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Swing Capital

Ramco Systems Ltd

NSE: RAMCOSYS BSE: 532370IT / Software

Incorporated in 1997, Ramco Systems Ltd develops ERP Software solutions, and provides that with related solutions and services[1]

₹385
52W: ₹342 — ₹682
PE 65.4 · Book ₹213 · +81% vs book
Market Cap₹1,447 Cr
Stock P/E65.4Price to Earnings
ROCE0.76%Return on Capital
ROE1.31%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Debtor days have improved from 90.4 to 64.3 days.
  • +Promoter holding has increased by 2.65% over last quarter.

Weaknesses

  • −The company has delivered a poor sales growth of 1.22% over past five years.
  • −Company has a low return on equity of -9.77% over last 3 years.

Shareholding Pattern

Promoters55.69%
FIIs10.02%
DIIs2.03%
Public32.27%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters51.79%53.43%▲1.653.37%▼0.153.21%▼0.253.17%▼0.053.1%▼0.153.03%▼0.155.69%▲2.7
FIIs10%9.65%▼0.39.68%▲0.09.6%▼0.19.89%▲0.39.88%▼0.09.95%▲0.110.02%▲0.1
DIIs5.9%5.65%▼0.35.64%▼0.05.62%▼0.05.62%5.77%▲0.15.78%▲0.02.03%▼3.8
Public32.31%31.28%▼1.031.3%▲0.031.58%▲0.331.34%▼0.231.27%▼0.131.25%▼0.032.27%▲1.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales57698366819485888791
Expenses102686367666243616463
Operating Profit-44120-1153242272328
OPM %-77%2%24%-2%18%34%49%31%26%30%
Net Profit-62-18-2-20-710751-12
EPS ₹-17.45-5.16-0.59-5.68-1.792.671.821.310.25-3.2

AI Insights

Revenue Trend

TTM revenue at ₹350Cr, up 7.7% YoY. OPM at 34%.

Debt Position

Borrowings at ₹42Cr. Debt-to-equity ratio: 0.06x. Healthy balance sheet.

Institutional Flow

DIIs: 2.03% (-3.91pp change). FIIs: 10.02% (+2.04pp change). Promoters hold 55.69%.

Margin & Efficiency

ROCE improving from -1% (Mar 2014) to -1% (Mar 2025). Working capital days: -23.

Valuation

PE 65.4x with 0.76% ROCE. Price is 81% above book value of ₹213. Dividend yield: 0%.

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