52-week range
Price risk
Balance sheet & cash
What is the price implying?
Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Technology Services The market-wide Expectations lists
What changed?
- Jun '26Slipped to the bottom quartile of Technology Services on ROCE (from the 2nd quartile).
- Mar '26Fell 94% from the Aug 2024 peak to the Mar 2026 low.
- Dec '25EPS (TTM) turned negative.
- Jun '25Slipped to the 2nd quartile of Technology Services on ROCE (from the top quartile).
- Mar '25Slipped to the 2nd quartile of Technology Services on operating margin (from the top quartile).
- Sep '24Revenue (TTM) reached a new high of ₹67 cr.
- Jul '24Regained the 2024-04 peak, 1 month after the low.
- Jun '24EPS (TTM) turned positive.
Show 10 earlier events
- Jun '24Fell 39% from the Apr 2024 peak to the Jun 2024 low.
- Jun '24Moved into the top quartile of Technology Services on ROCE (from the bottom quartile).
- Aug '23Regained the 2022-01 peak, 5 months after the low.
- Mar '23Fell 56% from the Jan 2022 peak to the Mar 2023 low.
- Jan '22Regained the 2021-11 peak, 2 months after the low.
- Nov '21Regained the 2021-06 peak, 3 months after the low.
- Nov '21Fell 29% from the Nov 2021 peak to the Nov 2021 low.
- Aug '21Fell 37% from the Jun 2021 peak to the Aug 2021 low.
- Jun '21Regained the 2019-01 peak, 15 months after the low.
- Mar '20Fell 72% from the Jan 2019 peak to the Mar 2020 low.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Are profits backed by cash?
1 of 3 checks are within range, 1 near a threshold, 1 beyond a threshold.
Tap a check to see how it is measured.
Other income reliance—Not enough data
Not enough reported data to compute this.
Tax rate—Not enough data
Not enough reported data to compute this.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow3 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+93 daysBeyond threshold
Debtor days are above the median of the previous three fiscal years by 93 days (123 vs 30). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 2 years, FIIs trimmed 1.2 pts.
- The number of shareholders rose from 22,933 to 24,962 (+9%) between Dec 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
How rough has the ride been?
Monthly share price
Last 90 trading days
Drawdown from peak
Largest drawdowns
-93.7% (2024-08 peak to 2026-03 low, not yet recovered)
-72.1% (2019-01 peak to 2020-03 low, recovered 2021-06)
-56.3% (2022-01 peak to 2023-03 low, recovered 2023-08)
Where does it rank among Technology Services peers?
Each cell is the company's percentile rank among its Technology Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Technology Services sector page Watch it move against Technology Services in the Observatory
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like R S SOFTWARE INDIA LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −24% to +19% vs the market, against −6% for all non-financial companies in the same months.
- The gap against the base rate (−3.7%, 80% range −10.5% to +5.7%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 5 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 34 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| SHAH Non-Energy Minerals |
Jul 2021 | — | -121% | −4% | −24% | +1% |
| NEXTMEDIA Consumer Services |
Aug 2021 | — | -29% | −26% | −36% | +21% |
| KREBSBIO Health Technology |
Sep 2023 | — | -29% | −39% | −43% | −19% |
| KSHITIJPOL Miscellaneous |
Jul 2025 | — | -11% | −58% | −58% | −13% |
| PRAXIS Retail Trade |
Dec 2024 | — | -39% | −34% | −50% | −52% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| TAKE Technology Services |
Jul 2023 | — | -14% | −30% | −39% | −22% |
| SVPGLOB Distribution Services |
Sep 2025 | — | -29% | −49% | −50% | −12% |
| ARROWGREEN Process Industries |
Aug 2022 | — | -12% | −41% | −55% | +307% |
How reliable is this?
Matched on P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and volatility. Not used (unavailable for this company): P/E. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
Monthly history (94 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | — | ₹23 cr | -113.8% | -52.0% | 0.5x |
| 2026-09 | — | ₹23 cr | -111.7% | -52.0% | 0.5x |
| 2026-08 | — | ₹25 cr | -98.3% | -52.0% | 0.5x |
| 2026-07 | — | ₹25 cr | -98.3% | -52.0% | 0.5x |
| 2026-06 | — | ₹25 cr | -98.3% | -52.0% | 0.5x |
| 2026-05 | — | ₹28 cr | -35.9% | 18.0% | 0.0x |
| 2026-04 | — | ₹28 cr | -35.9% | 18.0% | 0.0x |
| 2026-03 | — | ₹28 cr | -35.9% | 18.0% | 0.0x |
| 2026-02 | — | ₹35 cr | -17.4% | 18.0% | 0.0x |
| 2026-01 | — | ₹35 cr | -17.4% | 18.0% | 0.0x |
| 2025-12 | — | ₹35 cr | -17.4% | 18.0% | 0.0x |
| 2025-11 | 239.4x | ₹46 cr | 1.0% | 18.0% | 0.0x |
| 2025-10 | 333.2x | ₹46 cr | 1.0% | 18.0% | 0.0x |
| 2025-09 | 345.3x | ₹46 cr | 1.0% | 18.0% | 0.0x |
| 2025-08 | 21.3x | ₹57 cr | 16.9% | 18.0% | 0.0x |
| 2025-07 | 22.9x | ₹57 cr | 16.9% | 18.0% | 0.0x |
| 2025-06 | 22.8x | ₹57 cr | 16.9% | 18.0% | 0.0x |
| 2025-05 | 8.0x | ₹67 cr | 38.4% | 44.0% | 0.0x |
| 2025-04 | 9.2x | ₹67 cr | 38.4% | 44.0% | 0.0x |
| 2025-03 | 9.7x | ₹67 cr | 38.4% | 44.0% | 0.0x |
| 2025-02 | 7.5x | ₹73 cr | 51.2% | 44.0% | 0.0x |
| 2025-01 | 15.9x | ₹73 cr | 51.2% | 44.0% | 0.0x |
| 2024-12 | 21.3x | ₹73 cr | 51.2% | 44.0% | 0.0x |
| 2024-11 | 25.9x | ₹67 cr | 45.0% | 44.0% | 0.0x |
| 2024-10 | 29.7x | ₹67 cr | 45.0% | 44.0% | 0.0x |
| 2024-09 | 31.5x | ₹67 cr | 45.0% | 44.0% | 0.0x |
| 2024-08 | 43.0x | ₹60 cr | 36.7% | 44.0% | 0.0x |
| 2024-07 | 39.5x | ₹60 cr | 36.7% | 44.0% | 0.0x |
| 2024-06 | 32.9x | ₹60 cr | 36.7% | 44.0% | 0.0x |
| 2024-05 | — | ₹30 cr | -29.0% | -24.0% | 0.1x |
| 2024-04 | — | ₹30 cr | -29.0% | -24.0% | 0.1x |
| 2024-03 | — | ₹30 cr | -29.0% | -24.0% | 0.1x |
| 2024-02 | — | ₹30 cr | -29.0% | -24.0% | 0.1x |
| 2024-01 | — | ₹30 cr | -29.0% | -24.0% | 0.1x |
| 2023-12 | — | ₹30 cr | -29.0% | -24.0% | 0.1x |
| 2023-11 | — | ₹30 cr | -29.0% | -24.0% | 0.1x |
| 2023-10 | — | ₹30 cr | -29.0% | -24.0% | 0.1x |
| 2023-09 | — | ₹30 cr | -29.0% | -24.0% | 0.1x |
| 2023-08 | — | ₹30 cr | -29.0% | -24.0% | 0.1x |
| 2023-07 | — | ₹30 cr | -29.0% | -24.0% | 0.1x |
| 2023-06 | — | ₹30 cr | -29.0% | -24.0% | 0.1x |
| 2023-05 | — | ₹28 cr | -41.0% | -23.0% | 0.0x |
| 2023-04 | — | ₹28 cr | -41.0% | -23.0% | 0.0x |
| 2023-03 | — | ₹28 cr | -41.0% | -23.0% | 0.0x |
| 2023-02 | — | ₹28 cr | -41.0% | -23.0% | 0.0x |
| 2023-01 | — | ₹28 cr | -41.0% | -23.0% | 0.0x |
| 2022-12 | — | ₹28 cr | -41.0% | -23.0% | 0.0x |
| 2022-11 | — | ₹28 cr | -41.0% | -23.0% | 0.0x |
| 2022-10 | — | ₹28 cr | -41.0% | -23.0% | 0.0x |
| 2022-09 | — | ₹28 cr | -41.0% | -23.0% | 0.0x |
| 2022-08 | — | ₹28 cr | -41.0% | -23.0% | 0.0x |
| 2022-07 | — | ₹28 cr | -41.0% | -23.0% | 0.0x |
| 2022-06 | — | ₹28 cr | -41.0% | -23.0% | 0.0x |
| 2022-05 | — | ₹35 cr | -37.5% | -31.0% | 0.1x |
| 2022-04 | — | ₹35 cr | -37.5% | -31.0% | 0.1x |
| 2022-03 | — | ₹35 cr | -37.5% | -31.0% | 0.1x |
| 2022-02 | — | ₹35 cr | -37.5% | -31.0% | 0.1x |
| 2022-01 | — | ₹35 cr | -37.5% | -31.0% | 0.1x |
| 2021-12 | — | ₹35 cr | -37.5% | -31.0% | 0.1x |
| 2021-11 | — | ₹35 cr | -37.5% | -31.0% | 0.1x |
| 2021-10 | — | ₹35 cr | -37.5% | -31.0% | 0.1x |
| 2021-09 | — | ₹35 cr | -37.5% | -31.0% | 0.1x |
| 2021-08 | — | ₹35 cr | -37.5% | -31.0% | 0.1x |
| 2021-07 | — | ₹35 cr | -37.5% | -31.0% | 0.1x |
| 2021-06 | — | ₹35 cr | -37.5% | -31.0% | 0.1x |
| 2021-05 | — | ₹60 cr | -96.1% | -27.0% | 0.0x |
| 2021-04 | — | ₹60 cr | -96.1% | -27.0% | 0.0x |
| 2021-03 | — | ₹60 cr | -96.1% | -27.0% | 0.0x |
| 2021-02 | — | ₹60 cr | -96.1% | -27.0% | 0.0x |
| 2021-01 | — | ₹60 cr | -96.1% | -27.0% | 0.0x |
| 2020-12 | — | ₹60 cr | -96.1% | -27.0% | 0.0x |
| 2020-11 | — | ₹60 cr | -96.1% | -27.0% | 0.0x |
| 2020-10 | — | ₹60 cr | -96.1% | -27.0% | 0.0x |
| 2020-09 | — | ₹60 cr | -96.1% | -27.0% | 0.0x |
| 2020-08 | — | ₹60 cr | -96.1% | -27.0% | 0.0x |
| 2020-07 | — | ₹60 cr | -96.1% | -27.0% | 0.0x |
| 2020-06 | — | ₹60 cr | -96.1% | -27.0% | 0.0x |
| 2020-05 | — | ₹65 cr | -17.6% | -21.0% | 0.0x |
| 2020-04 | — | ₹65 cr | -17.6% | -21.0% | 0.0x |
| 2020-03 | — | ₹65 cr | -17.6% | -21.0% | 0.0x |
| 2020-02 | — | ₹65 cr | -17.6% | -21.0% | 0.0x |
| 2020-01 | — | ₹65 cr | -17.6% | -21.0% | 0.0x |
| 2019-12 | — | ₹65 cr | -17.6% | -21.0% | 0.0x |
| 2019-11 | — | ₹65 cr | -17.6% | -21.0% | 0.0x |
| 2019-10 | — | ₹65 cr | -17.6% | -21.0% | 0.0x |
| 2019-09 | — | ₹65 cr | -17.6% | -21.0% | 0.0x |
| 2019-08 | — | ₹65 cr | -17.6% | -21.0% | 0.0x |
| 2019-07 | — | ₹65 cr | -17.6% | -21.0% | 0.0x |
| 2019-06 | — | ₹65 cr | -17.6% | -21.0% | 0.0x |
| 2019-05 | — | ₹63 cr | -13.8% | -22.0% | 0.0x |
| 2019-04 | — | ₹63 cr | -13.8% | -22.0% | 0.0x |
| 2019-03 | — | ₹63 cr | -13.8% | -22.0% | 0.0x |
| 2019-02 | — | ₹63 cr | -13.8% | -22.0% | 0.0x |
| 2019-01 | — | ₹63 cr | -13.8% | -22.0% | 0.0x |