Ramco Systems Ltd

Ramco Systems Ltd

₹ 542 0.24%
10 Jun 3:15 p.m.
About

Incorporated in 1997, Ramco Systems
Ltd develops ERP Software solutions,
and provides that with related solutions
and services[1]

Key Points

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.

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
63 65 57 69 83 66 81 94 85 88 87 91 97
78 77 102 68 63 67 66 62 43 61 64 63 65
Operating Profit -15 -12 -44 1 20 -1 15 32 42 27 23 28 33
OPM % -24% -19% -77% 2% 24% -2% 18% 34% 49% 31% 26% 30% 34%
2 0 0 0 0 1 1 1 1 3 1 -20 2
Interest 3 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 19 20 20 20 21 20 21 21 34 21 21 22 22
Profit before tax -34 -33 -65 -19 -2 -21 -7 10 7 8 1 -16 13
Tax % -29% -5% -5% -5% -14% -5% -5% 5% 5% 42% 33% -23% 11%
-24 -31 -62 -18 -2 -20 -7 10 7 5 1 -12 11
EPS in Rs -6.95 -8.86 -17.45 -5.16 -0.59 -5.68 -1.79 2.67 1.82 1.31 0.25 -3.20 3.02
Raw PDF

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
Total Order Booking
USD Million
Revenue from Cloud Orders (%)
%
Recurring Revenue (as % of Total Revenue)
%
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

24 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
52.12% 52.02% 51.96% 51.89% 51.79% 53.43% 53.37% 53.21% 53.17% 53.10% 53.03% 55.69%
7.98% 9.69% 10.09% 10.06% 10.00% 9.65% 9.68% 9.60% 9.89% 9.88% 9.95% 10.02%
5.94% 5.93% 5.94% 5.91% 5.90% 5.65% 5.64% 5.62% 5.62% 5.77% 5.78% 2.03%
33.96% 32.35% 32.02% 32.13% 32.31% 31.28% 31.30% 31.58% 31.34% 31.27% 31.25% 32.27%
No. of Shareholders 40,92839,93437,39634,92234,72432,50531,64731,01930,67429,17028,53227,987

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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