Provides IT services and software consulting to global clients across three industry verticals — Banking, Financial Services and Insurance (BFSI), Healthcare and Life Sciences, and Software, Hi-Tech and Emerging Industries. For the year ended March 2026 (FY26), these verticals generated ₹3,770.968 crore, ₹3,255.145 crore and ₹4,912.604 crore in revenue respectively, against consolidated FY26 revenue of ₹14,748.449 crore. In the June 2026 quarter (Q1 FY27), revenue reached USD 452.4 million, up 16.1% year-on-year and 3.8% sequentially, marking 25 consecutive quarters of sequential revenue growth. The company booked a record quarterly Total Contract Value of USD 1.15 billion in Q1 FY27, including a USD 650M+ multi-year deal spanning 6.5 years with an existing US technology client. Employee costs dominate the cost structure at 68.8% of revenue, with other operating expenses at 12.2% and depreciation at 2.7%. The company has agreed to acquire German-listed Nagarro SE for EUR 1.27 billion in cash, funded via a EUR 1.4 billion bridge facility; the combined entity is expected to generate around USD 2.9 billion in annual revenue with 46,000+ employees across 40+ countries. EBITDA margin for FY26 stood at 19.57%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Banking, Financial Services and Insurance (BFSI), Healthcare & Life Sciences, Software, Hi-Tech and Emerging Industries. People-heavy, asset-light IT services and consulting.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5,711 | 8,351 | 9,822 | 11,939 | 14,748 |
| EBITDA (ex other income) | 958 | 1,489 | 1,676 | 2,058 | 2,706 |
| margin % | 16.8 | 17.8 | 17.1 | 17.2 | 18.4 |
| Owners' profit | 690 | 921 | 1,093 | 1,400 | 1,865 |
| EPS, as reported (₹) | 90.34 | 123.73 | 72.44 | 91.22 | 119.74 |
| ROE % · ROCE % | 20.5 · 23.4 | 23.2 · 27.6 | 22.1 · 28.8 | 22.2 · 28.6 | 23.8 · 29.4 |
| Debt / equity (x) | 0.13 | 0.11 | 0.04 | 0.00 | 0.00 |
| Cash from operations | 845 | 956 | 1,221 | 1,157 | 1,767 |
| Capex | (385) | (433) | (284) | (433) | (13) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,897 | 3,062 | 3,242 | 3,334 | 3,581 | 3,778 | 4,056 | 4,303 |
| Profit before tax | 435 | 482 | 505 | 555 | 617 | 565 | 674 | 623 |
| Net profit | 325 | 373 | 396 | 425 | 471 | 439 | 529 | 483 |
| EPS (₹) | 21.19 | 24.28 | 25.64 | 27.43 | 30.31 | 28.15 | 33.83 | 30.88 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| BFSI | 1,396 | 9.5 |
| Healthcare & Life Sciences | 1,066 | 7.2 |
| Software, Hi-Tech and Emerging Industries | 5,883 | 39.9 |
| Banking, Financial Services and Insurance (BFSI) | 3,697 | 25.1 |
| Healthcare & Life Sciences | 2,706 | 18.3 |
| Total, before eliminations | 14,748 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Board approves fund raising plan of up to USD 1,250 million | board shareholder meetings | medium | — | — |
| 2 Sept 2026 · Persistent Systems board approves up to USD 1.25 billion fund raise plan | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Persistent Systems gets Crisil ESG rating of 77, placed in Leadership category | business updates | low | — | — |
| 1 Sept 2026 · Investor session with Millennium Management UAE cancelled | investor communications | low | — | — |
| 31 Aug 2026 · Persistent Systems gets ESG rating of A with score 83.3 from SES ESG Research | business updates | medium | — | — |
| 30 Aug 2026 · Board meeting on Sept 2 to consider fund raising via debt or securities | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Persistent Systems to meet Millennium Management on September 1, 2026 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Persistent Systems gets ESG score of 71, rated 'Excellent' for FY26 | business updates | medium | — | — |
| 24 Aug 2026 · Persistent Systems meets MFS International; no new info shared | investor communications | low | — | — |
| 20 Aug 2026 · Persistent Systems shares outcome of August 20 investor session | investor communications | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| ROCE % |
|---|
| Rev CAGR 5y % |
|---|
| EBITDA m. % |
|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,51,018 | 26.6 | 5.02 | 16.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD ◆ | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 44.8 | 16.6 | 63 of 71 | 11% |
| P/B | 11.1 | 2.9 | 58 of 64 | 10% |
| ROCE | 28.5 | 14.2 | 6 of 78 | 94% |
| ROE | 23.8 | 11.5 | 6 of 67 | 92% |
| Debt / Equity | 0.0 | 0.0 | 4 of 68 | 64% |
| EBITDA margin | 17.8 | 18.4 | 35 of 65 | 47% |
| Revenue growth | 29.1 | 10.6 | 14 of 63 | 79% |
| Profit growth | 13.7 | 6.7 | 27 of 62 | 57% |
| Market cap | 87015 | 475 | 7 of 75 | 92% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
