R Systems Intl.

₹418.2 8 | 2%

WEBSITE BSE:532735 NSE : RSYSTEMINT 10 May, 16:01

Market Cap ₹4947 Cr.

Stock P/E 37.5

P/B 7.7

Current Price ₹418.2

Book Value ₹ 54

Face Value 1

52W High ₹599

Dividend Yield 1.55%

52W Low ₹ 241.2

Edit Ratio

R Systems Intl. Research see more...

Overview Inc. Year: 1993Industry: IT - Software

R Systems International Ltd gives IT and business process outsourcing (BPO) services worldwide. It offers AWS powered, campaign to closure, customer experience analytics, and TOP testing suite solutions. It additionally presents technology solutions, which includes cloud enablement, digital platforms and solutions, Internet of Things, product engineering, and QA testing; automation and AI data and analytics services, which include superior analytics, AI machine learning, business analytics, intelligent automation, data monetization and modernization, current information control, design services, along with re-engineering, UX engineering, mobile user experience, and visual layout services. It serves finance and coverage, healthcare and life science, telecom, technology, media and amusement, retail and e-commerce, and public sectors. The organization was founded in 1993 and is headquartered in Noida, India.

R Systems Intl. Share Price

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Peer Comparison

R Systems Intl. Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	329	343	375	398	400	404	407	457	416	417
Other Income	5	4	3	1	2	5	4	0	2	2
Total Income	334	347	378	400	402	409	411	457	418	419
Total Expenditure	284	301	329	344	342	350	354	375	353	363
Operating Profit	50	47	49	55	59	60	57	82	65	56
Interest	1	1	1	1	2	2	2	3	3	3
Depreciation	8	8	8	9	10	10	10	17	17	17
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	41	37	39	45	48	48	46	62	45	36
Provision for Tax	8	8	7	9	7	12	31	18	-1	9
Profit After Tax	33	30	32	37	41	36	14	44	46	27
Adjustments	0	0	0	0	0	0	0	-0	-0	0
Profit After Adjustments	33	30	32	37	41	36	14	44	46	27
Adjusted Earnings Per Share	2.8	2.5	2.7	3.1	3.5	3	1.2	3.7	3.9	2.3

R Systems Intl. Profit & Loss

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	TTM
Net Sales	465	596	648	605	588	593	700	809	881	1156	1516	1697
Other Income	15	9	9	10	13	16	19	15	13	42	10	8
Total Income	480	605	658	615	601	609	719	825	893	1198	1526	1705
Total Expenditure	440	522	558	533	518	560	643	736	764	995	1316	1445
Operating Profit	40	83	100	82	83	49	76	88	129	203	210	260
Interest	1	1	1	1	1	0	0	2	6	5	5	11
Depreciation	10	10	11	14	12	13	14	15	26	28	35	61
Exceptional Income / Expenses	0	0	25	60	5	0	0	0	-2	0	0	0
Profit Before Tax	29	72	112	127	76	35	63	72	96	170	170	189
Provision for Tax	10	19	34	30	22	13	12	14	14	29	30	57
Profit After Tax	18	53	78	98	54	23	51	58	82	141	140	131
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	18	53	78	98	54	23	51	58	82	141	140	131
Adjusted Earnings Per Share	1.5	4.2	6.1	7.8	4.4	1.8	4.1	4.9	6.8	12	11.8	11.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	31%	23%	21%	13%
Operating Profit CAGR	3%	34%	34%	18%
PAT CAGR	-1%	34%	44%	23%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	68%	46%	55%	25%
ROE Average	28%	27%	23%	23%
ROCE Average	35%	33%	28%	31%

R Systems Intl. Balance Sheet

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Shareholder's Funds	195	232	213	243	278	271	323	338	427	460	545
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	1	1	1	2	2	2	5	8	1	1
Other Non-Current Liabilities	23	28	32	65	54	4	5	19	51	50	66
Total Current Liabilities	98	118	185	133	130	110	108	124	150	164	198
Total Liabilities	316	379	431	441	464	386	437	487	636	675	811
Fixed Assets	65	74	70	80	77	44	42	70	109	125	154
Other Non-Current Assets	40	45	39	95	82	25	25	27	19	14	27
Total Current Assets	211	259	323	267	304	317	369	390	509	536	630
Total Assets	316	379	431	441	464	386	437	487	636	675	811

R Systems Intl. Cash Flow

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Opening Cash & Cash Equivalents	57	52	80	106	79	115	93	84	111	214	204
Cash Flow from Operating Activities	35	48	72	45	44	37	31	64	125	87	96
Cash Flow from Investing Activities	-16	-6	8	40	10	-58	-35	6	-38	21	-21
Cash Flow from Financing Activities	-26	-21	-53	-113	-19	-1	-9	-46	10	-116	-86
Net Cash Inflow / Outflow	-7	21	27	-28	34	-22	-13	24	97	-7	-11
Closing Cash & Cash Equivalent	52	80	106	79	114	93	84	110	214	204	206

R Systems Intl. Ratios

#	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Earnings Per Share (Rs)	1.47	4.16	6.13	7.76	4.36	1.83	4.14	4.86	6.84	11.95	11.81
CEPS(Rs)	2.27	4.96	7.01	8.87	5.3	2.92	5.24	6.1	8.98	14.3	14.76
DPS(Rs)	2.35	2.05	5.85	3.95	0	0	0.6	1.5	0	5.7	6.5
Book NAV/Share(Rs)	15.55	18.3	16.73	19.25	22.55	21.96	26.18	28.27	35.68	38.91	46.11
Core EBITDA Margin(%)	5.39	12.36	13.98	11.96	12.01	5.57	8.18	9.02	13.22	13.91	13.18
EBIT Margin(%)	6.35	12.18	17.5	21.23	13	6.03	8.99	9.08	11.57	15.14	11.55
Pre Tax Margin(%)	6.2	12.05	17.34	21.07	12.87	5.96	8.96	8.89	10.93	14.72	11.23
PAT Margin (%)	3.95	8.84	12.05	16.17	9.13	3.8	7.29	7.18	9.29	12.24	9.21
Cash Profit Margin (%)	6.12	10.55	13.78	18.49	11.08	6.08	9.23	9.02	12.2	14.64	11.52
ROA(%)	5.76	15.18	19.3	22.43	11.86	5.31	12.41	12.59	14.57	21.57	18.8
ROE(%)	9.34	24.71	35.12	42.9	20.63	8.22	17.21	17.6	21.39	31.89	27.78
ROCE(%)	14.97	33.88	50.76	56.07	29.16	12.92	21.06	21.96	25.66	38.41	34.7
Receivable days	79.82	61.9	64.49	69.29	66.04	70.52	67.09	60.64	54.64	48.83	52.38
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	15.37	9.01	14.18	9.81	13.14	25.48	11.86	14.4	17.66	27.14	21.5
Price/Book(x)	1.45	2.05	5.2	3.95	2.54	2.12	1.88	2.48	3.38	8.34	5.5
Dividend Yield(%)	10.42	5.47	6.73	5.19	0	0	1.22	2.14	0	1.76	2.56
EV/Net Sales(x)	0.43	0.63	1.5	1.45	1.01	0.72	0.67	0.86	1.38	3.13	1.83
EV/Core EBITDA(x)	5.08	4.53	9.75	10.65	7.12	8.64	6.16	7.88	9.41	17.82	13.21
Net Sales Growth(%)	13.56	28.18	8.8	-6.7	-2.78	0.75	18.1	15.64	8.8	31.23	31.17
EBIT Growth(%)	35.9	145.78	56.4	13.16	-40.46	-53.27	76.11	16.76	38.62	71.74	0.04
PAT Growth(%)	11.2	187	48.27	25.21	-45.12	-58.03	126.52	13.87	40.73	72.91	-1.24
EPS Growth(%)	9.39	183.72	47.33	26.53	-43.78	-58.05	126.45	17.34	40.68	74.85	-1.24
Debt/Equity(x)	0	0.01	0	0.01	0.01	0.01	0.01	0.02	0.05	0	0
Current Ratio(x)	2.15	2.2	1.74	2.01	2.34	2.89	3.43	3.15	3.4	3.28	3.18
Quick Ratio(x)	2.15	2.2	1.74	2.01	2.34	2.89	3.43	3.15	3.4	3.28	3.18
Interest Cover(x)	43.76	96.97	104.34	133.97	96.6	89.8	237.54	46.96	17.98	35.62	35.74
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0.01	0.02	0	0

R Systems Intl. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	51.67	51.67	51.67	51.67	51.67	51.67	51.93	51.93	51.93	51.93
FII	0.81	0.51	0.42	0.42	0.4	0.25	0.17	0.19	0.25	0.6
DII	0	0	0	0	0	0	0.71	0.69	0.78	1.03
Public	47.51	47.82	47.91	47.91	47.92	48.07	47.19	47.19	47.05	46.44
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	6.11	6.11	6.11	6.11	6.11	6.11	6.14	6.14	6.14	6.14
FII	0.1	0.06	0.05	0.05	0.05	0.03	0.02	0.02	0.03	0.07
DII	0	0	0	0	0	0	0.08	0.08	0.09	0.12
Public	5.62	5.66	5.67	5.67	5.67	5.69	5.58	5.58	5.57	5.49
Others	0	0	0	0	0	0	0	0	0	0
Total	11.83	11.83	11.83	11.83	11.83	11.83	11.83	11.83	11.83	11.83

Pros

Company has delivered good profit growth of 43% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27%
Company is almost debt free.

Cons

Stock is trading at 7.7 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.