RSYSTEMS

R Systems International Limited

IT-enabled services and digital engineering company

Information Technology›Information Technology›IT - Services›IT Enabled Services

rsystems.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹261.50
Market cap
3,098 Cr
Stock P/E
16.1
P/B
2.82
Dividend yield
2.3%
ROE (year to Dec 2025)
15.2%
ROCE (year to Dec 2025)
17.5%
Operating margin (year to Dec 2025)
12.3%
Debt / equity (year to Dec 2025)
0.40
OCF / EBITDA (year to Dec 2025)
71.7%
OCF / EBITDA (3Y)
81.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

R Systems builds software and data, AI and cloud solutions for technology, financial services, telecom, healthcare and manufacturing clients, mostly in North America, as an IT services company that reports on a calendar-year basis.

Company snapshot

15thBy market cap

Ranked among 56 companies in IT Enabled Services.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 89.3% of revenue

SegmentRevenue shareRevenuePBTAssets
Business process outsourcing services
11.0%
49 Cr20 Cr0 Cr
Information technology services
89.3%
401 Cr46 Cr0 Cr

What we see

Positives
  • ✓Interest coverage of 17.0x — earnings comfortably cover interest obligations.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales457 Cr416 Cr417 Cr432 Cr444 Cr449 Cr442 Cr462 Cr499 Cr555 Cr575 Cr602 Cr
Operating expenses (approx.)375 Cr353 Cr363 Cr371 Cr376 Cr378 Cr372 Cr392 Cr427 Cr462 Cr474 Cr491 Cr
EBITDA82 Cr63 Cr53 Cr61 Cr68 Cr71 Cr71 Cr70 Cr72 Cr94 Cr101 Cr111 Cr
OPM %18.0%15.1%12.8%14.2%15.4%15.7%15.9%15.2%14.5%16.9%17.5%18.4%
Other income0.12 Cr2 Cr2 Cr4 Cr2 Cr4 Cr2 Cr47 Cr2 Cr3 Cr20 Cr1 Cr
Interest3 Cr3 Cr3 Cr2 Cr2 Cr2 Cr1 Cr2 Cr4 Cr7 Cr10 Cr9 Cr
Depreciation17 Cr17 Cr17 Cr17 Cr17 Cr16 Cr15 Cr16 Cr17 Cr19 Cr22 Cr22 Cr
Profit before tax62 Cr44 Cr36 Cr47 Cr52 Cr57 Cr57 Cr99 Cr53 Cr46 Cr90 Cr81 Cr
Tax %29.3%-3.1%24.5%46.9%22.9%31.2%32.0%23.5%33.9%20.5%27.0%31.0%
Net profit44 Cr46 Cr27 Cr25 Cr40 Cr39 Cr39 Cr76 Cr35 Cr36 Cr65 Cr56 Cr
EPS (₹)₹3.72₹3.88₹2.32₹2.10₹3.37₹3.30₹3.26₹6.41₹2.99₹3.08₹5.52₹4.69

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricDec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales593 Cr700 Cr809 Cr881 Cr1,156 Cr1,516 Cr1,685 Cr1,742 Cr1,958 CrSign in free for the trailing twelve months
Operating expenses (approx.)557 Cr643 Cr736 Cr764 Cr995 Cr1,316 Cr1,432 Cr1,485 Cr1,651 CrSign in free for the trailing twelve months
EBITDA35 Cr57 Cr73 Cr117 Cr161 Cr200 Cr252 Cr257 Cr307 CrSign in free for the trailing twelve months
OPM %6.0%8.2%9.0%13.3%13.9%13.2%15.0%14.8%15.7%Sign in free for the trailing twelve months
Other income15 Cr19 Cr15 Cr13 Cr42 Cr10 Cr12 Cr8 Cr54 CrSign in free for the trailing twelve months
Interest1 Cr0.27 Cr2 Cr6 Cr5 Cr5 Cr9 Cr8 Cr14 CrSign in free for the trailing twelve months
Depreciation12 Cr14 Cr15 Cr26 Cr28 Cr35 Cr54 Cr65 Cr66 CrSign in free for the trailing twelve months
Profit before tax38 Cr63 Cr72 Cr97 Cr170 Cr170 Cr200 Cr192 Cr255 CrSign in free for the trailing twelve months
Tax %35.0%18.6%19.2%14.9%16.8%17.9%30.0%31.5%27.0%Sign in free for the trailing twelve months
Net profit24 Cr51 Cr58 Cr82 Cr141 Cr140 Cr140 Cr131 Cr186 CrSign in free for the trailing twelve months
EPS (₹)₹1.98₹4.14₹4.82₹6.87₹11.85₹11.81₹11.84₹11.09₹15.73Sign in free for the trailing twelve months
Dividend payout %———0.0%47.9%55.1%57.4%112.7%38.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricDec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Equity capital12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr
Reserves291 Cr311 Cr326 Cr415 Cr448 Cr534 Cr600 Cr612 Cr780 Cr
Borrowings2 Cr2 Cr5 Cr8 Cr0.65 Cr2 Cr58 Cr8 Cr315 Cr
Other liabilities119 Cr119 Cr149 Cr214 Cr231 Cr286 Cr405 Cr343 Cr563 Cr
Total liabilities424 Cr443 Cr493 Cr649 Cr692 Cr833 Cr1,315 Cr1,216 Cr2,102 Cr
Fixed assets (net)30 Cr31 Cr44 Cr47 Cr58 Cr71 Cr61 Cr44 Cr67 Cr
CWIP0.06 Cr2 Cr2 Cr0.02 Cr0 Cr3 Cr0.16 Cr0 Cr0.13 Cr
Investments25 Cr22 Cr36 Cr15 Cr15 Cr16 Cr2 Cr1 Cr1 Cr
Trade receivables121 Cr137 Cr132 Cr131 Cr178 Cr257 Cr250 Cr257 Cr411 Cr
Cash & bank150 Cr84 Cr110 Cr213 Cr204 Cr206 Cr157 Cr190 Cr308 Cr
Other assets98 Cr168 Cr168 Cr243 Cr237 Cr281 Cr844 Cr723 Cr1,314 Cr
Total assets424 Cr443 Cr493 Cr649 Cr692 Cr833 Cr1,315 Cr1,216 Cr2,102 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricDec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from operating activity37 Cr31 Cr64 Cr124 Cr87 Cr96 Cr211 Cr235 Cr220 Cr
Cash from investing-58 Cr-35 Cr6 Cr-38 Cr21 Cr-21 Cr-223 Cr15 Cr-326 Cr
Cash from financing-0.58 Cr-9 Cr-46 Cr11 Cr-116 Cr-86 Cr-41 Cr-216 Cr209 Cr
Net cash flow-21 Cr-13 Cr24 Cr103 Cr-9 Cr2 Cr-49 Cr33 Cr118 Cr
Free cash flow (OCF − Capex)28 Cr15 Cr45 Cr106 Cr59 Cr60 Cr191 Cr223 Cr176 Cr

Ratios

MetricDec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
ROCE %12.7%19.4%21.4%23.5%38.0%32.0%23.0%22.9%17.5%
ROE %8.1%15.8%17.2%19.3%30.7%25.6%16.4%15.2%15.2%
Debtor days747160545662545476
Inventory days—00000000
Days payable28141191198921
Cash conversion cycle465748454553464555
OCF / EBITDA %105.6%54.4%88.1%106.4%54.3%48.3%83.8%91.6%71.7%
OCF / EBITDA % (3 years)——80.2%88.9%78.7%64.5%64.5%76.6%81.7%
Debt / equity0.00520.00490.020.020.00140.00370.090.010.40
Current ratio2.873.433.153.403.283.181.702.241.90
Net debt / EBITDA-4.19-1.44-1.44-1.75-1.27-1.02-0.39-0.710.02