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 ₹ 430 Cr.
- Current Price ₹ 192
- High / Low ₹ 249 / 125
- Stock P/E 20.4
- 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 50.9 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
Part of BSE SME IPO
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 | |
|---|---|---|---|---|---|---|---|
| 213 | 175 | 234 | 320 | 370 | 447 | 553 | |
| 204 | 169 | 225 | 307 | 346 | 412 | 516 | |
| Operating Profit | 9 | 6 | 9 | 13 | 24 | 35 | 37 |
| OPM % | 4% | 3% | 4% | 4% | 7% | 8% | 7% |
| 0 | 2 | 2 | 1 | 2 | 3 | 4 | |
| Interest | 2 | 2 | 4 | 4 | 7 | 8 | 6 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 4 | 6 |
| Profit before tax | 5 | 4 | 5 | 8 | 17 | 25 | 28 |
| Tax % | 26% | 25% | 26% | 25% | 25% | 26% | 25% |
| 4 | 3 | 4 | 6 | 12 | 18 | 21 | |
| EPS in Rs | 60.70 | 44.01 | 59.03 | 95.75 | 125.56 | 10.99 | 9.41 |
| 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: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| 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 | 26 | 24 | |
| Total Liabilities | 73 | 77 | 89 | 130 | 162 | 206 | 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 | 144 | 175 | |
| Total Assets | 73 | 77 | 89 | 130 | 162 | 206 | 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 | 8 | 6 | |
| -0 | -4 | -2 | -15 | -24 | -20 | -2 | |
| 3 | 1 | 3 | 22 | 10 | 12 | 5 | |
| Net Cash Flow | 0 | -0 | 0 | 0 | 0 | -0 | 8 |
| Free Cash Flow | -4 | -2 | -1 | -24 | -8 | -11 | 1 |
| CFO/OP | -6% | 54% | 7% | -42% | 72% | 43% | 36% |
Ratios
Figures in Rs. Crores
| 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 | 42 | 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 | 32 | 89 |
| ROCE % | 9% | 12% | 13% | 19% | 21% | 17% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Actual Production - Steel Wire MT |
|
||
| Capacity Utilization - Steel Wire % |
|||
| Export Presence - Number of Countries Number |
|||
| Geographical Reach - States & UTs in India Number |
|||
| Installed Capacity - Steel Wire MT |
|||
| Revenue Concentration - Top 10 Customers % |
|||
| Installed Capacity - OFC KM |
|||
| Installed Capacity - OPGW KM |
|||
Extracted by Screener AI
Documents
Announcements
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Presentation On Financial Results For Financial Year Ended March 31, 2026
2 Jun - Systematic Industries shared FY26 investor presentation for year ended March 31, 2026, highlighting financials and growth strategy.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 May - FY26 revenue rose 23.9% to INR 5,563 Mn; first PGCIL EPC contract and net-debt free status.
-
Board Meeting Outcome for Outcome Of Meeting Held On Tuesday, May 26, 2026
26 May - Board approved audited FY26 results, appointed secretarial auditor, and reported unmodified audit opinion.
-
Board Meeting Intimation for Prior Intimation Of Board Meeting Scheduled On May 26, 2026
21 May - Board meeting on May 26, 2026 to approve standalone audited results for FY2025-26; trading window closed from April 1.
-
Board Meeting Outcome for Outcome Of Board Meeting Dated May 2, 2026
2 May - Board reconstituted committees effective May 2, 2026 after appointing Gunjan Saboo as independent director.
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)