Ramco Systems was locked in 20% upper circuit at Rs 936.75 at 14:01 IST on BSE after the company signed pact with FreshFood Management Services to replace the latter's legacy system with a mobile-based postmodern ERP.
The announcement was made during trading hours today, 2 July 2015.
Meanwhile, the BSE Sensex was up 13.04 points, or 0.05%, to 28,033.91
On BSE, so far 88,256 shares were traded in the counter, compared with an average volume of 9,903 shares in the past one quarter.
The stock hit a high of Rs 936.75 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 781.25 so far during the day. The stock hit a 52-week low of Rs 213 on 14 July 2014.
The stock had outperformed the market over the past one month till 1 July 2015, rising 15.97% compared with 0.62% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 19.84% as against Sensex's 0.85% decline.
The small-cap company has an equity capital of Rs 29.65 crore. Face value per share is Rs 10.
Ramco Systems said that the manufacturer and coffee supplier of - The House of Robert Timms, Bushells Coffee, CafBar and Picco brands - FreshFood Management Services (FreshFood) has signed a pact with the company to replace its legacy system with a mobile-based postmodern ERP. Ramco's partner, Megasoft played a vital role in this engagement, the company said.
Australia's foremost coffee pioneer, FreshFood will be implementing a comprehensive ERP suite including Finance, Supply Chain, Production, Maintenance, Sales and Shipping, and CRM. In addition, FreshFood also plans to implement Equipment Rental Management software from Ramco to manage and keep track of large number of coffee machines - rented/leased to business partners, the company said.
Ramco's end-to-end solution will streamline FreshFood's business functions, and will enable a seamless flow of information, provide much needed process integration, resulting in improved speed of business, it added.
Ramco ERP on Cloud as a post-modern and single integrated ERP platform has been delivering significant innovation, cost savings, and superior business processes to organizations, globally. Ramco's focus on innovations in usability, context-awareness, mobility, overall flexibility, apart from comprehensive set of functionality has enabled smooth transitions possible for customers.
On a consolidated basis, Ramco Systems' net profit rose 935.7% to Rs 4.35 crore on 34.4% growth in total income to Rs 101.94 crore in Q4 March 2015 over Q4 March 2014.
Ramco Systems is a rapidly growing cloud enterprise software company focused on providing multi-tenanted enterprise software to corporates in the area of HCM, ERP and M&E MRO with Mobile first philosophy and In-memory based Planning and Optimization engine.
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