R Systems International Limited (IN:RSYSTEMS)
:RSYSTEMS
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R Systems International Limited
(RSYSTEMS)
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Rating:62Neutral
Price Target:
₹274.00
▼(-32.54% 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
A multi-year revenue expansion with a 2025 re-acceleration indicates durable client demand and successful market penetration. Sustained top-line growth supports higher utilization, scale benefits in delivery, and improved visibility for contract rollovers, reducing short-term revenue risk across the next several quarters.
Negative Factors
Sharp Leverage Increase
A rapid step-up in leverage materially reduces financial flexibility and raises interest expense risk. If cash conversion weakens or growth slows, higher debt limits the company's ability to invest, bid competitively on large deals, or withstand prolonged downturns without costly refinancing or covenant pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A multi-year revenue expansion with a 2025 re-acceleration indicates durable client demand and successful market penetration. Sustained top-line growth supports higher utilization, scale benefits in delivery, and improved visibility for contract rollovers, reducing short-term revenue risk across the next several quarters.
Read all positive factors
R Systems International Limited (RSYSTEMS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹32.48B
Dividend Yield3.06%
Average Volume (3M)3.66K
Price to Earnings (P/E)10.6
Beta (1Y)0.90
Revenue Growth18.27%
EPS Growth49.63%
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)19.07
Revenue Forecast (FY)₹24.63B
R Systems International Limited Business Overview & Revenue Model
Company Description
R Systems International Limited provides information technology and business process outsourcing (BPO) services worldwide. It offers AWS powered, campaign to closure, customer experience analytics, and TOP testing suite solutions. The company also...
How the Company Makes Money
RSYSTEMS primarily makes money by delivering contracted IT services and software engineering work for clients. Revenue is generated through (1) time-and-materials engagements where clients pay for billable effort (e.g., developer/consultant hours)...
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
Negative
406.15
Price Trends
273.08
Positive
314.17
Negative
364.72
Negative
Market Momentum
1.10
Positive
47.00
Neutral
22.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RSYSTEMS, the sentiment is Negative. The current price of 406.15 is above the 20-day moving average (MA) of 280.10, above the 50-day MA of 273.08, and above the 200-day MA of 364.72, indicating a neutral trend. The MACD of 1.10 indicates Positive momentum. The RSI at 47.00 is Neutral, neither overbought nor oversold. The STOCH value of 22.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹50.15B | 9.80 | ― | 1.62% | 7.55% | 7.12% | |
72 Outperform | ₹45.35B | 32.89 | ― | 0.58% | 19.90% | -8.49% | |
68 Neutral | ₹56.98B | 42.91 | ― | 1.26% | 16.66% | -16.99% | |
66 Neutral | ₹34.68B | 14.03 | ― | ― | 14.00% | 94.80% | |
62 Neutral | ₹32.48B | 10.58 | ― | 3.06% | 18.27% | 49.63% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ₹26.11B | 31.16 | ― | 1.83% | 102.06% | 6.87% |
* Technology Sector Average
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R Systems International Limited Corporate Events
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...
R Systems Declares Interim Dividend and Sets Record Date With TDS Guidelines
Mar 8, 2026
R Systems International has announced that its board declared an interim dividend of Rs 6 per equity share of face value Re 1 for the financial year ending December 31, 2026, with a record date of March 12, 2026 and payment to be made on or before...
R Systems Sets Interim Dividend and Details TDS Rules for Shareholders
Mar 7, 2026
R Systems International has declared an interim dividend of Rs 6 per equity share with a face value of Re 1 for the financial year ending December 31, 2026. The record date is March 12, 2026, and the dividend is scheduled to be paid on or before A...
R Systems Backs New Playbook as Mid-Market Firms Race to Scale Agentic AI
Mar 3, 2026
R Systems International Limited has commissioned Everest Group to produce a new report, Agentic AI 2026: A Mid-Market Playbook for Adoption and Scale, based on research among more than 200 global mid-market enterprise leaders. The study underscore...
R Systems Board Clears FY 2025 Audited Results and Debenture Disclosures
Feb 10, 2026
R Systems International Limited announced that its Board of Directors has approved the audited standalone and consolidated financial results for the year ended December 31, 2025, at a meeting held on February 10, 2026. The company also confirmed t...
R Systems board clears FY 2025 audited results and debenture disclosures
Feb 10, 2026
R Systems International Limited reported that its Board of Directors met on 10 February 2026 to review and approve the audited standalone and consolidated financial results for the year ended 31 December 2025. The meeting, which ran just over an h...
R Systems Files Full-Year 2025 Results with Indian Stock Exchanges
Feb 10, 2026
R Systems International Limited has announced that it has released its financial results for the quarter and full year ended December 31, 2025, and has circulated a corresponding earnings press release to the Indian stock exchanges. The disclosure...
R Systems Sets Investor Call to Review FY2025 Financial Results
Feb 8, 2026
R Systems International has scheduled an investor and analyst conference call on 11 February 2026 to discuss its financial results for the quarter and year ended 31 December 2025. The call, accessible via domestic and international dial-in numbers...
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.