Ramco Systems (NSE:RAMCOSYS) Days Payable: 75.20 (As of Mar. 2026) — Near Median


NSE:RAMCOSYS Ramco Systems Ltd NSE:RAMCOSYS
63 GF Score
Price ₹673.80
GF Value ₹457.94
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Ramco Systems Days Payable?

Ramco Systems NSE:RAMCOSYS +20.00% 63 Days Payable is 75.20 as of Mar. 2026, which is 5% below its 10-year median of 79.30. GuruFocus rates NSE:RAMCOSYS with a GF Score™ of 63/100 and a GF Value™ of ₹457.94 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,602 Software companies, Ramco Systems ranks better than 57.69% on this metric.

Ramco Systems's average Accounts Payable for the three months ended in Mar. 2026 was ₹650 Mil. Ramco Systems's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹788 Mil. Hence, Ramco Systems's Days Payable for the three months ended in Mar. 2026 was 75.20.

The historical rank and industry rank for Ramco Systems's Days Payable or its related term are showing as below:

NSE:RAMCOSYS' s Days Payable Range Over the Past 10 Years
Min: 68.14   Med: 79.3   Max: 93.11
Current: 68.14

During the past 13 years, Ramco Systems's highest Days Payable was 93.11. The lowest was 68.14. And the median was 79.30.

NSE:RAMCOSYS's Days Payable is ranked better than
57.69% of 2602 companies
in the Software industry
Industry Median: 53.825 vs NSE:RAMCOSYS: 68.14

Ramco Systems's Days Payable increased from Mar. 2025 (71.99) to Mar. 2026 (75.20). It may suggest that Ramco Systems delayed paying its suppliers.


Ramco Systems Days Payable Historical Data

* Premium members only.

The historical data trend for Ramco Systems's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ramco Systems Days Payable Chart

Ramco Systems Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.86 83.76 93.11 81.01 70.12

Ramco Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.99 68.40 61.26 64.11 75.20

NSE:RAMCOSYS vs CRM, SHOP, UBER: Days Payable Comparison

For the Software - Application subindustry, Ramco Systems's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ramco Systems Days Payable vs Software Industry

For the Software industry and Technology sector, Ramco Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Ramco Systems's Days Payable falls into.


NSE:RAMCOSYS
63GF Score
Ramco Systems Ltd NSE:RAMCOSYS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Ramco Systems Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Ramco Systems's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (571.65 + 649.5) / 2 ) / 3178.32*365
=610.575 / 3178.32*365
=70.12

Ramco Systems's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 649.5) / 1 ) / 788.09*365 / 4
=649.5 / 788.09*365 / 4
=75.20

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 75.20 mean?
Ramco Systems (NSE:RAMCOSYS) has a Days Payable of 75.20 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ramco Systems and its competitors. This is near median its historical median of 79.30. Over the past decade, Ramco Systems' Days Payable has ranged from 68.14 to 93.11. According to the industry distribution chart, Ramco Systems ranks #1101 out of 2602 companies in the Software industry, placing it in the top 42.3%.
Is Ramco Systems' Days Payable too high?
Ramco Systems' current Days Payable of 75.20 is near median its 10-year median of 79.30. Over the past 10 years, this metric has ranged from a low of 68.14 to a high of 93.11. The Software industry median Days Payable is 53.83. Ramco Systems' value of 75.20 is 39.7% above this industry median. Based on the distribution chart, Ramco Systems ranks #1101 out of 2602 companies in the Software industry, which is above the industry midpoint. Overall, Ramco Systems has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ramco Systems' Days Payable compare to CRM and SHOP?
According to the Software industry distribution chart, Ramco Systems ranks #1101 out of 2602 companies for Days Payable. This puts Ramco Systems in the upper half of its industry. The industry median Days Payable is 53.83. Ramco Systems' value of 75.20 is 39.7% above this benchmark. Historically, Ramco Systems' own Days Payable has ranged from 68.14 to 93.11 over the past decade. While the company's 10-year median is 79.30 vs. the industry median of 53.83, Ramco Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 53.83, based on 2,602 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ramco Systems's current Days Payable of 75.20 is 39.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ramco Systems and its competitors. For the Software industry, the median Days Payable is 53.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramco Systems's current Days Payable is 75.20, which is near median its own 10-year median of 79.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramco Systems stock overvalued right now?
Based on GuruFocus' analysis, Ramco Systems (NSE:RAMCOSYS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹457.94, compared to a current price of ₹673.80 — trading 47.1% above its estimated fair value. The current Days Payable is 75.20, which is near median its 10-year median of 79.30 and 39.7% above the Software industry median of 53.83. Ramco Systems' overall GF Score™ is 63/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Ramco Systems (NSE:RAMCOSYS), the current Days Payable is 75.20 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ramco Systems (NSE:RAMCOSYS) Overvalued in 2026?

Based on GuruFocus' analysis, Ramco Systems stock appears to be overvalued. The current stock price of ₹673.80 is trading 47.1% above its estimated GF Value™ of ₹457.94. GuruFocus considers Ramco Systems to be Significantly Overvalued.

Key valuation signals for NSE:RAMCOSYS:

  • Days Payable: 75.20 (near median its 10-year median of 79.30)
  • GF Value™: ₹457.94 vs. price of ₹673.80 (47.1% above fair value)
  • GF Score™: 63/100 with 1 warning sign
  • Industry Position: 39.7% above the Software median (#1101 of 2602)

No single metric tells the full story. See the NSE:RAMCOSYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ramco Systems Business Description

Other Exchanges 532370:India
Address No. 64, Sardar Patel Road, Taramani, Chennai, TN, IND, 600 113
Ramco Systems Ltd develops software and software products for human capital management, payroll, enterprise resource management, monitoring and evaluation, and maintenance, repair, and overhaul providers in the Aviation industry. The company develops software through its enterprise application assembly and delivery platform Ramco VirtualWorks for transaction systems and Ramco Decision Works for analytics/reporting. The product portfolio of the company includes aviation, aerospace & defense management software, enterprise resource planning software, and payroll & logistics software on the cloud. It as only one operating segment which is Software Solutions & Services.
63GF Score

Get the complete analysis for NSE:RAMCOSYS

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹673.80
Price
₹457.94
GF Value