Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 5 Oct - Ramco Systems partners with Altron to sell Ramco Payce in UAE and Saudi Arabia.
Source: Bse
Ramco Systems Limited (RAMCOSYS)
Small CapIT stocks · Small cap · NSE
Ramco Systems Limited operates in Software Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result24 Jul, 01:34 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
70BullishSMA20 -2.3% / mo · MACD + · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 51
Sector RS: 100
Sector 3M: +8.9% vs Nifty 500 -5.6%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
RAMCOSYSD candles · FIT view+34.1%Latest close ₹561.90 on 2026-10-19
Bar
-1.4%
RSI
47
MACD hist
3.27
52W pos
35%
2026-10-19O ₹570.00H ₹572.20L ₹557.15C ₹561.90Vol 40,267 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
RAMCOSYSNifty ITNifty 500
- RAMCOSYS
- -30.1%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- -24.5 pp
Chart stats
19 Oct 2026- From 52W high
- -41.9%
- 52W range position
- 35%
- ATR (14)
- 4.5%
- Volume vs 20D
- 0.62x
- Avg traded value
- ₹3.7 Cr
- 20D price channel
- ₹526.9 - ₹612
₹967.5
₹342.1 - ₹967.5
₹25.1
Latest completed session
20-session average
45.9% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · FAIR VALUE46
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +7.1% · PAT -48.1% YoY
Technical
Bullish70
Price trend and sector-relative-strength timing.
Valuation
Legacy model-472.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence79
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -48% YoY · margin compression · Rev +7% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹172.8 Cr | +7.1% | -6.8% |
| EBITDA | ₹25.5 Cr | -12.4% | -43.5% |
| Operating margin | 14.7% | -327 bps | -959 bps |
| PAT | ₹0.6 Cr | -48.1% | -97.8% |
| PAT margin | 0.3% | -35 bps | -1326 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 33.20
- P/B
- 5.94
- EV/EBITDA
- 8.64
- Market Cap
- 2090.00Cr
Profitability
- ROE
- 18.10%
- ROCE
- 19.70%
- ROA
- 5.64%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 2.00%
- EPS 5Y
- 2.00%
- Revenue 3Y
- 13.00%
- EPS 3Y
- 32.00%
Balance Sheet
- Debt/Equity
- 0.12
- Interest Coverage
- 38.75×
- Altman Z
- 5.57
- Book Value
- 93.40
Cash Flow
- FCF Yield
- 4.69%
- FCF Positive Y
- 6/5
- OCF
- 134.00 Cr
- EPS TTM
- 11.09
Shareholding
- Promoter Hold
- 55.51%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 34%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 173-6.8% vs prev
Net Profit
₹ CrLatest: 0.6-97.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 47. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~2.3% over last month) — short-term momentum negative.
- RSI(14) at 47 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 42% off 52W high · 64% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
59
RS percentile
Stage 1 Base / Transition
1M return
-0.9%
3M return
-30.1%
6M return
+30.2%
1Y return
-12.4%
RS 1D
-6
RS 20D
-16
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is within 1.9% of the 30-week proxy.
- The 30-week proxy changed +3.3% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price above
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 116.71-0.67%
RS vs Nifty 500117
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation1/30
Growth7/25
Quality14/20
Balance Sheet10/15
Cash Flow9/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
46
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
46/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 4.7%.
- Piotroski is strong at 8/9.
- Cash flow contributes 9/10 to the score.
Main drags
- Fair-value margin of safety is negative at -472.5%.
- Valuation is weaker at 1/30; verify the latest quarterly trend.
- Growth is weaker at 7/25; verify the latest quarterly trend.
Sector valuation model
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
33.2
PB
5.9
EV/EBITDA
8.6
ROE
18.1%
ROCE
19.7%
FCF Yield
4.7%
Debt/Equity
0.1
MoS
-472.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
46
Previous: 46
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-472.5%
Previous: -472.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
46
46
46
46
46
46
46
46
46
46
46
46
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹152.66
-268.1% MoS
Growth-justified P/E
8.8
Growth-justified Value
₹98.15
-472.5% MoS
PEG
10.38
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
VERANDA
Small
Veranda Learning Solutions Limited
IT Services / Digital
match 167
55
31.8
3.8%
+92%
FAIR VALUE
ONEPOINT
Small
One Point One Solutions Limited
IT Services / Digital
match 167
32
44.7
7.2%
-55%
WATCHLIST
RACLGEAR
Small
RACL Geartech Limited
IT Services / Digital
match 166
42
36.7
17.0%
-11%
WATCHLIST
SILVERTUC
Small
Silver Touch Technologies Limited
IT Services / Digital
match 165
58
41.8
24.4%
-20%
FAIR VALUE
NINSYS
Small
NINtec Systems Limited
IT Services / Digital
match 165
54
46.6
40.6%
-54%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Ramco Systems Limited operates in Software Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
79Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 88th percentile of the scored universe and 84th percentile within IT. Main check: results consistency is weak at 50/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
26 docs text-extracted · 13 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
88th percentile
overall median 67 · IT: 84th pctile, median 69 · Small: 90th pctile, median 66
Evidence depth
Financial-only
26 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
90
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
84
strong · capital discipline
Results
50
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 55.5%.
- ▸Promoter pledge is zero.
- ▸Promoter holding increased 2.4%.
- ▸FCF yield is positive at 4.3%.
Trust risks
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
- ▸OPM spread across recent quarters is 17.8%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Ramco Systems Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 24 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 10 Sep - Ramco marks 30 years in Malaysia and previews new AI-native enterprise platform.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 27 Aug - Ramco Systems successfully implemented Payce for Cromwell’s Australia payroll operations.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.