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Ramco Systems Limited (RAMCOSYS.NS)

INR815.45 -1.20 (-0.15%)
IN NSE Technology Software - Application
Address 64, Sardar Patel Road 600113
Chennai, IN
CEO R. Balaji
Website ramco.com
IPO 2002-08-12
ISIN INE246B01019

Explore sections of this company profile

Also trades on Bombay Stock Exchange · RAMCOSYS.BO (INR) National Stock Exchange of India · RAMCOSYS.NS (INR)
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 maintenance, engineering, and maintenance repair and overhaul (MRO) solution, specifically catering to the needs of airlines, helicopter operators, defense organizations, MRO providers, and emerging eVTOL and drone/UAS industries. Additionally, Ramco offers its ERP on Cloud, a comprehensive suite designed to manage various enterprise functions including manufacturing, finance, supply chain, human capital, customer relationships, enterprise assets, project management, process control, advanced analytics, planning and optimization, and system connectors. The company's portfolio also encompasses Ramco Enterprise Asset Management software, which empowers businesses to effectively acquire, maintain, and oversee their assets. For human resources and payroll processing, it provides Ramco Human Capital Management. Furthermore, Ramco Logistics Software is a cloud-based solution developed for third-party logistics companies, freight forwarders, parcel/courier services, and network service providers. Complementing its software offerings, Ramco Systems delivers services such as computer programming, professional consultancy, hosting, and related support. Established in 1992, Ramco Systems Limited is headquartered in Chennai, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR815.45 -1.20 (-0.15%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.65
Float Shares
12.90M
Free Float %
34.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+3.05% +22.75% +15.53% +5.49% -18.90% -14.67% +13.81% +121.02% -15.46% -31.03% +261.77%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
815.45
DCF (Levered) 41.84 -94.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.96
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    +18.5% Q1'26: +19.4% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    +219.3% Q1'26: +360.7% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    +12.7% Q1'26: +18.1% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    +8.3% Q1'26: +11.1% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    +18.4% Q1'26: +30.5% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    +2.5% Q1'26: +2.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    0.29× Q1'26: 0.24× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.64) × ERP
WACC = 98% × Ke + 2% × Kd (9.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 815.45
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
4.41B
est: 4.25B (+3.7%)
4.49B
est: 4.49B (0.0%)
4.69B
est: 4.69B (+0.0%)
5.42B
est: 5.42B (+0.0%)
5.69B
est: 5.92B (-3.9%)
6.26B
est: 6.51B (-3.7%)
5.31B
est: 5.40B (-1.6%)
4.92B
est: 4.92B (+0.0%)
5.26B
est: 5.20B (+1.1%)
5.91B
est: 5.80B (+2.0%)
6.90B
6.90B – 6.90B
+19.0% YoY
7.70B
7.70B – 7.70B
+11.6% YoY
8.60B
8.60B – 8.60B
+11.7% YoY
EBITDA
833.08M
est: -110.24M (+855.7%)
199.47M
est: -116.49M (+271.2%)
867.46M
est: -121.68M (+812.9%)
976.63M
est: -140.58M (+794.7%)
1.13B
est: -153.46M (+839.2%)
1.87B
est: -168.72M (+1,210.7%)
80.86M
est: -140.04M (+157.7%)
-1.31B
est: 745.56M (-275.1%)
-1.51B
est: -134.85M (-1,023.2%)
646.03M
est: -250.33M (+358.1%)
-297.80M
-297.80M – -297.80M
-19.0% YoY
-332.33M
-332.33M – -332.33M
-11.6% YoY
-371.18M
-371.18M – -371.18M
-11.7% YoY
EBIT
366.73M
est: -724.98M (+150.6%)
-291.12M
est: -766.08M (+62.0%)
355.75M
est: -800.19M (+144.5%)
465.75M
est: -924.51M (+150.4%)
469.83M
est: -1.01B (+146.6%)
1.18B
est: -1.11B (+206.6%)
-668.21M
est: -920.93M (+27.4%)
-2.11B
est: 301.22M (-799.5%)
-2.36B
est: -886.82M (-166.1%)
-229.91M
est: -1.11B (+79.3%)
-1.32B
-1.32B – -1.32B
-19.0% YoY
-1.48B
-1.48B – -1.48B
-11.6% YoY
-1.65B
-1.65B – -1.65B
-11.7% YoY
Net Income
241.44M
est: 377.28M (-36.0%)
106.65M
est: 131.86M (-19.1%)
112.85M
est: 736.24M (-84.7%)
163.78M
est: 794.85M (-79.4%)
101.74M
est: 276.55M (-63.2%)
557.77M
est: 739.91M (-24.6%)
-733.59M
est: -794.85M (+7.7%)
-2.07B
est: 101.73M (-2,133.1%)
-2.42B
est: -2.36B (-2.6%)
-342.48M
est: -502.84M (+31.9%)
465.31M
465.31M – 465.31M
+192.5% YoY
521.60M
521.60M – 521.60M
+12.1% YoY
758.01M
758.01M – 758.01M
+45.3% YoY
SGA
563.29M
est: 368.05M (+53.0%)
510.17M
est: 388.92M (+31.2%)
480.11M
est: 406.23M (+18.2%)
484.21M
est: 5.10B (-90.5%)
427.13M
est: 512.37M (-16.6%)
339.71M
est: 563.29M (-39.7%)
451.02M
est: 4.27B (-89.4%)
593.79M
est: 4.30B (-86.2%)
508.91M
est: 450.22M (+13.0%)
451.33M
est: 796.68M (-43.3%)
947.77M
947.77M – 947.77M
+19.0% YoY
1.06B
1.06B – 1.06B
+11.6% YoY
1.18B
1.18B – 1.18B
+11.7% YoY
EPS
8.22
est: 10.30 (-20.2%)
3.54
est: 3.60 (-1.7%)
3.70
est: 20.10 (-81.6%)
5.36
est: 21.70 (-75.3%)
3.32
est: 7.55 (-56.0%)
18.20
est: 20.20 (-9.9%)
-23.87
est: -21.70 (-10.0%)
-65.60
est: -65.70 (+0.2%)
-68.51
est: -64.40 (-6.4%)
-9.35
est: -13.40 (+30.2%)
12.40
12.40 – 12.40
+192.5% YoY
13.90
13.90 – 13.90
+12.1% YoY
20.20
20.20 – 20.20
+45.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-25 B+ 3/5 3/5 4/5 4/5 3/5 2/5 2/5
2026-05-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
471.87M
OE per share TTM
12.66
Owner's Yield
2.61%
Maintenance CapEx ratio
296.48%
Maint CapEx / Avg PPE
12.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
328.2K
Shares Outstanding
37.56M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Poosapadi Venketrama Raja Abinav Ramasubramaniam Raja MD & Whole-Time Director 2M male
Poosapadi Ramasubrahmaneya Rajha Venketrama Raja Founder & Chairman 475.0K male
R. Rajiv Kumar Chief Human Resources Officer male
R. Ravi Kula Chandran Chief Financial Officer male
Raghuveer Sandesh Bilagi President & Chief Operating Officer male
Ravi Ramachandran Vice President male
S. R. Srirama Raja Chief Technology Officer & Senior Vice President male
Mithun V. Company Secretary & Compliance Officer male
Tarun Devasia Chief Marketing Officer
R. Balaji Chief Executive Officer of Core ERP male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits