Persistent Systems vs Coforge vs Mphasis: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Persistent Systems PE 44.07, mkt cap Rs 84,759 crore. Coforge PE 41.62, mkt cap Rs 79,896 crore. Mphasis PE 22.57, mkt cap Rs 43,118 crore.
Quick Answer
Persistent Systems vs Coforge vs Mphasis is a side-by-side comparison of three companies from the IT Services (Mid-cap) space. On this comparison, Persistent Systems carries a market capitalisation of about Rs 84,759 crore against Rs 79,896 crore for Coforge and Rs 43,118 crore for Mphasis, with return on equity of 23.80%, 16.31% and 17.34% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Persistent Systems vs Coforge vs Mphasis starts with the core numbers most investors compare within the IT Services (Mid-cap) segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the IT Services (Mid-cap) bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
Click Here – Get Free Investment Predictions
Persistent Systems, Coforge and Mphasis: Company Overview
Persistent Systems is a listed Indian company in the IT Services (Mid-cap) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Coforge is a listed Indian company in the IT Services (Mid-cap) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Mphasis is a listed Indian company in the IT Services (Mid-cap) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Persistent Systems vs Coforge vs Mphasis: Valuation and Profitability Snapshot
| Metric | Persistent Systems | Coforge | Mphasis |
|---|---|---|---|
| Market Cap (approx.) | Rs 84,759 crore | Rs 79,896 crore | Rs 43,118 crore |
| PE Ratio (TTM) | 44.07 | 41.62 | 22.57 |
| PB Ratio | 10.81 | 3.04 | 4.01 |
| Return on Equity (ROE) | 23.80% | 16.31% | 17.34% |
| EPS (TTM, Rs) | 121.92 | 43.34 | 100.05 |
| Dividend Yield | 0.74% | 0.66% | 2.74% |
| Debt to Equity | 0.06 | 0.08 | 0.24 |
| Book Value per Share (Rs) | 496.85 | 594.05 | 562.65 |
Check the Univest Screener for Live Data
On valuation, Persistent Systems trades at a PE of 44.07 and a PB of 10.81, Coforge at a PE of 41.62 and a PB of 3.04, while Mphasis trades at a PE of 22.57 and a PB of 4.01. On return on equity, the three post 23.80%, 16.31% and 17.34% respectively, and on dividend yield they stand at 0.74%, 0.66% and 2.74%.
Persistent Systems vs Coforge vs Mphasis: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Persistent Systems | Rs 4,373.87 crore | Rs 483.04 crore | +29.1% | +7.0% |
| Coforge | Rs 5,554.50 crore | Rs 531.70 crore | +49.2% | +24.2% |
| Mphasis | Rs 4,466.91 crore | Rs 489.51 crore | +17.1% | +2.7% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
Download the Univest iOS App or Univest Android App to track Persistent Systems, Coforge and Mphasis live prices.
What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three it services (mid-cap) names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Persistent Systems vs Coforge vs Mphasis highlights how differently three companies in the same it services (mid-cap) segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Persistent Systems vs Coforge vs Mphasis
What is the market cap difference between Persistent Systems, Coforge and Mphasis?
Ans. As of September 2026, Persistent Systems has a market cap of approximately Rs 84,759 crore, Coforge is at approximately Rs 79,896 crore, and Mphasis is at approximately Rs 43,118 crore.
Which of the three has the highest PE ratio?
Ans. Among Persistent Systems, Coforge and Mphasis, the PE ratios stand at 44.07, 41.62 and 22.57 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Persistent Systems, Coforge and Mphasis post ROE of 23.80%, 16.31% and 17.34% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Persistent Systems, Coforge and Mphasis carry dividend yields of 0.74%, 0.66% and 2.74% respectively.
What is the debt to equity ratio for Persistent Systems, Coforge and Mphasis?
Ans. Persistent Systems carries a debt to equity of 0.06, Coforge of 0.08, and Mphasis of 0.24.
Which of the three trades at the highest price to book value?
Ans. Persistent Systems, Coforge and Mphasis trade at price to book ratios of 10.81, 3.04 and 4.01 respectively.
Is one of Persistent Systems, Coforge or Mphasis better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
