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Persistent Systems Limited (PERSISTENT) Fair Value & Analysis

Technology · IN · Market cap ₹793B

PS Persistent Systems Limited PERSISTENT · NSE
Price₹5,475
Fair Value₹2,364
Upside-56.8%
Quality66/100
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Healthy Growth
Solidly profitable · 12.7% net margin
Low debt · generates free cash flow
0.78% dividend yield
Mixed vs. peers (8/15)
Wide moat 73/100
Evidence: High Range ₹1,783 – ₹4,509 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 24 days ago

Share price +15.0% over the past month.

A solid business, but screening 57% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹4,509). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹1,783 to ₹4,509) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹6,624 ₹901.39 Fair Value ₹2,364 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range ₹901.39 – ₹6,624 · fair‑value band ₹1,783 – ₹4,509 · the ₹5,475 price screens above the ₹2,364 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Persistent Systems Limited (PERSISTENT) currently trades at ₹5,475, while our model-based Fair Value estimate is ₹2,364, implying the stock looks roughly 56.8% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Persistent Systems Limited generated revenue of ₹147B at a net margin of 12.7%. Revenue grew 25.1% year over year. It earns a return on equity of 26.4%. The balance sheet holds a net cash position of ₹6.0B. Fundamentals as of Jul 16, 2026

Our scenario range runs from ₹1,783 (bear case) to ₹4,509 (bull case); at ₹5,475, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -1% fair-value upside, at -57%, PERSISTENT screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹1,733 ₹3,317 ₹6,626 80
Residual Income ₹841.66 ₹1,129 ₹6,469 76
Rev-Margin DCF ₹1,637 ₹3,307 ₹5,892 74
All 26 models by family
DCF Models
FCF DCF ₹1,830 ₹2,941 ₹6,509 38
Owner Earnings ₹2,262 ₹5,208 ₹11,670 31
5Y Revenue Exit ₹1,637 ₹2,951 ₹5,602 39
5Y EBITDA Exit ₹1,824 ₹3,344 ₹6,214 41
5Y P/E Exit ₹1,859 ₹3,965 ₹6,757 38
10Y Revenue Exit ₹1,634 ₹3,523 ₹5,286 36
10Y EBITDA Exit ₹1,834 ₹3,909 ₹7,854 37
10Y P/E Exit ₹1,859 ₹3,979 ₹7,783 35
Earnings-Based
Graham-Dodd ₹811.80 ₹5,661 ₹7,945 54
Lynch FV ₹1,872 ₹2,674 ₹3,476 50
PEG = 1.0 ₹1,872 ₹2,674 ₹3,476 46
EPV ₹1,251 ₹1,459 ₹1,645 59
Dividend Discount
Gordon GGM ₹356.51 ₹778.33 ₹1,310 70
DDM Multi-Stage ₹356.51 ₹637.57 ₹811.14 61
Multiples
P/E Multiple ₹1,791 ₹2,388 ₹2,985 63
P/S Multiple ₹1,522 ₹2,030 ₹2,537 58
P/B Multiple ₹1,129 ₹1,505 ₹1,881 55
EV/EBIT ₹2,136 ₹2,825 ₹3,514 53
EV/EBITDA ₹1,813 ₹2,395 ₹2,976 54
EV/Revenue ₹1,462 ₹2,060 ₹2,657 43
Asset-Based
NCAV (Graham) ₹250.84 ₹336.13 ₹501.68 50
Growth DCF
Growth DCF ₹1,733 ₹3,317 ₹6,626 80
Rev-Margin DCF ₹1,637 ₹3,307 ₹5,892 74
Economic Profit
Residual Income ₹841.66 ₹1,129 ₹6,469 76
ROIC Compounder ₹1,582 ₹2,327 ₹3,403 72
Growth Earnings
Growth-Adj P/E ₹2,428 ₹3,469 ₹4,509 68

Widest divergence: DCF Models (₹3,523) versus Asset-Based (₹336.13). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹147B
Revenue growth (YoY) +25.1%
Net margin 12.7%
Return on equity 26.4%
Free cash flow ₹15.6B FY2026
P/E ratio 43.1
More key figures
Operating margin 16.3%
EPS (TTM) ₹117.76
Dividend yield 0.8%
EPS growth (YoY) +32.1%
Net cash ₹6.0B FY2026

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 67 · Market factors (momentum, volatility) 52

Profitability 81
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 69
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Persistent Systems Limited provides software products, services, and technology solutions in India, North America, and internationally. It operates through Banking, Financial Services and Insurance (BFSI); Healthcare & Life Sciences; and Technology Companies and Emerging Verticals segments.

Full company description

Persistent Systems Limited provides software products, services, and technology solutions in India, North America, and internationally. It operates through Banking, Financial Services and Insurance (BFSI); Healthcare & Life Sciences; and Technology Companies and Emerging Verticals segments. The company provides Persistent GenAI Hub, a generative artificial intelligence (AI) solution; consulting services for business strategy and transformation; software engineering services to architect, design, develop, and manage software product lifecycle; and CX transformation solutions, such as CX strategy, Salesforce cloud implementation, CX platform integration, customer analytics and insights, and Salesforce industry solutions and accelerators. It also offers hybrid and multi-cloud transformation, data center modernization, persistent intelligent IT operations, cloud advisory, service management, service desk, digital workplace, and management and sustenance services, as well as CloudOps, a multi-cloud intelligent operations framework; business process management, robotic process automation, low code application development, and conversational AI solutions; and application modernization, maintenance and support, portfolio rationalization, application, and platform development solutions. It serves customers in the banking, financial services, insurance, healthcare, life sciences, consumer tech, industrial, software and hi-tech, and telecom and media sectors. The company has a research collaboration with the Indian Institute of Management Ahmedabad to introduce the 'AI Value compass to bring discipline and measurable outcomes to enterprise AI investments. Persistent Systems Limited was incorporated in 1990 and is based in Pune, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Persistent Systems Limited reported revenue of ₹147B in FY2026 versus ₹57.1B in FY2022, a compound +26.8%/yr. Reported net income was ₹18.7B in FY2026, compounding +28.2%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹147B
Latest YoY
+23.5%
Avg. growth/yr (3Y)
+20.9%
Avg. growth/yr (5Y)
+28.6%
Avg. growth/yr (21Y)
+24.5%
Revenue +26.8%/yr
FY22 ₹57.1B
FY23 ₹83.5B
FY24 ₹98.2B
FY25 ₹119B
FY26 ₹147B
Net income +28.2%/yr
FY22 ₹6.9B
FY23 ₹9.2B
FY24 ₹10.9B
FY25 ₹14.0B
FY26 ₹18.7B

PERSISTENT screens 57% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "Persistent Systems Limited Fair Value". https://www.fairvalue-calculator.com/stock/PERSISTENT

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Information Technology Services · 480 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 66 · Top 25%
Fair Value upside −57% · Bottom 25%
Return on equity (TTM) 26% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 25% · Top 25%
Dividend yield (TTM) 0.8% · Below median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 43.1× · Pricier than 75% of peers
P/B 10.12× · Pricier than 75% of peers
P/S (TTM) 5.38× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 29.9× · Pricier than 75% of peers
PEG 3.35× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 20
FUTURE 100 · sector 29
PAST 100 · sector 36
HEALTH 100 · sector 97
DIVIDEND 16 · sector 37

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%
LG CNS Co 064400 71,100 KRW 116,932 KRW +64%

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Frequently asked questions

Is Persistent Systems Limited (PERSISTENT) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of ₹2,364 versus a price of ₹5,475, about −57% (overvalued).
What is the fair value of PERSISTENT?
Our model-based fair value for Persistent Systems Limited is ₹2,364 (as of Jul 16, 2026), built from audited fundamentals. The current price is ₹5,475.
What is the quality score of PERSISTENT?
Persistent Systems Limited has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Persistent Systems Limited (PERSISTENT)?
Persistent Systems Limited reported trailing-twelve-month revenue of about ₹147B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of PERSISTENT?
The net profit margin of Persistent Systems Limited is about 12.7%, meaning it keeps roughly 12.7% of revenue as net income. Based on the latest reported figures.
Does Persistent Systems Limited pay a dividend?
Persistent Systems Limited currently shows a dividend yield of about 0.78% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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