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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 Intl. Share Price

₹256.50 2.45 (0.96%)

As on 05-Jun'26 10:07

R Systems International Ltd (RSYSTEMS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532735 NSE: RSYSTEMS IT - Software | Small Cap | R Systems Intl. Share Price

₹256.50 2.45 (0.96%)

As on 05-Jun'26 10:07

Key Metrics
Valuation Multiples
Market Cap
₹3,010 Cr.
Current Price
₹256.5
52-Week Low / High
₹230 / 497
TTM EPS
₹21.2
TTM Sales
₹1,177 Cr.
Book Value per Share
₹59.3
P/E Ratio
11.99
Lower than its 5-year historical median
Industry PE
22.2
Price to Book (P/B)
4.28
Lower than its 5-year historical median
Price to Sales (P/S)
2.56
Lower than its 5-year historical median
EV/EBITDA
8.56
Lower than its 5-year historical median
Dividend Yield
1.49%
Profitability Efficiency
Return on Equity (ROE)
39.69%
Outperforms industry median
Return on Capital Employed (ROCE)
37.66%
Outperforms industry median
Return on Assets (ROA)
22.95%
Operating Profit Margin
20.7%
Net Profit Margin
20.25%
Gross Profit Margin
29.1%
Growth Momentum
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
30.82%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
50.02%
Asset Quality
Promoter Holding
51.85%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹691 Cr.
Equity
₹11.9 Cr.
Face Value
₹1
All Time Low / High
₹4.00 / 599.00

R Systems International stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Weak
Q.1 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?
Q.1 Revenue growth of R Systems International Ltd vs industry peers?
R Systems International Ltd revenue CAGR is 18.40%, compared to the industry median CAGR of 2.48%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of R Systems International Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.7% 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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
ROCE % 29.2%14.7%15.7%23.1%27.2%39.8%37%48.5%37%37.7%-
Value Creation
Index
1.10.10.10.71.01.81.62.61.71.7-

Growth Parameters

Sales 2632643173924395788149049111,1011,177
Sales YoY Gr.-0.2%20.3%23.5%12%31.6%40.9%11.1%0.8%20.8%-
Adj EPS 2.81.52.43.95.69.29.814.312.617.821.2
YoY Gr.--47.3%65.3%61.7%41.2%65.1%7%45.7%-11.7%41%-
BVPS (₹) 17.92021.92328.729.93340.840.95459.3
Adj Net
Profit
34.418.330.247.366.4108116169149211251
Cash Flow from Ops. 32.629.92350.978.957.887.1177166138-
Debt/CF from Ops. 0.10.10.10.10.1000.30.12.3-

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%
BVPS13.1%13.5%17.9%32.3%
Share Price 16.4% 13.9% -9.4% -30.5%

Key Financial Parameters

Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Return on
Equity %
16.47.811.717.421.531.131.238.7303537.4
Op. Profit
Mgn %
19.710.712.414.719.618.719.119.919.120.721
Net Profit
Mgn %
13.16.99.512.115.118.814.318.716.419.121.3
Debt to
Equity
00000000.100.5-
Working Cap
Days
2251711261211201099388838454
Cash Conv.
Cycle
3756615046434140374322

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales2632643173924395788149049111,101
Operating Expenses > + 212235278334353470663724738875
Manufacturing Costs121289869999
Material Costs0000000000
Employee Cost 162187211264297397553601615694
Other Costs > 373659614866101114114171
Operating Profit > 5228395886108151180173226
Operating Profit Margin (%) 19.6%10.7%12.4%14.7%19.6%18.6%18.5%19.9%19.0%20.6%
Other Income > + 1214915134777146108
Exceptional Items > 500000000-24
Interest > 00004448814
Depreciation > 7779131520242322
Profit Before Tax > 6134416382136134218189274
Tax > 20111012122021454051
Profit After Tax 4123315170116113173149223
PAT Margin (%) 15.7%8.7%9.8%13.1%15.9%20.0%13.9%19.2%16.3%20.3%
Adjusted EPS (₹)3.41.92.54.35.89.89.514.712.618.8
Dividend Payout Ratio (%)0%0%23.80%34.80%0%58.30%68.20%46.40%99.60%31.90%

Valuation of R Systems Intl. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25

Equity and Liabilities

Shareholders Fund + 220247269275343354390483483640
Share Capital 12121212121212121212
Reserves 208234257263331342378471471628
Debt +2224211577313
Long Term Debt222421121269
Short Term Debt000000055544
Minority Interest0000000000
Trade Payables16455477111023
Others Liabilities 115505676106101148233208259
Total Liabilities 3533033313594554625477847071,235

Fixed Assets

Net Fixed Assets +2526253573771109372106
Gross Block738083100138154203209168208
Accumulated Depreciation4853586666789311696103
CWIP 3022003040
Investments 121117119134115117117373374775
Inventories0000000000
Trade Receivables505762576684118103110197
Cash Equivalents 4074486310086831133956
Others Assets 11329766810199116102109101
Total Assets 3533033313594554625477847071,235

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash Flow From Operating Activity + 33302351795887177166138
PBT 6134416382136134218189274
Adjustment -632-07-1835-3516-37
Changes in Working Capital -36-8-35-37-54252-40
Tax Paid -21-13-11-9-14-24-28-32-41-59
Cash Flow From Investing Activity + 12-35-199-514210-20859-339
Capex -11-6-11-13-11-19-29-13-94
Net Investments 21-36-917-4030341324-0
Others 1616-0315-20943-342
Cash Flow From Financing Activity + -19-1-9-46-1-109-78-32-206218
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-0-003011-00
Interest Paid -0-0-0-0-0-0-0-2-3-7
Dividend Paid -00-7-18-1-68-77-80-148-71
Others -190-2-28-3-41-250-55296
Net Cash Flow 25-6-51426-919-631918

Financial Ratio

PARTICULARSDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Ratios
ROE (%)19.79.7712.0218.9422.5833.2230.2939.7430.7539.69
ROCE (%)29.2414.6715.6723.0927.2439.8137.0248.5137.0137.66
Asset Turnover Ratio0.770.811.141.081.261.611.361.221.13
PAT to CFO Conversion(x)0.81.30.7411.130.50.771.021.110.62
Working Capital Days
Receivable Days69.707468.5055.7051.2047.3045.3044.6042.6050.90
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

R Systems International Ltd FAQs

The current trading price of R Systems Intl. on 05-Jun-2026 10:07 is ₹256.5.

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 04-Jun-2026 the market cap of R Systems Intl. stood at ₹3,010.2 Cr

The latest P/E ratio of R Systems Intl. as of 04-Jun-2026 is 11.99.

The latest P/B ratio of R Systems Intl. as of 04-Jun-2026 is 4.28.

The 52-week high of R Systems Intl. is ₹496.9 and the 52-week low is ₹230.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of R Systems Intl. is ₹1,177 ( 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 Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of R Systems International Ltd is likely to Fall 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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