Just adding R Systems Mar 21 Qtr Results Update (to maintain everything under one 🧵) ->
45
45
🚩Apart from Regular Dividend R Systems has done some timely Buy-backs too🔻
23Apr15 Rs 6cr
29Sep16 Rs 19.5cr
21Jan19 Rs 23.98cr
📍Buyback amount has been in increasing trend too!
We may see another buyback in 2022-23 if management thinks it is still undervalued ⁉️
46
23Apr15 Rs 6cr
29Sep16 Rs 19.5cr
21Jan19 Rs 23.98cr
📍Buyback amount has been in increasing trend too!
We may see another buyback in 2022-23 if management thinks it is still undervalued ⁉️
46
So finally, my Prayers for possible Buyback by management is answered.
Possibly management agrees with my assessment that R Systems is quite undervalued.
R Systems announced ~ Rs 30 Cr Buyback (highest so -far) & increasing trend !
49
Possibly management agrees with my assessment that R Systems is quite undervalued.
R Systems announced ~ Rs 30 Cr Buyback (highest so -far) & increasing trend !
49
R Systems Jun 2020 results has been +ive.
There is significant Other Income in June Quarter.
Even if we less Other income the Profit Before Tax has grown 20+% then the last 4 quarters Avg PBT.
49
There is significant Other Income in June Quarter.
Even if we less Other income the Profit Before Tax has grown 20+% then the last 4 quarters Avg PBT.
49
June 2021 R Systems Result Highlights
50
50
10 Key Wins in Jun 2021 Qtr
51
51
Net addition of 230+ associates during Jun 2021 quarter
Lot of hiring even in last Qtr, which indicates good business outlook & management anticipating significant order wins/pipeline.
It also mitigates risk of high attrition.
52
Lot of hiring even in last Qtr, which indicates good business outlook & management anticipating significant order wins/pipeline.
It also mitigates risk of high attrition.
52
R Systems Top client concentration is reducing (mitigating risk / dependency on few).
Largest client is now only 7.16%.
53
Largest client is now only 7.16%.
53
North America is most important business with 67.58% revenue contribution.
54
54
R Systems Utilization slightly impacted wrt to Jun 2020 Qtr, perhaps due to lot of hiring 230+ associates this Qtr !
55
55
Other Income (Rs 25cr) in June 2021 on a PAT of Rs 46 cr feels significant & is not sustainable.
Rs 3.17 cr is PPP loan forgiveness provided by US govt. It's free money where you neither need to return principal not need to pay interest.
Continued ..
56
Rs 3.17 cr is PPP loan forgiveness provided by US govt. It's free money where you neither need to return principal not need to pay interest.
Continued ..
56
My guess is major portion of Other income Rs 25cr is probably money received from selling some portion of their businesses.
Like if you see #1🔝 in 2014 & 2015 they had huge Other income when they sold their Product business to focus on Digital
OR
Revaluation of some asset.
57
Like if you see #1🔝 in 2014 & 2015 they had huge Other income when they sold their Product business to focus on Digital
OR
Revaluation of some asset.
57
R Systems Promoter Selling in Buyback isn't Negative!
58
58
R Systems International SSGR Analysis (13Nov21 updated) !
⚡️Last 10yrs MCap grew 15x of Retained Earning (RE) & EPS Growth 17% > RE growth.
⚡️Last 3yrs MCap grew 20x of RE & EPS Growth 20% > RE growth ✨(Last 3-4 Yrs feels like TURNAROUND) ⁉️
59
⚡️Last 10yrs MCap grew 15x of Retained Earning (RE) & EPS Growth 17% > RE growth.
⚡️Last 3yrs MCap grew 20x of RE & EPS Growth 20% > RE growth ✨(Last 3-4 Yrs feels like TURNAROUND) ⁉️
59
R Systems FY19 vs FY20 Financial !
60
60
R Systems Valuation - Attractive 😋
61
61
⚡️R Systems Qtr Dec 21 Result
Sales 38.9%⬆️YOY
PAT 11.9%⬆️YOY
Oper Profit(ex OI) 18.9%⬆️
Oper Profit Margin 13.71% vs 16.02% Dec20⬇️
EPS 2.77 vs 2.45 YOY⬆️
⚡️Year-end Dec 21 results Excellent
EPS 11.85 vs 6.84⬆️
To me results looks good except little margin impact.
63
Sales 38.9%⬆️YOY
PAT 11.9%⬆️YOY
Oper Profit(ex OI) 18.9%⬆️
Oper Profit Margin 13.71% vs 16.02% Dec20⬇️
EPS 2.77 vs 2.45 YOY⬆️
⚡️Year-end Dec 21 results Excellent
EPS 11.85 vs 6.84⬆️
To me results looks good except little margin impact.
63
R Systems Mar 22 Qtr Result & Management Update 👇
Revenue YoY 39%🆙
PAT YoY 19%🆙
Margin Impact - Salary Rise
10 key clients added
120+ associates
+ive demand environment
Strong Deal flow
@nid_rockz
64
Revenue YoY 39%🆙
PAT YoY 19%🆙
Margin Impact - Salary Rise
10 key clients added
120+ associates
+ive demand environment
Strong Deal flow
@nid_rockz
64
R Systems Jun 22 Qtr Result & Management Update👇
10 key clients added
47 million $ customers vs 33 last yr
Net addition 100+ associates
💥🧠💡Means expect higher/incremental revenue & profits. Hiring of associates to fulfill upcoming demand.
65
10 key clients added
47 million $ customers vs 33 last yr
Net addition 100+ associates
💥🧠💡Means expect higher/incremental revenue & profits. Hiring of associates to fulfill upcoming demand.
65
Loading suggestions...