Systematix Corporate Services Ltd

₹ 755 2.32%

02 May - close price

About

Systematix Corporate Services Ltd was established in 1985, it provides investment management and advisory services in the financial markets and investment solutions for a broad array of investors including FIIs, DFI, Insurance companies among other Financial institutions. ^[1]^[2]

Key Points

Service Offering
The Co has a wide selection of products and services spanning multiple asset classes and consumer segments. It offers Equity, Commodities, Currency, IRF, SLBs, Depository Services, Online Trading, IPO and Mutual funds, Distribution, PMS, and Loan against Shares apart from Merchant and Investment banking services to various clients. ^[1]

Website BSE

Market Cap ₹ 980 Cr.
Current Price ₹ 755
High / Low ₹ 924 / 181
Stock P/E 356
Book Value ₹ 51.6
Dividend Yield 0.00 %
ROCE 8.24 %
ROE 5.74 %
Face Value ₹ 10.0

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Pros

Company's working capital requirements have reduced from 96.6 days to 50.6 days

Cons

Stock is trading at 14.6 times its book value
Company has a low return on equity of 9.41% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	1.81	1.03	11.30	6.52	5.58	6.51	11.36	0.85	11.15	4.18	5.50	0.54	13.28
	1.83	2.22	3.87	2.44	2.98	3.81	6.25	3.83	7.15	3.44	3.62	3.75	6.41
Operating Profit	-0.02	-1.19	7.43	4.08	2.60	2.70	5.11	-2.98	4.00	0.74	1.88	-3.21	6.87
OPM %	-1.10%	-115.53%	65.75%	62.58%	46.59%	41.47%	44.98%	-350.59%	35.87%	17.70%	34.18%	-594.44%	51.73%
	0.13	0.10	0.16	0.22	0.18	0.20	0.16	0.21	0.09	0.11	0.01	0.01	0.03
Interest	0.54	0.53	0.54	0.42	0.49	0.49	0.50	0.49	0.49	0.48	0.53	0.54	0.56
Depreciation	0.06	0.04	0.01	0.01	0.00	0.01	0.01	0.01	0.01	0.01	0.00	0.09	0.17
Profit before tax	-0.49	-1.66	7.04	3.87	2.29	2.40	4.76	-3.27	3.59	0.36	1.36	-3.83	6.17
Tax %	0.00%	1.81%	16.76%	26.10%	24.45%	20.42%	25.42%	21.71%	23.96%	47.22%	27.94%	-4.18%	9.56%
	-0.49	-1.63	5.86	2.86	1.73	1.91	3.56	-2.55	2.74	0.19	0.98	-3.99	5.57
EPS in Rs	-0.38	-1.26	4.51	2.20	1.33	1.47	2.74	-1.96	2.11	0.15	0.75	-3.07	4.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	3.56	4.51	3.11	1.59	0.32	2.53	7.61	8.64	4.71	9.55	30.65	28.04	23.50
	2.58	2.50	1.94	1.28	1.49	1.57	3.34	6.09	5.96	6.87	13.09	20.67	17.22
Operating Profit	0.98	2.01	1.17	0.31	-1.17	0.96	4.27	2.55	-1.25	2.68	17.56	7.37	6.28
OPM %	27.53%	44.57%	37.62%	19.50%	-365.62%	37.94%	56.11%	29.51%	-26.54%	28.06%	57.29%	26.28%	26.72%
	0.02	0.03	0.03	-0.07	0.00	0.01	0.00	0.00	0.10	0.66	0.01	0.07	0.16
Interest	0.46	0.21	0.00	0.03	0.14	0.12	0.18	1.72	1.79	2.08	1.94	1.96	2.11
Depreciation	0.15	0.15	0.15	0.26	0.25	0.19	0.19	1.29	1.05	0.26	0.04	0.02	0.27
Profit before tax	0.39	1.68	1.05	-0.05	-1.56	0.66	3.90	-0.46	-3.99	1.00	15.59	5.46	4.06
Tax %	15.38%	32.74%	31.43%	40.00%	1.92%	-4.55%	24.87%	2.17%	5.26%	-5.00%	20.72%	27.66%
	0.33	1.13	0.71	-0.04	-1.53	0.68	2.93	-0.45	-3.78	1.04	12.36	3.94	2.75
EPS in Rs	0.25	0.86	0.54	-0.03	-1.17	0.52	2.26	-0.35	-2.91	0.80	9.52	3.04	2.12
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.56%	0.00%

Compounded Sales Growth
10 Years:	20%
5 Years:	30%
3 Years:	81%
TTM:	-21%

Compounded Profit Growth
10 Years:	13%
5 Years:	6%
3 Years:	45%
TTM:	-51%

Stock Price CAGR
10 Years:	49%
5 Years:	80%
3 Years:	62%
1 Year:	257%

Return on Equity
10 Years:	3%
5 Years:	5%
3 Years:	9%
Last Year:	6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	13.05	13.05	13.05	13.05	13.05	13.05	13.05	13.05	13.05	13.05	13.05	13.05	13.05
Reserves	21.17	22.31	23.02	22.98	21.45	22.14	25.06	44.56	40.77	41.84	54.32	56.98	53.96
Preference Capital	0.00	0.00	0.00	27.00	27.00	27.00	25.00	0.00	0.00	0.00	0.00	0.00
	27.12	27.76	24.61	0.91	2.22	1.37	12.00	17.33	19.86	22.43	21.84	20.96	21.55
	1.67	1.30	1.16	28.31	27.12	27.21	25.59	1.66	0.92	1.05	2.47	1.09	2.66
Total Liabilities	63.01	64.42	61.84	65.25	63.84	63.77	75.70	76.60	74.60	78.37	91.68	92.08	91.22
	1.68	1.53	1.86	1.47	1.22	1.03	0.84	1.47	0.82	0.26	0.22	0.20	2.14
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	59.50	59.50	59.59	61.98	61.98	62.08	64.19	65.66	66.71	67.23	82.34	82.33	82.10
	1.83	3.39	0.39	1.80	0.64	0.66	10.67	9.47	7.07	10.88	9.12	9.55	6.98
Total Assets	63.01	64.42	61.84	65.25	63.84	63.77	75.70	76.60	74.60	78.37	91.68	92.08	91.22

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	8.54	-8.02	3.64	0.07	-2.09	1.09	-5.95	0.32	-2.17	-2.47	17.04	3.54
	0.05	0.00	-0.54	-2.45	0.00	-0.09	-4.02	2.43	2.24	2.23	-12.07	-0.56
	-8.69	8.01	-3.15	2.36	2.08	-0.97	10.12	-2.59	-0.17	0.42	-2.52	-4.13
Net Cash Flow	-0.10	-0.01	-0.05	-0.02	-0.01	0.02	0.14	0.16	-0.10	0.19	2.46	-1.14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	4.10	137.58	2.35	291.54	45.62	18.75	25.90	24.92	13.95	18.73	42.75	2.47
Inventory Days
Days Payable
Cash Conversion Cycle	4.10	137.58	2.35	291.54	45.62	18.75	25.90	24.92	13.95	18.73	42.75	2.47
Working Capital Days	-890.97	43.70	-125.58	41.32	34.22	8.66	449.42	-2.96	44.95	215.56	23.46	50.64
ROCE %	1.38%	3.04%	1.70%	0.11%	-2.22%	1.23%	5.88%	1.68%	-2.96%	4.08%	21.05%	8.24%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	74.02%	74.05%	74.05%	74.06%	74.10%	74.11%	74.11%	74.13%	74.15%	74.22%	74.23%	74.23%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%
	25.98%	25.95%	25.95%	25.94%	25.90%	25.90%	25.90%	25.89%	25.85%	25.79%	25.78%	25.63%
No. of Shareholders	1,792	1,787	1,757	1,728	1,727	1,794	1,826	1,805	1,790	1,743	1,741	1,803

	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	45.89%	47.54%	73.54%	73.79%	74.02%	74.06%	74.13%	74.23%
	8.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%
	46.02%	52.46%	26.46%	26.21%	25.98%	25.94%	25.89%	25.63%
No. of Shareholders	2,249	1,996	1,940	1,928	1,825	1,728	1,805	1,803

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Systematix Corporate Services Ltd

Systematix Corporate Services Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports