R Systems International Ltd.

239.25-0.97%

2026-08-21

rsystems.comBSE: 532735NSE: RSYSTEMS
Market Cap₹ 2,824 Cr.
Current Price₹ 242
High / Low₹ 497 / 214
Stock P/E14.7
Book Value₹ 93
Price to Book6.45
Dividend Yield2.52 %
ROCE31.0 %
ROE27.9 %
Face Value₹ 1

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ABOUT

KEY POINTS

PROS

  • Company has a healthy return on capital (ROCE) of 32.0%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.6%
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.46x)
  • Company has been maintaining a healthy dividend payout of 38.2%
  • Company comfortably covers its interest (19.0x coverage)
  • Stock looks reasonably valued - P/E of 14.7 is below its historical median

CONS

  • Receivables are growing faster than sales - a possible quality concern
  • Recent results are weak - TTM profit is down 15.8% versus prior year
  • Total debt has risen sharply - up 3968.5% year on year
  • Stock is trading at 6.4x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.TCS2287.0016.62827456.624.8113420.004.6972275.0013.9366.2525.67
2.INFY1117.0514.97453305.214.307775.0012.2948211.0014.0342.8423.66
3.HCLTECH1322.5020.60358882.214.084626.0020.3434579.0013.9431.2019.87
4.WIPRO179.5013.45177780.786.133356.300.5924478.6010.5918.4918.93
5.TECHM1582.2030.20155076.763.221486.3031.6715711.9017.6823.0417.43
6.LTM4535.0025.72134517.771.651468.6017.0611608.0017.9630.2517.75
7.OFSS11720.0029.90102061.423.411415.50120.523125.2068.7345.5060.04
8.PERSISTENT5510.0045.2086920.250.73483.0413.674303.2329.0935.0916.19
9.COFORGE1815.0045.7680390.070.87531.7049.195527.7049.8624.7019.14
10.MPHASIS2420.0024.1846192.172.56489.5110.824384.0517.4623.3118.15
11.LTTS3538.7028.4437537.661.643571.001029.7129401.001014.7327.7018.65
12.RSYSTEMS238.3014.652823.762.5255.57-26.74601.7030.2330.9918.39
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
407
354
Operating Profit
OPM %
Other Income
4
Interest
2
Depreciation
10
46
Tax %
68.31%
Net Profit
0
1
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
457
375
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
17
62
Tax %
29.22%
Net Profit
0
4
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
416
353
Operating Profit
OPM %
Other Income
2
Interest
3
Depreciation
17
45
Tax %
-3.08%
Net Profit
0
4
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
417
363
Operating Profit
OPM %
Other Income
2
Interest
3
Depreciation
17
36
Tax %
24.46%
Net Profit
0
2
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
432
371
Operating Profit
OPM %
Other Income
4
Interest
2
Depreciation
17
47
Tax %
46.86%
Net Profit
25
2
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
444
376
Operating Profit
OPM %
Other Income
2
Interest
2
Depreciation
17
52
Tax %
22.92%
Net Profit
40
3
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
449
378
Operating Profit
OPM %
Other Income
4
Interest
2
Depreciation
16
57
Tax %
31.16%
Net Profit
39
3
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
442
372
Operating Profit
OPM %
Other Income
2
Interest
1
Depreciation
15
57
Tax %
31.98%
Net Profit
39
3
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
462
392
Operating Profit
OPM %
Other Income
47
Interest
2
Depreciation
16
99
Tax %
23.52%
Net Profit
76
6
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
499
427
Operating Profit
OPM %
Other Income
2
Interest
4
Depreciation
17
53
Tax %
33.91%
Net Profit
35
3
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
555
462
Operating Profit
OPM %
Other Income
3
Interest
7
Depreciation
19
46
Tax %
20.47%
Net Profit
36
3
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
575
474
Operating Profit
OPM %
Other Income
20
Interest
10
Depreciation
22
90
Tax %
27.02%
Net Profit
65
6
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
602
523
Operating Profit
OPM %
Other Income
1
Interest
9
Depreciation
22
81
Tax %
30.97%
Net Profit
56
0
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
12
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2023
1,685
1,432
Operating Profit
264
OPM %
16
Other Income
12
Interest
9
Depreciation
54
200
Tax %
30
Net Profit
140
EPS
12
Dividend Payout %
57
Minority Interest
0
Share of Associates
0
Adjusted EPS
12
Minority Interest
0
Share of Associates
0
Adjusted EPS
12
Dec 2024
1,742
1,485
Operating Profit
265
OPM %
15
Other Income
8
Interest
8
Depreciation
65
192
Tax %
31
Net Profit
131
EPS
11
Dividend Payout %
113
Minority Interest
0
Share of Associates
0
Adjusted EPS
11
Minority Interest
0
Share of Associates
0
Adjusted EPS
11
Dec 2025
1,958
1,651
Operating Profit
360
OPM %
18
Other Income
54
Interest
14
Depreciation
66
255
Tax %
27
Net Profit
186
EPS
16
Dividend Payout %
38
Minority Interest
0
Share of Associates
0
Adjusted EPS
16
Minority Interest
0
Share of Associates
0
Adjusted EPS
16
TTM
2,230
1,885
Operating Profit
OPM %
Other Income
26
Interest
30
Depreciation
79
269
Tax %
28
Net Profit
193
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:

STOCK PRICE CAGR

10 Years:
16%
5 Years:
5%
3 Years:
-22%
1 Year:
-43%

RETURN ON EQUITY

10 Years:
5 Years:
25%
3 Years:
25%
Last Year:
28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Mar 12

₹ 6

Rs.6.0000 per share(600%)Interim Dividend

2025

May 14

₹ 6

Rs.6.0000 per share(600%)Interim Dividend

2024

Nov 19

₹ 6.50

Interim Dividend

2024

Mar 28

₹ 6

Interim Dividend

2023

Dec 22

₹ 6.80

Interim Dividend

2022

Jun 14

₹ 6.50

Rs.6.5000 per share(650%)Interim Dividend

2021

Nov 11

₹ 3.20

Second Interim Dividend

2021

Jun 25

₹ 2.50

Interim Dividend

2018

May 22

₹ 0.60

2015

Nov 5

₹ 0.25

Third Interim Dividend

2015

Aug 11

₹ 3.30

Rs.3.3000 per share (330%) Second Interim Dividend

2015

Aug 10

₹ 3.30

21/08/2015 Equity Rs.3.3000 per share(330%)Second Interim Dividend

Dec 2023
Equity Capital
12
600
55
Trade Payables
37
580
Total Liabilities
1,283
625
250
Cash & Bank
252
156
Total Assets
1,283
Total Debt
58
Net Working Capital
258
Contingent Liabilities
0
Book Value per Share
51.68
Face Value
1.00
Total Debt
58
Net Working Capital
258
Contingent Liabilities
0
Book Value per Share
51.68
Face Value
1.00
Dec 2024
Equity Capital
12
582
5
Trade Payables
41
536
Total Liabilities
1,176
569
257
Cash & Bank
194
156
Total Assets
1,176
Total Debt
8
Net Working Capital
322
Contingent Liabilities
0
Book Value per Share
50.22
Face Value
1.00
Total Debt
8
Net Working Capital
322
Contingent Liabilities
0
Book Value per Share
50.22
Face Value
1.00
Dec 2025
Equity Capital
12
729
44
Trade Payables
114
1,142
Total Liabilities
2,041
1,123
411
Cash & Bank
314
193
Total Assets
2,041
Total Debt
315
Net Working Capital
425
Contingent Liabilities
0
Book Value per Share
62.59
Face Value
1.00
Total Debt
315
Net Working Capital
425
Contingent Liabilities
0
Book Value per Share
62.59
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2023
211
Cash from Investing
-223
Cash from Financing
-41
-52
Free Cash Flow
211
OCF / Net Profit
1.51
Cumulative 5-Year FCF
0
OCF / Net Profit
1.51
Cumulative 5-Year FCF
0
Dec 2024
235
Cash from Investing
15
Cash from Financing
-216
34
Free Cash Flow
235
OCF / Net Profit
1.79
Cumulative 5-Year FCF
0
OCF / Net Profit
1.79
Cumulative 5-Year FCF
0
Dec 2025
220
Cash from Investing
-326
Cash from Financing
209
103
Free Cash Flow
-397
OCF / Net Profit
1.18
Cumulative 5-Year FCF
0
OCF / Net Profit
1.18
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019
EPS (₹)
4.86
Book Value (₹)
28.27
Dividend per Share (₹)
1.50
Cash EPS (₹)
6.10
Operating Margin %
9.02%
Net Margin %
7.18%
ROE %
17.60%
ROCE %
21.96%
12.59%
Debtor Days
61
Inventory Days
0
Payable Days
0
61
Debt to Equity (x)
0.02x
Interest Coverage (x)
46.96x
3.15x
Revenue Growth %
15.64%
Operating Profit Growth %
15.54%
Net Profit Growth %
13.87%
17.34%
P/E (x)
14.40x
P/B (x)
2.48x
Dividend Yield %
2.14%
7.88x
Dec 2021
EPS (₹)
11.95
Book Value (₹)
38.91
Dividend per Share (₹)
5.70
Cash EPS (₹)
14.30
Operating Margin %
13.91%
Net Margin %
12.24%
ROE %
31.89%
ROCE %
38.41%
21.57%
Debtor Days
49
Inventory Days
0
Payable Days
0
49
Debt to Equity (x)
0.00x
Interest Coverage (x)
35.62x
3.28x
Revenue Growth %
31.23%
Operating Profit Growth %
56.68%
Net Profit Growth %
72.91%
74.85%
P/E (x)
27.14x
P/B (x)
8.34x
Dividend Yield %
1.76%
17.82x
Dec 2023
EPS (₹)
11.84
Book Value (₹)
51.68
Dividend per Share (₹)
6.80
Cash EPS (₹)
16.44
Operating Margin %
14.98%
Net Margin %
8.32%
ROE %
24.22%
ROCE %
34.35%
13.38%
Debtor Days
55
Inventory Days
0
Payable Days
0
55
Debt to Equity (x)
0.09x
Interest Coverage (x)
23.35x
1.70x
Revenue Growth %
11.13%
Operating Profit Growth %
25.64%
Net Profit Growth %
0.30%
0.30%
P/E (x)
46.33x
P/B (x)
10.62x
Dividend Yield %
1.24%
23.87x
Dec 2024
EPS (₹)
11.09
Book Value (₹)
50.22
Dividend per Share (₹)
12.50
Cash EPS (₹)
16.61
Operating Margin %
14.75%
Net Margin %
7.53%
ROE %
21.76%
ROCE %
30.73%
10.67%
Debtor Days
53
Inventory Days
0
Payable Days
0
53
Debt to Equity (x)
0.01x
Interest Coverage (x)
23.81x
2.24x
Revenue Growth %
3.40%
Operating Profit Growth %
0.53%
Net Profit Growth %
-6.37%
-6.37%
P/E (x)
41.94x
P/B (x)
9.26x
Dividend Yield %
2.69%
20.04x
Dec 2025
EPS (₹)
15.73
Book Value (₹)
62.59
Dividend per Share (₹)
6.00
Cash EPS (₹)
21.33
Operating Margin %
15.66%
Net Margin %
9.51%
ROE %
27.89%
ROCE %
30.99%
11.57%
Debtor Days
62
Inventory Days
0
Payable Days
0
62
Debt to Equity (x)
0.42x
Interest Coverage (x)
19.00x
1.90x
Revenue Growth %
12.43%
Operating Profit Growth %
35.83%
Net Profit Growth %
41.94%
41.83%
P/E (x)
25.66x
P/B (x)
6.45x
Dividend Yield %
1.49%
13.26x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
51.93
0.60
1.10
Government
0.00
46.38
Sep 2024
51.93
0.43
1.72
Government
0.00
45.93
Dec 2024
51.93
3.99
7.44
Government
0.00
36.64
Mar 2025
51.90
3.96
8.66
Government
0.00
35.48
Jun 2025
51.89
3.57
8.83
Government
0.00
35.71
Sep 2025
51.89
3.60
8.95
Government
0.00
35.57
Dec 2025
51.88
3.55
9.41
Government
0.00
35.15
Mar 2026
51.85
3.76
8.60
Government
0.00
35.79
Jun 2026
51.85
3.82
6.53
Government
0.00
37.80

Documents

Announcements

  • Allotment of Securities

    2026-08-18 - The Nomination, Remuneration and Compensation Committee of the Board of Directors of R Systems International Limited (the Company ), by way of resolution passed through circulation on August 18, 2026, has approved the allotment of 3,270 equity shares of face value INR 1/- each upon exercise of 3,270 Restricted Stock Units ( RSUs ) under Company s Management Incentive Plan 2023.

  • Copy of Newspaper Publication

    2026-08-12 - R Systems International Limited has informed the Exchange about Copy of Newspaper Publication

Credit Ratings

  • Credit Rating- Revision

    2026-07-07 - R Systems International Limited has informed the Exchange about Credit Rating- Revision

Concalls