R. S. Software (India) Limited (RSSOFTWARE) AI Stock Analysis

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R. S. Software (India) Limited

(NSE:RSSOFTWARE)

Select Model

Rating:38Underperform

Price Target:INR 26.00▼(-6.31% Downside)

Action:reiterated

Date:11/04/26

The score is primarily constrained by severely deteriorating financial performance, including collapsing revenue, substantial losses, rising leverage, and negative free cash flow. Bearish technical conditions and the negative P/E ratio provide additional downside pressure.

Positive Factors

Payments-technology specializationA focused position in payment technology gives the company domain expertise in a large, specialized financial-services workflow. This concentration can support differentiated delivery capabilities, recurring client needs for maintenance and modernization, and relevance as payment systems continue evolving.

Negative Factors

Severe revenue contractionA steep revenue decline directly weakens the scale economics of a services business and can reduce utilization of its engineering workforce. If the contraction persists, it may pressure client relationships, limit reinvestment capacity, and make a return to historical profitability substantially more difficult.

R. S. Software (India) Limited (RSSOFTWARE) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 745.75M
Dividend Yield: ―
Average Volume (3M): 6,960
Price to Earnings (P/E): -2.2
Beta (1Y): 2.26
Revenue Growth: -34.37%
EPS Growth: -222.71%
Country: India
Employees: 151
Sector: General
Sector Strength: 55
Industry: Software - Application

R. S. Software (India) Limited Business Overview & Revenue Model

Company Description

R S Software (India) Limited provides software solutions to electronic payment industries in India, the United States, and the United Kingdom. It engages in the development, testing, and maintenance of software products. The company's products includ...

How the Company Makes Money

RSSOFTWARE primarily makes money by providing IT services to clients, especially in the payments and financial services ecosystem, and earning service revenue under client contracts. Its revenue model is largely services-led, where it bills customers...

R. S. Software (India) Limited Financial Statement Overview

Summary

Distressed financial performance: revenue declined 63.4%, profitability turned deeply negative, leverage increased materially, and free cash flow was negative. Positive operating cash flow provides only limited support.

Income Statement

8Very Negative

Balance Sheet

35Negative

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	231.03M	251.38M	573.21M	595.42M	301.27M	275.24M
Gross Profit	-174.92M	-43.64M	269.60M	284.93M	77.72M	7.43M
EBITDA	-226.59M	-225.75M	141.91M	232.72M	-42.86M	-77.95M
Net Income	-335.06M	-291.12M	87.28M	181.08M	-81.46M	-151.27M
Balance Sheet
Total Assets	439.50M	563.55M	728.85M	683.33M	432.14M	478.50M
Cash, Cash Equivalents and Short-Term Investments	20.50M	86.18M	230.19M	222.28M	82.33M	128.34M
Total Debt	145.69M	150.01M	5.48M	15.53M	24.14M	866.00K
Total Liabilities	267.36M	251.17M	141.86M	192.25M	125.13M	81.22M
Stockholders Equity	151.82M	292.64M	573.31M	481.87M	302.72M	387.81M
Cash Flow
Free Cash Flow	-14.62M	-151.58M	9.57M	96.82M	-105.24M	91.46M
Operating Cash Flow	66.80M	-61.85M	81.46M	158.47M	-96.06M	91.46M
Investing Cash Flow	-102.75M	-105.42M	-77.02M	-2.94M	64.67M	-19.95M
Financing Cash Flow	0	-5.00M	-3.76M	43.00K	2.28M	-84.21M

R. S. Software (India) Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price27.75

Price Trends

50DMA29.49Negative

100DMA31.18Negative

200DMA32.95Negative

Market Momentum

MACD-0.58Positive

RSI42.46Neutral

STOCH31.54Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RSSOFTWARE, the sentiment is Negative. The current price of 27.75 is below the 20-day moving average (MA) of 28.42, below the 50-day MA of 29.49, and below the 200-day MA of 32.95, indicating a bearish trend. The MACD of -0.58 indicates Positive momentum. The RSI at 42.46 is Neutral, neither overbought nor oversold. The STOCH value of 31.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RSSOFTWARE.

R. S. Software (India) Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RSSOFTWARE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:MASTEK	73Outperform	INR 44.76B	10.71	―	1.63%	6.37%	16.34%
IN:RSYSTEMS	72Outperform	INR 31.95B	16.54	―	5.21%	24.07%	-0.36%
IN:SAKSOFT	65Neutral	INR 17.17B	12.94	―	0.76%	8.13%	12.12%
IN:SONATSOFTW	63Neutral	INR 63.67B	14.23	―	3.33%	3.97%	8.32%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:RSSOFTWARE	38Underperform	INR 719.14M	-2.23	―	―	-34.37%	-222.71%

* General Sector Average

Performance Comparison

IN:RSSOFTWARE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:RSSOFTWARE	R. S. Software (India) Limited	27.75	-29.76	-51.75%
IN:MASTEK	Mastek Limited	1471.80	-604.69	-29.12%
IN:RSYSTEMS	R Systems International Limited	269.40	-121.15	-31.02%
IN:SAKSOFT	Saksoft Limited	131.15	-63.12	-32.49%
IN:SONATSOFTW	Sonata Software Limited	237.50	-121.51	-33.85%

R. S. Software (India) Limited Corporate Events

R. S. Software Publishes Audited September 2026 Results in National Dailies

Oct 29, 2026

R. S. Software (India) Limited, a publicly listed technology and software services company trading on the Bombay Stock Exchange and the National Stock Exchange of India, continues to focus on transparent financial reporting for its diverse investor b...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 04, 2026

R. S. Software (India) Limited AI Stock Analysis