RS Software (India) Ltd - Stock Valuation and Financial Performance

BSE: 517447 | NSE: RSSOFTWARE | IT - Software | Small Cap

RS Software (India) Share Price

261.95 -4.60 -1.73%
as on 04-Oct'24 10:09

DeciZen - make an informed investing decision on RS Software (India)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

RS Software (India) stock performance -

mw4me loader
P/E Ratio (SA):
34.77
Market Cap:
685.3 Cr.
52-wk low:
49.3
52-wk high:
370.1

Is RS Software (India) Ltd an attractive stock to invest in?

1. Is RS Software (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that RS Software (India) Ltd is a below average quality company.

2. Is RS Software (India) Ltd undervalued or overvalued?

The key valuation ratios of RS Software (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is RS Software (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of RS Software (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of RS Software (India):

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.
RS Software (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 51%5.6%-12.6%-19.1%-17%-26.8%-15%-9.6%-5.8%28.2%-
Value Creation
Index
2.6-0.6-1.9-2.4-2.2-2.9-2.1-1.7-1.41.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 34617170.757.4616035.427.530.159.567
Sales YoY Gr.--50.4%-58.8%-18.8%6.4%-1.8%-41%-22.2%9.5%97.6%-
Adj EPS 25.33.1-6.3-10.2-9.3-23.4-5.5-4.3-1.57.47.7
YoY Gr.--87.7%-302.9%NANANANANANANA-
BVPS (₹) 8383.878.268.25934.328.623.721.729.130.3
Adj Net
Profit
658-16.2-26.3-23.9-60-14.2-11-3.81920
Cash Flow from Ops. 59.115.6-43.6-25.2-39.2-24.9-10.211.1-9.112.2-
Debt/CF from Ops. 00-0-0.3-0.2-0.4-1.50.6-0.60-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -17.8%-0.5%19%97.6%
Adj EPS -12.8%NANANA
BVPS-11%-13.2%0.6%34%
Share Price -3.1% 70.5% 94.3% 424.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
34.33.7-7.8-14-14.6-50-17.6-16.3-6.629.125.8
Op. Profit
Mgn %
26.20.4-49.3-75.3-53.8-72.4-34-34.3-5.330.729.1
Net Profit
Mgn %
18.84.7-22.9-45.8-39.1-100.1-40.3-39.8-12.831.929.3
Debt to
Equity
00000.10.10.20.10.100
Working Cap
Days
89159352393347299394378266182247
Cash Conv.
Cycle
2934455416165975411158

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 25.80%

Sales growth is growing at healthy rate in last 3 years 18.95%

Sales growth is good in last 4 quarters at 95.13%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - RS Software (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 7.7 8.3
TTM Sales (₹ Cr.) 67.2 67.2
BVPS (₹.) 30.3 20.7
Reserves (₹ Cr.) 65 40
P/BV 8.80 12.87
PE 34.77 32.32
From the Market
52 Week Low / High (₹) 49.34 / 370.10
All Time Low / High (₹) 2.62 / 415.00
Market Cap (₹ Cr.) 685
Equity (₹ Cr.) 12.9
Face Value (₹) 5
Industry PE 36.9

Management X-Ray of RS Software (India):

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 (%)

Event Update

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Analyst's Notes

Key Ratios of RS Software (India)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales3461717157616035283060
Operating Expenses 2551711061019410748383241
Manufacturing Costs7776553222
Material Costs04101822215
Employee Cost 1701166669595732242125
Other Costs 7843222521431110910
Operating Profit 911-35-43-33-47-12-10-218
Operating Profit Margin (%) 26.2%0.4%-49.3%-75.3%-53.8%-78.7%-34.9%-36.4%-6.4%30.7%
Other Income 12151296162615
Interest 0000111000
Depreciation 6442234334
Exceptional Items 0000000000
Profit Before Tax 9611-27-37-30-35-14-8-419
Tax 314-10-11-6270400
Profit After Tax 658-17-26-24-63-14-11-419
PAT Margin (%) 18.8%4.6%-23.9%-44.8%-39.1%-104.0%-40.9%-41.3%-13.5%31.9%
Adjusted EPS (₹)25.33.1-6.6-10.0-9.3-24.4-5.6-4.4-1.67.4
Dividend Payout Ratio (%)13%32%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2132152011751528874615675
Share Capital 13131313131313131313
Reserves 2002021881621397561484362
Minority Interest0000000000
Debt00189915760
Long Term Debt0000008000
Short Term Debt0018997760
Trade Payables81779432123
Others Liabilities 97-3-16-186561016
Total Liabilities 23123920617614610695757493

Fixed Assets

Gross Block37381213132525232527
Accumulated Depreciation16294671014151821
Net Fixed Assets2198761511786
CWIP 1100600003
Investments 677210889634235403332
Inventories0000000000
Trade Receivables4617181066104111
Cash Equivalents 6890212510121010719
Others Assets27505045553229142522
Total Assets 23123920617614610695757493

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 5916-44-25-39-25-1011-912
PBT 9611-26-37-30-36-14-8-419
Adjustment -1-10-10-6-4-9202-1
Changes in Working Capital -3615-817-621318-7-6
Tax Paid 0000000000
Cash Flow From Investing Activity -1010-222925279-470
Capex -3-1-31-7-6010-5
Net Investments -13-5-331927177-561
Others 6151395162114
Cash Flow From Financing Activity -11-4-30000-800
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -10-1-30000000
Others -1-300000-800
Net Cash Flow 3821-694-151-10-312
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)34.273.71-8.11-13.67-14.6-52.25-17.88-16.91-6.9729.05
ROCE (%)50.985.58-12.63-19.06-17.04-26.8-15.01-9.64-5.7928.23
Asset Turnover Ratio1.640.730.320.30.380.470.350.320.40.71
PAT to CFO Conversion(x)0.912N/AN/AN/AN/AN/AN/AN/A0.63
Working Capital Days
Receivable Days49689290483682942937
Inventory Days0000000000
Payable Days01,0164183,185316593493387974207

RS Software (India) Ltd Stock News

RS Software (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of RS Software (India) on 04-Oct-2024 10:09 is ₹261.9.
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-Oct-2024 10:09 the market cap of RS Software (India) stood at ₹685.3.
The latest P/E ratio of RS Software (India) as of 04-Oct-2024 10:09 is 34.77.
The latest P/B ratio of RS Software (India) as of 04-Oct-2024 10:09 is 8.80.
The 52-week high of RS Software (India) is ₹370.1 and the 52-week low is ₹49.34.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RS Software (India) is ₹67.22 ( Cr.) .

About RS Software (India) Ltd

R S Software (India) Ltd.(RSL) was incorporated as a private limited company on December 2, 1987 under the Companies Act 1956 and it was converted into a public limited company on February 5 1992. Promoted by R.R. Jain the company is a leading software company providing quality software services and consulting.

In the past more than 18 years, the company grew with global leaders in the electronic payments industry. This has been made possible through their deep engagement in the client's business space, backed by strong application management fundamentals that continue to power their core execution engine.

The company has developed business solutions in Gift & Loyalty, Risk Prediction, Residual Management, Payment Gateway and Merchant Boarding Design to reduce customers cycle time for application development/integration.

The company is having ability to scale up and manage large applications like development, maintenance, testing, 24/7 support for payment industry companies

Services offered by the company:-

Payment Solutions

  • Gift & Loyalty
  • Risk Modeling
  • Residual Management
  • Payment Gateway
  • Merchant Boarding

Technology Solutions

  • Data Analytics
  • Business Intelligence
  • Data Warehousing

Milestones

  • 1991 Brought the IBM 390 technology to India
  • 1992 Signed up IBM, Lexmark and American Express as clients
  • 1999 CEO Mr. Raj Jain appointed chairman of NASSCOM
  • 2000 Assessed at SEI CMM Level 4 by KPMG and at PCMM Level 3 by Q-Labs and KPMG
  • 2004 Focused in the Payment Industry domain
  • 2005 Signed up as clients, with Payments Industry leaders in the Acquiring space, and Internet Gateways in the US
  • 2006 Appointed Adfactors as Public Relations Agency         Sold the first product developed in-house – a Merchant Boarding solution

Achievements/ recognition:-

  • Awarded ISO 9001:2000 certification by KPMG
  • Awarded BS7799 certified by KPMG
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