Ramco Systems Limited (532370) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Ramco Systems Limited ₹113, price ₹546, upside -79.3%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹190.00 – ₹886.15 · fair‑value band ₹92.06 – ₹136.20 · the ₹546.45 price screens above the ₹113.29 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Ramco Systems Limited operates as an enterprise software company in India, the Americas, Europe, APAC, the Middle East, and Africa.
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Ramco Systems Limited operates as an enterprise software company in India, the Americas, Europe, APAC, the Middle East, and Africa. The company offers Ramco AviationSoftware, an enterprise-wide M&E/MRO software to address the needs of airlines, heli operators, MROs, and business aviation segments; Ramco VirtualWorks, a software meta model that captures data required to generate and deliver solutions in various technology platforms; and Ramco DecisionWorks for analytics/reporting. It also provides Ramco ERP on Cloud, a suite of products that covers enterprise functions, such as manufacturing; financial, supply chain, human capital, customer relationship, enterprise asset, and project management; process control; analytics; advanced planning and optimization; and connectors. In addition, the company offers Ramco Human Capital Management, a HR and talent management, and payroll software; and Ramco Logistics Software, a cloud based software that covers the needs of third-party logistics, freight forwarders, and parcel/courier service providers. Further, it provides computer programming, consultancy, hosting, and related services. Ramco Systems Limited was founded in 1992 and is headquartered in Chennai, India.
Stock analysis
Ramco Systems Limited (532370) currently trades at ₹546.45, while our model-based Fair Value estimate is ₹113.29, 79.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹127.52 per share, and 0 of the 10 models we run sit above the ₹546.45 price.
Bear case: the Multiples group reads lowest at ₹40.01, and 10 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹92.06 (bear) to ₹136.20 (bull), the price of ₹546.45 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Ramco Systems Limited reported revenue of ₹5.9B in FY2025 versus ₹6.3B in FY2021, a compound −1.4%/yr. Reported net income was −₹342M in FY2025.
Key figures
Market cap ₹20.4B (≈ $212M) · P/E ratio 46.6 · P/S ratio 2.57 · EPS (TTM) ₹9.95 · Net margin −5.8% · Return on equity 5.2% · Return on assets (EBIT) −11.8% · Operating margin 9.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 59% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 44% fair-value upside, at −79%, 532370 screens richer than that median.
Fair Value models
Bear ₹92.06Fair Value ₹113.29Bull ₹136.20
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹9.95 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+12.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.8%
Start year 2020 (pandemic). Over 10 years: +5.1% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.6%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
5.3% (2020) → −3.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 464 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Profitability
Return on equity (TTM)5.2% · Below median
Return on assets3.8% · Above median
Net margin (TTM)5.2% · Above median
Operating margin (TTM)9.9% · Above median
Growth and dividend
Revenue growth7.1% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Ramco Systems Limited Fair Value". https://www.fairvalue-calculator.com/stock/532370
Frequently asked questions
Is Ramco Systems Limited (532370) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹113.29 versus a price of ₹546.45, about −79% upside (overvalued).
What is the fair value of 532370?
Our model-based fair value for Ramco Systems Limited is ₹113.29 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹546.45.
What is the quality score of 532370?
Ramco Systems Limited has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ramco Systems Limited (532370)?
Our model-based price target is the fair value of ₹113.29 (as of Sep 24, 2026) from 10 valuation models. Cautious scenario ₹92.06, optimistic scenario ₹136.20. It is a calculation from audited fundamentals, not an analyst target.
What is the Ramco Systems Limited stock forecast for 2026?
Our models put fair value at ₹113.29, about −79% upside versus a price of ₹546.45 (overvalued). Cautious scenario ₹92.06, optimistic scenario ₹136.20. The calculation is refreshed regularly with new filings.
What is the revenue of Ramco Systems Limited (532370)?
Ramco Systems Limited reported trailing-twelve-month revenue of about ₹5.9B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Ramco Systems Limited (532370)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ramco Systems Limited it is ₹113.29 per share (as of Sep 24, 2026), against a price of ₹546.45. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Ramco Systems Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 532370 trades above its calculated fair value: price ₹546.45, fair value ₹113.29, a gap of about −79% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 532370?
No. The price is what the market pays today (₹546.45); the fair value is what the company's own numbers justify (₹113.29). For Ramco Systems Limited the two are ₹433.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ramco Systems Limited worth?
The market values Ramco Systems Limited at about ₹20.4B (market capitalisation, as of Sep 24, 2026). Per share that is ₹546.45; our models calculate a fair value of ₹113.29 per share.
What do the bullish and bearish scenarios say about 532370?
Our models span a range for Ramco Systems Limited: cautious scenario ₹92.06, base ₹113.29, optimistic ₹136.20 per share (as of Sep 24, 2026, price ₹546.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 532370?
Ramco Systems Limited trades at a price-to-earnings ratio of 46.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹113.29 is built from several models across several years. Other multiples: P/B 4.8, P/S 2.6, EV/EBITDA 21.5.
How solid is the balance sheet of Ramco Systems Limited (532370)?
Balance-sheet figures for Ramco Systems Limited (as of Sep 24, 2026): return on equity 5.2%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 532370 from its 52-week high?
Ramco Systems Limited trades at ₹546.45, about 38% below its 52-week high of ₹886.15 and 59% above the low of ₹344.65 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹113.29 is for.
Which stocks are comparable to Ramco Systems Limited?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ramco Systems Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹546.45, calculated fair value ₹113.29 (−79%), Quality Score 49/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 532370 calculated?
We run Ramco Systems Limited through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹113.29, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Ramco Systems Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ramco Systems Limited (532370)?
The closing price on Oct 1, 2026 was ₹546.45. Our model-based fair value is ₹113.29, about −79% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ramco Systems Limited right now?
The price sits above even our optimistic bull case (₹136.20). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Ramco Systems Limited
How large is the market capitalisation of Ramco Systems Limited (532370)?
The market capitalisation of Ramco Systems Limited is ₹20.4B (≈ $212M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ramco Systems Limited (532370)?
The price-to-sales ratio of Ramco Systems Limited is 2.57 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ramco Systems Limited (532370)?
Earnings per share at Ramco Systems Limited are ₹9.95 (price ÷ EPS = P/E 46.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ramco Systems Limited (532370)?
The net margin of Ramco Systems Limited is −5.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ramco Systems Limited (532370)?
The return on equity (ROE) of Ramco Systems Limited is 5.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ramco Systems Limited (532370)?
On an EBIT basis the return on assets of Ramco Systems Limited is −11.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ramco Systems Limited (532370)?
The operating margin of Ramco Systems Limited is 9.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ramco Systems Limited (532370)?
Revenue at Ramco Systems Limited is growing +7.1% versus a year earlier (3y avg +3.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ramco Systems Limited (532370)?
Earnings per share at Ramco Systems Limited are growing +126% versus a year earlier. How much earnings per share grew versus a year earlier.
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