Persistent Systems Ltd Share Price

Q: What is the share price of Persistent Systems Ltd today?

Persistent Systems Ltd share price as on 22 Jan 2025 is ₹5699.7

Computers - Software - Large

NSE: PERSISTENT Mid Cap ISIN: INE262H01021

As on 22 January 2025 at 14:59 IST

₹5,699.70

-197.00

(-3.34%)

Sell Buy

About Persistent Systems Ltd

Persistent Systems Ltd is an Indian multinational technology services company. The company specializes in digital engineering and enterprise modernization. It was founded in 1990. The company has many years of experience and is headquartered in Pune, Maharashtra. It is led by Dr. Anand Deshpande. Persistent Systems offers cloud computing solutions and Internet of Things (IoT) services. It also offers big data analytics, endpoint security, and software product engineering services. The company has significantly impacted the IT services sector. It has driven innovation and sustainability in the sector. It has also achieved client success. Read More...

Over 1 Month

-7.91%

Over 6 Months

23.91%

Over 1 Year

42.87%

Over 3 Years

174.16%

Persistent Systems Ltd Summary

Close ₹ 5,699.70

Open ₹ 5,750

High ₹ 5,872.50

Low ₹ 5,445

Volume 9,87,579

Net Turnover (in ₹) ₹ 1,68,06,31,913.15

52Wk High ₹ 6,788.90

52Wk Low ₹ 3,232.05

52Wk High / Low

3,232.05

6,788.90

Persistent Systems Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 91,900.07

EPS (TTM) 62.73

Book Value (BV) 351.43

Div. Yield 0.44 %

P/E (TTM) 93.99

Price/Book Value 16.78

Delivery % 45.99 %

Face Value 5

Key Ratios

PE Ratio 62.35

PB Ratio 12.86

EV to Sales 9.36

PEG Ratio 2.64

ROA 19.77

ROE 22.61

Debt-Equity 0.04

Net Profit Margin 15.13

Operating Profit Margin 22.96

Persistent Systems Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	9,949.61	8,421.21	5,854.70	4,295.66	3,698.18
Total Expenses	8,502	7,150.70	4,930.42	3,686.22	3,245.84
Profit Before Tax	1,447.61	1,240.85	924.28	609.44	452.34
Profit After Tax	1,093.49	921.09	690.39	450.68	340.29
Operating Profit after Depreciation	1,494.33	1,317.85	936.11	615.24	458.67

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	2,221.47	2,341.33	1,533.57	456.94	445.25
Total Non Current Assets	3,250.43	3,226.47	2,580.17	995.21	1,106.61
Total Current Assets	4,123.19	3,446.61	2,838.93	2,670.31	1,985.56
TOTAL ASSETS	7,373.62	6,673.08	5,419.10	3,665.52	3,092.17
Total Shareholder's Fund	4,957.71	3,965.08	3,368.22	2,795.67	2,385.76

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	1,221.31	955.76	844.99	735.93	351.59
Net Cash used in Investing Activities	-432.10	-382.60	-971.41	-539.73	-6.43
Net Cash used in Financing Activities	-593.70	-403.95	182.29	-144.26	-329.10

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	6,678.70	5,191.42	3,707.94	2,597.22	2,268.03
Total Expenses	5,362.17	4,111.50	2,795.88	1,929.20	1,735.12
Profit Before Tax	1,316.53	1,050.27	912.06	668.02	532.91
Profit After Tax	985.66	791.13	685.87	505.09	407.72
Operating Profit after Depreciation	1,333.51	1,093.02	918.94	671.84	537.36

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	604.26	688.19	418.60	275.65	250.23
Total Non Current Assets	2,553.43	2,411.44	1,898.69	1,139.18	1,205.97
Total Current Assets	3,498.58	2,487.36	2,052.16	2,136.10	1,455.60
TOTAL ASSETS	6,052	4,898.80	3,950.84	3,275.28	2,661.57
Total Shareholder's Fund	4,778.65	3,941.65	3,318.89	2,765.52	2,298.54

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	570.81	519.83	585.87	656.80	276.30
Net Cash used in Investing Activities	-44.75	-106.90	-392.64	-496.10	41.48
Net Cash used in Financing Activities	-323.83	-345.65	-223.14	-127.69	-321.02

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	2,897.15	2,737.17	2,590.53	2,498.22	2,411.67
Total Expenses	2,416.42	2,281.95	2,136.16	2,056.38	2,006.51
Profit Before Tax	434.52	400.55	395.49	389.31	355.76
Profit After Tax	325	306.42	315.32	286.13	263.27
Operating Profit after Depreciation	527.25	485.86	485.15	480.15	442.44

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	2,847.41	2,691.40	1,630.90	1,669.41	1,669.37
Total Expenses	2,434.11	2,370.92	1,364.21	1,315.24	1,296.36
Profit Before Tax	409.07	340.29	256.41	348.13	388.96
Profit After Tax	285.96	247.94	183.96	259.77	298.39
Operating Profit after Depreciation	463.25	383.61	301.87	393.80	433.74

Persistent Systems Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 5,804.35

S2 5,712

S3 5,542.30

Pivot 5,974.05

R1 6,066.40

R2 6,236.10

R3 6,328.45

Moving Average

20 SMA 6,247.47

50 SMA 6,138.85

100 SMA 5,763.57

200 SMA 4,937.33

Persistent Systems Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Persistent Systems Ltd

₹10/Share

Announcement Date 09 Jul 2024

Record Date 10 Jul 2024

Div Yield 200%

AGM Date: 19 Jul 2022

In terms of Regulation 30 and any other applicable regulations, if any of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the 32nd Annual General Meeting (AGM) of the Members of the Company will be held on Tuesday, July 19, 2022 at Persistent Systems Limited, Dewang Mehta Auditorium, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, India, in-Person and through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The Notice convening the 32nd AGM will be sent to the Stock Exchanges in due course. The Register of Members and Share Transfer Books of the Company will remain closed from Wednesday, July 13, 2022, to Tuesday, July 19, 2022 (both days inclusive), for the purpose of AGM. Further, the cut-off date to record the entitlement of members to cast their votes for the businesses to be transacted at the ensuing 32nd AGM of the Company is fixed as Tuesday, July 12, 2022. The 32nd Annual General Meeting of the Company is scheduled to be held on Tuesday, July 19, 2022, at 1600 Hrs. (India time) at Persistent Systems Limited, Dewang Mehta Auditorium, 'Bhageerath', 402 Senapati Bapat Road, Pune 411 016, India, in-Person and through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) at the Members' best convenience In terms of Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Annual Report 2021-22. Today, the Company, through the electronic mode has initiated the process to send the Annual Report along with the Notice of the 32nd Annual General Meeting to be held on July 19, 2022; to those Members whose name was recorded in the Register of Members or in the Register of Beneficial Owners maintained by the Depositories as of Friday, June 17, 2022. (As Per BSE Announcement dated on 24.06.2022) Persistent Systems Limited circulated its 32nd Annual Report 2021-22 on June 24, 2022. In Part A of Annexure C to the Report of the Directors appearing on pages 99 and 100 of the Annual Report, while determining the median remuneration of employees, the interns who are undergoing an internship with the Company were erroneously included. Due to this error, under Note 2 of Part A, the median remuneration of employees of the Company was inadvertently disclosed as ? 714,812 whereas the number without considering the interns is ? 1,259,004. Further, under Note 4, it was stated that the median remuneration showed a decrease of 35% in FY 2021- 22, whereas it has actually increased by 14.5%. The correction in median remuneration has an effect on the ratio of remuneration of directors and key managerial personnel to the median remuneration of employees. Therefore, the said disclosure under Part A of Annexure C to the Report of the Directors is being amended and corrected by this Errata. (As Per BSE Announcement dated on 12.07.2022) Pursuant to Regulation 30 read with Schedule Ill (Part A)(13) and any other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the 32nd Annual General Meeting (AGM) of the Company was held on Tuesday, July 19, 2022, at Persistent Systems Limited, Dewang Mehta Auditorium, 'Bhageerath', 402 Senapati Bapat Road, Pune 411 016, India in-person and through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) to transact the business, as set out in the Notice of the AGM. The meeting commenced at 4:00 PM (IST) and concluded at 6:20 PM (IST) (including the time allowed for e-voting at AGM). We refer to our above-referred intimation pursuant to Regulations 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 where the Company had informed about the retirement of Mr. Thomas Kendra (DIN: 07406678), as a Non-Executive Non-Independent Director of the Company. Further, in terms of Regulation 30 and any other applicable regulations, if any of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Mr. Kendra retired from the Board of the Company at the conclusion of the 32nd AGM held today, July 19, 2022. In terms of Regulation 30 and any other applicable regulations, if any of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Mr. Pradeep Bhargava (DIN: 00525234) Independent Director of the Company, retired at the conclusion of the 32nd AGM of the Company held on July 19, 2022. The re-appointment of Mr. Bhargava for the second term was made at the 29th AGM held in July 2019 for a period of 3 years for a term up to the conclusion of the 32nd AGM. Accordingly, he retired at the conclusion of the 32nd AGM. We refer to our above-referred intimation pursuant to Regulations 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 where the Company had informed about the resignation of Mr. Guy Eiferman, Independent Director (DIN: 08101854) from the Board of the Company. Further, in terms of Regulation 30 and any other applicable regulations, if any of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Mr. Eiferman has ceased to be the Director of the Company from the conclusion of the 32nd AGM of the Company held today, July 19, 2022. (As Per BSE Announcement dated on 19.07.2022) With reference to our abovementioned letter dated July 19, 2022, we wish to inform you that the Company through an e-mail on Thursday, July 21, 2022, at 1249 Hrs (IST) has received the report on the remote e-voting, e-voting conducted at the time of the AGM and voting through ballot paper from M/s. SVD & Associates, Practicing Company Secretaries, the Scrutinizers. The said Report is attached as Annexure. With reference to our abovementioned letters, Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the Circular issued by the SEBI dated November 4, 2015, please find attached the detailed report on the votes cast by the Members through remote e-voting, e-voting conducted at the time of the AGM and voting through ballot paper as Annexure 1. Persistent Systems Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here (As Per BSE Announcement Dated 21.07.2022)

AGM Date: 18 Jul 2023

AGM 18/07/2023 In terms of Regulation 30 and any other applicable regulations, if any of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the 33rd Annual General Meeting (AGM) of the Members of the Company will be held on Tuesday, July 18, 2023, at the Registered Office of the Company, in-Person and through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The Notice convening the 33rd AGM will be submitted to the Stock Exchanges in due course. The Register of Members and Share Transfer Books of the Company will remain closed from Wednesday, July 12, 2023, to Tuesday, July 18, 2023 (both days inclusive), for the purpose of AGM. Further, in terms of Section 108 of the Companies Act, 2013 and the Companies (Management and Administration) Rules, 2014, the cut-off date to record the entitlement of Members to cast their votes for the businesses to be transacted at the ensuing 33rd AGM of the Company is fixed as Tuesday, July 11, 2023. We refer to our letter bearing Ref. No. NSE & BSE / 2023-24 / 55 dated June 19, 2023 to your office wherein we informed that the 33rd Annual General Meeting ('AGM') will be held on Tuesday, July 18, 2023. In continuation of the same and in terms of Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Notice of the 33rd AGM of the Company. Today, the Company has initiated the process to send the Notice through electronic mode to those Members whose name was recorded in the Register of Members or in the Register of Beneficial Owners maintained by the Depositories as of Friday, June 16, 2023. The Company has uploaded the AGM Notice on its website at: agm-notice-2023.pdf (persistent.com) We request you to take the same on your records. (As Per BSE Announcement dated on 21.06.2023) Further to our above-mentioned letter to your office wherein we had informed that the 33rd Annual General Meeting (''AGM'') will be held on Tuesday, July 18, 2023, we attach herewith an ''Addendum'' to the Notice of Annual General Meeting (''AGM'') which is self-explanatory. Today, the Company has initiated the process to send the said ''Addendum'' through electronic mode to those Members whose name was recorded in the Register of Members or in the Register of Beneficial Owners maintained by the Depositories as of Friday, June 16, 2023. Pursuant to Circular No. 10/2022 dated December 28, 2022, issued by the Ministry of Corporate Affairs, the requirements of sending a physical copy of the Addendum to the Notice of the AGM to the members have been dispensed. The Company has uploaded the Addendum on its Website. We request you to take the same on your records. (As per BSE Announcement Dated on 06/07/2023) Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and all other applicable regulations, if any, we enclose the copies of Newspaper Advertisements titled ''Addendum to the NOTICE of the THIRTY-THIRD Annual General Meeting of the Members of Persistent Systems Limited, to be held on Tuesday, July 18, 2023 at 1600 Hrs (India Time) at Persistent Systems Limited, Dewang Mehta Auditorium, ''Bhageerath'', 402, Senapati Bapat Road, Pune 411016, India, in person or through Video Conferencing (VC)/Other Audio Visual Means(OAVM), published on July 7, 2023, in Financial Express (English - All Editions) and Loksatta (Marathi- Pune Edition) (As per BSE Announcement Dated on 07/07/2023) Proceedings of the 33rd Annual General Meeting held on Tuesday, July 18, 2023, at Persistent Systems Limited, Dewang Mehta Auditorium, ''Bhageerath'' 402, Senapati Bapat Road, Pune 411016, India, in person and through Video Conferencing/OAVM to transact the businesses as set out in the attached letter. The meeting commenced at 4:00 PM (IST) and concluded at 05:56 PM (IST) (including the time allowed for e-voting at AGM. For the said AGM, the following 3 options were provided by the Company to the Members to cast their votes: (i) Remote e-voting through NSDL from Saturday, July 15, 2023, at 12:01 AM (IST) to Monday, July 17, 2023, till 05:00 PM (IST) (ii) Physical Ballot Paper voting at the AGM; (iii) E-voting at the time of the AGM till 05:56 PM (IST). The scrutinizer will submit the consolidated report for the aforesaid voting by Thursday, July 20, 2023. (As Per BSE Announcement dated on 18.07.2023) Pursuant to Regulation 44(3), of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, read with the Circular issued by the SEBI dated November 4, 2015, please find attached the detailed report on the votes casted by the Members through remote e-voting, e-voting conducted at the time of the AGM and voting through ballot paper. (As per BSE Announcement Dated on 20/07/2023)

AGM Date: 16 Jul 2024

We wish to inform you that the 34th AGM of the Company will be held on Tuesday, July 16, 2024, at 1600 Hrs. IST at the Registered Office of the Company in-person and through VC/OAVM mode. The Notice of the 34th AGM will be submitted in due course. The outcome of the 34th AGM of the Company is as enclosed. (As Per BSE Announcement Dated on: 16/07/2024) The Scrutinizer''s Report for the 34th Annual General Meeting is as enclosed. (As per BSE Announcement Dated on 18/07/2024)

Persistent Systems Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Persistent Systems Ltd	₹5,895.85	₹91,886.82
Tata Consultancy Services Ltd	₹4,034.35	₹14,59,663.14
Infosys Ltd	₹1,799.80	₹7,47,325.41
HCL Technologies Ltd	₹1,801.70	₹4,88,921.04
Wipro Ltd	₹298.30	₹3,12,315.22
LTIMindtree Ltd	₹5,756.05	₹1,70,543.44

Persistent Systems Ltd News

Persistent Systems receives ratings action from ICRA

21 Jan 2025, 01:06 pm

Persistent Systems launches an AI-driven contract management solution 'ContractAssIst'

15 Jan 2025, 04:05 pm

Persistent Systems launches Pi-OmniKG with Google Cloud

09 Jan 2025, 12:20 pm

Persistent Systems to declare Quarterly Result

On 22 January 2025

09 Jan 2025, 10:22 am

Persistent Systems to acquire assets from Soho Dragon Solutions India

06 Jan 2025, 07:43 pm

Persistent Systems Ltd Stock Analysis

Annual revenue for Persistent Systems Ltd increased by 28.65% to ₹6,678.70 crore in FY 2024 from ₹5,191.42 crore in FY 2023.
Annual Net Profit for Persistent Systems Ltd increased by 24.59% to ₹985.66 crore in FY 2024 from ₹791.13 crore in FY 2023.
Promoter Shareholding in Persistent Systems Ltd remains unchanged by 0.00% in the most recent quarter, from 30.66% in September 2024 to 30.66% in December 2024.
Persistent Systems Ltd delivered a 1-year return of 42.87% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
Persistent Systems Ltd share price moved down by 3.34% from its previous close of INR ₹5,896.70. The latest Persistent Systems Ltd share price is INR ₹5,699.70.
Persistent Systems Ltd share price today has been at a low of 5,445 and a high of 5,872.50. Over the past 52 weeks, the Persistent Systems Ltd share price has seen a low of 3,232.05 and a high of 6,788.90.

About Persistent Systems Ltd

Persistent Systems Ltd was founded in 1990. It is a notable Indian multinational technology services company. It is headquartered in Pune, Maharashtra. Persistent Systems offers a wide range of digital engineering and enterprise modernization services. The company has been a significant player in the Information Technology (IT) Services sector for many years.

The company was founded by Dr. Anand Deshpande, who continues to be a major promoter along with other key management personnel. Persistent Systems' main products and services include cloud computing solutions and Internet of Things (IoT) services. It also includes software product engineering, endpoint security and big data analytics. These offerings have positioned the company as a reliable partner for businesses seeking to navigate the complexities of the digital scene.

Persistent Systems is a noteworthy player in the IT services sector. Its consistent performance and strategic initiatives have made it a trusted name in the industry. Persistent Systems holds a significant position in the market.

Promoter shareholding is substantial, with Dr Anand Deshpande and other promoters retaining significant stakes in the company. The exact percentage of the promoters’ stake is 31.02% in the company.
Here are the top promoters of the company:

Anand Deshpande
Sandeep Kalra
Sunil Sapre
Roshini Bakshi
Praveen Kadle

The registered office of Persistent Systems is located in Pune, Maharashtra. The company’s registrar is Link Intime India Pvt. Ltd. With a commitment to innovation and excellence, Persistent Systems continues to play a vital role in the IT services sector.

Influence of the Company

Persistent Systems Ltd has made a significant impact on the global technology landscape since its start in 1990. It is a trusted partner for digital engineering and enterprise modernization. Persistent Systems has helped numerous global market leaders across various industries navigate the complexities of the digital age. The company has expertise in cloud computing and the Internet of Things (IoT). It also deals in big data analytics, software product engineering and endpoint security. This has positioned it as a key player in the Information Technology (IT) Services sector.

One of the most notable influences of Persistent Systems is its commitment to innovation and client success. It has collaborated with clients to rethink and adapt their businesses. Persistent Systems has enabled organisations to remain competitive in turbulent markets. This approach has driven growth for its clients and contributed to the company's own resilience and success. Persistent Systems' expanded leadership team and efficient processes have further fortified its operations. This has allowed it to respond quickly to industry and macroeconomic challenges.

The company's influence extends beyond its services and solutions. Persistent Systems has achieved carbon neutrality for its Scope 1 and Scope 2 emissions. It demonstrates its commitment to sustainability and environmental responsibility. This milestone is verified by DNV Business Assurance. It showcases the company's dedication to reducing its carbon footprint and contributing to a greener future.

Persistent Systems' influence is also evident in its financial performance. With 16 quarters of sequential growth, the company has consistently delivered positive outcomes for its investors. Its resilience and ability to outperform competitors have earned it industry recognition. The company has a strong reputation in the market.

Persistent Systems Ltd has been instrumental in fostering a culture of continuous learning and development. The company has established various programs and initiatives to upskill its workforce. This has ensured that employees are well-equipped to tackle the evolving challenges of the technology sector. This focus on talent development has not only enhanced employee satisfaction and retention. However, this has positioned Persistent Systems as a desirable workplace within the IT sector.

Persistent Systems also places a strong emphasis on corporate social responsibility (CSR). The company actively engages in community development programs and educational initiatives. It also engages in environmental sustainability projects. By investing in these areas, Persistent Systems aims to contribute to the holistic development of society. This has helped it create a positive impact beyond its business operations.

Furthermore, Persistent Systems has been a pioneer in leveraging emerging technologies to drive innovation. The company collaborates with leading technology partners and clients to co-create cutting-edge solutions. These solutions address complex business problems. This collaborative approach has enabled Persistent Systems to stay ahead of the curve. It has also helped them maintain their competitive edge in the market.

Persistent Systems also excels in forming strategic partnerships with industry leaders. These collaborations enable the company to co-develop innovative solutions that cater to diverse business needs. Additionally, it has a proactive approach to adopting emerging technologies. This ensures that Persistent Systems remains at the forefront of the industry. It is continuously driving technological advancements.

Persistent Systems Ltd's influence on the technology sector is multifaceted. It has a specific focus on its innovative solutions and commitment to client success. Their services also emphasise sustainability efforts and strong financial performance. The company has made a lasting impact on the industry. It continues to drive growth and transformation for its clients and stakeholders.