Earnings Release: Here's Why Analysts Cut Their Ramco Systems Limited (NSE:RAMCOSYS) Price Target To ₹600
Jan 31
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Indian (NIFTY) Systems Software Industry Analysis
UpdatedJan 31, 2026
DataAggregated Company Financials
Companies14
- 7D-2.1%
- 3M-11.0%
- 1Y-23.4%
- YTDn/a
Over the last 7 days, the Systems Software industry has dropped 2.1%, driven by KPIT Technologies declining 6.5%. In contrast, MosChip Technologies has gained 24%. However, the industry is down 23% over the past year. Earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Indian Systems Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 01 Feb 2026 | ₹906.3b | ₹192.3b | ₹22.5b | 42.4x | 40.4x | 4.7x |
| Tue, 30 Dec 2025 | ₹996.6b | ₹190.4b | ₹23.9b | 40x | 41.7x | 5.2x |
| Thu, 27 Nov 2025 | ₹994.6b | ₹190.4b | ₹23.9b | 42.1x | 41.6x | 5.2x |
| Sat, 25 Oct 2025 | ₹1.0t | ₹188.7b | ₹23.8b | 40x | 42.9x | 5.4x |
| Mon, 22 Sep 2025 | ₹1.1t | ₹188.6b | ₹24.4b | 41.9x | 43.1x | 5.6x |
| Wed, 20 Aug 2025 | ₹993.5b | ₹188.6b | ₹24.4b | 39.5x | 40.8x | 5.3x |
| Fri, 18 Jul 2025 | ₹1.1t | ₹186.7b | ₹24.8b | 45.6x | 43.9x | 5.8x |
| Sun, 15 Jun 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 47.2x | 45.1x | 6.1x |
| Tue, 13 May 2025 | ₹1.1t | ₹186.6b | ₹24.4b | 48.4x | 44.8x | 5.9x |
| Thu, 10 Apr 2025 | ₹888.9b | ₹184.0b | ₹24.0b | 38.5x | 37x | 4.8x |
| Sat, 08 Mar 2025 | ₹1.0t | ₹184.0b | ₹24.0b | 44.8x | 43.6x | 5.7x |
| Mon, 03 Feb 2025 | ₹1.2t | ₹183.6b | ₹24.4b | 49.5x | 48.7x | 6.5x |
| Wed, 01 Jan 2025 | ₹1.3t | ₹180.5b | ₹23.2b | 54.6x | 57.3x | 7.4x |
| Fri, 29 Nov 2024 | ₹1.2t | ₹180.8b | ₹23.2b | 52.6x | 53.3x | 6.8x |
| Sun, 27 Oct 2024 | ₹1.2t | ₹180.9b | ₹20.3b | 53.3x | 61.5x | 6.9x |
| Tue, 24 Sep 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 67.8x | 73.4x | 8.1x |
| Thu, 22 Aug 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 56.5x | 70.5x | 7.7x |
| Sat, 20 Jul 2024 | ₹1.4t | ₹171.5b | ₹17.8b | 55.8x | 78.4x | 8.1x |
| Mon, 17 Jun 2024 | ₹1.3t | ₹170.6b | ₹17.8b | 57.2x | 70.8x | 7.4x |
| Wed, 15 May 2024 | ₹1.2t | ₹169.5b | ₹18.3b | 55.8x | 67.1x | 7.3x |
| Fri, 12 Apr 2024 | ₹1.3t | ₹163.6b | ₹16.6b | 57.1x | 76.9x | 7.8x |
| Sun, 10 Mar 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 56.3x | 77x | 7.8x |
| Tue, 06 Feb 2024 | ₹1.3t | ₹163.2b | ₹16.8b | 50x | 78.5x | 8.1x |
| Thu, 04 Jan 2024 | ₹1.3t | ₹156.4b | ₹13.9b | 51.9x | 92.7x | 8.3x |
| Sat, 02 Dec 2023 | ₹1.3t | ₹156.4b | ₹13.9b | 47.2x | 90x | 8x |
| Mon, 30 Oct 2023 | ₹1.2t | ₹218.5b | ₹22.3b | 42.9x | 55.8x | 5.7x |
| Wed, 27 Sep 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 38.2x | 56.2x | 5.5x |
| Fri, 25 Aug 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 37.5x | 56.7x | 5.6x |
| Sun, 23 Jul 2023 | ₹1.1t | ₹203.1b | ₹19.9b | 46x | 55.2x | 5.4x |
| Tue, 20 Jun 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 63.4x | 56.2x | 5.5x |
| Thu, 18 May 2023 | ₹999.6b | ₹199.7b | ₹19.6b | 45x | 51x | 5x |
| Sat, 15 Apr 2023 | ₹883.6b | ₹188.3b | ₹19.7b | 22.9x | 44.8x | 4.7x |
| Mon, 13 Mar 2023 | ₹858.6b | ₹188.3b | ₹19.7b | 22.4x | 43.5x | 4.6x |
| Wed, 08 Feb 2023 | ₹865.4b | ₹188.3b | ₹19.7b | 23.5x | 43.9x | 4.6x |
Price to Earnings Ratio
43.9x
Current Industry PE
- Investors are pessimistic on the Indian Systems Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 40.4x which is lower than its 3-year average PE of 57.4x.
- The 3-year average PS ratio of 6.3x is higher than the industry's current PS ratio of 4.7x.
Past Earnings Growth
- The earnings for companies in the Systems Software industry have grown 4.4% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Indian Systems Software compare with similar industries?
| IN Market | 1.81% | |
| Tech | -0.16% | |
| Software | -0.93% | |
| Systems Software | -2.05% | |
| Application Software | -0.28% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 532407 MosChip Technologies | ₹209.75 | 23.9% +₹7.8b | 2.3% | PE94.6x | |
| BSOFT Birlasoft | ₹418.05 | 3.0% +₹3.4b | -21.9% | PE25.1x | |
| RAMCOSYS Ramco Systems | ₹466.75 | 14.3% +₹2.2b | 28.1% | PE79x | |
| 531161 ABM Knowledgeware | ₹265.10 | 2.0% +₹102.0m | 43.5% | PE40.9x | |
| GSTL Globesecure Technologies | ₹17.60 | 13.5% +₹33.5m | -43.6% | PS2x |
