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Persistent Systems

BSE:533179
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
533179
BSE
₹49B
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Persistent Systems Limited provides computer programming, consultancy, and related services. The last earnings update was 84 days ago. More info.


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533179 Share Price and Events
7 Day Returns
3.6%
BSE:533179
2.6%
IN IT
0.8%
IN Market
1 Year Returns
-15.5%
BSE:533179
19.3%
IN IT
-0.7%
IN Market
533179 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Persistent Systems (533179) 3.6% -0% 15.3% -15.5% -12.3% 21.2%
IN IT 2.6% 4.6% 8.5% 19.3% 49.1% 80.2%
IN Market 0.8% 2.8% 5.9% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • 533179 underperformed the IT industry which returned 19.3% over the past year.
  • 533179 underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
533179
Industry
5yr Volatility vs Market

Value

 Is Persistent Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Persistent Systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Persistent Systems.

BSE:533179 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 21 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:533179
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.054 (1 + (1- 35%) (0.04%))
1.037
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.037 * 8.6%)
16.47%

Discounted Cash Flow Calculation for BSE:533179 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Persistent Systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:533179 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.47%)
2019 3,114.29 Analyst x13 2,674.01
2020 3,285.07 Analyst x15 2,421.88
2021 3,862.42 Analyst x15 2,444.97
2022 4,157.35 Est @ 7.64% 2,259.62
2023 4,473.73 Est @ 7.61% 2,087.82
2024 4,813.38 Est @ 7.59% 1,928.75
2025 5,178.20 Est @ 7.58% 1,781.60
2026 5,570.22 Est @ 7.57% 1,645.54
2027 5,991.58 Est @ 7.56% 1,519.78
2028 6,444.55 Est @ 7.56% 1,403.58
Present value of next 10 years cash flows ₹20,167.56
BSE:533179 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹6,444.55 × (1 + 7.55%) ÷ (16.47% – 7.55%)
₹77,746.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹77,746.42 ÷ (1 + 16.47%)10
₹16,932.66
BSE:533179 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹20,167.56 + ₹16,932.66
₹37,100.22
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹37,100.22 / 78.28
₹473.97
BSE:533179 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹473.97
Current discount Discount to share price of ₹629.90
= -1 x (₹629.90 - ₹473.97) / ₹473.97
-32.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Persistent Systems is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Persistent Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Persistent Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:533179 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹42.61
BSE:533179 Share Price ** BSE (2019-04-22) in INR ₹629.9
India IT Industry PE Ratio Median Figure of 84 Publicly-Listed IT Companies 16.19x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Persistent Systems.

BSE:533179 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:533179 Share Price ÷ EPS (both in INR)

= 629.9 ÷ 42.61

14.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Persistent Systems is good value based on earnings compared to the IN IT industry average.
  • Persistent Systems is good value based on earnings compared to the India market.
Price based on expected Growth
Does Persistent Systems's expected growth come at a high price?
Raw Data
BSE:533179 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts
13.4%per year
India IT Industry PEG Ratio Median Figure of 21 Publicly-Listed IT Companies 1.32x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

BSE:533179 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.78x ÷ 13.4%

1.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Persistent Systems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Persistent Systems's assets?
Raw Data
BSE:533179 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹298.44
BSE:533179 Share Price * BSE (2019-04-22) in INR ₹629.9
India IT Industry PB Ratio Median Figure of 108 Publicly-Listed IT Companies 1.36x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
BSE:533179 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:533179 Share Price ÷ Book Value per Share (both in INR)

= 629.9 ÷ 298.44

2.11x

* Primary Listing of Persistent Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Persistent Systems is overvalued based on assets compared to the IN IT industry average.
X
Value checks
We assess Persistent Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Persistent Systems has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Persistent Systems expected to perform in the next 1 to 3 years based on estimates from 21 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Persistent Systems expected to grow at an attractive rate?
  • Persistent Systems's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Persistent Systems's earnings growth is positive but not above the India market average.
  • Persistent Systems's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:533179 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:533179 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts 13.4%
BSE:533179 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts 9.5%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:533179 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:533179 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 40,844 5,389 4,696 19
2020-03-31 37,263 4,715 4,147 20
2019-03-31 33,941 3,862 3,640 20
BSE:533179 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 32,866 4,722 3,409
2018-09-30 32,143 4,281 3,409
2018-06-30 31,400 4,971 3,353
2018-03-31 30,337 4,212 3,231
2017-12-31 30,083 3,992 3,222
2017-09-30 29,619 3,750 3,124
2017-06-30 29,047 2,825 3,033
2017-03-31 28,784 2,864 3,015
2016-12-31 28,284 2,724 3,018
2016-09-30 26,750 2,415 2,894
2016-06-30 25,137 1,897 2,944
2016-03-31 23,123 2,541 2,773

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Persistent Systems's earnings are expected to grow by 13.4% yearly, however this is not considered high growth (20% yearly).
  • Persistent Systems's revenue is expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:533179 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below

All data from Persistent Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:533179 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 59.02 71.10 51.80 18.00
2020-03-31 51.89 59.00 45.50 20.00
2019-03-31 45.14 48.00 42.10 21.00
BSE:533179 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 42.61
2018-09-30 42.61
2018-06-30 41.92
2018-03-31 40.39
2017-12-31 40.27
2017-09-30 39.05
2017-06-30 37.91
2017-03-31 37.68
2016-12-31 37.72
2016-09-30 36.18
2016-06-30 36.84
2016-03-31 34.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Persistent Systems is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Persistent Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Persistent Systems has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Persistent Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Persistent Systems's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Persistent Systems's year on year earnings growth rate has been positive over the past 5 years.
  • Persistent Systems's 1-year earnings growth is less than its 5-year average (5.8% vs 6%)
  • Persistent Systems's earnings growth has not exceeded the IN IT industry average in the past year (5.8% vs 24.5%).
Earnings and Revenue History
Persistent Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Persistent Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:533179 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 32,866.33 3,409.12 459.82
2018-09-30 32,142.74 3,408.65 459.57
2018-06-30 31,399.69 3,353.47 459.15
2018-03-31 30,337.03 3,230.88 448.52
2017-12-31 30,082.65 3,221.77 443.03
2017-09-30 29,619.10 3,123.98 438.37
2017-06-30 29,046.77 3,032.68 411.87
2017-03-31 28,784.39 3,014.65 430.25
2016-12-31 28,284.41 3,017.67 429.88
2016-09-30 26,749.80 2,894.46 373.25
2016-06-30 25,136.92 2,944.36 298.91
2016-03-31 23,123.31 2,772.99 251.12
2015-12-31 21,326.74 2,802.52 215.00
2015-09-30 20,352.38 2,851.44 -452.04
2015-06-30 19,566.81 2,779.76 1,365.78
2015-03-31 18,912.52 2,906.31 231.84
2014-12-31 18,405.36 2,817.80 519.15
2014-09-30 17,786.55 2,715.16 1,489.04
2014-06-30 17,468.52 2,609.86 1,384.30
2014-03-31 16,691.53 2,492.77 1,361.70
2013-12-31 15,563.75 2,339.63 1,262.22
2013-09-30 14,566.03 2,192.73 1,177.56
2013-06-30 13,510.96 2,031.35 1,140.62
2013-03-31 12,945.12 1,876.18 1,045.28
2012-12-31 12,311.77 1,769.50 962.27
2012-09-30 11,659.22 1,680.26 909.65
2012-06-30 10,772.31 1,557.90 1,003.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Persistent Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Persistent Systems used its assets more efficiently than the IN IT industry average last year based on Return on Assets.
  • Persistent Systems's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Persistent Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Persistent Systems has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Persistent Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Persistent Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Persistent Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Persistent Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Persistent Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1115.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Persistent Systems Company Filings, last reported 3 months ago.

BSE:533179 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 23,875.37 17.91 11,319.07
2018-09-30 22,829.11 17.91 10,066.55
2018-06-30 22,147.13 21.13 9,636.26
2018-03-31 21,271.99 21.13 9,344.87
2017-12-31 21,111.23 22.49 8,553.22
2017-09-30 20,257.62 22.93 7,328.24
2017-06-30 19,742.93 26.29 6,313.61
2017-03-31 18,992.63 26.29 6,148.53
2016-12-31 18,865.35 27.79 6,082.79
2016-09-30 18,064.04 28.23 5,588.40
2016-06-30 17,393.20 31.50 4,974.92
2016-03-31 16,577.83 31.49 6,352.10
2015-12-31 15,771.31 30.28 5,773.60
2015-09-30 15,413.07 30.28 5,114.47
2015-06-30 14,730.53 31.04 5,591.02
2015-03-31 14,055.29 44.89 6,046.86
2014-12-31 13,717.63 278.73 6,515.38
2014-09-30 13,484.64 44.89 5,259.30
2014-06-30 12,878.24 31.87 4,615.16
2014-03-31 12,223.44 31.87 5,032.59
2013-12-31 11,567.58 23.35 4,894.08
2013-09-30 11,001.88 23.35 4,635.44
2013-06-30 10,458.61 14.20 3,975.93
2013-03-31 10,182.55 14.20 3,683.05
2012-12-31 9,720.66 14.47 3,803.32
2012-09-30 9,547.57 14.38 3,234.38
2012-06-30 8,700.60 14.29 3,479.62
  • Persistent Systems's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0.2% vs 0.1% today).
  • Debt is well covered by operating cash flow (26363.8%, greater than 20% of total debt).
  • Persistent Systems earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Persistent Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Persistent Systems has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Persistent Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.75%
Current annual income from Persistent Systems dividends. Estimated to be 2.48% next year.
If you bought ₹2,000 of Persistent Systems shares you are expected to receive ₹35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Persistent Systems's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Persistent Systems's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:533179 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
India IT Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 1.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:533179 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 16.44 21.00
2020-03-31 14.79 20.00
2019-03-31 12.59 19.00
BSE:533179 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-01-28 11.000 1.733
2018-06-07 10.000 1.448
2018-01-31 10.000 1.296
2017-05-30 9.000 1.371
2017-01-23 9.000 1.505
2016-03-09 8.000 1.207
2016-01-25 7.500 1.194
2015-04-21 7.500 1.109
2015-01-27 7.000 0.867
2014-04-21 6.000 0.947
2014-01-27 5.500 1.050
2013-07-29 4.500 1.246
2013-01-28 4.250 1.608
2012-07-19 3.000 1.347
2012-01-23 2.500 1.466
2011-07-18 1.750 1.107
2011-01-20 2.000 1.047
2010-07-21 1.250 0.580
2010-04-06 0.500 0.246

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Persistent Systems has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Persistent Systems only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Persistent Systems's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Persistent Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Persistent Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Persistent Systems has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Persistent Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anand Deshpande
COMPENSATION ₹19,540,000
AGE 56
CEO Bio

Dr. Anand Suresh Deshpande, Ph.D. founded Persistent Systems Limited and Persistent Systems, Inc. in 1990 and has been its Chairman, Chief Executive Officer and Managing Director since 1990. Dr. Deshpande has been the driving force in growing Persistent Systems since 1990, to the publicly-traded global Company of today. He has 30 years of experience. Prior to 1990, he began his professional career at Hewlett-Packard Laboratories in Palo Alto, California, where he worked as Member of Technical Staff from May 1989 to October 1990. He has served numerous positions at various professional and non-profit organizations viz. NASSCOM’s Executive Council, ACM (Association for Computing Machinery) India, where he was the first President, SEAP (Software Exporters’ Association of Pune), Pune Chapter of CSI (Computer Society of India), CII’s Pune Zonal Council, Member of the Executive Committee of MCCIA and as a Trustee in the Computer History Museum. He is a Founder Trustee of Persistent Foundation, Member of the Dean’s Advisory Council in the School of Informatics of Indiana University and part-time Member of UIDAI, Government of India. He is a founding member of iSPIRT, India’s first product think tank. He is a founder member of Inter Institutional Inclusive Innovations Center (i4C). With members of his family, he has established deAsra Foundation (www.deasra.in). He has been recognized by his alma mater, IIT Kharagpur, as a Distinguished Alumnus in 2012 and by the School of Informatics of Indiana University with the Career Achievement Award in 2007. Dr. Deshpande holds a B.Tech. (Hons.) in Computer Science and Engineering from the Indian Institute of Technology (IIT), Kharagpur in 1984 and a Ph.D. and an M.S. in Computer Science from Indiana University, Bloomington, Indiana, USA in 1989.

CEO Compensation
  • Anand's compensation has been consistent with company performance over the past year.
  • Anand's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Persistent Systems management team in years:

4.4
Average Tenure
54
Average Age
  • The tenure for the Persistent Systems management team is about average.
Management Team

Anand Deshpande

TITLE
Founder
COMPENSATION
₹20M
AGE
56

Sunil Sapre

TITLE
CFO & Executive Director
COMPENSATION
₹12M
AGE
54
TENURE
3.3 yrs

Amit Atre

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹3M
TENURE
5.8 yrs

Tom Klein

TITLE
Senior Vice President of Corporate Development and General Counsel
TENURE
4.4 yrs

Arnaud Pierrel

TITLE
Director General of Persistent Systems France SAS

Bruno Orsier

TITLE
Director of Persistent Systems France SAS

Sebastien Rattier

TITLE
Director of Persistent Systems France SAS

Ghazali Azlin

TITLE
Director of Persistent Systems Malaysia Sdn. Bhd.

Shekhar Patankar

TITLE
Associate Vice President
COMPENSATION
₹10M
AGE
45

Audrey Reutens

TITLE
Director of Persistent Systems Malaysia Sdn. Bhd.
Board of Directors Tenure

Average tenure and age of the Persistent Systems board of directors in years:

8.7
Average Tenure
66
Average Age
  • The tenure for the Persistent Systems board of directors is about average.
Board of Directors

Sunil Sapre

TITLE
CFO & Executive Director
COMPENSATION
₹12M
AGE
54
TENURE
1.3 yrs

Sonali Deshpande

TITLE
Chairperson of Persistent Foundation

Anand Deshpande

TITLE
Founder
COMPENSATION
₹20M
AGE
56
TENURE
29.3 yrs

Prakash Telang

TITLE
Independent Director
COMPENSATION
₹2M
AGE
71
TENURE
8.7 yrs

Kiran Umrootkar

TITLE
Independent Director
COMPENSATION
₹2M
AGE
71
TENURE
8.7 yrs

Sanjay Bhattacharyya

TITLE
Independent Director
COMPENSATION
₹2M
AGE
68
TENURE
7.9 yrs

Pradeep Bhargava

TITLE
Independent Director
COMPENSATION
₹3M
AGE
69
TENURE
7 yrs

Ashok Shah

TITLE
Member of the Advisory Board
AGE
66
TENURE
9.9 yrs

Sri Srikanth

TITLE
Member of the Advisory Board
AGE
65
TENURE
9.9 yrs

Vince Molinaro

TITLE
Member of the Advisory Board
AGE
55
TENURE
9.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
15. Nov 18 Buy Sunil Sapre Individual 12. Nov 18 12. Nov 18 100 ₹551.10 ₹55,110
13. Nov 18 Buy Sunil Sapre Individual 09. Nov 18 09. Nov 18 200 ₹559.05 ₹111,810
13. Nov 18 Buy Anand Deshpande Individual 07. Nov 18 07. Nov 18 1,000 ₹566.20 ₹566,205
06. Nov 18 Buy Sunil Sapre Individual 05. Nov 18 05. Nov 18 100 ₹555.60 ₹55,560
30. Oct 18 Buy Sunil Sapre Individual 29. Oct 18 29. Oct 18 100 ₹549.50 ₹54,950
29. Oct 18 Buy Sunil Sapre Individual 26. Oct 18 26. Oct 18 200 ₹552.05 ₹110,410
26. Oct 18 Buy Sameer Bendre Individual 24. Oct 18 24. Oct 18 1,000 ₹570.32 ₹570,319
26. Oct 18 Buy Anand Deshpande Individual 25. Oct 18 25. Oct 18 7,000 ₹557.47 ₹3,902,297
25. Oct 18 Buy Sunil Sapre Individual 24. Oct 18 24. Oct 18 500 ₹572.33 ₹286,165
24. Oct 18 Buy Anand Deshpande Individual 24. Oct 18 24. Oct 18 18,000 ₹567.54 ₹10,215,671
24. Sep 18 Buy Shishir Dani Individual 18. Sep 18 18. Sep 18 128 ₹840.00 ₹107,520
07. Sep 18 Sell Sudhir Kulkarni Individual 30. Aug 18 04. Sep 18 -12,500 ₹842.00 ₹-10,525,000
18. Sep 18 Sell Shishir Dani Individual 14. Aug 18 12. Sep 18 -1,200 ₹899.00 ₹-1,074,800
18. Sep 18 Buy Shishir Dani Individual 14. Aug 18 12. Sep 18 222 ₹840.00 ₹186,480
12. Sep 18 Sell Avinash Dharmadhikari Individual 10. Sep 18 10. Sep 18 -2,770 ₹880.25 ₹-2,438,300
29. Aug 18 Sell Nayana Bhandari Individual 07. Aug 18 23. Aug 18 -950 ₹881.73 ₹-834,432
22. Aug 18 Sell Narasinha Upadhye Individual 14. Aug 18 17. Aug 18 -1,500 ₹855.17 ₹-1,282,718
02. Aug 18 Sell Rahul Inamdar Individual 14. Jun 18 27. Jul 18 -2,100 ₹829.96 ₹-1,738,583
24. Jul 18 Sell Nilesh Shringarpure Individual 16. Jul 18 16. Jul 18 -1,318 ₹857.32 ₹-1,129,943
24. Jul 18 Sell Prashant Gulalkari Individual 10. Jul 18 10. Jul 18 -1,800 ₹863.02 ₹-1,553,431
16. Jul 18 Sell Rahul Ekbote Individual 10. Jul 18 10. Jul 18 -1,500 ₹863.01 ₹-1,294,511
10. Jul 18 Sell Rahul Ekbote Individual 04. Jul 18 04. Jul 18 -2,500 ₹822.38 ₹-2,055,939
02. Jul 18 Sell Nitin Urdhwareshe Individual 26. Jun 18 27. Jun 18 -5,000 ₹824.79 ₹-4,084,563
26. Jun 18 Sell Mukund Deshpande Individual 20. Jun 18 22. Jun 18 -20,000 ₹835.22 ₹-16,687,023
21. Jun 18 Sell Rahul Kharat Individual 20. Apr 18 19. Jun 18 -1,900 ₹855.93 ₹-1,537,445
21. Jun 18 Sell Mukund Deshpande Individual 15. Jun 18 15. Jun 18 -10,000 ₹810.71 ₹-8,107,114
21. Jun 18 Sell Prashant Virgaonkar Individual 19. Jun 18 20. Jun 18 -13,300 ₹832.92 ₹-11,077,896
18. Jun 18 Sell Rajiv Shethia Individual 12. Jun 18 12. Jun 18 -1,000 ₹830.00 ₹-830,000
25. May 18 Sell Rahul Ekbote Individual 22. May 18 22. May 18 -1,000 ₹806.06 ₹-806,063
25. May 18 Sell Rahul Bhalerao Individual 18. May 18 18. May 18 -4,000 ₹801.75 ₹-3,207,014
11. May 18 Sell Nilesh Shringarpure Individual 03. May 18 09. May 18 -3,000 ₹794.85 ₹-2,355,960
09. May 18 Sell Suresh Deshpande Individual 07. May 18 07. May 18 -18,084 ₹781.18 ₹-14,126,833
04. May 18 Sell Nitin Urdhwareshe Individual 27. Apr 18 27. Apr 18 -1,200 ₹764.00 ₹-916,801
X
Management checks
We assess Persistent Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Persistent Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Did Persistent Systems Limited's (BOM:533179) 15.19% ROE Fare Against The Industry?

and want to better understand how you can grow your money by investing in Persistent Systems Limited (BOM:533179). … Persistent Systems Limited (BOM:533179) performed in-line with its it consulting and other services industry on the basis of its ROE – producing a return of15.19% relative to the peer average of 12.96% over the past 12 months. … Return on Equity (ROE) weighs Persistent Systems’s profit against the level of its shareholders’ equity.

Simply Wall St -

Company Info

Description

Persistent Systems Limited provides computer programming, consultancy, and related services. It operates in four segments: Services, Digital, Alliance, and Accelerite. The company engages in providing software development, professional, and marketing services; technology solutions in the life sciences, telecom, product lifecycle management, and digital practice domains; and the delivery and maintenance of IT software and services. It is also involved in the business of a telecommunication API gateway for defining, exposing, controlling, and monetizing telecom services to partners and application developers; and operating an Internet of Things service creation platform that allows enterprises to add a service layer to the basic APIs exposed to by connected devices, and to expose and monetize these APIs. It serves the banking, financial services, insurance, healthcare and life sciences, and software and technology industries. The company has operations in South Africa, Japan, Israel, Malaysia, Singapore, Sri Lanka, Australia, England, France, Germany, Ireland, the Netherlands, Switzerland, Canada, Mexico, and the United States. The company has a strategic alliance with Outsystems, Inc. Persistent Systems Limited was incorporated in 1990 and is based in Pune, India.

Details
Name: Persistent Systems Limited
533179
Exchange: BSE
Founded: 1990
₹49,188,623,318
78,275,976
Website: http://www.persistent.com
Address: Persistent Systems Limited
Bhageerath,
402 East, Senapati Bapat Road,
Pune,
Maharashtra, 411016,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 533179 Equity Shares Mumbai Stock Exchange IN INR 06. Apr 2010
NSEI PERSISTENT Equity Shares National Stock Exchange of India IN INR 06. Apr 2010
Number of employees
Current staff
Staff numbers
8,265
Persistent Systems employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 12:48
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/01/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.