NSE: PERSISTENT | BSE: 533179

Expensive Performer

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5758.50 -2.50 (-0.04%)

78.17% Gain from 52W Low

515.1K NSE+BSE Volume

NSE 14 May, 2025 3:31 PM (IST)

89,746.2

Market Cap

High in industry

1.2

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.

26 Jul 2021

5758.50

-0.04%

Result Update:Persistent Sys

Buy: Persistent Systems Ltd.

Target

Axis Direct

We recommend a BUY rating on the stock and assign a 35x P/E multiple to its FY23E earnings of Rs 96/share, which gives a TP of Rs 3,400/share, implying an upside potential of 12% from CMP.

Persistent Systems Ltd. has gained 26.71% in the last 1 Month

Persistent Systems Ltd.

24 Jul 2021

5758.50

-0.04%

Persistent Systems (HOLD): An all-round growth beat; upgrade to HOLD

Hold: Persistent Systems Ltd.

Recommendation Target

BOB Capital Markets Ltd.

PSYS reported stellar Q1FY22 numbers with dollar revenue growth of 9.1% QoQ (incl. Capiot) driven by BFSI and healthcare

Persistent Systems Ltd. has gained 69.52% in the last 1 Year

Persistent Systems Ltd.

24 Jul 2021

5758.50

-0.04%

Persistent Systems

Buy: Persistent Systems Ltd.

Target

ICICI Securities Limited

...

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

Persistent Systems Ltd.

24 Jul 2021

5758.50

-0.04%

Valuation factoring in industry-leading performance

Neutral: Persistent Systems Ltd.

Recommendation Target

Motilal Oswal

Strong growth to continue, but attrition worrying Motilal Oswal values your support in the Asiamoney Brokers Poll 2021 for India Research, Sales, Corporate Access and...

KRChoksey upgraded Persistent Systems Ltd. to Hold with a price target of 5324.0 on 28 Apr, 2025.

Persistent Systems Ltd.

03 May 2021

5758.50

-0.04%

EARNINGS UPDATE- PERSISTENT SYSTEMS LTD 4QFY21

Neutral: Persistent Systems Ltd.

Recommendation Target

Chola Wealth Direct

Background: Persistent Systems is one of the leading outsourced product development (OPD) companies in India. Revenue from business offering mix: Services (81.9%) & IP led business (18.1%). The company has industry expertise in ISV (41.7%), Enterprise (42%) and IP Led (16.3%). The company's business is spread across North America (81.1%), Europe (8.8%), and RoW (10.1%).Company earns revenue from global delivery centers (30.5%), India (51.4%) and IP Led (18.1%). Total active clients stood at 1000+ including services and IP led business. Company's top client accounts 18.5% in revenues, top 5 (37.8%) and top 10 (47%)....

Persistent Systems Ltd. has gained 69.52% in the last 1 Year

Persistent Systems Ltd.

01 May 2021

5758.50

-0.04%

Persistent Systems

Buy: Persistent Systems Ltd.

Target

ICICI Securities Limited

The company has won a total contractual value of US$246.5 million of which annual contractual value is US$200 million (implying a book to bill ratio of 1.3x) and net new of US$96.9 million. This, coupled with multi-year deal won by the company, will help improve its revenues growth (the company aspires to achieve 3.5-4% QoQ growth). The company has hired 1618 and 1173 in the past two quarters, respectively, with increasing large deal size representing robust growth opportunity in coming quarters. In addition, Persistent's focus on client mining, scaling up new clients, expanding...

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

Persistent Systems Ltd.

01 May 2021

5758.50

-0.04%

Best-in-class performance to continue in FY22E

Buy: Persistent Systems Ltd.

Target

Motilal Oswal

We were impressed by PSYS strong performance in 4QFY21 USD revenue growth of 4.6% QoQ (100bp above MOFLSe) and 16.9% EBITDA margin (down 10bp QoQ despite a one-month wage hike impact). Order bookings of USD246m (1.6x book-to-bill ratio) in 4QFY21 points to good growth visibility for FY22E, especially with management commentary that the TCV run-rate of over USD200m will result in a quarterly revenue growth of 4.5-5% in USD terms. PSYS has reported best-in-class growth in the TSU business (18.4% YoY)...

Persistent Systems Ltd. has gained 26.71% in the last 1 Month

Persistent Systems Ltd.

01 May 2021

5758.50

-0.04%

Q4FY21 Result Update - Getting better & better - BUY

Buy: Persistent Systems Ltd.

Target

Prabhudas Lilladhar

Consistent expansion in EBIT margin +42 bps QoQ to 13.2% in 4QFY21 and +290 bps YoY to 12.1% in FY21. There is further scope for expansion in margins led by cost optimization and revenue acceleration Persistent has not only reported excellent performance in 4QFY21 (+4.6% QoQ USD) but also shown strong consistent revenue growth (+12.8% YoY USD) and margin expansion (+290 bps) throughout the year. Growth in 4QFY21 was led by strong growth in Services (+8.2% QoQ USD) which offset...

Persistent Systems Ltd. has gained 26.71% in the last 1 Month

Persistent Systems Ltd.

30 Apr 2021

5758.50

-0.04%

Persistent Systems (SELL): Good execution despite IP seasonality

Sell: Persistent Systems Ltd.

Target

BOB Capital Markets Ltd.

Persistent Systems (PSYS) reported in-line Q4FY21 numbers, with dollar revenue growth at 4.6% QoQ.

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

Persistent Systems Ltd.

30 Apr 2021

5758.50

-0.04%

Result Update:Persistent Sys

Buy: Persistent Systems Ltd.

Target

Axis Direct

We recommend a BUY and value the stock at 24x P/E to its FY23E earnings of Rs. 95.3/ share which gives a TP of Rs. 2,325/share, an upside of 14 from CMP.

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

Is Persistent Systems Ltd. worth buying?

306 Votes:

Buy 77.45%

Sell 14.05%

Hold 8.5%

RESEARCH REPORTS

Hold SEE REPORTS >

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Sell SEE REPORTS >

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