Persistent Systems Ltd

Persistent Systems Ltd

₹ 5,726 0.27%
21 Nov - close price
About

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].

Key Points

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

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
847 929 1,035 1,102 1,225 1,307 1,483 1,545 1,669 1,669 1,631 2,691 2,847
646 712 788 864 966 1,026 1,107 1,207 1,296 1,315 1,364 2,371 2,434
Operating Profit 201 217 248 238 259 281 376 338 373 354 267 320 413
OPM % 24% 23% 24% 22% 21% 21% 25% 22% 22% 21% 16% 12% 15%
28 31 39 24 11 -1 11 29 61 40 35 63 50
Interest 2 2 2 2 3 4 5 4 4 4 4 7 13
Depreciation 20 22 26 28 33 34 39 39 40 41 41 36 41
Profit before tax 208 224 259 231 233 242 344 323 389 348 256 340 409
Tax % 27% 23% 25% 24% 25% 24% 25% 25% 23% 25% 28% 27% 30%
152 173 194 175 175 183 258 244 298 260 184 248 286
EPS in Rs 9.97 11.31 12.72 11.44 11.45 11.95 16.90 15.83 19.39 16.88 11.94 16.09 18.49
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
31.26% 31.26% 31.26% 31.26% 31.26% 31.26% 31.06% 31.06% 31.06% 31.02% 31.02% 30.66%
19.92% 20.03% 20.45% 19.81% 20.29% 20.55% 20.50% 21.34% 24.55% 24.96% 22.55% 23.34%
26.88% 26.76% 25.94% 25.92% 26.40% 27.60% 28.04% 28.67% 26.13% 25.88% 28.23% 27.37%
18.71% 18.81% 19.51% 20.44% 19.76% 18.52% 17.99% 16.96% 16.91% 17.03% 17.51% 16.96%
3.23% 3.14% 2.83% 2.56% 2.27% 2.07% 2.41% 1.97% 1.34% 1.12% 0.69% 1.67%
No. of Shareholders 1,51,6101,71,8751,93,0242,14,0912,00,7201,82,3991,87,0821,82,1931,85,7281,89,5702,30,0632,28,534

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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