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 ₹ 5,063 Cr.
- Current Price ₹ 428
- High / Low ₹ 522 / 274
- Stock P/E 26.8
- Book Value ₹ 58.5
- Dividend Yield 2.92 %
- ROCE 20.8 %
- ROE 21.2 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.2%
- Company has been maintaining a healthy dividend payout of 75.1%
Cons
- Stock is trading at 7.31 times its book value
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 648 | 605 | 588 | 593 | 700 | 809 | 809 | 881 | 1,156 | 1,516 | 1,685 | 1,742 | 1,852 | |
| 558 | 533 | 518 | 560 | 643 | 736 | 736 | 764 | 995 | 1,316 | 1,432 | 1,485 | 1,569 | |
| Operating Profit | 91 | 73 | 71 | 33 | 57 | 73 | 73 | 116 | 161 | 200 | 252 | 257 | 283 |
| OPM % | 14% | 12% | 12% | 6% | 8% | 9% | 9% | 13% | 14% | 13% | 15% | 15% | 15% |
| 34 | 70 | 17 | 16 | 19 | 15 | 15 | 11 | 42 | 10 | 11 | 8 | 55 | |
| Interest | 1 | 1 | 1 | 0 | 0 | 2 | 2 | 6 | 5 | 5 | 9 | 8 | 9 |
| Depreciation | 11 | 14 | 12 | 13 | 14 | 15 | 15 | 26 | 28 | 35 | 54 | 65 | 63 |
| Profit before tax | 112 | 128 | 76 | 35 | 63 | 72 | 72 | 96 | 170 | 170 | 200 | 192 | 266 |
| Tax % | 30% | 23% | 29% | 36% | 19% | 19% | 19% | 15% | 17% | 18% | 30% | 32% | |
| 78 | 98 | 54 | 23 | 51 | 58 | 58 | 82 | 141 | 140 | 140 | 131 | 189 | |
| EPS in Rs | 6.13 | 7.71 | 4.33 | 1.82 | 4.12 | 4.83 | 4.86 | 6.84 | 11.96 | 11.81 | 11.84 | 11.09 | 15.95 |
| Dividend Payout % | 95% | 51% | 0% | 0% | 14% | 31% | 0% | 0% | 48% | 55% | 57% | 113% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 17% |
| 3 Years: | 15% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 18% |
| 3 Years: | -3% |
| TTM: | 37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 29% |
| 3 Years: | 18% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 25% |
| 3 Years: | 24% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Jun 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 200 | 230 | 266 | 259 | 311 | 326 | 326 | 415 | 448 | 534 | 600 | 612 | 681 |
| 1 | 1 | 2 | 2 | 2 | 6 | 5 | 23 | 1 | 77 | 131 | 73 | 130 | |
| 159 | 111 | 103 | 119 | 119 | 148 | 149 | 200 | 231 | 210 | 572 | 519 | 542 | |
| Total Liabilities | 373 | 356 | 383 | 392 | 443 | 493 | 493 | 650 | 692 | 833 | 1,315 | 1,216 | 1,365 |
| 70 | 80 | 80 | 46 | 45 | 72 | 72 | 111 | 127 | 156 | 627 | 571 | 581 | |
| CWIP | 0 | 0 | 3 | 0 | 2 | 2 | 2 | 0 | 0 | 3 | 0 | 4 | 2 |
| Investments | 2 | 41 | 26 | 22 | 20 | 34 | 34 | 13 | 13 | 14 | 0 | 0 | 0 |
| 302 | 235 | 274 | 323 | 377 | 384 | 385 | 526 | 552 | 661 | 688 | 641 | 782 | |
| Total Assets | 373 | 356 | 383 | 392 | 443 | 493 | 493 | 650 | 692 | 833 | 1,315 | 1,216 | 1,365 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 72 | 45 | 44 | 37 | 31 | 64 | 125 | 87 | 96 | 211 | 235 | ||
| 7 | 41 | 11 | -58 | -31 | 8 | -32 | 19 | -8 | -219 | 14 | ||
| -53 | -113 | -19 | -1 | -9 | -46 | 10 | -116 | -86 | -41 | -216 | ||
| Net Cash Flow | 26 | -27 | 35 | -22 | -9 | 26 | 103 | -9 | 2 | -49 | 33 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 70 | 63 | 67 | 74 | 71 | 60 | 60 | 54 | 56 | 62 | 54 | 54 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 70 | 63 | 67 | 74 | 71 | 60 | 60 | 54 | 56 | 62 | 54 | 54 |
| Working Capital Days | -0 | 22 | 32 | 26 | 55 | 38 | 54 | 40 | 41 | 45 | 1 | 27 |
| ROCE % | 40% | 30% | 27% | 13% | 21% | 22% | 22% | 26% | 38% | 32% | 26% | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
16 Dec - Allotted 4,655 equity shares under RSUs; paid-up capital now INR11,84,03,582 effective 16-Dec-2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 Dec - R Systems completed 100% acquisition of Novigo on Nov 13, 2025, making it a subsidiary.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Dec - Investor/analyst meetings on Dec 10 and Dec 15, 2025 at Greater Noida West (R Systems).
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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.
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
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Concalls
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Nov 2025Transcript PPT REC
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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 2024TranscriptAI SummaryPPT
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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 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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Mar 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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May 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Mar 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptAI SummaryPPT
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Aug 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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Feb 2017TranscriptAI SummaryPPT
Business Segments