This analysis examines Persistent Systems Limited (PERSISTENT) through the lens of its financial statements, valuation metrics, and institutional ownership patterns.
Persistent Revenue Trend
Persistent Systems Limited reported revenue of ₹12,077 Cr in FY2025, a 21.4% increase from ₹9,950 Cr in FY2024.
On a 10-year view, revenue grew from ₹1,891 Cr to ₹12,077 Cr at a 20.4% CAGR. That kind of compounding is what separates the growth names.
In terms of scale, Persistent Systems Limited's ₹12,077 Cr in annual revenue positions it as a major computers - software company.
The consistency stands out: 10 consecutive years of growth in top-line revenue.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹12,077 Cr | +21.4% |
| FY2024 | ₹9,950 Cr | +19.1% |
| FY2023 | ₹8,351 Cr | +46.2% |
| FY2022 | ₹5,711 Cr | +36.4% |
| FY2021 | ₹4,188 Cr | — |
View Persistent Systems Limited's full 10-year revenue trend with CAGR analysis →
Persistent Profitability
Persistent Systems Limited turned in a net profit of ₹1,400 Cr for FY2025. That's 28.0% better than the ₹1,093 Cr earned in FY2024.
A stronger net margin of 11.6% in FY2025 (from 11.0%) points to better profitability per rupee of revenue.
At ₹90.24 per share (diluted), FY2025 earnings were up year-over-year from ₹71.07.
Is Persistent Undervalued
Running the numbers through the P/E Ratio model gives a fair value of ₹5,230 for Persistent Systems Limited.
Persistent Systems Limited shares are currently trading at ₹4,836.50.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹5,230 | 8.1% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Persistent Systems Limited with detailed assumptions →
Persistent Shareholding Pattern
The promoter group has maintained its 30.3% holding through the last 4 quarters.
Foreign investors held 22.1% of the company as of March 2026, down year-over-year from 24.2%.
The DII stake stands at 30.5% as of March 2026, versus 27.8% in the year-ago period.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 30.3% | 22.1% | 30.5% | 16.1% |
| Dec 2025 | 30.3% | 22.8% | 29.8% | 16.2% |
| Sep 2025 | 30.6% | 21.2% | 30.6% | 17.2% |
| Jun 2025 | 30.6% | 24.2% | 27.8% | 16.9% |
Track quarterly shareholding changes for Persistent Systems Limited →
Persistent Balance Sheet
Proportional view as of 23 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2025 total assets: ₹87.37B (up 18.5% YoY from ₹73.74B).
Top categories: Other Assets (30.3%), Receivables (21.2%), Intangibles & Goodwill (20.6%).
Of the ₹87.37B in liabilities and equity, 72.3% is shareholder equity, 3.6% is interest-bearing debt, and 24.1% is operating liabilities. Over the year, debt is down 31.1% and equity is up 27.5%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 13.64B |
| Receivables | 18.48B |
| Property, Plant & Equipment | 4.39B |
| Investments | 6.42B |
| Intangibles & Goodwill | 17.99B |
| Other Assets | 26.44B |
| Category | Value |
|---|---|
| Equity | 63.19B |
| Short-term Debt | 952.30M |
| Long-term Debt | 2.16B |
| Trade Payables | 8.89B |
| Other Liabilities | 12.18B |
Persistent — The Bottom Line
In summary, Persistent Systems Limited (PERSISTENT) presents the following picture for fundamental analysts.
Revenue of ₹12,077 Cr in FY2025, up 21.4% year-over-year.
Long-term revenue has been compounding at 20.4% annually over 10 years.
The company is profitable, with a net margin of 11.6% and net income of ₹1,400 Cr.
The P/E Ratio model implies 8.1% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
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