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Persistent Systems Limited PERSISTENT.NS

IN · National Stock Exchange of India · XNSE · stock · Technology · website

Persistent Systems Limited statistics & valuation

Market cap₹871.8B
P / E46.7×
P / S5.9×
P / B11.1×
P / FCF55.9×
Net margin12.6%
FCF margin10.6%
Net cash₹6.0B
Enterprise value USD$9.1B
Earnings yield EBIT/EV2.8%
Return on capital28.6%
Graham number -79.2%₹1,158.36

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹1,158.36); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.00% 11.10% 11.70% 12.60% 2023202420252026
Gross margin (%)
28.60% 26.50% 27.50% 28.00% 2023202420252026
Operating margin (%)
15.10% 13.30% 13.50% 16.40% 2023202420252026
Return on equity (%)
23.20% 22.10% 22.20% 23.80% 2023202420252026
Shares outstanding
156.2M 156.2M 156.2M 156.2M 2023202420252026
Net debt (₹)
₹1.91B -₹2.11B -₹3.64B -₹5.97B 2023202420252026
Share buybacks (₹)
₹0 ₹2.05B 2023202420252026
Return on assets (%)
13.80% 14.70% 16.00% 16.40% 2023202420252026
Free cash flow margin (%)
6.30% 9.60% 7.70% 10.60% 2023202420252026
Debt / equity (×)
0.17× 0.09× 0.05× 0.06× 2023202420252026
EPS (₹)
₹60.26 ₹71.07 ₹90.24 ₹118.87 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Persistent Systems Limited trades at about 46.9× earnings — near its 10-year norm (10-year range 39.3×–59×, median 47.4×).

39.3× 59×

Shaded band = 10-year range (39.3×–59×); dot = today's 46.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin28.0%27.5%26.5%28.6%
Operating margin16.4%13.5%13.3%15.1%
Net margin12.6%11.7%11.1%11.0%
FCF margin10.6%7.7%9.6%6.3%
Return on assets16.4%16.0%14.7%13.8%
Return on equity23.8%22.2%22.1%23.2%
Debt / equity0.00×0.00×0.05×
Current ratio2.432.361.871.71

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.