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 ₹ 3,124 Cr.
- Current Price ₹ 264
- High / Low ₹ 447 / 214
- Stock P/E 14.8
- Book Value ₹ 92.7
- Dividend Yield 3.03 %
- ROCE 19.5 %
- ROE 24.4 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.4%
- Company has been maintaining a healthy dividend payout of 69.4%
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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 605 | 588 | 593 | 700 | 809 | 809 | 881 | 1,156 | 1,516 | 1,685 | 1,742 | 1,958 | 2,230 | |
| 533 | 518 | 560 | 643 | 736 | 736 | 764 | 995 | 1,316 | 1,432 | 1,485 | 1,652 | 1,850 | |
| Operating Profit | 73 | 71 | 33 | 57 | 73 | 73 | 116 | 161 | 200 | 252 | 257 | 307 | 380 |
| OPM % | 12% | 12% | 6% | 8% | 9% | 9% | 13% | 14% | 13% | 15% | 15% | 16% | 17% |
| 70 | 17 | 16 | 19 | 15 | 15 | 11 | 42 | 10 | 11 | 8 | 29 | -1 | |
| Interest | 1 | 1 | 0 | 0 | 2 | 2 | 6 | 5 | 5 | 9 | 8 | 14 | 30 |
| Depreciation | 14 | 12 | 13 | 14 | 15 | 15 | 26 | 28 | 35 | 54 | 65 | 66 | 80 |
| Profit before tax | 128 | 76 | 35 | 63 | 72 | 72 | 96 | 170 | 170 | 200 | 192 | 255 | 269 |
| 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 | 193 | |
| 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 | 16.27 |
| Dividend Payout % | 51% | 0% | 0% | 14% | 31% | 0% | 0% | 48% | 55% | 57% | 113% | 38% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 17% |
| 3 Years: | 9% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 16% |
| 3 Years: | 7% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 4% |
| 3 Years: | -20% |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 25% |
| 3 Years: | 23% |
| Last Year: | 24% |
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 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 230 | 266 | 259 | 311 | 326 | 326 | 415 | 448 | 534 | 600 | 612 | 780 | 1,086 |
| 1 | 2 | 2 | 2 | 6 | 5 | 23 | 58 | 77 | 131 | 73 | 410 | 369 | |
| 111 | 103 | 119 | 119 | 148 | 149 | 200 | 174 | 210 | 572 | 519 | 901 | 643 | |
| Total Liabilities | 356 | 383 | 392 | 443 | 493 | 493 | 650 | 692 | 833 | 1,315 | 1,216 | 2,102 | 2,110 |
| 80 | 80 | 46 | 45 | 72 | 72 | 111 | 127 | 156 | 627 | 571 | 1,125 | 1,109 | |
| CWIP | 0 | 3 | 0 | 2 | 2 | 2 | 0 | 0 | 3 | 0 | 4 | 0 | 1 |
| Investments | 41 | 26 | 22 | 20 | 34 | 34 | 13 | 13 | 14 | 0 | 0 | 0 | 0 |
| 235 | 274 | 323 | 377 | 384 | 385 | 526 | 552 | 661 | 688 | 641 | 977 | 1,001 | |
| Total Assets | 356 | 383 | 392 | 443 | 493 | 493 | 650 | 692 | 833 | 1,315 | 1,216 | 2,102 | 2,110 |
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 | -311 | ||
| -113 | -19 | -1 | -9 | -46 | 10 | -116 | -86 | -41 | -216 | 209 | ||
| Net Cash Flow | -27 | 35 | -22 | -9 | 26 | 103 | -9 | 2 | -49 | 33 | 118 | |
| Free Cash Flow | 29 | 30 | -29 | -15 | 46 | 108 | 60 | 61 | 193 | 224 | 213 | |
| CFO/OP | 111% | 93% | 159% | 78% | 106% | 126% | 72% | 68% | 105% | 116% | 98% |
Ratios
Consolidated / 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% | 36% | 31% | 26% | 21% | 19% |
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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| Voluntary Attrition (Permanent Employees) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window
- Announcement under Regulation 30 (LODR)-Newspaper Publication
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COMMUNICATION TO SHAREHOLDERS - INTIMATION ON TAX DEDUCTION ON DIVIDEND
- Second interim dividend of Rs. 8/share; record date October 1, 2026, payment by October 24, 2026.
- Intimation Of Record Date-Dividend
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Appointment of Company Secretary and Compliance Officer
- R Systems declared Rs.8/share second interim dividend; record date Oct. 1, payment by Oct. 24; appointed Gurprit Singh.
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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May 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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Mar 2022PPT
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Nov 2021PPT
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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.