# Ramco Systems share price today (Ramco Systems Ltd, NSE: RAMCOSYS)

> Ramco Systems share price today: ₹529.25 at the NSE close on 3 November 2026, down 15.4% in a year. Ramco Systems (NSE: RAMCOSYS) is worth ₹1,993 crore, trades at a P/E of 39.3 and has closed between ₹368.00 and ₹805.60 over the past 52 weeks. > Ramco Systems Ltd's P/E is near the low end of its own history, higher than only 29% of past readings, and its quarterly results are still getting worse. RAMCOSYS · IT Product Companies · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/ramco-systems-ltd

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## Key numbers

- Price: ₹529.25 (−15.4% in a year)
- P/E: 39.3× (lower than 71% of the last 11 years)
- Revenue (Sep 2026): ₹182 Cr (+3.5% on a year ago)
- Profit (Sep 2026): ₹0.5 Cr (−96.4% on a year ago)
- Operating margin: 14.2% (−8.2 points on a year ago)
- ROCE: 20%, FY26
- ROIC: 20.3%, against a 12.0% cost of capital: +8.3 points
- Profit that came in as cash: 318%, last 3 years

The main question: the P/E is near the low end of its own history, higher than only 29% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. ## What is the Ramco Systems share price today? Ramco Systems Ltd's share price was ₹529.25 at the close on 3 November 2026. It has been rising for 19 weeks. That is 4.3% 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 37% of the way up from that low. 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 −21% 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. ## What changed at Ramco Systems this quarter? 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%. ## What are Ramco Systems' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹182 crore | ₹176 crore | +3.5% |
| Profit | ₹0.45 crore | ₹12.6 crore | −96.4% |
| Earnings per share | ₹0.07 | ₹3.37 | −97.9% |
| Operating margin | 14.2% | 22.4% | −8.2 points |

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.)

## What is the Ramco Systems share price history? Ramco Systems closed at ₹529.25 on 3 November 2026, down 15.4% from ₹625.35 a year earlier (31 October 2025) and up 31.0% over five years. Its highest weekly close since March 2016 was ₹805.60 on 10 July 2026. ### Ramco Systems share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹529.15 | 0.0% |
| 1 month ago · 1 Oct 2026 | ₹546.45 | −3.1% |
| 6 months ago · 30 Apr 2026 | ₹411.75 | +28.5% |
| 1 year ago · 31 Oct 2025 | ₹625.35 | −15.4% |
| 3 years ago · 3 Nov 2023 | ₹261.65 | +102.3% |
| 5 years ago · 4 Nov 2021 | ₹403.95 | +31.0% |
| 10 years ago · 4 Nov 2016 | ₹442.05 | +19.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹673.05 | −21.4% |
| Highest weekly close since March 2016, also the 52-week high · 10 Jul 2026 | ₹805.60 | −34.3% |
| Lowest weekly close since March 2016 · 22 May 2020 | ₹68.25 | +675.5% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹368.00 | +43.8% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (561 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Ramco Systems? 3 Nov 2026: Ramco Systems closed at ₹529.25, up 0.0% on the week and down 3.1% 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. ## What dividend does Ramco Systems pay? 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 4 November 2026.)

## What did Ramco Systems management say on the latest results call? 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](https://stockdiscovery.s3.amazonaws.com/insight/india/4378/Conference Call/CC-Mar24.pdf). (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 the future of Ramco Systems? What is changing in the business? 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.)

## What could change the Ramco Systems story? What are the risks? 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.)

## What to watch in Ramco Systems' next results? 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. | What to check | Why |
| --- | --- |
| Spike in unbilled revenue or receivables days. | Implementation Delays |

## Which stock lists is Ramco Systems on? Ramco Systems is on one of our India lists: IT stocks. [IT stocks Market value (₹ crore): 2015.12104743083](https://www.sectoralpha.in/sectors/it-stocks-india)

## Is Ramco Systems profitable? 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. 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. ## How much revenue does Ramco Systems make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Ramco Systems keep? 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. 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. ## Is Ramco Systems' profit turning into cash? 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. 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. ## Where does Ramco Systems' cash go? 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. 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. ## What is Ramco Systems' P/E ratio, and how does it compare with its own history? Ramco Systems Ltd's P/E is 39.3×, near the low end of its own history: it has been lower only 29% 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. 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. Where the price move came from: over 5 years the price moved +5.6% a year; about +64.7% a year came from earnings growth and about −59.1 percentage points from the multiple (the market paying less); over 10 years the price moved +1.8% a year; about +10.5% a year came from earnings growth and about −8.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Ramco Systems business getting better or worse? Ramco Systems Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## What is the Ramco Systems story, and has it been checked? Ramco Systems Ltd's story is not scored yet against the checks our research 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 read, 27 June 2026. From the numbers. From the price. Price stage 2, week 19, below its 200-day line, relative strength falling. From the research. Where they disagree. What is proven. 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. The test written in advance. A return to negative operating margins or consecutive quarters of declining SaaS recurring revenue would break the turnaround thesis. Measured by: the thesis as written as stated by the next result. The test written in advance. Implementation Delays. Measured by: 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 strategic pivot towards a SaaS recurring revenue model is bearing fruit, with cloud revenue driving operating leverage. 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 Sep 2026. The story check is re-scored every results season; the record below never changes. ## How much does Ramco Systems earn on its capital? Ramco Systems Ltd earned a ROCE of 20% in FY26. That is up from a low of −46% in FY24. Its return on capital used (ROIC) is 8.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 6.0% net margin and 0.94× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 6.0% net margin × 0.94× asset turnover × 2.13× leverage (assets divided by equity) ≈ 12.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 20.3% − 12.0% = +8.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. ## Does Ramco Systems have too much debt? Ramco Systems Ltd has total debt of ₹49.0 Cr against shareholder equity of ₹354 Cr as of Sep 2026, so its debt is 0.14× its equity, which is very little. Year by year, that ratio went from 0.10 in FY22 to 0.12 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Ramco Systems shareholding pattern? Domestic institutions cut their stake in Ramco Systems Ltd by 3.9 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 1.8% of the company. Promoters moved +2.0 points over the same period, to 55.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −3.9 points over 8 quarters, to 1.8%; Promoters: +2.0 points over 8 quarters, to 55.4%; Foreign institutions: +0.8 points over 8 quarters, to 10.5%. Why the owners changed: domestic institutions drove it (−3.9 points), with the other side taken by promoters (+2.0 points). They reduced their stake. ## How far is Ramco Systems from balance-sheet trouble? For Ramco Systems Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Ramco Systems rank in its industry? 50.2 out of 100, rank 3 of 9 in IT Product Companies, with 78% of the evidence available. Ramco Systems Ltd scores 50.2 out of 100 against the 9 companies it is compared with in IT Product Companies, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.4 + 14.1 + 7.5 + 10.2 = 50.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Ramco Systems compared with? Ramco Systems ranks 3 of 9 IT Product Companies companies on the 4-Factor Sector Score, with 50.2 out of 100. 1. [Oracle Financial Services Software Ltd](https://www.sectoralpha.in/stocks/oracle-financial-services-software-ltd) OFSS · quiet · Most evidence points up · 100% evidence 78.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.1/35 · Revenue 28.1% · Profit 50.4% · Operating margin change 7 points · 100% evidence Capital efficiency 22.1/25 · ROCE 45.3% · Operating margin 49% · 100% evidence Valuation 11.5/20 · P/E 24.4× · PEG 0.66 · 100% evidence Relative strength 12.4/20 · Lead over its industry 19.9% · Lead over NIFTY 500 14.1% · 1 year 17.4% · 100% evidence · 6 of 12 weeks ahead Exact sum: 32.1 + 22.1 + 11.5 + 12.4 = 78.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Zaggle Prepaid Ocean Services Ltd](https://www.sectoralpha.in/stocks/zaggle-prepaid-ocean-services-ltd) ZAGGLE · quiet · Evidence leans up · 96% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 44.4% · Profit 35% · Operating margin change -2 points · 88% evidence Capital efficiency 6.9/25 · ROCE 14% · Operating margin 7% · 100% evidence Valuation 19.3/20 · P/E 16× · PEG 0.39 · 100% evidence Relative strength 3.5/20 · Lead over its industry -30.2% · Lead over NIFTY 500 -33.3% · 1 year -58.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.4 + 6.9 + 19.3 + 3.5 = 52.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Ramco Systems Ltd this page RAMCOSYS · basing · Evidence leans up · 78% evidence 50.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue 10.7% · Profit 100% · Operating margin change -8.2 points · 100% evidence Capital efficiency 14.1/25 · ROCE 19.7% · Operating margin 14.2% · 100% evidence Valuation 7.5/20 · P/E 37.6× · PEG 2.37 · 65% evidence Relative strength 10.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -1.5% · 1 year -18.9% · 25% evidence · 5 of 12 weeks ahead Exact sum: 18.4 + 14.1 + 7.5 + 10.2 = 50.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Network People Services Technologies Ltd](https://www.sectoralpha.in/stocks/network-people-services-technologies-ltd) NPST · breaking out · Evidence leans up · 96% evidence 50.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.3/35 · Revenue 47.3% · Profit 28.6% · Operating margin change -4 points · 88% evidence Capital efficiency 12.8/25 · ROCE 19.7% · Operating margin 25% · 100% evidence Valuation 1.9/20 · P/E 74.8× · PEG 7.3 · 100% evidence Relative strength 20.0/20 · Lead over its industry 22.8% · Lead over NIFTY 500 16.4% · 1 year -13.8% · 100% evidence · 11 of 12 weeks ahead Exact sum: 15.3 + 12.8 + 1.9 + 20 = 50 · What this means: Relative strength against the index is 16.4%, and revenue and profit growth are weak. 5. [Rategain Travel Technologies Ltd](https://www.sectoralpha.in/stocks/rategain-travel-technologies-ltd) RATEGAIN · quiet · Evidence leans down · 96% evidence 49.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 100% · Profit 14.7% · Operating margin change 4 points · 88% evidence Capital efficiency 8.2/25 · ROCE 13.9% · Operating margin 22% · 100% evidence Valuation 5.8/20 · P/E 36.2× · PEG 3.27 · 100% evidence Relative strength 12.4/20 · Lead over its industry 22.5% · Lead over NIFTY 500 16.1% · 1 year 25.2% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.9 + 8.2 + 5.8 + 12.4 = 49.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Accelya Solutions India Ltd](https://www.sectoralpha.in/stocks/accelya-solutions-india-ltd) ACCELYA · quiet · Evidence leans down · 85% evidence 48.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.1/35 · Revenue -0.7% · Profit -25.4% · Operating margin change -2 points · 100% evidence Capital efficiency 20.6/25 · ROCE 49% · Operating margin 34% · 100% evidence Valuation 13.7/20 · P/E 13.8× · PEG 1.85 · 100% evidence Relative strength 8.7/20 · Lead over its industry n/a · Lead over NIFTY 500 -17.5% · 1 year -33.2% · 25% evidence · 1 of 12 weeks ahead Exact sum: 5.1 + 20.6 + 13.7 + 8.7 = 48.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Newgen Software Technologies Ltd](https://www.sectoralpha.in/stocks/newgen-software-technologies-ltd) NEWGEN · quiet · Evidence leans down · 100% evidence 46.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 6.5% · Profit -3% · Operating margin change 0 points · 100% evidence Capital efficiency 18.5/25 · ROCE 25% · Operating margin 26% · 100% evidence Valuation 7.1/20 · P/E 18.1× · PEG 2.85 · 100% evidence Relative strength 8.1/20 · Lead over its industry -13.8% · Lead over NIFTY 500 -18.4% · 1 year -54.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 12.9 + 18.5 + 7.1 + 8.1 = 46.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Intellect Design Arena Ltd](https://www.sectoralpha.in/stocks/intellect-design-arena-ltd) INTELLECT · quiet · Evidence leans down · 100% evidence 42.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.7/35 · Revenue 16.9% · Profit -12.4% · Operating margin change 0 points · 100% evidence Capital efficiency 13.8/25 · ROCE 16% · Operating margin 20% · 100% evidence Valuation 10.7/20 · P/E 19.1× · PEG 2.41 · 100% evidence Relative strength 2.4/20 · Lead over its industry -27.6% · Lead over NIFTY 500 -31.1% · 1 year -55.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.7 + 13.8 + 10.7 + 2.4 = 42.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Nucleus Software Exports Ltd](https://www.sectoralpha.in/stocks/nucleus-software-exports-ltd) NUCLEUS · turning · Most evidence points down · 75% evidence 34.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.6/35 · Revenue 1.9% · Profit -37.3% · Operating margin change -4 points · 100% evidence Capital efficiency 9.7/25 · ROCE 16.8% · Operating margin 7% · 100% evidence Valuation 10.5/20 · P/E 15.7× · PEG n/a · 50% evidence Relative strength 9.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -13.8% · 1 year -35.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 5.6 + 9.7 + 10.5 + 9.1 = 34.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [IT Product Companies](https://www.sectoralpha.in/sectors/it-product-companies), all 9 compared on one page. ## Which companies are close to Ramco Systems in size? Ramco Systems is the 7th largest of 9 IT Product Companies companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Intellect Design Arena, Newgen Software Technologies, Network People Services Technologies and Zaggle Prepaid Ocean Services. Just below it: Nucleus Software Exports and Accelya Solutions India. ### IT Product Companies companies close in size

1. [Intellect Design Arena Ltd](https://www.sectoralpha.in/stocks/intellect-design-arena-ltd) ₹7,091 crore
2. [Newgen Software Technologies Ltd](https://www.sectoralpha.in/stocks/newgen-software-technologies-ltd) ₹6,305 crore
3. [Network People Services Technologies Ltd](https://www.sectoralpha.in/stocks/network-people-services-technologies-ltd) ₹3,338 crore
4. [Zaggle Prepaid Ocean Services Ltd](https://www.sectoralpha.in/stocks/zaggle-prepaid-ocean-services-ltd) ₹2,073 crore
5. Ramco Systems Ltd ₹1,905 crore
6. [Nucleus Software Exports Ltd](https://www.sectoralpha.in/stocks/nucleus-software-exports-ltd) ₹1,718 crore
7. [Accelya Solutions India Ltd](https://www.sectoralpha.in/stocks/accelya-solutions-india-ltd) ₹1,386 crore

[All 9 IT Product Companies companies, largest first](https://www.sectoralpha.in/sectors/it-product-companies#all-companies)

### Companies close in size in other industries

1. [Indo Rama Synthetics (India) Ltd](https://www.sectoralpha.in/stocks/indo-rama-synthetics-indialtd) ₹1,909 crore · Textiles - Spinning
2. [One Point One Solutions Ltd](https://www.sectoralpha.in/stocks/one-point-one-solutions-ltd) ₹1,909 crore · IT Enabled Services
3. Ramco Systems Ltd ₹1,905 crore
4. [Reliance Infrastructure Ltd](https://www.sectoralpha.in/stocks/reliance-infrastructure-ltd) ₹1,903 crore · Infra - Power - Generation/Distribution
5. [Sanstar Ltd](https://www.sectoralpha.in/stocks/sanstar-ltd) ₹1,901 crore · Agricultural Processing - Maize

## What else do people ask about Ramco Systems? ### What is Ramco Systems's share price today? Ramco Systems Ltd's share price is ₹529.25, −15.4% over the past year. The whole company is worth ₹1,993 Cr on the market. In the last 52 weeks it traded between ₹368 to ₹806; today it is 37% of the way up from the low, 4.3% below its 200-day average (as of 3 November 2026). ### What were Ramco Systems's latest quarterly results? Ramco Systems Ltd reported revenue of ₹182 Cr and net profit of ₹0.5 Cr for the Sep 2026 quarter. Revenue rose 3.5% and profit fell 96.4% compared with a year earlier. Earnings per share were ₹0.07. The operating margin was 14.2%, 8.2 percentage points lower than a year earlier (as of 3 November 2026). ### What is Ramco Systems's market cap? Ramco Systems Ltd's market capitalisation is ₹1,993 Cr at a share price of ₹529.25. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Ramco Systems performing? Ramco Systems Ltd's share price has been rising for 19 weeks. In its latest quarter, revenue rose 3.5% and profit fell 96.4% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 9 weeks running (as of 3 November 2026). ### Will Ramco Systems's share price go up? This page does not forecast Ramco Systems Ltd's share price. What it shows instead: the share price is ₹529.25, and it has been rising for 19 weeks. Its P/E of 39.3× is higher than 29% of its own last 11 years (as of 3 November 2026). ### Who owns Ramco Systems? Promoters own 55.4% of Ramco Systems Ltd, foreign institutions 10.5%, domestic institutions 1.8% and the public 32.3% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 3.9 percentage points over 8 quarters (as of 3 November 2026). ### Does Ramco Systems have too much debt? No, Ramco Systems Ltd has little debt: its debt is 0.12× its equity, and its operating profit is 32 times its interest bill. FY26 borrowings were ₹43.0 Cr against equity of ₹350 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Ramco Systems in its business cycle? Ramco Systems Ltd's FY26 operating margin was 23.0%, against a 13-year range of −29.0% to 28.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 14.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Ramco Systems story? The main question: the P/E is near the low end of its own history, higher than only 29% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Ramco Systems a stock worth studying right now? What the numbers show: Ramco Systems Ltd's P/E is near the low end of its own history, higher than only 29% of past readings, and its quarterly results are still getting worse. The main open question: whether results start to improve. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Ramco Systems share price forecast for 2026? What is changing at Ramco Systems, from the latest results and calls: operating leverage from saas pivot and aviation mro deal wins. What would change the story: A return to negative operating margins or consecutive quarters of declining SaaS recurring revenue would break the turnaround thesis. ## Lists

- IT stocks: https://www.sectoralpha.in/sectors/it-stocks-india

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