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R Systems International Ltd (RSYSTEMS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532735 NSE: RSYSTEMS IT - Software | Small Cap | R Systems Internatl. Share Price
₹240.55 -2.25 (-0.93%)
As on 11-Sep'26 16:59
R Systems International Ltd (RSYSTEMS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532735 NSE: RSYSTEMS IT - Software | Small Cap | R Systems Internatl. Share Price
₹240.55 -2.25 (-0.93%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹2,850 Cr.
Current Price
₹240.6
52-Week Low / High
₹214 / 469
TTM EPS
₹16.3
TTM Sales
₹2,230 Cr.
Book Value per Share
₹92.6
P/E Ratio
14.79
Lower than its 5-year historical median
Industry PE
20.8
Price to Book (P/B)
2.60
Lower than its 5-year historical median
Price to Sales (P/S)
1.28
Lower than its 5-year historical median
EV/EBITDA
6.91
Lower than its 5-year historical median
Dividend Yield
2.49%
Profitability Efficiency
Return on Equity (ROE)
27.89%
Outperforms industry median
Return on Capital Employed (ROCE)
30.99%
Outperforms industry median
Return on Assets (ROA)
11.57%
Operating Profit Margin
15.8%
Net Profit Margin
9.51%
Gross Profit Margin
17.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
20.78%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
19.36%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
41.94%
Asset Quality
Promoter Holding
51.85%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,086 Cr.
Equity
₹11.9 Cr.
Face Value
₹1
All Time Low / High
₹4.00 / 599.00
Check Before You Invest
Quality
Very GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is R Systems International Ltd a good quality company?
R Systems International Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does R Systems International Ltd performance compare with that of its Peers?
Revenue growth of R Systems International Ltd vs industry peers?
R Systems International Ltd revenue CAGR is 17.33%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of R Systems International Ltd?
Promoters hold 51.85% of the R Systems International Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of R Systems International Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.6% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
R Systems International Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 29.2% | 14.7% | 15.7% | 23.1% | 27.2% | 39.8% | 37% | 48.5% | 37% | 37.7% | - |
| Value Creation Index ⓘ | 1.1 | 0.1 | 0.1 | 0.7 | 1.0 | 1.8 | 1.6 | 2.6 | 1.7 | 1.7 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 263 | 264 | 317 | 392 | 439 | 578 | 814 | 904 | 911 | 1,101 | 1,260 |
| Sales YoY Gr. | - | 0.2% | 20.3% | 23.5% | 12% | 31.6% | 40.9% | 11.1% | 0.8% | 20.8% | - |
| Adj EPS ⓘ | 2.8 | 1.5 | 2.4 | 3.9 | 5.6 | 9.2 | 9.8 | 14.3 | 12.6 | 17.8 | 18.5 |
| YoY Gr. | - | -47.3% | 65.3% | 61.7% | 41.2% | 65.1% | 7% | 45.7% | -11.7% | 41% | - |
| BVPS (₹) ⓘ | 17.9 | 20 | 21.9 | 23 | 28.7 | 29.9 | 33 | 40.8 | 40.9 | 54 | 78.9 |
| Adj Net Profit ⓘ | 34.4 | 18.3 | 30.2 | 47.3 | 66.4 | 108 | 116 | 169 | 149 | 211 | 219 |
| Cash Flow from Ops. ⓘ | 32.6 | 29.9 | 23 | 50.9 | 78.9 | 57.8 | 87.1 | 177 | 166 | 138 | - |
| Debt/CF from Ops. ⓘ | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0.3 | 0.1 | 2.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 17.2% | 20.2% | 10.6% | 20.8% | ||||
| Adj EPS ⓘ | 22.9% | 26.2% | 22% | 41% | ||||
| BVPSⓘ | 13.1% | 13.5% | 17.9% | 32.3% | ||||
| Share Price | 14.6% | 2.9% | -21.6% | -46.7% | ||||
Key Financial Parameters ⓘ
| Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16.4 | 7.8 | 11.7 | 17.4 | 21.5 | 31.1 | 31.2 | 38.7 | 30 | 35 | 27.8 |
| Op. Profit Mgn % ⓘ | 19.7 | 10.7 | 12.4 | 14.7 | 19.6 | 18.7 | 19.1 | 19.9 | 19.1 | 20.7 | 21.8 |
| Net Profit Mgn % ⓘ | 13.1 | 6.9 | 9.5 | 12.1 | 15.1 | 18.8 | 14.3 | 18.7 | 16.4 | 19.1 | 17.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0.5 | 0.3 |
| Working Cap Days ⓘ | 225 | 171 | 126 | 121 | 120 | 109 | 93 | 88 | 83 | 84 | 52 |
| Cash Conv. Cycle ⓘ | 37 | 56 | 61 | 50 | 46 | 43 | 41 | 40 | 37 | 43 | 25 |
Valuation of R Systems Internatl. - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 588 | 593 | 700 | 809 | 881 | 1,156 | 1,516 | 1,685 | 1,742 | 1,958 |
| Operating Expenses > ⓘ + | 518 | 560 | 643 | 736 | 764 | 995 | 1,316 | 1,432 | 1,485 | 1,651 |
| Operating Profit > ⓘ | 71 | 33 | 57 | 73 | 116 | 161 | 200 | 252 | 257 | 307 |
| Operating Profit Margin (%) | 12.0% | 5.6% | 8.2% | 9.0% | 13.2% | 13.9% | 13.2% | 15.0% | 14.8% | 15.7% |
| Other Income > ⓘ + | 13 | 16 | 19 | 15 | 13 | 42 | 10 | 12 | 8 | 54 |
| Interest > ⓘ | 1 | 0 | 0 | 2 | 6 | 5 | 5 | 9 | 8 | 14 |
| Depreciation > ⓘ | 12 | 13 | 14 | 15 | 26 | 28 | 35 | 54 | 65 | 66 |
| Profit Before Tax > ⓘ | 76 | 35 | 63 | 72 | 96 | 170 | 170 | 200 | 192 | 255 |
| Tax > ⓘ | 22 | 13 | 12 | 14 | 14 | 29 | 30 | 60 | 60 | 69 |
| Profit After Tax | 54 | 23 | 51 | 58 | 82 | 141 | 140 | 140 | 131 | 186 |
| PAT Margin (%) | 9.1% | 3.8% | 7.3% | 7.2% | 9.3% | 12.2% | 9.2% | 8.3% | 7.5% | 9.5% |
| Adjusted EPS (₹) | 4.4 | 1.8 | 4.1 | 4.9 | 6.8 | 12.0 | 11.8 | 11.8 | 11.1 | 15.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 14.50% | 30.90% | 0% | 47.70% | 55.10% | 57.40% | 112.70% | 38.20% |
| PARTICULARS | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 278 | 271 | 323 | 338 | 427 | 460 | 545 | 611 | 594 | 741 | |
| Debt + | 2 | 2 | 2 | 5 | 8 | 1 | 1 | 57 | 7 | 313 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 241 | 241 | 433 | |
| Trade Payables | 44 | 34 | 27 | 25 | 22 | 36 | 36 | 37 | 41 | 114 | |
| Others Liabilities ⓘ | 140 | 80 | 86 | 118 | 179 | 178 | 229 | 337 | 294 | 440 | |
| Total Liabilities ⓘ | 464 | 386 | 437 | 487 | 636 | 675 | 811 | 1,283 | 1,176 | 2,041 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 77 | 44 | 42 | 70 | 109 | 125 | 154 | 625 | 569 | 1,123 | |
| CWIP ⓘ | 3 | 0 | 2 | 2 | 0 | 0 | 3 | 0 | 4 | 0 | |
| Investments ⓘ | 29 | 22 | 20 | 34 | 13 | 13 | 14 | 0 | 0 | 0 | |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Receivables | 108 | 121 | 137 | 132 | 131 | 178 | 257 | 250 | 257 | 411 | |
| Cash Equivalents | 114 | 151 | 136 | 147 | 251 | 228 | 231 | 252 | 194 | 314 | |
| Others Assets ⓘ | 132 | 48 | 100 | 101 | 133 | 131 | 153 | 156 | 152 | 193 | |
| Total Assets ⓘ | 464 | 386 | 437 | 487 | 636 | 675 | 811 | 1,283 | 1,176 | 2,041 | |
| PARTICULARS | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 44 | 37 | 31 | 64 | 125 | 87 | 96 | 211 | 235 | 220 |
| Cash Flow From Investing Activity ⓘ + | 10 | -58 | -35 | 6 | -38 | 21 | -21 | -223 | 15 | -326 |
| Cash Flow From Financing Activity ⓘ + | -19 | -1 | -9 | -46 | 10 | -116 | -86 | -41 | -216 | 209 |
| Net Cash Flow ⓘ | 34 | -22 | -13 | 24 | 97 | -7 | -11 | -52 | 34 | 103 |
| PARTICULARS | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 20.63 | 8.22 | 17.21 | 17.6 | 21.39 | 31.89 | 27.78 | 24.22 | 21.76 | 27.89 |
| ROCE (%) | 29.16 | 12.92 | 21.06 | 21.96 | 25.66 | 38.41 | 34.7 | 34.35 | 30.73 | 30.99 |
| Asset Turnover Ratio | 1.3 | 1.4 | 1.7 | 1.75 | 1.57 | 1.76 | 2.04 | 1.61 | 1.42 | 1.22 |
| PAT to CFO Conversion(x) | 0.81 | 1.61 | 0.61 | 1.1 | 1.52 | 0.62 | 0.69 | 1.51 | 1.79 | 1.18 |
| Working Capital Days | ||||||||||
| Receivable Days | 66 | 70.50 | 67.10 | 60.60 | 54.60 | 48.80 | 52.40 | 55 | 53.20 | 62.30 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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R Systems International Ltd FAQs
The current trading price of R Systems Internatl. on 11-Sep-2026 16:59 is ₹240.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of R Systems Internatl. stood at ₹2,850.4 Cr
The latest P/E ratio of R Systems Internatl. as of 10-Sep-2026 is 13.01.
The latest P/B ratio of R Systems Internatl. as of 10-Sep-2026 is 3.05.
The 52-week high of R Systems Internatl. is ₹468.9 and the 52-week low is ₹213.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of R Systems Internatl. is ₹1,260 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that R Systems International Ltd is a good quality company.
The key valuation ratios of R Systems International Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of R Systems International Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About R Systems International Ltd
R Systems International is a global product engineering and digital solutions provider. It combines complex engineering, Data & AI, cloud-native capabilities with deep domain understanding to design and build innovative products for Tech, SaaS platforms and enterprises across industry verticals. It leverages the power of Automation and Agentic AI to transform value chains to boost productivity and deliver differentiated customer experiences. With a culture of co-creation and an extensive partner ecosystem, the company helps customers navigate market shifts and drive sustained strategic growth.
The company has constantly innovated over decades through applied R&D to solve real-life problems. The company’s technology experts across its delivery centers use its deep understanding of business domains and customer use cases to apply the latest technology stacks in cloud, automation, Artificial Intelligence (AI), machine learning (ML), analytics, and mixed reality.
Business area of the company
The company is engaged in the business of providing software engineering, information technology related services and knowledge services.
Services of the company
- Digital Product Engineering
- Modernization Solutions
- Cloud and DevOps
- Data and AI
- Automation and Digital Ops
- Embedded Firmware
- Quality Engineering
- Mobile Experience Design
- Packaged Services – Integration
- Global Capability Center
Awards & Recognitions
2022-23
- Certified as a Great Place to Work in 10 countries where it has a full-time workforce.
- Honoured as India’s Top 500 Value Creators 2023 by Dun & Bradstreet.
- Recognized as one of the Most Preferred Workplaces in IT & ITES for the year 2023-24.
- R Systems was profiled in Business Connect International magazine.
- Subsidiary, Velotio, has won the 2023 Clutch Global Award for Product Engineering, Cloud and DevOps, and Data Engineering Services.
2023-24
- Strategic Supplier of the Year - Chamberlain Group
- Top 10 AWS Partners to Watch in 2024 - CIO Insights
- Best Tech Brands 2024 - Times Group
- Most Preferred Workplace in IT & ITES 2023–2024 - Marksmen Daily
- Progressive Place to Work 2024- ET NOW
- India’s Top 500 Value Creators - Dun & Bradstreet
Milestones
- 1993: Founded in Sacramanto, CA, as a consulting firm
- 1997: Opening of major development center in India
- 2002: Acquisition of Indus in India
- 2003: Acquisition of ECNet in Singapore
- 2006: Acquisition of Web Converse in the USA
- 2009: Acquisition of Sento BIS in Europe, marking its entry into the European market.
- 2011: Acquisition of Computaris in the UK, adding telecom expertise to the portfolio.
- 2015: Acquisition of IBIZ in Singapore
- 2018: Opening of a new facility in Noida, India
- 2019: Acquisition of Innovizant in the USA
- 2023: Acquisition of Velotio in India
- 2023: R Systems is acquired by Blackstone
- 2024: launched EDI Partner Onboarding Solution leveraging Boomi Integration
- 2024: launched OptimaAI, a suite of services, tools, and frameworks for enterprise AI adoption
- 2024: launched Chaos Engineering Integrated DR Model enhancing business continuity
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