WEBSITE BSE:544541 NSE: SYSTEMATIC Inc. Year: 2000 Industry: Steel & Iron Products My Bucket: Add Stock
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Systematic Industries Ltd. is a manufacturer of steel wires, cables, and optical‑fibre/optical‑ground‑wire (OPGW) products in India. Its offerings include mild-steel wires (MS wire), galvanized wires (GI wire), aluminium‑clad steel wires, cable‑armour wires, and optical‑fibre/ground cables — serving users in power & transmission, infrastructure, telecom, agriculture, and allied sectors. The company has multiple manufacturing plants (in Silvassa and Gujarat), with a combined steel‑wire capacity around 100,000 MT per year. In F...Read More
Systematic Industries Ltd. is a manufacturer of steel wires, cables, and optical‑fibre/optical‑ground‑wire (OPGW) products in India. Its offerings include mild-steel wires (MS wire), galvanized wires (GI wire), aluminium‑clad steel wires, cable‑armour wires, and optical‑fibre/ground cables — serving users in power & transmission, infrastructure, telecom, agriculture, and allied sectors. The company has multiple manufacturing plants (in Silvassa and Gujarat), with a combined steel‑wire capacity around 100,000 MT per year. In FY 2025, Systematic Industries reported total revenue of about ₹449.2 crore and a profit after tax of around ₹18.5 crore — showing a healthy growth over prior years. Its EBITDA margin and return on equity/ capital employed have been reasonably strong, and as of its recent listing (IPO in late 2025) the company is positioned to use fresh capital for debt repayment and growth. The firm also exports products and serves a pan‑India customer base across multiple industries. Overall, Systematic Industries is an integrated wire‑and‑cable manufacturer with diversified product lines, decent scale, and rising financial performance — potentially well‑placed to benefit from continued infrastructure, power‑transmission, and telecom‑network expansion in India. ...Read Less
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Market Cap ₹538 Cr.
Stock P/E 29.8
P/B 2.8
Current Price ₹241
Book Value ₹ 84.6
Face Value 10
52W High ₹249
Dividend Yield 0%
52W Low ₹ 125
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 176 | 164 | 172 | 217 | 263 | 213 | 175 | 234 | 320 | 370 | 447 | |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 2 | 1 | 2 | 3 | |
| Total Income | 176 | 165 | 172 | 217 | 263 | 214 | 177 | 236 | 322 | 373 | 449 | |
| Total Expenditure | 167 | 154 | 161 | 206 | 250 | 204 | 169 | 225 | 307 | 346 | 412 | |
| Operating Profit | 9 | 11 | 11 | 12 | 13 | 10 | 8 | 11 | 15 | 27 | 37 | |
| Interest | 4 | 5 | 5 | 5 | 4 | 2 | 2 | 4 | 4 | 7 | 8 | |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 3 | 4 | 4 | 4 | 7 | 5 | 4 | 5 | 8 | 17 | 24 | |
| Provision for Tax | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 4 | 6 | |
| Profit After Tax | 2 | 3 | 3 | 3 | 5 | 4 | 3 | 4 | 6 | 12 | 18 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 2 | 3 | 3 | 3 | 5 | 4 | 3 | 4 | 6 | 12 | 18 | |
| Adjusted Earnings Per Share | 1.9 | 2.4 | 2.3 | 2.6 | 4.5 | 3.6 | 2.6 | 3.5 | 5.6 | 7.4 | 10.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 21% | 24% | 16% | 10% |
| Operating Profit CAGR | 37% | 50% | 30% | 15% |
| PAT CAGR | 50% | 65% | 35% | 25% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 25% | 20% | 16% | 14% |
| ROCE Average | 20% | 18% | 15% | 15% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 20 | 22 | 25 | 28 | 33 | 37 | 40 | 44 | 50 | 62 | 81 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 4 | 6 | 6 | 5 | 2 | 4 | 7 | 8 | 17 | 21 | 26 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Total Current Liabilities | 48 | 49 | 48 | 55 | 40 | 32 | 30 | 38 | 63 | 77 | 92 |
| Total Liabilities | 72 | 78 | 79 | 88 | 75 | 73 | 77 | 89 | 130 | 162 | 200 |
| Fixed Assets | 10 | 11 | 12 | 10 | 10 | 10 | 13 | 11 | 27 | 26 | 61 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 25 | 2 |
| Total Current Assets | 62 | 67 | 66 | 78 | 66 | 63 | 65 | 78 | 102 | 110 | 138 |
| Total Assets | 72 | 78 | 79 | 88 | 75 | 73 | 77 | 89 | 130 | 162 | 200 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 2 |
| Cash Flow from Operating Activities | -1 | -5 | 17 | 5 | 15 | -2 | 2 | -1 | -7 | 15 | 9 |
| Cash Flow from Investing Activities | -3 | -2 | -4 | -1 | 2 | -0 | -4 | -2 | -15 | -24 | -19 |
| Cash Flow from Financing Activities | 4 | 7 | -13 | -4 | -18 | 3 | 1 | 3 | 22 | 10 | 13 |
| Net Cash Inflow / Outflow | 0 | -0 | 0 | 1 | -1 | 0 | -0 | 0 | 0 | 0 | 2 |
| Closing Cash & Cash Equivalent | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 5 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.91 | 2.43 | 2.33 | 2.64 | 4.5 | 3.57 | 2.59 | 3.47 | 5.63 | 7.38 | 10.75 |
| CEPS(Rs) | 3.56 | 4.03 | 4.02 | 4.4 | 5.93 | 5.15 | 4.12 | 4.97 | 7.31 | 9.09 | 13.36 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 17.57 | 20 | 22.33 | 24.97 | 29.46 | 33.02 | 35.61 | 39.08 | 44.3 | 37.12 | 48.24 |
| Core EBITDA Margin(%) | 4.44 | 5.47 | 5.42 | 4.45 | 4.09 | 3.62 | 3.4 | 3.3 | 4.16 | 6.62 | 7.66 |
| EBIT Margin(%) | 3.66 | 4.75 | 4.71 | 3.79 | 3.65 | 3.1 | 3.43 | 3.4 | 4.02 | 6.46 | 7.28 |
| Pre Tax Margin(%) | 1.71 | 2.11 | 2.07 | 1.77 | 2.3 | 2.13 | 2.21 | 1.97 | 2.64 | 4.49 | 5.48 |
| PAT Margin (%) | 1.08 | 1.48 | 1.35 | 1.17 | 1.62 | 1.59 | 1.65 | 1.45 | 1.97 | 3.35 | 4.04 |
| Cash Profit Margin (%) | 2.02 | 2.45 | 2.33 | 1.95 | 2.14 | 2.29 | 2.63 | 2.07 | 2.55 | 4.13 | 5.03 |
| ROA(%) | 3.21 | 3.62 | 3.32 | 3.55 | 6.15 | 5.4 | 3.87 | 4.68 | 5.75 | 8.5 | 9.99 |
| ROE(%) | 11.47 | 12.93 | 10.99 | 11.18 | 16.52 | 11.42 | 7.53 | 9.3 | 13.51 | 22.15 | 25.18 |
| ROCE(%) | 16.06 | 15.46 | 14.91 | 15.89 | 19.74 | 13.57 | 9.16 | 12.27 | 13.43 | 18.9 | 20.22 |
| Receivable days | 69.86 | 76.67 | 80 | 66.39 | 55.79 | 61.7 | 70.37 | 48.29 | 55.72 | 54.26 | 53.59 |
| Inventory Days | 13.91 | 23.65 | 17.22 | 12.64 | 11.62 | 10.7 | 24.88 | 20.45 | 23.53 | 29.55 | 30.44 |
| Payable days | 45.9 | 44.3 | 37.68 | 40.99 | 35.18 | 26.76 | 15.7 | 11.59 | 13.5 | 16.34 | 13.71 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.15 | 0.24 | 0.18 | 0.14 | 0.07 | 0.12 | 0.17 | 0.15 | 0.19 | 0.21 | 0.25 |
| EV/Core EBITDA(x) | 2.94 | 3.67 | 2.79 | 2.56 | 1.45 | 2.64 | 3.84 | 3.35 | 4.23 | 2.94 | 3.02 |
| Net Sales Growth(%) | 18.14 | -6.76 | 4.61 | 26.43 | 21.15 | -18.91 | -17.86 | 33.65 | 36.91 | 15.55 | 20.58 |
| EBIT Growth(%) | 22.85 | 21.4 | 4.01 | 5.23 | 18.04 | -31.07 | -23 | 51.86 | 41.05 | 85.94 | 35.84 |
| PAT Growth(%) | 3.33 | 27.51 | -4.32 | 13.71 | 70 | -20.64 | -27.53 | 34.27 | 62.31 | 96.53 | 45.59 |
| EPS Growth(%) | 3.33 | 27.51 | -4.32 | 13.71 | 70 | -20.64 | -27.53 | 34.27 | 62.29 | 31.04 | 45.58 |
| Debt/Equity(x) | 1.53 | 1.84 | 1.35 | 1.22 | 0.6 | 0.68 | 0.73 | 0.82 | 1.25 | 1.27 | 1.22 |
| Current Ratio(x) | 1.3 | 1.36 | 1.39 | 1.42 | 1.65 | 1.97 | 2.14 | 2.07 | 1.61 | 1.43 | 1.5 |
| Quick Ratio(x) | 1.12 | 1.06 | 1.32 | 1.15 | 1.52 | 1.67 | 1.66 | 1.65 | 1.2 | 0.98 | 1.06 |
| Interest Cover(x) | 1.88 | 1.8 | 1.78 | 1.87 | 2.7 | 3.2 | 2.8 | 2.37 | 2.92 | 3.27 | 4.05 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Sep 2025 | Mar 2026 |
|---|---|---|
| Promoter | 73.41 | 73.43 |
| FII | 2.55 | 1.02 |
| DII | 11.39 | 8.97 |
| Public | 12.64 | 16.59 |
| Others | 0 | 0 |
| Total | 100 | 100 |
| # | Sep 2025 | Mar 2026 |
|---|---|---|
| Promoter | 1.64 | 1.64 |
| FII | 0.06 | 0.02 |
| DII | 0.25 | 0.2 |
| Public | 0.28 | 0.37 |
| Others | 0 | 0 |
| Total | 2.23 | 2.23 |
* The pros and cons are machine generated.
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