Ramco Systems' Stock Price up by More Than 4% After Company Implements its Software at Air Niugini
By Ankur Chandra | Published at: Jun 24, 2025 04:14 PM IST
Chennai, June 24, 2025 – Shares of Ramco Systems Ltd (NSE: RAMCOSYS) rose 4.99% to ₹400.95 in early trade on Tuesday after the company won a big worldwide client. The company said that Air Niugini, Papua New Guinea’s national airline, has successfully gone live on Ramco Payce, its flagship global payroll platform. This news gave the company a boost.
Stock Performance Snapshot (As of 12:11 pm IST)
| Metric | Value |
|---|---|
| Current Price | ₹400.95 |
| Change | +₹19.05 (+4.99%) |
| Previous Close | ₹381.90 |
| Day’s High / Low | ₹400.95 / ₹385.20 |
| VWAP | ₹395.61 |
| 52-Week Range | ₹270.00 – ₹523.00 |
| Market Cap | ₹1,496.17 Cr |
| Free Float Mkt Cap | ₹684.89 Cr |
| Buy Orders | 7,602 shares |
| Trading Series | BE |
Global Win: Air Niugini Goes Live on Ramco Payce
Ramco Systems said that Ramco Payce had been successfully put into use at Air Niugini, which affected more than 2,000 workers in four different countries. The platform currently works with the airline’s ERP and HCM systems and provides payroll, time and attendance.
Gary Seddon, CEO of Air Niugini, called the go-live a “pivotal point” in their digital journey, highlighting how the system improves employee experience and operational agility.
Rohit Mathur, Executive VP & SBU Head – Global Payroll & HR at Ramco, noted:
“Air Niugini’s successful payroll transformation stands as a strong testament to Payce’s ability to empower multinational companies with streamlined operations, AI-driven payroll compliance and powerful insights.”
What This Means for Investors
The development is an important strategic international deployment that strengthens Ramco Payce’s position in the global payroll market, which covers more than 150 countries. The stock’s growth shows that investors are becoming more confident that the company can do high-value SaaS changes and acquire big business clients.
Today’s increase could mean that the company will continue to gain momentum in the near future, since its free float market cap is relatively low and there is a lot of demand on the bid side. However, investors should keep an eye on delivery volumes and other market signals.
About Ramco Systems
Founded in 1997 and listed on Indian exchanges since April 2000, Ramco Systems Ltd is a Chennai-based global enterprise software provider offering cloud-based platforms in Global Payroll, Aviation, and ERP. The company serves over 1,000 clients and 2 million users worldwide, leveraging AI, ML, and RPA technologies.
Ramco’s latest win with Air Niugini not only elevates its global profile but also strengthens its recurring revenue base in payroll tech, a segment increasingly vital to enterprise digital transformation.
REF: https://nsearchives.nseindia.com/corporate/RAMCOSYS_24062025103649_24062025PressRelease_1.pdf
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