R Systems International Ltd - Stock Valuation and Financial Performance

BSE: 532735 | NSE: RSYSTEMS | IT - Software | Small Cap

R Systems Intl. Share Price

467.20 -12.05 -2.51%
as on 21-Nov'24 14:33

DeciZen - make an informed investing decision on R Systems Intl.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

R Systems International stock performance -

mw4me loader
P/E Ratio (SA):
38.88
Market Cap:
5,669.7 Cr.
52-wk low:
371.1
52-wk high:
599

Is R Systems International Ltd an attractive stock to invest in?

1. Is R Systems International Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that R Systems International Ltd is a good quality company.

2. Is R Systems International Ltd undervalued or overvalued?

The key valuation ratios of R Systems International Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is R Systems International Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of R Systems International Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of R Systems Intl.:

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.
R Systems International Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
ROCE % 49%58.5%29.2%14.7%15.7%23.1%27.2%39.8%37%48.5%-
Value Creation
Index
2.53.21.10.10.10.71.01.81.62.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 208232263264317392439578814904877
Sales YoY Gr.-11.4%13.5%0.2%20.3%23.5%12%31.6%40.9%11.1%-
Adj EPS 2.92.92.81.52.43.95.69.29.814.312.3
YoY Gr.--0.3%-3.5%-47.3%65.3%61.7%41.2%65.1%7%45.7%-
BVPS (₹) 13.715.717.92021.92328.729.93340.845.2
Adj Net
Profit
36.936.734.418.330.247.366.4108116169146
Cash Flow from Ops. 55.124.932.629.92350.978.957.887.1177-
Debt/CF from Ops. 00.10.10.10.10.10.1000.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.7%23.3%27.3%11.1%
Adj EPS 19.4%42.5%37%45.7%
BVPS12.9%13.3%12.5%23.7%
Share Price 21.3% 56.5% 25% -6.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
Return on
Equity %
20.319.716.47.811.717.421.531.131.238.728.7
Op. Profit
Mgn %
20.219.119.710.712.414.719.618.719.119.918.6
Net Profit
Mgn %
17.715.813.16.99.512.115.118.814.318.716.6
Debt to
Equity
0000000000.1-
Working Cap
Days
239242225171126121120109938856
Cash Conv.
Cycle
4839375661504643414015

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.25%

Net Profit is growing at healthy rate in last 3 years 37.03%

Return on Equity has declined versus last 3 years average to 28.70%

Sales growth is not so good in last 4 quarters at -4.10%

Latest Financials - R Systems International Ltd.

Standalone Consolidated
TTM EPS (₹) 12.3 11.7
TTM Sales (₹ Cr.) 877 1,709
BVPS (₹.) 45.2 54.4
Reserves (₹ Cr.) 523 631
P/BV 10.59 8.82
PE 38.88 41.07
From the Market
52 Week Low / High (₹) 371.05 / 599.00
All Time Low / High (₹) 4.00 / 599.00
Market Cap (₹ Cr.) 5,670
Equity (₹ Cr.) 11.8
Face Value (₹) 1
Industry PE 34.4

Management X-Ray of R Systems Intl.:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of R Systems Intl.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Sales208232263264317392439578814904
Operating Expenses 166188212235278334353470663724
Manufacturing Costs-11-41212898699
Material Costs0000000000
Employee Cost 127138162187211264297397553601
Other Costs 5153373659614866101114
Operating Profit 42445228395886108151180
Operating Profit Margin (%) 20.1%19.0%19.6%10.7%12.4%14.7%19.6%18.6%18.5%19.9%
Other Income 13912149151347771
Interest 1000004448
Depreciation 58777913152024
Exceptional Items 396550000000
Profit Before Tax 891096134416382136134218
Tax 22242011101212202145
Profit After Tax 67854123315170116113173
PAT Margin (%) 32.2%36.7%15.7%8.6%9.8%13.1%15.9%20.0%13.8%19.2%
Adjusted EPS (₹)5.36.73.41.92.54.35.89.89.514.7
Dividend Payout Ratio (%)111%59%0%0%24%35%0%58%68%46%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23

Equity and Liabilities

Shareholders Fund 175198220247269275343354390483
Share Capital 13131212121212121212
Reserves 162186208234257263331342378471
Minority Interest0000000000
Debt11222421157
Long Term Debt1122242112
Short Term Debt00000000055
Trade Payables24171645547711
Others Liabilities 150118115505676106101148233
Total Liabilities 350335353303331359455462547784

Fixed Assets

Gross Block8467738083100138154203209
Accumulated Depreciation494448535866667893116
Net Fixed Assets352425262535737711093
CWIP 0030220030
Investments 74128121117119134115117117373
Inventories0000000000
Trade Receivables6350505762576684118103
Cash Equivalents 9421407448631008683113
Others Assets8311111329766810199116102
Total Assets 350335353303331359455462547784

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Cash Flow From Operating Activity 552533302351795887177
PBT 1011186134416382136134218
Adjustment -44-61-63207-1835-35
Changes in Working Capital 23-3-36-8-35-37-5425
Tax Paid -24-29-21-13-11-9-14-24-28-32
Cash Flow From Investing Activity 393912-35-199-514210-208
Capex -7-6-11-6-11-13-11-19-29-13
Net Investments -92621-36-917-40303413
Others 561916160315-209
Cash Flow From Financing Activity -53-113-19-1-9-46-1-109-78-32
Net Proceeds from Shares 1000000000
Net Proceeds from Borrowing 0000003011
Interest Paid 000000000-2
Dividend Paid -42-9500-7-18-1-68-77-80
Others -12-19-190-2-28-3-41-250
Net Cash Flow 42-4925-6-51426-919-63
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Ratios
ROE (%)36.8545.5119.79.7712.0218.9422.5833.2230.2939.74
ROCE (%)49.0258.529.2414.6715.6723.0927.2439.8137.0248.51
Asset Turnover Ratio0.650.680.770.811.141.081.261.611.36
PAT to CFO Conversion(x)0.820.290.81.30.7411.130.50.771.02
Working Capital Days
Receivable Days106897074685651474545
Inventory Days0000000000
Payable Days0000000000

R Systems International Ltd Stock News

R Systems International Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of R Systems Intl. on 21-Nov-2024 14:33 is ₹467.2.
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 21-Nov-2024 14:33 the market cap of R Systems Intl. stood at ₹5,669.7.
The latest P/E ratio of R Systems Intl. as of 21-Nov-2024 14:33 is 38.88.
The latest P/B ratio of R Systems Intl. as of 21-Nov-2024 14:33 is 10.59.
The 52-week high of R Systems Intl. is ₹599.0 and the 52-week low is ₹371.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of R Systems Intl. is ₹877.2 ( Cr.) .

About R Systems International Ltd

R Systems International was founded by Satinder Singh Rekhi in 1993. It is a software product development and BPO services company. It helps companies bring products and services to market quicker by using its proprietary pSuite execution framework. Customers can choose services specific to their needs from R Systems iPLM suite of services. R Systems rapidly growing list of customers include a variety Fortune 1000, government and mid-sized organizations across a wide range of industry verticals including banking and finance, government, healthcare, high technology and independent software vendors.

R Systems maintains five large Centers for Software Excellence, one center in El Dorado Hills, CA, one center in Singapore and the other three in India (Pune, Chennai and Noida). R Systems also has a significant presence in the ASEAN area with its local headquarters in Singapore and seven regional offices. R Systems has multiple delivery centers spread across US (El Dorado Hills, CA & Salt Lake City, UT), Europe (Enschede, Netherlands & Metz, France), India (Noida, Chennai & Pune) and Singapore. Singapore is also its Center for Supply Chain Management (SCM) excellence.

R Systems three delivery centers in India are ISO 9001:2000 and SEI:CMM level 5 certified. In addition, R Systems Noida unit comprising its software development and BPO Divisions is also certified at PCMM Level 3.

Services offered by the company include:

  • iPLM Services- R Systems understands the need for software product development companies to reduce costs and bring products to market quicker. These companies have partnered with R Systems over the last five years as they work on aggressive time-to-market deadlines. R Systems pSuite framework is designed to provide the right impetus to the efforts of these organizations as they face ever reducing cycle times. The pSuite framework consisting of R Systems best practices, tools and methodologies ensure flawless product delivery. R Systems centers have been SEI CMM level 5 and ISO 9001:2000 certified, ensuring delivery of high quality products that are defect free and on schedule. Read more about iPLM Services
  • Enterprise Application Services- These solutions can be delivered as Complete off The Shelf (COTS) packages or bespoke custom applications developed to meet very specific and often time unique customer requirements. R Systems uses a refined and proven implementation methodology. This involves identifying the solution required by the customer, assembling the right team, and implementing the solution through a structured Define, Design, Develop and Deploy (4D) methodology. R Systems provides long term solutions with post implementation support plans such as RICE
  • BPO services
  • High tech
  • Healthcare
  • Financial services
  • Human resource

R Systems has developed strategic partnerships with the most respected and innovative companies in the technology industry. Through these alliances, R Systems is able to leverage the latest technological advancements and help customers develop unique solutions.

Its strategic alliances are with Microsoft , IBM and Oracle.

Achievements/ recognition:

  • 2011-12
    Won the Rajiv Gandhi National Quality Award - 2011 in the “Large Scale Service Industry” category
    Ranked as fifth "Best IT Employer" in DataQuest - CMR Best Employer Survey 2012
  • R Systems has been ranked fifth in the 'Exciting Emerging Companies to Work For survey 2008' conducted by NASSCOM.
  • R Systems was one of the key sponsors of the 'Best of California-2006' conference. The conference recognizes the efforts and innovations of Government IT professionals.
  • R Systems has been conferred with the “HR Excellence Award” at the “Global HR Summit 2006” organized by Amity International Business School Noida, on 30 and 31 August 2006 reflecting best HR practices amongst over 500 global companies that were surveyed.
  • News India -Times ranks R Systems #3 in Software Services in for 2005 amongst Indian-American Companies – Dec 05, 2005
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