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Ramco Systems (RAMCOSYS) had a P/E of 67.8× on 6 Nov 2026, above the industry P/E of 27.7×, and the shares are 46% below their 52-week high. Sales grew 13% a year over 3 years, with ROCE of 12% and ROE of 8.6%. Debt is 0.14× equity. It is a small-cap company with a market cap of ₹1,979 Cr, ranked 20th of 74 Software (Application) companies by market cap; the shares fell 10% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹539.00
Day high
₹539.00
Day low
₹510.55
Prev. close
₹544.40
Volume
81.7K

Health check

1 good · 2 fair · 3 to check
  • ReturnsIn line

    −10.1% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 67.8 vs industry 27.7.

  • GrowthSlow

    Sales +12.5% a year over 3 years.

  • ProfitabilityAverage

    ROCE 11.9% vs peer median 12.6%.

  • Balance sheetSolid

    Debt 0.14× equity, interest covered 13.2×, Piotroski 6 of 9.

  • Red flags3 to check

    Quarterly profit down 98.0% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Software - Application

73 listed peers. Screen the industry

Small cap

₹1,979 Cr, #20 of 74 in its industry by size.

Defensive

Beta 0.61 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹717 Cr · profit ₹29 Cr
Market cap
₹1,979 Cr
Small cap
P/E
67.8
Industry 27.7
Price to book
5.28
Peers 8.24
Dividend yield
0.00%
ROE
8.6%
Peers 15.3%
ROCE
11.9%
Peers 12.6%
Debt to equity
0.14
Debt ₹49 Cr
EPS (TTM)
₹7.76
Face value ₹10
OPM (TTM)
17.1%
Net margin 4.1%
Sales growth
+3.5%
Latest quarter vs a year ago
Profit growth
−98.0%
Latest quarter vs a year ago
Price to sales
2.76
EV/EBITDA 24.1

Strengths and risks

Strengths

  • Positive operating cash flow in each of the last 4 years.
  • Promoter stake up from 53.1% to 55.4%.

Risks to check

  • Quarterly profit down 98.0% on a year ago.
  • P/E of 67.8 against an industry P/E of 27.7.
  • 46% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Ramco Systems

Ramco Systems Limited operates as an enterprise software company in the United States, Europe, the Asia-Pacific, India, and the Middle East, and Africa. The company provides aviation, aerospace & defense that includes maintenance, repair, and overhaul; engine MRO; maintenance & engineering; defense asset management; flight operations; and feet technical management. The company also offers ERP, including enterprise asset management, production, finance,…

Headquarters
Chennai
Employees
1,442
Sector
Technology
ISIN
INE246B01019
Website
ramco.com

Price range

52 weeks

₹342.10₹967.50

Today

₹510.55₹539.00
Avg volume (3M)
99.7K
1-year return
minus 10.1%
From 52-week high
minus 45.6%

Peers · Software - Application

Compare with peersScreen the whole industry
Company
TATAELXSITata Elxsi3,855.00minus 1.66%24,01935.88.2426.2%23.9%22.7%6.1%−5.9%1.95%minus 27.2%
URBANCOUrban Company158.12minus 0.25%23,446–12.14−7.2%−21.5%−22.9%34.7%–0.00%plus 6.5%
KFINTECHKfin Technologies915.80minus 1.14%15,83545.69.7518.9%22.6%38.1%22.5%20.6%1.31%minus 13.4%
KPITTECHKPIT Technologies540.45plus 0.12%14,71327.73.9921.3%15.3%26.7%24.2%18.7%1.39%minus 53.3%
BBOXBlack Box810.95minus 5.36%14,40262.211.1812.6%21.3%9.0%0.2%109.3%0.12%plus 56.1%
AMAGIAmagi Media Labs568.25minus 0.04%12,293119.96.745.0%6.3%3.9%30.3%–0.00%plus 63.2%
BLACKBUCKBLACKBUCK557.55plus 3.06%10,16156.46.7111.7%12.8%23.9%53.9%–0.00%minus 17.3%
RAMCOSYSRamco Systems525.95minus 3.39%1,97967.85.2811.9%8.6%38.1%12.5%–0.00%minus 10.1%
Median of 7 peers–−0.25%14,71351.08.2412.6%15.3%22.7%24.2%19.7%0.12%−13.4%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
176178185173182
135154142145155
40.724.943.827.327.1
23.2%14.0%23.6%15.8%14.9%
021.52.30.30
110.911
22.923.123.123.223.6
–−21.5–––
16.80.822.13.42.5
25.0%−305.6%−13.9%83.7%82.3%
12.63.3250.60.2
3.370.866.680.160.06

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+12.5%
ROE
8.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
492526591701
–+6.8%+12.5%+18.5%
623660526546
−131−13465.2155
−26.6%−25.5%11.0%22.1%
0.3−11.220.815.2
106.24.94
80.189.786.883.1
−0.2−2.7−20.8−34.1
−221−244−26.549
6.3%0.8%−29.3%14.1%
−207−242−34.241.8
-65.60-68.51-9.3511.15

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
35.335.537.337.5
498276278312
10662.754.242.8
294294299353
933668669745
82.57362.252.6
––0.30.3
0.40.40.40.5
72.417.771.1123
778577535569
933668669745

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
40.3104113134
−127−76.7−106−46.2
148−5613.4−18.2
60.9−28.920.470
−118−88.8−80.8−76.9
−77.31532.657.6

Shareholding pattern

Source: NSE filings
55.4%
promoters
  • Promoters55.44%
  • Public44.56%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202655.44%44.56%minus 0.07
30 Jun 202655.51%44.49%minus 0.17
31 Mar 202655.68%44.32%plus 2.65
31 Dec 202553.03%46.97%minus 0.07
30 Sep 202553.10%46.90%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you