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PERSISTENT - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.8

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.8

Stock Code PERSISTENT Market Cap 74,134 Cr. Current Price 4,700 ₹ High / Low 6,599 ₹
Stock P/E 47.1 Book Value 420 ₹ Dividend Yield 0.74 % ROCE 28.4 %
ROE 20.9 % Face Value 5.00 ₹ DMA 50 5,344 ₹ DMA 200 5,633 ₹
Chg in FII Hold 1.55 % Chg in DII Hold -0.80 % PAT Qtr 452 Cr. PAT Prev Qtr 459 Cr.
RSI 35.8 MACD -267 Volume 7,98,072 Avg Vol 1Wk 6,02,694
Low price 4,149 ₹ High price 6,599 ₹ PEG Ratio 2.42 Debt to equity 0.05
52w Index 22.5 % Qtr Profit Var 38.7 % EPS 96.4 ₹ Industry PE 20.9

📊 Financial Overview

  • Revenue & Profitability: Quarterly PAT at ₹452 Cr. vs ₹459 Cr. shows slight decline, but overall profitability remains strong. ROE (20.9%) and ROCE (28.4%) highlight efficient capital use.
  • Debt & Liquidity: Debt-to-equity at 0.05 indicates negligible leverage, ensuring financial stability and healthy cash flows.
  • Valuation: P/E of 47.1 is significantly higher than industry average (20.9), suggesting overvaluation. P/B ~11.2 indicates premium pricing. PEG ratio (2.42) reflects expensive growth expectations.
  • Technical Indicators: RSI at 35.8 indicates oversold conditions; MACD at -267 signals bearish trend. Current price ₹4,700 is below DMA 50 (₹5,344) and DMA 200 (₹5,633), showing weakness.

🏢 Business Model & Competitive Advantage

  • Persistent Systems operates in IT services, focusing on digital transformation, cloud, AI, and product engineering.
  • Competitive advantage lies in strong client relationships, niche expertise in software engineering, and global delivery capabilities.

💡 Entry Zone Recommendation

  • Entry zone: ₹4,500–₹4,800, near support levels.
  • Attractive for long-term investors given strong fundamentals, but caution advised due to high valuation and bearish technicals.

📈 Long-Term Holding Guidance

  • Suitable for long-term holding due to strong ROE/ROCE and sector growth potential.
  • Upside potential tied to digital transformation demand, AI adoption, and enterprise cloud migration.

✅ Positive

  • Strong ROE (20.9%) and ROCE (28.4%).
  • Low debt-to-equity ratio (0.05).
  • Quarterly PAT remains stable despite slight decline.
  • FII holdings increased (+1.55%).

⚠️ Limitation

  • High P/E (47.1) compared to industry average (20.9).
  • P/B ratio (~11.2) indicates expensive valuation.
  • Stock trading below DMA 50 and DMA 200, showing bearish trend.

📉 Company Negative News

  • Quarterly PAT declined slightly from ₹459 Cr. to ₹452 Cr.
  • Bearish technical indicators (MACD negative, RSI oversold).
  • DII holdings reduced (-0.80%).

📈 Company Positive News

  • FII holdings increased (+1.55%).
  • Strong efficiency metrics (ROE/ROCE).
  • 52-week index gain of 22.5% shows investor confidence.

🏭 Industry

  • IT services industry P/E at 20.9, much lower than Persistent’s valuation.
  • Sector growth driven by digital transformation, AI, and cloud adoption globally.

🔎 Conclusion

  • Persistent Systems is fundamentally strong with high efficiency and low debt but trades at expensive valuations and shows bearish technicals.
  • Entry near ₹4,500–₹4,800 is attractive for long-term investors; recommended as a cautious holding with strong sector tailwinds.

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