R Systems International Ltd

R Systems International Ltd

₹ 466 4.10%
28 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

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]

  • Market Cap 5,495 Cr.
  • Current Price 466
  • High / Low 599 / 241
  • Stock P/E 39.2
  • Book Value 51.7
  • Dividend Yield 1.46 %
  • 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 9.01 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
237 248 274 306 329 343 375 398 400 404 407 457 416
199 217 237 257 284 302 329 344 342 350 354 375 354
Operating Profit 38 31 36 49 45 42 46 54 57 54 53 82 63
OPM % 16% 12% 13% 16% 14% 12% 12% 14% 14% 13% 13% 18% 15%
3 5 25 6 5 5 3 1 2 5 4 0 2
Interest 1 1 1 1 1 1 1 1 2 2 2 3 3
Depreciation 6 6 6 7 8 8 8 9 10 10 10 17 17
Profit before tax 33 28 54 47 41 37 39 45 48 48 46 62 44
Tax % 12% 13% 15% 19% 20% 21% 19% 19% 14% 25% 68% 29% -3%
29 25 46 38 33 30 32 37 41 36 14 44 46
EPS in Rs 2.45 2.08 3.86 3.14 2.77 2.51 2.69 3.11 3.50 3.03 1.22 3.72 3.88
Raw PDF

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: 22%
5 Years: 58%
3 Years: 59%
1 Year: 87%
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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
51.58% 51.58% 51.58% 51.67% 51.67% 51.67% 51.67% 51.67% 51.67% 51.93% 51.93% 51.93%
0.00% 0.00% 0.65% 0.81% 0.51% 0.42% 0.42% 0.40% 0.25% 0.17% 0.19% 0.25%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.71% 0.69% 0.78%
48.42% 48.42% 47.77% 47.51% 47.82% 47.91% 47.91% 47.93% 48.08% 47.22% 47.20% 47.06%
No. of Shareholders 12,33515,01522,71928,69134,95036,09235,20029,95430,09727,86328,58429,341

* 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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Documents

Concalls