Persistent Systems is a leading provider of software engineering and strategy solutions, aiding companies in the implementation and modernization of their businesses. With a suite of proprietary software and frameworks featuring pre-built integration and acceleration capabilities, Persistent Systems empowers organizations to streamline operations and enhance efficiency. Through strategic partnerships with industry giants like Salesforce and AWS, the company ensures access to cutting-edge technologies and resources.
In this article, we delve into the comprehensive offerings and impactful strategies that define Persistent Systems’ role in shaping the future of business innovation.
About Persistent Systems
Persistent Systems offers a comprehensive range of digital engineering solutions tailored to meet the evolving needs of businesses across various sectors. From product and platform engineering to customer experience (CX) and design-led transformations, the company delivers cutting-edge services in cloud-enabled enterprise modernization, data and artificial intelligence, and intelligent automation. Its strong brand presence is evident in its rapid growth trajectory, making it the fastest-growing Indian IT services brand since 2020, with a remarkable 268% increase.
Notably, Persistent Systems is ranked 9th among Indian IT services companies and continues to solidify its position with a 52% growth in brand value compared to 2022. With a diverse client base spanning industries such as banking, financial services, insurance (BFSI), healthcare, and software development, the company maintains a balanced revenue mix across segments. Its global footprint extends to over 21 countries, including key markets in North America, Europe, and India. Persistent Systems’ revenue breakdown reflects a strong focus on technology services, with partnerships and accelerate products complementing its offerings, ensuring sustained growth and client satisfaction.
Below are the trading platforms that you can use to purchase Persistent Systems shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Persistent Systems Reports 20% Rise in Q3 Net Profit, Approves 2-for-1 Stock Split
Persistent Systems has announced a 20.2% increase in net profit to Rs 286.1 crore for Q3, driven by a robust order book. The board approved a 2-for-1 stock split and an interim dividend of Rs 32 per share. The company’s consolidated revenue rose by 15.2% year-on-year to Rs 2,498.2 crore. With a focus on improving margins, the EBITDA margin surged to 17.7%. Deal wins hit $521.4 million, marking a significant growth. CEO Sandeep Kalra highlighted a record-breaking quarter with revenue exceeding $300 million and TCV bookings surpassing $500 million.
| When | Maximum Price | Minimum Price |
| April 2024 | 4,316.76 | 3,753.70 |
| May 2024 | 4,252.97 | 3,698.23 |
| June 2024 | 4,406.07 | 3,831.37 |
| July 2024 | 4,362.01 | 3,793.05 |
| August 2024 | 4,536.49 | 3,944.78 |
| September 2024 | 4,717.95 | 4,102.57 |
| October 2024 | 4,625.44 | 4,022.12 |
| November 2024 | 4,764.21 | 4,142.79 |
| December 2024 | 4,883.31 | 4,246.36 |
Persistent Systems’ share price targets for 2024 indicate a bullish trend, with estimates ranging from a maximum of ₹4,883.31 to a minimum of ₹3,753.70 by December. The current price as of April 1st, 2024, stands at ₹3,997.
With a market capitalization of ₹61,568 Cr., the stock exhibits a high/low range of ₹4,490/₹1,980. Its P/E ratio is 59.8, reflecting investor confidence, while the book value per share is ₹287. The projected targets suggest growth potential, highlighting positive sentiments surrounding Persistent Systems’ performance in the coming months.
| When | Maximum Price | Minimum Price |
| January 2025 | 4,980.98 | 3,831.52 |
| February 2025 | 5,108.69 | 3,929.77 |
| March 2025 | 5,307.93 | 4,083.03 |
| April 2025 | 5,203.86 | 4,002.97 |
| May 2025 | 5,052.29 | 3,886.38 |
| June 2025 | 5,279.64 | 4,061.26 |
| July 2025 | 5,176.12 | 3,981.63 |
| August 2025 | 5,336.20 | 4,104.77 |
| September 2025 | 5,522.97 | 4,248.44 |
| October 2025 | 5,666.57 | 4,358.90 |
| November 2025 | 5,808.23 | 4,467.87 |
| December 2025 | 5,953.44 | 4,579.57 |
Persistent Systems’ share price targets for 2025 suggest a continued upward trajectory, with estimates ranging from a maximum of ₹5,953.44 to a minimum of ₹3,831.52 by December. The company’s strong client base of over 375 clients includes top global technology companies, major banks in the US and India, and leading players in healthcare and life sciences.
Notably, its order book remains robust, with an Annual Contract Value of USD 392.1 million for Q3FY24 and Total TTM ACV Bookings of USD 1,290.3 million. These factors indicate positive market sentiment and potential growth prospects for Persistent Systems in the coming year.
| When | Maximum Price | Minimum Price |
| January 2026 | 6,132.04 | 4,716.96 |
| February 2026 | 6,289.27 | 4,837.90 |
| March 2026 | 6,534.56 | 5,026.58 |
| April 2026 | 6,406.43 | 4,928.02 |
| May 2026 | 6,219.83 | 4,784.49 |
| June 2026 | 6,499.73 | 4,999.79 |
| July 2026 | 6,372.28 | 4,901.75 |
| August 2026 | 6,569.36 | 5,053.35 |
| September 2026 | 6,799.29 | 5,230.22 |
| October 2026 | 6,976.07 | 5,366.21 |
| November 2026 | 7,150.47 | 5,500.36 |
| December 2026 | 7,329.23 | 5,637.87 |
Persistent Systems’ share price targets for 2026 depict a promising outlook, with estimates ranging from a maximum of ₹7,329.23 to a minimum of ₹4,716.96 by December. The company’s robust infrastructure includes a built-up area of 128,368 m2, along with leased facilities across various countries.
Partnering with IT giants like AWS, IBM, Salesforce, and Microsoft, Persistent Systems boasts over 15,500 certifications, reinforcing its position in the industry. These factors, coupled with the upward trajectory of share price targets, indicate favorable prospects for growth and continued success in the coming year.
| When | Maximum Price | Minimum Price |
| January 2027 | 7,475.82 | 5,750.63 |
| February 2027 | 7,667.51 | 5,898.08 |
| March 2027 | 7,966.54 | 6,128.11 |
| April 2027 | 7,810.33 | 6,007.95 |
| May 2027 | 7,582.85 | 5,832.96 |
| June 2027 | 7,924.07 | 6,095.44 |
| July 2027 | 7,768.70 | 5,975.92 |
| August 2027 | 8,008.97 | 6,160.75 |
| September 2027 | 8,289.28 | 6,376.37 |
| October 2027 | 8,504.80 | 6,542.16 |
| November 2027 | 8,717.42 | 6,705.71 |
| December 2027 | 8,935.36 | 6,873.35 |
Persistent Systems’ share price targets for 2027 forecast a bullish trend, with estimates ranging from a maximum of ₹8,935.36 to a minimum of ₹5,750.63 by December. The addition of Dr. Ajit Ranade as an Independent Director in Q1FY24 brings valuable expertise, given his extensive 32-year experience as a noted economist.
The company’s robust portfolio includes 29 direct and indirect subsidiaries as of FY23, indicating diversified operations. These developments, coupled with the upward trajectory of share price targets, underscore Persistent Systems’ potential for sustained growth and market leadership in the upcoming year.
| When | Maximum Price | Minimum Price |
| January 2028 | 9,114.07 | 7,010.82 |
| February 2028 | 9,347.76 | 7,190.59 |
| March 2028 | 9,712.32 | 7,471.02 |
| April 2028 | 9,521.89 | 7,324.53 |
| May 2028 | 9,244.55 | 7,111.19 |
| June 2028 | 9,660.55 | 7,431.20 |
| July 2028 | 9,471.13 | 7,285.49 |
| August 2028 | 9,764.05 | 7,510.81 |
| September 2028 | 10,105.80 | 7,773.69 |
| October 2028 | 10,368.55 | 7,975.80 |
| November 2028 | 10,627.76 | 8,175.20 |
| December 2028 | 10,893.45 | 8,379.58 |
Persistent Systems’ share price targets for 2028 demonstrate a bullish trend, with estimates ranging from a maximum of ₹10,893.45 to a minimum of ₹7,010.82 by December. Noteworthy changes in subsidiaries include the formation of Persistent Systems Inc.’s subsidiary in Poland, enhancing the company’s global footprint.
However, subsidiaries like CAPIOT Software Pte. Ltd., Singapore, have been struck off, while SCI Fusion 360, LLC has been dissolved. These developments underscore Persistent Systems’ strategic adjustments to optimize its subsidiary portfolio. With projected share price targets indicating significant growth potential, the company continues to adapt and expand its operations to capitalize on emerging opportunities in the market.
| When | Maximum Price | Minimum Price |
| January 2029 | 11,111.32 | 8,547.17 |
| February 2029 | 11,396.23 | 8,766.33 |
| March 2029 | 11,840.68 | 9,108.22 |
| April 2029 | 11,608.51 | 8,929.62 |
| May 2029 | 11,270.40 | 8,669.54 |
| June 2029 | 11,777.57 | 9,059.67 |
| July 2029 | 11,546.63 | 8,882.03 |
| August 2029 | 11,903.75 | 9,156.73 |
| September 2029 | 12,320.38 | 9,477.21 |
| October 2029 | 12,640.71 | 9,723.62 |
| November 2029 | 12,956.73 | 9,966.71 |
| December 2029 | 13,280.64 | 10,215.88 |
- January 2029: ₹8,547.17(Minimum)
- December 2029: ₹13,280.64 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 13,546.26 | 10,420.20 |
| February 2030 | 13,893.60 | 10,687.38 |
| March 2030 | 14,435.45 | 11,104.19 |
| April 2030 | 14,152.40 | 10,886.46 |
| May 2030 | 13,740.19 | 10,569.38 |
| June 2030 | 14,358.50 | 11,045.00 |
| July 2030 | 14,076.96 | 10,828.43 |
| August 2030 | 14,512.33 | 11,163.33 |
| September 2030 | 15,020.26 | 11,554.05 |
| October 2030 | 15,410.79 | 11,854.45 |
| November 2030 | 15,796.06 | 12,150.82 |
| December 2030 | 16,190.96 | 12,454.59 |
- January 2030: ₹10,420.20 (Minimum)
- December 2030: ₹16,190.96 (Maximum)
Financial Condition Of Persistent Systems: Last 5 Years
| Financials | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 3,366 | 3,566 | 4,188 | 5,711 | 8,351 |
| Expenses (Rs. Crores) | 2,810 | 3,073 | 3,505 | 4,753 | 6,831 |
| Operating Profit (Rs. Crores) | 556 | 493 | 683 | 958 | 1,519 |
| Other Income (Rs. Crores) | 88 | 132 | 108 | 144 | 41 |
| Interest (Rs. Crores) | 0 | 6 | 6 | 12 | 47 |
| Depreciation (Rs. Crores) | 157 | 166 | 176 | 166 | 272 |
| Profit Before Tax (Rs. Crores) | 486 | 452 | 609 | 924 | 1,241 |
| Net Profit (Rs. Crores) | 352 | 340 | 451 | 690 | 921 |
| EPS (Rs.) | 21.98 | 22.26 | 29.48 | 45.15 | 60.24 |
| Dividend Payout (%) | 25% | 27% | 34% | 34% | 41% |
- Over the past five years, Persistent Systems has demonstrated robust financial performance, characterized by significant growth across key metrics.
- Sales have more than doubled, escalating from Rs. 3,366 crores in 2019 to Rs. 8,351 crores in 2023, representing a compounded growth rate of 22% over this period.
- Net profit has exhibited substantial growth, reaching Rs. 921 crores in 2023, reflecting a compounded growth rate of 25% over five years.
- The company’s earnings per share (EPS) have also witnessed impressive growth, showcasing strong profitability and shareholder value enhancement.
- Persistent Systems has maintained a consistent dividend payout ratio, underscoring its dedication to rewarding shareholders.
- The compounded sales growth over 10 years stands at 20%, while the compounded profit growth over the same period is 17%.
- The stock price has shown remarkable growth, with a compound annual growth rate (CAGR) of 66% over five years, indicative of investor confidence.
- Persistent Systems has consistently delivered healthy returns on equity, with a last year ROE of 25%, demonstrating efficient utilization of shareholder funds.
FAQs
What is Persistent Systems’ current market capitalization?
The current market capitalization of Persistent Systems is approximately ₹61,568 crores.
The current share price target for Persistent Systems ranges from a minimum of ₹3,753.70 to a maximum of ₹4,883.31.
The projected share price target for Persistent Systems in 2025 ranges from a minimum of ₹3,831.52 to a maximum of ₹5,953.44.
The expected share price target for Persistent Systems in 2030 ranges from a minimum of ₹10,420.20 to a maximum of ₹16,190.96.
What is Persistent Systems’ current price-to-earnings (P/E) ratio?
The current P/E ratio of Persistent Systems is 59.8.
What is the dividend payout ratio of Persistent Systems?
The dividend payout ratio of Persistent Systems is 41%.
What is the compounded sales growth rate of Persistent Systems over the last 3 years?
The compounded sales growth rate of Persistent Systems over the last 3 years is 33%.
What is the return on equity (ROE) for Persistent Systems in the last year?
The return on equity (ROE) for Persistent Systems in the last year is 25%.
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Strategic Growth and Innovation: A Conclusion on Persistent Systems
In conclusion, Persistent Systems emerges as a formidable player in the realm of software engineering and strategic solutions, serving a wide spectrum of industries with innovative offerings. Its strategic collaborations with industry giants such as Salesforce and AWS, coupled with a diverse client base, underpin its position as a leader in business modernization. The company’s robust financial performance, characterized by a commendable 24.6% CAGR in profit growth over the past five years and a consistent dividend payout ratio of 36.6%, reflects its commitment to delivering shareholder value.
Despite the stock trading at a premium of 13.9 times its book value, Persistent Systems’ solid fundamentals and projected share price targets signal promising growth prospects. With a strong brand presence and a track record of sustained growth, bolstered by a compounded sales growth rate of 22% over five years, the company is poised for continued success. As it navigates evolving market dynamics and expands its global footprint, Persistent Systems remains primed to shape the future of business innovation and maintain its position at the forefront of the industry.
What did we learn?
- 1 About Persistent Systems
- 2 How to Purchase Persistent Systems Shares?
- 3 Persistent Systems Reports 20% Rise in Q3 Net Profit, Approves 2-for-1 Stock Split
- 4 Persistent Systems Share Price Prediction 2024 – 2030
- 4.1 Persistent Systems Share Price Target 2024
- 4.2 Persistent Systems Share Price Target 2025
- 4.3 Persistent Systems Share Price Target 2026
- 4.4 Persistent Systems Share Price Target 2027
- 4.5 Persistent Systems Share Price Target 2028
- 4.6 Persistent Systems Share Price Target 2029
- 4.7 Persistent Systems Share Price Target 2030
- 5 Financial Condition Of Persistent Systems: Last 5 Years
- 6 FAQs
- 6.1 What is Persistent Systems’ current market capitalization?
- 6.2 What is the current share price target for Persistent Systems?
- 6.3 What is the projected share price target for Persistent Systems in 2025?
- 6.4 What is the expected share price target for Persistent Systems in 2030?
- 6.5 What is Persistent Systems’ current price-to-earnings (P/E) ratio?
- 6.6 What is the dividend payout ratio of Persistent Systems?
- 6.7 What is the compounded sales growth rate of Persistent Systems over the last 3 years?
- 6.8 What is the return on equity (ROE) for Persistent Systems in the last year?
- 7 Strategic Growth and Innovation: A Conclusion on Persistent Systems
