Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37.11 | 43.74 | 74.71 | 87.53 | 47.52 | 77.76 | 118.87 | 109.32 | 103.60 | 141.50 | 219.35 | 109.21 |
| Expenses | 35.26 | 42.66 | 73.09 | 86.72 | 47.45 | 76.56 | 116.97 | 106.86 | 100.30 | 135.54 | 209.98 | 108.67 |
| Operating Profit | 1.85 | 1.08 | 1.62 | 0.81 | 0.07 | 1.20 | 1.90 | 2.46 | 3.30 | 5.96 | 9.37 | 0.54 |
| OPM % | 4.99% | 2.47% | 2.17% | 0.93% | 0.15% | 1.54% | 1.60% | 2.25% | 3.19% | 4.21% | 4.27% | 0.49% |
| Other Income | 0.00 | 0.01 | 0.15 | 0.01 | 0.00 | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.05 |
| Interest | 0.03 | 0.11 | 0.01 | 0.00 | 0.03 | 0.04 | 0.00 | 0.04 | 0.01 | 0.17 | 2.04 | 0.49 |
| Depreciation | 0.70 | 0.74 | 0.67 | 0.68 | 0.68 | 0.68 | 0.91 | 0.76 | 0.76 | 0.82 | 1.73 | 1.56 |
| Profit before tax | 1.12 | 0.24 | 1.09 | 0.14 | -0.64 | 0.50 | 1.01 | 1.67 | 2.54 | 4.97 | 5.60 | -1.46 |
| Tax % | 0.00% | 0.00% | 123.85% | 0.00% | 0.00% | 0.00% | 54.46% | 0.00% | 25.59% | 15.90% | 68.93% | 15.07% |
| Net Profit | 1.12 | 0.23 | -0.26 | 0.14 | -0.64 | 0.50 | 0.46 | 1.67 | 1.90 | 4.17 | 1.74 | -1.67 |
| EPS in Rs | 0.28 | 0.06 | -0.07 | 0.04 | -0.16 | 0.13 | 0.11 | 0.38 | 0.44 | 0.96 | 0.36 | -0.34 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4 | 13 | 67 | 93 | 77 | 68 | 59 | 114 | 199 | 332 | 574 | 574 |
| Expenses | 5 | 12 | 63 | 89 | 77 | 73 | 58 | 105 | 192 | 328 | 553 | 554 |
| Operating Profit | -1 | 0 | 3 | 4 | -0 | -5 | 1 | 9 | 7 | 4 | 21 | 19 |
| OPM % | -24% | 0.4% | 4.5% | 4.4% | -0.1% | -7% | 0.9% | 8% | 3.5% | 1.2% | 3.7% | 3.3% |
| Other Income | 0 | -0 | -0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 5 |
| Profit before tax | -3 | -2 | 1 | 2 | -2 | -7 | -2 | 6 | 4 | 1 | 15 | 12 |
| Tax % | -27% | -30% | 43% | 50% | -16% | -24% | -22% | 27% | 33% | 54% | 26% | |
| Net Profit | -2 | -1 | 0 | 1 | -2 | -6 | -2 | 5 | 3 | 0 | 11 | 6 |
| EPS in Rs | -1.13 | -0.75 | 0.17 | 0.32 | -0.79 | -2.07 | -0.59 | 1.13 | 0.69 | 0.11 | 2.23 | 1.42 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 66% | 53% | 72% | 62% | ||
| Compounded Profit Growth | 21% | 32% | 34% | 209% | ||
| Stock Price CAGR | 21% | 33% | -14% | -35% | ||
| Return on Equity | 4% | 7% | 6% | 10% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 16 | 19 | 19 | 22 | 23 | 32 | 40 | 44 | 49 |
| Reserves | -6 | -8 | -10 | -8 | -8 | -10 | -15 | -16 | -10 | 17 | 48 | 73 |
| Borrowings | 28 | 27 | 22 | 20 | 16 | 17 | 16 | 2 | 2 | 0 | 0 | 0 |
| Other Liabilities | 13 | 12 | 16 | 29 | 35 | 36 | 55 | 51 | 69 | 107 | 126 | 169 |
| Total Liabilities | 51 | 47 | 44 | 58 | 62 | 62 | 77 | 60 | 93 | 164 | 217 | 292 |
| Fixed Assets | 34 | 32 | 30 | 29 | 27 | 28 | 30 | 32 | 31 | 31 | 53 | 68 |
| CWIP | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 4 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 16 | 15 | 14 | 28 | 35 | 34 | 46 | 28 | 62 | 129 | 164 | 224 |
| Total Assets | 51 | 47 | 44 | 58 | 62 | 62 | 77 | 60 | 93 | 164 | 217 | 292 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | 0 | 6 | 0 | -2 | 3 | 4 | 1 | -8 | -26 | -10 | 8 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 2 | -4 | -4 | -1 | -2 | -6 | -22 | -20 |
| Cash from Financing Activity | -2 | -1 | -7 | -0 | -0 | -0 | -0 | -0 | 11 | 32 | 34 | 18 |
| Net Cash Flow | -1 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | 1 | -0 | 2 | 6 |
| Free Cash Flow | 1 | 0 | 6 | -1 | -2 | 0 | -1 | -2 | -10 | -32 | -32 | -11 |
| CFO/OP | -56% | -53% | 12,760% | 9% | -24% | -3,456% | -40% | 107% | -79% | -348% | -238% | 54% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 187 | 272 | 124 | 47 | 21 | 47 | 31 | 21 | 135 | 126 | 99 | 92 |
| Inventory Days | 228 | 868 | 182 | 80 | 104 | 110 | 199 | 152 | 61 | 107 | 81 | 41 |
| Days Payable | 290 | 870 | 424 | 151 | 131 | 175 | 221 | 186 | 158 | 198 | 143 | 112 |
| Cash Conversion Cycle | 124 | 271 | -119 | -24 | -7 | -19 | 9 | -14 | 38 | 34 | 36 | 21 |
| Working Capital Days | -139 | -564 | -319 | -50 | -20 | -36 | -1 | -15 | 48 | 54 | 39 | 29 |
| ROCE % | -11% | -8% | -6% | 3% | 7% | -8% | -29% | -12% | 38% | 11% | 1% | 16% |
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jul 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 53.89% | 53.89% | 53.89% | 53.17% | 53.17% | 57.02% | 56.71% | 56.71% | 56.71% | 60.86% | 60.15% | 63.38% |
| DIIs | 0.14% | 0.25% | 0.25% | 0.20% | 0.20% | 0.18% | 0.18% | 0.18% | 0.18% | 0.16% | 0.16% | 0.15% |
| Public | 45.97% | 45.86% | 45.87% | 46.63% | 46.63% | 42.79% | 43.11% | 43.11% | 43.11% | 38.97% | 39.70% | 36.47% |
| No. of Shareholders | 12,571 | 13,942 | 13,310 | 13,305 | 13,445 | 13,223 | 12,906 | 13,273 | 12,836 | 12,855 | 12,809 | 12,825 |
Fundamentals
Market Cap₹ 194 Cr.
Current Price₹ 36.1
Stock P/E31.6
Book Value₹ 25.0
ROCE15.9 %
ROE10.2 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)62%
Compounded Profit Growth (TTM)209%
Standalone figures.
Valuation
Market capRs 171 Cr
Enterprise valueRs 162 Cr
P/E (TTM)27.78x
Price to book1.39x
Price to sales0.30x
EV / EBITDA8.40x
EV / EBIT11.25x
EV / sales0.28x
Price to cash flow22.47x
Earnings yield3.60%
P/E, 3-year average150.38x
P/B, 3-year average2.53x
P/E, 5-year average120.55x
P/B, 5-year average3.49x
Profitability
Operating margin (excl. other income)3.68%
Operating margin (incl. other income)3.68%
EBITDA margin3.35%
Pre-tax margin2.03%
Net profit margin1.07%
Net margin, latest quarter-1.53%
ROE10.23%
ROCE15.93%
ROA4.29%
ROE, 3-year average5.94%
ROCE, 3-year average9.37%
ROA, 3-year average2.23%
ROE, 5-year average4.50%
ROCE, 5-year average10.78%
ROA, 5-year average2.02%
ROIC (approx.)9.36%
Tax rate26.10%
Other income / net worth0.02%
Growth
Sales growth (latest year)72.99%
Profit growth (latest year)2276.09%
Sales CAGR, 3 years71.59%
Sales CAGR, 5 years52.98%
Profit CAGR, 3 years34.32%
Sales growth QoQ-50.21%
Profit growth QoQ-195.98%
Sales growth YoY (latest quarter)-0.10%
Profit growth YoY (latest quarter)-200.00%
Per share
EPS (TTM)Rs 1.25
EPS (latest year)Rs 2.23
EPS (latest quarter)Rs -0.34
EPS, 3-year averageRs 1.01
EPS, 5-year averageRs 0.74
Book value per shareRs 24.98
Sales per shareRs 117.04
Cash flow per shareRs 1.55
Free cash flow per shareRs -2.24
Efficiency
Asset turnover1.97x
Fixed asset turnover8.49x
Inventory turnover9.17x
Inventory days40 days
Debtor days92 days
Debtors turnover3.97x
Creditor days112 days
Cash conversion cycle21 days
Working capital days29 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 9 Cr
Net debtRs -9 Cr
Debt to equity0.00x
Net debt / EBITDA-0.47x
Interest coverage5.30x
Owners' fund to total sources41.97%
Debt to assets0.14%
Cash flow
Cash from Operating Activity (latest year)Rs 8 Cr
Cash from Investing Activity (latest year)Rs -20 Cr
Cash from Financing Activity (latest year)Rs 18 Cr
Net Cash Flow (latest year)Rs 6 Cr
Free cash flow (latest year)Rs -11 Cr
Cash from ops / profit, 5 years-2.06x
Sales to cash flow75.60x
Statement figures
Net sales (TTM)Rs 574 Cr
Net sales (latest year)Rs 574 Cr
Sales (latest quarter)Rs 109 Cr
Operating profit excl. other income (latest year)Rs 21 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 19 Cr
PBDT (TTM)Rs 17 Cr
Profit before tax (TTM)Rs 12 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 11 Cr
Net profit (latest quarter)Rs -2 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 534 Cr
Total expenditure (latest year)Rs 553 Cr
Total income (latest year)Rs 574 Cr
Share capitalRs 49 Cr
ReservesRs 73 Cr
Shareholders' fundsRs 122 Cr
Total assetsRs 292 Cr
Net blockRs 68 Cr
ReceivablesRs 144 Cr
InventoryRs 58 Cr
Other liabilitiesRs 169 Cr
Shares outstanding (crore)4.90
Ownership
Promoter holding63.38% (+6.67 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 27.8 is at the 8th percentile of its own 4.9-year range
(median 55.4, low 20.9, high 151.1).
P/B 1.39 is at the 1th percentile (median 5.31).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 531173 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.2% | -2.8% | -2.4 pts |
| 1 month | +9.3% | -6.8% | +16.1 pts |
| 3 months | -14.0% | -7.6% | -6.4 pts |
| 3 years | -39.3% | +14.2% | -53.5 pts |
| 5 years | +294.1% | +27.9% | +266.2 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -199% of net profit over the last 3 years |
| look | Share dilution Share count up 13% in a year, 23% in three |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹109 Cr -0.1% vs Jun 2025.
Net loss ₹2 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Syschem (India) Ltd?
Syschem (India) Ltd (531173) has a market capitalisation of Rs 194 Cr. at the 2026-10-01 close.
What is the P/E ratio of Syschem (India) Ltd?
Syschem (India) Ltd trades at a P/E of 31.6 on trailing twelve-month profit, at the 2026-10-01 close.
What were Syschem (India) Ltd's latest quarterly results?
In the Jun 2026 quarter, Syschem (India) Ltd sales was Rs 109 Cr (-0.1% vs Jun 2025) with a net loss of Rs 2 Cr.