Incorporated in 1997, Ramco SystemsLtd develops ERP Software solutions,and provides that with related solutionsand services[1]
Business Overview:[1][2]RSL is a part of the Ramco Group. It provides multi-tenant cloud and mobile-based enterprise software in the area of customised Global Payroll, ERP, Logistics and M&E MRO for Aviation, SRP, and EAM services, etc. It has expertise in catering to the aviation sector and has forayed into the US defence sector.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Oracle Fin.Serv. | 7534.00 | 27.62 | 65558.54 | 3.52 | 546.10 | -5.47 | 1788.80 | 6.86 | 40.60 | 7072.50 | 43.55 | 2373.20 | 546.10 | 8.89 | 24.01 | 0.00 |
| 2. | C.E. Info System | 1521.25 | 57.17 | 8324.53 | 0.23 | 18.52 | -38.97 | 113.77 | 9.74 | 24.13 | 493.47 | 35.90 | 145.63 | 18.51 | 10.00 | 14.74 | 0.01 |
| 3. | Tanla Platforms | 484.40 | 13.41 | 6423.98 | 2.47 | 125.05 | -3.96 | 1078.48 | 7.77 | 29.19 | 4143.93 | 16.13 | 479.30 | 125.05 | 2.84 | 15.99 | 0.03 |
| 4. | Capillary Tech. | 635.75 | 356.34 | 5042.25 | 0.00 | 1.03 | – | 359.22 | – | 2.88 | 598.26 | 10.86 | 14.15 | 1.03 | – | 1.66 | 0.17 |
| 5. | Technvision Ven. | 5966.60 | 2950.41 | 3747.03 | 0.00 | 0.71 | 127.52 | 71.23 | 29.30 | 9.81 | 248.16 | 2.38 | 1.27 | 0.71 | 335.48 | 0.07 | 0.87 |
| 6. | Nucleus Soft. | 910.40 | 14.87 | 2396.65 | 1.37 | 26.29 | -20.48 | 213.51 | 5.59 | 22.60 | 865.89 | 19.07 | 161.23 | 26.29 | 2.82 | 11.81 | 0.01 |
| 7. | Ramco Systems | 480.55 | 79.80 | 1797.83 | 0.00 | 0.94 | 114.16 | 86.78 | 7.63 | -0.76 | 353.28 | 34.93 | 22.53 | 0.94 | 2.26 | -1.07 | 0.05 |
| – | Median: 26 Co. | 209.45 | 43.96 | 568.61 | 0.0 | 3.58 | 29.31 | 58.05 | 13.65 | 9.81 | 166.91 | 16.77 | 8.32 | 2.44 | 2.84 | 6.28 | 0.06 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 56.37 | 66.12 | 63.03 | 65.24 | 57.29 | 69.03 | 82.63 | 65.67 | 80.63 | 94.19 | 84.54 | 87.77 | 86.78 |
Expenses | 75.24 | 73.30 | 77.94 | 77.35 | 101.54 | 67.61 | 63.09 | 66.68 | 65.86 | 62.02 | 43.03 | 60.91 | 63.93 |
Operating Profit | -18.87 | -7.18 | -14.91 | -12.11 | -44.25 | 1.42 | 19.54 | -1.01 | 14.77 | 32.17 | 41.51 | 26.86 | 22.85 |
Other Income | 1.15 | 1.15 | 1.92 | 0.37 | 0.32 | 0.37 | 0.44 | 1.19 | 0.73 | 0.75 | 0.57 | 3.24 | 0.92 |
Profit before tax | -38.33 | -27.88 | -34.25 | -32.98 | -64.96 | -19.31 | -2.40 | -21.18 | -6.98 | 10.48 | 7.10 | 8.40 | 1.42 |
Tax % | -5.06% | -4.99% | -28.53% | -5.28% | -5.14% | -5.49% | -13.75% | -4.91% | -4.87% | 5.06% | 4.79% | 41.90% | 33.10% |
Net Profit | -36.38 | -26.49 | -24.48 | -31.24 | -61.61 | -18.25 | -2.08 | -20.14 | -6.64 | 9.94 | 6.77 | 4.88 | 0.94 |
EPS in Rs | -11.81 | -8.60 | -6.95 | -8.86 | -17.45 | -5.16 | -0.59 | -5.68 | -1.79 | 2.67 | 1.82 | 1.31 | 0.25 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 161 | 223 | 262 | 278 | 285 | 316 | 306 | 345 | 280 | 248 | 274 | 325 | 353 |
Expenses | 137 | 166 | 195 | 230 | 163 | 197 | 187 | 202 | 274 | 297 | 309 | 237 | 230 |
Operating Profit | 24 | 57 | 67 | 48 | 122 | 118 | 119 | 143 | 6 | -49 | -35 | 88 | 123 |
Other Income | 6 | 1 | 3 | 10 | 13 | 9 | 14 | 9 | 10 | 6 | 1 | 3 | 5 |
Interest | 12 | 12 | 4 | 2 | 2 | 4 | 11 | 8 | 5 | 9 | 6 | 4 | 4 |
Depreciation | 37 | 44 | 45 | 46 | 49 | 49 | 61 | 63 | 70 | 74 | 80 | 97 | 98 |
Profit before tax | -19 | 2 | 21 | 9 | 85 | 74 | 61 | 81 | -58 | -126 | -120 | -11 | 27 |
Net Profit | -19 | 2 | 14 | 51 | 66 | 52 | 25 | 44 | -50 | -113 | -113 | -10 | 23 |
EPS in Rs | -8.07 | 0.64 | 4.77 | 16.67 | 21.56 | 16.96 | 8.13 | 14.40 | -16.22 | -32.08 | -31.95 | -2.70 | 6.05 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 24 | 30 | 30 | 31 | 31 | 31 | 31 | 31 | 35 | 35 | 37 | 37 |
Reserves | 116 | 240 | 588 | 655 | 724 | 776 | 799 | 846 | 794 | 821 | 721 | 750 | 758 |
Borrowings | 366 | 298 | 0 | 5 | 37 | 80 | 152 | 53 | 46 | 96 | 54 | 45 | 42 |
Other Liabilities | 52 | 56 | 68 | 49 | 59 | 58 | 69 | 99 | 106 | 123 | 123 | 123 | 139 |
Total Liabilities | 550 | 618 | 685 | 739 | 851 | 945 | 1,051 | 1,028 | 977 | 1,076 | 933 | 955 | 977 |
Fixed Assets | 252 | 273 | 271 | 263 | 257 | 260 | 322 | 328 | 345 | 408 | 419 | 403 | 404 |
Gross Block | 459 | 522 | 566 | 604 | 592 | 643 | 757 | 825 | 912 | 1,044 | 1,134 | 1,209 | – |
Accumulated Depreciation | 207 | 250 | 295 | 341 | 335 | 383 | 435 | 497 | 567 | 637 | 716 | 805 | – |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 124 | 124 | 144 | 180 | 302 | 302 | 369 | 369 | 369 | 403 | 392 | 433 | 460 |
Other Assets | 174 | 221 | 271 | 296 | 292 | 382 | 360 | 331 | 263 | 265 | 122 | 118 | 113 |
Total Assets | 550 | 618 | 685 | 739 | 851 | 945 | 1,051 | 1,028 | 977 | 1,076 | 933 | 955 | 977 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | -7 | 30 | 57 | 102 | 98 | 62 | 105 | 144 | 79 | -18 | 74 | 101 |
Cash from Investing Activity | -37 | -54 | -80 | -110 | -130 | -103 | -101 | -41 | -69 | -83 | -68 | -121 |
Cash from Financing Activity | 42 | 24 | 22 | 8 | 33 | 41 | -3 | -104 | -9 | 152 | -51 | 19 |
Net Cash Flow | -2 | -0 | -1 | 0 | 1 | -0 | 1 | -1 | 1 | 51 | -45 | -1 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 219 | 200 | 205 | 154 | 148 | 181 | 162 | 124 | 90 | 124 | 82 | 64 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 219 | 200 | 205 | 154 | 148 | 181 | 162 | 124 | 90 | 124 | 82 | 64 |
Working Capital Days | -183 | 117 | 258 | 240 | 170 | 209 | 189 | 213 | 176 | 27 | -10 | -23 |
ROCE % | -1% | 3% | 4% | 2% | 12% | 9% | 8% | 9% | -6% | -13% | -13% | -1% |
Direct from BSE filings, auto-summarised
External media mentions & references
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Stock Analysis
Ramco Systems Limited is a part of the Ramco Group, providing multi-tenant cloud and mobile-based enterprise software solutions. Its offerings include Global Payroll, ERP, Logistics, and M&E MRO for Aviation, SRP, and EAM services. The company has a strong focus on the aviation sector and has also ventured into the US defence sector.
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