R Systems International Limited (IN:RSYSTEMS)
:RSYSTEMS
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R Systems International Limited
(RSYSTEMS)
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Rating:62Neutral
Price Target:
₹272.00
▼(-33.03% Downside)
Action:Reiterated
Date:03/12/26
The score is supported by solid fundamentals with improving 2025 profitability, but is held back by the sharp increase in leverage, weaker cash conversion, and a clearly negative technical trend (below key moving averages with bearish MACD). Valuation is mixed: a strong dividend yield helps, while the P/E limits upside from a value perspective.
Positive Factors
Revenue growth re-acceleration
Sustained multi-year revenue expansion with 2025 re-acceleration indicates durable demand for core IT services and digital engineering. A renewed growth leg supports scale economics, deeper client engagements, and recurring revenue potential that can underpin stable top-line drivers over 2–6 months and beyond.
Negative Factors
Sharp increase in leverage
A rapid rise in debt-to-equity materially reduces financial flexibility versus prior years of conservative leverage. Elevated leverage increases interest and refinancing risk, limits capital allocation freedom, and could constrain the company’s ability to invest through downturns or seize strategic opportunities.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth re-acceleration
Sustained multi-year revenue expansion with 2025 re-acceleration indicates durable demand for core IT services and digital engineering. A renewed growth leg supports scale economics, deeper client engagements, and recurring revenue potential that can underpin stable top-line drivers over 2–6 months and beyond.
Read all positive factors
R Systems International Limited (RSYSTEMS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹31.05B
Dividend Yield3.06%
Average Volume (3M)3.66K
Price to Earnings (P/E)14.8
Beta (1Y)0.86
Revenue Growth18.27%
EPS Growth49.59%
CountryIN
Employees4,191
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)12.75
Shares Outstanding118,486,470
10 Day Avg. Volume3,855
30 Day Avg. Volume3,658
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)6.05
Price to Sales (P/S)2.45
P/FCF Ratio27.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)19.47
Revenue Forecast (FY)₹24.35B
R Systems International Limited Business Overview & Revenue Model
Company Description
Operating globally, R Systems International Limited is a prominent provider of information technology (IT) and business process outsourcing (BPO) services. Its extensive suite of solutions includes AWS-driven services, comprehensive 'campaign to c...
How the Company Makes Money
RSYSTEMS primarily makes money by providing IT services and outsourced engineering to business customers under contract. Revenue is largely generated from (1) time-and-materials and dedicated team engagements, where clients pay based on billed hou...
R Systems International Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
70
Positive
Cash Flow
68
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.58B | 17.42B | 16.85B | 15.16B | 11.56B |
| Gross Profit | 6.71B | 5.51B | 4.40B | 4.12B | 4.16B |
| EBITDA | 3.36B | 2.65B | 2.63B | 2.10B | 2.02B |
| Net Income | 1.86B | 1.31B | 1.40B | 1.40B | 1.41B |
Balance Sheet | |||||
| Total Assets | 21.02B | 12.16B | 13.15B | 8.33B | 6.92B |
| Cash, Cash Equivalents and Short-Term Investments | 4.01B | 1.98B | 1.82B | 2.70B | 2.73B |
| Total Debt | 4.10B | 728.82M | 1.31B | 771.24M | 577.31M |
| Total Liabilities | 8.77B | 3.51B | 4.63B | 2.88B | 2.32B |
| Stockholders Equity | 7.92B | 6.24B | 6.11B | 5.45B | 4.60B |
Cash Flow | |||||
| Free Cash Flow | 1.76B | 2.23B | 1.91B | 604.90M | 592.56M |
| Operating Cash Flow | 2.20B | 2.35B | 2.11B | 963.86M | 873.15M |
| Investing Cash Flow | -3.26B | 147.62M | -2.23B | -213.71M | 211.89M |
| Financing Cash Flow | 2.09B | -2.16B | -409.09M | -864.00M | -1.16B |
R Systems International Limited Technical Analysis
Positive
406.15
Price Trends
270.62
Negative
288.22
Negative
349.74
Negative
Market Momentum
-4.91
Negative
53.34
Neutral
77.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RSYSTEMS, the sentiment is Positive. The current price of 406.15 is above the 20-day moving average (MA) of 260.00, above the 50-day MA of 270.62, and above the 200-day MA of 349.74, indicating a neutral trend. The MACD of -4.91 indicates Negative momentum. The RSI at 53.34 is Neutral, neither overbought nor oversold. The STOCH value of 77.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RSYSTEMS.
R Systems International Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹47.17B | 24.55 | ― | 0.58% | 15.31% | -5.35% | |
73 Outperform | ₹51.52B | 12.55 | ― | 1.62% | 7.55% | 7.12% | |
63 Neutral | ₹53.64B | 25.21 | ― | 1.26% | 12.34% | 14.77% | |
63 Neutral | ₹33.29B | 67.72 | ― | 1.83% | 102.06% | 6.87% | |
62 Neutral | ₹31.05B | 14.83 | ― | 3.06% | 18.27% | 49.59% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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R Systems International Limited Corporate Events
R Systems Promoter Confirms No Pledge on Company Shares in FY26
Jun 10, 2026
BCP Asia II Topco II Pte. Ltd., the promoter of R Systems International Limited, has informed Indian stock exchanges that it did not create any encumbrance, direct or indirect, over its equity shares in the company during the financial year ended ...
R Systems Publishes Q1 FY26 Earnings Call Transcript for Investors
May 13, 2026
R Systems International Limited has released the transcript of its Q1 FY26 earnings conference call, which discussed the company’s financial results for the quarter ended March 31, 2026. The call, held on May 7, 2026 and led by senior manage...
R Systems board addresses stock exchange fines over minor filing delay
May 6, 2026
R Systems International Limited has disclosed that Indian stock exchanges BSE and NSE levied fines of Rs 5,000 each, plus taxes, for a delayed related-party transaction disclosure for the half-year ended December 31, 2025. The company explained th...
R Systems Grants 333,086 RSUs Under 2023 Management Incentive Plan
May 6, 2026
R Systems International Limited has granted 333,086 restricted stock units to selected employees under its 2023 Management Incentive Plan, following approval by the board’s Nomination, Remuneration and Compensation Committee. The equity awar...
R Systems clears March-quarter results, issues OCRPS for Velotio merger and reshapes compliance leadership
May 6, 2026
R Systems International Limited’s board has approved its audited standalone and unaudited consolidated financial results for the quarter ended March 31, 2026, fulfilling key regulatory disclosure requirements for its listed securities and de...
R Systems Makes Velotio and Scaleworx Amalgamation Effective, Alters Capital Structure
May 1, 2026
R Systems International has secured approval from the National Company Law Tribunal in New Delhi for a composite scheme of amalgamation involving Velotio Technologies and Scaleworx Technologies. With all conditions met and filings completed, the s...
R Systems completes amalgamation of Velotio and Scaleworx, reshapes capital structure
May 1, 2026
R Systems International Limited has completed a composite scheme of amalgamation under which Velotio Technologies Private Limited and Scaleworx Technologies Private Limited have been merged into the company, effective May 1, 2026, with an appointe...
R Systems Secures NCLT Nod to Amalgamate Velotio and Scaleworx
Apr 16, 2026
R Systems International Limited has received sanction from the National Company Law Tribunal, New Delhi Bench, for a composite scheme to amalgamate Velotio Technologies Private Limited and Scaleworx Technologies Private Limited into the company. T...
R Systems Files SEBI Depositories Compliance Certificate for March Quarter
Apr 10, 2026
R Systems International Limited has notified the stock exchanges that it has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certific...
R Systems Names Industry Veteran Farooq Ahmad as Chief Revenue Officer
Mar 30, 2026
R Systems International Limited has appointed Farooq Ahmad as Chief Revenue Officer, effective March 30, 2026, placing him within the company’s senior management cadre. Ahmad, a veteran of nearly three decades in the IT services industry wit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.