Persistent Systems Ltd

Persistent Sys Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Persistent Systems Ltd

₹ 5,726 0.27%
21 Nov - close price
persistent.com BSE: 533179 NSE: PERSISTENT
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

Website BSE NSE
  • Market Cap ₹ 89,330 Cr.
  • Current Price ₹ 5,726
  • High / Low ₹ 5,834 / 3,135
  • Stock P/E 72.5
  • Book Value ₹ 360
  • Dividend Yield 0.45 %
  • ROCE 29.2 %
  • ROE 24.0 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 26.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 37.5%
  • Company's median sales growth is 17.4% of last 10 years

Cons

  • Stock is trading at 15.9 times its book value
  • Promoter holding has decreased over last quarter: -0.36%

* 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 Nifty LargeMidcap 250 Nifty200 Quality 30 Nifty Midcap150 Quality 50 Nifty 200 BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,351 1,492 1,638 1,878 2,049 2,169 2,254 2,321 2,412 2,498 2,591 2,737 2,897
1,127 1,241 1,357 1,545 1,681 1,768 1,838 1,947 2,007 2,056 2,136 2,282 2,416
Operating Profit 224 251 281 333 368 402 416 374 405 442 454 455 481
OPM % 17% 17% 17% 18% 18% 19% 18% 16% 17% 18% 18% 17% 17%
32 31 42 21 8 3 9 22 37 38 31 31 47
Interest 2 3 5 8 11 14 15 13 12 12 10 14 18
Depreciation 37 43 51 65 69 68 70 76 74 79 80 71 74
Profit before tax 218 236 267 282 296 323 341 307 356 389 395 401 435
Tax % 26% 25% 25% 25% 26% 26% 26% 25% 26% 26% 20% 24% 25%
162 176 201 212 220 238 252 229 263 286 315 306 325
EPS in Rs 10.58 11.54 13.15 13.84 14.39 15.56 16.45 14.86 17.11 18.59 20.47 19.89 21.02
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,295 1,669 1,891 2,312 2,878 3,034 3,366 3,566 4,188 5,711 8,351 9,822 10,723
982 1,255 1,501 1,921 2,413 2,565 2,810 3,073 3,505 4,753 6,831 8,146 8,891
Operating Profit 313 415 390 392 465 469 556 493 683 958 1,519 1,676 1,832
OPM % 24% 25% 21% 17% 16% 15% 17% 14% 16% 17% 18% 17% 17%
29 31 94 77 84 119 88 132 108 144 41 128 146
Interest 0 0 0 0 0 0 0 6 6 12 47 47 54
Depreciation 78 103 94 99 149 158 157 166 176 166 272 309 304
Profit before tax 263 343 390 370 401 429 486 452 609 924 1,241 1,448 1,620
Tax % 29% 27% 25% 25% 25% 25% 28% 25% 26% 25% 26% 24%
188 249 291 277 301 323 352 340 451 690 921 1,093 1,233
EPS in Rs 11.73 15.58 18.16 17.33 18.84 20.19 21.98 22.26 29.48 45.15 60.24 70.98 79.97
Dividend Payout % 19% 19% 41% 23% 24% 25% 25% 27% 34% 34% 41% 37%
Compounded Sales Growth
10 Years: 19%
5 Years: 24%
3 Years: 33%
TTM: 17%
Compounded Profit Growth
10 Years: 16%
5 Years: 27%
3 Years: 36%
TTM: 23%
Stock Price CAGR
10 Years: 32%
5 Years: 76%
3 Years: 41%
1 Year: 74%
Return on Equity
10 Years: 20%
5 Years: 21%
3 Years: 24%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 978 1,182 1,326 1,578 1,819 2,047 2,266 2,309 2,719 3,292 3,889 4,881 5,486
1 3 4 3 3 2 2 71 98 578 658 451 577
247 318 365 459 433 514 509 635 771 1,473 2,050 1,963 2,138
Total Liabilities 1,267 1,543 1,775 2,120 2,335 2,644 2,856 3,092 3,666 5,419 6,673 7,372 8,279
350 408 408 437 536 512 401 432 457 1,534 2,341 2,221 2,437
CWIP 117 31 4 27 29 5 32 30 12 107 16 34 15
Investments 329 489 674 638 684 880 764 979 1,000 822 640 827 804
471 615 689 1,018 1,086 1,247 1,659 1,652 2,197 2,956 3,676 4,290 5,023
Total Assets 1,267 1,543 1,775 2,120 2,335 2,644 2,856 3,092 3,666 5,419 6,673 7,372 8,279

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
216 281 312 254 286 421 432 352 736 845 956 1,221
-171 -198 -230 -86 -222 -337 -233 -6 -540 -971 -383 -432
-39 -50 -66 -127 -58 -96 -160 -329 -144 182 -404 -594
Net Cash Flow 7 33 16 41 6 -12 39 16 52 56 169 196

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 69 66 69 67 60 58 53 61 50 61 67 62
Inventory Days
Days Payable
Cash Conversion Cycle 69 66 69 67 60 58 53 61 50 61 67 62
Working Capital Days 39 34 29 40 49 53 43 37 27 6 28 34
ROCE % 28% 30% 29% 23% 23% 20% 20% 18% 22% 26% 30% 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.

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Documents

Announcements

Annual reports

DRHP

Concalls