Systango Technologies Ltd
Incorporated in 2007, Systango
Technologies Ltd deals in supplying
Software and Development Services[1]
- Market Cap ₹ 372 Cr.
- Current Price ₹ 253
- High / Low ₹ 411 / 192
- Stock P/E 11.9
- Book Value ₹ 80.2
- Dividend Yield 0.00 %
- ROCE 28.3 %
- ROE 23.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 63.8 to 95.1 days.
- Working capital days have increased from 71.0 days to 111 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 23 | 31 | 48 | 53 | 61 | 74 | |
| 16 | 23 | 34 | 36 | 39 | 42 | |
| Operating Profit | 6 | 8 | 15 | 17 | 22 | 32 |
| OPM % | 28% | 24% | 30% | 32% | 36% | 43% |
| 1 | 1 | 1 | 4 | 7 | 6 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 0 | 0 | 1 | 1 |
| Profit before tax | 6 | 8 | 15 | 20 | 28 | 38 |
| Tax % | 16% | 16% | 16% | 20% | 18% | |
| 5 | 7 | 13 | 16 | 23 | 31 | |
| EPS in Rs | 2.00 | 2.52 | 8.75 | 11.07 | 15.82 | 21.30 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| TTM: | 66% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| 1 Year: | 20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 25% |
| Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 15 | 15 | 15 | 15 |
| Reserves | 8 | 15 | 47 | 63 | 86 | 103 |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| 4 | 4 | 7 | 7 | 8 | 12 | |
| Total Liabilities | 14 | 22 | 68 | 85 | 109 | 129 |
| 1 | 1 | 2 | 3 | 5 | 5 | |
| CWIP | 0 | 0 | 1 | 1 | 0 | 0 |
| Investments | 11 | 12 | 18 | 60 | 60 | 65 |
| 3 | 9 | 47 | 21 | 44 | 60 | |
| Total Assets | 14 | 22 | 68 | 85 | 109 | 129 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 7 | 3 | 7 | 8 | 8 | |
| -6 | -2 | -8 | -40 | 4 | |
| 0 | 1 | 32 | 0 | 1 | |
| Net Cash Flow | 1 | 2 | 30 | -32 | 13 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 0 | 2 | 33 | 63 | 95 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 0 | 2 | 33 | 63 | 95 |
| Working Capital Days | -51 | -3 | 36 | 66 | 111 |
| ROCE % | 57% | 38% | 28% | 28% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Customer Concentration (Top 10 Clients) % |
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| Employee Headcount Number |
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| Service Vertical Mix - FinTech % |
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| Service Vertical Mix - IT % |
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| Service Vertical Mix - Logistic/Fantasy Sports % |
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| Geographic Split - USA Revenue % |
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| Employee Attrition Rate % |
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| Number of Clients Number |
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| Projects Delivered Number |
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Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
17 March 2026 - Company to participate in 11th Annual Valorem Conference on 23 March 2026 at Grand Hyatt, Mumbai.
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Updates
6 March 2026 - 06-Mar-2026: Systango formed non-statutory Strategic Advisory Board for UK/Europe growth, AI, technology guidance.
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Updates
23 January 2026 - Systango Limited signed MoU with Alibaba Cloud to deliver AI-driven cloud migrations and managed AI services.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 January 2026 - Registrar certificate under Reg 74(5) for quarter ended 31 Dec 2025; all shares dematerialised, regulation not applicable.
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Analysts/Institutional Investor Meet/Con. Call Updates
5 December 2025 - Virtual Valorem CXO Meet on 10 Dec 2025 at 4:00 PM IST; Systango to present financials and strategy.
Annual reports
Concalls
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Nov 2025TranscriptAI SummaryPPT
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Jul 2025TranscriptAI SummaryPPT
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Jul 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT REC
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Nov 2023Transcript PPT
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Jul 2023Transcript PPT
Business Overview:[1][2]
STI is an ISO 27001 & ISO 9001 certified
digital engineering services company
with 3 offices in the USA, UK, and India. It
provides software solutions that enable companies to design, implement and
manage their own Customized Digital
Platforms including Web2, Web3 and
Mobile applications; with an emphasis on
data and analytics