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Ramco Systems Limited
(RAMCOSYS)
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Rating:57Neutral
Price Target:
₹540.00
▼(-23.54% Downside)
Action:Reiterated
Date:10/29/26
The score is primarily supported by improving financial performance (profitability and cash flow recovery alongside low leverage), but it is held back by weak technical momentum (below major moving averages with negative MACD) and stretched valuation (high P/E with no dividend yield provided).
Positive Factors
Profitability Recovery
The return to positive earnings after several loss-making years indicates a meaningful improvement in the operating model. If maintained, the restored operating margin can support reinvestment, strengthen resilience, and improve the company’s ability to compound enterprise software revenue over coming quarters.
Negative Factors
Earnings Volatility
The sequence of substantial losses before the latest recovery makes the durability of current margins less certain. Persistent earnings volatility can complicate planning, reduce confidence in near-term profitability, and limit the company’s ability to consistently fund growth from operating results.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The return to positive earnings after several loss-making years indicates a meaningful improvement in the operating model. If maintained, the restored operating margin can support reinvestment, strengthen resilience, and improve the company’s ability to compound enterprise software revenue over coming quarters.
Read all positive factors
Ramco Systems Limited (RAMCOSYS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.00B
Dividend YieldN/A
Average Volume (3M)4.50K
Price to Earnings (P/E)68.2
Beta (1Y)1.90
Revenue Growth10.73%
EPS Growth236.66%
CountryIN
Employees1,442
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)7.80
Shares Outstanding37,632,650
10 Day Avg. Volume5,689
30 Day Avg. Volume4,504
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 | 7.19B | 7.01B | 5.91B | 5.26B | 4.92B | 5.31B |
| Gross Profit | 3.02B | 2.86B | 1.50B | 2.49B | 1.91B | 2.51B |
| EBITDA | 1.23B | 1.36B | 637.73M | -1.51B | -1.31B | 80.86M |
| Net Income | 291.51M | 418.40M | -342.48M | -2.42B | -2.07B | -733.59M |
Balance Sheet | ||||||
| Total Assets | 7.41B | 7.45B | 6.69B | 6.68B | 9.33B | 8.75B |
| Cash, Cash Equivalents and Short-Term Investments | 1.31B | 1.23B | 726.39M | 176.94M | 723.85M | 876.71M |
| Total Debt | 485.55M | 428.26M | 541.51M | 627.01M | 1.06B | 555.92M |
| Total Liabilities | 3.87B | 3.91B | 3.49B | 3.53B | 3.97B | 2.91B |
| Stockholders Equity | 3.50B | 3.50B | 3.16B | 3.11B | 5.33B | 5.81B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 610.31M | 325.64M | 149.98M | -772.61M | 41.87M |
| Operating Cash Flow | 0.00 | 1.38B | 1.13B | 1.04B | 402.92M | 918.41M |
| Investing Cash Flow | 0.00 | -496.88M | -1.06B | -766.98M | -1.27B | -850.91M |
| Financing Cash Flow | 0.00 | -182.26M | 134.13M | -559.96M | 1.48B | -94.52M |
Ramco Systems Limited Technical Analysis
Negative
706.25
Price Trends
564.81
Negative
624.12
Negative
534.74
Negative
Market Momentum
-14.68
Positive
43.79
Neutral
32.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAMCOSYS, the sentiment is Negative. The current price of 706.25 is above the 20-day moving average (MA) of 547.71, above the 50-day MA of 564.81, and above the 200-day MA of 534.74, indicating a bearish trend. The MACD of -14.68 indicates Positive momentum. The RSI at 43.79 is Neutral, neither overbought nor oversold. The STOCH value of 32.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RAMCOSYS.
Ramco Systems Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹13.58B | 6.44 | ― | 0.71% | 35.59% | 40.03% | |
74 Outperform | ₹64.93B | 20.15 | ― | 1.32% | 6.49% | -3.73% | |
73 Outperform | ₹236.77B | 35.36 | ― | 1.97% | 10.01% | -0.08% | |
62 Neutral | ₹84.71B | 23.78 | ― | 0.66% | 22.59% | -0.57% | |
60 Neutral | ₹5.95B | 6.73 | ― | 0.46% | 9.34% | 2.71% | |
57 Neutral | ₹20.00B | 68.17 | ― | ― | 10.73% | 236.66% | |
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 Board to Review Q2 FY27 Results; Trading Window Stays Shut
Oct 16, 2026
Ramco Systems Limited has scheduled a meeting of its Board of Directors in Chennai on October 23, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The ...
Ramco Systems Shareholders Clear 2026 Employee Stock Option Plan
Aug 21, 2026
Ramco Systems Limited has received shareholder approval for its Employee Stock Option Scheme 2026 at the company’s 29th Annual General Meeting held on August 20, 2026. The scheme covers up to 1.5 million stock options, each convertible into ...
Ramco Systems holds 29th AGM via video conferencing with full board and auditors in attendance
Aug 20, 2026
Ramco Systems Limited convened its 29th Annual General Meeting on August 20, 2026 via video conferencing, reflecting continued reliance on virtual formats for shareholder engagement. The meeting was attended by 67 shareholders and featured the ful...
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.