Is Persistent Systems a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Persistent Systems Ltd is a good quality company .

Is Persistent Systems undervalued or overvalued?

The key valuation ratios of Persistent Systems Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Persistent Systems share price return in the past 10 years?

Persistent Systems Ltd share price has appreciated 33.1% annually (CAGR) over the past ten years.

Is Persistent Systems a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Persistent Systems Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Persistent Systems Ltd - Stock Valuation and Financial Performance

Name: Persistent Systems
Brand: Persistent Systems

BSE: 533179 | NSE: PERSISTENT | IT - Software | Mid Cap

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Persistent Systems Share Price

₹5,646 -67.75 -1.19%
as on 18-Nov'24 16:59

10 Year X-Ray of Persistent Systems:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	29.6%	24.1%	22.5%	21.3%	21.8%	19.4%	23.7%	28.4%	31.4%	31.3%	-
Value Creation Index ⓘ	1.1	0.7	0.7	0.6	0.6	0.4	0.8	1.5	1.8	1.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,891	2,312	2,878	3,034	3,366	3,566	4,188	5,711	8,351	9,822	10,723
Sales YoY Gr.	-	22.3%	24.5%	5.4%	11%	5.9%	17.5%	36.4%	46.2%	17.6%	-
Adj EPS ⓘ	15.7	15.7	17.8	17	22	19.9	29.4	44.6	60.9	70.6	80
YoY Gr.	-	-0.1%	13.2%	-4.4%	29.6%	-9.8%	48%	51.5%	36.6%	16%	-
BVPS (₹) ⓘ	87.5	102.7	117.5	132.4	147.7	154.2	179.8	212.9	244.4	306.5	361.1
Adj Net Profit ⓘ	252	251	285	272	349	304	450	681	930	1,087	1,233
Cash Flow from Ops. ⓘ	312	254	286	421	432	352	736	845	956	1,221	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0.5	0.5	0.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	20.1%	23.9%	32.9%	17.6%
Adj EPS ⓘ	18.2%	26.2%	33.9%	16%
BVPSⓘ	14.9%	15.7%	19.5%	25.4%
Share Price	33.1%	77%	39.5%	76.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	19.2	16.4	16	13.5	15.6	12.8	17.4	22.1	25.4	24.4	24
Op. Profit Mgn % ⓘ	20.3	16.1	16.2	15	17.3	13.8	16.4	16.9	18.2	16.3	17.1
Net Profit Mgn % ⓘ	13.3	10.9	9.9	9	10.4	8.5	10.7	11.9	11.1	11.1	11.5
Debt to Equity ⓘ	0	0	0	0	0	0	0	0.1	0.1	0	0
Working Cap Days ⓘ	97	109	113	113	104	105	96	97	100	108	73
Cash Conv. Cycle ⓘ	51	40	34	36	30	31	23	20	26	26	35

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.00%

Sales growth is growing at healthy rate in last 3 years 32.86%

Net Profit is growing at healthy rate in last 3 years 33.89%

Sales growth is good in last 4 quarters at 17.03%

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Latest Financials - Persistent Systems Ltd.

	Standalone	Consolidated
TTM EPS (₹)	63.5	80
TTM Sales (₹ Cr.)	8,839	10,723
BVPS (₹.) ⓘ	355.5	361.1
Reserves (₹ Cr.) ⓘ	5,399	5,486
P/BV ⓘ	16.07	15.82
PE ⓘ	90.04	71.39

From the Market
52 Week Low / High (₹)	3120.00 / 5833.50
All Time Low / High (₹)	70.20 / 5833.50
Market Cap (₹ Cr.)	88,020
Equity (₹ Cr.)	77
Face Value (₹)	5
Industry PE ⓘ	35.1

Management X-Ray of Persistent Systems:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Persistent Systems

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Persistent Systems

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,891	2,312	2,878	3,034	3,366	3,566	4,188	5,711	8,351	9,822
Operating Expenses ⓘ	1,506	1,942	2,413	2,582	2,817	3,074	3,505	4,763	6,845	8,220
Manufacturing Costs	56	57	52	45	49	53	53	92	94	90
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	1,220	1,565	1,983	2,150	2,274	2,548	3,072	4,257	6,012	7,110
Other Costs ⓘ	230	319	378	388	494	473	380	415	738	1,020
Operating Profit ⓘ	385	370	465	452	549	492	683	948	1,506	1,601
Operating Profit Margin (%)	20.3%	16.0%	16.2%	14.9%	16.3%	13.8%	16.3%	16.6%	18.0%	16.3%
Other Income ⓘ	99	98	96	136	95	132	108	154	84	202
Interest ⓘ	0	0	0	0	0	6	6	12	47	47
Depreciation ⓘ	94	99	149	158	157	166	176	166	272	309
Exceptional Items ⓘ	0	0	-11	0	0	0	0	0	-30	0
Profit Before Tax ⓘ	390	370	401	429	486	452	609	924	1,241	1,448
Tax ⓘ	99	92	99	106	135	112	159	234	320	354
Profit After Tax	291	277	301	323	352	340	451	690	921	1,093
PAT Margin (%)	15.4%	12.0%	10.5%	10.6%	10.4%	9.5%	10.8%	12.1%	11.0%	11.1%
Adjusted EPS (₹)	18.2	17.3	18.8	20.2	22.2	22.3	29.5	45.2	60.3	71.0
Dividend Payout Ratio (%)	28%	23%	24%	25%	25%	27%	34%	34%	41%	37%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,400	1,643	1,881	2,118	2,337	2,357	2,749	3,254	3,736	4,721
Share Capital ⓘ	80	80	80	80	79	76	76	76	76	77
Reserves ⓘ	1,320	1,563	1,801	2,038	2,258	2,280	2,672	3,177	3,659	4,644
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	2	3	2	2	1	5	4	280	206	10
Long Term Debt	2	3	2	2	1	5	4	280	206	10
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	53	160	121	167	152	225	273	430	569	814
Others Liabilities ⓘ	288	301	312	320	325	410	535	1,343	2,049	1,693
Total Liabilities ⓘ	1,743	2,107	2,316	2,607	2,815	2,996	3,562	5,307	6,560	7,238
Fixed Assets
Gross Block	941	1,098	1,248	1,381	1,426	1,629	1,787	3,018	4,089	4,273
Accumulated Depreciation	533	661	712	869	1,025	1,197	1,330	1,485	1,748	2,051
Net Fixed Assetsⓘ	408	437	536	512	401	432	457	1,534	2,341	2,221
CWIP ⓘ	4	27	29	5	32	30	12	107	16	34
Investmentsⓘ	674	638	684	880	764	979	1,000	822	640	827
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	359	428	475	485	492	592	571	948	1,525	1,676
Cash Equivalents	142	144	151	241	673	457	981	914	903	1,023
Others Assetsⓘ	158	434	441	483	453	506	541	981	1,134	1,457
Total Assets ⓘ	1,743	2,107	2,316	2,607	2,815	2,996	3,562	5,307	6,560	7,238

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	312	254	286	421	432	352	736	845	956	1,221
PBT ⓘ	390	370	401	429	486	452	609	924	1,241	1,448
Adjustment ⓘ	49	71	97	109	108	140	127	198	493	320
Changes in Working Capital ⓘ	-28	-86	-106	4	-21	-108	158	-41	-438	-205
Tax Paid ⓘ	-100	-101	-105	-121	-141	-133	-158	-237	-340	-341
Cash Flow From Investing Activity ⓘ	-232	-116	-222	-347	-226	-15	-542	-977	-421	-469
Capex	-95	-165	-217	-65	-37	-75	-125	-381	-432	-279
Net Investments	-175	36	-32	-269	-223	52	-408	299	388	-43
Others ⓘ	39	12	27	-14	34	8	-8	-896	-377	-148
Cash Flow From Financing Activityⓘ	-66	-127	-58	-96	-160	-329	-144	182	-404	-594
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	161
Net Proceeds from Borrowing ⓘ	1	-1	0	0	0	0	0	428	-4	-223
Interest Paid ⓘ	0	0	0	-15	0	-6	-6	-12	-34	-29
Dividend Paid ⓘ	-56	-104	-48	0	-88	-115	-107	-199	-298	-408
Others ⓘ	-11	-21	-10	-80	-71	-208	-31	-35	-68	-94
Net Cash Flow ⓘ	14	11	6	-22	47	8	50	50	131	158

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	22.19	18.23	17.11	16.16	15.79	14.5	17.66	23	26.36	25.86
ROCE (%)	29.62	24.08	22.5	21.3	21.75	19.36	23.7	28.36	31.43	31.26
Asset Turnover Ratio	1.16	1.2	1.3	1.23	1.24	1.23	1.28	1.29	1.41	1.42
PAT to CFO Conversion(x)	1.07	0.92	0.95	1.3	1.23	1.04	1.63	1.22	1.04	1.12
Working Capital Days
Receivable Days	64	62	57	58	53	56	51	49	54	59
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

Persistent Systems Ltd Stock News

Persistent Systems Ltd FAQs

What is the share price of Persistent Systems?

Company share prices are keep on changing according to the market conditions. The closing price of Persistent Systems on 18-Nov-2024 16:59 is ₹5,646.

What is the market cap of Persistent Systems?

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 18-Nov-2024 16:59 the market cap of Persistent Systems stood at ₹88,020.3.

What is the P/E ratio of Persistent Systems?

The latest P/E ratio of Persistent Systems as of 18-Nov-2024 16:59 is 90.04.

What is the P/B ratio of Persistent Systems?

The latest P/B ratio of Persistent Systems as of 18-Nov-2024 16:59 is 16.07.

What is the 52-week high and low of Persistent Systems?

The 52-week high of Persistent Systems is ₹5,833.5 and the 52-week low is ₹3,120.

What is the TTM revenue of Persistent Systems?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Persistent Systems is ₹8,839 ( Cr.) .

About Persistent Systems Ltd

The company was incorporated as Persistent Systems Private Limited on May 30, 1990. The Company was subsequently converted into a public limited company on September 17, 2007 with the name Persistent Systems Limited and a new certificate of incorporation was issued on September 28, 2007 from the RoC.

It is an OPD specialty company, offering the customers the benefits of offshore delivery. It designs, develops and maintains software systems and solutions, creates new applications and enhances the functionality of the customers’ existing software products. It delivers services across all stages of the product life-cycle, which enables it to work with a wide-range of customers and allows it to develop, enhance and deploy its customers’ software products. It has been recognized as one of the leading technology companies in the Deloitte Touche Tohmatsu Technology Fast 500 Asia Pacific 2009.

The company is having depth of experience in the focused areas of telecommunications, life sciences and infrastructure and systems. It has invested and plans to continuously invest in new technologies and frameworks in the areas of cloud computing, analytics, enterprise collaboration and enterprise mobility. The company is an innovator and helps its customers to build innovative solutions. This was recognized when it won the 2008 NASSCOM Innovation Award. Its comprehensive suite of service offerings allows it to attract new customers and expand existing customer relationships.

Business area of the company

Persistent Systems is a global company specializing in software products, services and technology innovation. The company offers complete product life cycle services.

Products and services offered by the bank

Industry Expertise and Solutions
Banking, Financial Services & Insurance
Healthcare & Life Sciences
Industrial
Software & Hi-Tech

Service Lines

Digital Business Strategy
Digital Product Engineering
CX Innovation & Optimization
Data-Driven Business & Intelligence
Identity, Access & Privacy
Core IT Modernization

Awards and Recognition

2016-17

Recognized in ‘Leadership’ zone across all categories in ‘Zinnov Zones for Digital Services’
Named Appian Regional Partner of the Year, Americas, and Awarded “Best Use of Mobile” in Appian App Market Awards
On the India’s ‘Coding Power House’ in 2016 which is thrice in a row
Recognized for the strongest overall capabilities in Distributed Agile Delivery of Services by Ovum Decision Matrix
Recognized as Oracles’ North America Partner of the Year in Security
Recognized in Leadership one for ‘Software Platform Engineering Management’ and ‘Engineering Analytics Decision Sciences’ in ‘Zinnov Zones 2016 - IoT Technology Services’ Report
Got featured in Forbes India Magazine - “With an eye on the cloud, Persistent Systems continues to innovate”
Recognized at the Oracle Excellence Awards 2016 as a specialised partner for security
Recognized by the Association for Talent Development in the 2016 BEST Awards for demonstrating enterprise-wide success through talent development

2017-18

Recognized amongst the leading players in ‘Zinnov Zones 2017 - Digital Services’ Report
FM ‘XCELLENCE AWARDS 2016-17 Sanjay Chaudhari Ecological Sustainability Nilesh Datar Innovation & Technology
Best Enterprise Services Vendor Award
BG Deshmukh, IAS Award for Excellence in CSR
Training Top 125 (T125) International Award from Training Magazine
Recognized for IoT Technology competency in ‘Zinnov Zones 2017 - IoT Technology Services’ Report
‘Gold’ award for excellence within its Competition Class; Ranked 27th rank among Top 100 Communications Materials of 2017
‘Platinum’ rating in ‘The Asset Corporate Awards 2017’ for Excellence in Governance, CSR & Investor Relations
PETA India Compassionate Science Award 2018 for developing e-SkIN, a genomics software
Recognized in Leadership Zone in ‘Zinnov Zones 2017 - Product Engineering Services’ in the “Enterprise S/W” & “Consumer S/W” categories.

2018-19

Alconics award for Best Application of AI in Financial Services
IBM Innovation Award for Humanoid Concierge Solution Using Watson IoT
Recognized amongst the leading players in ‘Zinnov Zones for Digital Services - 2019’ Report
Recognized as an Innovator in Avasant’s Internet of Things Services RadarView Report
Positioned as ‘Rising Star’ for Salesforce Professional Services in ISG Provider Lens 2019 Report
Persistent Systems’ IoT Leadership Recognized in Zinnov Zones 2018 - IoT Technology Services Report
Positioned in the Leadership Zone in “Zinnov Zones 2018 - ER&D Services” for Enterprise Software and Consumer Software verticals
Recognized in the Winner’s Circle by HFS Blueprint Report for Software Product Engineering Services

2019-20

Persistent moves from ‘Rising Star’ to cross-category ‘Leader’ ISG Provider Lens 2020 for Salesforce Ecosystem Partners
7th consecutive year - Persistent in leadership positions in Zinnov Zones 2019 ER&D Services Report
Persistent Named a Top 15 Sourcing Standout by ISG in both Global and Americas Booming 15 Categories
Ecological Sustainability Award At iNFHRA’s Workplace Excellence Awards 2019-20
Best Corporate University Winner 7 times at TISS-Leap Vault Awards 2019
Persistent Systems Once Again Named to Constellation ShortList for Innovation Services and Engineering

Milestones

1990-92

Persistent is incorporated on May 30, 1990 and begins operations at Bhosari STP in Pune, India.
Persistent becomes the first company to become operational at STP in India; also the first company to export from STP India.
Persistent signs its first contract with GIP ALTAIR-02 Technology, France.
Microsoft becomes a Persistent client.
Persistent declares its first dividend, and has maintained the practice ever since.

1993-94

Kapilvastu, the first owned development centre of Persistent, becomes operational.
Persistent receives the Export Achievement Award
Revenue crosses Rs 5 million.
Hewlett-Packard becomes a Persistent client.

1995-96

Persistent announces its first bonus issue (15:1).
Persistent takes over Intrix Systems Pvt. Ltd., a 100% subsidiary of Intrix Systems Group, USA

1997-98

Persistent is rated among 15 emerging companies in a special issue of DataQuest.
Persistent is awarded first prize from the Government of Maharashtra (Small Scale Division) for export performance.
Persistent begins operations at Panini, owned premises in Pune, India.

1999-2000

Persistent introduces ESOPs.
Team Persistent is now 100.
Persistent gets investment from Intel’s 64 Fund.
Persistent forms Persistent eBusiness Solutions Private Limited in India.

2001-02

Persistent sets up Persistent Systems, Inc., a C-Corporation in California, USA
Revenue crosses Rs 500 million.
Persistent inaugurates its state-of-the-art development centre Bhageerath in Pune.
Persistent announces its second bonus issue (9:1).

2003-04

Team Persistent is now 500.
Persistent acquires land at the Hinjawadi IT Park in Pune, India. Persistent opens an office in the UK.
Persistent opens a development center in Nagpur, India

2005-06

Persistent begins operations at Aryabhata-Pingala, newly built office in Pune, India
Persistent acquires Goabased ControlNet Private Limited and sets it up as a development center.
Persistent receives joint investment by Norwest Venture Partners (NVP) and Gabriel Venture Partners (GVP).

2007-09

Persistent forms Persistent Systems Pte. Ltd. in Singapore.
Persistent opens an office in Rotterdam, The Netherlands.
Persistent announces its third bonus issue (5:2).
Persistent wins NASSCOM Innovation Award 2008 for a solution developed for Bridgestone Europe
Persistent opens an office in Quebec, Canada.
Persistent forms Persistent Foundation, a public charitable trust.

2010

Persistent completes its Initial Public Offering.
Persistent takes over a software business unit from Agilent Technologies, France.

2011

Persistent acquires Openwave's location business.
Persistent forms Persistent Systems France S.A.S., and opens an office in Grenoble, France.

2012

Persistent acquires the innovative cloud platform business from Doyenz, Inc.
Persistent's Hinjawadi office - RigvedaYajurveda-SamavedaAtharvaveda - is inaugurated.
Persistent opens an office in Australia.

2013

Persistent forms Persistent Systems Malaysia Sdn. Bhd. in Kuala Lumpur, Malaysia.
Persistent opens its Collaborative Software Development Center in Dublin, Ohio

2014

Persistent creates Accelerite to take products and solutions to market
The Persistent Venture Fund is formed.
Persistent opens offices in Germany and South Africa.

2015

Persistent forms a Research and Innovation Board.
Persistent launches Persistent Computing Institute.
Persistent announces its fourth bonus issue (1:1).

2016

Persistent extends Salesforce Health Cloud to support patient and provider engagement and interaction.
Persistent launches specialized engineering services for the IBM Watson IoT Platform.
Business Today places Dr. Anand Deshpande on India’s Best CEOs List.
Persistent acquires Australia’s PRM Cloud Solutions.

2017

HfS Report attests to Persistent’s growing momentum in the Salesforce ecosystem.
Persistent acquires PARX - a Platinum Salesforce Consulting Partner in the DACH market.

2018

Persistent acquires Herald Health, a startup transforming healthcare data overload into clear and actionable insights.
Persistent is recognized in the Winner’s Circle by HFS Blueprint Report for Software Product Engineering Services.

2019

Persistent appoints Christopher O’Connor as Executive Director and CEO.
Persistent appoints Sandeep Kalra as Executive Director and President of Technology Services.

2020