Key Metrics of Ramco Systems
About Ramco Systems
Sectors
Company details
- Website
- ramco.com
- Founded
- 1992
- Registered office
- 47 P S K Nagar Kamaraja Dist, Rajapalayam, In-tn, 626108
- Listed
- NSE: RAMCOSYS · ₹529.35
Operational Areas of Ramco Systems
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
PositiveUpgraded by ICRA on 22 Oct 2026
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 22 Oct 2026 | ICRA | Upgraded | A- | A2+ | Stable | — | View |
Credit strengths (ICRA, Oct 2026)
+ Extensive track record of nearly three decades
Incorporated in 1997, RSL offers customised global payroll, logistics, services resource planning (SRP) and enterprise asset management (EAM) solutions across various industries.
+ Diversified customer base of reputed companies
The company has an established clientele of reputed companies, including Fortune 500 companies from diverse sectors.
+ Financial flexibility as part of the Ramco Group
The Ramco Group of companies has diversified interests in cement, cotton, synthetic yarn, building products, software solutions, clean energy, and biotechnology, among other sectors.
+ Comfortable capital structure
RSL’s debt exposure is restricted to lease liabilities.
Credit challenges
− Low order booking in past few quarters; ramp-up in order inflows remains critical for revenues and margins
RSL’s fresh order bookings moderated to $51.7 million in FY2026 from $55.8 million in FY2025, amid subdued global demand and delayed customer decisions.
− High competitive intensity; vulnerable to industry risks such as employee attrition and adverse changes in Government policies
RSL faces intense competition from large established players, limiting its pricing flexibility and exerting pressure on margins.
− Exposure to forex risk
RSL’s profit margins are susceptible to volatility in forex rates and have been impacted by forex gain/ loss arising from the same in the past.
Could lead to an upgrade
The ratings could be upgraded if RSL demonstrates sustained growth in revenues supported by increasing order inflows, alongside an expansion in margins, while maintaining healthy
Could lead to a downgrade
The ratings could be downgraded if weakness in RSL’s order inflows leads to a material decline in its order book, revenues and earnings, or if deterioration in collections weakens its
Agency-reported financials (ICRA, 22 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹591 Cr | ₹701 Cr |
| PAT | ₹-34.30 Cr | ₹42.00 Cr |
| OPBDITA/OI | 13.7% | 21.5% |
| PAT/OI | -5.8% | 6.0% |
| Total outside liabilities/Tangible net worth (times) | 1.00× | 1.00× |
| Total debt/OPBDITA (times) | 0.70× | 0.30× |
| Interest coverage (times) | 13.70× | 28.90× |
| Revenue growth (YoY) | — | 18.6% |
| EBITDA (margin × income) | ₹81.01 Cr | ₹151 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹56.71 Cr | ₹45.22 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹5.91 Cr | ₹5.22 Cr |
Borrowings & rated debt
Credit assessment · Services
Rating Methodology – Service Sector Companies · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 88% |
| Information on file | 67% · missing: Capex / investment plans, Lender details, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 88% chance the next rating action is stable or better
- Current rating A- (investment grade)
- Interest coverage 28.9×
Rated limits by facility
Timeline
From the report
It has sanctioned working capital limits of Rs. 75.0 crore, which remained unutilisedduring the past 12 months.
From the report
The company raised Rs. 160.0 crore over the last five years, which supported its net worth and funded past losses.
From the report
Liquidity Position: Adequate RSL’s liquidity is adequate with expected retained cash flow of Rs. 110 -120 crore in FY2027, cash and liquid balances of Rs. 125.7 crore as on March 31, 2026, and a buffer in working capital limits (against drawing power) of Rs. 45 -55 crore as on June 30, 2026.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Ramco Systems
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Infosys |
IT Services & Consulting · IT Services | infosys.com | 1981 | India |
 Wipro |
Part of Wipro. | wipro.com | 1945 | India |
 Tata Consultancy Services |
Indian IT Services · IT Services & Software | tcs.com | 1968 | Mumbai, India |
 HCL Technologies |
Indian IT Services · IT Services & Software | hcltech.com | 1991 | New Delhi, India |
 Tech Mahindra |
IT Services & Consulting · IT Services | techmahindra.com | 1987 | Mumbai, India |
 LTM LIMITED |
Indian IT Services · Business Services | ltm.com | 1997 | Mumbai, Maharashtra, India |
 COFORGE LIMITED |
Travel & Tourism · Restaurants, Hotels & Travel | coforge.com | — | Gurugram, Haryana, India |
 Mphasis |
Indian IT Services · IT Services & Software | mphasis.com | 2000 | Bangalore, India |
 Persistent Systems |
IT Services & Consulting · IT Services | persistent.com | 1990 | Pune, India |
 Meesho |
Product & Internet Companies · IT Services & Software | meesho.com | — | Bangalore, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
enterprise software
Filings
No filings on record yet.