R S Software (India) Ltd

₹ 57.5 -10.00%

07 Nov 4:01 p.m.

rssoftware.com BSE: 517447 NSE: RSSOFTWARE

About

Incorporated in 1987, R S Software (India)
Ltd provides development, testing and maintenance of software for its clients^[1]

Key Points

Business Overview:^[1]^[2]
RSSL provides software solution to electronic payment industries. It deals in software development, maintenance, testing and software project management under client server and web-based technologies. Their major infrastructure is located in Kolkata. After discontinuance of its contract with Visa Inc., RSSL has shifted its focus from service to product/ platform development, digital payments, in-country networks. Company operates in US and India

Website BSE NSE

Market Cap ₹ 147 Cr.
Current Price ₹ 57.5
High / Low ₹ 247 / 46.3
Stock P/E
Book Value ₹ 28.4
Dividend Yield 0.44 %
ROCE 9.27 %
ROE 9.11 %
Face Value ₹ 5.00

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Company has low interest coverage ratio.
Company has a low return on equity of 10.6% over last 3 years.
Company's cost of borrowing seems high

* 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	4.72	8.37	12.25	11.08	10.94	19.30	18.23	18.75	17.20	12.68	8.68	7.77	6.07
	8.12	7.67	8.55	7.93	9.36	12.21	11.86	14.27	10.81	12.20	9.79	9.69	10.23
Operating Profit	-3.40	0.70	3.70	3.15	1.58	7.09	6.37	4.48	6.39	0.48	-1.11	-1.92	-4.16
OPM %	-72.03%	8.36%	30.20%	28.43%	14.44%	36.74%	34.94%	23.89%	37.15%	3.79%	-12.79%	-24.71%	-68.53%
	0.24	0.09	0.27	0.10	2.13	0.23	2.18	0.09	0.12	0.08	0.25	0.08	0.05
Interest	0.00	0.00	0.22	0.05	0.05	0.04	0.04	0.03	0.03	0.02	0.02	0.01	0.01
Depreciation	0.63	0.66	1.11	0.89	0.90	0.93	0.94	1.10	1.04	0.48	0.93	1.25	1.25
Profit before tax	-3.79	0.13	2.64	2.31	2.76	6.35	7.57	3.44	5.44	0.06	-1.81	-3.10	-5.37
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.21%	-7.72%	0.00%	0.00%	0.00%	0.00%
	-3.79	0.13	2.64	2.31	2.77	6.35	7.56	3.03	5.86	0.06	-1.81	-3.10	-5.37
EPS in Rs	-1.47	0.05	1.03	0.90	1.08	2.47	2.94	1.18	2.28	0.02	-0.70	-1.20	-2.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	352	346	171	71	57	61	60	35	28	30	60	57	35
	278	255	171	105	101	94	86	47	36	32	41	47	42
Operating Profit	74	91	1	-34	-43	-33	-26	-12	-8	-1	18	10	-7
OPM %	21%	26%	0%	-48%	-75%	-54%	-44%	-34%	-31%	-5%	31%	18%	-19%
	7	12	15	12	9	6	12	2	4	1	5	1	0
Interest	1	0	0	0	0	1	19	1	0	0	0	0	0
Depreciation	5	6	4	4	2	2	3	4	3	3	4	4	4
Profit before tax	75	96	12	-26	-37	-30	-36	-14	-8	-4	19	7	-10
Tax %	31%	33%	31%	-37%	-30%	-20%	73%	0%	49%	0%	0%	0%
	51	65	8	-16	-26	-24	-63	-14	-11	-4	19	7	-10
EPS in Rs	19.99	25.27	3.09	-6.34	-10.01	-9.29	-24.38	-5.63	-4.42	-1.58	7.39	2.76	-3.96
Dividend Payout %	15%	13%	16%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-16%
5 Years:	-1%
3 Years:	28%
TTM:	-52%

Compounded Profit Growth
10 Years:	-20%
5 Years:	16%
3 Years:	38%
TTM:	-145%

Stock Price CAGR
10 Years:	-7%
5 Years:	22%
3 Years:	28%
1 Year:	-77%

Return on Equity
10 Years:	-12%
5 Years:	-2%
3 Years:	11%
Last Year:	9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	13	13	13	13	13	13	13	13	13	13	13	13	13
Reserves	153	200	202	188	162	139	75	61	48	43	62	69	61
	0	0	0	1	8	9	9	15	7	8	2	1	1
	24	18	25	13	14	12	9	6	8	10	17	13	14
Total Liabilities	190	232	240	215	197	173	106	95	75	74	93	96	88
	18	12	9	8	7	6	15	11	7	8	6	10	14
CWIP	1	1	1	0	0	6	0	0	0	0	4	3	0
Investments	54	67	72	108	89	63	42	35	40	33	32	32	32
	117	151	159	99	101	98	49	49	28	33	53	51	43
Total Assets	190	232	240	215	197	173	106	95	75	74	93	96	88

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	49	59	16	-44	-25	-39	-25	-10	11	-9	12	4
	-33	-10	7	-22	29	25	27	9	-4	7	-0	-8
	-6	-11	-1	-3	-0	-0	-0	-0	-8	-0	0	-0
Net Cash Flow	10	38	21	-69	4	-15	1	-1	-0	-3	12	-4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	48	49	37	94	63	37	35	106	51	10	69	30
Inventory Days				0		0		0	0		0	0
Days Payable
Cash Conversion Cycle	48	49	37	94	63	37	35	106	51	10	69	30
Working Capital Days	35	48	22	136	52	62	77	162	2	81	89	144
ROCE %	52%	50%	2%	-16%	-22%	-19%	-16%	-16%	-9%	-6%	27%	9%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	40.67%	40.67%	40.67%	40.67%	40.67%	40.67%	40.67%	40.67%	40.50%	40.50%	40.70%	40.88%
	1.95%	1.95%	1.95%	1.95%	1.95%	0.99%	1.04%	3.22%	3.30%	1.24%	0.91%	0.77%
	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.41%	0.06%	0.05%	0.05%	0.05%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	57.31%	57.31%	57.33%	57.31%	57.31%	58.28%	58.22%	55.67%	56.14%	58.20%	58.33%	58.28%
No. of Shareholders	26,856	26,427	25,377	23,811	22,933	21,555	21,988	24,478	25,047	26,129	25,787	25,384

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
	40.46%	40.46%	40.46%	40.67%	40.67%	40.67%	40.67%	40.67%	40.50%	40.88%
	2.70%	1.63%	1.10%	1.85%	1.95%	2.21%	1.95%	0.99%	1.24%	0.77%
	0.62%	0.51%	0.06%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	51.73%	52.91%	53.89%	57.41%	57.32%	57.06%	57.31%	58.28%	58.20%	58.28%
	4.47%	4.47%	4.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
No. of Shareholders	28,300	26,049	24,516	22,762	24,416	27,837	26,427	21,555	26,129	25,384

* 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.

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R S Software (India) Ltd

R S Software (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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