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 ₹ 3,408 Cr.
- Current Price ₹ 288
- High / Low ₹ 497 / 229
- Stock P/E 16.8
- Book Value ₹ 66.9
- Dividend Yield 4.33 %
- 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.
Peer comparison
Information Technology Information Technology IT - Services IT Enabled Services
Part of BSE Information Technology BSE 1000
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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: | 16% |
| 5 Years: | 20% |
| 3 Years: | 4% |
| 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 | |
| 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 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% |
Insights
In beta| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue Contribution from Top 10 Clients % |
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| Number of Million Dollar Clients ($1M+ revenue) Number |
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| Utilization % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
17 Apr - Allotted 4,414 equity shares under RSU exercise; paid-up capital rose to INR 11,84,86,475 on April 17, 2026.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
16 Apr - NCLT sanctioned amalgamation of Velotio and Scaleworx with R Systems on April 16, 2026.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Apr
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
31 Mar - Appoints Farooq Ahmad as Chief Revenue Officer, effective March 31, 2026; based in California, ex-Brillio/HCL.
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Announcement under Regulation 30 (LODR)-Change in Management
30 Mar - Farooq Ahmad appointed Chief Revenue Officer at R Systems, effective March 30, 2026.
Annual reports
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Financial Year 2024
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Financial Year 2018
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Financial Year 2017
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Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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May 2024TranscriptAI SummaryPPT
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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