R Systems International Ltd

₹ 303 4.96%

07 May - close price

About

R Systems is a leading provider of technology, artificial intelligence, analytics and knowledge services. It partners with customers to enable or elevate their digital transformation with diversified digital offerings including product engineering, cloud enablement, quality assurance testing and digital platforms and solutions. ^[1]^[2]

Key Points

Business Segments

Website BSE NSE

Market Cap ₹ 3,587 Cr.
Current Price ₹ 303
High / Low ₹ 497 / 229
Stock P/E 13.5
Book Value ₹ 58.3
Dividend Yield 4.13 %
ROCE 35.8 %
ROE 36.2 %
Face Value ₹ 1.00

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Pros

Company has delivered good profit growth of 25.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 35.1%

Cons

Earnings include an other income of Rs.110 Cr.
Debtor days have increased from 48.0 to 58.6 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Information Technology Information Technology IT - Services IT Enabled Services

Part of BSE Information Technology BSE 1000

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	225	229	243	207	209	226	235	242	277	259	288	339	320
	180	186	189	171	176	182	186	198	218	212	228	267	245
Operating Profit	45	43	54	36	33	44	49	43	59	47	60	71	75
OPM %	20%	19%	22%	18%	16%	20%	21%	18%	21%	18%	21%	21%	23%
	5	63	1	3	11	21	1	16	3	48	57	-22	26
Interest	1	2	2	3	3	2	1	2	1	2	4	7	9
Depreciation	6	6	6	6	6	6	6	5	11	5	6	13	13
Profit before tax	42	99	46	31	35	58	43	52	50	87	107	30	79
Tax %	23%	30%	26%	-21%	11%	29%	15%	24%	31%	22%	12%	22%	20%
	33	69	34	37	32	41	36	40	34	68	94	24	63
EPS in Rs	2.76	5.86	2.91	3.13	2.67	3.47	3.06	3.36	2.91	5.73	7.97	1.98	5.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025	TTM
	291	289	263	264	317	392	439	578	814	904	911	1,228	1,206
	235	236	211	235	278	334	352	470	663	724	738	971	953
Operating Profit	56	54	52	28	39	58	87	108	151	180	173	257	253
OPM %	19%	19%	20%	11%	12%	15%	20%	19%	19%	20%	19%	21%	21%
	53	74	17	14	9	15	13	47	7	71	46	63	110
Interest	1	0	0	0	0	0	4	4	4	8	8	14	21
Depreciation	7	10	7	7	7	9	13	15	20	24	23	50	38
Profit before tax	101	118	61	34	41	63	82	136	134	218	189	258	303
Tax %	26%	23%	33%	33%	24%	18%	14%	15%	16%	20%	21%	23%
	75	91	41	23	31	52	70	116	113	173	149	199	249
EPS in Rs	5.89	7.14	3.33	1.84	2.50	4.28	5.86	9.78	9.53	14.66	12.56	16.84	20.99
Dividend Payout %	99%	55%	0%	0%	24%	35%	0%	58%	68%	46%	100%	0%

Compounded Sales Growth
10 Years:	16%
5 Years:	23%
3 Years:	15%
TTM:	23%

Compounded Profit Growth
10 Years:	18%
5 Years:	25%
3 Years:	25%
TTM:	76%

Stock Price CAGR
10 Years:	18%
5 Years:	17%
3 Years:	6%
1 Year:	-6%

Return on Equity
10 Years:	28%
5 Years:	34%
3 Years:	35%
Last Year:	36%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Equity Capital	13	13	12	12	12	12	12	12	12	12	12	12
Reserves	162	186	208	235	257	263	331	342	378	471	501	678
	1	1	2	2	2	5	4	37	61	115	63	384
	118	50	49	60	65	85	116	84	113	208	158	197
Total Liabilities	294	250	272	309	337	364	463	475	564	806	735	1,271
	35	24	28	29	27	37	75	78	111	95	73	107
CWIP	0	0	3	0	2	2	0	0	3	0	4	0
Investments	74	128	119	117	119	134	115	117	117	373	374	775
	184	98	123	163	189	192	273	280	333	339	284	389
Total Assets	294	250	272	309	337	364	463	475	564	806	735	1,271

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
	55	25	33	30	23	51	78	58	87	177	166	138
	39	39	12	-35	-19	10	-51	42	11	-208	59	-339
	-53	-113	-19	-1	-9	-46	-0	-109	-78	-32	-206	218
Net Cash Flow	41	-49	25	-6	-5	15	26	-9	20	-63	19	18
Free Cash Flow	48	19	22	-14	-1	38	66	39	58	164	158	141
CFO/OP	142%	100%	103%	153%	87%	104%	107%	76%	76%	116%	120%	77%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Debtor Days	79	64	69	79	71	53	55	53	53	42	44	59
Inventory Days
Days Payable
Cash Conversion Cycle	79	64	69	79	71	53	55	53	53	42	44	59
Working Capital Days	-41	26	36	32	77	35	75	68	56	-21	26	24
ROCE %	34%	29%	27%	15%	16%	23%	27%	38%	33%	43%	33%	36%

Insights

In beta

Dec 2014

Dec 2015

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Dec 2025

Revenue Contribution from Top 10 Clients
%

xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx		x,xxx
	xx	xx	xx	xx	xx	xx	xx	xx	xx
	xx.xx	xx.xx			xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
					xx.xx	xx.xx	xx.xx	xx.xx	xx.xx		xx.xx

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Revenue Contribution from Top Client
%

Total Headcount (Associates)
Number

Number of Million Dollar Clients ($1M+ revenue)
Number

Utilization
%

Voluntary Attrition Rate
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

52 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	51.93%	51.93%	51.93%	51.93%	51.93%	51.93%	51.93%	51.90%	51.89%	51.89%	51.88%	51.85%
	0.17%	0.19%	0.25%	0.61%	0.60%	0.43%	3.99%	3.96%	3.57%	3.60%	3.55%	3.76%
	0.71%	0.69%	0.78%	1.03%	1.10%	1.72%	7.44%	8.66%	8.83%	8.94%	9.41%	8.60%
	47.22%	47.20%	47.06%	46.45%	46.38%	45.95%	36.65%	35.48%	35.71%	35.58%	35.15%	35.78%
No. of Shareholders	27,863	28,584	29,341	30,437	31,210	32,235	34,290	35,368	38,040	40,294	38,668	44,372

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	50.93%	50.90%	51.17%	51.60%	51.58%	51.67%	51.67%	51.93%	51.90%	51.85%
	0.00%	0.01%	0.00%	0.00%	0.00%	0.51%	0.25%	0.61%	3.96%	3.76%
	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.03%	8.66%	8.60%
	49.06%	49.09%	48.83%	48.40%	48.42%	47.82%	48.08%	46.45%	35.48%	35.78%
No. of Shareholders	15,438	14,418	12,196	10,733	12,335	34,950	30,097	30,437	35,368	44,372

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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