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Ramco Systems Overview

Ramco Systems Ltd (Ramco) is a holding business enterprise. The Company is engaged in computer programming, consultancy and related activities, and hosting and associated activities. The Company offers software program solutions and offerings. Ramco Logistics Software caters to logistics-third party logistics (3PL), freight forwarders and network provider companies. Ramco Enterprise Asset Management is a primarily cloud- based, cellular-ready offerings, which gives predictive and preventive renovation modules, integrated with finance and human ...Read More

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Ramco Systems Key Financials

Market Cap ₹1570 Cr.

Stock P/E -45.9

P/B 4.8

Current Price ₹419.2

Book Value ₹ 87.4

Face Value 10

52W High ₹681.8

Dividend Yield 0%

52W Low ₹ 342.5

Ramco Systems Share Price

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Volume
Price

Ramco Systems Quarterly Price

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Ramco Systems Peer Comparison

Ramco Systems Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 127 128 131 137 143 157 155 161 176 178
Other Income 2 1 1 1 1 1 2 4 1 2
Total Income 129 129 132 138 143 158 158 165 177 180
Total Expenditure 253 133 129 134 126 143 114 132 136 134
Operating Profit -125 -4 3 5 18 15 44 33 41 46
Interest 2 2 1 1 1 1 1 1 1 1
Depreciation 21 21 23 22 23 23 35 22 23 23
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -21
Profit Before Tax -148 -27 -21 -18 -7 -9 7 9 17 1
Provision for Tax -2 -1 2 1 3 1 2 8 4 -2
Profit After Tax -146 -26 -23 -20 -10 -10 5 1 13 3
Adjustments -0 -0 0 -0 -0 -0 0 -0 -0 0
Profit After Adjustments -146 -26 -23 -20 -10 -10 5 1 13 3
Adjusted Earnings Per Share -41.3 -7.4 -6.5 -5.5 -2.6 -2.7 1.4 0.3 3.4 0.9

Ramco Systems Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 360 441 449 469 542 569 626 531 492 526 591 670
Other Income 5 9 10 12 10 16 23 9 32 63 44 9
Total Income 365 450 459 481 552 585 649 540 525 589 635 680
Total Expenditure 293 367 440 394 453 471 462 532 653 738 553 516
Operating Profit 72 83 20 87 99 113 187 8 -129 -149 82 164
Interest 12 4 3 2 5 13 10 7 11 8 6 4
Depreciation 45 46 48 50 51 66 69 75 81 87 103 103
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 -21
Profit Before Tax 15 33 -31 34 42 34 108 -73 -221 -244 -26 34
Provision for Tax 2 9 -41 23 25 23 51 -0 -14 -2 8 12
Profit After Tax 13 24 11 11 17 11 57 -73 -207 -242 -34 22
Adjustments 0 0 -0 -0 -0 -1 -1 -0 0 -0 -0 0
Profit After Adjustments 13 24 11 11 16 10 56 -73 -207 -242 -34 22
Adjusted Earnings Per Share 5.2 8.1 3.5 3.7 5.3 3.3 18.1 -23.8 -58.7 -68.2 -9.2 6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 4% 1% 5%
Operating Profit CAGR 0% 117% -6% 1%
PAT CAGR 0% 0% NAN% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -0% 23% -3% -6%
ROE Average -13% -39% -24% -9%
ROCE Average -7% -32% -18% -6%

Ramco Systems Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 253 515 540 554 578 606 652 581 533 311 316
Minority's Interest 0 0 1 1 1 2 3 3 3 4 4
Borrowings 218 0 0 0 0 7 0 0 0 0 0
Other Non-Current Liabilities 12 19 -32 -25 -19 55 96 74 63 65 59
Total Current Liabilities 169 125 121 179 245 280 190 214 312 260 266
Total Liabilities 652 660 629 709 805 950 941 871 912 640 644
Fixed Assets 373 273 267 260 264 339 340 356 420 430 413
Other Non-Current Assets 30 80 88 133 177 171 147 107 62 14 12
Total Current Assets 249 307 274 315 364 440 455 408 430 196 219
Total Assets 652 660 629 709 805 950 941 871 912 640 644

Ramco Systems Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 11 10 7 8 13 9 12 15 13 68 28
Cash Flow from Operating Activities 22 19 37 8 8 50 166 92 40 104 113
Cash Flow from Investing Activities -44 -47 -34 -44 -50 -57 -66 -85 -127 -77 -106
Cash Flow from Financing Activities 24 22 8 36 46 -2 -103 -9 148 -56 13
Net Cash Inflow / Outflow 2 -6 11 -0 4 -9 -3 -3 61 -29 20
Closing Cash & Cash Equivalent 10 7 8 13 9 12 15 13 68 28 46

Ramco Systems Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.19 8.05 3.5 3.69 5.35 3.32 18.14 -23.78 -58.66 -68.24 -9.18
CEPS(Rs) 23.59 23.32 19.21 20.12 22.19 25.19 40.91 0.77 -35.74 -43.56 18.37
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 101.26 161.94 167.34 171.95 179.76 188.78 204.18 181.78 137.33 71.73 72.66
Core EBITDA Margin(%) 18.77 16.83 2.15 15.99 16.39 17.19 26.3 -0.15 -32.71 -40.32 6.44
EBIT Margin(%) 7.63 8.33 -6.23 7.78 8.75 8.26 18.88 -12.56 -42.55 -44.86 -3.47
Pre Tax Margin(%) 4.18 7.41 -6.81 7.27 7.81 5.89 17.23 -13.8 -44.83 -46.35 -4.48
PAT Margin (%) 3.51 5.39 2.39 2.44 3.11 1.88 9.05 -13.73 -42.03 -45.96 -5.79
Cash Profit Margin (%) 15.97 15.86 13.02 13.11 12.53 13.57 20.09 0.45 -25.61 -29.37 11.6
ROA(%) 2.08 3.62 1.66 1.71 2.23 1.22 5.99 -8.05 -23.2 -31.14 -5.33
ROE(%) 7.13 6.49 2.16 2.21 3.13 1.9 9.39 -12.27 -39.59 -65.44 -13.02
ROCE(%) 5.38 6.9 -5.28 6.42 7.58 6.9 17.47 -10.83 -36.37 -53.46 -6.54
Receivable days 117.7 112.81 104.65 90.35 88.98 107.9 108.46 119.81 118.24 85.88 57.87
Inventory Days 0.01 0.1 0.1 0 0 0 0 0 0 0 0
Payable days 4190.45 4842.95 4200.75 0 5833.5 0 3451.2 0 0 7917.17 0
PER(x) 123.97 88.44 109.3 97.88 44.79 21.74 29.09 0 0 0 0
Price/Book(x) 6.36 4.4 2.29 2.1 1.33 0.38 2.58 1.45 1.38 3.69 4.56
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 5.15 4.83 2.59 2.41 1.48 0.53 2.57 1.51 1.3 1.73 2.02
EV/Core EBITDA(x) 25.63 25.67 58.73 13.03 8.16 2.66 8.58 94.5 -4.98 -6.12 14.5
Net Sales Growth(%) 37.03 22.32 1.87 4.46 15.54 4.94 10.09 -15.2 -7.32 6.83 12.46
EBIT Growth(%) 349.68 33.54 -176.11 230.55 29.92 -0.94 151.67 -156.42 -213.94 -12.62 91.3
PAT Growth(%) 153.17 88.12 -54.87 6.54 47.59 -36.49 428.97 -228.71 -183.64 -16.83 85.84
EPS Growth(%) 136.51 55.04 -56.48 5.35 44.88 -37.9 446.27 -231.1 -146.66 -16.33 86.55
Debt/Equity(x) 1.2 0 0.01 0.07 0.15 0.17 0 0 0.08 0 0
Current Ratio(x) 1.47 2.45 2.27 1.76 1.48 1.57 2.39 1.91 1.38 0.75 0.82
Quick Ratio(x) 1.47 2.44 2.27 1.76 1.48 1.57 2.39 1.91 1.38 0.75 0.82
Interest Cover(x) 2.21 9.04 -10.62 15.33 9.3 3.49 11.42 -10.12 -18.66 -30.12 -3.45
Total Debt/Mcap(x) 0.19 0 0 0.03 0.11 0.44 0 0 0.06 0 0

Ramco Systems Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 51.95 51.89 51.79 53.44 53.37 53.21 53.17 53.1 53.03 55.68
FII 10.09 10.06 10 9.65 9.69 9.6 9.89 9.88 9.95 10.02
DII 5.93 5.92 5.91 5.64 5.64 5.62 5.61 5.77 5.77 2.03
Public 32.03 32.14 32.3 31.27 31.3 31.56 31.33 31.25 31.24 32.27
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Ramco Systems News

Ramco Systems Pros & Cons

Pros

  • Debtor days have improved from 7917.17 to 0days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -39% over the last 3 years.
  • Stock is trading at 4.8 times its book value.
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