Technology

Persistent Systems build software that drives the business of its customers; enterprises and software product companies with software at the core of their digital transformation.ON the asset and cash management side also the company looks stable zero debt and steady increase in cash flows. The cash from operations increased to `432cr in FY19 from `421cr in FY18. Also the working capital days shrunk to 30 days from 36 days in FY18. Currently, the stock trades at 2.2x of its book value and delivers 21.8% RoCE. With concrete business and steady returns, we recommend BUY on the stock.

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