Ramco Systems share price today

Ramco Systems Ltd's share price was ₹537.40 at the close on 4 November 2026. It has been rising for 19 weeks. That is 2.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹368 and ₹806, and at that close it sat 39% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Ramco Systems Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 9 weeks running.

Over the last 11 years the share price moved −20% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 4 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2 points on a year earlier.

1. Revenue up on a year earlier for 9 quarters in a row

   In the September 2026 quarter revenue was ₹182 crore, +3.5% on a year earlier.

2. Operating margin down 8.2 points on a year earlier

   14.2% in the September 2026 quarter, from 22.4%.

For July to September 2026 (the quarter ended 30 September 2026), Ramco Systems reported revenue of ₹182 crore, up 3.5% from ₹176 crore a year earlier, and a profit of ₹0.45 crore, down 96.4% from ₹12.6 crore.

Ramco Systems results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 22 May 2024, about January to March 2024; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Ramco Systems closed at ₹537.40 on 4 November 2026, down 13.9% from ₹624.30 a year earlier (7 November 2025) and up 33.0% over five years. Its highest weekly close since March 2016 was ₹805.60 on 10 July 2026.

Ramco Systems share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

561 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Ramco Systems closed at ₹537.40, up 6.0% on the week and down 1.7% on the month. Results for July to September 2026: Revenue up 3.5% and profit down 96.4% on a year earlier.

Earlier

• 22 May 2024: Ramco Systems held its results call for January to March 2024.

Ramco Systems has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Ramco Systems Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for January to March 2024, held on 22 May 2024, Ramco Systems' management spoke about the quarter; the main points are below.

Source: the call transcript.

From the call for January to March 2024, 22 May 2024. The July to September 2026 results are out since, so this part may be out of date until we update it.

What is changing at Ramco Systems, from the latest results and calls: operating leverage from saas pivot and aviation mro deal wins.

• Operating Leverage from SaaS Pivot. Transition to recurring SaaS revenue is expanding margins structurally. ⚠ estimate
• Aviation MRO Deal Wins. Large deal wins in the Aviation MRO space provide multi-year revenue visibility. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 27 June 2026.

A return to negative operating margins or consecutive quarters of declining SaaS recurring revenue would break the turnaround thesis.

Each change stops working if

• Operating Leverage from SaaS Pivot: Cloud order bookings decelerate.
• Aviation MRO Deal Wins: Implementation delays on major deals.

The main risks

• Implementation Delays: Past history of write-offs due to implementation delays remains a key monitorable. ✓ fact

Our read after the latest results, written 27 June 2026.

When Ramco Systems reports October to December 2026, these are the check that show whether the story is still on course. First: Spike in unbilled revenue or receivables days.

Ramco Systems is on one of our India lists: IT stocks.

Ramco Systems Ltd earned ₹0.5 Cr of net profit in the Sep 2026 quarter, −96.4% on the same quarter a year earlier. Full-year FY26 profit was ₹42.0 Cr. Over 10 years profit has grown 5.8% a year on average. That is 0.2% of the quarter's revenue. The same quarter a year earlier earned ₹12.6 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

5 of the last 12 reported quarters were loss-making.

Why profit moved: revenue changed +3.5% on a year earlier and the margin moved −8.2 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +83.7% and revenue +11.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY26-Q3. Profit was impacted by tax adjustments but operating metrics remain solid. The focus remains on increasing the recurring revenue base and minimizing implementation times.

Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters.

Ramco Systems Ltd reported ₹182 Cr of revenue in the Sep 2026 quarter, +3.5% on the same quarter a year earlier. That is the 9th quarter in a row with growth on the year before. Over 10 years it has grown 4.7% a year on average. The last full year, FY26, came in at ₹701 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The record deal with Korean Air validates the product capability in the niche Aviation MRO space, opening doors for further large enterprise deals.

The last four reported quarters add to ₹719 Cr.

FY26 revenue was ₹701 Cr, +18.6% on the year before.

Recent pace: the last four quarters grew +11.0% on average, against 4.7% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +10.7%, against +15.5% a year over the last 8 quarters (rolling over).

FY26-Q3. Profit was impacted by tax adjustments but operating metrics remain solid. The focus remains on increasing the recurring revenue base and minimizing implementation times.

Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters.

Ramco Systems Ltd's operating margin was 14.2% in the Sep 2026 quarter, 8.2 percentage points lower than the same quarter a year ago. Across 13 years it has been between −29.0% and 28.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The company has shifted its focus from on-premise implementations to a cloud-based SaaS model. This transition initially caused revenue recognition delays but is now resulting in structural margin expansion as fixed costs are leveraged over a growing recurring revenue base.

Why the margin moved: operating margin changed −8.2 percentage points on the year while gross margin changed +0.7 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

FY26-Q3. Profit was impacted by tax adjustments but operating metrics remain solid. The focus remains on increasing the recurring revenue base and minimizing implementation times.

Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters.

Over the last 3 years, 318% of Ramco Systems Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹134 Cr of operating cash against ₹42.0 Cr of profit. After ₹80.0 Cr of spending on assets, ₹54.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 318% of profit came in as cash: the cash cycle got 48 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Ramco Systems Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 58 days in FY26, down from 106 days in FY21. It spent ₹263 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹701 Cr, each day of that cycle ties up about ₹1.9 Cr, so roughly ₹111 Cr is tied up in the business at any time.

Spending on assets: ₹263 Cr over the last 3 years, against ₹281 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Ramco Systems Ltd's P/E is 39.9×, near the low end of its own history: it has been lower only 30% of the time. Its usual P/E (the middle reading) is 51.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹7.79.