Persistent Systems Share Price: 24.1% CAGR in 3 Years as the Pune Software Firm Takes On Coforge and Zensar
- November 10, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Persistent Systems Share Price: 24.1% CAGR in 3 Years as the Pune Software Firm Takes On Coforge and Zensar
Persistent Systems previous close Rs 6,040. 3-year CAGR 24.1%. Up 1.9x since 9 Nov 2023. ROE 20.99%. Market cap Rs 1,00,063 crore.
Quick Answer
The Persistent Systems share price closed at Rs 6,040 on 9 November 2026, a compounded annual return of 24.1% over three years. That compares with Coforge at 25.9% and Zensar Technologies at 4.8%. The company has a market cap of Rs 1,00,063 crore and a P/E of 55.49 against an industry P/E of 19.36.
The Persistent Systems share price has been one of the standout stories among mid-sized technology companies. Persistent Systems, the Pune-based software product engineering and digital services firm, has almost doubled investor money in three years, which is a strong result in a sector that has often moved sideways.
This article sets that run beside Coforge and Zensar Technologies. We calculate the three-year CAGR for all three and place the results next to market cap, valuation, return on equity and debt, using prices adjusted for corporate actions, so that readers searching for a fair comparison get one view.
Click Here – Get Free Investment Predictions
How Much Has the Persistent Systems Share Price Returned in 3 Years?
The Persistent Systems stock closed at Rs 3,159.85 on 9 November 2023 and at Rs 6,040.00 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.91 lakh, which is a CAGR of 24.1%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Persistent Systems can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The Persistent Systems share price has also benefited from steady demand for software engineering and digital transformation work, where global clients outsource product development and cloud projects to Indian firms.
Persistent Systems vs Coforge and Zensar Technologies: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.
| Company | Close on 9 Nov 2023 | Previous close (9 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Coforge | Rs 1,025.62 | Rs 2,047.00 | 2.0x | 25.9% |
| Persistent Systems | Rs 3,159.85 | Rs 6,040.00 | 1.9x | 24.1% |
| Zensar Technologies | Rs 491.65 | Rs 565.80 | 1.2x | 4.8% |
The Persistent Systems stock ranks second of the three at 24.1%. It sits ahead of Zensar Technologies (4.8%). The company ahead is Coforge (25.9%). Coforge finished ahead of Persistent Systems, and Zensar trailed both. Persistent is the largest of the three by market cap, so its yearly return came on a bigger base of capital than the other two.
Look at the Persistent Systems share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| Persistent Systems | Rs 1,00,063 crore | 55.49 | 19.36 | 20.99% | 0.07 |
| Coforge | Rs 90,739 crore | 43.22 | 19.36 | 9.80% | 0.27 |
| Zensar Technologies | Rs 12,855 crore | 16.39 | 19.36 | 16.11% | 0.01 |
By market cap, Persistent Systems is the largest of the group at Rs 1,00,063 crore, which gives it the scale advantage over Coforge, Zensar Technologies. On earnings, Persistent Systems shares trade at a P/E of 55.49 against an industry P/E of 19.36, a premium of about 187%, which signals that the market expects faster earnings growth. Peer multiples are Coforge at 43.22 and Zensar Technologies at 16.39.
Return on equity is 20.99% for the Persistent Systems stock, which ranks first among the three, and debt to equity stands at 0.07. Trailing EPS is Rs 108.74. IT services stocks are usually valued on earnings growth, so a premium multiple is worth reading together with return on equity and the pace of new deal wins.
What Is Driving the Persistent Systems Stock?
Persistent Systems builds software products and digital platforms for clients in banking and financial services, healthcare and life sciences, and software and internet companies. Much of its work is engineering heavy, which tends to be sticky because clients rely on it for long running product roadmaps.
The company has expanded its mix of cloud, data and artificial intelligence projects over the last few years. Larger deals and a growing client base help revenue visibility, although quarterly numbers can still move with client budgets and currency.
Followers of the Persistent Systems share price usually track deal wins, margin trends, hiring and attrition, and the share of revenue from large clients, because these decide how steadily the business can keep growing.
How the Established Players Stack Up
Coforge is a Noida-based IT services firm with strength in travel, banking and insurance clients, and it has grown through large multi-year deals. It compounded at 25.9% a year, on a market cap of Rs 90,739 crore and an ROE of 9.80%.
Zensar Technologies is a Pune-based digital and technology services company that works with clients in retail, manufacturing and financial services. It compounded at 4.8% a year, on a market cap of Rs 12,855 crore and an ROE of 16.11%.
What Should Investors Track Next?
Three things are worth watching on the Persistent Systems share price. First, the strength of the deal pipeline. Second, operating margins as hiring picks up. Third, how global technology budgets behave through the coming quarters.
At a P/E of 55, expectations are high. A premium multiple leaves less room for an earnings miss, so size any position with that in mind.
Check the Univest Screener for live fundamentals of IT stocks
How to Compare IT Stocks Yourself
You can repeat this exercise for any pair of stocks, including the Persistent Systems stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Persistent Systems share price, the same four checks give a more complete picture than price alone.
Download the Univest iOS App or Univest Android App to track the Persistent Systems share price and compare IT stocks live.
A Large Mid-Cap IT Compounder With Strong Return on Equity
The Persistent Systems share price compounded at 24.1% a year over three years, ahead of Zensar at 4.8% and behind Coforge at 25.9%. Its ROE of 20.99% and low debt reflect a healthy financial profile.
Coforge brings the faster return, while Zensar offers a smaller business at a lower multiple. The right pick depends on how much valuation risk you are willing to carry.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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).
Frequently Asked Questions
What is the Persistent Systems share price today?
Ans. Persistent Systems closed at Rs 6,040 on 9 November 2026, according to NSE data. It has a market cap of Rs 1,00,063 crore and a P/E of 55.49. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the Persistent Systems stock?
Ans. Persistent Systems delivered a price CAGR of 24.1% over three years, moving from Rs 3,159.85 on 9 November 2023 to Rs 6,040.00 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is Persistent Systems better than Coforge?
Ans. The Coforge stock delivered a higher three-year CAGR at 25.9% than Persistent Systems at 24.1%. Persistent is larger by market cap at Rs 1,00,063 crore and has a stronger ROE at 20.99% against 9.80%, although its P/E of 55.49 is higher than the 43.22 of Coforge. The better choice depends on your view of each business.
What does Persistent Systems do?
Ans. Persistent Systems is a Pune-based software product engineering and digital services company that serves clients across banking, healthcare and technology.
Is the Persistent Systems stock debt free?
Ans. The debt to equity ratio of the Persistent Systems stock is 0.07 and its return on equity is 20.99%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is Persistent Systems expensive compared with the industry?
Ans. Persistent Systems trades at a P/E of 55.49 against an industry P/E of 19.36. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which IT stock gave the highest return in 3 years?
Ans. Among the companies compared here, Coforge delivered the highest three-year CAGR at 25.9%, followed by Persistent Systems at 24.1%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.
