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RS Software (India) Ltd (RSSOFTWARE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517447 NSE: RSSOFTWARE IT - Software | Small Cap | RS Software (India) Share Price

₹32.85 0.75 (2.34%)

As on 04-Jun'26 16:59

RS Software (India) Ltd (RSSOFTWARE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517447 NSE: RSSOFTWARE IT - Software | Small Cap | RS Software (India) Share Price

₹32.85 0.75 (2.34%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹84 Cr.
Current Price
₹32.9
52-Week Low / High
₹22 / 91
TTM EPS
₹-11.6
TTM Sales
₹25.1 Cr.
Book Value per Share
₹20.4
P/E Ratio
0.00
Lower than its 3-year historical median
Industry PE
23.6
Price to Book (P/B)
1.59
Lower than its 5-year historical median
Price to Sales (P/S)
3.34
In line with its 5-year historical median
EV/EBITDA
-3.74
Lower than its 3-year historical median
Dividend Yield
0.37%
Profitability Efficiency
Return on Equity (ROE)
9.11%
Outperforms industry median
Return on Capital Employed (ROCE)
9.40%
Outperforms industry median
Return on Assets (ROA)
7.55%
Operating Profit Margin
17.6%
Net Profit Margin
12.46%
Gross Profit Margin
18.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-3.73%
Operating Profit Growth (1 Year)
-
-44.69%
Net Profit Growth (1 Year)
-
-62.4%
Asset Quality
Promoter Holding
40.88%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹40 Cr.
Equity
₹12.9 Cr.
Face Value
₹5
All Time Low / High
₹2.62 / 415.00

RS Software (India) stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is RS Software (India) Ltd a good quality company?
RS Software (India) Ltd is a quality company, based on a 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 RS Software (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of RS Software (India) Ltd vs industry peers?
RS Software (India) Ltd revenue CAGR is -0.90%, compared to the industry median CAGR of 2.48%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of RS Software (India) Ltd?
Promoters hold 40.88% of the RS Software (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of RS Software (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -9.3% 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.
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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 5.6%-12.6%-19.1%-17%-26.8%-15%-9.6%-5.8%28.2%9.4%-
Value Creation
Index
-0.6-1.9-2.4-2.2-2.9-2.1-1.7-1.41.0-0.3-

Growth Parameters

Sales 17170.757.4616035.427.530.159.557.325
Sales YoY Gr.--58.8%-18.8%6.4%-1.8%-41%-22.2%9.5%97.6%-3.7%-
Adj EPS 3.1-6.3-10.2-9.3-23.4-5.5-4.3-1.57.42.8-11.6
YoY Gr.--302.9%NANANANANANANA-62.7%-
BVPS (₹) 83.878.268.25934.328.623.721.729.131.720.4
Adj Net
Profit
8-16.2-26.3-23.9-60-14.2-11-3.8197.1-30
Cash Flow from Ops. 15.6-43.6-25.2-39.2-24.9-10.211.1-9.112.24.5-
Debt/CF from Ops. 0-0-0.3-0.2-0.4-1.50.6-0.600-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -11.5%-0.9%27.7%-3.7%
Adj EPS -1.3%NANA-62.7%
BVPS-10.2%-1.6%10.2%8.8%
Share Price -9.9% 3.1% -1.7% -42.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.7-7.8-14-14.6-50-17.6-16.3-6.629.19.1-44.5
Op. Profit
Mgn %
0.4-49.3-75.3-53.8-72.4-34-34.3-5.330.717.6-94.6
Net Profit
Mgn %
4.7-22.9-45.8-39.1-100.1-40.3-39.8-12.831.912.5-119.1
Debt to
Equity
0000.10.10.20.10.1000.1
Working Cap
Days
159352393347299394378266182220490
Cash Conv.
Cycle
3445541616597541134314

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales171.4270.7057.3961.0459.9635.3827.5130.1359.5457.32
Operating Expenses > + 170.79105.57100.6093.87107.1747.7437.5332.0541.2847.22
Manufacturing Costs7.177.145.735.475.402.592.142.062.112.02
Material Costs4.4710.130.917.892.401.991.590.704.595.75
Employee Cost 115.8665.8969.2859.4856.7532.2123.8520.6524.9829.46
Other Costs > 43.2922.4124.6921.0342.6210.949.968.659.609.99
Operating Profit > 0.63-34.87-43.21-32.82-47.21-12.36-10.02-1.9218.2610.10
Operating Profit Margin (%) 0.4%-49.3%-75.3%-53.8%-78.7%-34.9%-36.4%-6.4%30.7%17.6%
Other Income > + 15.4912.478.565.7715.762.225.671.244.640.81
Exceptional Items > 0000000000
Interest > 0.450.170.250.530.860.520.070.340.240.22
Depreciation > 4.173.962.092.213.033.813.193.053.663.55
Profit Before Tax > 11.50-26.53-36.99-29.80-35.34-14.47-7.61-4.0718.997.14
Tax > 3.55-9.64-11.26-5.9227.3403.75000
Profit After Tax 7.95-16.89-25.73-23.88-62.68-14.47-11.37-4.0718.997.14
PAT Margin (%) 4.6%-23.9%-44.8%-39.1%-104.0%-40.9%-41.3%-13.5%31.9%12.5%
Adjusted EPS (₹)3.1-6.6-10.0-9.3-24.4-5.6-4.4-1.67.42.8
Dividend Payout Ratio (%)32.30%0%0%0%0%0%0%0%0%9%

Valuation of RS Software (India) - 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.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 215.24201.02175.32151.6788.2873.6160.8555.8874.8681.85
Share Capital 12.8512.8512.8512.8512.8512.8512.8512.8512.8512.92
Reserves 202.39188.16162.47138.8175.4360.7647.9943.036268.94
Debt +01.267.848.548.8115.226.745.5400
Long Term Debt000007.800.09000
Short Term Debt01.267.848.548.817.426.655.5400
Minority Interest0000000000
Trade Payables16.646.579.284.403.401.981.392.342.881.01
Others Liabilities 7.13-3.18-15.95-18.455.904.516.471015.7312.72
Total Liabilities 239.01205.66176.48146.15106.4095.3375.4473.7793.4695.59

Fixed Assets

Net Fixed Assets +8.637.776.835.7715.0111.257.447.625.5810.11
Gross Block37.9111.6912.8413.1225.3225.2922.6825.4527.0734.22
Accumulated Depreciation29.283.9267.3510.3114.0415.2517.8321.4924.12
CWIP 0.790.200.206.2400003.502.61
Investments 72.10108.4089.1763.0342.2334.7139.9033.1631.7331.73
Inventories0000000000
Trade Receivables17.4718.239.936.155.7010.263.860.8611.194.68
Cash Equivalents 89.7120.8225.0310.3011.7110.4710.047.1619.2615.58
Others Assets 50.3250.2445.3254.6631.7528.6414.2124.9722.1930.88
Total Assets 239.01205.66176.48146.15106.4095.3375.4473.7793.4695.59

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 15.61-43.55-25.19-39.18-24.91-10.1611.06-9.1112.214.45
PBT 11.50-25.96-36.99-29.84-36.44-14.47-7.61-4.0718.997.14
Adjustment -10.50-9.71-5.66-3.70-9.301.720.401.91-0.793.71
Changes in Working Capital 14.61-7.8817.46-5.6420.832.618.27-6.95-6-6.41
Tax Paid 0000000000
Cash Flow From Investing Activity + 9.70-22.2129.4324.7326.779.19-3.776.54-0.11-7.75
Capex -0.83-2.531.15-7.19-6.03-0.050.62-0.45-5.12-7.19
Net Investments -4.61-32.9319.2326.5816.997.19-5.206.421.420
Others 15.1513.259.055.3415.812.050.800.573.59-0.56
Cash Flow From Financing Activity + -4.01-3.13-0.04-0.28-0.44-0.27-7.71-0.310-0.38
Net Proceeds from Shares 0.060.0600000000.77
Net Proceeds from Borrowing 0000000000
Interest Paid -0.22-0.100-0.28-0.44-0.27-0-0.2200
Dividend Paid -0.77-3.08-0.04000000-0.64
Others -3.09-0.010000-7.71-0.090-0.50
Net Cash Flow 21.30-68.894.20-14.731.42-1.24-0.43-2.8812.11-3.68

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.71-8.11-13.67-14.6-52.25-17.88-16.91-6.9729.059.11
ROCE (%)5.58-12.63-19.06-17.04-26.8-15.01-9.64-5.7928.239.4
Asset Turnover Ratio0.730.320.30.380.470.350.320.40.710.61
PAT to CFO Conversion(x)1.96N/AN/AN/AN/AN/AN/AN/A0.640.62
Working Capital Days
Receivable Days67.8092.2089.6048.1036.1082.4093.7028.603750.50
Inventory Days0000000000
Payable Days1,015.60418.103,185.40316.30593.40492.80386.80974.40207.40123.50

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

RS Software (India) Ltd FAQs

The current trading price of RS Software (India) on 04-Jun-2026 16:59 is ₹32.85.

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 03-Jun-2026 the market cap of RS Software (India) stood at ₹84.00 Cr

The latest P/E ratio of RS Software (India) as of 03-Jun-2026 is 0.00.

The latest P/B ratio of RS Software (India) as of 03-Jun-2026 is 1.59.

The 52-week high of RS Software (India) is ₹91.31 and the 52-week low is ₹21.51.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RS Software (India) is ₹25.14 ( Cr.) .

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

The key valuation ratios of RS Software (India) 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 RS Software (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

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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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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