Ramco Systems Limited (RAMCOSYS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ramco Systems Limited stock ₹258, price ₹526, that is 51.0% below the price, quality 67 out of 100. Rating: strongly overvalued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range ₹191.05 – ₹886.15 · fair‑value band ₹182.88 – ₹349.49 · the ₹525.95 price screens above the ₹257.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Ramco Systems Limited operates as an enterprise software company in the United States, Europe, the Asia-Pacific, India, and the Middle East, and Africa.
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It offers Aviation, Aerospace & Defense that includes maintenance, repair, and overhaul; engine MRO; maintenance & engineering; defense asset management; flight operations; and feet technical management.
It also provides ERP, including enterprise asset management, production, finance, and supply chain, project and facility management. In addition, the company offers payroll, comprising daily HR, payroll workspace, managed services, BInGO, and Chia AI assistant.
Further, it provides logistics software, such as transport management, warehouse management, fleet management, finance and accounting, hub management and rating and billing. Additionally, the company offers computer programming, consultancy, hosting, and related services.
Ramco Systems Limited was incorporated in 1997 and is headquartered in Chennai, India.
Stock analysis
Ramco Systems Limited (RAMCOSYS) currently trades at ₹525.95, while our model-based Fair Value estimate is ₹257.52, 51% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹311.30 per share, and 2 of the 22 models we run sit above the ₹525.95 price.
Bear case: the Earnings-Based group reads lowest at ₹105.84, and 20 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹182.88 (bear) to ₹349.49 (bull), the price of ₹525.95 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 67/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Ramco Systems Limited reported revenue of ₹7.0B in FY2026 versus ₹5.3B in FY2022, a compound +7.2%/yr. Reported net income was ₹418M in FY2026.
Key figures
Market cap ₹19.7B (≈ $210M) Micro · P/E ratio 67.8 · P/S ratio 2.77 · EPS (TTM) ₹7.76 · Net margin 5.8% · Return on equity 12.5% · Return on assets (EBIT) −8.7% (5-year average) · Operating margin 2.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (medium confidence).
What moves the price
The share trades about 41% below its 52-week high and 53% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −51%, RAMCOSYS screens richer than that median.
Fair Value models
Bear₹182.88Fair Value ₹257.52Bull₹349.49
Price ₹525.95 · Downside -51.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹4.74 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.Coverage ⓘCoverage = 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.67/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.5%
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.
+12.5%
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.
+2.3%
Start year 2021 (pandemic). Over 10 years: +4.7% a year
Revenue growth 21 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.
+5.7%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+0.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0.7% vs 7.8%, slowing
Profit margin 2021 to 2026 ⓘ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.23% → 8%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+27.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +22.3% a year for the price.
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.Software - Application · 628 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Above median
Fair Value upside−51.0% · Below median
Profitability
Return on equity (12 months)12.5% · Above median
Return on assets5.6% · Above median
Net margin (12 months)5.8% · Above median
Operating margin (12 months)2.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)7.1% · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)67.8× · Priciest 25%
P/B5.64× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)2.77× · Pricier than median
Price / free cash flow (fiscal year)32.3× · Pricier than median
EV/EBITDA13.4× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)36· sector 41
PAST (return on equity)50· sector 20
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ramco Systems Limited Fair Value". https://www.fairvalue-calculator.com/stock/RAMCOSYS
Frequently asked questions
Is Ramco Systems Limited (RAMCOSYS) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ₹257.52 versus a price of ₹525.95, about 51% lower (overvalued).
What is the fair value of RAMCOSYS?
Our model-based fair value for Ramco Systems Limited is ₹257.52 (as of Nov 6, 2026), built from audited fundamentals. The current price: ₹525.95.
What is the quality score of RAMCOSYS?
Ramco Systems Limited has a Quality Score of 67/100. 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 (RAMCOSYS)?
Our model-based price target is the fair value of ₹257.52 (as of Nov 6, 2026) from 22 valuation models. Cautious scenario ₹182.88, optimistic scenario ₹349.49. 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 ₹257.52, about 51% lower versus a price of ₹525.95 (overvalued). Cautious scenario ₹182.88, optimistic scenario ₹349.49. The calculation is refreshed regularly with new filings.
What is the revenue of Ramco Systems Limited (RAMCOSYS)?
Ramco Systems Limited reported trailing-twelve-month revenue of about ₹7.1B (latest available figure, as of Nov 6, 2026).
What growth is priced into Ramco Systems Limited (RAMCOSYS)?
For today's price to be fair in a discounted-cash-flow model, Ramco Systems Limited would have to grow free cash flow by +27.4 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.3 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of RAMCOSYS use?
Our models discount Ramco Systems Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.60, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ramco Systems Limited that is +27.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Ramco Systems Limited (RAMCOSYS) delivered so far?
Over the past 5 years revenue at Ramco Systems Limited grew +2.3 % a year. The price currently implies free-cash-flow growth of +27.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ramco Systems Limited (RAMCOSYS) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Ramco Systems Limited (+27.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ramco Systems Limited (RAMCOSYS)?
The free-cash-flow yield on the price is 3.09 %: that much free cash flow Ramco Systems Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ramco Systems Limited (RAMCOSYS)?
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 ₹257.52 per share (as of Nov 6, 2026), against a price of ₹525.95. It is the blended result of 22 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Ramco Systems Limited stock overvalued or undervalued in 2026?
As of Nov 6, 2026, RAMCOSYS trades above its calculated fair value: price ₹525.95, fair value ₹257.52, a gap of about −51% (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 RAMCOSYS?
No. The price is what the market pays today (₹525.95); the fair value is what the company's own numbers justify (₹257.52). For Ramco Systems Limited the two are ₹268.43 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 ₹19.7B (market capitalisation, as of Nov 6, 2026). Per share that is ₹525.95; our models calculate a fair value of ₹257.52 per share.
What do the bullish and bearish scenarios say about RAMCOSYS?
Our models span a range for Ramco Systems Limited: cautious scenario ₹182.88, base ₹257.52, optimistic ₹349.49 per share (as of Nov 6, 2026, price ₹525.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RAMCOSYS?
Ramco Systems Limited trades at a price-to-earnings ratio of 67.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹257.52 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2017 to 2026), reported earnings: 37.7. Other multiples: P/B 5.6, P/S 2.8, EV/EBITDA 13.4.
How solid is the balance sheet of Ramco Systems Limited (RAMCOSYS)?
Balance-sheet figures for Ramco Systems Limited (as of Nov 6, 2026): return on equity 12.5%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is RAMCOSYS from its 52-week high?
Ramco Systems Limited trades at ₹525.95, about 41% below its 52-week high of ₹886.15 and 53% above the low of ₹344.05 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹257.52 is for.
Which stocks are comparable to Ramco Systems Limited?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, 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 Nov 6, 2026: price ₹525.95, calculated fair value ₹257.52 (−51%), Quality Score 67/100, from 22 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 RAMCOSYS calculated?
We run Ramco Systems Limited through 22 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹257.52 builds on their evidence-weighted average, 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 13.3% 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 (RAMCOSYS)?
The closing price on Nov 6, 2026 was ₹525.95. Our model-based fair value is ₹257.52, about 51% lower (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 (₹349.49). The favourable scenario is already priced in. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹182.88 to ₹349.49) leaves room in how you read the outcome.
Key figures of Ramco Systems Limited
How large is the market capitalisation of Ramco Systems Limited (RAMCOSYS)?
The market capitalisation of Ramco Systems Limited is ₹19.7B (≈ $210M). 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 (RAMCOSYS)?
The price-to-sales ratio of Ramco Systems Limited is 2.77 (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 (RAMCOSYS)?
Earnings per share at Ramco Systems Limited are ₹7.76 (price ÷ EPS = P/E 67.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ramco Systems Limited (RAMCOSYS)?
The net margin of Ramco Systems Limited is 5.8% (last twelve months). 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 (RAMCOSYS)?
The return on equity (ROE) of Ramco Systems Limited is 12.5% (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 (RAMCOSYS)?
On an EBIT basis the return on assets of Ramco Systems Limited is −8.7% (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 (RAMCOSYS)?
The operating margin of Ramco Systems Limited is 2.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ramco Systems Limited (RAMCOSYS)?
Revenue at Ramco Systems Limited is growing +7.1% versus a year earlier (3y avg +12.5%). 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 (RAMCOSYS)?
Earnings per share at Ramco Systems Limited are growing −36.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ramco Systems Limited (RAMCOSYS) hold?
Ramco Systems Limited holds more cash than debt, ₹827M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Nov 6, 2026