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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of R Systems International Ltd

About the Company - R Systems International Ltd

R Systems International Ltd. is a Public Limited Listed company incorporated on 14/05/1993 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1993PLC053579 and registration number is 053579. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 577.50 Cr. and Equity Capital is Rs. 11.83 Cr. for the Year ended 31/12/2021.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareGF-1-A, 6, Devika Tower, Nehru Place, New Delhi Delhi 110019investors@rsystems.com
http://www.rsystems.com
Management
NamePosition Held
Dr. Satinder Singh RekhiManaging Director & CEO
Lt. Gen. (Retd.) Baldev SinghPresident & Senior Executive Director
Mr. Avirag JainDirector & CTO
Mr. Aditya WadhwaInd. Non-Executive Director
Mrs. Ruchica GuptaInd. Non-Executive Director
Mr. Kapil DhamejaInd. Non-Executive Director

R Systems International Ltd. Share Price Update

Share PriceValue
Today₹455.10
Previous Day₹455.70

Basic Stock Data of R Systems International Ltd

Market Cap 5,418 Cr.
Current Price 458
High / Low599/241
Stock P/E38.7
Book Value 51.7
Dividend Yield1.49 %
ROCE26.0 %
ROE24.2 %
Face Value 1.00

Data Source: screener.in

Competitors of R Systems International Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
3i Infotech Ltd 899 Cr. 53.263.9/25.9 25.20.00 %2.59 %0.45 % 10.0
Trejhara Solutions Ltd 256 Cr. 177223/47.0 1270.00 %20.3 %22.6 % 10.0
Sasken Technologies Ltd 2,624 Cr. 1,7431,820/77033.4 4991.42 %17.1 %13.8 % 10.0
Tanla Platforms Ltd 13,426 Cr. 9991,318/49325.0 1300.99 %37.9 %31.2 % 1.00
Tera Software Ltd 80.1 Cr. 64.082.5/28.523.1 87.20.00 %%% 10.0
Industry Average250.02 Cr258.8416.3173.680.48%15.58%13.61%8.2

R Systems International Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales224237248274306329343375398400404407457
Expenses189199217237257284302329344342350354375
Operating Profit35383136494542465457545382
OPM %16%16%12%13%16%14%12%12%14%14%13%13%18%
Other Income63525655312540
Interest1111111112223
Depreciation66667888910101017
Profit before tax33332854474137394548484662
Tax %19%12%13%15%19%20%21%19%19%14%25%68%29%
Net Profit27292546383330323741361444
EPS in Rs2.262.452.083.863.142.772.512.693.113.503.031.223.72

R Systems International Ltd Quarterly Chart

R Systems International Ltd Profit & Loss

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Mar 2020Dec 2020Dec 2021Dec 2022TTM
Sales4655966486055885937008098098811,1561,5161,668
Expenses4305185585335185606437367367649951,3161,421
Operating Profit357891737133577373116161200247
OPM %7%13%14%12%12%6%8%9%9%13%14%13%15%
Other Income543470171619151511421012
Interest1111100226558
Depreciation10101114121314151526283547
Profit before tax2972112128763563727296170170204
Tax %36%27%30%23%29%36%19%19%19%15%17%18%
Net Profit18537898542351585882141140136
EPS in Rs1.474.166.137.714.331.824.124.834.866.8411.9611.8111.47
Dividend Payout %159%49%95%51%0%0%14%31%0%0%48%55%

R Systems International Ltd Profit & Loss Yearly Chart

R Systems International Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:19%
3 Years:24%
TTM:11%
Compounded Profit Growth
10 Years:10%
5 Years:22%
3 Years:19%
TTM:0%
Stock Price CAGR
10 Years:22%
5 Years:56%
3 Years:56%
1 Year:82%
Return on Equity
10 Years:23%
5 Years:25%
3 Years:28%
Last Year:24%

R Systems International Ltd Balance Sheet

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Mar 2020Dec 2020Dec 2021Dec 2022Jun 2023
Equity Capital12131313121212121212121212
Reserves182219200230266259311326415448534583
Borrowings11112226235877128
Other Liabilities102114159111103119119148200174210253
Total Liabilities298347373356383392443493650692833976
Fixed Assets6574708080464572111127156145
CWIP110030220031
Investments01241262220341313140
Other Assets231271302235274323377384526552661830
Total Assets298347373356383392443493650692833976

R Systems International Ltd Reserves and Borrowings Chart

R Systems International Ltd Cash Flow

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Mar 2020Dec 2020Dec 2021Dec 2022Dec 2023
Cash from Operating Activity 487245443731641258796211
Cash from Investing Activity 074111-58-318-3219-8-223
Cash from Financing Activity -21-53-113-19-1-9-4610-116-86-41
Net Cash Flow2726-2735-22-926103-92-52

R Systems International Ltd Financial Efficiency Indicators

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Mar 2020Dec 2020Dec 2021Dec 2022
Debtor Days7764706367747160545662
Inventory Days
Days Payable
Cash Conversion Cycle7764706367747160545662
Working Capital Days2524-02232265538404447
ROCE %15%34%40%30%27%13%21%22%26%36%31%

R Systems International Ltd Financial Efficiency Indicators Chart

R Systems International Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters51.58%51.58%51.58%51.67%51.67%51.67%51.67%51.67%51.67%51.93%51.93%51.93%
FIIs0.00%0.00%0.65%0.81%0.51%0.42%0.42%0.40%0.25%0.17%0.19%0.25%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.71%0.69%0.78%
Public48.42%48.42%47.77%47.51%47.82%47.91%47.91%47.93%48.08%47.22%47.20%47.06%
No. of Shareholders12,33515,01522,71928,69134,95036,09235,20029,95430,09727,86328,58429,341

R Systems International Ltd Shareholding Pattern Chart

No. of R Systems International Ltd Shareholders

This stock is not held by any mutual fund

R Systems International Ltd ROCE Trend

R Systems International Ltd EPS Trend

R Systems International Ltd Key Financial Ratios

MonthDec 22Dec 21Dec 20Dec 19Dec 18
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)11.8111.856.874.824.14
Diluted EPS (Rs.)11.8111.856.874.824.14
Cash EPS (Rs.)14.7614.309.016.105.24
Book Value[Excl.RevalReserv]/Share (Rs.)46.1138.9135.6728.2826.20
Book Value[Incl.RevalReserv]/Share (Rs.)46.1138.9135.6728.2826.20
Revenue From Operations / Share (Rs.)128.1297.6873.6367.6756.79
PBDIT / Share (Rs.)17.7517.1310.857.396.21
PBIT / Share (Rs.)14.8014.798.716.155.11
PBT / Share (Rs.)14.3814.388.086.015.09
Net Profit / Share (Rs.)11.8111.956.874.864.14
NP After MI And SOA / Share (Rs.)11.8111.956.874.864.14
PBDIT Margin (%)13.8517.5314.7310.9210.92
PBIT Margin (%)11.5415.1411.829.088.99
PBT Margin (%)11.2214.7110.978.888.95
Net Profit Margin (%)9.2112.239.337.187.29
NP After MI And SOA Margin (%)9.2112.239.337.187.29
Return on Networth / Equity (%)25.6030.7219.2617.1815.80
Return on Capital Employeed (%)27.5633.0920.8419.9118.74
Return On Assets (%)16.7620.4212.6511.7911.51
Long Term Debt / Equity (X)0.000.000.010.010.00
Total Debt / Equity (X)0.000.000.010.010.00
Asset Turnover Ratio (%)1.301.030.910.970.87
Current Ratio (X)3.183.283.403.153.43
Quick Ratio (X)3.183.283.403.153.43
Dividend Payout Ratio (NP) (%)55.050.000.0037.2416.74
Dividend Payout Ratio (CP) (%)44.020.000.0029.6513.23
Earning Retention Ratio (%)44.950.000.0062.7683.26
Cash Earning Retention Ratio (%)55.980.000.0070.3586.77
Interest Coverage Ratio (X)42.8841.2622.9056.48288.66
Interest Coverage Ratio (Post Tax) (X)29.5229.7915.8338.14193.62
Enterprise Value (Cr.)2774.233611.841202.25695.59470.76
EV / Net Operating Revenue (X)1.833.131.370.850.67
EV / EBITDA (X)13.2117.829.277.876.15
MarketCap / Net Operating Revenue (X)1.983.321.641.030.86
Retention Ratios (%)44.940.000.0062.7583.25
Price / BV (X)5.508.343.392.481.87
Price / Net Operating Revenue (X)1.983.321.641.030.86
EarningsYield0.040.030.050.060.08

R Systems International Ltd Profitability Ratios (%)

R Systems International Ltd Liquidity Ratios

R Systems International Ltd Liquidity Ratios (%)

R Systems International Ltd Interest Coverage Ratios (X)

R Systems International Ltd Valuation Ratios

Fair Value / Intrinsic Value of R Systems International Ltd

Fair Value: ₹491.41

The stock is undervalued by 7.29% compared to the current price ₹458

*Investments are subject to market risks

Strength and Weakness of R Systems International Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 24.58%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 29.42, which is a positive sign.
  3. The company has higher reserves (305.62 cr) compared to borrowings (23.23 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (515.15 cr) and profit (99.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 9.91 and average Dividend Yield of 11.31%.
  2. The stock has a high average Cash Conversion Cycle of 59.83, which may not be favorable.

Should I Buy R Systems International Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in R Systems International Ltd:
    1. Net Profit Margin: 9.21%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 27.56% (Industry Average ROCE: 16.9%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 29.52
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 3.18
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 38.7 (Industry average Stock P/E: 21.16)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.00
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in R Systems International Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE