Ramco Systems

₹359 -3.9 | 1.1%

WEBSITE BSE:532370 NSE : RAMCO SYSTM 10 May, 16:01

Market Cap ₹1272 Cr.

Stock P/E -4.8

P/B 3.8

Current Price ₹359

Book Value ₹ 93.6

Face Value 10

52W High ₹449

Dividend Yield 0%

52W Low ₹ 209.3

Edit Ratio

Ramco Systems Research see more...

Overview Inc. Year: 1997Industry: IT - Software

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 capital management (HCM) to asset-centric businesses, inclusive of power generation, production and fleet management, among others. Its generation platforms encompass Ramco VirtualWorks and Ramco DecisionWorks. Ramco's in-memory Planning & Optimization (iPO) for making plans, scheduling and optimization manages the way a business may want to make most reliable use of its assets even as satisfying orders. Its integration gateway iRIS supports message queue-information exchange.

Ramco Systems Share Price

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Peer Comparison

Ramco Systems Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	141	126	124	120	119	127	126	140	127	128
Other Income	4	2	1	1	1	1	2	0	2	1
Total Income	145	128	125	121	120	129	128	140	129	129
Total Expenditure	136	134	134	151	159	156	162	165	253	133
Operating Profit	9	-7	-9	-30	-39	-27	-34	-25	-125	-4
Interest	1	1	1	1	2	3	3	2	2	2
Depreciation	19	19	19	19	20	21	20	22	21	21
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-11	-27	-29	-50	-62	-51	-57	-48	-148	-27
Provision for Tax	1	-2	-3	0	-2	-1	-12	-1	-2	-1
Profit After Tax	-13	-25	-27	-51	-60	-50	-45	-47	-146	-26
Adjustments	-0	-0	0	0	0	0	-0	0	-0	-0
Profit After Adjustments	-13	-25	-26	-51	-60	-50	-46	-47	-146	-26
Adjusted Earnings Per Share	-4.2	-8.2	-8.6	-16.4	-19.6	-16.3	-12.9	-13.3	-41.3	-7.4

Ramco Systems Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	239	263	360	441	449	469	542	569	626	531	492	521
Other Income	8	15	5	9	10	12	10	16	23	9	6	5
Total Income	248	278	365	450	459	481	552	585	649	540	498	526
Total Expenditure	249	251	293	367	440	394	453	471	462	532	626	713
Operating Profit	-1	27	72	83	20	87	99	113	187	8	-129	-188
Interest	6	12	12	4	3	2	5	13	10	7	11	9
Depreciation	33	38	45	46	48	50	51	66	69	75	81	84
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-41	-23	15	33	-31	34	42	34	108	-73	-221	-280
Provision for Tax	-0	1	2	9	-41	23	25	23	51	-0	-14	-16
Profit After Tax	-41	-24	13	24	11	11	17	11	57	-73	-207	-264
Adjustments	0	0	0	0	-0	-0	-0	-1	-1	-0	0	0
Profit After Adjustments	-40	-24	13	24	11	11	16	10	56	-73	-207	-265
Adjusted Earnings Per Share	-24.5	-14.2	5.2	8.1	3.5	3.7	5.3	3.3	18.1	-23.8	-58.7	-74.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-7%	-5%	1%	7%
Operating Profit CAGR	-1713%	NAN%	NAN%	0%
PAT CAGR	0%	NAN%	NAN%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	59%	-11%	12%	8%
ROE Average	-40%	-14%	-7%	-6%
ROCE Average	-36%	-10%	-3%	-1%

Ramco Systems Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	129	108	253	515	540	554	578	606	652	581	533
Minority's Interest	0	0	0	0	1	1	1	2	3	3	3
Borrowings	1	183	218	0	0	0	0	7	0	0	0
Other Non-Current Liabilities	19	11	12	19	-32	-25	-19	55	96	74	63
Total Current Liabilities	345	259	169	125	121	179	245	280	190	214	312
Total Liabilities	494	561	652	660	629	709	805	950	941	871	912
Fixed Assets	324	352	373	273	267	260	264	339	340	356	420
Other Non-Current Assets	15	28	30	80	88	133	177	171	147	107	62
Total Current Assets	155	181	249	307	274	315	364	440	455	408	430
Total Assets	494	561	652	660	629	709	805	950	941	871	912

Ramco Systems Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	11	13	11	10	7	8	13	9	12	15	13
Cash Flow from Operating Activities	-6	-6	22	19	37	8	8	50	166	92	40
Cash Flow from Investing Activities	-52	-40	-44	-47	-34	-44	-50	-57	-66	-85	-127
Cash Flow from Financing Activities	59	42	24	22	8	36	46	-2	-103	-9	148
Net Cash Inflow / Outflow	1	-5	2	-6	11	-0	4	-9	-3	-3	61
Closing Cash & Cash Equivalent	13	11	10	7	8	13	9	12	15	13	68

Ramco Systems Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-24.49	-14.22	5.19	8.05	3.5	3.69	5.35	3.32	18.14	-23.78	-58.66
CEPS(Rs)	-4.66	8.32	23.59	23.32	19.21	20.12	22.19	25.19	40.91	0.77	-35.74
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	77.53	64.14	101.26	161.94	167.34	171.95	179.76	188.78	204.18	181.78	137.33
Core EBITDA Margin(%)	-4.13	4.6	18.77	16.83	2.15	15.99	16.39	17.19	26.3	-0.15	-27.25
EBIT Margin(%)	-14.4	-4.19	7.63	8.33	-6.23	7.78	8.75	8.26	18.88	-12.56	-42.55
Pre Tax Margin(%)	-17.05	-8.72	4.18	7.41	-6.81	7.27	7.81	5.89	17.23	-13.8	-44.83
PAT Margin (%)	-17.03	-9.03	3.5	5.39	2.39	2.44	3.11	1.88	9.05	-13.73	-42.03
Cash Profit Margin (%)	-3.22	5.28	15.97	15.86	13.02	13.11	12.53	13.57	20.09	0.45	-25.61
ROA(%)	-8.8	-4.51	2.08	3.62	1.66	1.71	2.23	1.22	5.99	-8.05	-23.2
ROE(%)	-27.78	-20.21	7.13	6.49	2.16	2.21	3.13	1.9	9.39	-12.27	-39.59
ROCE(%)	-8.84	-2.48	5.38	6.9	-5.28	6.42	7.58	6.9	17.47	-10.83	-36.37
Receivable days	110.77	125.05	117.7	112.81	104.65	90.35	88.98	107.9	108.46	119.81	118.23
Inventory Days	1.3	0.02	0.01	0.1	0.1	0	0	0	0	0	0
Payable days	1055.44	3387.17	4190.45	4842.95	4200.75	0	5833.5	0	3451.2	0	0
PER(x)	0	0	123.97	88.44	109.3	97.88	44.79	21.74	29.09	0	0
Price/Book(x)	1.43	2.94	6.36	4.4	2.29	2.1	1.33	0.38	2.58	1.45	1.38
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.91	2.54	5.15	4.83	2.59	2.41	1.48	0.53	2.57	1.51	1.3
EV/Core EBITDA(x)	-324.06	25.11	25.63	25.67	58.73	13.03	8.16	2.66	8.58	94.5	-4.98
Net Sales Growth(%)	7.31	9.94	37.03	22.32	1.87	4.46	15.54	4.94	10.09	-15.2	-7.32
EBIT Growth(%)	-450.69	68.03	349.68	33.54	-176.11	230.55	29.92	-0.94	151.67	-156.42	-213.94
PAT Growth(%)	-370.24	41.69	153.17	88.12	-54.87	6.54	47.59	-36.49	428.97	-228.71	-183.64
EPS Growth(%)	-346.61	41.92	136.51	55.04	-56.48	5.35	44.88	-37.9	446.27	-231.1	-146.66
Debt/Equity(x)	2.24	3.41	1.2	0	0.01	0.07	0.15	0.17	0	0	0.08
Current Ratio(x)	0.45	0.7	1.47	2.45	2.27	1.76	1.48	1.57	2.39	1.91	1.38
Quick Ratio(x)	0.45	0.7	1.47	2.44	2.27	1.76	1.48	1.57	2.39	1.91	1.38
Interest Cover(x)	-5.45	-0.93	2.21	9.04	-10.62	15.33	9.3	3.49	11.42	-10.12	-18.66
Total Debt/Mcap(x)	1.56	1.16	0.19	0	0	0.03	0.11	0.44	0	0	0.06

Ramco Systems Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	54.38	54.28	54.27	54.27	54.27	52.14	52.12	52.03	51.95	51.89
FII	0.17	0.28	0.1	0.07	0.07	7.83	7.98	9.69	10.09	10.06
DII	9.78	8.07	7.91	7.91	7.4	6.21	5.95	5.93	5.93	5.92
Public	35.67	37.37	37.72	37.75	38.27	33.83	33.96	32.35	32.03	32.14
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.67	1.67	1.67	1.67	1.67	1.84	1.84	1.84	1.84	1.84
FII	0.01	0.01	0	0	0	0.28	0.28	0.34	0.36	0.36
DII	0.3	0.25	0.24	0.24	0.23	0.22	0.21	0.21	0.21	0.21
Public	1.1	1.15	1.16	1.16	1.18	1.19	1.2	1.14	1.13	1.14
Others	0	0	0	0	0	0	0	0	0	0
Total	3.08	3.08	3.08	3.08	3.08	3.52	3.52	3.53	3.54	3.54

Pros

Company is almost debt free.

Cons

Company has a low return on equity of -14% over the last 3 years.
Stock is trading at 3.8 times its book value.

* 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.