PERSISTENT

Persistent Systems Limited

Digital engineering and IT services — software product development, data and cloud

Information Technology›Information Technology›IT - Software›Computers - Software & Consulting

persistent.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹5741.00
Market cap
90,564 Cr
Stock P/E
50.2
P/B
10.54
Dividend yield
0.6%
ROE (FY26)
23.8%
ROCE (FY26)
31.7%
Operating margin (FY26)
16.2%
Debt / equity (FY26)
0.00
OCF / EBITDA (FY26)
63.2%
OCF / EBITDA (3Y)
63.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Persistent Systems provides IT and software services to enterprise clients, mainly in banking, financial services and insurance, healthcare and life sciences, and software, hi-tech and emerging industries.

Company snapshot

7thBy market cap

Ranked among 50 companies in Computers - Software & Consulting.

Segment mix

Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 40.7% of revenue

SegmentRevenue shareRevenuePBTAssets
Banking, Financial Services and Insurance (BFSI)
31.5%
912 Cr339 Cr768 Cr
Healthcare & Life Sciences
27.8%
807 Cr311 Cr650 Cr
Software, Hi-Tech and Emerging Industries
40.7%
1,179 Cr323 Cr1,561 Cr

What we see

Positives
  • ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
3 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Sales2,498 Cr2,591 Cr2,737 Cr2,897 Cr3,062 Cr3,242 Cr3,334 Cr3,581 Cr3,778 Cr4,056 Cr4,303 Cr4,664 Cr
Operating expenses (approx.)2,056 Cr2,136 Cr2,282 Cr2,416 Cr2,524 Cr2,658 Cr2,722 Cr2,898 Cr3,045 Cr3,288 Cr3,606 Cr4,030 Cr
EBITDA442 Cr454 Cr455 Cr481 Cr538 Cr584 Cr612 Cr683 Cr733 Cr768 Cr697 Cr633 Cr
OPM %17.7%17.5%16.6%16.6%17.6%18.0%18.3%19.1%19.4%18.9%16.2%13.6%
Other income38 Cr31 Cr31 Cr47 Cr43 Cr18 Cr55 Cr52 Cr40 Cr33 Cr71 Cr24 Cr
Interest12 Cr10 Cr14 Cr18 Cr16 Cr18 Cr17 Cr18 Cr19 Cr19 Cr29 Cr38 Cr
Depreciation79 Cr80 Cr71 Cr74 Cr82 Cr79 Cr94 Cr100 Cr101 Cr109 Cr115 Cr167 Cr
Profit before tax389 Cr395 Cr401 Cr435 Cr482 Cr505 Cr555 Cr617 Cr565 Cr674 Cr623 Cr454 Cr
Tax %26.5%20.3%23.5%25.2%22.6%21.7%23.5%23.6%22.2%21.5%22.5%22.5%
Net profit286 Cr315 Cr306 Cr325 Cr373 Cr396 Cr425 Cr471 Cr439 Cr529 Cr483 Cr352 Cr
EPS (₹)₹37.83₹20.73₹20.09₹21.19₹24.28₹25.64₹27.43₹30.31₹28.15₹33.83₹30.88₹22.42

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,878 Cr3,034 Cr3,366 Cr3,566 Cr4,188 Cr5,711 Cr8,351 Cr9,822 Cr11,939 Cr14,748 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,413 Cr2,565 Cr2,810 Cr3,074 Cr3,505 Cr4,753 Cr6,831 Cr8,146 Cr9,881 Cr11,953 CrSign in free for the trailing twelve months
EBITDA465 Cr469 Cr556 Cr492 Cr683 Cr958 Cr1,519 Cr1,676 Cr2,058 Cr2,795 CrSign in free for the trailing twelve months
OPM %16.2%15.5%16.5%13.8%16.3%16.8%18.2%17.1%17.2%19.0%Sign in free for the trailing twelve months
Other income96 Cr119 Cr88 Cr132 Cr108 Cr144 Cr71 Cr128 Cr138 Cr180 CrSign in free for the trailing twelve months
Interest0.09 Cr0.08 Cr0.30 Cr6 Cr6 Cr12 Cr47 Cr47 Cr67 Cr73 CrSign in free for the trailing twelve months
Depreciation149 Cr158 Cr157 Cr166 Cr176 Cr166 Cr272 Cr309 Cr307 Cr403 CrSign in free for the trailing twelve months
Profit before tax401 Cr429 Cr486 Cr452 Cr609 Cr924 Cr1,241 Cr1,448 Cr1,822 Cr2,411 CrSign in free for the trailing twelve months
Tax %24.8%24.7%27.7%24.8%26.1%25.3%25.8%24.5%23.2%22.6%Sign in free for the trailing twelve months
Net profit301 Cr323 Cr352 Cr340 Cr451 Cr690 Cr921 Cr1,093 Cr1,400 Cr1,865 CrSign in free for the trailing twelve months
EPS (₹)₹37.68₹40.39₹43.99₹44.38₹58.97₹90.34₹123.73₹72.44₹91.22₹119.74Sign in free for the trailing twelve months
Dividend payout %————23.7%28.8%32.4%37.3%32.9%31.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital80 Cr80 Cr79 Cr76 Cr76 Cr76 Cr76 Cr77 Cr78 Cr79 Cr
Reserves1,819 Cr2,047 Cr2,266 Cr2,309 Cr2,719 Cr3,292 Cr3,889 Cr4,881 Cr6,241 Cr7,759 Cr
Borrowings2 Cr2 Cr1 Cr5 Cr5 Cr433 Cr429 Cr207 Cr——
Other liabilities445 Cr530 Cr510 Cr701 Cr865 Cr1,613 Cr2,226 Cr2,209 Cr2,418 Cr3,539 Cr
Total liabilities2,346 Cr2,659 Cr2,856 Cr3,092 Cr3,666 Cr5,414 Cr6,619 Cr7,374 Cr8,737 Cr11,377 Cr
Fixed assets (net)277 Cr258 Cr233 Cr222 Cr240 Cr292 Cr486 Cr442 Cr815 Cr397 Cr
CWIP5 Cr0.77 Cr1 Cr17 Cr12 Cr107 Cr16 Cr34 Cr4 Cr11 Cr
Investments684 Cr880 Cr764 Cr979 Cr1,000 Cr822 Cr640 Cr827 Cr980 Cr2,162 Cr
Loans & advances——0.79 Cr1 Cr7 Cr2 Cr0 Cr0 Cr0 Cr0 Cr
Trade receivables475 Cr485 Cr492 Cr592 Cr571 Cr948 Cr1,570 Cr1,676 Cr1,848 Cr3,334 Cr
Cash & bank146 Cr134 Cr174 Cr190 Cr242 Cr298 Cr467 Cr663 Cr674 Cr1,075 Cr
Other assets759 Cr901 Cr1,190 Cr1,091 Cr1,594 Cr2,945 Cr3,440 Cr3,733 Cr4,415 Cr4,398 Cr
Total assets2,346 Cr2,659 Cr2,856 Cr3,092 Cr3,666 Cr5,414 Cr6,619 Cr7,374 Cr8,737 Cr11,377 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity286 Cr421 Cr432 Cr323 Cr736 Cr845 Cr956 Cr1,221 Cr1,157 Cr1,767 Cr
Cash from investing-222 Cr-347 Cr-226 Cr-15 Cr-539 Cr-971 Cr-421 Cr-469 Cr-434 Cr-610 Cr
Cash from financing-58 Cr-96 Cr-160 Cr-300 Cr-144 Cr182 Cr-404 Cr-559 Cr-628 Cr-748 Cr
Net cash flow6 Cr-22 Cr47 Cr8 Cr52 Cr56 Cr132 Cr196 Cr99 Cr401 Cr
Free cash flow (OCF − Capex)69 Cr356 Cr394 Cr247 Cr608 Cr460 Cr522 Cr937 Cr724 Cr1,767 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %21.1%20.2%20.7%19.2%22.0%24.6%29.3%28.9%29.9%31.7%
ROE %15.9%15.2%15.0%14.3%16.1%20.5%23.2%22.1%22.2%23.8%
Debtor days60585361506068625682
Inventory days——00000000
Days payable15201623242725302728
Cash conversion cycle45383738263344322954
OCF / EBITDA %61.5%89.9%77.7%65.6%107.7%88.2%62.9%72.9%56.2%63.2%
OCF / EBITDA % (3 years)——76.5%77.5%86.1%89.2%80.3%72.8%63.5%63.5%
Debt / equity0.00110.00080.00050.00210.00170.130.110.040.000.00
Current ratio3.363.623.903.073.471.991.801.912.362.43
Net debt / EBITDA-0.31-0.28-0.31-0.38-0.350.14-0.03-0.27-0.33-0.38