Financials Ramco Systems Limited

Stocks

Market Closed - NSE India S.E. 15:05:09 28/10/2026 +04			5-day change	1st Jan Change
521.70 ^INR	+3.53%		-7.15%	-8.07%

10-23	Ramco Systems Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2026	CI
10-07	Ramco Systems' Unit Partners with UAE Auditor for Payroll Support	MT

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Net sales ¹	5,311	4,922	5,258	5,913	7,010	7,486	8,458	9,356
Change	-	-7.32%	6.83%	12.46%	18.54%	6.8%	12.98%	10.62%
EBITDA ¹	-	-1,354	-1,544	756.4	1,585	1,368	1,901	2,153
Change	-	-	-14.03%	148.98%	109.54%	-13.68%	38.96%	13.26%
EBIT ¹	-	-2,162	-2,416	-271.4	671.3	417	925	1,161
Change	-	-	-11.74%	88.77%	347.34%	-37.88%	121.82%	25.51%
Interest Paid ¹	-54.19	-99.51	-62.23	-49.25	-40.21	-40	-45	-51
Earnings before Tax (EBT) ¹	-	-2,207	-2,437	-265.4	488.6	436	939	1,172
Change	-	-	-10.45%	89.11%	284.09%	-10.77%	115.37%	24.81%
Net income ¹	-	-2,068	-2,419	-342.5	418.4	328	789	943
Change	-	-	-16.97%	85.84%	222.17%	-21.61%	140.55%	19.52%
Announcement Date	19/05/22	17/05/23	21/05/24	21/05/25	21/05/26	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	1,404	1,407	1,260	1,239	1,199	1,186	1,275	1,262	-	1,268	1,283	1,312	1,370	1,425	1,566	1,613	1,758	-	1,854	1,728	1,925	1,923
Change	-	0.19%	-10.43%	-1.68%	-3.23%	-1.11%	7.51%	-1.01%	-	-	1.13%	2.3%	4.4%	4.04%	9.88%	3.02%	8.96%	-	-	-6.79%	11.42%	-0.1%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-70.67	-138.1	-274.1	-290.4	-499.5	-607.8	-493.7	-561.4	-	-1,481	-257.7	-206.1	-181	-62.48	-88.36	68.12	165.4	-	220.2	22.14	183	145
Change	-	-95.4%	-98.49%	-5.95%	-71.99%	-21.69%	18.77%	-13.7%	-	-	82.6%	20%	12.22%	65.47%	-41.42%	177.09%	142.75%	-	-	-89.94%	726.56%	-20.77%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-89.25	-129	-251.6	-263.8	-506.8	-603.2	-502.7	-455.6	-467.6	-1,458	-263.5	-230.1	-196.5	-97.39	-101.7	9.41	125.9	32.59	-	-	-	125
Change	-	-44.54%	-95.02%	-4.85%	-92.16%	-19%	16.65%	9.37%	-2.63%	-211.79%	81.93%	12.69%	14.59%	50.44%	-4.39%	109.26%	1,238.26%	-74.12%	-	-	-	-
Announcement Date	28/07/21	27/10/21	12/02/22	19/05/22	26/07/22	07/11/22	01/02/23	17/05/23	07/08/23	30/10/23	07/02/24	21/05/24	24/07/24	08/11/24	05/02/25	08/08/25	04/11/25	28/01/26	21/05/26	23/07/26	-	-

¹INR in Million

Estimates

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	19/05/22	17/05/23	21/05/24	21/05/25	21/05/26	-	-	-

Estimates

Fiscal Period: March	2022	2024	2025	2026	2027	2028	2029
CAPEX ¹	876.5	-	1,070	496.9	886	835	844
Change	-	-	-	-53.56%	78.31%	-5.76%	1.08%
Free Cash Flow (FCF) ¹	41.87	250.3	63.63	847.6	397	951	1,141
Change	-	-	-74.58%	1,232.09%	-53.16%	139.55%	19.98%
Announcement Date	19/05/22	21/05/24	21/05/25	21/05/26	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Profitability
EBITDA Margin (%)	-	-27.51%	-29.36%	12.79%	22.61%	18.27%	22.48%	23.01%
EBIT Margin (%)	-	-43.93%	-45.95%	-4.59%	9.58%	5.57%	10.94%	12.41%
EBT Margin (%)	-	-44.83%	-46.35%	-4.49%	6.97%	5.82%	11.1%	12.53%
Net margin (%)	-	-42.02%	-46.01%	-5.79%	5.97%	4.38%	9.33%	10.08%
FCF margin (%)	0.79%	-	4.76%	1.08%	12.09%	5.3%	11.24%	12.2%
FCF / Net Income (%)	-	-	-10.35%	-18.58%	202.58%	121.04%	120.53%	121%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	-11.9%	-37.14%	-57.3%	-10.92%	12.57%	7%	17.1%	16.9%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	16.5%	-	-	18.09%	7.09%	11.84%	9.87%	9.02%
CAPEX / EBITDA (%)	-	-	-	141.45%	31.35%	64.77%	43.92%	39.2%
CAPEX / FCF (%)	2,093.48%	-	-	1,681.35%	58.62%	223.17%	87.8%	73.97%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	151.2	87.82	84.62	93.33	101.8	122.7	147.7
Change	-	-	-41.91%	-3.65%	10.3%	9.07%	20.53%	20.37%
EPS ¹	-23.87	-65.6	-68.51	-9.35	11.15	8.7	20.9	25
Change	-	-174.82%	-4.44%	86.35%	219.25%	-21.97%	140.23%	19.62%
Nbr of stocks (in thousands)	30,814	35,228	35,420	37,282	37,462	37,633	37,633	37,633
Announcement Date	19/05/22	17/05/23	21/05/24	21/05/25	21/05/26	-	-	-