Ramco Systems Ltd
RAMCOSYSRamco Systems Ltd is cheap for a reason. The P/E sits at the 19th percentile of its own range, and the quarters are still getting worse.
The sharpest disagreement: the P/E sits at the 19th percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn.
The price is in a confirmed uptrend (12 weeks in) while the P/E sits at the 19th percentile of its own 11-year range. Underneath, the last four quarters read deteriorating — profit −48.1% year on year, and 318% of the last 3 years' profit arrived as cash. What settles it: whether the quarters turn before the discount closes.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Ramco Systems Ltd trades at ₹595, in a confirmed uptrend and 12 weeks into that stage. That is +7.4% against its own 200-day average. It sits at 52% of a 52-week range of ₹368 to ₹806. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).
Today the stock is in a confirmed uptrend — week 12 of stage 2, confirmed. At ₹595 it trades +7.4% versus its 200-day average and sits at 52% of its 52-week range (₹368–₹806).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved −12% while the NIFTY 500 moved +267% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-09-04) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Ramco Systems Ltd's story is not scored yet against the markers our research file set on 27 June 2026. Where it sits in its own cycle: EARLY_EXPANSION_TO_MID. Still open: A return to negative operating margins or consecutive quarters of declining SaaS recurring revenue would break the turnaround thesis. Our fortnightly research layers last read it on 27 June 2026.
Our read, 27 June 2026. A structural turnaround with accelerated recurring revenue and a bottomed-out multiple cycle.
From the numbers. Multiple has compressed to a trough percentile while earnings are rising, presenting a cycle bottom setup.
From the price. Price stage 2, week 12 — above its 200-day line, relative strength falling.
From the research. A structural turnaround with accelerated recurring revenue and a bottomed-out multiple cycle.
🚨 Where they disagree. Multiple has compressed to a trough percentile while earnings are rising, presenting a cycle bottom setup.
What is proven. A structural turnaround with accelerated recurring revenue and a bottomed-out multiple cycle.
What is not proven yet. A return to negative operating margins or consecutive quarters of declining SaaS recurring revenue would break the turnaround thesis.
🚨 What would change our mind. A return to negative operating margins or consecutive quarters of declining SaaS recurring revenue would break the turnaround thesis.
Layer 1 read, 27 June 2026 — KEEP. Real loss-to-profit turn at a compressed multiple, but synthetic source and a one-quarter profit spike cap conviction. Ramco swung from a deep loss to a Rs 42 Cr FY26 profit with OPM at 23%, and the 12-quarter line shows EPS turning positive in Mar 2025 and climbing while the PE sits at the 11th-32nd percentile of its own history. The turn is earnings-driven, not a re-rating, but the latest quarter's profit is ~5x its trailing median and the Timeline is a synthetic web-fallback with no concall, so I hold it at P2 rather than P1.
What would change Layer 1’s mind. A return to negative operating margins or two consecutive quarters of declining SaaS recurring revenue would break the turnaround; equally, if the next quarter reverts toward the Rs 5 Cr trailing-median profit, confirming Mar 2026 was a one-off spike, the recovery thesis weakens to a DROP.
Layer 2 read, 27 June 2026 — BENCH. Oversold SaaS turnaround in a capitulating sector -- but the profit jump is tax-aided, so bench until proven. The cycle setup is attractive -- PE at the 32nd percentile in monotonic compression and the IT-product sector in CAPITULATION (institutions fleeing, supply withdrawing). But the headline turnaround is unverified: the +400% PAT jump is driven by tax (-45pp) with operating margins actually down 280bps and a 5x single-quarter spike inflating the trailing number, on a synthetic timeline with no concall to confirm the SaaS-margin story.
What would change Layer 2’s mind. A clean concall (de-synthetic the timeline) showing two consecutive quarters of expanding OPERATING margin AND growing SaaS recurring revenue -- i.e. the J-curve confirmed without the tax/one-off crutch -- would flip BENCH to ADVANCE (consumes driver D1 stops_working_if 'Cloud order bookings decelerate' and thesis.would_change_my_mind on negative operating margins).
The test written in advance. A return to negative operating margins or consecutive quarters of declining SaaS recurring revenue would break the turnaround thesis. — the thesis as written as stated by the next result.
The test written in advance. Implementation Delays — Implementation Delays Spike in unbilled revenue or receivables days by the next result.
What the company does. The recent fiscal year marked a return to profitability and expanding capital efficiency. The multiple has compressed to its historical floor while earnings are rising, presenting a cycle bottom setup. The strategic pivot towards a SaaS recurring revenue model is bearing fruit, with cloud revenue driving operating leverage.
| Dial | Now | Was | Why it matters | Watch line |
|---|---|---|---|---|
| Operating Leverage from SaaS Pivot | HIGH | — | Transition to recurring SaaS revenue is expanding margins structurally. | Cloud order bookings decelerate |
| Aviation MRO Deal Wins | MEDIUM_HIGH | — | Large deal wins in the Aviation MRO space provide multi-year revenue visibility. | Implementation delays on major deals |
Lever 1 · Operating leverage — BUILDING. Transition to recurring SaaS revenue is expanding margins structurally. What proves it keeps working: Operating Leverage from SaaS Pivot. It stops working if Cloud order bookings decelerate.
Lever 6 · Order-book wins — BUILDING. Large deal wins in the Aviation MRO space provide multi-year revenue visibility. What proves it keeps working: Aviation MRO Deal Wins. It stops working if Implementation delays on major deals.
Sources: our stock research file (27 June 2026) · quarterly results through Jun 26. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Ramco Systems Ltd reported ₹173 Cr of revenue in the Jun 26 quarter, +7.1% year on year. That is the 8th straight quarter of year-on-year growth. Over 10 years it has compounded at 4.7% a year. The last full year, FY26, came in at ₹701 Cr. The last four reported quarters add to ₹712 Cr.
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.
FY26 revenue came in at ₹701 Cr (+18.6% on the year), capping 10 years at 4.7% compound. The latest quarter (Jun 26) printed ₹173 Cr, +7.1% year on year — the 8th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +15.9% growth against the decade's 4.7% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +15.7% over the last 4 quarters against +16.7%/yr over the last 8 — stabilising.
FY26-Q3. Revenue grew with operating margin holding robust. 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.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Ramco Systems Ltd's operating margin is 14.7% in the Jun 26 quarter, −3.3 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −29.0% to 28.0%. The current quarter sits inside that band.
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.
The latest quarter's operating margin is 14.7%, −3.3 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −29.0%–28.0%.
🚨 Why the margin moved: operating margin went −3.3 pp year on year while gross margin went −1.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
FY26-Q3. Revenue grew with operating margin holding robust. 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.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Ramco Systems Ltd earned ₹0.6 Cr of net profit in the Jun 26 quarter, −48.1% year on year. Full-year FY26 profit was ₹42.0 Cr. The 10-year compound rate is 5.8%. That is 0.3% of the quarter's revenue. The same quarter a year earlier earned ₹1.1 Cr. 6 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹0.6 Cr, −48.1% year on year. On the full year, FY26 printed ₹42.0 Cr (null), and the 10-year compound rate is 5.8%.
FY26-Q3. Revenue grew with operating margin holding robust. 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.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 318% of Ramco Systems Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹134 Cr of operating cash against ₹42.0 Cr of profit. After ₹80.0 Cr of capital spending, ₹54.0 Cr was left as free cash.
FY26: operating cash of ₹134 Cr against reported profit of ₹42.0 Cr, leaving free cash of ₹54.0 Cr after ₹80.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 318% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 318%: the cash cycle tightened 48 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Ramco Systems Ltd's cash conversion cycle runs 58 days in FY26, down from 106 days in FY21. Capital spending ran ₹263 Cr over the last 3 years. At FY26 sales of ₹701 Cr each day of that cycle holds about ₹1.9 Cr, so roughly ₹111 Cr sits inside the business at any moment.
FY26: debtors at 58 days (an asset-light business — no inventory to speak of) — for a full cycle of 58 days, tighter than FY21's 106.
In money terms: at FY26 sales of ₹701 Cr, each day of the cycle holds about ₹1.9 Cr — so the 58-day loop keeps roughly ₹111 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹263 Cr over the last 3 fiscal years against ₹281 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Ramco Systems Ltd earns a ROCE of 20% in FY26. That is up from a trough of −46% in FY24. Return on invested capital clears the cost of that capital by +8.3 percentage points, so growth here adds value rather than only size. The wiring behind it is 6.0% net margin on 0.94× asset turns.
FY26 ROCE is 20%, recovered from a FY24 trough of −46% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 6.0% net margin × 0.94× asset turns × 2.13× balance-sheet leverage ≈ 12.0% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 20.3% − 12.0% = a +8.3 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Ramco Systems Ltd carries total debt of ₹43.0 Cr against shareholder equity of ₹354 Cr as of Mar 26, a debt-to-equity of 0.12 — effectively unlevered. On the annual view that ratio went from 0.10 in FY22 to 0.12 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹43.0 Cr against shareholder equity of ₹354 Cr — a debt-to-equity of 0.12. On the annual view, debt-to-equity went from 0.10 (FY22) to 0.12 (FY26). The returns on this page are earned, not borrowed.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions cut 4.1 points of Ramco Systems Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 1.8% of the company. Promoters moved +3.7 points over the same window, to 55.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −4.1 points over 8 quarters to 1.8%; Promoters: +3.7 points over 8 quarters to 55.5%; Foreign institutions: +1.5 points over 8 quarters to 11.5%.
Why the register moved: rotation — foreign institutions +1.5 points against domestic institutions −4.1 points over 8 quarters, with promoters +3.7 points — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Ramco Systems Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Ramco Systems Ltd trades at 35.5× P/E, near the bottom of its own range — cheaper only 19% of the time. Its long-run median P/E is 52.7×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 35.5× is near the bottom of its own range — cheaper only 19% of the time, against a long-run median of 52.7× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
The price move, decomposed: over 5y, of the +5.2%/yr price move, ~+9.4%/yr came from earnings growth and ~−4.2 pp from the multiple (compressing); over 10y, of the +2.1%/yr price move, ~+8.6%/yr came from earnings growth and ~−6.5 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 29 June 2026 price, Ramco Systems Ltd was paying for profit growth of about 31.1% a year. Profit itself has compounded 5.8% a year over the past 10 years. Today the market pays 35.5× P/E, the 19th percentile of its own 11-year range.
What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is far above what this company has actually delivered. A multiple that looks low because earnings fell is not the same thing as a low bar to clear.
How to hold this number: it is a reading of one day's price, taken on 29 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Ramco Systems Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 12 quarters across 2 curves, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +18.6% | +12.5% | +2.3% | +4.7% |
| Profit | — | — | −5.9% | +5.8% |
| EPS | — | — | −9.3% | +3.3% |
| Share price | +28.4% | +28.5% | +5.2% | +2.1% |
4-Factor Sector Score
55.6/100 — rank 3 of 9 in IT Product Companies · 77% evidence confidence
Ramco Systems Ltd scores 55.6 out of 100 against the 9 companies it is compared with in IT Product Companies, ranking 3. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 21.3 + 12.1 + 9.3 + 12.9 = 55.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Oracle Financial Services Software LtdOFSS | 75.7/100Favorable setup100% evidence | LEADER | 31.4/35 Revenue 28.6% · PAT 42% · OPM change 14 pp 100% evidence | 21.9/25 ROCE 45.3% · OPM 60% 100% evidence | 2.4/20 P/E 30× · PEG 3.37 100% evidence | 20.0/20 RS sector 28.3% · RS bench 33% · 1Y 42.1%12 of 12 weeks ahead 100% evidence |
| Exact sum: 31.4 + 21.9 + 2.4 + 20 = 75.7 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Zaggle Prepaid Ocean Services LtdZAGGLE | 55.8/100Mixed-positive evidence100% evidence | ASLEEP | 27.2/35 Revenue 44.4% · PAT 35% · OPM change -2 pp 100% evidence | 6.8/25 ROCE 14% · OPM 7% 100% evidence | 19.3/20 P/E 19.4× · PEG 0.39 100% evidence | 2.5/20 RS sector -31.7% · RS bench -29.5% · 1Y -50.8%0 of 12 weeks ahead 100% evidence |
| Exact sum: 27.2 + 6.8 + 19.3 + 2.5 = 55.8 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -31.7% and the one-year return is -50.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 3Ramco Systems Ltdthis pageRAMCOSYS | 55.6/100Mixed-positive evidence77% evidence | BREAKING OUT | 21.3/35 Revenue 15.7% · PAT 100% · OPM change -3.3 pp 100% evidence | 12.1/25 ROCE 19.7% · OPM 14.7% 100% evidence | 9.3/20 P/E 35.5× · PEG — 15% evidence | 12.9/20 RS sector 7% · RS bench 11.3% · 1Y 38.8%10 of 10 weeks ahead 70% evidence |
| Exact sum: 21.3 + 12.1 + 9.3 + 12.9 = 55.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Rategain Travel Technologies LtdRATEGAIN | 54.4/100Mixed-positive evidence100% evidence | LEADER | 22.3/35 Revenue 100% · PAT 14.7% · OPM change 4 pp 100% evidence | 7.4/25 ROCE 13.9% · OPM 22% 100% evidence | 11.8/20 P/E 39.8× · PEG 1.03 100% evidence | 12.9/20 RS sector 23% · RS bench 27.2% · 1Y 42.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 22.3 + 7.4 + 11.8 + 12.9 = 54.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Accelya Solutions India LtdACCELYA | 51.3/100Mixed-positive evidence81% evidence | TURNING | 5.5/35 Revenue 0.6% · PAT -25.8% · OPM change -3 pp 95% evidence | 21.7/25 ROCE 49.4% · OPM 36% 95% evidence | 12.7/20 P/E 16.1× · PEG — 50% evidence | 11.4/20 RS sector 11.7% · RS bench -8.4% · 1Y -20.2%0 of 10 weeks ahead 70% evidence |
| Exact sum: 5.5 + 21.7 + 12.7 + 11.4 = 51.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Newgen Software Technologies LtdNEWGEN | 51.2/100Mixed-positive evidence100% evidence | BREAKING OUT | 13.7/35 Revenue 7.9% · PAT -0.9% · OPM change 2 pp 100% evidence | 16.8/25 ROCE 25% · OPM 16% 100% evidence | 14.3/20 P/E 20.8× · PEG 0.73 100% evidence | 6.4/20 RS sector -20.9% · RS bench -19% · 1Y -43.5%9 of 12 weeks ahead 100% evidence |
| Exact sum: 13.7 + 16.8 + 14.3 + 6.4 = 51.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 7Network People Services Technologies LtdNPST | 46.2/100Mixed-negative evidence100% evidence | FADING | 14.6/35 Revenue 47.3% · PAT 28.6% · OPM change -4 pp 100% evidence | 12.8/25 ROCE 19.7% · OPM 25% 100% evidence | 2.6/20 P/E 78.8× · PEG 7.32 100% evidence | 16.2/20 RS sector 13.5% · RS bench 16.6% · 1Y -19.9%11 of 12 weeks ahead 100% evidence |
| Exact sum: 14.6 + 12.8 + 2.6 + 16.2 = 46.2 · Decision use: Price leads the evidence: RS versus the benchmark is 16.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 8Intellect Design Arena LtdINTELLECT | 45.7/100Mixed-negative evidence100% evidence | ASLEEP | 17.5/35 Revenue 22.5% · PAT -0.6% · OPM change 0 pp 100% evidence | 13.0/25 ROCE 16% · OPM 20% 100% evidence | 11.6/20 P/E 25.9× · PEG 1.79 100% evidence | 3.6/20 RS sector -18.9% · RS bench -16.3% · 1Y -24.7%4 of 12 weeks ahead 100% evidence |
| Exact sum: 17.5 + 13 + 11.6 + 3.6 = 45.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Nucleus Software Exports LtdNUCLEUS | 34.9/100Adverse evidence81% evidence | BASING | 5.4/35 Revenue 1.6% · PAT -36.9% · OPM change -12.2 pp 95% evidence | 10.4/25 ROCE 16.8% · OPM 3.8% 95% evidence | 9.9/20 P/E 16× · PEG — 50% evidence | 9.2/20 RS sector 5.2% · RS bench -16.3% · 1Y -31.4%0 of 10 weeks ahead 70% evidence |
| Exact sum: 5.4 + 10.4 + 9.9 + 9.2 = 34.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Ramco Systems Ltd's share price today?
Ramco Systems Ltd trades at ₹595, +28.4% over the past year. The company is valued at ₹2,235 Cr. The stock sits at 52% of its 52-week range of ₹368–₹806, +7.4% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 12 weeks in. — as of 11 September 2026.
What were Ramco Systems Ltd's latest quarterly results?
Ramco Systems Ltd reported revenue of ₹173 Cr and net profit of ₹0.6 Cr for the Jun 26 quarter. Revenue rose 7.1% and profit fell 48.1% year on year. Earnings per share were ₹0.16. The operating margin was 14.7%, 3.3 pp lower than a year earlier. — as of 11 September 2026.
What is Ramco Systems Ltd's revenue?
Ramco Systems Ltd reported revenue of ₹173 Cr in the Jun 26 quarter, +7.1% year on year. For the full FY26 fiscal year, revenue was ₹701 Cr (+18.6%). Over the last 10 years revenue compounded at 4.7% a year. — as of 11 September 2026.
What is Ramco Systems Ltd's profit?
Ramco Systems Ltd earned ₹0.6 Cr of net profit in the Jun 26 quarter, −48.1% year on year. Full-year FY26 profit was ₹42.0 Cr. The operating margin ran 14.7% in the latest quarter. — as of 11 September 2026.
What is Ramco Systems Ltd's market cap?
Ramco Systems Ltd's market capitalisation is ₹2,235 Cr at a share price of ₹595. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Ramco Systems Ltd's P/E ratio?
Ramco Systems Ltd trades at a P/E of 35.5×, at the 19th percentile of its own 11-year range, against a long-run median of 52.7×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Ramco Systems Ltd pay a dividend?
No — Ramco Systems Ltd has recorded a dividend payout of 0% of profit in each of its last 13 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 11 September 2026.
Is Ramco Systems Ltd overvalued?
On its own history, Ramco Systems Ltd looks cheap: its P/E of 35.5× has been cheaper only 19% of the time in 11 years (long-run median 52.7×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Ramco Systems Ltd growing?
Not right now — Ramco Systems Ltd's latest numbers are shrinking: latest-quarter revenue +7.1% year on year, profit −48.1%, and the margin −3.3 pp at 14.7%. The 10-year compound rates are 4.7% (revenue) and 5.8% (profit). The earnings engine currently reads: deteriorating — as of 11 September 2026.
How is Ramco Systems Ltd performing?
Ramco Systems Ltd is in a confirmed uptrend, 12 weeks in. Its latest quarter's revenue rose 7.1% and profit fell 48.1% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 11 September 2026.
Is Ramco Systems Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 12 of stage 2), trading +7.4% versus its 200-day average and at 52% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Ramco Systems Ltd beating the market?
Not lately — on a trailing-13-week view Ramco Systems Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-09-04), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved −12% against the NIFTY 500's +267% — behind the index over the full window. — as of 11 September 2026.
Will Ramco Systems Ltd's share price go up?
This page publishes no price forecast for Ramco Systems Ltd. What it measures instead: the share price is ₹595, the price is in a confirmed uptrend 12 weeks in. Its P/E of 35.5× sits at the 19th percentile of its own 11-year range. — as of 11 September 2026.
Who owns Ramco Systems Ltd?
Promoters hold 55.5% of Ramco Systems Ltd, foreign institutions 11.5%, domestic institutions 1.8% and the public 31.3% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 4.1 points over 8 quarters. — as of 11 September 2026.
Does Ramco Systems Ltd have too much debt?
No — Ramco Systems Ltd's debt-to-equity is 0.12, and operating profit covers the interest bill 32×. FY26 borrowings were ₹43.0 Cr against equity of ₹350 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.
What is Ramco Systems Ltd's capex?
Ramco Systems Ltd spent ₹263 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹80.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Ramco Systems Ltd's cash flow?
Ramco Systems Ltd generated ₹134 Cr of operating cash flow in FY26 and ₹54.0 Cr of free cash flow after ₹80.0 Cr of capital spending. Reported profit that year was ₹42.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Ramco Systems Ltd's profit real cash?
Yes — over the last 3 fiscal years, 318% of Ramco Systems Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹134 Cr against reported profit of ₹42.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Ramco Systems Ltd in its business cycle?
Ramco Systems Ltd's FY26 operating margin was 23.0%, against a 13-year band of −29.0%–28.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 14.7%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Ramco Systems Ltd's price assume?
At its price on 29 June 2026, Ramco Systems Ltd was priced for profit growth of about 31.1% a year. Profit itself has compounded 5.8% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Ramco Systems Ltd story?
The sharpest disagreement: the P/E sits at the 19th percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Ramco Systems Ltd a stock worth studying right now?
This is not investment advice. The machine read: Ramco Systems Ltd is cheap for a reason. The P/E sits at the 19th percentile of its own range, and the quarters are still getting worse. The sharpest open question: whether the quarters turn before the discount closes. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!