Ramco Systems share price & results
- Sept 2026
- Sept 2026
Chennai-based enterprise software maker of cloud/SaaS suites for Aviation MRO, HR & Payroll, Logistics and ERP.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 87.0 | 0.0% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 10.0 | −16.0 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | -13.0 | −1400.0% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 14.68 | +29.2 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 8.13 | +2.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 10.73 | +6.3 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Price
Performance −13.1% 1Y
1Y: ₹580.15 on 24 Oct 2025 → ₹503.9. High ₹886.15 (13 Jul 2026), low ₹344.05 (30 Mar 2026).
- Previous close
- ₹507.45
- Market cap
- ₹1.9k Cr
- 52-week range
- ₹344.05 – ₹886.15
- One year
- −13.69%
- Price to earnings (TTM to Sept 2026)
- 37.17×
- Return on equity (TTM to Sept 2026)
- 14.68%
Overview
- Symbol
- NSE:RAMCOSYS
- Sector
- Information Technology
- Exchange
- NSE
- Currency
- INR
What Ramco Systems Limited does
Based on the company's own presentations, annual report and earnings calls.
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+
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −1400% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 94 | 85 | 88 | 87 | 91 | 97 | 85 | 87 |
| Expenses | 62 | 43 | 61 | 64 | 63 | 65 | 65 | 79 |
| Operating profit | 32 | 42 | 27 | 23 | 28 | 33 | 20 | 8 |
| Operating margin | 34.0% | 49.0% | 31.0% | 26.0% | 30.0% | 34.0% | 24.0% | 10.0% |
| Other income | 1 | 1 | 3 | 1 | -20 | 2 | 13 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 21 | 34 | 21 | 21 | 22 | 22 | 22 | 22 |
| Profit before tax | 10 | 7 | 8 | 1 | -16 | 13 | 11 | -13 |
| Tax rate | 5.0% | 5.0% | 42.0% | 33.0% | −23.0% | 11.0% | 19.0% | −5.0% |
| Net profit | 10 | 7 | 5 | 1 | -12 | 11 | 9 | -13 |
| EPS (₹ per share) | 2.67 | 1.82 | 1.31 | 0.25 | -3.20 | 3.02 | 2.31 | -3.38 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 492 | 274 | 326 | 363 |
| Expenses | 628 | 310 | 238 | 253 |
| Operating profit | -135 | -35 | 88 | 111 |
| Other income | 5 | 0 | 4 | -14 |
| Interest | 10 | 4 | 4 | 4 |
| Depreciation | 80 | 81 | 96 | 86 |
| Profit before tax | -221 | -119 | -11 | 6 |
| Net profit | -206 | -113 | -10 | 5 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 35 | 35 | 37 | 37 | 38 | 38 |
| Reserves | 821 | 721 | 750 | 287 | 764 | 763 |
| Borrowings | 96 | 54 | 45 | 49 | 37 | 37 |
| Other liabilities | 123 | 123 | 123 | 331 | 143 | 157 |
| Total liabilities | 1,076 | 933 | 955 | 704 | 983 | 994 |
| Fixed assets | 408 | 419 | 403 | 412 | 396 | 366 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 36 |
| Investments | 403 | 392 | 433 | 55 | 406 | 490 |
| Other assets | 265 | 122 | 118 | 237 | 180 | 103 |
| Total assets | 1,076 | 933 | 955 | 704 | 983 | 994 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 144 | 79 | -18 | 74 | 101 | 116 |
| Cash from investing | -41 | -69 | -83 | -68 | -121 | -45 |
| Cash from financing | -104 | -9 | 152 | -51 | 19 | -12 |
| Net cash flow | -1 | 1 | 51 | -45 | -1 | 59 |
| Free cash flow | 76 | -8 | -134 | -14 | 21 | 40 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 124 | 90 | 124 | 82 | 64 | 66 |
| Cash conversion cycle | 124 | 90 | 124 | 82 | 64 | 66 |
| Working capital days | 213 | 176 | 27 | -10 | -23 | -28 |
| Return on capital employed | 9.0% | −6.0% | −13.0% | −13.0% | −1.0% | 4.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 55.44% as of Sept 2026; institutions cut 0.96 pts since Jun 2026.
- Promoters 55.44%
- Foreign institutions 10.50%
- Domestic institutions 1.79%
- Public 32.28%
Who is on the register
Named in the Sep 2026 filing
Every holder of Ramco Systems Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 18.89% | unchanged | |
| 14.40% | unchanged | |
| 12.79% | unchanged | |
| Endowment | 3.64% | unchanged |
| FPI fund | 3.64% | unchanged |
| 2.71% | unchanged | |
| 1.95% | unchanged | |
| Mutual fund | 1.51% | unchanged |
| 1.51% | unchanged | |
| 1.42% | unchanged | |
| 1.22% | unchanged | |
| Endowment | 1.14% | 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 Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹32 Cr
- 1 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹32 Cr · 0.0% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹32 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 Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +99%
- vs est. average cost
- Held by funds
- ₹32 Cr
- 1 schemes · ≈ 1.5% of the company
Shares held by these funds −72%
Oct '23 5.70 L shares Sep '26
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