Any current/future new fundraising through debt or equity?

There is no mention of any current or future fundraising through debt or equity in the provided document. The company reported being cash surplus in Q3 FY2021 and has actively repaid borrowings to the extent of Rs.38 crores in that quarter. Total debt has been reduced to less than Rs.12 crores, with Rs.84 crores repaid over the first three quarters. The company appears focused on reducing debt rather than raising new funds through debt or equity. No forward-looking statements or indications regarding raising capital through equity or debt are provided in the call or fact sheet.

Any current/future capex/capital investment/strategic investment?

The company is planning to upgrade its technology over the next 12 months to make products highly modern and attract customers. They are investing in innovation in R&D to transform to the next generation of technology. Minimal manpower addition (~25-30 people) for delivering the new user interface, indicating controlled investment in human resources. Incremental operating expenses due to securing data storage geographically, including maintaining a copy of internal data center outside India (in Singapore). No significant increase in other operating expenses expected apart from wage bill increm

Future growth expectations in sales/revenue/volumes?

Positive sentiment on market demand, but uncertainty remains due to COVID-related lockdowns and travel restrictions. Aim to achieve annual booking upwards of USD 30 million, which can bring the company closer to USD 100 million annual revenue run rate. Growth driven by increased bookings in Aviation, Logistics, and HR & Payroll business lines, with larger deal sizes noted in recent quarters. Transition to usage-based SaaS models (especially in Logistics and HR & Payroll) expected to provide more stable and recurring revenues. Faster implementation cycles (as low as 2-3 months for HR pr

Future growth expectations in earnings/operating earnings/profits/EPS?

The company is optimistic about growth with increasing deal sizes and bookings, particularly in Aviation, Logistics, HR, and Payroll sectors. The transition to SaaS models promises stable and recurring revenue streams, improving revenue predictability. EBITDA margins have improved to above 30% due to better revenue and controlled expenses; expected to stabilize around 25-30% as travel and marketing costs normalize. Technology upgrades and automation are expected to enhance product appeal and accelerate go-lives, supporting margin improvement. Management is confident that sustained booking of o

Current/ Expected Orderbook/ Pending Orders?

The unexecuted order book (pending orders) figures in USD million are: - Dec 2020: 177.77 - Sep 2020: 176.29 - Jun 2020: 166.55 - Mar 2020: 166.00 - Dec 2019: 153.00 - Dec 2018: 115.94 The order book has been relatively stable around USD 166-177 million during 2020. The footnote clarifies that unexecuted order book includes new orders, renewals, reversals, and adjustments based on current financial year foreign currency rates. Booking showed a significant increase in Q3 FY2021—Q3 bookings recorded 45% QoQ growth, reaching about USD 38 million, driven primarily by a large aviation d

Ramco Systems LtdQ3 FY21IT - Software

Ramco Systems Ltd Q3 FY21 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹546P/E: 34.7Market Cap: ₹2.2K CrSector: IT - Software

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

N/A

Order

Yes

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3

Positive sentiment on market demand, but uncertainty remains due to COVID-related lockdowns and travel restrictions.
Aim to achieve annual booking upwards of USD 30 million, which can bring the company closer to USD 100 million annual revenue run rate.
Growth driven by increased bookings in Aviation, Logistics, and HR & Payroll business lines, with larger deal sizes noted in recent quarters.
Transition to usage-based SaaS models (especially in Logistics and HR & Payroll) expected to provide more stable and recurring revenues.
Faster implementation cycles (as low as 2-3 months for HR projects) to accelerate revenue recognition and improve customer experience.
Expansion into new markets including Europe and newer segments like drones and space launch vehicles.
Deal momentum expected to be strong, though quarter-to-quarter lumpiness may occur due to large deal sizes.
Strategic partnerships (e.g., Oracle, Workday, US defense partners) enhancing pipeline and sales reach.
Technology upgrades ongoing to support next-generation innovation and attract more customers.

Margin guidance

Category 3

The company is optimistic about growth with increasing deal sizes and bookings, particularly in Aviation, Logistics, HR, and Payroll sectors.
The transition to SaaS models promises stable and recurring revenue streams, improving revenue predictability.
EBITDA margins have improved to above 30% due to better revenue and controlled expenses; expected to stabilize around 25-30% as travel and marketing costs normalize.
Technology upgrades and automation are expected to enhance product appeal and accelerate go-lives, supporting margin improvement.
Management is confident that sustained booking of over USD 30 million quarterly may enable crossing a USD 100 million annual revenue run rate medium-term.
Uncertainties remain due to COVID-related factors affecting booking volatility and deal closures.
Deferred tax liabilities will continue as profits grow but do not affect cash flow.
Overall, the company expects recurring revenue growth and operational efficiencies to drive future profit and EPS expansion.

See what Ramco Systems Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

There is no mention of any current or future fundraising through debt or equity in the provided document.
The company reported being cash surplus in Q3 FY2021 and has actively repaid borrowings to the extent of Rs.38 crores in that quarter.
Total debt has been reduced to less than Rs.12 crores, with Rs.84 crores repaid over the first three quarters.
The company appears focused on reducing debt rather than raising new funds through debt or equity.
No forward-looking statements or indications regarding raising capital through equity or debt are provided in the call or fact sheet.

Order book

Yes

The unexecuted order book (pending orders) figures in USD million are:
- Dec 2020: 177.77
- Sep 2020: 176.29
- Jun 2020: 166.55
- Mar 2020: 166.00
- Dec 2019: 153.00
- Dec 2018: 115.94
The order book has been relatively stable around USD 166-177 million during 2020.
The footnote clarifies that unexecuted order book includes new orders, renewals, reversals, and adjustments based on current financial year foreign currency rates.
Booking showed a significant increase in Q3 FY2021—Q3 bookings recorded 45% QoQ growth, reaching about USD 38 million, driven primarily by a large aviation deal in Europe.
The CEO and Chairman expressed optimism about continuing strong booking momentum despite potential lumpiness due to large deals.
Pipeline growth is supported by partnerships with Oracle, Workday, and defense contractors, especially in the USA defense and HR payroll businesses.

See what Ramco Systems Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

The company is planning to upgrade its technology over the next 12 months to make products highly modern and attract customers.
They are investing in innovation in R&D to transform to the next generation of technology.
Minimal manpower addition (~25-30 people) for delivering the new user interface, indicating controlled investment in human resources.
Incremental operating expenses due to securing data storage geographically, including maintaining a copy of internal data center outside India (in Singapore).
No significant increase in other operating expenses expected apart from wage bill increments and hosting charges for enhanced security.
Travel expenses are not expected to return to previous high levels due to remote implementation capabilities.
The focus is on increasing automation for large-scale systems and faster go-live timelines, which implies strategic investment in process improvements rather than heavy capital expenditure.

Track Ramco Systems Ltd — get its next earnings analysis in your feed

How does Ramco Systems Ltd rank vs peers in IT - Software?

Pro feature

ThisRamco Systems Ltd

Rev 3Mar 3

See where Ramco Systems Ltd sits in IT - SoftwareSee which companies these are, and every other name in the sector.Open rankings

How does Ramco Systems Ltd rank in IT - Software?

Compare Ramco Systems Ltd against every IT - Software company (Q3 FY21) on revenue, margins and earnings-call signals.

View IT - Software leaderboard →

What Ramco Systems Ltd's management said in earlier quarters

Others in IT - Software this season

Workmates Core2cloud Solution Ltd (Q1 FY27)
FY26 total revenue: ₹143 Cr (Page 10) . Key concall takeaways from Workmates Core2cloud Solution Ltd's Q1 FY27 earnings call — and how it ranks against sector…
Softtech Engineers Ltd (Q1 FY27)
Revenue from Operations (Standalone) for Q1 FY27: INR 3,222.02 Lakhs, up 25.0% YoY from INR 2,578.58 Lakhs in Q1 FY26 . Key concall takeaways from Softtech…
Tanla Platforms Ltd (Q1 FY27)
Revenue for Q1 FY27: ₹12,264 Mn, up 17.8% YoY and 4.1% QoQ (Pages 3, 7, 21). Key concall takeaways from Tanla Platforms Ltd's Q1 FY27 earnings call — and how…
Zensar Technologies Ltd (Q2 FY25)
Year-on-year (YoY) revenue growth of 4.0% in reported currency and 3.3% in constant currency. Key concall takeaways from Zensar Technologies Ltd's Q2 FY25…

Compare:vs Tata Consultancy Services Ltd vs Infosys Ltd vs HCL Technologies Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Ramco Systems Ltd Q3 FY21 Earnings Call Analysis

Revenue guidance

Fundraise plans

Capex plans

How does Ramco Systems Ltd rank in IT - Software?

Continue your research

What Ramco Systems Ltd's management said in earlier quarters

Others in IT - Software this season