NSE: PERSISTENT | BSE: 533179

Mid-range Performer

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5369.00 21.50 (0.40%)

29.41% Gain from 52W Low

484.8K NSE+BSE Volume

NSE 22 Aug, 2025 3:31 PM (IST)

83,675.9

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.

31 Jul 2018

5369.00

0.40%

Persistent Systems (1QFY19): Broad-based growth ahead. Maintain BUY

Buy: Persistent Systems Ltd.

Target

HDFC Securities

Maintain BUY with TP of Rs 940, at 17x FY20E-EPS. Persistent Systems (PSYS) posted strong rev growth (Alliance business-led comprising 32.1% of rev) and in-line operating performance. Revenue came at USD 123.6mn, 5.7/9.4% QoQ/YoY led by sharp growth in Alliance business (USD 11.3mn incremental QoQ with USD 6mn incremental from re-seller business). Digital (21.4% of rev) declined (impacted by delay in new projects), however sharp recovery expected ahead. EBITDA% came at 16.8%, +203bps QoQ supported by gross margin expansion of 95bps QoQ and G&A; leverage of 110bps QoQ. APAT came at Rs 0.87bn (Rs 0.88bn est) impacted by higher ETR.

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

Persistent Systems Ltd.

31 Jul 2018

5369.00

0.40%

Persistent Systems

Buy: Persistent Systems Ltd.

Target

ICICI Securities Limited

US$ revenues grew 5.7% QoQ to $123.6 million, above our 3% QoQ growth and $120.4 million estimate. Higher-than-expected growth was due to growth in IP led wherein revenues increased...

Persistent Systems Ltd. is trading above its 30 day SMA of 5323.6

Persistent Systems Ltd.

31 Jul 2018

5369.00

0.40%

EARNINGS UPDATE- 1QFY19- PERSISTENT SYST

Buy: Persistent Systems Ltd.

Target

Chola Wealth Direct

Sector: IT /Mid-Cap | Earnings Update 1QFY19 Background: Persistent Systems is one of the leading outsourced product development (OPD) companies in India. 1QFY19: Revenue from business offering mix: Services (72.6%) & IP led business (27.4%). The company has industry expertise in ISV (38.8%), Enterprise (33.8%) and IP Led (27.4%). Company has strong workforce of 8,902 employees. The company's business is spread across North America (79.7%), Europe (12%), India (6.1%) and RoW (2.2%). Company earns revenue from global delivery centers (31.1%), India (41.5%) and IP Led (27.4%). Total active clients stood at 619 including services and IP led business. Company's top client accounts 23.8% in revenues, top 5 (43.8%) and top 10 (53.7%). Segment revenue mix: Services (41.5%), Digital (21.4%), Alliance (32.1%) and Accelerite (5.0%)....

Persistent Systems Ltd. is trading above its 30 day SMA of 5323.6

Persistent Systems Ltd.

12 Jul 2018

5369.00

0.40%

Persistent

Buy: Persistent Systems Ltd.

Dolat Capital

PSYS reported revenue growth of 5.4% YoY in FY18; software services revenue (contri. 74%) grew by 8.9% YoY in FY18 to ` 22.6bn compared to ` 20.7bn in the previous year, while IP led revenue which contributes 26% of the total revenue declined 3.6% YoY to ` 7,766mn compared to ` 8,060mn in FY17. Increase in earnings by 7% YoY to ` 40.4 during the...

Persistent Systems Ltd. is trading above its 30 day SMA of 5323.6

Persistent Systems Ltd.

25 Apr 2018

5369.00

0.40%

Persistent Systems (4QFY18): Recovery ahead. Maintain BUY

Buy: Persistent Systems Ltd.

Target

HDFC Securities

Maintain BUY with TP of Rs 840, at 16x FY20E EPS. Persistent posted rev decline (in-line) and margin contraction with lower IP revenue. Revenue stood at USD 117mn, -4.6%/+7.3% QoQ/YoY impacted by USD 6.8mn sequential decline in IP revenue (22.3% of 4Q rev). Services (46% of rev) and Digital (24% of rev) posted strong growth of 3.6% QoQ and 4.1% QoQ, respectively, while Accelerite (6% of rev) and Alliance business (24% of rev) declined.

Persistent Systems Ltd. is trading above its 30 day SMA of 5323.6

Persistent Systems Ltd.

25 Apr 2018

5369.00

0.40%

Persistent Systems

Buy: Persistent Systems Ltd.

Target

ICICI Securities Limited

US$ revenues declined 4.6% QoQ to $117 million, above our $115.4 million estimate. As anticipated, IP Led revenues declined 20.6% sequentially to $26.1 million (vs. our estimate of | 24.9 million) while...

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

Persistent Systems Ltd.

25 Apr 2018

5369.00

0.40%

Persistent

Buy: Persistent Systems Ltd.

Target

Sharekhan

management's guidance of loss in IP revenue) for Q4FY2018. Revenue of PSL dropped by 4.6% q-o-q to $117 million in Q4FY2018 due to a $6.8 million (20.6% q-o-q) decline in IP revenue, higher than normal Q4 seasonality. The dip in IP revenue attributed to the 22% q-o-q drop in Alliance business (management noted this as a one-off event). IT services revenue increased by...

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

Persistent Systems Ltd.

25 Apr 2018

5369.00

0.40%

Persistent - 4QFY18 Result Update

Buy: Persistent Systems Ltd.

Recommendation Target

Reliance Securities

IP Pressure As Expected, Margin Ahead Of Estimate As expected, Persistent Systems reported a steep fall in USD revenue in 4QFY18, led by a decline in IP business. Revenue declined 4.6% QoQ to US$117mn, marginally above our estimate. The IP business recorded a 20.6% QoQ revenue decline, with Alliances business the key pressure point, down 21.6% QoQ. This was on account of a steep revenue dip in its largest client (-26% QoQ), as internal issues and restructuring led to a higher-than-expected fall in spend of the client on the business initiatives addressed by Persistent. On the other hand, Accelerite revenue fell 9% QoQ, as Persistent continued to divest non-strategic products. The Digital and Services businesses...

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

Persistent Systems Ltd.

24 Apr 2018

5369.00

0.40%

Persistent Systems: IP drags as expected; Margin beat

Buy: Persistent Systems Ltd.

Target

Motilal Oswal

PSYS reported weak revenue (-4.6% QoQ), which was as expected based on the update of IP revenue decline shared by the company toward the end of the quarter. EBITDA margin of 14.8% (-260bp QoQ), however, was above our estimate of 12.7% (-470bp QoQ), as IP decline was ~USD1m lower, headcount declined again and there were some write-backs for bonus provided for in the earlier quarters. The margin beat was offset by lower-than-expected other income, limiting the beat on PAT.

Persistent Systems Ltd. is trading below its 50 day SMA of 5580.3

Is Persistent Systems Ltd. worth buying?

317 Votes:

Buy 77.6%

Sell 13.88%

Hold 8.52%

RESEARCH REPORTS

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