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20% Upper Circuit Hit After Multi-million Dollar Massive Deal With South Korea Airline

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Ramco Systems Ltd (NSE: RAMCOSYS): Today, in this post we’ll discuss Ramco Systems share latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

There has been a rapid rise in small-cap company Ramco Systems shares. Shares of Ramco Systems rose by 20 percent to Rs 341.75 on the last trading days. 

The company’s shares had closed at Rs 284.80 on Tuesday. This sharp rise in the shares of Ramco Systems has come due to a big deal with South Korea’s largest airline Korean Air. 

The 52-week high level of Ramco Systems shares is Rs 356.65. At the same time, the 52-week low level of the company’s shares is Rs 209.10.

Multi-million dollar contract made in partnership with Korean Air. The aviation software company Ramco Systems has signed a multi-million dollar contract together with Korean Air.

This agreement is for technical support at the Korean Air’s newest engine maintenance facility.

The association of Ramco Systems and Korean Air was officially announced in Chicago. The announcement comes after the Korean airline announced the opening of an engine repair, maintenance, and overhaul (MRO) facility in Unbak close to Incheon International Airport.

The Shares Of The Company Climbed By 50% In Just One Year

Shares of Ramco Systems have seen a good rise in the last year. The company’s shares have risen by about 53% in the last year. 

Shares of Ramco Systems, a company associated with the software products industry, were at Rs 224.45 on April 10, 2023. The shares of the company reached Rs 341.75 on April 10, 2024. 

At the same time, shares of Ramco Systems have risen by 16% so far this year. At the beginning of the year, on January 1, 2024, the company’s shares were at Rs 295.05, which has now crossed Rs 340. The market capitalization for Ramco Systems is Rs 1210 crore.

About Ramco Systems Ltd Company 

The company develops Enterprise Resource Planning (ERP) software solutions. 

It includes a wide range of verticals across different fields like the core ERP Aviation maintenance, repair and overhaul logistics as well as maintenance of supply chain management, engineering asset management, financial inventory procurement and process monitoring, control of service along project management.

Ramco offers features such as Talk It, which allows transactions to be carried out by voice commands, Bot It, which allows users to complete transactions using natural conversations; Mail It, which transact with the application by just sending an email; HUB It, one screen does it all concept built to address all activities of a user; Thumb It, mobility where the system presents users with option to choose rather than type values and Prompt It, a cognitive ability which enables the system to complete the transaction and prompts the user for approval.

Fundamental Analysis of Ramco Systems Ltd

Market Cap₹ 1,204 Cr.
Current Price₹ 341
52-wk High₹ 357 
52-wk Low₹ 209
Stock P/E
Book Value₹ 101
Dividend0.00 %
ROCE-32.6 %
ROE-37.1 %
Face Value₹ 10.0
P/B Value3.37
OPM-36.9 %
EPS₹ -75.0
Debt₹ 81.1 Cr.
Debt to Equity0.23

Ramco Systems Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹350₹384
2025₹380₹444
2026₹415₹471
2027₹500₹512
2028₹500₹544
2029₹521₹584
2030₹547₹600
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Ramco Systems Ltd Shareholding Pattern

Promoters Holding
Dec 202254.27%
Mar 202352.14%
June 202352.12%
Sept 202352.02%
Dec 202351.96%
FII Holding
Dec 20220.07%
Mar 20237.83%
June 20237.98%
Sept 20239.69%
Dec 202310.09%
DII Holding
Dec 20227.39%
Mar 20236.21%
June 20235.94%
Sept 20235.93%
Dec 20235.94%
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Public Holding
Dec 202238.27%
Mar 202333.82%
June 202333.96%
Sept 202332.35%
Dec 202332.02%

Ramco Systems Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 542 Cr
2020₹ 569 Cr
2021₹ 626 Cr
2022₹ 531 Cr
2023₹ 521 Cr

Last 5 Years’ Net Profit:

2019₹ 17 Cr
2020₹ 11 Cr
2021₹ 57 Cr
2022₹ -73 Cr
2023₹ -264 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.14
20200.15
20210
20220
20230.07

Last 10 Years’ Profit Growth:

10 Years:
5 Years:
3 Years:
Current Year:-41%

Last 10 years’ Return on Equity (ROE):

10 Years:-3%
5 Years:-7%
3 Years:-12%
Last Year:-37%

Sales Growth Over 10 Years:

10 Years:7%
5 Years:1%
3 Years:-5%
Current Year:6%

Conclusion

This article is a complete guide about Ramco Systems Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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