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 ₹ 5,224 Cr.
- Current Price ₹ 442
- High / Low ₹ 599 / 241
- Stock P/E 37.3
- Book Value ₹ 51.7
- Dividend Yield 1.54 %
- ROCE 26.0 %
- ROE 24.2 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 22.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%
- Company has been maintaining a healthy dividend payout of 53.4%
- Company's working capital requirements have reduced from 35.8 days to 15.7 days
Cons
- Stock is trading at 8.54 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
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
596 | 648 | 605 | 588 | 593 | 700 | 809 | 809 | 881 | 1,156 | 1,516 | 1,685 | |
518 | 558 | 533 | 518 | 560 | 643 | 736 | 736 | 764 | 995 | 1,316 | 1,433 | |
Operating Profit | 78 | 91 | 73 | 71 | 33 | 57 | 73 | 73 | 116 | 161 | 200 | 252 |
OPM % | 13% | 14% | 12% | 12% | 6% | 8% | 9% | 9% | 13% | 14% | 13% | 15% |
4 | 34 | 70 | 17 | 16 | 19 | 15 | 15 | 11 | 42 | 10 | 12 | |
Interest | 1 | 1 | 1 | 1 | 0 | 0 | 2 | 2 | 6 | 5 | 5 | 9 |
Depreciation | 10 | 11 | 14 | 12 | 13 | 14 | 15 | 15 | 26 | 28 | 35 | 54 |
Profit before tax | 72 | 112 | 128 | 76 | 35 | 63 | 72 | 72 | 96 | 170 | 170 | 200 |
Tax % | 27% | 30% | 23% | 29% | 36% | 19% | 19% | 19% | 15% | 17% | 18% | 30% |
53 | 78 | 98 | 54 | 23 | 51 | 58 | 58 | 82 | 141 | 140 | 140 | |
EPS in Rs | 4.16 | 6.13 | 7.71 | 4.33 | 1.82 | 4.12 | 4.83 | 4.86 | 6.84 | 11.96 | 11.81 | 11.84 |
Dividend Payout % | 49% | 95% | 51% | 0% | 0% | 14% | 31% | 0% | 0% | 48% | 55% | 57% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 19% |
3 Years: | 24% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 22% |
3 Years: | 19% |
TTM: | 0% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 55% |
3 Years: | 57% |
1 Year: | 73% |
Return on Equity | |
---|---|
10 Years: | 23% |
5 Years: | 25% |
3 Years: | 28% |
Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 13 | 13 | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | |
Reserves | 219 | 200 | 230 | 266 | 259 | 311 | 326 | 415 | 448 | 534 | 600 | |
1 | 1 | 1 | 2 | 2 | 2 | 6 | 23 | 58 | 77 | 131 | ||
114 | 159 | 111 | 103 | 119 | 119 | 148 | 200 | 174 | 210 | 572 | ||
Total Liabilities | 347 | 373 | 356 | 383 | 392 | 443 | 493 | 650 | 692 | 833 | 1,315 | |
74 | 70 | 80 | 80 | 46 | 45 | 72 | 111 | 127 | 156 | 627 | ||
CWIP | 1 | 0 | 0 | 3 | 0 | 2 | 2 | 0 | 0 | 3 | 0 | |
Investments | 1 | 2 | 41 | 26 | 22 | 20 | 34 | 13 | 13 | 14 | 0 | |
271 | 302 | 235 | 274 | 323 | 377 | 384 | 526 | 552 | 661 | 688 | ||
Total Assets | 347 | 373 | 356 | 383 | 392 | 443 | 493 | 650 | 692 | 833 | 1,315 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
48 | 72 | 45 | 44 | 37 | 31 | 64 | 125 | 87 | 96 | 211 | ||
0 | 7 | 41 | 11 | -58 | -31 | 8 | -32 | 19 | -8 | -223 | ||
-21 | -53 | -113 | -19 | -1 | -9 | -46 | 10 | -116 | -86 | -41 | ||
Net Cash Flow | 27 | 26 | -27 | 35 | -22 | -9 | 26 | 103 | -9 | 2 | -52 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 64 | 70 | 63 | 67 | 74 | 71 | 60 | 54 | 56 | 62 | 54 | |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 64 | 70 | 63 | 67 | 74 | 71 | 60 | 54 | 56 | 62 | 54 | |
Working Capital Days | 24 | -0 | 22 | 32 | 26 | 55 | 38 | 40 | 44 | 47 | 16 | |
ROCE % | 34% | 40% | 30% | 27% | 13% | 21% | 22% | 26% | 36% | 31% |
Documents
Announcements
- Closure of Trading Window 26 Mar
- Announcement under Regulation 30 (LODR)-Newspaper Publication 23 Mar
- COMMUNICATION TO SHAREHOLDERS - INTIMATION ON TAX DEDUCTION ON INTERIM DIVIDEND 2024 22 Mar
- Board Meeting Outcome for CORPORATE DISCLOSURE UNDER THE SEBI (LODR) REGULATIONS, 2015 FOR BUSINESS APPROVED AT THE BOARD MEETING 19 Mar
- Intimation Of Levy Of Penalty. 16 Mar
Annual reports
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from bse
-
Financial Year 2010
from nse
Concalls
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
Mar 2023Transcript PPT
-
Dec 2022TranscriptPPT
-
Aug 2022TranscriptPPT
-
May 2022Transcript PPT
-
Mar 2022TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
May 2021TranscriptNotesPPT
-
Mar 2021TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Aug 2020TranscriptNotesPPT
-
May 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Nov 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
May 2019TranscriptNotesPPT
-
Mar 2019TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
Aug 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Nov 2017TranscriptNotesPPT
-
Aug 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
-
Feb 2017TranscriptNotesPPT
Offerings
Technology Offerings: It includes product engineering, cloud enablement, QA testing and digital platforms and solutions. This includes solution offerings i.e. Microsoft, Infor, JDA and QlikView etc.
AI/ Analytics services: It includes advanced analytics, machine learning / artificial intelligence, business analytics and automation.
Design Services: It includes UX engineering, visual design and mobile user experience.
Knowledge Services: It covers revenue cycle management, back office service, technical support and customer care using multilingual capabilities and global delivery platform. [1]