Persistent Systems Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹88,090 Cr
- Book Value
- ₹496.7
- Stock P/E
- 44.3
- Dividend Yield
- 0.73%
- ROE
- 27.2%
- ROCE
- 34.4%
- PEG Ratio
- 1.23
- EV/EBITDA
- 28.4
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Persistent Systems share price today
Persistent Systems (NSE: PERSISTENT) has spent a decade proving mid-cap IT can outgrow the giants without buying revenue: 28.6% sales CAGR and 35.9% profit CAGR over five years, all organic muscle in digital engineering — the build-software-products end of IT, not the maintain-legacy end. ROCE of 34.4% says the growth is profitable, not purchased.
The stock trades at 44× — nearly double the large-cap IT multiple — with a PEG of 1.23. That premium is a bet that Persistent keeps taking share as enterprise spending shifts from maintenance to product engineering (and now, AI-led platform work). The scenarios test it.
Why Persistent grows when TCS doesn’t
Large Indian IT is tethered to legacy estates: enormous, sticky, slow-growing. Persistent lives where budgets grow — healthcare and BFSI clients building actual software products, cloud-native platform work, and increasingly AI-integration engagements where engineering depth beats headcount. A founder-shaped culture (deep engineering respect, low bench politics) shows up as consistent large-deal wins and industry-leading growth guidance credibility.
Watch-items: US demand cycles (mid-caps feel client-budget freezes faster than giants), pricing pressure as AI compresses some engineering effort (double-edged — it also creates the new work), and wage inflation against an 18.3% OPM that runs below large-cap peers.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹88,090 Cr |
| P/E (TTM) | 44.3 |
| EV/EBITDA | 28.4 |
| Operating margin | 18.3% |
| ROE / ROCE | 27.2% / 34.4% |
| Debt to equity | 0.06 |
| Sales CAGR (5y) | 28.6% |
| Profit CAGR (5y) | 35.9% |
| Promoter holding | 30.3% (zero pledged) |
| EPS (TTM) | ₹124.2 |
Persistent Systems share price target 2026 to 2030
EPS base ₹124.2 (TTM). Bear: US tech spending freezes and mid-cap premiums evaporate — 10% growth at 28×. Base: digital engineering demand persists — 18% growth at 36×. Bull: AI-platform work accelerates share gains — 24% growth at 44×.
| Year | Bear (28×, +10%) | Base (36×, +18%) | Bull (44×, +24%) |
|---|---|---|---|
| 2026 | ₹3,825 | ₹5,275 | ₹6,775 |
| 2027 | ₹4,205 | ₹6,225 | ₹8,400 |
| 2028 | ₹4,630 | ₹7,345 | ₹10,420 |
| 2029 | ₹5,090 | ₹8,670 | ₹12,920 |
| 2030 | ₹5,600 | ₹10,230 | ₹16,020 |
From ₹5,499, the base case is ≈ +86% over four and a half years plus a small yield. The bear case is essentially flat — the premium multiple absorbs the slow years. IT services is cyclical enough that the buy range below matters more here than for most quality names: this stock reliably offers 25% drawdowns in demand scares.
Reasons to own Persistent Systems (at the right price)
- The best organic growth record in Indian IT — 36% profit CAGR without acquisition accounting.
- Positioned where IT budgets grow: product engineering, platforms, AI integration.
- 34.4% ROCE — profitable share gains, not bought revenue.
- Founder-engineering culture converts to deal-win consistency.
- Margin headroom: 18.3% OPM has structural room versus larger peers.
The risks: US demand cycles hit mid-caps first, AI’s effect on engineering pricing cuts both ways, and a 44× multiple in a cyclical sector guarantees volatility.
Should you buy at the current price?
The live buy range below is for members — this name rewards patience for its drawdowns.
FAQ
What is the Persistent Systems share price target for 2030? Base case ≈ ₹10,230 (36× on 18% compounded growth), bear ≈ ₹5,600, bull ≈ ₹16,020. Arithmetic above.
Why does Persistent trade at double the large-cap IT multiple? Growth: it compounds sales near 30% while large caps grow single digits. The market pays for the delta — the risk is any quarter that narrows it.
Is AI a threat to Persistent? Both threat and tailwind: AI compresses some engineering effort but creates platform-integration demand where Persistent’s depth wins. So far the net has been market-share gains.
When are Persistent’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.