| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 182 | 176 | +3.5% |
| EBITDA | 25.8 | 39.4 | −34.5% |
| EBITDA margin | 14.2% | 22.4% | −8.2 pts |
| Profit before tax | 2.5 | 16.8 | −84.9% |
| Net profit | 0.4 | 12.6 | −96.5% |
| EPS | ₹0.07 | ₹3.37 | −97.9% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 1,993 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 129 | 123 | 71.1 | 17.7 | 25.6 | ||
| 4.1 | 3.9 | 3.7 | 3.7 | 3.4 | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 38.0 | ||
| 1,868 | — | — | — | — | ||
| 719 | 701 | 591 | 526 | 492 | ||
| — | +18.5% | +12.5% | +6.8% | — | ||
| 141 | 158 | 75.6 | −154 | −135 | ||
| 19.7% | 22.6% | 12.8% | −29.4% | −27.5% | ||
| 48.2 | 67.1 | −27.1 | −242 | −216 | ||
| 29.4 | 42.1 | −34.2 | −242 | −207 | ||
| 4.1% | 6.0% | −5.8% | −46.0% | −42.0% | ||
| ₹7.77 | ₹11.16 | −₹9.13 | −₹64.52 | −₹55.16 | ||
| — | +222.2% | +85.8% | −17.0% | — | ||
| — | 134 | 113 | 104 | 40.3 | ||
| — | 0.0 | −0.3 | 0.0 | 0.0 | ||
| 134 | 134 | 113 | 104 | 40.3 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 1,992.8 | |
| - Cash, Equiv & ST Investments | 25.6 | 17.7 | 71.1 | 122.7 | 128.7 | |
| + Minority Interest | 3.4 | 3.7 | 3.7 | 3.9 | 4.1 | |
| + Total Debt | 38.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Enterprise Value | — | — | — | — | 1,868.1 | |
| Revenue | 492.2 | 525.8 | 591.3 | 701.0 | 718.6 | |
| Growth %, YoY | — | +6.8 | +12.5 | +18.5 | — | |
| EBITDA | -135.4 | -154.4 | 75.6 | 158.5 | 141.3 | |
| Margin % | -27.51 | -29.36 | 12.79 | 22.61 | 19.66 | |
| EBIT | -216.2 | -241.6 | -27.1 | 67.1 | 48.2 | |
| Net Income | -206.9 | -241.7 | -34.2 | 42.1 | 29.4 | |
| Margin % | -42.03 | -45.96 | -5.79 | 6.00 | 4.09 | |
| EPS, Adj (current shares) | -55.16 | -64.52 | -9.13 | 11.16 | 7.77 | |
| Growth %, YoY | — | -17.0 | +85.8 | +222.2 | — | |
| Cash from Operations | 40.3 | 103.8 | 113.3 | 134.4 | — | |
| Capital Expenditures | -0.0 | -0.0 | -0.3 | -0.0 | — | |
| Free Cash Flow | 40.3 | 103.8 | 113.0 | 134.4 | 134.4 | |
Prices at the previous close · figures from the company's filings with NSE
Ramco Systems (NSE: RAMCOSYS) had a market capitalisation of ₹2,002 crore at the previous close (₹531.45 a share), a PE ratio of 68.7 on the last four quarters' profit and a price-to-book ratio of 5.72. In FY26 its consolidated net profit was ₹41.8 crore on revenue of ₹701 crore; in Q2 FY27 (July–September 2026) it was ₹25 lakh, down 98.0% year on year. It had no borrowings on 30 September 2026. Promoters held 55.44% of the shares on 30 September 2026.
Ramco Systems' PE ratio is 68.7 at the previous close (₹531.45 a share): a market capitalisation of ₹2,002 crore divided by consolidated net profit of ₹29.2 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹41.8 crore) it is 47.8. These four quarters include net exceptional items of −₹21.5 crore (one-off charges reported separately), so the ratio on recurring profit would differ.
Ramco Systems' price-to-book (PB) ratio is 5.72 at the previous close: a market capitalisation of ₹2,002 crore divided by shareholders' equity (book value) of ₹350 crore on 30 September 2026. That is a book value of ₹92.88 per share against a share price of ₹531.45.
In FY26, Ramco Systems' return on equity (ROE) was 12.6% and its return on capital employed (ROCE) was 15.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was −10.9% and ROCE −6.7%.
Ramco Systems' market capitalisation was ₹2,002 crore at the previous close: 3.77 crore shares at ₹531.45 each.
Yes. Ramco Systems had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹131 crore of cash, bank balances and current investments.
Ramco Systems' basic earnings per share (EPS) were ₹11.19 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹7.80.
Ramco Systems' debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹354 crore. A year earlier, on 30 September 2025, it was 0.00.
Ramco Systems' net worth — shareholders' equity in its consolidated balance sheet — was ₹350 crore on 30 September 2026, up 7.9% from ₹324 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,002 crore at the previous close.
Promoters held 55.44% of Ramco Systems on 30 September 2026, down 0.07 percentage points from 55.51% the previous quarter and up 2.34 percentage points from 53.10% a year earlier, according to the shareholding pattern filed with NSE.
Ramco Systems' book value per share was ₹92.88 on 30 September 2026: shareholders' equity of ₹350 crore divided by the 3.77 crore shares in issue, up 7.1% from ₹86.70 a year earlier. The share price at the previous close was ₹531.45.
Ramco Systems' latest results are for Q2 FY27 (July–September 2026), filed on 23 October 2026: consolidated net profit ₹25 lakh, down 98.0% from ₹12.6 crore in Q2 FY26; revenue from operations ₹182 crore, up 3.5% year on year.
In FY26 (April 2025–March 2026), Ramco Systems' consolidated net profit was ₹41.8 crore, against a loss of ₹34.2 crore in FY25, on revenue from operations of ₹701 crore (up 18.5%).
On 30 September 2026, Ramco Systems' shares were held by promoters 55.44%, foreign portfolio investors (FII/FPI) 10.50%, domestic institutions (DII) 1.78% (including mutual funds at 1.52%) and retail and other non-institutional investors 32.28%. Over the year, FII holding was up 0.62 percentage points from 9.88% and DII holding was down 3.99 percentage points from 5.77%.
On FY26 consolidated figures, against Nucleus Software Exports, Subex and Unicommerce Esolutions: Ramco Systems' operating margin of 9.6% is the third highest of the four (Nucleus Software Exports 12.5%, Subex 4.9%, Unicommerce Esolutions 12.5%; peer average 9.9%); its return on equity of 12.6% is the third highest of the four (Nucleus Software Exports 13.6%, Subex 8.8%, Unicommerce Esolutions 15.6%; peer average 12.6%).
In FY26, Ramco Systems earned net profit of ₹41.8 crore on revenue of ₹701 crore, against ₹117 crore on ₹876 crore for Nucleus Software Exports. Ramco Systems' operating margin was 9.6% (Nucleus Software Exports 12.5%) and its return on equity 12.6% (Nucleus Software Exports 13.6%).
In FY26, Ramco Systems generated ₹134 crore of cash from operations and spent ₹0 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹134 crore. In FY25 it was ₹113 crore.
Ramco Systems has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
From Ramco Systems' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.