Persistent Systems logo

Persistent Systems share price

NSE: PERSISTENTBSE: 533179IT - SoftwareMid Cap

Persistent Systems Limited · Face value ₹5 · Listed Apr 2010
Last close ₹5,832.50down ₹17.50 (0.30%)BSE ₹5,835.00

Share price at the NSE close on 27 Oct 2026. Previous close ₹5,850.00.

27 Oct: open ₹5,800.00, high ₹5,861.00, low ₹5,690.00

52-week range of traded prices to 27 Oct 2026
₹4,244.50Low, 30 Jun 2026₹6,599.00High, 23 Dec 2025
Market cap
₹92,008 Cr129th largest listed
P/E
51.02
P/B
10.71
Dividend yield
0.69%
ROE
22.9%
ROCE
27.2%
Debt to equity
0.00
Volume, NSE
9,30,21857.8% delivered

Persistent Systems share price chart

Daily closes since Apr 2010, adjusted for splits and bonuses

−0.8%over a year · Nifty IT −10.9% · Nifty 500 −8.8%

ResultsDividend20-session average 7,59,392 shares a day, 42.3% delivered

About Persistent Systems

Persistent Systems Limited is a software and IT services company based in Pune, India.12 It builds and modernises software and technology systems for businesses, with services led by artificial intelligence (AI).3 Its clients are enterprises in software and technology, banking, financial services and insurance, and healthcare and life sciences, served from development centres and offices in India and abroad.34

Its services cover product and platform engineering, data and AI, cloud-based modernisation of enterprise systems, customer experience (CX) and design, and agentic business automation (software agents that carry out business tasks).5 Its own AI platforms are SASVA for software engineering, GenAI Hub and Agent Studio for business workflows, and iAURA for preparing company data for AI, and it holds 139 patents in AI infrastructure, data intelligence and autonomous agents.67 It also sells software products based on its own intellectual property.8

Anand Deshpande founded the company in 1990 and is its chairman and managing director.9 Its shares were listed in 2010 after an initial public offering that drew bids for 93 times the shares on offer.10 The shares are part of the MSCI India Index, the S&P BSE 100 and the S&P BSE SENSEX Next 50.11 It had 29,598 employees at the end of September 2026, 25,452 of them in India.1213 Its only material subsidiary (one that accounts for a large share of the group's income or net worth) is Persistent Systems Inc. in the United States.14

Persistent Systems key points

Results

  • In the quarter to Sep 2026, consolidated revenue was $487.6 million, up 20% on a year earlier, or ₹46,639 million, up 30.3% in rupees. It was the 26th quarter in a row of revenue growth over the previous quarter.1516
  • EBIT (profit before interest and tax) was ₹6,977.2 million, up 19.5%, a 15% margin, down 130 basis points (hundredths of a percentage point) on a year earlier.17
  • Profit after tax fell 25.4% to ₹3,515.1 million after ₹1,853.4 million of Nagarro deal costs; excluding them, operating profit after tax was ₹4,951.5 million, up 5%.18
  • In the year to Mar 2026, consolidated revenue was $1,654.4 million, up 17.4% in dollars and 23.5% in rupees. Profit after tax rose 33% to ₹18,651 million, the EBIT margin was 15.6% and EBITDA (EBIT before depreciation and amortisation) ₹27,064.18 million, up 31.5%.1920

Business segments

  • Revenue by segment in the quarter to Sep 2026, and growth on a year earlier2122
    Itemquarter to Sep 2026
    Software, Hi-Tech and Emerging Industries$208.5 million, up 28.5%
    Banking, Financial Services and Insurance$164.3 million, up 16.2%
    Healthcare and Life Sciences$114.8 million, up 12%
  • Growth in Software, Hi-Tech and Emerging Industries came from Software Reinvention Services, a new offering that helps enterprise software companies speed up their next products while improving the economics of the products they run today.2223

Where revenue comes from

  • In the quarter to Sep 2026, in dollar terms, revenue grew 22.5% in North America, 19.4% in India and 67% in the rest of the world, from a smaller base, and fell 8.5% in Europe, which the company put down to 2 client-specific events.24
  • In its exchange filing of 27 Jun 2026, the company said that combining with Nagarro would raise Europe's share of its revenue from 9% in the year to Mar 2026 to 22%, with North America at 62%.25

Customers and partners

  • Large companies among its clients, as the company states it26
    Itemquarter to Sep 2026
    Top technology companies9 of 10
    Top US banks7 of 10
    Top Indian banks5 of 10
    Fortune 50 companies18 of 50
  • The largest client brought 9.3% of revenue in the year to Mar 2026, against 10.4% a year earlier.27
  • In the year to Mar 2026, AWS made it a Strategic Global Systems Integrator and NVIDIA an Advanced Technology Partner.28

Deal bookings

  • In the quarter to Sep 2026, its total contract value (TCV, full value of contracts signed, renewals included) was $633.5 million, against $1,146.2 million in the quarter to Jun 2026, and annual contract value (ACV, the value due over a year) $481 million.2930
  • Over the 12 months to Sep 2026, TCV was $3,055.1 million, up 36.3% on a year earlier, and ACV $1,964.8 million, up 21.9%.3132

Nagarro acquisition

  • On 9 Oct 2026, the company said it had secured about 94.04% of Nagarro's share capital, excluding treasury shares. With more than 90%, it plans to squeeze out (compulsorily buy) the remaining shareholders after closing, though no final decision has been taken.33
  • In its presentation of 15 Oct 2026, the company said it expects to complete the Nagarro deal by Mar 2027, after approvals from the Reserve Bank of India and foreign investment authorities in Austria and Spain.34
  • In its presentation of 15 Oct 2026, the company said it plans to replace a €1.4 billion, 18-month bridge loan with up to $1,250 million of equity and borrowings, equity capped at $450 million; shareholders approved the equity raise in Oct 2026.3435
  • On 27 Jun 2026, the company announced an offer of €81 a share for all shares of Nagarro SE, a Munich-based digital engineering company with about 18,500 employees and revenue of €1 billion in the year to Dec 2025.36

What the company expects

  • On its earnings call of 15 Oct 2026, the company said its aspiration is a margin of 16% to 17%, a measure it did not name, and that it does not give forward-looking guidance.37
  • On its earnings call of 15 Oct 2026, the company said it expects one-time Nagarro deal expenses of about $50 million, including those in its results for the quarter to Sep 2026, with a further $25 million to $30 million to come.3839

Recent events

  • On 7 Jul 2026, ICRA placed the company's [ICRA]AA+ issuer rating on watch with negative implications (a signal that it may be lowered) after the Nagarro offer, then to be funded entirely through debt; on 22 Oct 2026, it kept the watch in place.404142
  • On 27 Jun 2026, the company told the exchange it had signed a 6.5-year agreement with a global technology company headquartered in the United States for product development, support and cloud operations, with a total contract value above $650 million.434445

Last updated

All 45 sources, each with its page
  1. 1. Annual report, 11 Jul 2026, page 251
  2. 2. Annual report, 11 Jul 2026, page 79
  3. 3. Annual report, 11 Jul 2026, page 184
  4. 4. Annual report, 11 Jul 2026, page 175
  5. 5. Investor presentation, 15 Oct 2026, page 7
  6. 6. Annual report, 11 Jul 2026, page 263
  7. 7. Investor presentation, 15 Oct 2026, page 17
  8. 8. Annual report, 11 Jul 2026, page 273
  9. 9. Annual report, 11 Jul 2026, page 6
  10. 10. Investor presentation, 15 Oct 2026, page 5
  11. 11. Annual report, 11 Jul 2026, page 75
  12. 12. Earnings call, 15 Oct 2026, page 8
  13. 13. Investor presentation, 15 Oct 2026, page 6
  14. 14. Annual report, 11 Jul 2026, page 162
  15. 15. Earnings call, 15 Oct 2026, page 8
  16. 16. Investor presentation, 15 Oct 2026, page 23
  17. 17. Earnings call, 15 Oct 2026, page 8
  18. 18. Earnings call, 15 Oct 2026, page 9
  19. 19. Annual report, 11 Jul 2026, page 83
  20. 20. Annual report, 11 Jul 2026, page 275
  21. 21. Investor presentation, 15 Oct 2026, page 12
  22. 22. Earnings call, 15 Oct 2026, page 5
  23. 23. Earnings call, 15 Oct 2026, page 10
  24. 24. Earnings call, 15 Oct 2026, page 5
  25. 25. Exchange filing, 27 Jun 2026, page 6
  26. 26. Investor presentation, 15 Oct 2026, page 8
  27. 27. Annual report, 11 Jul 2026, page 274
  28. 28. Annual report, 11 Jul 2026, page 84
  29. 29. Earnings call, 15 Oct 2026, page 4
  30. 30. Earnings call, 15 Oct 2026, page 19
  31. 31. Investor presentation, 15 Oct 2026, page 26
  32. 32. Earnings call, 15 Oct 2026, page 23
  33. 33. Exchange filing, 9 Oct 2026, page 2
  34. 34. Investor presentation, 15 Oct 2026, page 30
  35. 35. Investor presentation, 15 Oct 2026, page 31
  36. 36. Exchange filing, 27 Jun 2026, page 2
  37. 37. Earnings call, 15 Oct 2026, page 19
  38. 38. Earnings call, 15 Oct 2026, page 7
  39. 39. Earnings call, 15 Oct 2026, page 23
  40. 40. Exchange filing, 7 Jul 2026, page 2
  41. 41. Exchange filing, 7 Jul 2026, page 3
  42. 42. Exchange filing, 22 Oct 2026, page 2
  43. 43. Exchange filing, 27 Jun 2026, page 1
  44. 44. Exchange filing, 27 Jun 2026, page 2
  45. 45. Earnings call, 15 Oct 2026, page 12

Results

Consolidated; ₹ crore.Persistent Systems quarterly results

Revenue growth, 12 months
+27.1%
Net profit growth, 12 months
+8.3%

Quarter to Sep 2026, against the quarter before

Revenue
₹4,664 Crup 8.38%
Net profit
₹352 Crdown 27.23%
Net margin
7.5%

Revenue by quarter

₹3,062 CrDec 24₹3,242 CrMar 25₹3,334 CrJun 25₹3,581 CrSep 25₹3,778 CrDec 25₹4,056 CrMar 26₹4,303 CrJun 26₹4,664 CrSep 26
Peak revenue ₹4,664 Cr, quarter to Sep 2026; lowest ₹3,062 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹373 CrDec 24₹396 CrMar 25₹425 CrJun 25₹471 CrSep 25₹439 CrDec 25₹529 CrMar 26₹483 CrJun 26₹352 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue3,0623,2423,3343,5813,7784,0564,3034,664
Net profit373396425471439529483352
Net margin12.2%12.2%12.7%13.2%11.6%13.0%11.2%7.5%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Software, Hi-Tech and Emerging Industries₹5,883 Crup 19.75%39.9%
  • BFSI₹5,093 Crup 35.07%34.5%
  • Healthcare & Life Sciences₹3,772 Crup 15.88%25.6%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Persistent Systems PE ratio and valuation

Price to earnings

At or below today's level on 75% of 2,452 trading days over the last 10 years.

LowestHighest
Its median36.72Industry median16.61
Price to book

At or below today's level on 68% of 1,895 trading days since Oct 2018.

LowestHighest
Its median9.09Industry median2.47
Dividend yield

At or below today's level on 31% of 2,478 trading days over the last 10 years.

LowestHighest
Its median0.83%Industry median1.58%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−10.7%+31.3%−32.6%0.8%
3 years+29.1%+25.2%+2.6%0.7%
5 years+39.2%+32.4%+4.6%0.8%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Persistent Systems shareholding pattern

Shareholding by group

  • Promoters30.29%
  • Foreign institutions20.79%
  • Indian institutions31.96%
  • Individuals and others16.40%
  • Employee trusts0.55%
Holder
Anand Suresh DeshpandePromoter29.02%
Life Insurance Corporation of IndiaInsurance companies3.48%
Sbi Life Insurance Co. LtdInsurance companies2.02%
Shridhar Bhalchandra ShuklaResident individuals, over ₹2 lakh at face value1.40%
Hdfc Life Insurance Company LimitedInsurance companies1.24%
Government Pension Fund GlobalForeign portfolio investors, category I1.22%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions unchanged, Indian institutions +1.72 pts, mutual funds +0.47 pts.

Mutual fund holdings

299 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 113 of the 149 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 299 funds holding Persistent Systems

Bought for the first time
1
Bought again
5
Added
75
Cut
74
Held unchanged
141
Sold out
9
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Persistent Systems insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade
  • Others: no market trade · 49 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Persistent Systems competitors and peers

Computers - Software & Consulting, 98 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Persistent Systems in market cap.IT companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
HCL Technologies logoHCL TechnologiesHCLTECH3,85,34021.035.06+12.8%+7.9%24.9%31.4%4.23%
Wipro logoWiproWIPRO1,85,22814.062.35+8.2%−2.4%16.0%15.9%4.28%
Tech Mahindra logoTech MahindraTECHM1,77,54632.185.98+13.6%+23.7%19.3%26.7%2.82%
LTM logoLTMLTM1,20,41923.044.65+14.7%+7.4%21.2%27.3%1.92%
Coforge logoCoforgeCOFORGE88,47545.143.96+41.2%+68.0%13.4%10.7%0.60%
MphasiS logoMphasiSMPHASIS49,99826.174.65+13.7%+9.8%18.8%19.9%2.37%
Hexaware Technologies logoHexaware TechnologiesHEXT34,78825.895.18––21.5%26.4%3.16%
Tata Elxsi logoTata ElxsiTATAELXSI23,19934.627.96+10.0%−0.1%23.9%28.2%2.01%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Persistent Systems dividend history

Dividend per share, ₹, restated for later splits and bonuses

4.5Mar 175Mar 185.5Mar 196Mar 2010Mar 2116Mar 2225Mar 2326Mar 2435Mar 2540Mar 26
Highest ₹40.00 a share, year to Mar 2026.
Ex-dateTypePer share
27 Jul 2026Final₹18.00
27 Jan 2026Interim₹22.00
14 Jul 2025Final₹15.00
31 Jan 2025Interim₹20.00
9 Jul 2024Final₹10.00
30 Jan 2024Interim₹32.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Persistent Systems announcements

Persistent Systems share price by year

Each calendar year to 2025.Persistent Systems share price history

YearClose at year endChangeHighest closeLowest close
20256,272.00−2.9%6,563.504,402.75
20246,457.70+74.8%6,674.203,351.85
20233,694.70+90.9%3,759.531,925.95
20221,935.45−21.1%2,457.851,570.93
20212,452.18+223.3%2,452.18748.78
2020758.58+125.0%766.20231.88
2019337.08+8.3%345.20251.85
2018311.33−13.3%442.50268.88
2017359.00+16.5%359.00281.80
2016308.25−3.9%385.63292.93
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20265,600.005,873.505,600.005,850.005,767.244,58,95640.2%
23 Oct 20265,810.005,914.505,674.505,727.505,778.4411,73,56147.8%
22 Oct 20265,820.005,906.505,733.505,740.505,796.437,38,96745.5%
21 Oct 20265,700.005,868.005,690.005,858.505,791.649,11,86542.3%
19 Oct 20265,742.005,909.005,635.005,690.005,785.3612,77,18652.6%
16 Oct 20265,600.005,755.005,492.005,741.005,636.9121,96,57030.4%
15 Oct 20265,955.006,010.005,791.505,840.005,872.7213,34,83850.0%
14 Oct 20265,988.006,078.005,882.505,898.005,950.146,32,68144.7%
13 Oct 20265,801.006,008.505,787.005,988.005,941.6810,12,83940.6%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
28 Mar 2024Split0.5000Each share became 2.
10 Mar 2015Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director
Anand Deshpande
At the end of the quarter to Sep 2026
Chief executive
Sandeep Kalra
At the end of the quarter to Sep 2026
NSE symbol
PERSISTENT
BSE code
533179
ISIN
INE262H01021
Industry
IT - Software
CIN
L72300PN1990PLC056696
Corporate identity number, the registrar of companies' code for it
Incorporated
1990
Registered office
Bhageerath, 402, Senapati Bapat Road, Pune 411016, Maharashtra
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments