Ramco Systems Limited (RAMCOSYS) AI Stock Analysis

• Market Cap: ₹21.91B
• Dividend Yield: N/A
• Average Volume (3M): 10.51K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.38
• Revenue Growth: 17.66%
• EPS Growth: 93.82%
• Country: IN
• Employees: 1,767
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.30
• Shares Outstanding: 37,362,660
• 10 Day Avg. Volume: 10,296
• 30 Day Avg. Volume: 10,514
• PEG Ratio: 0.41
• Price to Book (P/B): 3.84
• Price to Sales (P/S): 2.05
• P/FCF Ratio: 37.23
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹408.00
• Price Target Upside: -30.43% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: ₹408.00 ▼(-30.43% Downside)

The overall stock score of 54 reflects the mixed financial performance and neutral technical indicators. The primary concern is the negative valuation metrics, which weigh heavily on the stock's attractiveness. While there are positive aspects in revenue growth and cash flow, the lack of profitability and negative P/E ratio are significant drawbacks.

Ramco Systems Limited Business Overview & Revenue Model

Company Description

Ramco Systems Limited operates as an enterprise software company in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers Ramco Aviation Software, an enterprise-wide maintenance and engineering/maintenance repair and overhaul (MRO) software to address the needs of airlines, heli operators, defense, MROs, and eVTOL, and drones/UAS. It also provides Ramco ERP on Cloud, a suite of products that covers enterprise functions, such as manufacturing; financing, supply chain, human capital, customer relationship, enterprise asset, and project management; process control; analytics; advanced planning and optimization; and connectors. In addition, the company offers Ramco Enterprise Asset Management software allows to maintain, acquire, and manage their assets; Ramco Human Capital Management, a HR and payroll software; and Ramco Logistics Software, a cloud-based software that covers the needs of third-party logistics, freight forwarders, parcel/courier service providers, and network service providers. Further, it provides computer programming, consultancy, hosting, and related services. Ramco Systems Limited was founded in 1992 and is headquartered in Chennai, India.

How the Company Makes Money

Ramco Systems Limited generates revenue primarily through the sale of its software solutions and related services. The company's key revenue streams include licensing fees, subscription fees for its cloud-based services, and maintenance and support services for its software products. Additionally, Ramco engages in professional services such as consulting, implementation, and customization of its software solutions for clients. Partnerships with other technology companies and industry-specific service providers also play a significant role in expanding its market reach and contributing to its earnings.

Ramco Systems Limited Financial Statement Overview

Summary

Ramco Systems Limited shows a mixed financial picture. While there is positive revenue growth and operating cash flow, the company struggles with consistent profitability. The balance sheet is stable but affected by leverage and negative returns on equity. Improving profitability and cash flow consistency is crucial for better financial health.

Income Statement

The income statement shows a volatile performance with significant swings in profitability. Revenue growth has been inconsistent, with a notable increase in the most recent year. Despite a positive gross profit margin, the company has faced challenges in maintaining net profitability due to fluctuating EBIT and EBITDA margins. The net profit margin remains negative, reflecting ongoing profitability issues.

Balance Sheet

The balance sheet indicates a moderate financial position with stable equity but some concerns over leverage. The debt-to-equity ratio is manageable, indicating a balanced approach to financing. However, the return on equity is negative due to net losses, which may impact future financial flexibility. The equity ratio suggests a solid asset base supported by shareholder equity.

Cash Flow

Cash flow analysis reveals a positive trend in operating cash flow, which is encouraging for liquidity. Free cash flow growth has been inconsistent, but recent improvements are noteworthy. The operating cash flow to net income ratio is strong, indicating effective cash generation despite net losses. However, free cash flow to net income remains a concern due to negative earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.16B	5.91B	5.26B	4.92B	5.31B	6.26B
Gross Profit	3.59B	1.50B	2.49B	1.91B	2.51B	3.58B
EBITDA	915.26M	646.03M	-1.51B	-1.29B	80.86M	1.87B
Net Income	-136.56M	-342.48M	-2.42B	-2.07B	-733.59M	557.77M
Balance Sheet
Total Assets	0.00	6.69B	6.68B	9.33B	8.75B	9.41B
Cash, Cash Equivalents and Short-Term Investments	710.84M	726.39M	176.94M	723.85M	876.71M	153.41M
Total Debt	0.00	541.51M	627.01M	1.06B	555.92M	628.22M
Total Liabilities	-3.19B	3.49B	3.53B	3.97B	2.91B	2.86B
Stockholders Equity	3.19B	3.16B	3.11B	5.33B	5.81B	6.52B
Cash Flow
Free Cash Flow	0.00	325.64M	149.98M	-772.61M	41.87M	963.49M
Operating Cash Flow	0.00	1.13B	1.04B	402.92M	918.41M	1.66B
Investing Cash Flow	0.00	-1.06B	-766.98M	-1.27B	-850.91M	-660.66M
Financing Cash Flow	0.00	134.13M	-559.96M	1.48B	-94.52M	-1.03B

Ramco Systems Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 586.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAMCOSYS, the sentiment is Positive. The current price of 586.45 is above the 20-day moving average (MA) of 527.33, above the 50-day MA of 471.56, and above the 200-day MA of 400.44, indicating a bullish trend. The MACD of 29.17 indicates Negative momentum. The RSI at 67.31 is Neutral, neither overbought nor oversold. The STOCH value of 70.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RAMCOSYS.

Ramco Systems Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZENSARTECH	73 Outperform	₹177.93B	26.37	―	1.66%	8.36%	0.83%
PERSISTENT	72 Outperform	₹900.20B	53.59	―	0.61%	23.27%	33.09%
LTIM	68 Neutral	₹1.66T	34.11	―	1.96%	8.72%	4.54%
INTELLECT	66 Neutral	₹134.32B	37.96	―	0.72%	4.93%	15.12%
MPHASIS	66 Neutral	₹512.61B	29.38	―	2.11%	8.11%	10.73%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RAMCOSYS	54 Neutral	₹21.91B	―	―	―	17.66%	93.82%

Ramco Systems Limited Corporate Events

Ramco Systems Concludes Successful 28th AGM with All Resolutions Passed

Ramco Systems Limited held its 28th Annual General Meeting on August 13, 2025, via video conferencing, where all proposed resolutions were passed with the requisite majority. The meeting’s voting results and the scrutinizer’s report were submitted in compliance with relevant regulations, indicating the company’s adherence to corporate governance standards.

Ramco Systems Conducts 28th AGM Virtually, Emphasizing Stakeholder Engagement

Ramco Systems Limited held its 28th Annual General Meeting (AGM) on August 13, 2025, via video conferencing. The meeting was attended by key company directors and executives, including the Chairman, Managing Director, and Chief Financial Officer, as well as 67 members. The AGM proceedings were conducted in compliance with regulatory requirements, and the details have been made available on the company’s website. This meeting highlights Ramco’s commitment to maintaining transparency and engaging with its stakeholders effectively.