Ramco Systems cash flow

Latest FY26

Cash from operations: ₹134cr+18.6% on FY25
Capital spending: ₹0.0cr−100.0% on FY25
Free cash flow: ₹134cr+18.9% on FY25
Cash from financing: −₹18.9cr₹12.8 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	95.4	107	92.4	85.6
	—	−12.3	−4.4	129	63.9
	—	0.0	0.1	0.9	4.6
	—	5.5	9.1	13.2	20.0
	—	−10.4	2.4	10.3	5.9
	—	−3.5	−1.2	−3.0	−3.6
	—	−12.3	−3.2	5.3	10.1
	—	−22.5	29.5	103	23.2
	—	7.7	−15.8	−0.0	−1.5
	—	26.9	4.7	−12.0	54.4
	—	15.2	14.7	13.3	1.2
Cash from operating activities
	28.8	48.9	−26.5	−244	−221
	—	89.8	143	352	264
	—	139	117	109	43.2
	—	4.2	3.6	5.0	2.9
	—	134	113	104	40.3
Cash from investing activities
	—	0.0	0.3	0.0	0.0
	—	0.3	0.7	0.4	0.1
	—	0.0	0.0	0.0	0.0
	—	76.9	80.5	0.0	118
	—	0.0	0.0	−88.8	0.0
	—	0.0	0.0	1.4	0.0
	—	3.5	0.0	0.0	0.0
	—	0.0	0.6	0.2	0.4
	—	26.9	−26.9	10.0	−10.0
	—	−46.2	−106	−76.7	−127
Cash from financing activities
	—	1.3	2.8	1.4	120
	—	0.0	30.0	0.0	10.0
	—	0.0	11.0	71.3	509
	—	0.0	11.0	109	471
	—	19.5	19.8	19.8	19.1
	—	0.0	0.1	0.9	4.6
	—	−0.6	0.0	1.1	3.2
	—	−18.9	12.8	−56.2	148
	—	69.4	19.8	−29.1	60.9
	—	10.4	−2.4	−10.3	−5.9
	—	79.8	17.4	−39.4	55.0
	—	—	—	28.4	67.8
Reference items
	141	158	75.6	−154	−135
	19.7%	22.6%	12.8%	−29.4%	−27.5%
	134	134	113	104	40.3
	—	—	113	64.9	—
	₹35.86	₹35.86	₹30.15	₹27.67	₹10.75
	14.82×	—	—	—	—
	—	3.20×	−3.31×	−0.43×	−0.19×
	—	4.2	3.6	5.0	2.9
	—	—	0.1	0.9	4.6

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

RAMCOSYS₹531.45

Ramco Systems Limited

· Technology

₹ CrorePeersNUCLEUS SUBEXLTD UNIECOM IRIS VIRINCHI XELPMOC BLUECLOUDSMcap ₹1,993 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	85.6	92.4	107.5	95.4	—
+ Impairment Loss / (Reversal)	63.9	128.9	-4.4	-12.3	—
+ Finance Costs	4.6	0.9	0.1	0.0	—
+ Share-based Payments	20.0	13.2	9.1	5.5	—
+ Unrealised FX (Gain) / Loss	5.9	10.3	2.4	-10.4	—
+ Other — Cash Effects are Investing / Financing	-3.6	-3.0	-1.2	-3.5	—
+ Other Reconciling Items	10.1	5.3	-3.2	-12.3	—
Changes in Working Capital
+ Trade Receivables — Current	23.2	103.2	29.5	-22.5	—
+ Trade Payables — Current	-1.5	-0.0	-15.8	7.7	—
+ Other Current Liabilities	54.4	-12.0	4.7	26.9	—
+ Provisions — Current	1.2	13.3	14.7	15.2	—
Cash from Operating Activities
Profit Before Tax (per I/S)	-220.7	-243.8	-26.5	48.9	28.8
+ Total Adjustments (incl. Working Capital)	263.9	352.5	143.5	89.8	—
Cash from Operations (pre-tax)	43.2	108.7	116.9	138.7	—
+ Income Taxes Paid	2.9	5.0	3.6	4.2	—
Cash from Operating Activities	40.3	103.8	113.3	134.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	0.0	0.0	0.3	0.0	—
+ Disp of Fixed Assets	0.1	0.4	0.7	0.3	—
+ Acq of Intangibles under Development	0.0	0.0	0.0	0.0	—
+ Acq of Other Long-term Assets	117.6	0.0	80.5	76.9	—
+ Disp of Other Long-term Assets	0.0	-88.8	0.0	0.0	—
+ Government Grants Received	0.0	1.4	0.0	0.0	—
+ Dividends Received — Investing	0.0	0.0	0.0	3.5	—
+ Interest Received — Investing	0.4	0.2	0.6	0.0	—
+ Other Inflows / (Outflows) — Investing	-10.0	10.0	-26.9	26.9	—
Cash from Investing Activities	-127.1	-76.7	-106.4	-46.2	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	120.1	1.4	2.8	1.3	—
+ Proceeds from Other Equity Instruments	10.0	0.0	30.0	0.0	—
+ Proceeds from Borrowings	508.6	71.3	11.0	0.0	—
+ Repayment of Borrowings	470.6	109.3	11.0	0.0	—
+ Payment of Lease Liabilities	19.1	19.8	19.8	19.5	—
+ Interest Paid	4.6	0.9	0.1	0.0	—
+ Other Inflows / (Outflows) — Financing	3.2	1.1	0.0	-0.6	—
Cash from Financing Activities	147.6	-56.2	12.8	-18.9	—
Net Changes in Cash (pre-FX)	60.9	-29.1	19.8	69.4	—
+ Effect of FX Rate Changes on Cash	-5.9	-10.3	-2.4	10.4	—
Net Changes in Cash	55.0	-39.4	17.4	79.8	—
Closing Cash	67.8	28.4	—	—	—
Reference Items
EBITDA	-135.4	-154.4	75.6	158.5	141.3
EBITDA Margin %	-27.51	-29.36	12.79	22.61	19.66
Free Cash Flow (CFO − Capex)	40.3	103.8	113.0	134.4	134.4
Free Cash Flow to Equity	—	64.9	112.9	—	—
Free Cash Flow per Basic Share	10.75	27.67	30.15	35.86	35.86
Price to Free Cash Flow	—	—	—	—	14.82
Cash Flow to Net Income	-0.19	-0.43	-3.31	3.20	—
Cash Paid for Taxes	2.9	5.0	3.6	4.2	—
Cash Paid for Interest	4.6	0.9	0.1	—	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.