Persistent share price

Shares of "Persistent Systems' global peer EPAM recently cut its revenue guidance from +3 per cent growth in CY23 to - 2 per cent, led by cuts in discretionary digital engineering spends by clients that we believe will impact PSYS as well. PSYS has the highest exposure to discretionary spends at 83 per cent vs Indian IT peers at 40-75 per cent. We have rolled forward to Mar’24 but cut our target multiple to 24 times (from 25 times), which drove our PT down to Rs 4,100 from Rs 4,200," JPMorgan said. JPMorgan said the stock's valuation are expensive given slowing growth in a challenging macro that also limits potential margin expansion. The brokerage has cut its earnings estimates by 3-4 per cent over FY24-26 amid expectations on 2 per cent drop in revenues. Following the development, the stock fell 3.57 per cent to hit a low of Rs 4,860.05 on BSE. JPMorgan's target suggests a 16 per cent downside over this price. To recall, JPMorgan had in April initiated coverage on KPIT Technologies stock with an 'underweight' rating and a 12-month target of Rs 520 that suggested a potential 43.78 per cent downside over the then prevailing price. The foreign brokerage had said KPIT Tech would require to win large orders every year if it has to maintain its growth above 20 per cent in the years to come. JPMorgan had noted that the key derating catalysts for KPIT was slowing growth beyond FY24 to less than 20 per cent, with reverse DCF ask rate of 24 per cent for the next 10 years. It als...

Persistent Systems Limited is an India-based holding company engaged in the business of providing software products and technology services. The Company provides a range of services, including digital strategy and design, software product engineering, client experiences (CX) transformation, cloud & infrastructure, intelligent automation, enterprise information technology (IT) security and data and analytics. The Company serves various industries, including banking, financial services and insurance, healthcare and life sciences, industrial, software and hi-tech and telecom and media. The Company’s subsidiaries include Persistent Systems, Inc. (PSI), Persistent Systems Pte Ltd., Persistent Systems France SAS, Persistent Systems Malaysia Sdn. Bhd., Persistent Systems Germany GmbH (PSGG), Persistent Telecom Solutions Inc, Aepona Group Limited (AGL), Aepona Limited, Youperience GmbH (YGmbH) and Youperience Limited.;

• Stock Returns vs Nifty 100 Stock gave a 3 year return of 738.63% as compared to Nifty 100 which gave a return of 83.77%. (as of last trading session) • Stock Returns vs Nifty IT Stock generated 738.63% return as compared to Nifty IT which gave investors 100.65% return over 3 year time period. (as of last trading session) NAME P/E (x) P/B (x) ROE % ROCE % ROA % Rev CAGR [3Yr] OPM NPM Basic EPS Current Ratio Total Debt/ Equity (x) Total Debt/ CFO (x) 41.36 9.61 23.23 28.27 13.91 31.20 15.78 11.03 123.73 1.80 0.11 0.00 64.21 23.25 36.20 41.73 27.32 24.22 30.32 24.01 121.26 4.83 0.00 0.00 34.63 8.15 23.62 31.22 16.91 12.02 21.05 14.65 110.80 3.40 0.00 0.00 21.57 4.45 20.64 25.76 14.10 15.50 16.45 11.87 87.05 2.13 0.03 0.00 18.43 4.46 24.21 31.56 19.47 5.29 45.32 31.69 209.14 6.55 0.00 0.00 Add More • Stock Returns vs Nifty 100 Stock gave a 3 year return of 738.63% as compared to Nifty 100 which gave a return of 83.77%. (as of last trading session) • Stock Returns vs Nifty IT Stock generated 738.63% return as compared to Nifty IT which gave investors 100.65% return over 3 year time period. (as of last trading session) Meeting Date Announced on Purpose Details Apr 24, 2023 Apr 12, 2023 Board Meeting Audited Results & Final Dividend Jan 18, 2023 Dec 23, 2022 Board Meeting Quarterly Results & Interim Dividend Oct 19, 2022 Sep 23, 2022 Board Meeting Quarterly Results Jul 21, 2022 Jun 23, 2022 Board Meeting Quarterly Results Jul 19, 2022 Jun 24, 2022 AGM Book closure from 13 Jul, ...

The company has fixed Friday, January 27, 2023, as the 'Record Date' for the dividend pay-out, it said in a separate filing on Wednesday. What are ex-dividend and record date? Also Read: A record date is a day on which a company identifies the shareholders eligible to receive a dividend payout. A payment date is the actual day when the dividend is transferred to the eligible shareholders. Simply put, these dates determine which investors will actually receive a dividend. Also Read: Persistent dividend history Persistent Systems Ltd has declared 28 dividends since May 3, 2010, according to the stock analysis portal Trendlyne. In the past 12 months, Persistent Systems Ltd has declared an equity dividend amounting to Rs 31.00 per share, Trendlyne data showed. At the current share price of Rs 3959.60, this results in a dividend yield of 0.78 per cent. The dividend yield is a key metric that determines the amount of divident payouts by a company relative to its share price. Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

• The Company is Virtually Debt Free. • The company has delivered average Profit Growth of 29.6102147941205% in last 3 years. • PEG ratio is 1.35337072106372%. • The company has delivered good Income growth over the past 3 years of 22.1900711166051%. • The company has effective cash conversion ratio of 85.4206215208219. Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Net Sales 1035.01 1102.08 1224.77 1307.23 1483.48 Total Expenditure 787.51 864.32 966.07 1026.47 1107.06 Operating Profit 247.5 237.76 258.7 280.76 376.42 Other Income 39.09 23.78 10.72 28.3 11.08 Interest 1.72 1.99 2.93 3.53 4.65 Depreciation 25.83 28.45 33.22 34.17 38.65 Exceptional Items 0 0 0 -29.66 0 Profit Before Tax 259.03 231.1 233.26 241.71 344.21 Tax 64.55 56.22 58.15 58.97 85.81 Profit After Tax 194.49 174.88 175.11 182.75 258.4 Adjusted EPS (Rs) 25.45 22.88 22.91 23.91 33.81 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Net Sales 1732.75 1959.87 2108.12 2479.61 3575.48 Total Expenditure 1367.91 1580.05 1675.16 1870.72 2711.07 Operating Profit 364.84 379.82 432.97 608.88 864.41 Other Income 144.22 104.49 159.9 119.64 138.28 Interest 0.06 0.05 4.45 3.82 6.88 Depreciation 53.78 45.88 55.51 56.68 83.76 Exceptional Items 0 0 0 0 0 Profit Before Tax 455.22 438.38 532.91 668.02 912.06 Provision for Tax 113.1 123.37 125.18 162.93 226.2 Net Profit 342.12 315.01 407.72 505.09 685.87 Adjusted EPS (...