R Systems International
R Systems International
Information TechnologyKey Fundamentals
MicrocapIT Enabled ServicesInformation TechnologyTapetide Score
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Key Insights
Strengths
2- Company has a good return on equity (ROE) track record: 3 Years ROE 23.4%
- Company has been maintaining a healthy dividend payout of 69.4%
Weaknesses
2- Company might be capitalizing the interest cost
- Debtor days have increased from 61.6 to 76.5 days.
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 407 | 457 | 416 | 417 | 432 | 444 | 449 | 442 | 462 | 499 | 555 | 575 | 602 |
| Expenses | 354 | 375 | 354 | 363 | 371 | 376 | 378 | 372 | 392 | 427 | 462 | 471 | 491 |
| Operating Profit | 53 | 82 | 63 | 54 | 61 | 68 | 71 | 71 | 70 | 72 | 94 | 104 | 111 |
| OPM % | 13% | 18% | 15% | 13% | 14% | 15% | 16% | 16% | 15% | 14% | 17% | 18% | 18% |
| Other Income | 4 | 0 | 2 | 2 | 4 | 2 | 4 | 2 | 47 | 2 | -22 | 17 | 1 |
| Interest | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 1 | 2 | 4 | 7 | 10 | 9 |
| Depreciation | 10 | 17 | 17 | 17 | 17 | 17 | 16 | 15 | 16 | 17 | 19 | 22 | 22 |
| PBT | 46 | 62 | 44 | 36 | 47 | 52 | 57 | 57 | 99 | 53 | 46 | 90 | 81 |
| Tax % | 68% | 29% | -3% | 24% | 47% | 23% | 31% | 32% | 24% | 34% | 20% | 27% | 31% |
| Net Profit | 14 | 44 | 46 | 27 | 25 | 40 | 39 | 39 | 76 | 35 | 36 | 65 | 56 |
| EPS in Rs | 1.22 | 3.72 | 3.88 | 2.32 | 2.1 | 3.37 | 3.3 | 3.26 | 6.41 | 2.98 | 3.08 | 5.52 | 4.69 |
Profit & Loss
| Particulars | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 605 | 588 | 593 | 700 | 809 | 809 | 881 | 1,156 | 1,516 | 1,685 | 1,742 | 1,958 | 2,230 |
| Expenses | 533 | 518 | 560 | 643 | 736 | 736 | 764 | 995 | 1,316 | 1,432 | 1,485 | 1,652 | 1,850 |
| Operating Profit | 73 | 71 | 33 | 57 | 73 | 73 | 116 | 161 | 200 | 252 | 257 | 307 | 380 |
| OPM % | 12% | 12% | 6% | 8% | 9% | 9% | 13% | 14% | 13% | 15% | 15% | 16% | 17% |
| Other Income | 70 | 17 | 16 | 19 | 15 | 15 | 11 | 42 | 10 | 11 | 8 | 29 | -1 |
| Interest | 1 | 1 | 0 | 0 | 2 | 2 | 6 | 5 | 5 | 9 | 8 | 14 | 30 |
| Depreciation | 14 | 12 | 13 | 14 | 15 | 15 | 26 | 28 | 35 | 54 | 65 | 66 | 80 |
| PBT | 128 | 76 | 35 | 63 | 72 | 72 | 96 | 170 | 170 | 200 | 192 | 255 | 269 |
| Tax % | 23% | 29% | 36% | 19% | 19% | 19% | 15% | 17% | 18% | 30% | 32% | 27% | — |
| Net Profit | 98 | 54 | 23 | 51 | 58 | 58 | 82 | 141 | 140 | 140 | 131 | 186 | 193 |
| EPS in Rs | 7.71 | 4.33 | 1.82 | 4.12 | 4.83 | 4.86 | 6.84 | 11.96 | 11.81 | 11.84 | 11.09 | 15.73 | 16.27 |
| Div. Payout % | 51% | 0% | 0% | 14% | 31% | 0% | 0% | 48% | 55% | 57% | 113% | 38% | — |
Balance Sheet
| Particulars | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 230 | 266 | 259 | 311 | 326 | 326 | 415 | 448 | 534 | 600 | 612 | 780 | 1,086 |
| Borrowings | 1 | 2 | 2 | 2 | 6 | 5 | 23 | 58 | 77 | 131 | 73 | 410 | 369 |
| Other Liabilities | 111 | 103 | 119 | 119 | 148 | 149 | 200 | 174 | 210 | 572 | 519 | 901 | 643 |
| Total Liabilities | 356 | 383 | 392 | 443 | 493 | 493 | 650 | 692 | 833 | 1,315 | 1,216 | 2,102 | 2,110 |
| Fixed Assets | 80 | 80 | 46 | 45 | 72 | 72 | 111 | 127 | 156 | 627 | 571 | 1,125 | 1,109 |
| CWIP | 0 | 3 | 0 | 2 | 2 | 2 | 0 | 0 | 3 | 0 | 4 | 0 | 1 |
| Investments | 41 | 26 | 22 | 20 | 34 | 34 | 13 | 13 | 14 | 0 | 0 | 0 | 0 |
| Other Assets | 235 | 274 | 323 | 377 | 384 | 385 | 526 | 552 | 661 | 688 | 641 | 977 | 1,001 |
| Total Assets | 356 | 383 | 392 | 443 | 493 | 493 | 650 | 692 | 833 | 1,315 | 1,216 | 2,102 | 2,110 |
Cash Flow
| Particulars | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 45 | 44 | 37 | 31 | 64 | — | 125 | 87 | 96 | 211 | 235 | 220 |
| Investing | 41 | 11 | -58 | -31 | 8 | — | -32 | 19 | -8 | -219 | 14 | -311 |
| Financing | -113 | -19 | -1 | -9 | -46 | — | 10 | -116 | -86 | -41 | -216 | 209 |
| Net Cash Flow | -27 | 35 | -22 | -9 | 26 | — | 103 | -9 | 2 | -49 | 33 | 118 |
| Free Cash Flow | 29 | 30 | -29 | -15 | 46 | — | 108 | 60 | 61 | 193 | 224 | 213 |
| CFO/OP | 111 | 93 | 159 | 78 | 106 | — | 126 | 72 | 68 | 105 | 116 | 98 |
Ratios
| Particulars | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 67 | 74 | 71 | 60 | 60 | 54 | 56 | 62 | 54 | 54 | 77 |
| Cash Conversion Cycle | 63 | 67 | 74 | 71 | 60 | 60 | 54 | 56 | 62 | 54 | 54 | 77 |
| Working Capital Days | 22 | 32 | 26 | 55 | 38 | 54 | 40 | 41 | 45 | 1 | 27 | 21 |
| ROCE % | 30% | 27% | 13% | 21% | 22% | 22% | 26% | 36% | 31% | 26% | 21% | 19% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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69 extracted metrics + investor summaries across FY10–FY26.
Documents
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Company Information
R Systems is a leading provider of technology, artificial intelligence, analytics and knowledge services. It partners with customers to enable or elevate their digital transformation with diversified digital offerings including product engineering, cloud enablement, quality assurance testing and digital platforms and solutions. [1][2]
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