Fundamental Analysis
R SYSTEMS INTERNATIONAL LIMITED
Ticker : 532735
BUY : Rs 164.50
Target : Rs 185
R Systems International is a global technology and analytics services company. The company helps its clients achieve speed-to-market, overcome digital barriers, and create business value with its specialised service offerings & consultative business approach. On the consolidated quarterly front, the company recorded net sales and operating income of Rs 247.65 crore for Q1CY21, recording a rise of 18.35 per cent from its net sales & operating income of Rs 209.26 crore reported for Q1CY20. The operating profit jumped 90.4 per cent to reach Rs 35.99 crore in Q1CY21 from Rs 18.9 crore posted in Q1CY20. The net profit was reported at Rs 24.88 crore in Q1CY21 from Rs 9.50 crore in Q1CY20, clocking significant gains. In the last one year, the company has onboarded 345 plus technical associates .Hence, owing to the strong quarterly results and promising future plans, we recommend a BUY.