Systematic Industries Ltd
Incorporated in March 2000, Systematic Industries Limited operates in the steel wire industry, manufacturing and supplying steel wires and cables for power transmission, infrastructure, telecommunications, and agro-based sectors.[1]
- Market Cap ₹ 542 Cr.
- Current Price ₹ 243
- High / Low ₹ 299 / 125
- Stock P/E 25.2
- Book Value ₹ 90.2
- Dividend Yield 0.00 %
- ROCE 17.4 %
- ROE 14.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 48.6% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 51.4 days to 88.9 days
* 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
Industrials Capital Goods Industrial Products Cables - Electricals
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 213 | 175 | 234 | 320 | 370 | 447 | 553 | 598 | |
| 204 | 169 | 225 | 307 | 346 | 412 | 516 | 560 | |
| Operating Profit | 9 | 6 | 9 | 13 | 24 | 34 | 37 | 37 |
| OPM % | 4.3% | 3.4% | 3.8% | 4.2% | 7% | 8% | 7% | 6% |
| 0 | 2 | 2 | 1 | 2 | 3 | 4 | 3 | |
| Interest | 2 | 2 | 4 | 4 | 7 | 8 | 6 | 3 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 4 | 6 | 6 |
| Profit before tax | 5 | 4 | 5 | 8 | 17 | 24 | 28 | 31 |
| Tax % | 26% | 25% | 26% | 25% | 25% | 26% | 25% | |
| 4 | 3 | 4 | 6 | 12 | 18 | 21 | 23 | |
| EPS in Rs | 3.57 | 2.59 | 3.47 | 5.63 | 7.39 | 10.75 | 9.41 | 10.50 |
| Dividend Payout % | 0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 20% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 49% |
| 3 Years: | 49% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 19% |
| Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.66 | 0.66 | 0.66 | 0.66 | 0.99 | 17 | 22 |
| Reserves | 36 | 39 | 43 | 49 | 61 | 64 | 179 |
| 25 | 29 | 36 | 62 | 79 | 99 | 10 | |
| 10 | 8 | 9 | 18 | 20 | 20 | 24 | |
| Total Liabilities | 73 | 77 | 89 | 130 | 162 | 200 | 235 |
| 10 | 13 | 11 | 27 | 26 | 61 | 58 | |
| CWIP | -0 | -0 | -0 | -0 | 21 | 1 | 2 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| 63 | 65 | 78 | 104 | 115 | 139 | 175 | |
| Total Assets | 73 | 77 | 89 | 130 | 162 | 200 | 235 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -2 | 2 | -1 | -7 | 15 | 9 | 6 | |
| -0 | -4 | -2 | -15 | -24 | -19 | -2 | |
| 3 | 1 | 3 | 22 | 10 | 13 | 5 | |
| Net Cash Flow | 0 | -0 | 0 | 0 | 0 | 2 | 8 |
| Free Cash Flow | -4 | -2 | -1 | -24 | -8 | -10 | 1 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -6% | 54% | 7% | -42% | 72% | 47% | 36% |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 62 | 65 | 62 | 66 | 51 | 65 | 51 |
| Inventory Days | 21 | 38 | 30 | 36 | 43 | 41 | 45 |
| Days Payable | 14 | 15 | 12 | 18 | 17 | 14 | 11 |
| Cash Conversion Cycle | 69 | 88 | 80 | 85 | 78 | 92 | 85 |
| Working Capital Days | 52 | 72 | 62 | 43 | 31 | 34 | 89 |
| ROCE % | 9% | 12% | 13% | 19% | 20% | 17% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Export Revenue Share % of total sales |
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| Infrastructure Revenue Share % of total sales |
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| Power and Transmission Revenue Share % of total sales |
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| Steel Wire Actual Production MT |
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| Steel Wire Capacity Utilization % |
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| Steel Wire Installed Capacity MT |
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| Top 10 Customer Revenue Concentration % of total sales |
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| Number of Export Countries count |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
- Systematic Industries signs SPA to acquire 100% of WBIPL for ₹21.5 crore, making it a wholly owned subsidiary.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) certificate filed for quarter ended September 30, 2026.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
- EGM approved preferential issue of 14,88,600 shares at ₹228, raising up to ₹33.94 crore.
-
Shareholder Meeting / Postal Ballot-Outcome of EGM
- EOGM approved issue of up to 14,88,600 shares at ₹228 each, aggregating ₹33.94 crore.
-
Closure of Trading Window
- Trading window closes from October 1, 2026 until 48 hours after half-year results.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2024
from web
-
Annual Report 2023
from web
-
Annual Report 2022
from web
-
Annual Report 2021
from web
-
Annual Report 2020
from web
Concalls
-
Sep 2026PPT
Product Portfolio
a) Steel Wires[1][2]
- Carbon Steel Wire (MS Wire)
- High Carbon Wire (HC Wire)
- Galvanised Iron (GI) Wire
- Cable Armour Wire
- Aluminium Conductor Steel-Reinforced (ACSR Core) Wire
- Aluminium Clad Steel (ACS) Wire
- Zinc-Aluminium Alloy coated wires (Galvasys Wires)