MarketFriction

R Systems International Ltd

NSE RSYSTEMS · BSE 532735 · IT Enabled Services
₹263.60 -5.82%
NSE close2026-10-01
52 week range213.52 - 435.90
Market cap₹3,509 Cr.
P/E16.7
Price band 20% Delivery 10.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales457416417432444449442462499555575602
Expenses375354363371376378372392427462471491
Operating Profit82635461687171707294104111
OPM %18%15%13%14%15%16%16%15%14%17%18%18%
Other Income0224242472-22171
Interest3332221247109
Depreciation171717171716151617192222
Profit before tax624436475257579953469081
Tax %29%-3%24%47%23%31%32%24%34%20%27%31%
Net Profit444627254039397635366556
EPS in Rs3.723.882.322.103.373.303.266.412.983.085.524.69
Dec 2016Dec 2017Dec 2018Dec 2019Mar 2020Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales5885937008098098811,1561,5161,6851,7421,9582,230
Expenses5185606437367367649951,3161,4321,4851,6521,850
Operating Profit7133577373116161200252257307380
OPM %12%6%8%9%9%13%14%13%15%15%16%17%
Other Income171619151511421011829-1
Interest10022655981430
Depreciation121314151526283554656680
Profit before tax763563727296170170200192255269
Tax %29%36%19%19%19%15%17%18%30%32%27%
Net Profit542351585882141140140131186193
EPS in Rs4.331.824.124.834.866.8411.9611.8111.8411.0915.7316.27
Dividend Payout %0%0%14%31%0%0%48%55%57%113%38%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%17%9%24%
Compounded Profit Growth13%16%7%9%
Stock Price CAGR18%7%-16%-27%
Return on Equity23%25%23%24%
Dec 2016Dec 2017Dec 2018Dec 2019Mar 2020Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital121212121212121212121212
Reserves2662593113263264154485346006127801,086
Borrowings2226523587713173410369
Other Liabilities103119119148149200174210572519901643
Total Liabilities3833924434934936506928331,3151,2162,1022,110
Fixed Assets80464572721111271566275711,1251,109
CWIP302220030401
Investments26222034341313140000
Other Assets2743233773843855265526616886419771,001
Total Assets3833924434934936506928331,3151,2162,1022,110
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Mar 2020Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity45443731641258796211235220
Cash from Investing Activity4111-58-318-3219-8-21914-311
Cash from Financing Activity-113-19-1-9-4610-116-86-41-216209
Net Cash Flow-2735-22-926103-92-4933118
Free Cash Flow2930-29-15461086061193224213
CFO/OP111%93%159%78%106%126%72%68%105%116%98%
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Mar 2020Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days636774716060545662545477
Inventory Days
Days Payable
Cash Conversion Cycle636774716060545662545477
Working Capital Days22322655385440414512721
ROCE %30%27%13%21%22%22%26%36%31%26%21%19%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.93%51.93%51.93%51.93%51.93%51.93%51.90%51.89%51.89%51.88%51.85%51.85%
FIIs0.19%0.25%0.61%0.60%0.43%3.99%3.96%3.57%3.60%3.55%3.76%3.83%
DIIs0.69%0.78%1.03%1.10%1.72%7.44%8.66%8.83%8.94%9.41%8.60%6.53%
Public47.20%47.06%46.45%46.38%45.95%36.65%35.48%35.71%35.58%35.15%35.78%37.79%
No. of Shareholders28,58429,34130,43731,21032,23534,29035,36838,04040,29438,66844,37244,973

Fundamentals

Market Cap₹ 3,509 Cr.
Current Price₹ 299
Stock P/E16.7
Book Value₹ 92.7
ROCE19.5 %
ROE24.4 %
Dividend Yield2.68 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)24%
Compounded Profit Growth (TTM)9%
Consolidated figures.
Valuation
Market capRs 3,118 Cr
Enterprise valueRs 3,214 Cr
P/E (TTM)16.18x
Price to book3.94x
Price to sales1.40x
EV / EBITDA8.49x
EV / EBIT10.75x
EV / sales1.44x
Price to cash flow14.18x
Earnings yield6.18%
Dividend yield2.28%
P/E, 3-year average38.02x
P/B, 3-year average8.50x
P/E, 5-year average32.54x
P/B, 5-year average7.87x
Profitability
Operating margin (excl. other income)15.66%
Operating margin (incl. other income)17.15%
EBITDA margin16.97%
Pre-tax margin12.08%
Net profit margin8.64%
Net margin, latest quarter9.24%
ROE26.31%
ROCE28.38%
ROA11.22%
ROE, 3-year average23.92%
ROCE, 3-year average28.92%
ROA, 3-year average11.55%
ROE, 5-year average26.29%
ROCE, 5-year average30.72%
ROA, 5-year average14.81%
ROIC (approx.)24.59%
Tax rate27.03%
Other income / net worth3.67%
Growth
Sales growth (latest year)12.43%
Profit growth (latest year)41.94%
Sales CAGR, 3 years8.91%
Sales CAGR, 5 years17.33%
Profit CAGR, 3 years10.06%
Profit CAGR, 5 years17.88%
Sales growth QoQ4.69%
Profit growth QoQ-15.04%
Sales growth YoY (latest quarter)30.23%
Profit growth YoY (latest quarter)-26.74%
Per share
EPS (TTM)Rs 16.29
EPS (latest year)Rs 15.74
EPS (latest quarter)Rs 4.70
EPS, 3-year averageRs 12.89
EPS, 5-year averageRs 12.49
Book value per shareRs 66.91
Sales per shareRs 188.52
Cash flow per shareRs 18.59
Free cash flow per shareRs 18.00
Dividend per share (latest year)Rs 6.00
Dividend per share, 3-year averageRs 8.43
Dividend per share, 5-year averageRs 7.50
Dividends
Dividend payout38.15%
Dividend payout, 3-year average69.43%
Dividend payout, 5-year average62.20%
Efficiency
Asset turnover0.93x
Fixed asset turnover1.74x
Debtor days77 days
Debtors turnover4.77x
Cash conversion cycle77 days
Working capital days21 days
Leverage
Total debtRs 410 Cr
Cash and bankRs 314 Cr
Net debtRs 96 Cr
Debt to equity0.52x
Net debt / EBITDA0.25x
Interest coverage10.10x
Current ratio (filing 2026-06-30)2.29x
Quick ratio (filing 2026-06-30)2.29x
Trade payables (filing 2026-06-30)Rs 104 Cr
Owners' fund to total sources37.66%
Debt to assets19.49%
Cash flow
Cash from Operating Activity (latest year)Rs 220 Cr
Cash from Investing Activity (latest year)Rs -311 Cr
Cash from Financing Activity (latest year)Rs 209 Cr
Net Cash Flow (latest year)Rs 118 Cr
Free cash flow (latest year)Rs 213 Cr
FCFE (approx.: FCF + change in debt)Rs 550 Cr
Cash from ops / profit, 5 years1.15x
Sales to cash flow8.91x
Statement figures
Net sales (TTM)Rs 2,230 Cr
Net sales (latest year)Rs 1,958 Cr
Sales (latest quarter)Rs 602 Cr
Operating profit excl. other income (latest year)Rs 307 Cr
Operating profit (latest quarter)Rs 111 Cr
Other income (TTM)Rs -1 Cr
EBITDA (TTM)Rs 379 Cr
PBDT (TTM)Rs 349 Cr
Profit before tax (TTM)Rs 269 Cr
Tax (latest year)Rs 69 Cr
Net profit (TTM)Rs 193 Cr
Net profit (latest year)Rs 186 Cr
Net profit (latest quarter)Rs 56 Cr
Depreciation (TTM)Rs 80 Cr
Depreciation (latest quarter)Rs 22 Cr
Interest (TTM)Rs 30 Cr
Cost of goods sold (latest year)Rs 77 Cr
Total expenditure (latest year)Rs 1,652 Cr
Total income (latest year)Rs 1,987 Cr
Share capitalRs 12 Cr
ReservesRs 780 Cr
Shareholders' fundsRs 792 Cr
Total assetsRs 2,102 Cr
Net blockRs 1,125 Cr
Capital work in progressRs 0 Cr
ReceivablesRs 411 Cr
Other liabilitiesRs 901 Cr
Shares outstanding (crore)11.83
Ownership
Promoter holding51.85% (-0.04 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 16.2 is at the 14th percentile of its own 8.7-year range (median 22.3, low 9.2, high 47.0).
P/B 3.94 is at the 38th percentile (median 5.55).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRSYSTEMSNifty 50Difference
1 week+11.0%-2.8% +13.8 pts
1 month+3.1%-6.8% +9.9 pts
3 months+19.7%-7.6% +27.3 pts
6 months+12.8%+0.4% +12.4 pts
1 year-38.4%-9.9% -28.5 pts
2 years-46.6%-13.6% -33.1 pts
3 years-47.6%+14.2% -61.7 pts
5 years+18.6%+27.9% -9.3 pts
12 mutual fund schemes hold about ₹141 Cr. Over three months 0 bought more and 11 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
DSP Small Cap Fund0.23%50 -21%
Sundaram Services Fund0.51%27 -18%
Sundaram Services Fund0.51%26 -18%
Sundaram Small Cap Fund0.59%25 -19%
DSP Multi Cap Fund0.35%11 -16%
Sundaram LT Micro Cap Tax Adv Fund-Sr III-0.83%1 -13%
Sundaram LT Micro Cap Tax Adv Fund-Sr VI-0.85%0 -13%
Sundaram LT Micro Cap Tax Adv Fund-Sr IV0.81%0 -12%
Sundaram LT Tax Adv Fund-Sr III0.83%0 -13%
Sundaram LT Micro Cap Tax Adv Fund-Sr V-0.80%0 -14%
Sundaram LT Tax Adv Fund-Sr IV0.81%0 -11%
Motilal Oswal BSE 1000 Index Fund0.00%0

Red flags

F-score 5 of 8
explainReceivables outrunning sales Receivables grew 60% vs sales +12% in 2025
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹602 Cr +30.3% vs Jun 2025. Net profit ₹56 Cr -26.3%.

Activity

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2026-09-29Qe Securities LlpSELL1,726,316293.56
2026-09-29Qe Securities LlpBUY1,710,976293.97
2026-09-29Plutus Wealth Management LlpSELL3,620,547295.56
2026-09-29Plutus Wealth Management LlpBUY3,620,547295.44
2026-09-29Nk Securities Research Private LimitedSELL1,743,884296.02
2026-09-29Nk Securities Research Private LimitedBUY1,743,884295.84
2026-09-29Musigma SecuritiesSELL603,352296.38
2026-09-29Musigma SecuritiesBUY603,352296.24
2026-09-29Microcurves Trading Private LimitedSELL3,125,133294.77
2026-09-29Microcurves Trading Private LimitedBUY3,125,174294.63
2026-09-29Marwadi Shares And Finance Ltd.SELL691,186296.03
2026-09-29Marwadi Shares And Finance Ltd.BUY691,186296.11
2026-09-29Marwadi Chandarana Intermediaries Brokers Private LimitedSELL844,334292.76
2026-09-29Marwadi Chandarana Intermediaries Brokers Private LimitedBUY874,334293.88
2026-09-29Junomoneta Finsol Private LimitedSELL1,214,782294.79
2026-09-29Junomoneta Finsol Private LimitedBUY1,223,924294.53
2026-09-29Irage Broking Services LlpSELL1,087,664295.94
2026-09-29Irage Broking Services LlpBUY1,626,154296.74
2026-09-29Imc India Securities Private LimitedSELL742,451292.66
2026-09-29Imc India Securities Private LimitedBUY742,451292.93
2026-09-29Grt Strategic Ventures LlpSELL654,531295.88
2026-09-29Grt Strategic Ventures LlpBUY654,531295.74
2026-09-29Elixir Wealth Management Private LimitedSELL1,037,112297.89
2026-09-29Elixir Wealth Management Private LimitedBUY1,042,123296.75
2026-09-29Dipan Mehta Commodities Private LimitedSELL620,694296.94
2026-09-29Dipan Mehta Commodities Private LimitedBUY603,694295.99
2026-09-29Clt Research Tech Private LtdSELL889,245293.81
2026-09-29Clt Research Tech Private LtdBUY889,245293.65
2026-09-29Alphagrep Securities Private LimitedSELL2,217,614295.19
2026-09-29Alphagrep Securities Private LimitedBUY2,217,614294.94
2026-09-28Vinsul Makardi LtdSELL638,363265.29
2026-09-28Vinsul Makardi LtdBUY638,363265.07
2026-09-28Qe Securities LlpSELL1,304,556264.59
2026-09-28Qe Securities LlpBUY1,301,711266.68
2026-09-28Nk Securities Research Private LimitedSELL2,192,332266.00
2026-09-28Nk Securities Research Private LimitedBUY2,192,245265.86
2026-09-28Musigma SecuritiesSELL1,631,993267.04
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2026-09-28Microcurves Trading Private LimitedSELL4,089,212266.54
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Ex-dateActionFactor
2026-10-01Interim Dividend - Rs 8 Per Share
2026-03-12Interim Dividend - Rs 6 Per Share
2025-05-14Interim Dividend - Rs 6 Per Share
2024-11-19Interim Dividend - Rs 6.50 Per Share
2024-03-28Interim Dividend - Rs 6 Per Share
2023-12-22Interim Dividend - Rs 6.80 Per Share
2022-06-14Annual General Meeting/Interim Dividend - Rs 6.50 Per Sh
2021-11-11 Interim Dividend - Rs 3.20 Per Share
2021-08-26 Buy Back
2021-06-25 Interim Dividend - Rs 2.50 Per Share
2021-05-12 Annual General Meeting
2020-06-24 Annual General Meeting
2019-12-20 Interim Dividend - Rs 1.5 Per Share
2019-05-22 Annual General Meeting
2019-01-31 Buy Back
2018-05-22 Annual General Meeting/Interim Dividend- Re 0.60 Per Share (Purpose Revised)
2017-05-08 Annual General Meeting
2016-09-29 Buy Back Of Shares
2016-06-07 Annual General Meeting
2015-11-05 Interim Dividend Re 0.25 Per Share (Purpose Revised)
2015-08-11Second Interim (Special) Dividend - Rs 3.30 Per Share
2015-06-03Annual General Meeting/Dividend - Re 0.95/- Per Share (Purpose Revised)
2015-04-29Int Div Re 0.40 Per Share (Purpose Revised)
2014-12-26Fourth Interim (Special) Dividend - Rs 2.55 Per Share (Purpose Revised)
2014-11-053rd Interim Dividend Re.0.90 Per Share (Purpose Revised)
2014-08-05Second Interim Dividend - Re 0.50/- Per Share (Purpose Revised)
2014-06-12Interim Dividend - Re 0.95/- Per Share (Purpose Revised)
2014-04-29Annual General Meeting /Dividend Rs.0.95 Per Equity Share
2014-02-26Face Value Split From Rs 10/- To Re 1/- Per Share0.1000
2013-11-012nd Interim Dividend Rs.8.50 Per Share (Purpose Revised)
2013-08-02Interim Dividend Rs.2.50 Per Share
2013-04-30Annual General Meeting /Dividend Rs.7.50 Per Equity Share
2012-06-01Special Dividend Rs 16 Per Share (Purpose Revised)
2012-04-20Annual General Meeting And Dividend Rs.3.60 Per Share
2011-05-13Annual General Meeting And Dividend Rs.2.40 Per Share
2010-05-07Agm/Div-Rs.2.40 Per Share
2009-04-16Agm/Dividend - 24%
2008-04-23Agm/Dividend - 18%
2007-04-20Agm/Div-Rs.1.20/- Per Sh
DateTypeWhat it says
2026-09-26General UpdatesCOMMUNICATION TO SHAREHOLDERS - INTIMATION ON TAX DEDUCTION ON DIVIDEND
2026-09-25AppointmentAppointment of Mr Gurprit Singh as Company Secretary & Compliance Officer of the company w.e.f. September 25, 2026.
2026-09-25Record DateRecord date for the purpose of Dividend is 01-Oct-2026.
2026-09-25DividendOutcome of Board Meeting held on September 25, 2026
2026-09-10Shareholder meetingSrutinizers report along with voting results.
2026-08-24ResignationResignation of Director/KMP/SMP
2026-08-24CessationCessation of Mr Piyush Jain as Company Secretary & Compliance Officer of the company with effect from the closing hours on August 24, 2026.
2026-08-18AllotmentThe Nomination, Remuneration and Compensation Committee of the Board of Directors of R Systems International Limited (the Company ), by way of resolu...
2026-08-11Concall / analyst meetTranscript of the Investors/ Analysts Call held on August 05, 2026.
2026-08-11Shareholder meetingNotice of Postal Ballot
2026-08-07Concall / analyst meetSchedule of meet
2026-08-05Concall / analyst meetLink of Recording
2026-08-04Investor PresentationInvestor Presentation
2026-08-04Press ReleasePRESS RELEASE ON THE FINANCIAL RESULTS OF THE COMPANY FOR THE QUARTER AND SIX MONTHS ENDED JUNE 30, 2026".".
2026-08-04Board meeting outcomeR Systems International Limited has submitted to the Exchange, the financial results for the quarter and six months ended June 30, 2026.
2026-07-29Press ReleaseA press release dated July 29, 2026, titled "Press Release - R Systems Recognized as a Horizon 2 GCC Accelerator in HFS Horizons: GCC Services, 2026 R...
2026-07-28Concall / analyst meetSchedule of meet to be held on Wednesday, August 5, 2026, at 10:00 A.M. (IST) to discuss the financial results of the Company for the quarter and six ...
2026-07-14General UpdatesGeneral Updates-Receipt of Unsolicited ESG Rating
2026-07-07Credit Rating- RevisionCredit Rating- Revision
2026-06-29General UpdatesREMINDER TO SHAREHOLDERS HOLDING SHARES IN PHYSICAL MODE REGARDING MANDATORY FURNISHING OF PAN, KYC AND BANK DETAILS
2026-06-27AllotmentThe Nomination, Remuneration and Compensation Committee of the Board of Directors of R Systems International Limited , by way of resolution passed thr...
2026-06-25ResignationResignation of Director/KMP/SMP
2026-06-25AppointmentAppointment of Mr Mr. Shailesh Sharad Kekre (DIN: 07679583) as Chairman of the company w.e.f. Jun 29, 2026.
2026-06-25Director changeChange in Director(s) of the company.
2026-06-25ResignationResignation of Mr Mr. Mukesh Mehta as Non- Executive Director of the company w.e.f. Jun 29, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-2916,460
2026-09-28406,277
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-11-06NCLTR Systems International Limited Vs R Systems International Limited
2020-10-23NCLTR Systems International Limited Vs R Systems International Limited
2020-09-18NCLTR Systems International Limited Vs R Systems International Limited
2020-03-18NCLTSchem of Amalgamation Between Vs R Systems International Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03