2].
- Market Cap ₹ 89,232 Cr.
- Current Price ₹ 5,726
- High / Low ₹ 5,834 / 3,135
- Stock P/E 91.3
- Book Value ₹ 354
- Dividend Yield 0.45 %
- ROCE 28.8 %
- ROE 22.0 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 27.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 41.2%
- Company's median sales growth is 16.5% of last 10 years
Cons
- Stock is trading at 16.2 times its book value
- Promoter holding has decreased over last quarter: -0.36%
- Debtor days have increased from 71.5 to 94.3 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Large
Part of BSE 500 BSE Information Technology BSE 100 BSE 200 BSE Dollex 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
997 | 1,184 | 1,242 | 1,447 | 1,733 | 1,733 | 1,960 | 2,108 | 2,480 | 3,575 | 5,118 | 6,514 | 8,839 | |
719 | 818 | 940 | 1,122 | 1,363 | 1,351 | 1,579 | 1,675 | 1,869 | 2,705 | 3,964 | 5,183 | 7,484 | |
Operating Profit | 278 | 366 | 303 | 326 | 370 | 381 | 381 | 434 | 611 | 870 | 1,154 | 1,331 | 1,355 |
OPM % | 28% | 31% | 24% | 22% | 21% | 22% | 19% | 21% | 25% | 24% | 23% | 20% | 15% |
29 | 34 | 96 | 79 | 95 | 128 | 104 | 159 | 118 | 132 | 44 | 164 | 188 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 7 | 13 | 17 | 29 |
Depreciation | 60 | 58 | 49 | 59 | 61 | 54 | 46 | 56 | 57 | 84 | 134 | 162 | 160 |
Profit before tax | 247 | 342 | 349 | 346 | 404 | 455 | 438 | 533 | 668 | 912 | 1,050 | 1,317 | 1,354 |
Tax % | 26% | 27% | 26% | 28% | 27% | 25% | 28% | 23% | 24% | 25% | 25% | 25% | |
182 | 249 | 259 | 250 | 294 | 342 | 315 | 408 | 505 | 686 | 791 | 986 | 978 | |
EPS in Rs | 11.36 | 15.54 | 16.21 | 15.60 | 18.38 | 21.38 | 19.69 | 26.67 | 33.03 | 44.86 | 51.74 | 63.98 | 63.40 |
Dividend Payout % | 20% | 19% | 46% | 26% | 24% | 23% | 28% | 22% | 30% | 35% | 48% | 41% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 27% |
3 Years: | 38% |
TTM: | 47% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 27% |
3 Years: | 26% |
TTM: | -3% |
Stock Price CAGR | |
---|---|
10 Years: | 33% |
5 Years: | 76% |
3 Years: | 40% |
1 Year: | 80% |
Return on Equity | |
---|---|
10 Years: | 19% |
5 Years: | 21% |
3 Years: | 22% |
Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 40 | 40 | 80 | 80 | 80 | 80 | 79 | 76 | 76 | 76 | 76 | 77 | 78 |
Reserves | 966 | 1,162 | 1,275 | 1,485 | 1,734 | 1,973 | 2,142 | 2,222 | 2,689 | 3,242 | 3,865 | 4,702 | 5,399 |
1 | 3 | 4 | 3 | 3 | 2 | 2 | 37 | 39 | 76 | 156 | 151 | 237 | |
122 | 143 | 203 | 221 | 242 | 224 | 266 | 326 | 471 | 556 | 801 | 1,123 | 2,551 | |
Total Liabilities | 1,129 | 1,348 | 1,562 | 1,789 | 2,059 | 2,279 | 2,489 | 2,662 | 3,275 | 3,951 | 4,899 | 6,052 | 8,266 |
288 | 272 | 307 | 292 | 272 | 244 | 221 | 237 | 276 | 419 | 688 | 604 | 731 | |
CWIP | 35 | 30 | 4 | 1 | 3 | 1 | 7 | 19 | 11 | 107 | 16 | 33 | 16 |
Investments | 387 | 551 | 769 | 769 | 943 | 1,142 | 1,084 | 1,354 | 1,415 | 1,308 | 1,403 | 1,670 | 1,602 |
420 | 495 | 482 | 727 | 841 | 891 | 1,176 | 1,052 | 1,573 | 2,117 | 2,792 | 3,745 | 5,917 | |
Total Assets | 1,129 | 1,348 | 1,562 | 1,789 | 2,059 | 2,279 | 2,489 | 2,662 | 3,275 | 3,951 | 4,899 | 6,052 | 8,266 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
194 | 243 | 281 | 165 | 195 | 356 | 339 | 276 | 657 | 586 | 520 | 571 | |
-143 | -174 | -214 | -37 | -141 | -275 | -154 | 41 | -496 | -393 | -107 | -45 | |
-39 | -50 | -66 | -127 | -58 | -96 | -159 | -321 | -128 | -223 | -346 | -324 | |
Net Cash Flow | 12 | 20 | 2 | 1 | -5 | -14 | 26 | -3 | 33 | -30 | 67 | 202 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 74 | 70 | 75 | 96 | 101 | 72 | 45 | 50 | 44 | 45 | 75 | 94 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 74 | 70 | 75 | 96 | 101 | 72 | 45 | 50 | 44 | 45 | 75 | 94 |
Working Capital Days | 55 | 60 | 48 | 92 | 91 | 96 | 63 | 58 | 33 | 44 | 71 | 85 |
ROCE % | 27% | 30% | 27% | 22% | 23% | 23% | 19% | 23% | 25% | 29% | 29% | 29% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Outcome of investor session with no new information.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Participation in JM Financial India Conference 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 Nov - Participation in 27th CITIC CLSA India Forum conference.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 Nov - Outcome of Non-Deal Roadshow with investors.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 Nov - Investor session scheduled for November 20, 2024.
Annual reports
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Financial Year 2024
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Oct 2024Transcript PPT
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Oct 2017TranscriptNotesPPT
Solutions Offered[1]
The company provides complete Digital Engineering solutions for :
a Product & Platform Engineering
b CX & Design-Led Transformation
c Cloud-enabled Enterprise Modernization
d Data & Artificial Intelligence
e Intelligent Automation