Ramco Systems Ltd

Ramco Systems Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ramco Systems Ltd

₹ 372 1.92%
26 Apr - close price
ramco.com BSE: 532370 NSE - BE : RAMCOSYS
About

Ramco Systems is an enterprise software player having multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation. The company is a part of Ramco Group. It is headquartered in Chennai, and has around 1800+ employees spread across 24 offices globally. [1][2][3]

Key Points

Product Portfolio (FY22)
Ramco ERP (33%): This product line provides ERP (Enterprise Resource Planning) solutions by focusing on customer payment payroll, Sales performance dashboard, Calendars, and Logistics.
Ramco HRP (35%): It works on digital transformation in the HR and Payroll (HRP) domain by building a suite of products spanning core HR, global payroll, time & attendance, and managed services.
Ramco Aviation (32%): The product is focused to address the unique business needs of civil and defense companies. It works on tech records, inventory management, work reporting, risk assessment-related mitigation, and fleet availability hub. [1] [2] [3] [4]

Website BSE NSE - BE
  • Market Cap ₹ 1,318 Cr.
  • Current Price ₹ 372
  • High / Low ₹ 450 / 209
  • Stock P/E
  • Book Value ₹ 219
  • Dividend Yield 0.00 %
  • ROCE -12.8 %
  • ROE -13.4 %
  • Face Value ₹ 10.0
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Pros

  • Company's working capital requirements have reduced from 167 days to 95.3 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.76% over past five years.
  • Company has a low return on equity of -4.66% 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

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
98 88 69 74 66 71 62 56 66 63 65 57 69
53 54 59 77 64 74 71 75 73 78 77 102 68
Operating Profit 45 34 10 -3 2 -2 -9 -19 -7 -15 -12 -44 1
OPM % 46% 38% 14% -5% 2% -3% -14% -33% -11% -24% -19% -77% 2%
2 2 2 4 2 2 2 1 1 2 0 0 0
Interest 2 1 1 1 1 1 1 2 3 3 1 1 1
Depreciation 16 16 17 18 18 17 18 19 19 19 20 20 20
Profit before tax 30 19 -6 -18 -15 -19 -26 -38 -28 -34 -33 -65 -19
Tax % 45% 44% 0% 6% 27% 18% 0% 5% 5% 29% 5% 5% 5%
17 11 -6 -17 -11 -16 -26 -36 -26 -24 -31 -62 -18
EPS in Rs 5.38 3.45 -2.00 -5.59 -3.60 -5.05 -8.32 -11.81 -8.60 -6.95 -8.86 -17.45 -5.16
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
152 169 161 223 262 278 285 316 306 345 280 248 255
130 155 137 166 195 230 163 197 187 202 274 297 324
Operating Profit 22 14 24 57 67 48 122 118 119 143 6 -49 -70
OPM % 14% 8% 15% 26% 26% 17% 43% 38% 39% 41% 2% -20% -27%
6 6 6 1 3 10 13 9 14 9 10 6 3
Interest 3 6 12 12 4 2 2 4 11 8 5 9 7
Depreciation 27 32 37 44 45 46 49 49 61 63 70 74 78
Profit before tax -3 -19 -19 2 21 9 85 74 61 81 -58 -126 -152
Tax % 0% 0% 0% 20% 31% -450% 22% 29% 59% 46% 14% 10%
-3 -19 -19 2 14 51 66 52 25 44 -50 -113 -136
EPS in Rs -1.27 -7.97 -8.07 0.64 4.77 16.67 21.56 16.96 8.13 14.40 -16.22 -32.08 -38.42
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: -3%
3 Years: -7%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -30%
Stock Price CAGR
10 Years: 9%
5 Years: 11%
3 Years: -8%
1 Year: 65%
Return on Equity
10 Years: 1%
5 Years: -1%
3 Years: -5%
Last Year: -13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 16 16 16 24 30 30 31 31 31 31 31 35 35
Reserves 151 134 116 240 588 655 724 776 799 846 794 821 738
199 286 366 298 0 5 37 80 152 53 46 96 74
58 58 52 56 68 49 59 58 69 99 106 123 122
Total Liabilities 424 495 550 618 685 739 851 945 1,051 1,028 977 1,076 970
182 224 252 273 271 263 257 260 322 328 345 408 418
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 122 124 124 124 144 180 302 302 369 369 369 403 396
120 147 174 221 271 296 292 382 360 331 263 265 156
Total Assets 424 495 550 618 685 739 851 945 1,051 1,028 977 1,076 970

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
18 -4 -7 30 57 102 98 62 105 144 79 -18
-41 -53 -37 -54 -80 -110 -130 -103 -101 -41 -69 -83
24 59 42 24 22 8 33 41 -3 -104 -9 152
Net Cash Flow 1 2 -2 -0 -1 0 1 -0 1 -1 1 51

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 152 173 219 200 205 154 148 181 162 124 90 124
Inventory Days
Days Payable
Cash Conversion Cycle 152 173 219 200 205 154 148 181 162 124 90 124
Working Capital Days 142 182 134 205 258 247 217 302 295 220 185 95
ROCE % -0% -3% -1% 3% 4% 2% 12% 9% 8% 9% -6% -13%

Shareholding Pattern

Numbers in percentages

16 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.45% 54.42% 54.38% 54.28% 54.27% 54.28% 54.27% 52.14% 52.12% 52.02% 51.96% 51.89%
1.30% 0.58% 0.17% 0.28% 0.10% 0.07% 0.07% 7.83% 7.98% 9.69% 10.09% 10.06%
9.20% 9.78% 9.77% 8.08% 7.91% 7.91% 7.39% 6.21% 5.94% 5.93% 5.94% 5.91%
35.05% 35.22% 35.67% 37.37% 37.72% 37.75% 38.27% 33.82% 33.96% 32.35% 32.02% 32.13%
No. of Shareholders 33,32340,18540,18742,34942,85742,58141,37840,89840,92839,93437,39634,922

* 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.

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