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Persistent Systems Ltd share Price Today

Company details

6,390.00
6,483.35
3,784.05
6,624.65
6M Return 25.20%
1Y Return 54.84%
Mkt Cap.(Cr) 49,488.16
Volume 207,847
Div Yield 0.77%
OI
-
OI Chg %
-
Volume 207,847

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About The Stock

    Persistent System (Persistent) offers cloud, data, product & design led services to BFSI, Healthcare & Hi Tech verticals

    • Persistent had a strong year with revenue growth of 35.2% in dollar terms, out of which organic growth was 32.8%
    • Net debt free and healthy double digit return ratio (with RoCE of 20%)
Q4FY22

    Persistent reported robust Q4FY22 results.

    • Dollar revenues increased 9.1% QoQ, organic growth was 6.8% QoQ
    • EBIT margins increased 8 bps QoQ to 14.0%
    • Deal TCV was at US$361 mn, up 8% QoQ

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IT Consulting and software company Persistent Systems announced Q2FY24 results:

Financial Results:
- The company reported a 3.1% QoQ growth in revenue and a 14.1% YoY growth.
- The revenue in INR was reported as Rs 24,116.70 million, with an EBITDA of Rs 4,051.62 million and a PAT of Rs 2,632.68 million.
- The company's EBITDA margin percentage stood at 16.8%.

Order Bookings:
- Persistent Systems exceeded USD 475 million in Total Contract Value (TCV) for order bookings in Q2FY24.
- The Annual Contract Value (ACV) for order bookings in Q2FY24 was reported at USD 315.9 million.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems, said, "We are pleased to announce yet another quarter of strong revenue growth, fueled by client trust in our Digital Engineering and Enterprise Modernization capabilities. Our proactive approach and ability to adapt have enabled us to thrive in this uncertain macroeconomic environment leading to our highest-ever TCV with more than USD 475M in bookings in Q2FY24.

Our recognition as a Challenger in the 2023 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services is a result of our continued focus and investment in deepening our hyperscaler capabilities. We remain steadfast in our endeavor to excel and are confident in our ability to build on this success.

I am also extremely proud to share that we won the Golden Peacock Award for Excellence in Corporate Governance for 2023. This is an acknowledgment of our unwavering commitment to the highest standards of corporate governance".

 

 

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OUR RESEARCH VIEW

Investment recommendation
Call Date
09 May 2023
Entry Price 4,650.00
Target Price 5,330.00
Duration
3 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Persistent Systems Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 3,965.08 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,779.50 22,156.90
LAST 3M 54,802.13 -2,099.03
LAST 6M 93,089.45 78,838.27
LAST 12M 161,092.98 118,023.38
Persistent Systems expands its leadership team

Dec 01, 2023 l BSE Announcement

Persistent Systems Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Dec 01, 2023 l NSE Announcement

Persistent Systems Limited - Investor Presentation

Nov 29, 2023 l NSE Announcement

Date Action Type Ratio
Jul 11, 2023 Dividend 120
Jul 11, 2023 Dividend 100
Jan 25, 2023 Dividend 280

Persistent Systems Ltd Information

Stock PE (TTM)
49.29
Promoter Holding
31.06%
Book Value
574.4114
ROCE
28.21%
ROE
25.12%
Description
  • Persistent Systems Ltd. offers outsourced software product development. It designs, develops, and maintains software systems and solutions, creates new applications and improves the functionality of existing software products. Its incorporation date is 16 May 1990. The company’s headquarters are in Pune. During FY 2021-2022, Persistent Systems Ltd.’s total revenue was Rs 5,854.70 crore, with total revenue growth of 36.29%. On 12 August 2022, the company’s market capitalisation stood at Rs 28,456 crore.  

    The company is listed on the Bombay Stock Exchange with the code 533179, and on the National Stock Exchange with the code PERSISTENT.  

    In February 2011, Persistent Systems Ltd. acquired the operations of Nagpur-based Infospectrum India Private. In 2016, it acquired PARX – Platinum Salesforce Consulting Partner in the DACH market. In 2021, the assets of Shree Partners were acquired to bolster cloud and IT management capabilities. In 2022, the company acquired US-based company MediaAgility to launch a new Google Cloud Business unit. Persistent Systems Ltd. won the prestigious ISG 2020 Star of Excellence Award™ from Information Services Group for its core technologies.  

    On 30 June 2022, the company’s shareholding pattern showed a promoter stake of 31.26%, a foreign institutional investor stake of 20.45%, a domestic institutional investor stake of 25.94%, and a public stake of 19.51%. The foreign institutional investor holdings increased from 20.03% to 20.45% during this quarter. Dr Anand Suresh Deshpande, the company’s founder, is the leading promoter with a 29.91% share.  

    The company’s top management comprises Mr Arvind Goel, Dr Ambuj Goyal, Prof Deepak Phatak, Mr Guy Eiferman, Ms Roshini Bakshi, Mr Sunil Sapre, Ms Avani Davda, Mr Praveen Kadle, Mr Pradeep Bhargava, Dr Anant Jhingran, Mr Sandeep Kalra, and Mr Thomas Kendra. Walker Chandiok & Co. LLP are the company’s auditors. On 30 June 2022, the company’s total shares outstanding were 7.64 crores. 

    On 12 August 2022, Persistent Systems Ltd.’s share price closed at Rs 3,731.30 on BSE. It closed at Rs 3,723.40 on NSE. The 52-week high for Persistent Systems Ltd.’s share price was Rs 4,987.50, and the 52-week low for the company’s share price was Rs 3,061.45.  

    The company’s peers include MphasiS, L&T Technology Services, Oracle Financial Services Software, Infosys Ltd., HCL Technologies Ltd., Wipro Ltd., and Tata Consultancy Services Ltd. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

Bhageerath, 402 Senapati Bapat Road, Pune, Maharashtra, 411016

Tel : 91-020-67030000/67462084
Email : info:persistent.com
Website : http://www.persistentsys.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 533179
NSE Code : PERSISTENT
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE262H01013

FAQ’s on Persistent Systems Ltd Shares

You can buy Persistent Systems Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Persistent Systems Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 01, 2023 03:55 PM the closing price of Persistent Systems Ltd was ₹ 6,433.30.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 01, 2023 03:55 PM, the market cap of Persistent Systems Ltd stood at ₹ 49,488.16.

The latest PE ratio of Persistent Systems Ltd as of Dec 01, 2023 03:55 PM is 49.29

The latest PB ratio of Persistent Systems Ltd as of Dec 01, 2023 03:55 PM is 0.09

The 52-week high of Persistent Systems Ltd is ₹ 6,624.65 while the 52-week low is ₹ 3,784.05

According to analyst recommendations, Persistent Systems Ltd has a “Buy” rating for the long term.

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