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Ramco Systems Limited
(RAMCOSYS)
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Rating:56Neutral
Price Target:
₹691.00
▼(-2.16% Downside)
Action:Reiterated
Date:07/29/26
The score is supported primarily by improving financial performance in FY2026 (return to profitability, stronger cash flow, and low leverage). Offsetting this, technicals are weak in the near term (price below 20/50-day averages), and valuation is stretched with a high P/E and no dividend yield data.
Positive Factors
Profitability Turnaround
The shift to positive operating and net margins in FY2026 indicates the business can generate sustainable profits from its core software and services. Durable margins enable reinvestment in product, sales and support, and improve return on capital, bolstering long-term viability.
Negative Factors
Earnings Volatility
Repeated multi-year swings between profits and losses signal structural execution or demand variability. That volatility undermines forecasting, may deter large enterprise contracts, and raises the risk that margins and earnings could revert under stress or slower sales cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Turnaround
The shift to positive operating and net margins in FY2026 indicates the business can generate sustainable profits from its core software and services. Durable margins enable reinvestment in product, sales and support, and improve return on capital, bolstering long-term viability.
Read all positive factors
Ramco Systems Limited (RAMCOSYS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹22.46B
Dividend YieldN/A
Average Volume (3M)14.88K
Price to Earnings (P/E)55.0
Beta (1Y)1.75
Revenue Growth15.71%
EPS GrowthN/A
CountryIN
Employees1,442
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)11.10
Shares Outstanding37,596,664
10 Day Avg. Volume9,637
30 Day Avg. Volume14,879
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)3.68
Price to Sales (P/S)1.84
P/FCF Ratio21.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)15
Revenue Forecast (FY)₹7.90B
Ramco Systems Limited Business Overview & Revenue Model
Company Description
Ramco Systems Limited is an international enterprise software provider, maintaining a presence across the Americas, Europe, Asia-Pacific, the Middle East, and Africa. The company's flagship product, Ramco Aviation Software, offers an extensive mai...
How the Company Makes Money
Ramco Systems makes money primarily by licensing and subscribing customers to its enterprise software products and by providing services required to implement and operate those products.
Key revenue streams typically include:
1) Software subscrip...
Ramco Systems Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.12B | 7.01B | 5.91B | 5.26B | 4.92B | 5.31B |
| Gross Profit | 3.18B | 2.86B | 1.50B | 2.49B | 1.91B | 2.51B |
| EBITDA | 1.39B | 1.48B | 646.03M | -1.51B | -1.31B | 80.86M |
| Net Income | 414.98M | 418.40M | -342.48M | -2.42B | -2.07B | -733.59M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 7.45B | 6.69B | 6.68B | 9.33B | 8.75B |
| Cash, Cash Equivalents and Short-Term Investments | 1.26B | 1.23B | 726.39M | 176.94M | 723.85M | 876.71M |
| Total Debt | 0.00 | 428.26M | 541.51M | 627.01M | 1.06B | 555.92M |
| Total Liabilities | -3.54B | 3.91B | 3.49B | 3.53B | 3.97B | 2.91B |
| Stockholders Equity | 3.54B | 3.50B | 3.16B | 3.11B | 5.33B | 5.81B |
Cash Flow | ||||||
| Free Cash Flow | 334.85M | 610.31M | 325.64M | 149.98M | -772.61M | 41.87M |
| Operating Cash Flow | 750.13M | 1.38B | 1.13B | 1.04B | 402.92M | 918.41M |
| Investing Cash Flow | -676.61M | -496.88M | -1.06B | -766.98M | -1.27B | -850.91M |
| Financing Cash Flow | -87.09M | -182.26M | 134.13M | -559.96M | 1.48B | -94.52M |
Ramco Systems Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹73.04B | 22.80 | ― | 1.18% | 7.88% | -1.77% | |
75 Outperform | ₹15.09B | 7.14 | ― | 0.64% | 35.35% | 59.52% | |
70 Outperform | ₹211.06B | 32.44 | ― | 2.20% | 5.19% | -12.17% | |
62 Neutral | ₹95.96B | 27.02 | ― | 0.59% | 22.59% | -0.57% | |
61 Neutral | ₹7.19B | 8.09 | ― | 0.46% | 9.34% | 2.71% | |
56 Neutral | ₹22.46B | 55.01 | ― | ― | 15.71% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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Ramco Systems Limited Corporate Events
Ramco Systems Sets August 20 AGM, Proposes New ESOP Plan
Jul 25, 2026
Ramco Systems Limited has scheduled its 29th Annual General Meeting for August 20, 2026, to be conducted via video conferencing, with remote e-voting available to shareholders from August 17 to 19, 2026. The AGM will consider adoption of the compa...
Ramco Systems Expands Equity Base Through Employee Stock Option Allotment
Jul 23, 2026
Ramco Systems Limited has marginally expanded its equity base through the allotment of 12,686 shares to employees exercising options granted under its ESOS 2013, ESOS 2014 and ESOS 2022 schemes. The paid-up equity share capital has risen from Rs. ...
Ramco Systems boosts FY26 revenue and margins on recurring and AI-led growth
May 21, 2026
Ramco Systems reported global consolidated income of about USD 80.7 million for FY 2025-26, with revenue growth of 13% year-on-year and net profit after tax of USD 4.77 million, reflecting a turnaround in profitability. The company’s EBITDA ...
Ramco Systems Allots 24,587 Shares on Employee Stock Option Exercise
May 21, 2026
Ramco Systems Limited has approved the allotment of 24,587 equity shares following the exercise of employee stock options granted under its 2013, 2014, and 2022 Employee Stock Option Schemes. As a result, the company’s paid-up equity share c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.