NSE: PERSISTENT | BSE: 533179

Expensive Performer

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6106.50 208.00 (3.53%)

59.54% Gain from 52W Low

675.2K NSE+BSE Volume

NSE 20 Jun, 2025 3:31 PM (IST)

95,169.8

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.

24 Jul 2017

6106.50

3.53%

Persistent Systems (1QFY18): Operational blip, recovery ahead. Maintain BUY

Buy: Persistent Systems Ltd.

Target

HDFC Securities

We've factored in (1) Revenue growth of 10.9/12.7% for FY18/19E implying 3.3/2.8% CQGR, (2) EBITDA% at 15.9/17.3% and earnings growth at 13.3% CAGR over FY17-19E (lowered EPS est. by ~3%). Maintain BUY with a TP of Rs 700, 14x FY19E. Persistent Systems (PSYS) delivered in-line revenue, while operational performance was sub-par. Higher margin and the non-linear portion of the business lagged in 1Q (Digital and Accelerite growth at -1.3% QoQ and -10.4% QoQ), which reflected in margins. EBITDA% dropped by 200bps QoQ to 14.3% in 1Q (-250bps QoQ adjusting for 4Q one-time charge, visa cost in 1Q and doubtful debt provisioning).

Persistent Systems L.. has an average target of 5752.44 from 9 brokers.

Persistent Systems Ltd.

24 Jul 2017

6106.50

3.53%

Persistent Systems

Buy: Persistent Systems Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research US$ revenues grew 3.6% QoQ to $112.97 million in line with our $112.2 million estimate while rupee revenues grew 0.1% QoQ to | 728 crore above our | 723.1 crore estimate EBITDA margins declined 200 bps QoQ to 14.3% and were way below our 16.3% estimate primarily led by higher employee expenses (up 2.8% QoQ) and travelling expenses (up 9.4% QoQ) Reported PAT of | 75.1 crore was in line with our | 75.3 crore...

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

04 May 2017

6106.50

3.53%

Result Update:Persistent Sys

Buy: Persistent Systems Ltd.

Target

Axis Direct

We expect USD revenue CAGR of ~13%over FY17-19, driven by momentum in IBM deal and EDT. Expect 120-140 bps improvement in margin over next 2 years and forecast FY18E/FY19E earnings at Rs 43/ Rs 50.We rollover to FY19 and value the company at Rs 697 (14x FY19E EPS).

Persistent Systems Ltd. has gained 58.92% in the last 1 Year

Persistent Systems Ltd.

27 Apr 2017

6106.50

3.53%

Persistent Systems Ltd Q4FY17 results comment

Results Update: Persistent Systems Ltd.

HDFC Securities

Revenue decreased by 2.47% to Rs. 727.11 Cr in Q4FY17 when compared to the previous quarter. On the other hand, it rose by 7.38% when compared with Q4FY16.

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

27 Apr 2017

6106.50

3.53%

Persistent Systems

Buy: Persistent Systems Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Persistent Systems (PSL) reported weak Q4FY17 earnings on the topline and bottomline front while EBITDA margins surprised on the upside by 40 bps due to lower expenses US$ revenues declined 0.9% QoQ to $109.03 million, below our 1.6% growth and $111.8 million estimate Revenues in rupees declined 2.5% QoQ to | 727.1 crore, below our 0.3% growth and | 747.6 crore estimate...

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

26 Apr 2017

6106.50

3.53%

Persistent Systems (4QFY17): Steady transformation. Maintain BUY

Buy: Persistent Systems Ltd.

Target

HDFC Securities

Persistent Systems (PSYS) posted muted 4Q revenue, while operating performance was encouraging. Revenue was impacted by a sequential decline in the IBM alliance business on seasonality, while Digital & Accelerite grew 10.7% QoQ. Margins improved on SG&A efficiencies, and the trajectory continues to look healthy (direct cost% lower by 150bps post IBM IoT integration).

Sharekhan increased Buy price target of Persistent Systems Ltd. to 7000.0 on 17 Jun, 2025.

Persistent Systems Ltd.

26 Apr 2017

6106.50

3.53%

Persistent Systems - 4QFY17 Result Update

Buy: Persistent Systems Ltd.

Target

Reliance Securities

Persistent's revenue declined by 0.9% QoQ to US$109mn, which was below our estimate by 2.4%. Despite 4Q being seasonally weaker following a robust quarter in December (due to CY-end of IBM, which contributes 26.5% to revenue), we expected marginal revenue growth. Volumes excluding IP saw a 0.8% QoQ dip, while blended pricing rose by 1.1% QoQ. IP-led volumes rose by 0.8% QoQ, while pricing declined by 4.5% QoQ. Service-wise, continuing its impressive performances over the past several quarters, Enterprise maintained healthy growth with 3.9% QoQ growth in USD terms. Notably, on YoY comparison, growth came in at a strong 27.4%, which suggests continuous investment by clients in digital/SMAC initiatives,...

Persistent Systems Ltd. is trading above all available SMAs

Is Persistent Systems Ltd. worth buying?

311 Votes:

Buy 77.49%

Sell 14.15%

Hold 8.36%

RESEARCH REPORTS

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