R Systems International Ltd

AI

R Systems International Ltd

₹ 240 -1.11%
11 Sep 4:08 p.m.
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[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.

  • Market Cap 2,848 Cr.
  • Current Price 240
  • High / Low 469 / 214
  • Stock P/E 12.2
  • Book Value 78.9
  • Dividend Yield 2.48 %
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
229 243 207 209 226 235 242 277 292 288 339 320 343
186 189 171 176 182 186 198 218 236 228 267 240 269
Operating Profit 43 54 36 33 44 49 43 59 56 60 71 80 73
OPM % 19% 22% 18% 16% 20% 21% 18% 21% 19% 21% 21% 25% 21%
63 1 3 11 21 1 16 3 48 57 -22 21 1
Interest 2 2 3 3 2 1 2 1 2 4 7 9 9
Depreciation 6 6 6 6 6 6 5 11 12 6 13 13 14
Profit before tax 99 46 31 35 58 43 52 50 90 107 30 79 51
Tax % 30% 26% -21% 11% 29% 15% 24% 31% 24% 12% 22% 20% 30%
69 34 37 32 41 36 40 34 68 94 24 63 36
EPS in Rs 5.86 2.91 3.13 2.67 3.47 3.06 3.36 2.91 5.77 7.97 1.98 5.31 3.02
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 1,101 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: 4%
3 Years: -20%
1 Year: -47%
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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North America Revenue Share
% of revenue
Top 10 Client Concentration
% of revenue
Total Billable Associates (Headcount)
associates
Voluntary Attrition (Permanent Employees)
%
Blended Utilization
%
Repeat Business
% of revenue

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
51.93% 51.93% 51.93% 51.93% 51.93% 51.93% 51.90% 51.89% 51.89% 51.88% 51.85% 51.85%
0.19% 0.25% 0.61% 0.60% 0.43% 3.99% 3.96% 3.57% 3.60% 3.55% 3.76% 3.83%
0.69% 0.78% 1.03% 1.10% 1.72% 7.44% 8.66% 8.83% 8.94% 9.41% 8.60% 6.53%
47.20% 47.06% 46.45% 46.38% 45.95% 36.65% 35.48% 35.71% 35.58% 35.15% 35.78% 37.79%
No. of Shareholders 28,58429,34130,43731,21032,23534,29035,36838,04040,29438,66844,37244,973

* 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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