R Systems International Ltd

R Systems International Ltd

₹ 308 -2.30%
20 Feb - 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

  • Market Cap 3,646 Cr.
  • Current Price 308
  • High / Low 497 / 274
  • Stock P/E 17.9
  • Book Value 66.9
  • Dividend Yield 4.06 %
  • ROCE 22.8 %
  • ROE 28.7 %
  • Face Value 1.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%

Cons

  • Company might be capitalizing the interest cost
  • Debtor days have increased from 61.6 to 76.5 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
400 404 407 457 416 417 432 444 449 442 462 499 555
342 350 354 375 354 363 371 376 378 372 392 427 462
Operating Profit 57 54 53 82 63 54 61 68 71 71 70 72 94
OPM % 14% 13% 13% 18% 15% 13% 14% 15% 16% 16% 15% 14% 17%
2 5 4 0 2 2 4 2 4 2 47 2 -22
Interest 2 2 2 3 3 3 2 2 2 1 2 4 7
Depreciation 10 10 10 17 17 17 17 17 16 15 16 17 19
Profit before tax 48 48 46 62 44 36 47 52 57 57 99 53 46
Tax % 14% 25% 68% 29% -3% 24% 47% 23% 31% 32% 24% 34% 20%
41 36 14 44 46 27 25 40 39 39 76 35 36
EPS in Rs 3.50 3.03 1.22 3.72 3.88 2.32 2.10 3.37 3.30 3.26 6.41 2.98 3.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Mar 2020 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
605 588 593 700 809 809 881 1,156 1,516 1,685 1,742 1,958
533 518 560 643 736 736 764 995 1,316 1,432 1,485 1,652
Operating Profit 73 71 33 57 73 73 116 161 200 252 257 307
OPM % 12% 12% 6% 8% 9% 9% 13% 14% 13% 15% 15% 16%
70 17 16 19 15 15 11 42 10 11 8 29
Interest 1 1 0 0 2 2 6 5 5 9 8 14
Depreciation 14 12 13 14 15 15 26 28 35 54 65 66
Profit before tax 128 76 35 63 72 72 96 170 170 200 192 255
Tax % 23% 29% 36% 19% 19% 19% 15% 17% 18% 30% 32% 27%
98 54 23 51 58 58 82 141 140 140 131 186
EPS in Rs 7.71 4.33 1.82 4.12 4.83 4.86 6.84 11.96 11.81 11.84 11.09 15.73
Dividend Payout % 51% 0% 0% 14% 31% 0% 0% 48% 55% 57% 113% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 17%
3 Years: 9%
TTM: 12%
Compounded Profit Growth
10 Years: 15%
5 Years: 20%
3 Years: 13%
TTM: 55%
Stock Price CAGR
10 Years: 18%
5 Years: 21%
3 Years: 7%
1 Year: -14%
Return on Equity
10 Years: 23%
5 Years: 27%
3 Years: 25%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Mar 2020 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Equity Capital 13 12 12 12 12 12 12 12 12 12 12 12
Reserves 230 266 259 311 326 326 415 448 534 600 612 780
1 2 2 2 6 5 23 1 77 131 73 410
111 103 119 119 148 149 200 231 210 572 519 901
Total Liabilities 356 383 392 443 493 493 650 692 833 1,315 1,216 2,102
80 80 46 45 72 72 111 127 156 627 571 1,125
CWIP 0 3 0 2 2 2 0 0 3 0 4 0
Investments 41 26 22 20 34 34 13 13 14 0 0 0
235 274 323 377 384 385 526 552 661 688 641 977
Total Assets 356 383 392 443 493 493 650 692 833 1,315 1,216 2,102

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Mar 2020 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
45 44 37 31 64 125 87 96 211 235 220
41 11 -58 -31 8 -32 19 -8 -219 14 -326
-113 -19 -1 -9 -46 10 -116 -86 -41 -216 209
Net Cash Flow -27 35 -22 -9 26 103 -9 2 -49 33 103

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Mar 2020 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Debtor Days 63 67 74 71 60 60 54 56 62 54 54 77
Inventory Days
Days Payable
Cash Conversion Cycle 63 67 74 71 60 60 54 56 62 54 54 77
Working Capital Days 22 32 26 55 38 54 40 41 45 1 27 21
ROCE % 30% 27% 13% 21% 22% 22% 26% 38% 32% 26% 21% 23%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
51.67% 51.93% 51.93% 51.93% 51.93% 51.93% 51.93% 51.93% 51.90% 51.89% 51.89% 51.88%
0.25% 0.17% 0.19% 0.25% 0.61% 0.60% 0.43% 3.99% 3.96% 3.57% 3.60% 3.55%
0.00% 0.71% 0.69% 0.78% 1.03% 1.10% 1.72% 7.44% 8.66% 8.83% 8.94% 9.41%
48.08% 47.22% 47.20% 47.06% 46.45% 46.38% 45.95% 36.65% 35.48% 35.71% 35.58% 35.15%
No. of Shareholders 30,09727,86328,58429,34130,43731,21032,23534,29035,36838,04040,29438,668

* 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.

Documents

Concalls