WHAT HAPPENED

Raminfo has received a confirmed work order valued at Rs 39.1545 crore from the Director, Department of Animal Husbandry, Uttarakhand. The scope includes operating and managing 35 Mobile Veterinary Units (MVUs), covering vehicles, fabrication, prescribed equipment, manpower, GPSI A VLT (Global Positioning System Integrated Animal Vaccination and Logistics Tracking), Command and Control Centre/Call Centre, and all other facilities and services. The services shall be provided for a period of five years.

ORDER IN FINANCIAL CONTEXT

The Rs 39.1545 crore order value is substantial relative to recent earnings, representing approximately 3.6 times the average quarterly revenue of Rs 10.90 crore. The total disclosed order book stands at Rs 39.1545 crore (sum of the 1 order disclosed across the last 3 fiscal quarters shown in the table below). Against a Trailing Twelve Month (TTM) revenue of Rs 43.6 crore, the book-to-bill ratio is approximately 0.9x. The total order book represents roughly 0.9 quarters of average quarterly revenue coverage. As this is a confirmed work order, revenue recognition can begin upon execution commencement.

COMPANY ORDER TRACK RECORD

This filing marks the first disclosed order win for the company in the last three fiscal quarters, breaking a period of no reported inflows. The current order value is consistent with the scale required to impact annual revenue meaningfully, given the microcap size of the business.

Note: The table above reflects the absence of disclosed orders in the preceding three quarters as per the input data.

EXECUTION AND REVENUE QUALITY

Revenue has shown volatility in recent quarters, with Q4FY26 revenue at Rs 10.70 crore, down from Rs 12.30 crore in Q2FY26 but up from Rs 8.30 crore in Q3FY26. Operating Profit Margin (OPM) improved to 11.90% in Q4FY26 from 10.48% in Q2FY26, though it was significantly higher at 19.62% in Q3FY26. Net profit remained thin at Rs 0.10 crore in Q4FY26.

REVENUE GROWTH - ORDER WINS TRANSLATING TO REVENUE

As Raminfo has sustained order wins recently after a period of no disclosures, its annual revenue has grown from Rs 24.80 crore in FY25 to Rs 41.32 crore in FY26, representing a YoY growth of +66.6% based on the latest annual data. This recovery follows a sharp decline in FY25, where revenue fell by 70.8% from Rs 85.00 crore in FY24.

WORKING CAPITAL AND EXECUTION CAPACITY

The balance sheet shows a Current Ratio of 1.95x, indicating adequate short-term liquidity to fund operations. Total Liabilities/Equity stands at 0.71x, suggesting a conservative leverage profile. However, operating cashflow was negative at Rs -5.10 crore in FY25, indicating that past revenue generation did not translate efficiently into cash, potentially due to working capital cycles or receivables management.

WHAT TO WATCH

• Execution rate: Monitor whether the new MVU contract converts into consistent quarterly revenue, given the five-year tenure.
• OPM trajectory: Watch if margins on this new contract align with the historical average of ~11-12% or if operational costs compress returns.
• Cash conversion: With negative operating cashflow in FY25, observe if receivables collection improves as this new long-term contract executes.
• Client concentration: Assess if future orders diversify beyond state government entities to reduce dependency risk.

KEY OBSERVATIONS

• Valuation check (as of 13 Aug 2026): P/E of 21.0x against ROCE of 4.35%. At the time of this article, valuation was pricing in execution improvement not yet visible in return ratios. (P/E is price-derived and will change; ROCE is from audited financials)
• Cash conversion: Operating cashflow of -Rs 5.10 crore in FY25; backlog is not converting to cash efficiently, and receivables or working capital cycle may be stretched.

Ram Info Limited has rescheduled its Board of Directors meeting to August 14, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1FY26). The company notified BSE Limited on August 12, 2026, stating that unavoidable circumstances led to a delay in the finalization of the financial statements, necessitating the one-day postponement from the originally scheduled date of August 13, 2026.

The rescheduling impacts the timeline for result declaration but does not alter the existing insider trading restrictions. As per the earlier intimation dated June 26, 2026, the trading window for designated directors and employees remains closed from July 01, 2026, until 48 hours after the declaration of financial results. Consequently, the window will remain closed until August 16, 2026.

Key Dates and Details

The company’s compliance officer, Srikanth Palem, issued the intimation under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board is expected to take on record the Q1FY26 results during the rescheduled session, ensuring timely disclosure to stock exchanges once finalized.