NSE: PERSISTENT | BSE: 533179

Mid-range Performer

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5357.50 12.50 (0.23%)

29.13% Gain from 52W Low

218.0K NSE+BSE Volume

NSE 21 Aug, 2025 1:57 PM (IST)

83,496.6

Market Cap

High in industry

1.3

Beta 1Year

Very High Volatility

Persistent Systems Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PERSISTENT, BSE:533179 Persistent Systems Ltd.

Persistent Systems Ltd.

11 Dec 2018

5357.50

0.23%

Persistent Systems: Braced for a change at the top

Buy: Persistent Systems Ltd.

Motilal Oswal

We attended Persistent Systems' (PSYS) Analyst Day, where the company showcased - through panel discussions - its capabilities and references in the areas of Data/Machine Learning/IoT/Cloud for catering to industries such as BFS and Healthcare & Life Sciences.

Persistent Systems L.. has an average target of 5848.11 from 9 brokers.

Persistent Systems Ltd.

23 Oct 2018

5357.50

0.23%

Persistent Systems

Hold: Persistent Systems Ltd.

Recommendation Target

ICICI Securities Limited

Persistent reported a weaker-than-expected quarter on the revenue front. The revenue decline was mainly on account of weak seasonality in the IP business, weaker execution in digital &...

Number of FII/FPI investors increased from 904 to 993 in Jun 2025 qtr.

Persistent Systems Ltd.

23 Oct 2018

5357.50

0.23%

Persistent

Buy: Persistent Systems Ltd.

Recommendation Target

Arihant Capital

The digital & the services business has now been merged. For the sales team, employee compensation will be based on commission basis (% of sales). The company lost a few employees...

Persistent Systems L.. has an average target of 5848.11 from 9 brokers.

Persistent Systems Ltd.

23 Oct 2018

5357.50

0.23%

Persistent

Buy: Persistent Systems Ltd.

Kotak Securities

IP revenue volatility continues: Persistent Systems indicated better revenue growth and margin improvement in H2FY19 which will partly mitigate the impact of one-offs in Q2FY19. Revenue growth will be supported by good deal wins, project starts in Q2FY19, higher contribution from healthcare business (strong demand on the digital side and higher deal sizes), meaningful jump in IP business and the reseller segment due to seasonally strong Q3FY19. In Q2FY19, it has added net 400 people reflecting strong project pipeline. Margin improvement will be supported by better sales mix...

Number of FII/FPI investors increased from 904 to 993 in Jun 2025 qtr.

Persistent Systems Ltd.

23 Oct 2018

5357.50

0.23%

PERSISTENT SYSTEMS LIMITED

Accumulate: Persistent Systems Ltd.

Target

Geojit BNP Paribas

Q2FY19 USD revenue declined by 4.3% QoQ/flat YoY led by decline in IPled revenue (-10% QoQ) and services revenue (-2% QoQ). EBITDA Margins improved by 200bps QoQ/40bps YoY largely driven by INR depreciation and higher offshoring. Better business mix, improvement in utilisation, higher IP deals & higher onsite utilisation would drive PSYS' profit margins going forward....

Persistent Systems Ltd. is trading above its 30 day SMA of 5346.5

Persistent Systems Ltd.

22 Oct 2018

5357.50

0.23%

Persistent Systems (2QFY19): Recovery ahead. Maintain BUY

Buy: Persistent Systems Ltd.

Target

HDFC Securities

Maintain BUY with TP of Rs 850, at 15x Sep20E-EPS (16x earlier). Persistent (PSYS) posted weak revenue performance impacted by absence of re-seller revenue (2Q vs 1Q), early closure of large project and offshore shift. Revenue came at USD 118.2mn, -4.3/+0.1% QoQ/YoY (USD 5.4mn lower QoQ) impacted by, (1) Flat Services segment (43% of rev and -0.9% QoQ), (2) Drop in Alliance segment (29.5% of rev and -12.1% QoQ), and (3) Decline in Digital (22% of rev and -1.7% QoQ). EBITDA margin stood at 17.2%, +40bps QoQ with INR depreciation/offshoring offsetting wage increase impact, and APAT came at Rs 0.88bn.

Persistent Systems Ltd. is trading below its 50 day SMA of 5603.7

Persistent Systems Ltd.

22 Oct 2018

5357.50

0.23%

Persistent

Hold: Persistent Systems Ltd.

JM Financial

Persistent (PSYS) reported a 4% QoQ decline in USD revenue in 2QFY19 below estimates as seasonal weakness in IP business was exacerbated by an unanticipated project foreclosure (USD c.1mn impact). Management exuded confidence in growth recovering over 2HFY19 3Q is seasonally strong for the IP business. However, we expect the quarterly volatility to continue given the weak trajectory in the core services business (43% of revenues); growing reliance on the IBM ecosystem is an added risk. Thus, while the currency tailwinds have helped minimise the flow-through of 2QFY19 revenue miss on margins/EPS changes to our FY19/FY20 EPS estimates are minor (1.7%/-0.5%) the low predictability of revenues could...

Persistent Systems L.. has an average target of 5848.11 from 9 brokers.

Persistent Systems Ltd.

22 Oct 2018

5357.50

0.23%

Persistent

Buy: Persistent Systems Ltd.

Target

Dolat Capital

PSYS reported USD revenue de-growth of 4.3% QoQ to USD 118mn (DCMe: USD 121mn) due to seasonally soft quarter in IP business and unanticipated closure of one project which had already been staffed. INR revenue grew 0.2% QoQ to ` 8.36bn (DCMe: ` 8.48bn) supported by INR depreciation. EBIT margin improved 44bps QoQ to 12.4% (DCMe: 11%) led by INR depreciation and operational efficiency. PAT improved 0.9% QoQ to ` 881mn (DCMe: ` 812mn)...

Persistent Systems Ltd. is trading below its 50 day SMA of 5603.7

Persistent Systems Ltd.

22 Oct 2018

5357.50

0.23%

Growth dragged by digital execution; earnings cut by 7-16 %

Buy: Persistent Systems Ltd.

Target

Motilal Oswal

PSYS 2QFY19 revenues declined 4.3% QoQ to USD118m (est. We expected IBM IoT resale to be impacted by seasonality. However, Digital failed to recover from its sluggishness led by a project closure and shifting to offshore, which further added to the 22 October 2018 disappointment. Digital revenue at USD26m was flattish sequentially, and grew by 17% YoY in 1HFY19, slowing down from its >30% run-rate. EBITDA margins expanded by 40bp QoQ to 17.2% despite wage hikes and decline in revenue, ahead of our estimate by 150bp (expected to decline 110bp QoQ). The beat was led by INR depreciation and higher offshoring. PAT at INR881m grew by 1% QoQ (est. of 7% QoQ) led by lower revenue and other income, and higher ETR. The company made several Digital, (b) changing sales incentives, (c) sharpening its product portfolio, (d) creating common engines to drive focus and sales, and (e) ramping up hiring.

Persistent Systems L.. has an average target of 5848.11 from 9 brokers.

Persistent Systems Ltd.

13 Aug 2018

5357.50

0.23%

PERSISTENT SYSTEMS LIMITED

Accumulate: Persistent Systems Ltd.

Geojit Research

EBITDA Margins improved by 239bps QoQ largely supported by lower G&A; expenses (down 120bps QoQ). Better business mix, improvement in utilisation, higher IP deals & higher onsite utilisation would drive PSYS' profit margins going forward. Revenue and PAT are expected to grow at 14% and 20% CAGR over FY1820E. While EBITDA Margins are expected to improve from 15.5% in FY18 to...

Number of FII/FPI investors increased from 904 to 993 in Jun 2025 qtr.

Is Persistent Systems Ltd. worth buying?

316 Votes:

Buy 77.53%

Sell 13.92%

Hold 8.54%

RESEARCH REPORTS

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