Ramco Systems Ltd
Incorporated in 1997, Ramco Systems
Ltd develops ERP Software solutions,
and provides that with related solutions
and services[1]
- Market Cap ₹ 2,031 Cr.
- Current Price ₹ 542
- High / Low ₹ 682 / 342
- Stock P/E 81.9
- Book Value ₹ 214
- Dividend Yield 0.00 %
- ROCE 3.83 %
- ROE 3.12 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Promoter holding has increased by 2.65% over last quarter.
Cons
- Stock is trading at 2.66 times its book value
- The company has delivered a poor sales growth of 1.02% over past five years.
- Company has a low return on equity of -4.15% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Software Software Products
Part of BSE Information Technology
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 223 | 262 | 278 | 285 | 316 | 306 | 345 | 280 | 248 | 274 | 325 | 363 | |
| 166 | 195 | 230 | 163 | 197 | 187 | 202 | 274 | 297 | 309 | 237 | 253 | |
| Operating Profit | 57 | 67 | 48 | 122 | 118 | 119 | 143 | 6 | -49 | -35 | 88 | 110 |
| OPM % | 26% | 26% | 17% | 43% | 38% | 39% | 41% | 2% | -20% | -13% | 27% | 30% |
| 1 | 3 | 10 | 13 | 9 | 14 | 9 | 10 | 6 | 1 | 3 | -14 | |
| Interest | 12 | 4 | 2 | 2 | 4 | 11 | 8 | 5 | 9 | 6 | 4 | 3 |
| Depreciation | 44 | 45 | 46 | 49 | 49 | 61 | 63 | 70 | 74 | 80 | 97 | 86 |
| Profit before tax | 2 | 21 | 9 | 85 | 74 | 61 | 81 | -58 | -126 | -120 | -11 | 7 |
| Tax % | 20% | 31% | -450% | 22% | 29% | 59% | 46% | -14% | -10% | -5% | -5% | 27% |
| 2 | 14 | 51 | 66 | 52 | 25 | 44 | -50 | -113 | -113 | -10 | 5 | |
| EPS in Rs | 0.64 | 4.77 | 16.67 | 21.56 | 16.96 | 8.13 | 14.40 | -16.22 | -32.08 | -31.95 | -2.70 | 1.38 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 1% |
| 3 Years: | 14% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | -11% |
| 3 Years: | 30% |
| TTM: | 345% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -1% |
| 3 Years: | 32% |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -6% |
| 3 Years: | -4% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 30 | 30 | 31 | 31 | 31 | 31 | 31 | 35 | 35 | 37 | 38 |
| Reserves | 240 | 588 | 655 | 724 | 776 | 799 | 846 | 794 | 821 | 721 | 750 | 764 |
| 298 | 0 | 5 | 37 | 80 | 152 | 53 | 46 | 96 | 54 | 45 | 37 | |
| 56 | 68 | 49 | 59 | 58 | 69 | 99 | 106 | 123 | 123 | 123 | 143 | |
| Total Liabilities | 618 | 685 | 739 | 851 | 945 | 1,051 | 1,028 | 977 | 1,076 | 933 | 955 | 983 |
| 273 | 271 | 263 | 257 | 260 | 322 | 328 | 345 | 408 | 419 | 403 | 396 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 124 | 144 | 180 | 302 | 302 | 369 | 369 | 369 | 403 | 392 | 433 | 406 |
| 221 | 271 | 296 | 292 | 382 | 360 | 331 | 263 | 265 | 122 | 118 | 180 | |
| Total Assets | 618 | 685 | 739 | 851 | 945 | 1,051 | 1,028 | 977 | 1,076 | 933 | 955 | 983 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 | 57 | 102 | 98 | 62 | 105 | 144 | 79 | -18 | 74 | 101 | 116 | |
| -54 | -80 | -110 | -130 | -103 | -101 | -41 | -69 | -83 | -68 | -121 | -45 | |
| 24 | 22 | 8 | 33 | 41 | -3 | -104 | -9 | 152 | -51 | 19 | -12 | |
| Net Cash Flow | -0 | -1 | 0 | 1 | -0 | 1 | -1 | 1 | 51 | -45 | -1 | 59 |
| Free Cash Flow | -13 | 13 | 63 | 56 | 9 | 48 | 76 | -8 | -134 | -14 | 21 | 40 |
| CFO/OP | 53% | 85% | 213% | 80% | 52% | 89% | 101% | 1,306% | 37% | -210% | 115% | 106% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 200 | 205 | 154 | 148 | 181 | 162 | 124 | 90 | 124 | 82 | 64 | 66 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 200 | 205 | 154 | 148 | 181 | 162 | 124 | 90 | 124 | 82 | 64 | 66 |
| Working Capital Days | 117 | 258 | 240 | 170 | 209 | 189 | 213 | 176 | 27 | -10 | -23 | -28 |
| ROCE % | 3% | 4% | 2% | 12% | 9% | 8% | 9% | -6% | -13% | -13% | -1% | 4% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Unexecuted Order Book USD Million |
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| Number of new customers added Count |
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| Total Order Booking USD Million |
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| Revenue from Cloud Orders (%) % |
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| Recurring Revenue (as % of Total Revenue) % |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
21 May - Ramco Systems reported FY26 revenue of USD 79.9m, up 13% YoY, with EBITDA of USD 18.9m.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
21 May - Allotment of 24587 shares on 21-05-2026, upon exercise of stock options by various option grantees under various Employee Stock Options Schemes.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On 21-05-2026
21 May - Ramco Systems approved FY26 standalone and consolidated audited results, ESOS 2026 for 15,00,000 shares, AGM on Aug. 20, 2026.
-
Board Meeting Intimation for Board Meeting Intimation And Closure Of Trading Window
14 May - Board meets May 21, 2026 to approve audited standalone and consolidated FY26 results.
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
29 Apr - The Stakeholders Relationship Committee Meeting of the Board at its Meeting held today, approved the allotment of 97,747 equity shares of Rs.10/- each subsequent to …
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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May 2024TranscriptPPT
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Nov 2023TranscriptPPT
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Aug 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Jul 2022TranscriptPPT
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May 2022TranscriptPPT
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Aug 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptAI SummaryPPT
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Jan 2020TranscriptPPT
Business Overview:[1][2]
RSL is a part of the Ramco Group. It provides multi-tenant cloud and mobile-based enterprise software in the area of customised Global Payroll, ERP, Logistics and M&E MRO for Aviation, SRP, and EAM services, etc. It has expertise in catering to the aviation sector and has forayed into the US defence sector.