MarketFriction

Systematix Corporate Services Ltd

NSE SYSTMTXC · BSE 526506 · Stockbroking & Allied
₹73.96 -1.99%
NSE close2026-10-01
52 week range51.89 - 177.90
Market cap₹1,030 Cr.
ESM Price band 2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales20.1248.0253.3529.2836.6742.2729.6339.1755.7233.6023.5056.26
Expenses16.6817.0727.5226.3828.6120.6928.1723.6435.1029.7633.0358.53
Operating Profit3.4430.9525.832.908.0621.581.4615.5320.623.84-9.53-2.27
OPM %17.10%64.45%48.42%9.90%21.98%51.05%4.93%39.65%37.01%11.43%-40.55%-4.03%
Other Income0.210.975.041.2220.734.503.990.270.79-0.070.412.67
Interest0.780.760.920.961.011.111.091.021.001.101.311.28
Depreciation0.380.391.030.800.780.790.810.921.041.191.572.20
Profit before tax2.4930.7728.922.3627.0024.183.5513.8619.371.48-12.00-3.08
Tax %27.71%22.26%19.85%26.69%17.96%23.16%7.04%24.60%25.25%53.38%-1.75%59.09%
Net Profit1.8023.9323.191.7422.1418.583.3010.4614.490.69-11.79-4.89
EPS in Rs0.141.841.790.131.711.360.240.771.060.05-0.86-0.36
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3442545651558973146168147169
Expenses222437414350636973104115156
Operating Profit121817159526473643213
OPM %35%43%32%27%17%9%29%6%50%38%22%7%
Other Income112221150-004
Interest1213913104333445
Depreciation111661112356
Profit before tax-169-3-512366857236
Tax %56%30%29%12%-2%-23%25%12%21%20%39%
Net Profit-146-3-41185534614-1
EPS in Rs-0.070.300.49-0.23-0.340.101.350.394.113.351.01-0.11
Dividend Payout %-0%-0%-0%-0%-0%-0%7%-0%2%3%10%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%22%26%14%
Compounded Profit Growth33%61%41%-102%
Stock Price CAGR55%19%27%-44%
Return on Equity12%16%17%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital131313131313131313131414
Reserves403943496762648286139286300
Borrowings1491301361559727363021212019
Other Liabilities2525343227355810161136108102
Total Liabilities226207226249204138171226181308428435
Fixed Assets8767127666171631
CWIP-0-0-0-0-0-0-0-0-0-0-04
Investments-016224352525414644
Other Assets219184218240188127159195150251366357
Total Assets226207226249204138171226181308428435
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-3555-3-1649931851-1588-20-21
Cash from Investing Activity21111-1-2-15424-9750
Cash from Financing Activity43-47811-55-836-9-14-398-6
Net Cash Flow1096-5-4102227-25108-2023
Free Cash Flow-3554-4-1749921850-1675-23-31
CFO/OP-220%462%-19%-92%324%1,074%370%217%-342%141%-11%-19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days173749711163416816647377694
Inventory Days
Days Payable
Cash Conversion Cycle173749711163416816647377694
Working Capital Days32599178302-39212-17-154-74-183-45-4
ROCE %9%6%10%9%5%4%4%23%7%48%25%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.22%74.23%74.23%74.23%74.23%70.57%70.58%70.58%70.58%70.58%70.58%70.58%
FIIs0.00%0.00%0.14%0.16%0.97%3.57%5.28%5.39%5.36%5.03%4.12%3.95%
DIIs0.00%0.00%0.00%0.00%0.00%0.04%0.00%0.00%0.00%0.00%0.07%0.07%
Public25.79%25.78%25.63%25.61%24.81%25.82%24.15%24.04%24.07%24.39%25.24%25.40%
No. of Shareholders1,7431,7411,8032,2262,91810,34610,33710,79010,42510,80011,14010,814

Fundamentals

Market Cap₹ 1,030 Cr.
Current Price₹ 75.5
Book Value₹ 23.0
ROCE8.49 %
ROE4.62 %
Dividend Yield0.13 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)-102%
Consolidated figures.
Valuation
Market capRs 1,011 Cr
Enterprise valueRs 797 Cr
Price to book3.22x
Price to sales5.98x
EV / EBITDA48.40x
EV / EBIT76.17x
EV / sales4.71x
Earnings yield-0.15%
Dividend yield0.14%
P/E, 3-year average31.93x
P/B, 3-year average3.12x
P/E, 5-year average20.89x
P/B, 5-year average2.04x
Profitability
Operating margin (excl. other income)21.58%
Operating margin (incl. other income)21.69%
EBITDA margin9.73%
Pre-tax margin3.41%
Net profit margin-0.88%
Net margin, latest quarter-8.69%
ROE4.51%
ROCE8.31%
ROA3.21%
ROE, 3-year average22.40%
ROCE, 3-year average27.17%
ROA, 3-year average12.47%
ROE, 5-year average18.55%
ROCE, 5-year average22.29%
ROA, 5-year average9.75%
ROIC (approx.)6.39%
Tax rate39.07%
Other income / net worth0.05%
Growth
Sales growth (latest year)-12.74%
Profit growth (latest year)-69.73%
Sales CAGR, 3 years26.02%
Sales CAGR, 5 years21.75%
Profit CAGR, 3 years39.70%
Profit CAGR, 5 years60.02%
Sales growth QoQ139.40%
Sales growth YoY (latest quarter)43.63%
Profit growth YoY (latest quarter)-146.75%
Per share
EPS (TTM)Rs -0.11
EPS (latest year)Rs 1.01
EPS (latest quarter)Rs -0.36
EPS, 3-year averageRs 15.01
EPS, 5-year averageRs 12.44
Book value per shareRs 22.97
Sales per shareRs 12.37
Cash flow per shareRs -1.54
Free cash flow per shareRs -2.27
Dividend per share (latest year)Rs 0.10
Dividend per share, 3-year averageRs 0.40
Dividend per share, 5-year averageRs 0.55
Dividends
Dividend payout9.89%
Dividend payout, 3-year average5.11%
Dividend payout, 5-year average5.69%
Efficiency
Asset turnover0.34x
Fixed asset turnover4.79x
Debtor days94 days
Debtors turnover3.89x
Cash conversion cycle94 days
Working capital days-4 days
Leverage
Total debtRs 19 Cr
Cash and bankRs 233 Cr
Net debtRs -214 Cr
Debt to equity0.06x
Net debt / EBITDA-13.01x
Interest coverage2.23x
Owners' fund to total sources72.10%
Debt to assets4.38%
Cash flow
Cash from Operating Activity (latest year)Rs -21 Cr
Cash from Investing Activity (latest year)Rs 50 Cr
Cash from Financing Activity (latest year)Rs -6 Cr
Net Cash Flow (latest year)Rs 23 Cr
Free cash flow (latest year)Rs -31 Cr
FCFE (approx.: FCF + change in debt)Rs -32 Cr
Cash from ops / profit, 5 years0.61x
Statement figures
Net sales (TTM)Rs 169 Cr
Net sales (latest year)Rs 147 Cr
Sales (latest quarter)Rs 56 Cr
Operating profit excl. other income (latest year)Rs 32 Cr
Operating profit (latest quarter)Rs -2 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 16 Cr
PBDT (TTM)Rs 12 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs 14 Cr
Net profit (latest quarter)Rs -5 Cr
Depreciation (TTM)Rs 6 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 9 Cr
Total expenditure (latest year)Rs 115 Cr
Total income (latest year)Rs 147 Cr
Share capitalRs 14 Cr
ReservesRs 300 Cr
Shareholders' fundsRs 314 Cr
Total assetsRs 435 Cr
Net blockRs 31 Cr
Capital work in progressRs 4 Cr
InvestmentsRs 44 Cr
ReceivablesRs 38 Cr
Other liabilitiesRs 102 Cr
Shares outstanding (crore)13.67
Ownership
Promoter holding70.58% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 3.22 is at the 50th percentile (median 3.22).
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.
PeriodSYSTMTXCNifty 50Difference
1 week-6.4%-2.8% -3.7 pts
1 month+28.1%-6.8% +34.9 pts
3 months+13.8%-7.6% +21.4 pts
6 months+40.5%+0.4% +40.1 pts
3 years+100.8%+14.2% +86.6 pts
5 years+142.1%+27.9% +114.2 pts

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was 41% of net profit over the last 3 years
lookOn NSE surveillance On NSE surveillance: ESM
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 2026
Sales ₹56 Cr +43.6% vs Jun 2025. Net loss ₹5 Cr.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Billionbrains Garage Ventures Ltd115,13347.237.3 %
Motilal Oswal Financial Services Ltd60,06930.312.7 %
360 ONE WAM Ltd41,98333.312.1 %
Nuvama Wealth Management Ltd30,48428.217.5 %
Angel One Ltd25,01424.214.8 %
IIFL Capital Services Ltd10,87819.121.1 %
Share India Securities Ltd4,49212.418.4 %
Anand Rathi Share & Stock Brokers Ltd3,15621.419.8 %
Monarch Networth Capital Ltd2,71415.027.6 %
Geojit Financial Services Ltd2,13827.59.02 %
SMC Global Securities Ltd1,94817.911.4 %
5paisa Capital Ltd1,42932.39.94 %
Dolat Algotech Ltd1,1518.0016.3 %
Dam Capital Advisors Ltd1,10115.235.4 %
Master Trust Ltd1,0217.6423.8 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-09-15Dividend - Re 0.10 Per Share
DateTypeWhat it says
2026-09-29AcquisitionThis is to inform you that the Company has made an investment through rights issue in its Wholly-Owned Subsidiary i.e. Systematix Wealth & Asset Servi...
2026-09-22Change in ManagementRe-appointment of Mr. Nikhil Khandelwal, as a Managing Director of the Company for a further period of 3 (Three) years.
2026-09-22Shareholder meetingVoting results of the 41st Annual General Meeting of the Company along with Scrutinizer s Report.
2026-09-22Shareholder meetingProceedings of the 41st Annual General Meeting of the Company for the financial year 2025-26 held on Tuesday, September 22, 2026.
2026-08-28Record DateThe Company has fixed Tuesday, September 15, 2026 as Record Date for the purpose of determining the members eligible to receive the dividend for the F...
2026-08-28Shareholder meetingNotice of Annual General Meeting to be held on September 22, 2026
2026-08-27AcquisitionThis is to inform you that the Company has made investment through rights issue in its Wholly-Owned Subsidiary i.e. Systematix Wealth & Asset Services...
2026-08-13Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026.
2026-08-07UpdatesSystematix Group_Presentation Q1FY27.
2026-08-07Press ReleaseA press release dated August 07, 2026, titled "Press Release on the un-audited financial results for the quarter ended June 30, 2026.".
2026-08-07Change in ManagementRe-appointment of Mr. Nikhil Khandelwal as a Managing Director of the Company for a further period of three years w.e.f September 01, 2026, subject to...
2026-08-07Board meeting outcomeWe hereby inform that the Board of Directors of the Company has, at its meeting held today i.e. on Friday, August 07, 2026 1. Approved standalone and ...
2026-08-04ResignationResignation of Director/KMP/SMP
2026-08-04ResignationThis is to inform you that Mr. Ankit Gor, Director, Investment Banking - ECM who was a Senior Management Personnel of the Company has tendered his res...
2026-08-04ResignationResignation of Director/KMP/SMP
2026-07-29AcquisitionThis is to inform you that the Company has made an Investment through rights issue in its Wholly Owned Subsidiary i.e. Systematix Wealth & Asset Servi...
2026-07-23Sale or disposalIn continuation of the Intimation dated April 29, 2026 this is to inform you that Divisha Alternative Investments LLP, the subsidiary LLP of the Compa...
2026-06-18Disclosure under SEBI TakeovNikhil Khandelwal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial...
2026-05-15Change in ManagementSYSTMTXC: Appointment of Mr. Ratnadeep Acharyya as Managing Director & CEO - IB and designated him as Senior Management Personnel of the Company.
2026-05-08Change in ManagementAppointment of Ms. Rupam Lal Das as Joint Managing Director and designated her as Senior Management Personnel of the Company.
2026-05-05Monitoring Agency ReportMonitoring Agency Report for Quarter ended March 31, 2026.
2026-05-05UpdatesUpdates.
2026-04-29UpdatesWe would like to inform you that as on March 31, 2026 Systematix Corporate Services Limited is NOT IDENTIFIED AS LARGE CORPORATE".
2026-04-29Press ReleaseA press release dated April 29, 2026, titled "Press Release ".
2026-04-29UpdatesInvestor Presentation.
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.
ESM: stage 2Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03