RAMCOSYS
Ramco Systems share price & financials
- Price
- ₹557.2
- Market cap
- ₹2.2k Cr
- Sector
- Information Technology
What Ramco Systems Limited does
Ramco Systems Limited designs, develops and sells enterprise application suites across four product lines - Aviation (maintenance, repair & overhaul for airlines, helicopter operators, defense and eVTOL/drone operators), HR & Payroll (multi-country payroll and core HR), Logistics (transportation and warehouse management for 3PL and express-parcel providers), and ERP for asset-heavy industries such as cement and power plants. It earns through software licensing and subscription (increasingly delivered as cloud/SaaS), implementation and consulting services, and hosting/BPO revenue for its payroll business. Its products are built on Ramco VirtualWorks®, an in-house low-code enterprise application assembly and delivery platform. The company is headquartered in Chennai and serves customers through a global network of offices across Asia, the Middle East, Europe, North America, Africa and Oceania.
Segments
- Aviation
- HR & Payroll (HCM)
- Logistics
- ERP
- Global offices
- 30
- Countries with a presence
- 50+
- Customers served
- 800+
- Aircraft managed through Ramco Aviation Suite
- 4,000+
- Aviation customers
- 90+ across 35+ countries
- Countries covered on unified HR & Payroll platform
- 60+
Quarterly results
Q1 FY27: revenue up 7.1%, net profit down 48.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 143 | 157 | 155 | 161 | 176 +23% | 179 +14% | 185 +19% | 173 +7% |
| EBITDA | 17 | 14 | 42 | 29 | 39 +137% | 45 +219% | 45 +9% | 25 −12% |
| Net profit | -10 | -10 | 5 | 1 | 13 +231% | 3 +132% | 25 +395% | 1 −48% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +32.7% 1Y
1Y: ₹448.15 on 10 Sept 2025 → ₹594.55. High ₹886.15 (13 Jul 2026), low ₹344.05 (30 Mar 2026).
Financials, as filed
Revenue grew 12.5% a year over 3 years, FY23 to FY26. Operating margin widened to 22.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹492 Cr | ₹526 Cr | ₹591 Cr | ₹701 Cr |
| Operating profit | ₹-135 Cr | ₹-154 Cr | ₹76 Cr | ₹158 Cr |
| Operating margin | -27.5% | -29.4% | 12.8% | 22.6% |
| Interest | ₹10 Cr | ₹6 Cr | ₹5 Cr | ₹4 Cr |
| Depreciation | ₹80 Cr | ₹87 Cr | ₹103 Cr | ₹91 Cr |
| Net profit | ₹-206 Cr | ₹-242 Cr | ₹-34 Cr | ₹42 Cr |
| Net margin | -41.8% | -46.0% | -5.8% | 6.0% |
| Cash from operations | ₹40 Cr | ₹104 Cr | ₹113 Cr | ₹134 Cr |
| Free cash flow | ₹-77 Cr | ₹15 Cr | ₹33 Cr | ₹58 Cr |
| ROCE | -33.0% | -46.0% | -5.0% | 20.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹31 Cr | ₹31 Cr | ₹35 Cr | ₹35 Cr | ₹37 Cr | ₹38 Cr |
| Reserves | ₹621 Cr | ₹550 Cr | ₹498 Cr | ₹276 Cr | ₹287 Cr | ₹312 Cr |
| Borrowings | ₹63 Cr | ₹56 Cr | ₹106 Cr | ₹63 Cr | ₹49 Cr | ₹43 Cr |
| Other liabilities | ₹226 Cr | ₹238 Cr | ₹294 Cr | ₹294 Cr | ₹331 Cr | ₹353 Cr |
| Total liabilities | ₹941 Cr | ₹875 Cr | ₹933 Cr | ₹668 Cr | ₹704 Cr | ₹745 Cr |
| Fixed assets | ₹340 Cr | ₹356 Cr | ₹420 Cr | ₹430 Cr | ₹412 Cr | ₹402 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹3 Cr | ₹3 Cr | ₹12 Cr | ₹2 Cr | ₹55 Cr | ₹2 Cr |
| Other assets | ₹598 Cr | ₹515 Cr | ₹502 Cr | ₹237 Cr | ₹237 Cr | ₹341 Cr |
| Total assets | ₹941 Cr | ₹875 Cr | ₹933 Cr | ₹668 Cr | ₹704 Cr | ₹745 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs trimmed −3.85 pp while promoters added +2.34 pp. The shareholder count grew 5% to 32,100.
- Promoters
- 55.5%
- FIIs
- 11.5%
- DIIs
- 1.8%
- Public
- 31.3%
Since Jun 2025
- DIIs −3.85 pp
- Promoters +2.34 pp
- FIIs +1.59 pp
How it drifted, 12 quarters
Over this window DIIs fell from 5.9% to 1.8% — −4.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 52.0%, FIIs 9.7%, DIIs 5.9%, Public 32.4%.Dec '23: Promoters 52.0%, FIIs 10.1%, DIIs 5.9%, Public 32.0%.Mar '24: Promoters 51.9%, FIIs 10.1%, DIIs 5.9%, Public 32.1%.Jun '24: Promoters 51.8%, FIIs 10.0%, DIIs 5.9%, Public 32.3%.Sep '24: Promoters 53.4%, FIIs 9.7%, DIIs 5.7%, Public 31.3%.Dec '24: Promoters 53.4%, FIIs 9.7%, DIIs 5.6%, Public 31.3%.Mar '25: Promoters 53.2%, FIIs 9.6%, DIIs 5.6%, Public 31.6%.Jun '25: Promoters 53.2%, FIIs 9.9%, DIIs 5.6%, Public 31.3%.Sep '25: Promoters 53.1%, FIIs 9.9%, DIIs 5.8%, Public 31.3%.Dec '25: Promoters 53.0%, FIIs 9.9%, DIIs 5.8%, Public 31.3%.Mar '26: Promoters 55.7%, FIIs 10.0%, DIIs 2.0%, Public 32.3%.Jun '26: Promoters 55.5%, FIIs 11.5%, DIIs 1.8%, Public 31.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Chetan Jayantilal Shah newly disclosed 1.22% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ramco Systems Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ramco Industries Limited | 18.92% | −0.06 pp |
| The Ramco Cements Limited | 14.42% | unchanged |
| P.R. Venketrama Raja | 12.81% | unchanged |
| Vanderbilt University - Atyant Capital Management Limited Endowment | 3.64% | unchanged |
| Atyant Capital India Fund - I FPI fund | 3.64% | unchanged |
| Ramco Management Private Limited | 2.71% | unchanged |
| Rajapalayam Mills Limited | 1.95% | unchanged |
| HDFC Trustee Company Ltd. A/C HDFC Balanced Advantage Fund Mutual fund | 1.52% | −0.26 pp |
| Ramco Industrial And Technology Services Limited | 1.51% | unchanged |
| Ravikumar Ramkishore Sanwalka | 1.42% | unchanged |
| Chetan Jayantilal Shah | 1.22% | newly disclosed |
| Gothic Corporation Endowment | 1.15% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in RAMCOSYS
Filings to Jul 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹33 Cr
- 1 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹33 Cr · 0.0% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹33 Cr | held | Dec '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Jul 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +120%
- vs est. average cost
- Held by funds
- ₹33 Cr
- 1 schemes · ≈ 1.4% of the company
Shares held by these funds −72%
Aug '23 5.70 L shares Jul '26
Learn to analyse Ramco Systems Limited
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