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R Systems International

NSEI:RSYSTEMINT
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RSYSTEMINT
NSEI
₹8B
Market Cap
  1. Home
  2. IN
  3. Software
Company description

R Systems International Limited provides information technology (IT) solutions and business process outsourcing (BPO) services worldwide. The last earnings update was 5 days ago. More info.


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RSYSTEMINT Share Price and Events
7 Day Returns
-0.7%
NSEI:RSYSTEMINT
-1.4%
IN IT
-2.4%
IN Market
1 Year Returns
28.9%
NSEI:RSYSTEMINT
27.8%
IN IT
-9%
IN Market
RSYSTEMINT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
R Systems International (RSYSTEMINT) -0.7% -3.9% 4.2% 28.9% -16.9% -25.6%
IN IT -1.4% 5.9% 8.3% 27.8% 51% 65.3%
IN Market -2.4% -4.1% -4% -9% 41.6% 79.8%
1 Year Return vs Industry and Market
  • RSYSTEMINT outperformed the IT industry which returned 27.8% over the past year.
  • RSYSTEMINT outperformed the Market in India which returned -9% over the past year.
Price Volatility
RSYSTEMINT
Industry
5yr Volatility vs Market

Value

 Is R Systems International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of R Systems International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for R Systems International.

NSEI:RSYSTEMINT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:RSYSTEMINT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
IT Unlevered Beta Simply Wall St/ S&P Global 0.42
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.424 (1 + (1- 35%) (0.21%))
0.425
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for NSEI:RSYSTEMINT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for R Systems International is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:RSYSTEMINT DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 282.87 282.53 282.19 281.86 281.52
Source Est @ -0.12% Est @ -0.12% Est @ -0.12% Est @ -0.12% Est @ -0.12%
Present Value
Discounted (@ 13.51%)
249.20 219.28 192.95 169.78 149.40
Present value of next 5 years cash flows ₹980.61
NSEI:RSYSTEMINT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹281.52 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹5,080.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹5,080.14 ÷ (1 + 13.51%)5
₹2,695.91
NSEI:RSYSTEMINT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹980.61 + ₹2,695.91
₹3,676.52
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹3,676.52 / 153.74
₹24.06
NSEI:RSYSTEMINT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:RSYSTEMINT represents 1.00604x of BSE:532735
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00604x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 23.91 x 1.00604
₹24.06
Value per share (INR) From above. ₹24.06
Current discount Discount to share price of ₹50.00
= -1 x (₹50.00 - ₹24.06) / ₹24.06
-107.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of R Systems International is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for R Systems International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are R Systems International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:RSYSTEMINT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹4.14
BSE:532735 Share Price ** BSE (2019-02-15) in INR ₹49.7
India IT Industry PE Ratio Median Figure of 82 Publicly-Listed IT Companies 15.61x
India Market PE Ratio Median Figure of 2,718 Publicly-Listed Companies 15.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of R Systems International.

NSEI:RSYSTEMINT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532735 Share Price ÷ EPS (both in INR)

= 49.7 ÷ 4.14

12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • R Systems International is good value based on earnings compared to the IN IT industry average.
  • R Systems International is good value based on earnings compared to the India market.
Price based on expected Growth
Does R Systems International's expected growth come at a high price?
Raw Data
NSEI:RSYSTEMINT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.3%per year
India IT Industry PEG Ratio Median Figure of 22 Publicly-Listed IT Companies 1.23x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.1x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for R Systems International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on R Systems International's assets?
Raw Data
NSEI:RSYSTEMINT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹26.21
BSE:532735 Share Price * BSE (2019-02-15) in INR ₹49.7
India IT Industry PB Ratio Median Figure of 106 Publicly-Listed IT Companies 1.24x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
NSEI:RSYSTEMINT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532735 Share Price ÷ Book Value per Share (both in INR)

= 49.7 ÷ 26.21

1.9x

* Primary Listing of R Systems International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • R Systems International is overvalued based on assets compared to the IN IT industry average.
X
Value checks
We assess R Systems International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. R Systems International has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is R Systems International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover R Systems International, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is R Systems International expected to grow at an attractive rate?
  • R Systems International's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • R Systems International's earnings growth is positive but not above the India market average.
  • Unable to compare R Systems International's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:RSYSTEMINT Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:RSYSTEMINT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.3%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 10.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:RSYSTEMINT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:RSYSTEMINT Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 6,999 510
2018-09-30 6,630 342
2018-06-30 6,215 275
2018-03-31 6,005 236
2017-12-31 5,926 374 245
2017-09-30 5,905 350
2017-06-30 5,897 393
2017-03-31 5,907 513
2016-12-31 5,882 436 537
2016-09-30 5,806 584
2016-06-30 5,795 996
2016-03-31 5,961 973

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • R Systems International's earnings are expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if R Systems International is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:RSYSTEMINT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from R Systems International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:RSYSTEMINT Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 4.14
2018-09-30 2.76
2018-06-30 2.21
2018-03-31 1.90
2017-12-31 1.98
2017-09-30 2.81
2017-06-30 3.14
2017-03-31 4.07
2016-12-31 4.24
2016-09-30 4.60
2016-06-30 7.87
2016-03-31 7.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if R Systems International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess R Systems International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
R Systems International has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has R Systems International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare R Systems International's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • R Systems International's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • R Systems International's 1-year earnings growth exceeds its 5-year average (108.5% vs -15.7%)
  • R Systems International's earnings growth has exceeded the IN IT industry average in the past year (108.5% vs 17.6%).
Earnings and Revenue History
R Systems International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from R Systems International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:RSYSTEMINT Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,998.89 510.45
2018-09-30 6,629.58 342.42 1,309.50
2018-06-30 6,214.54 274.78 1,309.50
2018-03-31 6,005.41 236.40 1,309.50
2017-12-31 5,926.36 244.81 1,309.50
2017-09-30 5,905.15 349.53 1,313.78
2017-06-30 5,897.37 392.91 1,353.35
2017-03-31 5,906.66 513.15 1,246.90
2016-12-31 5,882.37 536.88 1,287.77
2016-09-30 5,806.20 583.81 1,463.28
2016-06-30 5,795.15 996.09 1,691.10
2016-03-31 5,961.15 972.68 1,069.25
2015-12-31 6,050.32 978.30 1,580.70
2015-09-30 6,222.96 1,061.73 1,382.95
2015-06-30 6,478.01 723.87 1,445.65
2015-03-31 6,430.16 719.69 1,158.90
2014-12-31 6,484.96 781.34 1,533.47
2014-09-30 6,509.99 682.71 1,376.63
2014-06-30 6,429.07 681.15 1,344.48
2014-03-31 6,274.57 618.66 1,331.14
2013-12-31 5,960.54 526.99 1,306.59
2013-09-30 5,521.06 338.34 1,221.85
2013-06-30 5,061.98 204.06 1,122.98
2013-03-31 4,802.12 181.41 1,044.15
2012-12-31 4,650.09 183.62 964.81
2012-09-30 4,560.86 208.95 935.29
2012-06-30 4,539.63 208.82 951.49
2012-03-31 4,320.26 205.19 928.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • R Systems International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • R Systems International used its assets more efficiently than the IN IT industry average last year based on Return on Assets.
  • R Systems International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess R Systems International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
R Systems International has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is R Systems International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up R Systems International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • R Systems International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • R Systems International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of R Systems International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 232.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from R Systems International Company Filings, last reported 1 month ago.

NSEI:RSYSTEMINT Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,229.03 15.91 2,177.69
2018-09-30 3,018.00 14.83 2,071.05
2018-06-30 2,809.45 14.78 1,837.47
2018-03-31 2,776.66 15.03 1,922.13
2017-12-31 3,033.13 20.35 1,636.23
2017-09-30 2,972.96 16.62 1,544.09
2017-06-30 2,868.42 17.27 1,381.92
2017-03-31 2,782.83 18.00 1,297.16
2016-12-31 2,779.73 24.32 1,230.82
2016-09-30 2,814.26 7.67 1,255.04
2016-06-30
2016-03-31 2,546.77 8.37 1,036.43
2015-12-31 2,428.56 18.09 969.48
2015-09-30 2,202.01 8.84 973.67
2015-06-30 1,713.28 5.08 1,097.94
2015-03-31 2,061.45 5.67 1,013.62
2014-12-31 2,131.05 9.29 1,381.83
2014-09-30 2,372.98 5.62 1,099.29
2014-06-30 2,373.92 7.18 925.01
2014-03-31 2,434.01 7.24 1,147.65
2013-12-31 2,317.61 14.88 1,024.54
2013-09-30 2,240.10 9.36 820.40
2013-06-30 2,091.12 9.40 736.21
2013-03-31 1,958.38 9.30 790.35
2012-12-31 1,946.00 6.95 814.56
2012-09-30 1,905.88 3.35 650.49
2012-06-30 1,905.88 3.35 650.49
2012-03-31 2,045.79 6.47 995.51
  • R Systems International's level of debt (0.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0.6% vs 0.5% today).
  • Debt is well covered by operating cash flow (2352.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 164.9x coverage).
X
Financial health checks
We assess R Systems International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. R Systems International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is R Systems International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.41%
Current annual income from R Systems International dividends.
If you bought ₹2,000 of R Systems International shares you are expected to receive ₹48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • R Systems International's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • R Systems International's dividend is above the markets top 25% of dividend payers in India (2.1%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:RSYSTEMINT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India IT Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 1.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:RSYSTEMINT Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-10-30 1.200 2.455
2018-07-27 1.200 3.097
2018-05-04 1.200 3.863
2018-02-09 0.000 0.000
2017-11-02 0.000 0.000
2017-08-03 0.000 0.000
2017-05-04 0.000 0.000
2017-04-19 0.000 0.000
2017-02-13 0.000 0.000
2017-02-10 0.000 0.000
2016-10-26 0.000 0.000
2016-05-02 0.000 0.000
2016-02-08 0.000 0.000
2015-05-18 3.300 4.771
2015-02-09 3.300 4.299
2014-07-28 2.000 3.190
2014-06-04 3.800 7.923
2014-04-16 2.050 4.696
2014-02-07 2.050 4.427
2013-07-29 0.500 1.596
2013-02-11 0.750 3.327
2012-05-04 0.360 2.055
2011-04-15 0.240 1.994
2011-02-21 0.240 1.899
2010-03-02 0.240 2.214
2010-02-22 0.240 2.473
2009-03-02 0.240 3.100
2009-02-19 0.240 4.991

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of R Systems International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as R Systems International has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess R Systems International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can R Systems International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. R Systems International has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of R Systems International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Satinder Rekhi
COMPENSATION ₹33,838,497
AGE 67
TENURE AS CEO 7.8 years
CEO Bio

Mr. Satinder Singh Rekhi serves as Executive Director of Corporate at ECnet Ltd. Mr. Rekhi is the Founder of Indus Software Pvt. Ltd. in 1993 and serves as its Chairman and Chief Executive Officer. Mr. Rekhi has been Managing Director of R Systems International Ltd. since May 25, 2011 and served as its Chief Executive Officer until October 2007. He founded R Systems in 1993. He has over 25 years experience. He is considered by many as a pioneer in the information technology industry. Prior to R Systems, he held senior management positions with HCL Technologies and DISC (now, Synergex) in the United States, Singapore and India. He served as a Senior Management personnel of Digital Information Systems Corporation. He served as the Chairman of R Systems International Ltd. since May 25, 2011. He serves as the Chairman of Computaris International Limited. He serves as a Director at R Systems International Ltd., R Systems, Inc., R Systems (Singapore) Pte Ltd., Indus Software, Inc. and R Systems Solution, Inc. (formerly, Web Converse, Inc.). Mr. Rekhi received a Bachelor of Technology from IIT, Kharagpur, India and a Masters in Business Administration from California State University, Sacramento. Mr. Rekhi has attended several senior management programs from University of Berkeley and Harvard Business School.

CEO Compensation
  • Satinder's compensation has been consistent with company performance over the past year.
  • Satinder's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the R Systems International management team in years:

7.1
Average Tenure
55.5
Average Age
  • The average tenure for the R Systems International management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Satinder Rekhi

TITLE
Founder
COMPENSATION
₹34M
AGE
67
TENURE
7.8 yrs

Baldev Singh

TITLE
President & Senior Executive Director
COMPENSATION
₹7M
AGE
78
TENURE
6.8 yrs

Nand Sardana

TITLE
Chief Financial Officer
COMPENSATION
₹7M
AGE
52
TENURE
7.4 yrs

Avirag Jain

TITLE
CTO & Executive Director
COMPENSATION
₹3M
AGE
52
TENURE
1.5 yrs

Mandeep Sodhi

TITLE
Vice President of Sales
AGE
51

Harsh Verma

TITLE
VP of Global Innovative Research & Head of Mobility Solutions
AGE
58

Khosrow Hassibi

TITLE
Chief Data Scientist
AGE
56

Ashok Bhatia

TITLE
Vice President of Client Operations
AGE
73

Jefferey Johnstone

TITLE
Director of Client Services
AGE
55

Damian Clinton

TITLE
Senior Sales Director
AGE
54
Board of Directors Tenure

Average tenure and age of the R Systems International board of directors in years:

2.7
Average Tenure
67
Average Age
  • The average tenure for the R Systems International board of directors is less than 3 years, this suggests a new board.
Board of Directors

Satinder Rekhi

TITLE
Founder
COMPENSATION
₹34M
AGE
67

Baldev Singh

TITLE
President & Senior Executive Director
COMPENSATION
₹7M
AGE
78
TENURE
21.4 yrs

Avirag Jain

TITLE
CTO & Executive Director
COMPENSATION
₹3M
AGE
52
TENURE
1.5 yrs

Ruchica Gupta

TITLE
Non-Executive Independent Director
COMPENSATION
₹275K
TENURE
4.6 yrs

Kapil Dhameja

TITLE
Non-Executive Independent Director
COMPENSATION
₹300K
TENURE
2.7 yrs

Aditya Wadhwa

TITLE
Non-Executive Independent Director
COMPENSATION
₹250K
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
21. Aug 18 Buy Satinder Rekhi Individual 17. Aug 18 17. Aug 18 68,720 ₹37.15 ₹2,552,802
17. Aug 18 Buy Satinder Rekhi Individual 14. Aug 18 16. Aug 18 26,623 ₹37.10 ₹987,809
14. Aug 18 Buy Satinder Rekhi Individual 10. Aug 18 13. Aug 18 60,280 ₹37.14 ₹2,238,803
10. Aug 18 Buy Satinder Rekhi Individual 08. Aug 18 09. Aug 18 36,082 ₹37.15 ₹1,340,297
08. Aug 18 Buy Satinder Rekhi Individual 06. Aug 18 07. Aug 18 34,392 ₹37.05 ₹1,274,055
03. Aug 18 Buy Satinder Rekhi Individual 01. Aug 18 02. Aug 18 132,699 ₹35.27 ₹4,680,505
X
Management checks
We assess R Systems International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. R Systems International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does R Systems International Limited's (NSE:RSYSTEMINT) CEO Salary Reflect Performance?

Satinder Rekhi has been the CEO of R Systems International Limited (NSE:RSYSTEMINT) since 2011. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Satinder Rekhi's Compensation Compare With Similar Sized Companies?

Simply Wall St -

A Note On R Systems International Limited's (NSE:RSYSTEMINT) ROE and Debt To Equity

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows R Systems International has a return on equity of 11% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why You Should Care About R Systems International Limited’s (NSE:RSYSTEMINT) Low Return On Capital

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Are Insiders Buying R Systems International Limited (NSE:RSYSTEMINT) Stock?

So we'll take a look at whether insiders have been buying or selling shares in R Systems International Limited (NSE:RSYSTEMINT). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At R Systems International.

Simply Wall St -

Don't Sell R Systems International Limited (NSE:RSYSTEMINT) Before You Read This

We'll look at R Systems International Limited's (NSE:RSYSTEMINT) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, R Systems International's P/E ratio is 17.31. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is R Systems International Limited (NSE:RSYSTEMINT) Overpaying Its CEO?

At the time of writing our data says that R Systems International Limited has a market cap of ₹4.6b, and is paying total annual CEO compensation of ₹34m. … We examined a group of similar sized companies, with market capitalizations of below ₹14.7b. … It would therefore appear that R Systems International Limited pays Satinder Rekhi more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

R Systems International Limited (NSE:RSYSTEMINT): A Look At Return On Capital

and want a simplistic look at the return on R Systems International Limited (NSE:RSYSTEMINT) stock. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in R Systems International, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Who Are The Top Investors In R Systems International Limited (NSE:RSYSTEMINT)?

In this article, I will take a quick look at R Systems International Limited’s (NSE:RSYSTEMINT) recent ownership structure – an unconventional investing subject, but an important one. … Ownership structure of a company has been found to affect share performance over time. … Check out our latest analysis for R Systems International

Simply Wall St -

How Much Did R Systems International Limited's (NSE:RSYSTEMINT) CEO Pocket Last Year?

Leading R Systems International Limited (NSE:RSYSTEMINT) as the CEO, Satinder Rekhi took the company to a valuation of ₹3.50b. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … View out our latest analysis for R Systems International

Simply Wall St -

Will R Systems International Limited (NSE:RSYSTEMINT) Continue To Underperform Its Industry?

and want to begin learning the link between R Systems International Limited (NSE:RSYSTEMINT)’s return fundamentals and stock market performance. … R Systems International Limited’s (NSE:RSYSTEMINT) most recent return on equity was a substandard 8.51% relative to its industry performance of 12.96% over the past year. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into RSYSTEMINT's past performance.

Simply Wall St -

Company Info

Map
Description

R Systems International Limited provides information technology (IT) solutions and business process outsourcing (BPO) services worldwide. The company offers Computaris Convergent Charging solution to converge real-time rating, charging, and billing; mobile broadband management solutions; Computaris mobile virtual network operator (MVNO) in a White Box solution for MVNOs business exigencies; and value added services, as well as product development and maintenance, system integration, technical support and managed, BPO, and testing services to the telecom and digital media industries. It also provides services in area of card less/NFC based transactions; mobile/tablet applications; product customization/maintenance/support; ATM management; third-party and customer relationship management integration; ATM on cloud; deposit automation; and passbook printing solutions to financial institutes and software companies. In addition, the company offers OPD-integrated product lifecycle management services, domain consultancy, enterprise application integration, independent testing, implementation, offshore product development, software re-engineering, requirement engineering and GAP analysis, application development and maintenance, third-party interface/integration, support, and staff augmentation services for the banking and finance services sector. Further, it provides IT and BPO services to the healthcare industry; and ECnet Pro trading platform, a supply chain management and business-to-business platform to collaborate and complete purchase related processes and transactions to the manufacturing and logistics industries. Additionally, the company offers manufacturing and logistics software development services. The company was founded in 1993 and is headquartered in Noida, India.

Details
Name: R Systems International Limited
RSYSTEMINT
Exchange: NSEI
Founded: 1993
₹7,717,586,255
153,736,778
Website: http://www.rsystems.com
Address: R Systems International Limited
C-40,
Sector 59,
Noida,
Uttar Pradesh, 201307,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532735 Equity Shares Mumbai Stock Exchange IN INR 26. Apr 2006
NSEI RSYSTEMINT Equity Shares National Stock Exchange of India IN INR 26. Apr 2006
Number of employees
Current staff
Staff numbers
2,753
R Systems International employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 12:53
End of day share price update: 2019/02/15 00:00
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.