Persistent Systems Limited

Persistent Systems Limited (PERSISTENT) is a mid-cap Information Technology company valued at ₹90,264 crore operating in Computers - Software & Consulting on the NSE and BSE.

Recent price move

Persistent Systems Limited last traded at ₹5,741, modestly down 1.70% on the day.

Recent developments

On 2026-10-06, Persistent Systems' shareholders approved a plan to raise up to ₹11,800 crore through debt and equity-linked instruments. On 2026-10-09, the company secured an additional 10.79% stake in Nagarro SE, raising its total shareholding to 94.04%. On 2026-10-10, Persistent Systems gained the right to squeeze out existing Nagarro shareholders, moving closer to completing a full takeover of the German IT firm.

Financial performance

Persistent Systems' business is growing, with annual revenue up 23.5% and net profit up 33.2% year-over-year. The latest quarter saw revenue rise 29.1% and net profit grow 13.7% compared to the same quarter a year earlier. The net profit margin improved by 0.9 percentage points to 12.6%, while return on equity and return on capital employed remained strong at 23.8% and 29.9%, respectively.

Valuation multiples

The stock trades at 48.0 times earnings, a premium to the Information Technology median of 20.7, 11.07 times book value. It yields 0.7%.

Things to watch

The stock is 12.6% below its 52-week high. Domestic institutional holding increased by 1.72 percentage points in the quarter, but promoter holding remains at 30.29%. The company has a low debt-to-equity ratio of 0.06, indicating minimal leverage, but the price is significantly lower than its recent peak.

Where it stands

Persistent Systems is experiencing strong growth, with revenue and profit rising at double-digit rates over both three and five years. The company's recent takeover of Nagarro and approval of a major fundraising plan highlight its strategic focus. The stock is currently 12.6% below its 52-week high, reflecting a notable distance from its recent peak.

Summarised by DocStoX's model on 2026-10-10 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.