Persistent Systems Limited

NSEI:PERSISTENT Stock Report

Market Cap: ₹935.6b

Persistent Systems Valuation

Is PERSISTENT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PERSISTENT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PERSISTENT (₹6368.7) is trading above our estimate of fair value (₹924.47)

Significantly Below Fair Value: PERSISTENT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PERSISTENT?

Key metric: As PERSISTENT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PERSISTENT. This is calculated by dividing PERSISTENT's market cap by their current earnings.
What is PERSISTENT's PE Ratio?
PE Ratio75.9x
Earnings₹12.33b
Market Cap₹935.56b

Price to Earnings Ratio vs Peers

How does PERSISTENT's PE Ratio compare to its peers?

The above table shows the PE ratio for PERSISTENT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average49x
COFORGE Coforge
78.5x27.0%₹625.6b
LTIM LTIMindtree
37.1x14.8%₹1.7t
526299 Mphasis
35x13.7%₹558.9b
TECHM Tech Mahindra
45.6x24.9%₹1.5t
PERSISTENT Persistent Systems
75.9x20.5%₹935.6b

Price-To-Earnings vs Peers: PERSISTENT is expensive based on its Price-To-Earnings Ratio (75.9x) compared to the peer average (49x).

Price to Earnings Ratio vs Industry

How does PERSISTENT's PE Ratio compare vs other companies in the IN IT Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GTL GTL
1.2xn/aUS$23.46m
517429 Athena Global Technologies
0.7xn/aUS$16.97m
509040 Netlink Solutions (India)
3.6xn/aUS$5.67m
512341 CES
0.05xn/aUS$130.33k
No more companies available in this PE range
PERSISTENT 75.9xIndustry Avg. 36.7xNo. of Companies14PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PERSISTENT is expensive based on its Price-To-Earnings Ratio (75.9x) compared to the Indian IT industry average (36.7x).

Price to Earnings Ratio vs Fair Ratio

What is PERSISTENT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PERSISTENT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio75.9x
Fair PE Ratio46.6x

Price-To-Earnings vs Fair Ratio: PERSISTENT is expensive based on its Price-To-Earnings Ratio (75.9x) compared to the estimated Fair Price-To-Earnings Ratio (46.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PERSISTENT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹6,368.70
₹5,519.55
-13.3%
19.2%₹8,462.00₹3,090.00n/a33
Dec ’25₹5,905.65
₹5,416.88
-8.3%
16.3%₹6,750.00₹3,090.00n/a33
Nov ’25₹5,389.00
₹5,364.94
-0.4%
17.2%₹6,750.00₹3,090.00n/a34
Oct ’25₹5,487.75
₹4,892.12
-10.9%
19.9%₹6,500.00₹2,965.00n/a33
Sep ’25₹5,170.85
₹4,543.09
-12.1%
17.3%₹5,920.00₹2,780.00n/a33
Aug ’25₹4,796.45
₹4,480.22
-6.6%
16.8%₹5,920.00₹2,780.00n/a32
Jul ’25₹4,496.15
₹3,778.35
-16.0%
17.5%₹4,790.00₹1,675.00n/a31
Jun ’25₹3,410.50
₹3,723.39
+9.2%
14.8%₹4,790.00₹2,400.00n/a31
May ’25₹3,368.60
₹3,678.61
+9.2%
17.9%₹4,790.00₹1,675.00n/a31
Apr ’25₹3,996.65
₹3,809.70
-4.7%
21.4%₹4,985.00₹1,675.00n/a30
Mar ’25₹4,299.50
₹3,857.78
-10.3%
19.0%₹4,985.00₹1,675.00n/a30
Feb ’25₹4,147.88
₹3,813.58
-8.1%
19.9%₹4,985.00₹1,675.00n/a31
Jan ’25₹3,658.95
₹3,030.26
-17.2%
17.9%₹4,265.00₹1,675.00n/a31
Dec ’24₹3,216.65
₹2,882.77
-10.4%
15.4%₹3,695.00₹1,675.00₹5,905.6530
Nov ’24₹3,105.50
₹2,873.17
-7.5%
15.9%₹3,950.00₹1,675.00₹5,389.0030
Oct ’24₹2,898.35
₹2,629.33
-9.3%
16.0%₹3,950.00₹1,675.00₹5,487.7530
Sep ’24₹2,771.65
₹2,551.03
-8.0%
17.3%₹4,095.00₹1,675.00₹5,170.8529
Aug ’24₹2,404.78
₹2,520.00
+4.8%
17.2%₹4,095.00₹1,675.00₹4,796.4528
Jul ’24₹2,505.53
₹2,503.44
-0.08%
17.8%₹4,095.00₹1,675.00₹4,496.1527
Jun ’24₹2,586.75
₹2,505.67
-3.1%
18.6%₹4,220.00₹1,675.00₹3,410.5026
May ’24₹2,368.63
₹2,459.40
+3.8%
19.4%₹4,220.00₹1,675.00₹3,368.6026
Apr ’24₹2,304.75
₹2,437.36
+5.8%
21.5%₹4,220.00₹1,675.00₹3,996.6522
Mar ’24₹2,454.05
₹2,387.59
-2.7%
23.4%₹4,220.00₹1,512.50₹4,299.5023
Feb ’24₹2,342.18
₹2,285.32
-2.4%
22.3%₹4,220.00₹1,512.50₹4,147.8825
Jan ’24₹1,935.45
₹2,037.58
+5.3%
15.8%₹2,710.00₹1,435.00₹3,658.9524
Dec ’23₹2,161.95
₹2,033.08
-6.0%
15.8%₹2,710.00₹1,435.00₹3,216.6525

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 21:35
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Persistent Systems Limited is covered by 68 analysts. 34 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Niral DalalAlmondz Global Securities Ltd
Ashwin MehtaAmbit Capital
Nitin BhasinAmbit Capital