R Systems International Is A 'Buy' For Systematix As It Initiates Coverage, Sees 16% Upside

R Systems International's recent acquisition of Novigo Solutions adds strong Agentic AI and automation capabilities, enhancing cross-sell potential and deepening presence in the Middle East and South India..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Report.We initiate coverage on R Systems International Ltd. with a Buy rating and a target price of Rs 507, based on 27 times PE on CY26E earnings per share..R Systems International is entering a new growth phase, supported by renewed leadership, operational focus, and the strategic backing of its new promoter, Blackstone. The company has steadily moved beyond its legacy image to become a credible player in product engineering, digital transformation, and AI adoption. Developments over the last year include-client additions through the Blackstone network, strengthening of leadership, andlaunch of OptimaAI, its proprietary AI platform, which is gaining early traction. Their recent acquisition of Novigo Solutions adds strong Agentic AI and automation capabilities, enhancing cross-sell potential and deepening presence in the Middle East and South India. We expect growth to accelerate meaningfully over CY25-26, supported by increased client activity, better deal wins, and expansion in high-potential areas like GCC setups and AI solutions. .We estimate 17%/21/30% CAGR in revenue/Ebitda/PAT, respectively, over CY24–26E, with Ebitda margin expected to remain stable. The company is strategically reinvesting gains towards strengthening its technology offerings, driving deal conversions, and expanding its client base..Click on the attachment to read the full report:.From ICICI Bank, HDFC Bank To CAMS: Motilal Oswal's Top 16 Stock Picks In BFSI Space — Check Full List.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

R Systems International Is A 'Buy' For Systematix As It Initiates Coverage, Sees 16% Upside

R Systems is strategically reinvesting gains towards strengthening its technology offerings, driving deal conversions, and expanding its client base, adds the brokerage.

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