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HomeSHARE MARKETCompany Approved ₹32 Dividend Per Share, Highest Dividend Ever Declared

Company Approved ₹32 Dividend Per Share, Highest Dividend Ever Declared

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Dividend Stock: There is good news for shareholders of engineering research and development service provider Persistent Systems (NSE: PERSISTENT).

This midcap IT company has declared a dividend. Along with this, the company is also going to do a stock split. The company has approved its highest-ever dividend payment with the December quarter results.

Meanwhile, on the last trading day, the stock gained 0.82 percent and closed at Rs 7,930.

Company Will Give A Dividend Of Rs 32 Per Share

The board of Persistent Systems has approved an interim dividend of ₹32 per share, the highest dividend ever declared by the company.

In January of last year, the board approved an amount of Rs28 as a dividend per share. The record date of this dividend payment has not been decided yet.

Share Splits Confirmed

Persistent Systems has also approved splits in its shares of equity at an amount of 1:2. 

It means an equity share that has a face value of 10 rupees will be divided into two shares that have an amount of Rs5 as their face value. 

The split of the stock is expected to be completed within three months after getting the required approvals.

What Were The Results Of The Quarter?

Persistent Systems reported net earnings of Rs286.1 crore in the period from October to December, 8.1 percent higher than the September quarter.

Revenue in US dollars was $300.5 million, roughly the same as a news channel estimate of $29.9 million. 

Revenue in rupee terms stood at ₹2,498 crore, while the survey was ₹2,485 crore. Revenue increased 3.6 percent compared to the previous quarter.

EBIT stood at Rs 363 crore, up 9 percent compared to the September quarter, while EBIT margin improved 60 basis points to 14.3% from 13.7% quarter-on-quarter.

About Persistent Systems Ltd

Persistent Systems Ltd is an Indian-based business. It offers strategic and engineering software to assist businesses in implementing and modernizing their operations. 

The company offers engineering services, cloud-based platform solutions, and Internet Protocol-based products. 

It offers frameworks and software with pre-built connectivity and speed. It has partnerships with various providers like Salesforce or AWS.

Fundamental Analysis of Persistent Systems Ltd

Market Cap₹ 60,937 Cr.
Current Price₹ 7,922
52-wk High7,965 
52-wk Low₹ 3,959
Stock P/E59.2
Book Value₹ 574
Dividend0.50 %
ROCE30.3 %
ROE25.3 %
Face Value₹ 10.0
P/B Value13.8
OPM17.4 %
EPS₹ 134
Debt₹ 555 Cr.
Debt to Equity0.13

Persistent Systems Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹8000₹8245
2025₹8400₹8500
2026₹8650₹8880
2027₹9000₹9340
2028₹9500₹9780
2029₹9900₹10585
2030₹11000₹11350
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Persistent Systems Ltd Shareholding Pattern

Promoters Holding
Dec 202231.26%
Mar 202331.26%
June  202331.06%
Sept  202331.06%
Dec  202331.06%
FII Holding
Sept 202220.29%
Dec 202220.55%
Mar 202320.50%
June 202321.34%
Sept 202324.55%
DII Holding
Sept 202226.40%
Dec 202227.60%
Mar 202328.04%
June 202328.67%
Sept 202326.13%
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Public Holding
Sept 202219.76%
Dec 202218.52%
Mar 202317.99%
June 202316.96%
Sept 202316.91%
Others Holding
Sept 20222.27%
Dec 20222.07%
Mar 20232.41%
June 20231.97%
Sept 20231.34%

Persistent Systems Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 3,366 Cr
2020₹ 3,566 Cr
2021₹ 4,188 Cr
2022₹ 5,711 Cr
2023₹ 9,486 Cr
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Last 5 Years’ Net Profit:

2019₹ 352 Cr
2020₹ 340 Cr
2021₹ 451 Cr
2022₹ 690 Cr
2023₹1,030 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220.13
20230.11

Last 10 Years’ Profit Growth:

10 Years:17%
5 Years:25%
3 Years:41%
Current Year:15%

Last 10 years’ Return on Equity (ROE):

10 Years:19%
5 Years:19%
3 Years:22%
Last Year:25%

Sales Growth Over 10 Years:

10 Years:20%
5 Years:22%
3 Years:33%
Current Year:23%

Company’s Positive Signs:

  • The company is expected to deliver satisfactory results in the quarter.
  • The company has posted growth in profit in the range of 24.6 percent CAGR over the past five years.
  • This company kept the dividend rate at 36.6 percent.
  • The median sales growth of the company is 17.4 percent over the last 10 years.

Company’s Negative Signs:

  • The company’s stock has a price of 13.4 times the book value.

Conclusion

This article is a complete guide about Persistent Systems Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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