Ramco Systems Ltd
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]
- Market Cap ₹ 938 Cr.
- Current Price ₹ 265
- High / Low ₹ 357 / 188
- Stock P/E
- Book Value ₹ 101
- Dividend Yield 0.00 %
- ROCE -32.6 %
- ROE -37.1 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 117 days to 68.0 days
Cons
- Stock is trading at 2.62 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 0.96% over past five years.
- Company has a low return on equity of -12.4% over last 3 years.
- Contingent liabilities of Rs.410 Cr.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
223 | 239 | 263 | 360 | 441 | 449 | 469 | 542 | 569 | 626 | 531 | 492 | 521 | |
212 | 248 | 245 | 292 | 360 | 439 | 392 | 453 | 465 | 453 | 532 | 626 | 713 | |
Operating Profit | 11 | -9 | 18 | 68 | 81 | 10 | 77 | 89 | 104 | 173 | -1 | -134 | -192 |
OPM % | 5% | -4% | 7% | 19% | 18% | 2% | 16% | 16% | 18% | 28% | -0% | -27% | -37% |
11 | 8 | 8 | 4 | 3 | 10 | 10 | 10 | 9 | 14 | 9 | 5 | 5 | |
Interest | 3 | 6 | 12 | 12 | 4 | 3 | 2 | 5 | 13 | 10 | 7 | 11 | 8 |
Depreciation | 28 | 33 | 38 | 45 | 46 | 48 | 50 | 51 | 66 | 69 | 75 | 81 | 85 |
Profit before tax | -9 | -41 | -23 | 15 | 33 | -30 | 34 | 42 | 34 | 108 | -73 | -221 | -280 |
Tax % | 5% | 0% | -4% | 16% | 27% | 136% | 66% | 60% | 68% | 47% | 1% | 6% | |
-9 | -41 | -24 | 13 | 24 | 11 | 12 | 17 | 11 | 57 | -73 | -207 | -264 | |
EPS in Rs | -3.83 | -17.14 | -9.94 | 5.19 | 8.05 | 3.51 | 3.70 | 5.35 | 3.32 | 18.16 | -23.81 | -58.71 | -74.96 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 1% |
3 Years: | -5% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -41% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 2% |
3 Years: | -21% |
1 Year: | 37% |
Return on Equity | |
---|---|
10 Years: | -3% |
5 Years: | -7% |
3 Years: | -12% |
Last Year: | -37% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 150 | 113 | 92 | 228 | 485 | 510 | 523 | 547 | 575 | 621 | 550 | 498 | 322 |
199 | 286 | 366 | 298 | 0 | 5 | 38 | 82 | 170 | 63 | 56 | 106 | 81 | |
67 | 79 | 87 | 102 | 145 | 132 | 160 | 183 | 203 | 226 | 238 | 294 | 285 | |
Total Liabilities | 432 | 494 | 561 | 652 | 660 | 677 | 752 | 843 | 978 | 941 | 875 | 933 | 724 |
282 | 324 | 352 | 373 | 273 | 267 | 260 | 264 | 339 | 340 | 356 | 420 | 427 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 1 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 12 | 5 |
150 | 169 | 208 | 278 | 384 | 407 | 489 | 576 | 636 | 598 | 515 | 502 | 293 | |
Total Assets | 432 | 494 | 561 | 652 | 660 | 677 | 752 | 843 | 978 | 941 | 875 | 933 | 724 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
21 | -6 | -6 | 22 | 19 | 37 | 8 | 8 | 50 | 166 | 92 | 40 | |
-42 | -51 | -37 | -46 | -44 | -44 | -39 | -57 | -46 | -59 | -85 | -133 | |
24 | 59 | 42 | 24 | 22 | 8 | 36 | 46 | -2 | -103 | -9 | 148 | |
Net Cash Flow | 3 | 2 | -2 | -0 | -4 | 1 | 4 | -3 | 2 | 4 | -3 | 55 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 112 | 117 | 143 | 131 | 119 | 93 | 92 | 98 | 122 | 106 | 115 | 113 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 112 | 117 | 143 | 131 | 119 | 93 | 92 | 98 | 122 | 106 | 115 | 113 |
Working Capital Days | 120 | 124 | 128 | 125 | 144 | 122 | 125 | 128 | 155 | 151 | 133 | 68 |
ROCE % | -2% | -9% | -2% | 5% | 7% | -5% | 6% | 8% | 7% | 16% | -10% | -33% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
19 Mar - Allotment Committee of the Board of the Company at its Meeting held today has approved an allotment of 16450 equity shares of Rs.10 each
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Announcement under Regulation 30 (LODR)-Change in Management
15 Mar - Members of the Company had approved the appointment of Independent Directors.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 15 Mar
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 15 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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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 2021TranscriptNotesPPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptNotesPPT
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]