PERSISTENT SYSTEMS LIMITED Financials Persistent Systems Limited Bombay S.E.
Equities
PERSISTENT
INE262H01021
IT Services & Consulting
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,399 INR | -0.92% |
|
-12.58% | -7.99% |
| Apr. 22 | Transcript : Persistent Systems Limited, Q4 2024 Earnings Call, Apr 22, 2024 | |
| Apr. 21 | Persistent Systems Limited Recommends Final Dividend for the Financial Year 2023-2024 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 49,809 | 42,106 | 146,893 | 364,188 | 335,802 | 499,085 | - | - |
| Enterprise Value (EV) 1 | 41,368 | 30,347 | 139,081 | 364,011 | 331,054 | 577,175 | 483,301 | 472,544 |
| P/E ratio | 14.3 x | 12.4 x | 32.6 x | 52.7 x | 38.2 x | 56.1 x | 39.2 x | 31.5 x |
| Yield | 1.75% | 2.18% | 1.04% | 0.65% | 1.08% | 0.77% | 1.03% | 1.2% |
| Capitalization / Revenue | 1.48 x | 1.18 x | 3.51 x | 6.38 x | 4.02 x | 5.96 x | 4.42 x | 3.8 x |
| EV / Revenue | 1.23 x | 0.85 x | 3.32 x | 6.37 x | 3.96 x | 5.88 x | 4.28 x | 3.6 x |
| EV / EBITDA | 7.13 x | 6.16 x | 20.4 x | 38 x | 21.8 x | 34.4 x | 24.3 x | 19.5 x |
| EV / FCF | 10.5 x | 12.3 x | 22.9 x | 79.2 x | 63.4 x | 61.6 x | 63.1 x | 37.8 x |
| FCF Yield | 9.53% | 8.14% | 4.37% | 1.26% | 1.58% | 1.62% | 1.59% | 2.65% |
| Price to Book | 2.12 x | 1.76 x | 5.25 x | 10.8 x | 8.88 x | 12.4 x | 9.08 x | 7.7 x |
| Nbr of stocks (in thousands) | 158,238 | 152,850 | 152,850 | 152,850 | 145,700 | 146,900 | - | - |
| Reference price 2 | 314.8 | 275.5 | 961.0 | 2,383 | 2,305 | 3,397 | 3,397 | 3,397 |
| Announcement Date | 4/27/19 | 5/5/20 | 4/29/21 | 4/27/22 | 4/24/23 | 4/21/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 33,659 | 35,658 | 41,879 | 57,107 | 83,506 | 98,216 | 112,816 | 131,265 |
| EBITDA 1 | 5,805 | 4,923 | 6,830 | 9,582 | 15,191 | 16,757 | 19,888 | 24,262 |
| EBIT 1 | 3,990 | 3,263 | 5,075 | 7,922 | 12,472 | 13,663 | 16,615 | 20,660 |
| Operating Margin | 11.85% | 9.15% | 12.12% | 13.87% | 14.94% | 13.91% | 14.73% | 15.74% |
| Earnings before Tax (EBT) 1 | 4,863 | 4,523 | 6,094 | 9,243 | 12,409 | 14,476 | 17,758 | 22,016 |
| Net income 1 | 3,517 | 3,403 | 4,507 | 6,904 | 9,211 | 10,935 | 13,298 | 16,492 |
| Net margin | 10.45% | 9.54% | 10.76% | 12.09% | 11.03% | 11.13% | 11.79% | 12.56% |
| EPS 2 | 22.00 | 22.19 | 29.48 | 45.17 | 60.26 | 71.07 | 86.70 | 107.8 |
| Free Cash Flow 1 | 3,944 | 2,470 | 6,078 | 4,596 | 5,225 | 9,374 | 7,664 | 12,508 |
| FCF margin | 11.72% | 6.93% | 14.51% | 8.05% | 6.26% | 9.54% | 6.79% | 9.53% |
| FCF Conversion (EBITDA) | 67.94% | 50.17% | 88.99% | 47.97% | 34.39% | 55.94% | 38.54% | 51.55% |
| FCF Conversion (Net income) | 112.15% | 72.58% | 134.87% | 66.57% | 56.72% | 85.72% | 57.63% | 75.84% |
| Dividend per Share 2 | 5.500 | 6.000 | 10.00 | 15.50 | 25.00 | 26.13 | 34.88 | 40.89 |
| Announcement Date | 4/27/19 | 5/5/20 | 4/29/21 | 4/27/22 | 4/24/23 | 4/21/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,512 | 14,917 | 16,379 | 18,781 | 20,486 | 21,694 | 22,545 | 23,212 | 24,117 | 24,982 | 25,905 | 26,785 | 27,700 | 28,665 | 29,726 |
| EBITDA 1 | 2,244 | 2,511 | 2,812 | 3,333 | 3,680 | 4,016 | 4,163 | 4,229 | 4,052 | 4,418 | 4,544 | 4,579 | 4,663 | 5,018 | 5,504 |
| EBIT 1 | 1,873 | 2,083 | 2,300 | 2,688 | 2,987 | - | 3,466 | 2,980 | 3,308 | 3,631 | 3,744 | 3,836 | 3,844 | 4,187 | 4,648 |
| Operating Margin | 13.86% | 13.96% | 14.05% | 14.31% | 14.58% | - | 15.37% | 12.84% | 13.71% | 14.53% | 14.45% | 14.32% | 13.88% | 14.61% | 15.64% |
| Earnings before Tax (EBT) 1 | 2,176 | 2,364 | 2,672 | 2,819 | 2,956 | 3,228 | 3,406 | 3,070 | 3,558 | 3,893 | 3,955 | 4,034 | 3,976 | 4,452 | 5,096 |
| Net income 1 | 1,618 | 1,764 | 2,010 | 2,116 | 2,200 | 2,380 | 2,515 | 2,288 | 2,633 | 2,861 | 3,153 | 3,062 | 3,100 | 3,354 | 3,713 |
| Net margin | 11.97% | 11.82% | 12.27% | 11.27% | 10.74% | 10.97% | 11.16% | 9.86% | 10.92% | 11.45% | 12.17% | 11.43% | 11.19% | 11.7% | 12.49% |
| EPS 2 | 10.58 | 11.54 | 13.15 | 13.84 | 14.40 | 15.57 | 16.46 | 14.88 | 17.11 | 18.60 | 20.48 | 20.30 | 19.83 | 21.59 | 23.70 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/26/21 | 1/20/22 | 4/27/22 | 7/21/22 | 10/19/22 | 1/18/23 | 4/24/23 | 7/20/23 | 10/18/23 | 1/20/24 | 4/21/24 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 8,441 | 11,759 | 7,812 | 177 | 4,748 | 8,156 | 15,785 | 26,541 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,944 | 2,470 | 6,078 | 4,596 | 5,225 | 9,374 | 7,664 | 12,508 |
| ROE (net income / shareholders' equity) | 15.7% | 14.4% | 17.4% | 22.4% | 25.1% | 24.5% | 25% | 26.5% |
| ROA (Net income/ Total Assets) | 12.7% | 11.4% | 13.3% | 15.2% | 15.3% | 15.6% | 16.7% | 18% |
| Assets 1 | 27,632 | 29,739 | 33,788 | 45,398 | 60,191 | 70,233 | 79,627 | 91,625 |
| Book Value Per Share 2 | 148.0 | 156.0 | 183.0 | 220.0 | 259.0 | 322.0 | 374.0 | 441.0 |
| Cash Flow per Share 2 | 27.00 | 16.80 | 48.10 | 55.30 | 62.50 | 79.40 | 100.0 | 125.0 |
| Capex 1 | 379 | 758 | 1,281 | 3,854 | 4,333 | 2,839 | 3,681 | 3,809 |
| Capex / Sales | 1.13% | 2.13% | 3.06% | 6.75% | 5.19% | 2.89% | 3.26% | 2.9% |
| Announcement Date | 4/27/19 | 5/5/20 | 4/29/21 | 4/27/22 | 4/24/23 | 4/21/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
32
Last Close Price
3,397
INR
Average target price
3,679
INR
Spread / Average Target
+8.28%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.23% | 194B | |
| +0.74% | 166B | |
| +2.19% | 153B | |
| +4.34% | 99.85B | |
| +7.04% | 77.56B | |
| +19.09% | 73.55B | |
| -7.30% | 71B | |
| -20.54% | 52.81B | |
| +0.53% | 47.86B |
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- Financials Persistent Systems Limited
