MarketFriction

Ramco Systems Ltd

NSE RAMCOSYS · BSE 532370 · Software Products
₹546.25 -1.51%
NSE close2026-10-01
52 week range342.10 - 967.50
Market cap₹2,078 Cr.
P/E33.0
Price band 5% Delivery 49.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales126.83128.26131.20136.98142.51156.59155.26161.32175.78178.50185.36172.77
Expenses253.46132.68129.08133.53125.91142.53113.74132.26136.38133.59140.26147.31
Operating Profit-126.63-4.422.123.4516.6014.0641.5229.0639.4044.9145.1025.46
OPM %-99.84%-3.45%1.62%2.52%11.65%8.98%26.74%18.01%22.41%25.16%24.33%14.74%
Other Income1.900.621.201.270.910.972.463.521.31-19.981.002.19
Interest1.521.651.481.431.241.181.071.081.040.990.910.96
Depreciation21.4821.3422.7321.5422.8522.9135.4822.2522.8723.1523.0923.24
Profit before tax-147.73-26.79-20.89-18.25-6.58-9.067.439.2516.800.7922.103.45
Tax %-1.34%-2.50%10.00%7.18%46.50%11.48%31.49%88.43%25.06%-306.33%-13.94%83.77%
Net Profit-145.76-26.12-22.99-19.55-9.64-10.105.081.0812.593.2125.170.56
EPS in Rs-41.30-7.45-6.50-5.54-2.62-2.741.420.253.370.876.690.16
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales441449469542569626531492526591701712
Expenses360439392453465453532626679514541558
Operating Profit81107789104173-1-134-15377160155
OPM %18%2.2%16%16%18%28%-0.1%-27%-29%13%23%22%
Other Income31010109149545-15-15
Interest432513107118654
Depreciation4648505166697581871039192
Profit before tax33-30344234108-73-221-244-264943
Tax %27%-136%66%60%68%47%-1%-6%-1%29%14%
Net Profit241112171157-73-207-242-344242
EPS in Rs8.053.513.705.353.3218.16-23.81-58.71-68.30-9.1911.1711.09
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%2%13%16%
Compounded Profit Growth10%2%32%561%
Stock Price CAGR2%3%19%13%
Return on Equity-8%-22%-20%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital243030313131313135353738
Reserves228485510523547575621550498276278312
Borrowings2980538821706356106635443
Other Liabilities102145132160183203226238294294299353
Total Liabilities652660677752843978941875933668669745
Fixed Assets373273267260264339340356420430413402
CWIP000000000000
Investments12333333122292
Other Assets278384407489576636598515502237227341
Total Assets652660677752843978941875933668669745
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity22193788501669240104113134
Cash from Investing Activity-46-44-44-39-57-46-59-85-133-87-109-36
Cash from Financing Activity242283646-2-103-9148-5613-18
Net Cash Flow-0-414-324-355-391780
Free Cash Flow-23-27-5-36-46-8964-77153358
CFO/OP34%25%381%12%13%52%98%-14,174%-32%-71%152%87%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days131119939298122106115113665758
Inventory Days
Days Payable
Cash Conversion Cycle131119939298122106115113665758
Working Capital Days7014411895729314512530-64-74-61
ROCE %5%7%-5%6%8%7%16%-10%-33%-46%-5%20%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters52.02%51.96%51.89%51.79%53.43%53.37%53.21%53.17%53.10%53.03%55.69%55.51%
FIIs9.69%10.09%10.06%10.00%9.65%9.68%9.60%9.89%9.88%9.95%10.02%11.48%
DIIs5.93%5.94%5.91%5.90%5.65%5.64%5.62%5.62%5.77%5.78%2.03%1.77%
Public32.35%32.02%32.13%32.31%31.28%31.30%31.58%31.34%31.27%31.25%32.27%31.25%
No. of Shareholders39,93437,39634,92234,72432,50531,64731,01930,67429,17028,53227,98732,100

Fundamentals

Market Cap₹ 2,078 Cr.
Current Price₹ 554
Stock P/E33.0
Book Value₹ 93.4
ROCE19.7 %
ROE18.1 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)16%
Compounded Profit Growth (TTM)561%
Consolidated figures.
Valuation
Market capRs 2,046 Cr
Enterprise valueRs 1,964 Cr
P/E (TTM)49.31x
Price to book5.85x
Price to sales2.87x
EV / EBITDA14.09x
EV / EBIT41.74x
EV / sales2.76x
Price to cash flow15.22x
Earnings yield2.03%
P/E, 3-year average30.80x
P/B, 3-year average3.53x
P/E, 5-year average30.80x
P/B, 5-year average2.65x
Profitability
Operating margin (excl. other income)22.83%
Operating margin (incl. other income)20.76%
EBITDA margin19.57%
Pre-tax margin6.06%
Net profit margin5.83%
Net margin, latest quarter0.35%
ROE12.57%
ROCE14.20%
ROA5.92%
ROE, 3-year average-18.55%
ROCE, 3-year average-12.62%
ROA, 3-year average-9.81%
ROE, 5-year average-20.94%
ROCE, 5-year average-16.11%
ROA, 5-year average-12.08%
ROIC (approx.)15.12%
Tax rate14.08%
Other income / net worth-4.15%
Growth
Sales growth (latest year)18.54%
Sales CAGR, 3 years12.51%
Sales CAGR, 5 years2.28%
Profit CAGR, 5 years-5.59%
Sales growth QoQ-6.79%
Profit growth QoQ-97.60%
Sales growth YoY (latest quarter)7.10%
Profit growth YoY (latest quarter)-36.17%
Per share
EPS (TTM)Rs 11.08
EPS (latest year)Rs 11.17
EPS (latest quarter)Rs 0.16
EPS, 3-year averageRs -22.11
EPS, 5-year averageRs -29.77
Book value per shareRs 93.42
Sales per shareRs 190.17
Cash flow per shareRs 35.89
Free cash flow per shareRs 15.48
Efficiency
Asset turnover0.94x
Fixed asset turnover1.74x
Debtor days58 days
Debtors turnover6.25x
Cash conversion cycle58 days
Working capital days-61 days
Leverage
Total debtRs 43 Cr
Cash and bankRs 126 Cr
Net debtRs -83 Cr
Debt to equity0.12x
Net debt / EBITDA-0.59x
Interest coverage12.06x
Current ratio (filing 2026-03-31)1.03x
Quick ratio (filing 2026-03-31)1.03x
Trade payables (filing 2026-03-31)Rs 65 Cr
Owners' fund to total sources46.95%
Debt to assets5.75%
Cash flow
Cash from Operating Activity (latest year)Rs 134 Cr
Cash from Investing Activity (latest year)Rs -36 Cr
Cash from Financing Activity (latest year)Rs -18 Cr
Net Cash Flow (latest year)Rs 80 Cr
Free cash flow (latest year)Rs 58 Cr
FCFE (approx.: FCF + change in debt)Rs 47 Cr
Sales to cash flow5.21x
Statement figures
Net sales (TTM)Rs 712 Cr
Net sales (latest year)Rs 701 Cr
Sales (latest quarter)Rs 173 Cr
Operating profit excl. other income (latest year)Rs 160 Cr
Operating profit (latest quarter)Rs 25 Cr
Other income (TTM)Rs -15 Cr
EBITDA (TTM)Rs 139 Cr
PBDT (TTM)Rs 135 Cr
Profit before tax (TTM)Rs 43 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 42 Cr
Net profit (latest year)Rs 42 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 92 Cr
Depreciation (latest quarter)Rs 23 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 69 Cr
Total expenditure (latest year)Rs 541 Cr
Total income (latest year)Rs 686 Cr
Share capitalRs 38 Cr
ReservesRs 312 Cr
Shareholders' fundsRs 350 Cr
Total assetsRs 745 Cr
Net blockRs 402 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 2 Cr
ReceivablesRs 112 Cr
Other liabilitiesRs 353 Cr
Shares outstanding (crore)3.75
Ownership
Promoter holding55.51% (+2.34 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 49.3 is at the 36th percentile of its own 6.0-year range (median 74.9, low 16.8, high 247.3).
P/B 5.85 is at the 92th percentile (median 2.44).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRAMCOSYSNifty 50Difference
1 week-6.0%-2.8% -3.3 pts
1 month-7.6%-6.8% -0.8 pts
3 months-31.7%-7.6% -24.1 pts
6 months+58.8%+0.4% +58.4 pts
1 year+13.4%-9.9% +23.3 pts
2 years+32.8%-13.6% +46.4 pts
3 years+65.3%+14.2% +51.1 pts
5 years+13.2%+27.9% -14.7 pts
1 mutual fund schemes hold about ₹33 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Balanced Advantage Fund0.03%33 +1%

Red flags

F-score 8 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹173 Cr +7.1% vs Jun 2025. Net profit ₹1 Cr -48.1%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2022-08-01Annual General Meeting
2021-08-10 Annual General Meeting
2020-08-27 Annual General Meeting
2015-08-04Annual General Meeting
2014-07-24Annual General Meeting
2014-04-22Rights 1:2 @ Premium Rs.145/- Per Equity Share
2013-07-25Annual Book Closure
2012-07-31Annual General Meeting
2011-08-08Annual General Meeting
2010-07-29Annual Book Closure
2009-08-03Annual Book Closure
2008-08-07Annual General Meeting
2007-07-25Agm
2006-07-25Agm
DateTypeWhat it says
2026-10-01LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-09-24ESOPAllotment of 35983 Shares.
2026-09-23ESOPGrant of 26615 Options.
2026-09-10Press ReleaseA press release dated September 10, 2026, titled "Ramco Systems Marks Three Decades in Malaysia at Ramco Now & Next Celebration, Previews New AI-Nativ...
2026-09-03Press ReleaseA press release dated September 03, 2026, titled "Ramco Systems Signs MoU with Safran Helicopter Engines".
2026-08-27Press ReleaseA press release dated August 27, 2026, titled " Ramco Systems Announces Successful Implementation of Ramco Payce for Cromwell ".
2026-08-25Press ReleaseA press release dated August 25, 2026, titled "Ornge achieves paperless maintenance operations with Ramcos Digital Task Card and Mobile Apps".
2026-08-21General UpdatesGeneral Updates -Approval of Employee Stock Option Scheme 2026 (ESOS 2026) by the shareholders on August 20, 2026
2026-08-21Shareholder meetingRamco Systems Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 20, 2026
2026-08-21Shareholder meetingProceedings of Annual General Meeting held on August 20, 2026
2026-08-21Shareholder meetingVoting results.
2026-08-20Shareholder meetingProceedings of Annual General Meeting held on August 20, 2025
2026-08-19Press ReleaseA press release dated August 19, 2026, titled "Pem-Air Selects Ramco Aviation".
2026-08-10Press ReleaseA press release dated August 10, 2026, titled "Royal Jordanian Airlines Selects Ramco Systems to Power Its Next Phase of Growth".
2026-07-30Press ReleaseA press release dated July 30, 2026, titled Aurecon goes live on Ramco Payce which is being released to the press from our end.".
2026-07-29Press ReleaseA press release dated July 29, 2026, titled "CFS Aero Selects Ramco Aviation".
2026-07-28General UpdatesGeneral Updates
2026-07-25Shareholder meetingShareholders meeting
2026-07-23ESOPAllotment of 12686 Shares.
2026-07-23Press ReleaseA press release dated July 23, 2026, titled "Ramco Systems posts Q1 revenue of USD 18.38m".
2026-07-23Board meeting outcomeRamco Systems Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-02General UpdatesGeneral Updates
2026-07-02Press ReleaseA press release dated July 02, 2026, titled "Ramco Systems appoints Sandesh Bilagi as Chief Executive Officer".
2026-07-02Board meeting outcomeOutcome of Board Meeting held on July 02, 2026.
2026-06-17Disclosure under SEBI TakeovP R Venketrama Raja has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substanti...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-05-08NCLATRamco Systems Ltd. VS Spicejet Ltd. & Anr.
2019-02-28NCLATRamco Systems Ltd. VS Spicejet Ltd. & Anr.
2019-01-21NCLATRamco Systems Ltd. VS Spicejet Ltd. & Anr.
2018-12-13NCLATRamco Systems Ltd. VS Spicejet Ltd. & Anr.
2018-11-02NCLATRamco Systems Ltd. VS Spicejet Ltd. & Anr.
2018-09-27NCLATRamco Systems Ltd. VS Spicejet Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 75perc in previous 3 monthsScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Ramco Systems Ltd?

Ramco Systems Ltd (RAMCOSYS) has a market capitalisation of Rs 2,078 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ramco Systems Ltd?

Ramco Systems Ltd trades at a P/E of 33.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ramco Systems Ltd's latest quarterly results?

In the Jun 2026 quarter, Ramco Systems Ltd sales was Rs 173 Cr (+7.1% vs Jun 2025) and net profit was Rs 1 Cr.

What is the 52-week high and low of Ramco Systems Ltd?

The 52-week high is Rs 967.50 and the 52-week low is Rs 342.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03