Ramco Systems Ltd.

Financial

	Ramco Systems	Alldigi Tech	Expleo Solutions
Operational Metrics
IT
Net Sales by Employee Cost	2.11 .	n/a	n/a
Unclassified
R&D as a % of Total Sales	15.75 %	n/a	n/a
Order Book as a % of Sales	289.44 %	n/a	n/a
Financials
5 yr Average ROE	-23.78 %	19.46 %	21.68 %
5yr average Equity Multiplier	1.66	1.33	1.36
5yr Average Asset Turnover Ratio	0.65	1.11	1.24
5yr Avg Net Profit Margin	-18.23 %	13.07 %	12.97 %
Price to Book	4.76	5.46	2.05
P/E	0.0	17.21	14.53
5yr Avg Cash Conversion Cycle	-7831.29 Days	50.94 Days	-3331.62 Days
Inventory Days	0.0	0.0	0.22 Days
Days Receivable	85.88 Days	50.94 Days	92.45 Days
Days Payable	2283.85 Days	14.82 Days	1825.11 Days
5yr Average Interest Coverage Ratio	-8.8	22.26	67.55
5yr Avg ROCE	-16.88 %	25.78 %	29.39 %
5yr Avg Operating Profit Margin	-5.94 %	24.29 %	19.43 %
5 yr average Debt to Equity	0.05	0.0	0.0
5yr CAGR Net Profit	n/a	7.33 %	17.78 %
5yr Average Return on Assets	-12.38 %	14.54 %	15.93 %
Shareholdings
Promoter Holding	53.37 %	73.39 %	71.05 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-1.01 %	0.0	14.88 %
Change in Mutual Fund Holding (3 Yrs)	-4.12 %	0.0	-0.84 %

Business

	Ramco Systems	Alldigi Tech	Expleo Solutions
Product Wise Break-Up	Product Wise Break-Up Human Capital Management - Payroll software 38.74 Aviation 34.14 ERP 27.13 Employee Experience Mgmt 0 Customer Experience Mgmt 0 Anti Money Laundering (AML) 0 0	Product Wise Break-Up Anti Money Laundering (AML) 0 ERP 0 0 Employee Experience Mgmt 24.8 Aviation 0 0 Customer Experience Mgmt 75.2	Product Wise Break-Up Anti Money Laundering (AML) 0 ERP 0 0 Employee Experience Mgmt 0 Aviation 0 Software Validation and Verifications Services 100.0 Customer Experience Mgmt 0
Location Wise Break-Up	Location Wise Break-Up Asia Pacific 39.43 USA 24.4 India 19.8 Middle East 12.04 Europe 4.33 International 0 Domestic 0 Asia 0	Location Wise Break-Up Europe 0 Domestic 43.5 USA 0 International 56.5 Asia Pacific 0 India 0 Asia 0 Middle East 0	Location Wise Break-Up Europe 45.0 Domestic 0 USA 16.0 International 0 Asia Pacific 0 India 0 Asia 39.0 Middle East 0
Contract Type	Contract Type Recurring 43.71 Business Processing Outsourcing (BPO) 13.75 Licence Fees 3.53 Time & Material 0 Fixed Bid 0 Others 39.01	-	Contract Type Recurring 0 Business Processing Outsourcing (BPO) 0 Time & Material 72.82 Licence Fees 0 Fixed Price Contracts 27.18
Order Book Break-Up	Order Book Break-Up HCM 60.53 ERP 24.42 Aviation 15.05	-	-
Services Break-Up	Services Break-Up Software Services 54.55 Software Services 44.66 Others 0.79	-	-