R Systems International Share Price Today and Targets for 2026 to 2030

R Systems International share price today

Most people searching for the R Systems International share price arrive after seeing the same two numbers side by side: a stock trading at roughly 15 times earnings while paying out a dividend yield close to 5%, and a chart that sits nearly half below its 52-week high. Those two facts do not usually belong to the same company, which is why this one is worth working through carefully rather than quickly.

At the 10 September 2026 close, Yahoo Finance showed a price of ₹241.20, a market capitalisation of about ₹2,860 crore and trailing EPS of ₹15.56. That is about 15.5 times trailing earnings and 2.6 times book value of ₹92.69 per share. The 52-week range runs from ₹220.16 to ₹462.65, so the stock is roughly 48% below its 52-week high and only about a tenth above its 52-week low. The quote above moves after publication; every ratio and scenario input below stays fixed to that stated cut-off.

The tension in the business shows up immediately in the growth figures. Yahoo’s latest year-on-year comparison puts revenue growth at 30.5% and earnings growth at −26.6%. Sales are expanding quickly. Profit is not. Everything that follows is an attempt to work out whether that gap is the temporary cost of buying scale or the permanent cost of competing in a crowded services market.

Before going further, one limitation should be stated plainly, because it shapes what this article can and cannot say. No Screener financial statement tables were captured for this company in the 10 September pass. The multi-year revenue and profit rows below come from Yahoo Finance’s annual data, and the five-year growth rates and five-year ROCE come from a separate Screener-derived reading dated 5 August 2026. There are no quarterly profit or margin figures on record here, so none are stated, estimated or implied.

What R Systems International actually does

R Systems International was incorporated in 1993 and is based in Greater Noida. It describes itself as a digital product engineering company that designs and builds chip-to-cloud software products and platforms, with operations across Europe, the United States and other international markets. Alongside product engineering it runs an information technology and business process outsourcing practice. Yahoo Finance records 5,359 employees.

Service line	What it covers	Customer problem solved	Economic characteristic
Digital product engineering	Cloud and DevOps, data and AI, quality engineering, mobile experience design	Building and shipping a software product	People-led, closest to the client’s roadmap
Modernisation	Legacy system and cloud modernisation, hyper-automation, managed services	Moving old estates onto current platforms	Project-shaped, can convert into managed revenue
Cloud and DevOps	Cloud migration, DevSecOps, CloudOps, FinOps, IoT, disaster-recovery models	Running infrastructure reliably and affordably	Recurring where managed services take over
Data and AI	Data strategy, stack modernisation, generative AI, BI, MLOps, agentic AI	Turning data into decisions and products	The fastest-moving demand pool, also the most contested
Embedded and silicon	Low-level embedded development, system software, middleware, pre- and post-silicon verification	Making hardware work	Specialised, stickier, harder to staff
Enterprise packaged software and iPaaS	Advisory, implementation, customisation, migration, integration, support	Deploying and connecting bought software	Long-tail annuity revenue

Two things are worth noting about that list. The first is genuine breadth: an embedded-firmware and silicon-verification practice sitting next to a generative AI and agentic-AI practice is unusual for a company of this size, and it means R Systems is not selling a single service into a single budget line. The second is that breadth is not the same as differentiation. Almost every line item on that table is also offered by companies ten and fifty times its size. Scale matters in services procurement, and this is a ₹2,860 crore company bidding in a market where the reference points are far larger.

Revenue is compounding faster than profit

The annual record that Yahoo Finance carries is short but instructive. Rows are labelled by the calendar year in which the financial year ended. Revenue for the year ended 2023 was not captured, so that cell is left blank rather than filled in.

Year ended	Revenue	Net profit	Reading
2015	₹610 Cr	₹98 Cr	The starting point a decade earlier
2023	Not captured	₹140 Cr	Profit peak before the recent expansion
2024	₹1,742 Cr	₹131 Cr	Revenue scaling, profit slipping
2025	₹1,958 Cr	₹186 Cr	Both lines improving together
Trailing twelve months	₹2,243 Cr	About ₹184 Cr implied	EPS of ₹15.56 across 11.85 crore shares

Revenue has grown from ₹610 crore to ₹2,243 crore over the period on record. Profit over the same span went from ₹98 crore to roughly ₹184 crore on a trailing basis. Revenue has therefore multiplied faster than earnings, and the recent sequence — ₹140 crore, ₹131 crore, ₹186 crore, then a trailing figure that has gone sideways or slightly down — is the arithmetic behind that −26.6% year-on-year earnings comparison.

The 5 August 2026 reading puts the five-year sales CAGR at 17.33% and the five-year profit CAGR at 15.75%. Those two rates are close together, which argues that the profit wobble is recent rather than structural. But a five-year average smooths over exactly the kind of year the company appears to be having now, and averages are not forecasts. A reader who wants the underlying method for turning growth rates into a valuation can work through how to value a stock before accepting any of the scenarios later in this piece.

The quarterly revenue trail

Four consecutive quarters of revenue are on record. No profit, margin or EPS figures were captured for these quarters, so this section is deliberately limited to the top line.

Quarter	Revenue	Change on the prior quarter
3Q 2025	₹499 Cr	—
4Q 2025	₹555 Cr	Up 11.2%
1Q 2026	₹575 Cr	Up 3.6%
2Q 2026	₹602 Cr	Up 4.7%

Those four quarters sum to ₹2,231 crore, close to the ₹2,243 crore trailing revenue figure Yahoo reports, which suggests the series is internally consistent. The sequential pattern is steady rather than dramatic: a strong fourth quarter of 2025 followed by two quarters of mid-single-digit sequential growth. Compounded, that is a healthy rate for an IT services business. What cannot be answered from this data is the more important question — whether that revenue is arriving at the same margin as before. Until quarterly profit is on record, the honest position is that the revenue line is confirmed and the earnings line is not.

Ownership: one holder controls three-quarters of the company

Promoters hold 73.59% of R Systems International, with zero pledged shares. Yahoo Finance records the company as a subsidiary of BCP Asia II Topco II Pte. Ltd. — a holding vehicle rather than a founding family or an operating parent. (The Pte. Ltd. suffix indicates Singapore incorporation; the jurisdiction is not itself part of the recorded data.)

That ownership structure cuts both ways, and the direction depends entirely on the holder’s intentions, which are not disclosed in any figure available here. A concentrated professional owner usually means clear capital-allocation discipline, a willingness to return cash, and decisions made on returns rather than sentiment — and the dividend policy discussed below is consistent with that. It also means the free float is small for a company of this size, that minority shareholders have limited influence over strategy, and that any future decision by the holder to reduce its stake would arrive as supply into a thin market. None of that is a prediction. It is simply the risk profile that a 73.59% holding creates.

The balance sheet and what it returns

Balance-sheet and returns measure	10 September 2026 reading	Why it matters
Total debt	₹369 Cr	Modest in absolute terms
Total cash	₹334 Cr	Nearly offsets the borrowings
Net debt	About ₹35 Cr	The company is close to debt-neutral
Debt to equity	28.6%	Leverage is present but not constraining
EBITDA	₹383 Cr	On revenue of ₹2,243 Cr
Operating margin, Yahoo basis	14.92%	Measured after more cost lines
Operating profit margin, 5 August reading	17.04%	A different basis, so the two are not directly comparable
Net profit margin	8.59%	Thin, and the number to watch
ROE	24.44%	Strong for a services business at 2.6× book
ROCE	19.48%	Current-year return on all capital employed
Five-year average ROCE	26.64%	Historically higher than today’s rate

The return ratios are the strongest part of this profile. An ROE of 24.44% against a price-to-book of 2.6 is an unusual combination, and it is the main reason the earnings multiple looks low rather than merely cheap. Readers who want the mechanics of that ratio, and its failure modes, can work through the guide to return on equity.

The detail that deserves attention is the gap between the current ROCE of 19.48% and the five-year average of 26.64%. Returns on capital have come down materially from their own recent history. That is consistent with the profit picture: the company has added revenue and capital faster than it has added earnings. Whether that reverses is the single most important open question in the business, and it will show up in ROCE long before it shows up in the price.

The dividend is doing a lot of the work

At ₹241.20 and a dividend yield of 4.88%, the implied annual payout is roughly ₹11.77 per share. Against trailing EPS of ₹15.56, that is close to three-quarters of earnings distributed rather than reinvested. For an IT services company, that is a very high payout ratio.

This is the clearest signal the numbers give about how the business is being run. A company distributing three-quarters of its profit is not one that believes it has an enormous reinvestment opportunity in front of it, and it is not one whose owner is being patient in exchange for compounding. It is being run for cash. For an income-oriented reader that is the attraction; for a growth-oriented reader it is the constraint, because earnings retained at a 19.48% ROCE compound faster than the same money paid out. The trade-off is not hidden, but it should be chosen deliberately rather than stumbled into. The broader landscape of high-yield Indian equities is covered in the guide to high-paying dividend stocks in India.

One caution applies to every high trailing yield: the percentage is calculated on a price that has fallen roughly 48% from its 52-week high, and on a payout that sits at a demanding fraction of earnings. If earnings do not recover, either the payout ratio rises further or the dividend adjusts. A yield is a description of the past twelve months, not a promise about the next twelve.

Valuation at the 10 September 2026 close

Valuation measure	Reading	Interpretation
Closing price	₹241.20	Fixed research input, not a live figure
Market capitalisation	₹2,860 Cr	Micro-cap; liquidity and index exclusion matter
Trailing EPS	₹15.56	Yahoo Finance trailing basis
P/E, recalculated	15.50×	Price divided by trailing EPS
P/E, as reported	15.51×	The two agree
Book value per share	₹92.69	Implies price-to-book of 2.6×
PEG	0.97	Multiple roughly in line with the historic growth rate
EV / EBITDA	8.07×	Low for a services business with a 24% ROE
Dividend yield	4.88%	Materially above the sector norm
Distance from 52-week high	−47.87%	The de-rating has already happened

Fifteen times earnings for a business earning 24% on equity, generating ₹383 crore of EBITDA and carrying almost no net debt is not an expensive-looking set of numbers. The market is not pricing this as a growth compounder. It is pricing it closer to a cash-generative services business with an earnings problem — which, on the evidence above, is a defensible reading rather than an obviously wrong one. The valuation question is therefore narrower than usual: not whether the multiple is high, but whether the E in the P/E is the right starting point. A refresher on that arithmetic is in the P/E ratio guide.

Two peers in the same broad space are useful as calibration, both larger and both priced on different assumptions: Coforge and Persistent Systems. The engineering-services comparison closest to the embedded and silicon side of this business is L&T Technology Services.

Valuation framework

The scenario model starts with TTM EPS of ₹15.56. For each year it applies EPS_TTM × (1 + growth)^(year − 2026 + 112/365) × exit P/E, then rounds the result to the nearest ₹5. The 112/365 factor represents the fraction of the first forecast year remaining from 10 September to 31 December.

Scenario	Annual EPS growth	Exit P/E	Business interpretation
Bear	5%	10×	Margin pressure persists, growth is bought rather than earned, and a micro-cap services business with a 74% owner de-rates further
Base	11%	15×	Revenue keeps compounding in the low-to-mid teens, profit growth resumes but below the five-year rate, and the multiple stays where it is
Bull	15%	19×	Product engineering and data-and-AI work lift margin back toward the five-year ROCE, and the market re-rates modestly for consistency

Three points about those inputs. First, the growth rates all sit below the five-year profit CAGR of 15.75%, because the most recent year-on-year earnings comparison is negative and a company that grew profit at that rate for five years is not entitled to assume five more. Second, the multiples are anchored on the present 15.5×, with the bear case allowing a real de-rating and the bull case allowing only a modest expansion. Assuming both perfect growth and permanent multiple expansion would simply restate an optimistic mood as a number. Third, dividends are excluded from the model, which for a stock yielding 4.88% is a meaningful omission in the conservative direction.

R Systems International share price target 2026 to 2030

The grid above is generated only from the disclosed EPS, growth and exit-multiple inputs. It does not model dividends received, a change in share count, an acquisition, a currency swing on the substantial overseas revenue base, an exceptional item, or any action by the 73.59% holder. It is a way of seeing what three sets of assumptions imply, not a forecast of where the stock will trade. Each of the three paths should be re-derived once quarterly earnings and margins are on record, because the base EPS is the input the whole exercise rests on.

What moves the R Systems International share price

Four things dominate, and only one of them is company-specific in the ordinary sense.

The first is the margin trajectory, and the balance-sheet table above gives the reader the two numbers to watch it with: an operating margin of 14.92% on Yahoo’s basis and 17.04% on the 5 August basis, measured differently and therefore not directly comparable, against a net profit margin of 8.59% at the bottom. The observable test is whether the ₹499 crore to ₹602 crore sequential revenue trail starts carrying profit up with it, or whether the distance between the operating line and the net line keeps widening. A quarter or two showing revenue growth converting into profit growth would change the multiple more than any new service line.

The second is the global technology spending cycle. Product engineering budgets are discretionary in a way that maintenance contracts are not, and a company with a largely international client base carries that cyclicality directly.

The third is currency. The business description places delivery in Europe, the United States and other international markets, so a meaningful share of revenue is earned in foreign currency while the company is headquartered in India. The revenue-by-currency and cost-by-currency split is not on record here, so the size of that exposure cannot be quantified from these figures.

The fourth is the ownership structure described above: a 73.59% promoter holding leaves the float thin.

Risks that can break the reading

Valuation is the least of the risks here; the price has already fallen roughly 48% from the 52-week high. The larger risks are operational. Persistent margin erosion would mean the revenue growth is being bought at prices that do not clear the cost of capital, and at an 8.59% net margin there is not much cushion before profit growth turns structurally negative.

Client concentration and project-based revenue are standard hazards in mid-market IT services, and a company at this scale cannot absorb the loss of a large account the way a diversified giant can. Wage inflation and attrition in the data-and-AI and embedded practices bid against much deeper pockets. Generative AI is simultaneously the demand story and the deflation risk for a people-led services model — if delivery gets cheaper faster than volumes rise, the revenue line grows while the margin does not.

Finally, the dividend itself carries risk. A payout near three-quarters of earnings leaves limited room to absorb a weak year without either reducing the distribution or reducing reinvestment further.

What would change the reading

The constructive case strengthens with two or three quarters in which revenue growth and profit growth move in the same direction. The scorecard below sets out the specific readings that would confirm it, and the ones that would contradict it.

It weakens if margin keeps falling while revenue grows, if the payout ratio has to rise to sustain the dividend, if attrition in the specialised practices shows up as delivery problems, or if the gap between the five-year ROCE and the current ROCE widens instead of closing. Any material change in the promoter holding would require a fresh look regardless of what the financial statements say.

Monitoring scorecard

Question	Constructive evidence	Warning sign
Is revenue converting to profit?	Earnings growth turns positive year on year	Another period of revenue up, profit down
Is capital earning its keep?	ROCE moves back toward 26.64%	ROCE drifts further below 19.48%
Is EBITDA becoming cash?	Operating cash flow tracks the ₹383 Cr EBITDA	Receivables absorb the growth and cash conversion falls
Is the revenue mix disclosed?	Product-engineering and outsourcing revenue reported separately, with the data-and-AI share named	Reporting stays at one consolidated revenue line
Is the dividend sustainable?	Payout ratio falls as earnings recover	Payout rises above current levels to hold the rupee amount
Is the balance sheet still clean?	Net debt stays near zero, pledge stays at 0%	Borrowings rise faster than cash generation
Is the ownership stable?	Promoter holding unchanged at 73.59%	Any stake sale, block or open-market reduction

FAQ

What is R Systems International’s share price target for 2026?

The 2026 figure in the grid comes from applying trailing EPS of ₹15.56, one of three growth rates and one of three exit multiples, adjusted for the 112 days remaining in the year from the 10 September cut-off. It is an output of stated assumptions rather than a forecast, and it should be recalculated whenever the underlying EPS changes. Treat the three paths as a range of outcomes, not a price expectation.

What is R Systems International’s share price target for 2030?

The 2030 figures extend the same arithmetic across four more compounding years, which means small differences in the assumed growth rate produce large differences in the result. That sensitivity is a feature of the method, not a flaw in it, and it is the reason three scenarios are shown instead of one number. No probability is attached to any of them.

What does R Systems International do?

It is a digital product engineering company that builds chip-to-cloud software products and platforms, and also runs an IT and business process outsourcing practice. Its work spans cloud and DevOps, data and AI, quality engineering, embedded firmware and silicon verification, enterprise packaged software and integration. It was incorporated in 1993, is based in Greater Noida, employs about 5,359 people, and serves clients in Europe, the United States and other international markets.

Who are the promoters of R Systems International?

Promoters hold 73.59% of the company with no shares pledged. Yahoo Finance records R Systems International as a subsidiary of BCP Asia II Topco II Pte. Ltd., a holding vehicle rather than a founding family. That concentration limits the free float and gives the holder decisive control over strategy and capital allocation.

Does R Systems International pay a dividend?

Yes, and it is a large part of the current profile. The dividend yield at the 10 September 2026 close was 4.88%, which on a price of ₹241.20 implies roughly ₹11.77 per share, or about three-quarters of trailing EPS of ₹15.56. A payout at that level is sustainable only while earnings hold, so the dividend and the margin question are the same question.

What factors affect the R Systems International share price?

The margin trajectory matters most, because revenue grew 30.5% year on year while earnings fell 26.6% and the market is pricing the gap. Global technology spending cycles, rupee translation on largely overseas revenue, and the 73.59% promoter holding are the other three. Company-specific news about client wins matters less than evidence that revenue is converting into profit.

Related research

• Coforge share price target
• Persistent Systems share price target
• L&T Technology Services share price target
• How to value a stock
• Return on equity (ROE) explained
• P/E ratio formula and meaning
• High-paying dividend stocks in India

Sources and methodology

• R Systems International on Screener.in
• R Systems International quote and filings on NSE
• R Systems International company website

The figures in this article were captured on 10 September 2026 and are held fixed from that date. Price, 52-week range, market capitalisation, trailing EPS, book value, P/E, price-to-book, dividend yield, debt, cash, EBITDA, revenue, margins, share count, employee count, the annual and quarterly revenue rows and the business description all come from Yahoo Finance’s data for RSYSTEMS.NS. The five-year sales CAGR, five-year profit CAGR, five-year average ROCE, PEG and EV/EBITDA come from a Screener-derived reading dated 5 August 2026; no Screener financial statement tables were captured for this company in the September pass, which is why no quarterly profit, margin or EPS figures appear anywhere above.

Analytical judgment begins at the point where those figures stop. The reading of the revenue-versus-profit gap, the interpretation of the payout ratio, the significance attached to the ROCE decline from its five-year average, the assessment of ownership concentration, and the three growth-and-multiple pairs in the valuation framework are all interpretation. They are stated openly so that a reader who disagrees can substitute their own inputs into the same formula.

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This article is research and education, not personalised investment advice or a recommendation to transact. Gale is not a SEBI-registered investment adviser. The scenarios are illustrations, not guarantees. Verify current exchange filings, liquidity, corporate actions and suitability, and consult a registered adviser before acting.