R Systems International Ltd
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]
- Market Cap ₹ 4,722 Cr.
- Current Price ₹ 399
- High / Low ₹ 523 / 274
- Stock P/E 20.0
- Book Value ₹ 46.8
- Dividend Yield 3.13 %
- ROCE 33.4 %
- ROE 29.8 %
- Face Value ₹ 1.00
Pros
- Stock is providing a good dividend yield of 3.17%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.3%
- Company has been maintaining a healthy dividend payout of 71.4%
Cons
- Stock is trading at 8.43 times its book value
- Earnings include an other income of Rs.124 Cr.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 270 | 291 | 289 | 263 | 264 | 317 | 392 | 439 | 578 | 814 | 904 | 911 | 1,033 | |
| 214 | 235 | 236 | 211 | 235 | 278 | 334 | 353 | 470 | 663 | 724 | 738 | 832 | |
| Operating Profit | 55 | 56 | 54 | 52 | 28 | 39 | 58 | 86 | 108 | 151 | 180 | 173 | 200 |
| OPM % | 21% | 19% | 19% | 20% | 11% | 12% | 15% | 20% | 19% | 19% | 20% | 19% | 19% |
| 4 | 53 | 74 | 17 | 14 | 9 | 15 | 13 | 47 | 7 | 71 | 46 | 124 | |
| Interest | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 4 | 8 | 8 | 9 |
| Depreciation | 5 | 7 | 10 | 7 | 7 | 7 | 9 | 13 | 15 | 20 | 24 | 23 | 21 |
| Profit before tax | 54 | 101 | 118 | 61 | 34 | 41 | 63 | 82 | 136 | 134 | 218 | 189 | 294 |
| Tax % | 32% | 26% | 23% | 33% | 33% | 24% | 18% | 15% | 15% | 16% | 20% | 21% | |
| 37 | 75 | 91 | 41 | 23 | 31 | 52 | 70 | 116 | 113 | 173 | 149 | 237 | |
| EPS in Rs | 2.88 | 5.89 | 7.14 | 3.33 | 1.84 | 2.50 | 4.28 | 5.83 | 9.78 | 9.53 | 14.66 | 12.56 | 19.99 |
| Dividend Payout % | 71% | 99% | 55% | 0% | 0% | 24% | 35% | 0% | 58% | 68% | 46% | 100% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 18% |
| 3 Years: | 16% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 24% |
| 3 Years: | 9% |
| TTM: | 62% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 27% |
| 3 Years: | 15% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 32% |
| 3 Years: | 33% |
| Last Year: | 30% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Jun 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 175 | 162 | 186 | 208 | 235 | 257 | 263 | 331 | 342 | 378 | 471 | 501 | 543 |
| 1 | 1 | 1 | 2 | 2 | 2 | 5 | 4 | 37 | 61 | 115 | 63 | 123 | |
| 66 | 118 | 50 | 49 | 60 | 65 | 85 | 117 | 84 | 113 | 208 | 158 | 172 | |
| Total Liabilities | 255 | 294 | 250 | 272 | 309 | 337 | 364 | 464 | 475 | 564 | 806 | 735 | 850 |
| 33 | 35 | 24 | 28 | 29 | 27 | 37 | 75 | 78 | 111 | 95 | 73 | 94 | |
| CWIP | 1 | 0 | 0 | 3 | 0 | 2 | 2 | 0 | 0 | 3 | 0 | 4 | 2 |
| Investments | 80 | 74 | 128 | 119 | 117 | 119 | 134 | 115 | 117 | 117 | 373 | 374 | 374 |
| 140 | 184 | 98 | 123 | 163 | 189 | 192 | 274 | 280 | 333 | 339 | 284 | 379 | |
| Total Assets | 255 | 294 | 250 | 272 | 309 | 337 | 364 | 464 | 475 | 564 | 806 | 735 | 850 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 55 | 25 | 33 | 30 | 23 | 51 | 79 | 58 | 87 | 177 | 166 | |
| -3 | 39 | 39 | 12 | -35 | -19 | 10 | -51 | 42 | 11 | -208 | 59 | |
| -22 | -53 | -113 | -19 | -1 | -9 | -46 | -1 | -109 | -78 | -32 | -206 | |
| Net Cash Flow | -4 | 41 | -49 | 25 | -6 | -5 | 15 | 26 | -9 | 20 | -63 | 19 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 78 | 79 | 64 | 69 | 79 | 71 | 53 | 55 | 53 | 53 | 42 | 44 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 78 | 79 | 64 | 69 | 79 | 71 | 53 | 55 | 53 | 53 | 42 | 44 |
| Working Capital Days | 23 | -41 | 26 | 36 | 32 | 77 | 35 | 75 | 68 | 56 | -21 | 26 |
| ROCE % | 30% | 34% | 29% | 27% | 15% | 16% | 23% | 27% | 38% | 33% | 43% | 33% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 Nov - Investor/analyst meetings in Mumbai on December 1–2, 2025 (physical, one-on-one/group).
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
21 Nov - R Systems elevated to UiPath Diamond Partner; named UiPath Agentic Automation Fast Track Partner, Nov 21, 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
14 Nov - Transcript of earnings call for the quarter ended September 30, 2025
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 14 Nov
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Announcement under Regulation 30 (LODR)-Allotment
14 Nov - Allotment of 6,539 equity shares (INR1) and grant of 36,000 RSUs under MIP, effective Nov 14, 2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
from nse
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Mar 2023Transcript PPT
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Dec 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022Transcript PPT
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Mar 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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May 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Mar 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Feb 2017TranscriptNotesPPT
Business Segments