Persistent Techniques Ltd., included within the 12 months 1990, is a Mid Cap firm (having a market cap of Rs 27763.29 Crore) working in IT Software program sector.
Persistent Techniques Ltd. key Merchandise/Income Segments embody Software program Companies and Software program Licence for the 12 months ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the corporate reported a Consolidated Complete Revenue of Rs 1899.09 Crore, up 13.05 % from final quarter Complete Revenue of Rs 1679.93 Crore and up 49.68 % from final 12 months identical quarter Complete Revenue of Rs 1268.73 Crore. Firm reported internet revenue after tax of Rs 211.61 Crore in newest quarter.
Funding Rationale
The brokerage has factored in USD income progress at +34.8/20.0% and EBITM at 13.1/13.8% for FY23/24E, leading to FY22-24E EPS CAGR of 27%. At CMP, PSYS is buying and selling at a PE of 31.5/25.0x FY23/24E.
Promoter/FII Holdings
Promoters held 31.26 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 20.45 per cent, DIIs 25.94 per cent.
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