The shares of this company hit a 5 percent upper circuit on Tuesday after the company announced that it has implemented its Payce platform at Air Niugini Limited, the national airline of Papua New Guinea.
With a market capitalization of Rs 1,508 crores, the shares of Ramco Systems Ltd is currently trading at Rs 404 per share, down by 22.7 percent from its 52-week high of Rs 522.40 per share. Over the past five years, the stock has delivered a return of 232 percent.
On Tuesday, the company, through a stock exchange filing, announced that it has successfully implemented its Payce platform at Air Niugini Limited, the national airline of Papua New Guinea, marking a key achievement in the company’s digital transformation journey.
Air Niugini has implemented Ramco Payce to upgrade its payroll processing system, which will enable faster and more accurate salary and attendance management for over 2,000 employees across four countries.
The solution eliminates paperwork, saves time, and provides a record of tax compliance. It also provides the payroll team with greater control and ensures integration with the airline’s new HR and ERP systems, thus supporting its transition to a more digitally compliant operation.
Ramco Systems’ Payce platform is a modern cloud-based payroll solution designed to help companies manage employee salaries efficiently across multiple countries. It uses advanced technology like AI and real-time data to process payroll faster, reduce errors, and stay compliant with local laws. The platform also connects easily with HR systems like SAP and Workday, making it useful for large companies looking to simplify and speed up payroll operations.
Financial Highlights
The company reported a revenue of Rs 591 crores, up by 12.35 percent from its FY24 revenue of Rs 526 crores. However, its loss widened to Rs 34 crore in FY25 as compared to its FY24 net loss of Rs 242 crores.
The stock delivered a negative ROE and ROCE of 10.91 percent and 5.73 percent respectively, and has a debt-to-equity ratio of 0.17x as compared to its negative interest coverage ratio of 4.37x.
Ramco Systems is a global enterprise software provider with over 25 years of innovation, serving over 1,000 customers and supporting over 2 million users globally. Ramco Systems specializes in Global Payroll, Aviation, Defense, and ERP applications. With its distinctive product development approach and use of innovative technologies, including AI and Machine Learning, RPA, and Blockchain to drive digital transformation, Ramco systems is different.
Written by Satyajeet Mukherjee
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