ALFA Finder| Management target | Revenue FY31 |
|---|
| Revenue growth | Persistent 23.9% 5-yr CAGR; Nagarro 18.4% 5-yr CAGR. |
|---|---|
| Margins | Persistent 15.6% EBIT; Nagarro 13.9% EBITDA. Target margin maintenance. |
| Order book | New $650M deal adds ~$125M ACV over 6.5 years. |
| Demand visibility | Strong; backed by $650M+ multi-year deal and European expansion. |
| Management confidence | High confidence in cultural fit and AI-led engineering synergies. |
Growth
Persistent reports $1.654B FY26 revenue with 23.9% 5-year CAGR. Nagarro brings $1.14B revenue and 18.4% 5-year CAGR.
Outlook
Aims for $5B revenue by FY31. Acquisition expected to be Cash EPS accretive in Year 1.
Risks
Integration complexity over two years; Nagarro's recent flat revenue growth and lower EBITDA margins (13.9%) vs Persistent.
Last quarter's promises, checked
Delivered
- Aspiration for $2B revenue by March 2027 → delivered $2.9B+ pro-forma via Nagarro (= BEAT)
- Maintain consistent dividend payout → interim dividend increased from Rs. 20 to Rs. 22 (= BEAT)
- Expansion of top client buckets → added 180+ $1M+ logos via Nagarro (= BEAT)
Partly delivered
- Aspiration for $5B revenue by FY31 → reaffirmed target post-acquisition (= PARTIAL)
Earnings Call filed with BSE, NSE: PERSISTENT. Summary written with AI assistance from the document.
Persistent Systems Ltd: key numbers
- Share price
- ₹5,973.50
- Market cap
- ₹99,061 Cr
- Revenue (annual)
- ₹14,748 Cr
- Net profit (annual)
- ₹1,865 Cr
- P/E (TTM)
- 54.9×Sector 23.6×
- Promoter holding
- 28.82%-1.47% QoQ
- FII holding
- 21.30%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Persistent Systems Ltd
All →Persistent Systems Debt & Borrowing: ₹600 Cr
Persistent Systems allotted 12,000 commercial papers worth INR 6 billion (₹600 Crore) on November 5, 2026. The one-year CPs carry an 8.75% yield and mature on November 5, 2027.
- Value
- ₹600.0 Cr
- Execution
- 1 year: allotment November 5, 2026 to maturity November 5, 2027
Persistent Systems Debt & Borrowing: ₹7,000 Cr
Persistent Systems Limited approved the allotment of 700,000 non-convertible debentures (NCDs) aggregating to ₹7,000 Crore. The senior rated debt, issued on a private placement basis, carries an 8.95% coupon.
- Value
- ₹7,000 Cr
- Execution
- 2 to 3 years
Persistent Systems Other Announcement
Persistent Systems filed its shareholding pattern for 26 October 2026, reflecting the increase in paid-up capital from its QIP allotment. The filing shows the post-allotment shareholding split.
Persistent Systems Investor Presentation: Key Takeaways
Q2 FY27: USD revenue $487.6M, +20% YoY (+30.3% INR). Operating PAT Rs4,951.5M, +5% YoY; reported PAT Rs3,515.1M, -25.4% on Nagarro costs. Nagarro acquisition pending.
Persistent Systems Credit Rating
Persistent Systems received credit ratings from ICRA for its proposed Commercial Paper and Non-Convertible Debentures totaling ₹8,000 Crore.
- Value
- ₹8,000 Cr
Persistent Systems Fund Raise of ₹4,265 Cr
Persistent Systems' board approved a Qualified Institutional Placement (QIP) of equity shares, aiming to raise up to ₹4,264.61 Crore.
- Value
- ₹4,265 Cr