Ramco Systems Ltd

Ramco Systems Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ramco Systems Ltd

₹ 364 1.22%
03 Jul - close price
ramco.com BSE: 532370 NSE: RAMCOSYS
About

Ramco Systems is an enterprise software player having multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation. The company is a part of Ramco Group. It is headquartered in Chennai, and has around 1800+ employees spread across 24 offices globally. [1][2][3]

Key Points

Product Portfolio (FY22)
Ramco ERP (33%): This product line provides ERP (Enterprise Resource Planning) solutions by focusing on customer payment payroll, Sales performance dashboard, Calendars, and Logistics.
Ramco HRP (35%): It works on digital transformation in the HR and Payroll (HRP) domain by building a suite of products spanning core HR, global payroll, time & attendance, and managed services.
Ramco Aviation (32%): The product is focused to address the unique business needs of civil and defense companies. It works on tech records, inventory management, work reporting, risk assessment-related mitigation, and fleet availability hub. [1] [2] [3] [4]

Website BSE NSE - BE
  • Market Cap ₹ 1,296 Cr.
  • Current Price ₹ 364
  • High / Low ₹ 450 / 246
  • Stock P/E
  • Book Value ₹ 214
  • Dividend Yield 0.00 %
  • ROCE -13.0 %
  • ROE -14.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.78% over past five years.
  • Company has a low return on equity of -11.0% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
88.04 68.90 73.54 65.73 71.43 62.29 56.37 66.12 63.03 65.24 57.29 69.03 82.63
54.43 58.91 76.99 64.21 73.74 70.86 75.24 73.30 77.94 77.35 101.54 67.61 63.09
Operating Profit 33.61 9.99 -3.45 1.52 -2.31 -8.57 -18.87 -7.18 -14.91 -12.11 -44.25 1.42 19.54
OPM % 38.18% 14.50% -4.69% 2.31% -3.23% -13.76% -33.48% -10.86% -23.66% -18.56% -77.24% 2.06% 23.65%
2.16 2.19 4.13 2.19 1.91 1.82 1.15 1.15 1.92 0.37 0.32 0.37 0.44
Interest 1.23 1.17 1.21 1.14 1.15 1.20 1.97 2.83 2.74 1.41 1.37 1.44 1.13
Depreciation 15.66 17.16 17.66 17.65 17.40 17.74 18.64 19.02 18.52 19.83 19.66 19.66 21.25
Profit before tax 18.88 -6.15 -18.19 -15.08 -18.95 -25.69 -38.33 -27.88 -34.25 -32.98 -64.96 -19.31 -2.40
Tax % 43.86% 0.00% 5.50% 26.53% 17.89% 0.16% 5.06% 4.99% 28.53% 5.28% 5.14% 5.49% 13.75%
10.60 -6.15 -17.19 -11.08 -15.55 -25.65 -36.38 -26.49 -24.48 -31.24 -61.61 -18.25 -2.08
EPS in Rs 3.45 -2.00 -5.59 -3.60 -5.05 -8.32 -11.81 -8.60 -6.95 -8.86 -17.45 -5.16 -0.59
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
169 161 223 262 278 285 316 306 345 280 248 274
155 137 166 195 230 163 197 187 202 274 297 310
Operating Profit 14 24 57 67 48 122 118 119 143 6 -49 -35
OPM % 8% 15% 26% 26% 17% 43% 38% 39% 41% 2% -20% -13%
6 6 1 3 10 13 9 14 9 10 6 1
Interest 6 12 12 4 2 2 4 11 8 5 9 5
Depreciation 32 37 44 45 46 49 49 61 63 70 74 80
Profit before tax -19 -19 2 21 9 85 74 61 81 -58 -126 -120
Tax % 0% 0% 20% 31% -450% 22% 29% 59% 46% 14% 10% 5%
-19 -19 2 14 51 66 52 25 44 -50 -113 -113
EPS in Rs -7.97 -8.07 0.64 4.77 16.67 21.56 16.96 8.13 14.40 -16.22 -32.08 -31.95
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: -3%
3 Years: -7%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 0%
Stock Price CAGR
10 Years: 4%
5 Years: 11%
3 Years: -17%
1 Year: 38%
Return on Equity
10 Years: 0%
5 Years: -5%
3 Years: -11%
Last Year: -14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 16 16 24 30 30 31 31 31 31 31 35 35
Reserves 134 116 240 588 655 724 776 799 846 794 821 721
286 366 298 0 5 37 80 152 53 46 96 54
58 52 56 68 49 59 58 69 99 106 123 123
Total Liabilities 495 550 618 685 739 851 945 1,051 1,028 977 1,076 933
224 252 273 271 263 257 260 322 328 345 408 419
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 124 124 124 144 180 302 302 369 369 369 403 392
147 174 221 271 296 292 382 360 331 263 265 122
Total Assets 495 550 618 685 739 851 945 1,051 1,028 977 1,076 933

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-4 -7 30 57 102 98 62 105 144 79 -18 74
-53 -37 -54 -80 -110 -130 -103 -101 -41 -69 -83 -64
59 42 24 22 8 33 41 -3 -104 -9 152 -51
Net Cash Flow 2 -2 -0 -1 0 1 -0 1 -1 1 51 -40

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 173 219 200 205 154 148 181 162 124 90 124 82
Inventory Days
Days Payable
Cash Conversion Cycle 173 219 200 205 154 148 181 162 124 90 124 82
Working Capital Days 182 134 205 258 247 217 302 295 220 185 95 2
ROCE % -3% -1% 3% 4% 2% 12% 9% 8% 9% -6% -13%

Shareholding Pattern

Numbers in percentages

16 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.45% 54.42% 54.38% 54.28% 54.27% 54.28% 54.27% 52.14% 52.12% 52.02% 51.96% 51.89%
1.30% 0.58% 0.17% 0.28% 0.10% 0.07% 0.07% 7.83% 7.98% 9.69% 10.09% 10.06%
9.20% 9.78% 9.77% 8.08% 7.91% 7.91% 7.39% 6.21% 5.94% 5.93% 5.94% 5.91%
35.05% 35.22% 35.67% 37.37% 37.72% 37.75% 38.27% 33.82% 33.96% 32.35% 32.02% 32.13%
No. of Shareholders 33,32340,18540,18742,34942,85742,58141,37840,89840,92839,93437,39634,922

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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