# Persistent Systems share price today (Persistent Systems Ltd, NSE: PERSISTENT)

> Persistent Systems share price today: ₹6,065.00 at the NSE close on 4 November 2026, up 4.9% in a year. Persistent Systems (NSE: PERSISTENT) is worth ₹1,00,578 crore, trades at a P/E of 53.8 and has closed between ₹4,330.20 and ₹6,520.50 over the past 52 weeks. > Persistent Systems Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. PERSISTENT · IT - ER&D · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/persistent-systems-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹6,065.00 (+4.9% in a year)
- P/E: 53.8× (higher than 79% of the last 11 years)
- Revenue (Sep 2026): ₹4,664 Cr (+30.2% on a year ago)
- Profit (Sep 2026): ₹352 Cr (−25.3% on a year ago)
- Operating margin: 14.0% (−5.0 points on a year ago)
- ROCE: 34%, FY26
- ROIC: 27.9%, against a 12.0% cost of capital: +15.9 points

The main question: yearly earnings per share moved +30.6% while the share price moved +4.9%. ## What is the Persistent Systems share price today? Persistent Systems Ltd's share price was ₹6,065.00 at the close on 4 November 2026. It has been rising for 8 weeks. That is 11.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹4,330 and ₹6,521, and at that close it sat 79% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 16 weeks in a row. Over the last 11 years the share price moved +1,924% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Persistent Systems this quarter? Three changes stood out: profit fell in the September 2026 quarter, revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) and lowest operating margin in 16 quarters. 1. Profit fell in the September 2026 quarter Profit was ₹352 crore, -25.3% on a year earlier (₹471 crore), after 11 quarters of growth. Why: Profit fell because the company booked costs tied to buying Nagarro. Next results: check whether Nagarro deal costs keep hitting profit, since management expects them over the next few quarters. From the earnings call on 15 Oct 2026. 2. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹4,664 crore, +30.2% on a year earlier. Why: Revenue rose because software and hi-tech work grew strongly, helped by a large software company contract. Next results: check whether slipped deals close, since management blamed slower decisions on economic and Middle East issues. From the earnings call on 15 Oct 2026. 3. Lowest operating margin in 16 quarters Operating margin was 14% in the September 2026 quarter, against 19% a year earlier. Why: Margin fell because pay rises added to costs. Next results: check whether the cost of third-party tools on the big deal eases, since management expects it to last a few more quarters. From the earnings call on 15 Oct 2026. ## What are Persistent Systems' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Persistent Systems reported revenue of ₹4,664 crore, up 30.2% from ₹3,581 crore a year earlier, and a profit of ₹352 crore, down 25.3% from ₹471 crore. ### Persistent Systems results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹4,664 crore | ₹3,581 crore | +30.2% |
| Profit | ₹352 crore | ₹471 crore | −25.3% |
| Earnings per share | ₹22.28 | ₹30.15 | −26.1% |
| Operating margin | 14.0% | 19.0% | −5.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Persistent Systems' management discussed these results on a call held on 15 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Persistent Systems share price history? Persistent Systems closed at ₹6,065.00 on 4 November 2026, up 4.9% from ₹5,781.00 a year earlier (7 November 2025) and up 199.6% over five years. Its highest weekly close since March 2016 was ₹6,520.50 on 5 December 2025. ### Persistent Systems share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹6,048.00 | +0.3% |
| 1 month ago · 1 Oct 2026 | ₹5,367.00 | +13.0% |
| 6 months ago · 8 May 2026 | ₹5,113.60 | +18.6% |
| 1 year ago · 7 Nov 2025 | ₹5,781.00 | +4.9% |
| 3 years ago · 3 Nov 2023 | ₹3,143.08 | +93.0% |
| 5 years ago · 4 Nov 2021 | ₹2,024.68 | +199.6% |
| 10 years ago · 4 Nov 2016 | ₹324.48 | +1,769.1% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹299.70 | +1,923.7% |
| Highest weekly close since March 2016, also the 52-week high · 5 Dec 2025 | ₹6,520.50 | −7.0% |
| Lowest weekly close since March 2016 · 24 Apr 2020 | ₹234.15 | +2,490.2% |
| 52-week low (weekly close) · 1 Jul 2026 | ₹4,330.20 | +40.1% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on Persistent Systems? 4 Nov 2026: Persistent Systems closed at ₹6,065.00, up 0.3% on the week and up 13.0% on the month. 15 Oct 2026: Persistent Systems held its results call for July to September 2026. Management guided: Nagarro closing expected in Q4 CY26 or Q1 CY27. ### Earlier

- Results for July to September 2026: Revenue up 30.2% and profit down 25.3% on a year earlier. - 27 Jul 2026: ex-date for a dividend of ₹18 a share. - 27 Jan 2026: ex-date for an interim dividend of ₹22 a share. - 28 Mar 2024: Share split: face value cut from ₹10 to ₹5 a share (ex-date). ## What dividend does Persistent Systems pay? Persistent Systems paid ₹40 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.66% at the ₹6,065.00 close on 4 November 2026. The last was a dividend of ₹18 a share, ex-date 27 July 2026. ### Persistent Systems dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 27 Jul 2026 | ₹18 | Dividend | same day |
| 27 Jan 2026 | ₹22 | Interim | same day |
| 14 Jul 2025 | ₹15 | Dividend | same day |
| 31 Jan 2025 | ₹20 | Interim | same day |
| 9 Jul 2024 | ₹10 | Dividend | n/a |
| 30 Jan 2024 | ₹32 | Interim | same day |
| 11 Jul 2023 | ₹22 | Dividend + Special | n/a |
| 25 Jan 2023 | ₹28 | Interim | 27 Jan 2023 |
| 11 Jul 2022 | ₹11 | Dividend | n/a |
| 27 Jan 2022 | ₹20 | Interim | 29 Jan 2022 |
| 13 Jul 2021 | ₹6 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Persistent Systems Ltd paid out 34% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Persistent Systems management say on the latest results call? On the call for July to September 2026, held on 15 October 2026, Persistent Systems' management guided: Nagarro closing expected in Q4 CY26 or Q1 CY27. > “No. What we have announced is at the lower end of the range, and it could be higher on the upside.”
> Sandeep Kalra, on the call for July to September 2026

### What management guided

- Raise US$1.25 billion through debt and equity, including US$450 million through equity or equity-linked instruments. - Transaction expenses of approximately US$50 million over 3-4 quarters. - Persistent acquisition debt cost expected at 5%-6% net when raised. - EBIT margin aspiration of 16%-17%; large-deal amortization expected to persist for 2-3 quarters before easing. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/5774/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 15 October 2026.)

## What to watch in Persistent Systems' next results? When Persistent Systems reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Outstanding FDI and RBI approvals and Nagarro settlement progress against the stated closing window. - What to check (from the call)
- Outstanding FDI and RBI approvals and Nagarro settlement progress against the stated closing window. - Sequential EBIT trend as wage pressure and large-deal amortization interact with cost optimization and revenue scaling. - Conversion of slipped opportunities as macro and Middle East decision delays evolve. - Healthcare and Life Sciences pipeline translating into sustained segment growth. ## Which stock lists is Persistent Systems on? Persistent Systems is on 3 of our India lists: Momentum stocks, Small & mid cap stocks and IT stocks. - [Momentum stocks Market cap cr: 100577.91666666666](https://www.sectoralpha.in/momentum-stocks-india)
- [Small & mid cap stocks Size rank in India: 108](https://www.sectoralpha.in/small-cap-stocks-india)
- [IT stocks Market value (₹ crore): 100577.91666666666](https://www.sectoralpha.in/sectors/it-stocks-india)

## Is Persistent Systems profitable? Persistent Systems Ltd earned ₹352 Cr of net profit in the Sep 2026 quarter, −25.3% on the same quarter a year earlier. Full-year FY26 profit was ₹1,865 Cr. Over 10 years profit has grown 21.0% a year on average. That is 7.5% of the quarter's revenue. The same quarter a year earlier earned ₹471 Cr. For the full year, FY26 profit was ₹1,865 Cr (+33.2% on the year before). Why profit moved: revenue changed +30.2% on a year earlier and the margin moved −5.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +9.9% and revenue +26.9%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Persistent Systems make, and is it growing? Persistent Systems Ltd reported ₹4,664 Cr of revenue in the Sep 2026 quarter, +30.2% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 20.4% a year on average. The last full year, FY26, came in at ₹14,748 Cr. The last four reported quarters add to ₹16,801 Cr. FY26 revenue was ₹14,748 Cr, +23.5% on the year before. Recent pace: the last four quarters grew +26.9% on average, against 20.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +27.1%, against +25.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +8.3%, against +21.0% a year (rolling over). ## How much of every ₹100 of sales does Persistent Systems keep? Persistent Systems Ltd's operating margin was 14.0% in the Sep 2026 quarter, 5.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 14.0% and 25.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −5.5 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Persistent Systems' profit turning into cash? Over the last 3 years, 97% of Persistent Systems Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,767 Cr of operating cash against ₹1,865 Cr of profit. After ₹679 Cr of spending on assets, ₹1,088 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 97% of profit came in as cash: the cash cycle got 33 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 1.5× depreciation over three years. The next section checks what that spending is building. ## Where does Persistent Systems' cash go? Persistent Systems Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 83 days in FY26, up from 50 days in FY21. It spent ₹1,556 Cr on assets over the last 3 years. At FY26 sales of ₹14,748 Cr, each day of that cycle ties up about ₹40.4 Cr, so roughly ₹3,354 Cr is tied up in the business at any time. Spending on assets: ₹1,556 Cr over the last 3 years, against ₹1,019 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹38.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Persistent Systems' P/E ratio, and how does it compare with its own history? Persistent Systems Ltd's P/E is 53.8×, near the high end of its own history: higher than 79% of past readings. Its usual P/E (the middle reading) is 36.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹114.31. Why the multiple is where it is: over the past year earnings per share moved +30.6% while the price moved +4.9%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +24.5% a year; about +24.7% a year came from earnings growth and about −0.2 percentage points from the multiple (roughly no change); over 10 years the price moved +34.0% a year; about +20.1% a year came from earnings growth and about +13.9 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Persistent Systems business getting better or worse? Persistent Systems Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE falling at 29.0%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Persistent Systems earn on its capital? Persistent Systems Ltd earned a ROCE of 34% in FY26. That is up from a low of 18% in FY20. Its return on capital used (ROIC) is 15.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 12.6% net margin and 1.30× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 12.6% net margin × 1.30× asset turnover × 1.45× leverage (assets divided by equity) ≈ 23.8% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 27.9% − 12.0% = +15.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 27.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 31.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Persistent Systems have too much debt? Persistent Systems Ltd has total debt of ₹575 Cr against shareholder equity of ₹8,589 Cr as of Sep 2026, so its debt is 0.07× its equity, which is very little. Year by year, that ratio went from 0.17 in FY22 to 0.06 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Persistent Systems shareholding pattern? Domestic institutions raised their stake in Persistent Systems Ltd by 7.8 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 34.0% of the company. Foreign institutions moved −3.4 points over the same period, to 21.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +7.8 points over 8 quarters, to 34.0%; Foreign institutions: −3.4 points over 8 quarters, to 21.3%; Promoters: −1.8 points over 8 quarters, to 28.8%. Why the owners changed: foreign institutions moved −3.4 points and domestic institutions +7.8 points over 8 quarters, while promoters moved −1.8 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Persistent Systems from balance-sheet trouble? For Persistent Systems Ltd, the Z-score is 14.19. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 14.19 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Persistent Systems rank in its industry? 55.2 out of 100, rank 4 of 8 in IT - ER&D, with 100% of the evidence available. Persistent Systems Ltd scores 55.2 out of 100 against the 8 companies it is compared with in IT - ER&D, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 17.9 + 18.9 + 8.6 + 9.8 = 55.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Persistent Systems compared with? Persistent Systems ranks 4 of 8 IT - ER&D companies on the 4-Factor Sector Score, with 55.2 out of 100. 1. [Onward Technologies Ltd](https://www.sectoralpha.in/stocks/onward-technologies-ltd) ONWARDTEC · leader · Most evidence points up · 78% evidence 70.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.0/35 · Revenue 13.2% · Profit 17.1% · Operating margin change 2 points · 100% evidence Capital efficiency 15.6/25 · ROCE 22.9% · Operating margin 16% · 100% evidence Valuation 16.5/20 · P/E 17.1× · PEG 0.38 · 65% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 41.1% · 1 year 26.5% · 25% evidence · 10 of 12 weeks ahead Exact sum: 26 + 15.6 + 16.5 + 12.5 = 70.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [TAAL Tech Ltd](https://www.sectoralpha.in/stocks/taal-tech-ltd) TAALTECH · leader · Evidence leans up · 81% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 18.6% · Profit 19.2% · Operating margin change 1 points · 88% evidence Capital efficiency 17.6/25 · ROCE 27.5% · Operating margin 34% · 100% evidence Valuation 11.7/20 · P/E 20.9× · PEG 1.13 · 100% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 24.3% · 1 year 31.4% · 25% evidence · 12 of 12 weeks ahead Exact sum: 20.9 + 17.6 + 11.7 + 12 = 62.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [L&T Technology Services Ltd](https://www.sectoralpha.in/stocks/l-t-technology-services-ltd) LTTS · breaking out · Evidence leans up · 85% evidence 61.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.7/35 · Revenue 9.2% · Profit 20.9% · Operating margin change 2 points · 100% evidence Capital efficiency 15.7/25 · ROCE 26.7% · Operating margin 19% · 100% evidence Valuation 7.1/20 · P/E 32.6× · PEG 2.86 · 100% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 22.7% · 1 year 3.9% · 25% evidence · 5 of 12 weeks ahead Exact sum: 26.7 + 15.7 + 7.1 + 11.6 = 61.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. Persistent Systems Ltd this page PERSISTENT · leader · Evidence leans up · 100% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.9/35 · Revenue 27.1% · Profit 8.3% · Operating margin change -5 points · 100% evidence Capital efficiency 18.9/25 · ROCE 34.4% · Operating margin 14% · 100% evidence Valuation 8.6/20 · P/E 53.6× · PEG 1.46 · 100% evidence Relative strength 9.8/20 · Lead over its industry 2.4% · Lead over NIFTY 500 15.6% · 1 year 2.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 17.9 + 18.9 + 8.6 + 9.8 = 55.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Tata Elxsi Ltd](https://www.sectoralpha.in/stocks/tata-elxsi-ltd) TATAELXSI · turning · Evidence leans down · 100% evidence 45.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 10% · Profit 0% · Operating margin change 1 points · 100% evidence Capital efficiency 18.4/25 · ROCE 30% · Operating margin 22% · 100% evidence Valuation 6.7/20 · P/E 32.8× · PEG 5.23 · 100% evidence Relative strength 3.9/20 · Lead over its industry -18.6% · Lead over NIFTY 500 -7.9% · 1 year -30.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 16.7 + 18.4 + 6.7 + 3.9 = 45.7 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 6. [Tata Technologies Ltd](https://www.sectoralpha.in/stocks/tata-technologies-ltd) TATATECH · quiet · Evidence leans down · 85% evidence 40.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.0/35 · Revenue 21.9% · Profit -18.9% · Operating margin change 0 points · 100% evidence Capital efficiency 11.0/25 · ROCE 20.9% · Operating margin 16% · 100% evidence Valuation 5.9/20 · P/E 40× · PEG 7.27 · 100% evidence Relative strength 9.4/20 · Lead over its industry n/a · Lead over NIFTY 500 0.4% · 1 year -6.5% · 25% evidence · 3 of 12 weeks ahead Exact sum: 14 + 11 + 5.9 + 9.4 = 40.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Cyient Ltd](https://www.sectoralpha.in/stocks/cyient-ltd) CYIENT · breaking out · Evidence leans down · 67% evidence 37.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.2/35 · Revenue 10.3% · Profit -34.2% · Operating margin change 2 points · 95% evidence Capital efficiency 7.8/25 · ROCE 12.3% · Operating margin 14% · 76% evidence Valuation 6.8/20 · P/E 30.6× · PEG n/a · 50% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 19.5% · 1 year -2.4% · 25% evidence · 10 of 12 weeks ahead Exact sum: 12.2 + 7.8 + 6.8 + 11.1 = 37.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [KPIT Technologies Ltd](https://www.sectoralpha.in/stocks/kpit-technologies-ltd) KPITTECH · basing · Evidence leans down · 85% evidence 37.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.6/35 · Revenue 9.2% · Profit -31.1% · Operating margin change -3 points · 100% evidence Capital efficiency 15.5/25 · ROCE 26.3% · Operating margin 16% · 100% evidence Valuation 9.4/20 · P/E 25.2× · PEG 6.64 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -29.4% · 1 year -54.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 4.6 + 15.5 + 9.4 + 7.5 = 37 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [IT - ER&D](https://www.sectoralpha.in/sectors/it-er-d), all 8 compared on one page. ## Which companies are close to Persistent Systems in size? Persistent Systems is the largest of 8 IT - ER&D companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: L&T Technology Services, Tata Technologies, Tata Elxsi, KPIT Technologies, Cyient and TAAL Tech. ### IT - ER&D companies close in size

1. Persistent Systems Ltd ₹1,00,296 crore
2. [L&T Technology Services Ltd](https://www.sectoralpha.in/stocks/l-t-technology-services-ltd) ₹45,411 crore
3. [Tata Technologies Ltd](https://www.sectoralpha.in/stocks/tata-technologies-ltd) ₹26,276 crore
4. [Tata Elxsi Ltd](https://www.sectoralpha.in/stocks/tata-elxsi-ltd) ₹23,614 crore
5. [KPIT Technologies Ltd](https://www.sectoralpha.in/stocks/kpit-technologies-ltd) ₹14,536 crore
6. [Cyient Ltd](https://www.sectoralpha.in/stocks/cyient-ltd) ₹12,615 crore
7. [TAAL Tech Ltd](https://www.sectoralpha.in/stocks/taal-tech-ltd) ₹1,298 crore

[All 8 IT - ER&D companies, largest first](https://www.sectoralpha.in/sectors/it-er-d#all-companies)

### Companies close in size in other industries

1. [Tata Consumer Products Ltd](https://www.sectoralpha.in/stocks/tata-consumer-products-ltd) ₹1,01,533 crore · FMCG - Foods
2. [Aditya Birla Capital Ltd](https://www.sectoralpha.in/stocks/aditya-birla-capital-ltd) ₹1,01,156 crore · Conglomerate Backed NBFC
3. Persistent Systems Ltd ₹1,00,296 crore
4. [FSN E-Commerce Ventures Ltd](https://www.sectoralpha.in/stocks/fsn-e-commerce-ventures-ltd) ₹1,00,078 crore · New age - Platform - E-Retail
5. [Siemens Energy India Ltd](https://www.sectoralpha.in/stocks/siemens-energy-india-ltd) ₹99,831 crore · Electrical Equipments/HVDC

## What else do people ask about Persistent Systems? ### What is Persistent Systems's share price today? Persistent Systems Ltd's share price is ₹6,065.00, +4.9% over the past year. The whole company is worth ₹1,00,578 Cr on the market. In the last 52 weeks it traded between ₹4,330 to ₹6,521; today it is 79% of the way up from the low, 11.8% above its 200-day average (as of 4 November 2026). ### What were Persistent Systems's latest quarterly results? Persistent Systems Ltd reported revenue of ₹4,664 Cr and net profit of ₹352 Cr for the Sep 2026 quarter. Revenue rose 30.2% and profit fell 25.3% compared with a year earlier. Earnings per share were ₹22.28. The operating margin was 14.0%, 5.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is Persistent Systems's market cap? Persistent Systems Ltd's market capitalisation is ₹1,00,578 Cr at a share price of ₹6,065.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Persistent Systems performing? Persistent Systems Ltd's share price has been rising for 8 weeks. In its latest quarter, revenue rose 30.2% and profit fell 25.3% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 16 weeks running (as of 4 November 2026). ### Will Persistent Systems's share price go up? This page does not forecast Persistent Systems Ltd's share price. What it shows instead: the share price is ₹6,065.00, and it has been rising for 8 weeks. Its P/E of 53.8× is higher than 79% of its own last 11 years (as of 4 November 2026). ### Who owns Persistent Systems? Promoters own 28.8% of Persistent Systems Ltd, foreign institutions 21.3%, domestic institutions 34.0% and the public 15.1% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 7.8 percentage points over 8 quarters (as of 4 November 2026). ### Does Persistent Systems have too much debt? No, Persistent Systems Ltd has little debt: its debt is 0.06× its equity, and its operating profit is 38 times its interest bill. FY26 borrowings were ₹477 Cr against equity of ₹7,838 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is Persistent Systems in its business cycle? Persistent Systems Ltd's FY26 operating margin was 19.0%, against a 13-year range of 14.0% to 25.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 14.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Persistent Systems story? The main question: yearly earnings per share moved +30.6% while the share price moved +4.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Persistent Systems a stock worth studying right now? What the numbers show: Persistent Systems Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Persistent Systems share price forecast for 2026? What management itself guided: Nagarro closing expected in Q4 CY26 or Q1 CY27. ## Lists

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