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 ₹ 1,292 Cr.
  • Current Price ₹ 364
  • High / Low ₹ 450 / 246
  • Stock P/E
  • Book Value ₹ 87.9
  • Dividend Yield 0.00 %
  • ROCE -46.5 %
  • ROE -57.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 97.8 to 66.1 days.

Cons

  • Stock is trading at 4.14 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -0.61% over past five years.
  • Company has a low return on equity of -32.7% over last 3 years.
  • Contingent liabilities of Rs.410 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
150 140 141 126 124 120 119 128 126 140 127 128 131
120 129 136 134 134 151 159 156 162 165 253 133 129
Operating Profit 30 12 5 -8 -10 -31 -40 -29 -36 -25 -127 -4 2
OPM % 20% 8% 4% -7% -8% -26% -34% -22% -28% -18% -100% -3% 2%
3 2 4 2 1 1 1 1 2 0 2 1 1
Interest 1 1 1 1 1 1 2 3 3 2 2 2 1
Depreciation 17 19 19 19 19 19 20 21 20 22 21 21 23
Profit before tax 15 -6 -11 -27 -29 -50 -62 -51 -57 -48 -148 -27 -21
Tax % 50% -45% -13% 7% 9% -1% 2% 2% 20% 3% 1% 2% -10%
7 -9 -13 -25 -26 -51 -60 -50 -45 -47 -146 -26 -23
EPS in Rs 2.40 -2.91 -4.20 -8.18 -8.56 -16.45 -19.57 -16.31 -12.94 -13.27 -41.30 -7.45 -6.50
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
239 263 360 441 449 469 542 569 626 531 492 526
248 245 292 360 439 392 453 465 453 532 626 680
Operating Profit -9 18 68 81 10 77 89 104 173 -1 -134 -154
OPM % -4% 7% 19% 18% 2% 16% 16% 18% 28% -0% -27% -29%
8 8 4 3 10 10 10 9 14 9 5 4
Interest 6 12 12 4 3 2 5 13 10 7 11 6
Depreciation 33 38 45 46 48 50 51 66 69 75 81 87
Profit before tax -41 -23 15 33 -30 34 42 34 108 -73 -221 -244
Tax % 0% -4% 16% 27% 136% 66% 60% 68% 47% 1% 6% 1%
-41 -24 13 24 11 12 17 11 57 -73 -207 -242
EPS in Rs -17.14 -9.94 5.19 8.05 3.51 3.70 5.35 3.32 18.16 -23.81 -58.71 -68.30
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: -1%
3 Years: -6%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -17%
Stock Price CAGR
10 Years: 4%
5 Years: 11%
3 Years: -17%
1 Year: 38%
Return on Equity
10 Years: -8%
5 Years: -16%
3 Years: -33%
Last Year: -57%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 113 92 228 485 510 523 547 575 621 550 498 276
286 366 298 0 5 38 82 170 63 56 106 63
79 87 102 145 132 160 183 203 226 238 294 294
Total Liabilities 494 561 652 660 677 752 843 978 941 875 933 668
324 352 373 273 267 260 264 339 340 356 420 430
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 1 2 3 3 3 3 3 3 12 2
169 208 278 384 407 489 576 636 598 515 502 237
Total Assets 494 561 652 660 677 752 843 978 941 875 933 668

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-6 -6 22 19 37 8 8 50 166 92 40 104
-51 -37 -46 -44 -44 -39 -57 -46 -59 -85 -133 -77
59 42 24 22 8 36 46 -2 -103 -9 148 -56
Net Cash Flow 2 -2 -0 -4 1 4 -3 2 4 -3 55 -29

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 117 143 131 119 93 92 98 122 106 115 113 66
Inventory Days
Days Payable
Cash Conversion Cycle 117 143 131 119 93 92 98 122 106 115 113 66
Working Capital Days 124 128 125 144 122 125 128 155 151 133 68 -55
ROCE % -9% -2% 5% 7% -5% 6% 8% 7% 16% -10% -33%

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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