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 ₹ 2,822 Cr.
- Current Price ₹ 238
- High / Low ₹ 447 / 214
- Stock P/E 12.0
- Book Value ₹ 78.9
- Dividend Yield 2.52 %
- ROCE 32.5 %
- ROE 34.5 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 24.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.5%
- Company has been maintaining a healthy dividend payout of 70.8%
Cons
- Debtor days have increased from 50.3 to 65.4 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 1,101 | 1,289 | |
| 235 | 236 | 211 | 235 | 278 | 334 | 352 | 470 | 663 | 724 | 738 | 875 | 1,005 | |
| Operating Profit | 56 | 54 | 52 | 28 | 39 | 58 | 87 | 108 | 151 | 180 | 173 | 226 | 284 |
| OPM % | 19% | 19% | 20% | 11% | 12% | 15% | 20% | 19% | 19% | 20% | 19% | 21% | 22% |
| 53 | 74 | 17 | 14 | 9 | 15 | 13 | 47 | 7 | 71 | 46 | 83 | 58 | |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 4 | 8 | 8 | 14 | 28 |
| Depreciation | 7 | 10 | 7 | 7 | 7 | 9 | 13 | 15 | 20 | 24 | 23 | 22 | 46 |
| Profit before tax | 101 | 118 | 61 | 34 | 41 | 63 | 82 | 136 | 134 | 218 | 189 | 274 | 268 |
| Tax % | 26% | 23% | 33% | 33% | 24% | 18% | 14% | 15% | 16% | 20% | 21% | 19% | |
| 75 | 91 | 41 | 23 | 31 | 52 | 70 | 116 | 113 | 173 | 149 | 223 | 216 | |
| 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 | 18.82 | 18.28 |
| Dividend Payout % | 99% | 55% | 0% | 0% | 24% | 35% | 0% | 58% | 68% | 46% | 100% | 66% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 20% |
| 3 Years: | 11% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 24% |
| 3 Years: | 23% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 2% |
| 3 Years: | -22% |
| 1 Year: | -45% |
| Return on Equity | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 34% |
| 3 Years: | 34% |
| Last Year: | 35% |
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 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 162 | 186 | 208 | 235 | 257 | 263 | 331 | 342 | 378 | 471 | 501 | 678 | 923 |
| 1 | 1 | 2 | 2 | 2 | 5 | 4 | 37 | 61 | 115 | 63 | 384 | 349 | |
| 118 | 50 | 49 | 60 | 65 | 85 | 116 | 84 | 113 | 208 | 158 | 197 | 239 | |
| Total Liabilities | 294 | 250 | 272 | 309 | 337 | 364 | 463 | 475 | 564 | 806 | 735 | 1,271 | 1,523 |
| 35 | 24 | 28 | 29 | 27 | 37 | 75 | 78 | 111 | 95 | 73 | 107 | 545 | |
| CWIP | 0 | 0 | 3 | 0 | 2 | 2 | 0 | 0 | 3 | 0 | 4 | 0 | 1 |
| Investments | 74 | 128 | 119 | 117 | 119 | 134 | 115 | 117 | 117 | 373 | 374 | 775 | 506 |
| 184 | 98 | 123 | 163 | 189 | 192 | 273 | 280 | 333 | 339 | 284 | 389 | 471 | |
| Total Assets | 294 | 250 | 272 | 309 | 337 | 364 | 463 | 475 | 564 | 806 | 735 | 1,271 | 1,523 |
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 | -340 | |
| -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 | 17 |
| 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% | 87% |
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 | 65 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 79 | 64 | 69 | 79 | 71 | 53 | 55 | 53 | 53 | 42 | 44 | 65 |
| Working Capital Days | -41 | 26 | 36 | 32 | 77 | 35 | 75 | 68 | 56 | -21 | 26 | 27 |
| ROCE % | 34% | 29% | 27% | 15% | 16% | 23% | 27% | 38% | 33% | 43% | 33% | 32% |
Insights
In beta| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| DSO (Billed Receivables) days |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Considering And Approving The Declaration Of Second Interim Dividend For The Year 2026
- Board to meet on September 25, 2026 to consider second interim dividend for 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
- Company Secretary & Compliance Officer Piyush Jain resigned, effective August 24, 2026; replacement being identified.
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Announcement under Regulation 30 (LODR)-Allotment
- 3,270 equity shares allotted on August 18, 2026 under Management Incentive Plan 2023.
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2024
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Annual Report 2023
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Annual Report 2023
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Annual Report 2022
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Annual Report 2022
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Annual Report 2021
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Annual Report 2021
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Annual Report 2020
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Annual Report 2020
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Annual Report 2019
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Annual Report 2019
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Annual Report 2018
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Annual Report 2018
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Concalls
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Aug 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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May 2022Transcript PPT
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Business Segments[1]
a) Information Technology Services (91% in Q1 CY26 vs 89% in Q1 CY25): [2]
The company’s core offerings include software product engineering, cloud and DevOps, data and AI, quality engineering, embedded systems and firmware, automation and digital operations, experience design, and application modernization.