NSE: PERSISTENT | BSE: 533179

Expensive Performer

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5698.00 115.50 (2.07%)

76.30% Gain from 52W Low

170.4K NSE+BSE Volume

NSE 23 May, 2025 11:12 AM (IST)

88,803.3

Market Cap

High in industry

1.2

Beta 1Year

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.

17 Oct 2017

5698.00

2.07%

Persistent Systems (2QFY18): Digitally-led growth. Maintain BUY

Buy: Persistent Systems Ltd.

Target

HDFC Securities

Maintain BUY with a TP of Rs 715, 14x Sep-19E. Persistent (PSYS) delivered strong revenue numbers (4.5% QoQ, with 2.9% organic), while operating performance came in-line with estimates. Revenue at USD 118.1mn included USD 1.9mn (2-month consolidation) from the Parx acquisition. Growth was led by (1) Digital (20.9% of rev) at 12% QoQ (organic), (2) Services (43.7% of rev) at 2.7% QoQ, and (3) Accelerite (8.1% of rev) at 2% QoQ. EBITDA came in at 15.2%, +87bps QoQ, supported by lower SG&A;% (+78bps margin impact) on operational efficiencies.

Persistent Systems Ltd.'s price crossed above 100Day SMA today

Persistent Systems Ltd.

17 Oct 2017

5698.00

2.07%

Persistant - 2QFY18 Result Update

Hold: Persistent Systems Ltd.

Recommendation Target

Reliance Securities

Aided by a strong 21.4% QoQ growth in the Digital business, Persistent Systems (Persistent) has delivered a healthy performance in 2QFY18. Its revenue grew by a healthy 4.5% QoQ to US$118.1mn exceeding our estimate by 1.6%. Excluding the acquisition of PARX, organic revenue grew by 2.9% QoQ. Digital business now accounts for >20% of Persistent's total revenue. Revenue from Alliances business declined by 2.3% QoQ owing to lower revenue (-3% QoQ) in the key IBM account. Further, revenue from Services business grew by 2.7% QoQ, while Accelerite (product business) recorded 2% QoQ growth in revenue. Service-wise, Enterprise remained the key growth driver with the revenue rising by an impressive 11.4% QoQ and 37.7%...

Persistent Systems Ltd. has gained 62.83% in the last 1 Year

Persistent Systems Ltd.

16 Oct 2017

5698.00

2.07%

Persistent Systems: Marching upward on profitability

Buy: Persistent Systems Ltd.

Target

Motilal Oswal

Digital (12% QoQ) was an encouraging sign. In-line profitability despite onsite centricity: Incremental growth contribution from onsite (11.5% QoQ) and lower-margin Parx was detrimental to profitability during the quarter. However, 140bp improvement in utilization and 120bp optimization of G&A; expenses drove EBITDA margin expansion of 90bp to 15.2%, ultimately meeting expectations of 15.4%. Higher-than-expected PAT growth of 12.4%, despite in-line operational performance, was led by higher other income....

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

03 Oct 2017

5698.00

2.07%

Visit Note:Persistent Sys

Hold: Persistent Systems Ltd.

Axis Direct

Enterprise segment - BFSI and Healthcare remain focus areas and management expects overall growth momentum to sustain (Q1FY18 up 9% QoQ). The company has also strengthened its sales team to boost growth prospects.

Number of FII/FPI investors increased from 860 to 904 in Mar 2025 qtr.

Persistent Systems Ltd.

28 Jul 2017

5698.00

2.07%

Result Update - Persistent

Hold: Persistent Systems Ltd.

Recommendation Target

Axis Direct

Persistent (PSYS) delivered in-line revenue (~USD 113 mn) in Q1FY18 led by deal wins in traditional OPD services (up 5% QoQ) and IBM alliance (up ~10% QoQ as Q4 was a muted quarter for Watson). However, EBIT margin declined ~200 bps due to INR appreciation, accelerated front-end and business investm..

Persistent Systems L.. has an average target of 5584.00 from 8 brokers.

Persistent Systems Ltd.

24 Jul 2017

5698.00

2.07%

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 5584.00 from 8 brokers.

Persistent Systems Ltd.

24 Jul 2017

5698.00

2.07%

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.'s price crossed above 100Day SMA today

Is Persistent Systems Ltd. worth buying?

307 Votes:

Buy 77.52%

Sell 14.01%

Hold 8.47%

RESEARCH REPORTS

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