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Systematic Industries Ltd (544541)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544541 NSE: Steel & Iron Products | Small Cap | Systematic Inds. Share Price

₹191 -6.00 (-3.05%)

As on 05-Jun'26 09:37

Systematic Industries Ltd (544541)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544541 NSE: Steel & Iron Products | Small Cap | Systematic Inds. Share Price

₹191 -6.00 (-3.05%)

As on 05-Jun'26 09:37

Key Metrics
Valuation Multiples
Market Cap
₹440 Cr.
Current Price
₹191
52-Week Low / High
₹125 / 249
TTM EPS
₹9.4
TTM Sales
₹553 Cr.
Book Value per Share
₹84.6
P/E Ratio
20.93
Lower than its 5-year historical median
Industry PE
25.8
Price to Book (P/B)
2.33
Price to Sales (P/S)
0.80
Lower than its 5-year historical median
EV/EBITDA
13.21
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
25.18%
Outperforms industry median
Return on Capital Employed (ROCE)
20.22%
Outperforms industry median
Return on Assets (ROA)
9.99%
Operating Profit Margin
7.7%
Net Profit Margin
4.04%
Gross Profit Margin
6.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
20.58%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
39.53%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
45.53%
Asset Quality
Promoter Holding
73.43%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹167 Cr.
Equity
₹22.3 Cr.
Face Value
₹10
All Time Low / High
₹125.00 / 249.00

Systematic Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Systematic Industries Ltd a good quality company?
Systematic Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Systematic Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Systematic Industries Ltd vs industry peers?
Systematic Industries Ltd revenue CAGR is 15.93%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Systematic Industries Ltd?
Promoters hold 73.43% of the Systematic Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Systematic Industries Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Systematic Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15.5%14.9%15.9%19.7%13.6%9.2%12.3%13.4%18.9%20.2%-
Value Creation
Index
0.10.10.10.40.0-0.4-0.10.00.40.4-

Growth Parameters

Sales 164172217263213175234320370447553
Sales YoY Gr.-4.6%26.4%21.2%-18.9%-17.9%33.7%36.9%15.6%20.6%-
Adj EPS 2.62.32.64.53.62.62.85.17.110.69.4
YoY Gr.--9.7%12.5%71.8%-20.4%-27.7%7%84.8%38.7%49%-
BVPS (₹) 2022.32529.53335.639.144.337.148.284.6
Adj Net
Profit
2.92.62.9542.93.15.711.917.821
Cash Flow from Ops. -5.217.14.915.3-2.32.4-1.2-6.815.28.6-
Debt/CF from Ops. -7.926.91.3-11.212-31-9.25.211.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 11.8%15.9%24%20.6%
Adj EPS 17%24.2%56.3%49%
BVPS10.3%7.9%7.3%30%
Share Price - - - -

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
13.71111.116.511.47.67.412.321.324.814.2
Op. Profit
Mgn %
6.36.15.24.84.33.53.84.26.67.7NAN
Net Profit
Mgn %
1.81.51.41.91.91.71.31.83.243.8
Debt to
Equity
1.81.41.20.60.70.70.81.31.31.2-
Working Cap
Days
121120978091132971031071010
Cash Conv.
Cycle
636543365082596870720

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales164172217263213175234320370447
Operating Expenses + 154161206250204169225307346412
Manufacturing Costs1111910201717283225
Material Costs120132172209167139190258288358
Employee Cost 4346657111415
Other Costs 2014202510811111214
Operating Profit 10101113969132534
Operating Profit Margin (%) 6.1%6.1%5.2%4.8%4.3%3.4%3.8%4.2%6.6%7.7%
Other Income + 0100022123
Exceptional Items 0000000000
Interest 5554224478
Depreciation 2222222234
Profit Before Tax 444754581724
Tax 1122111246
Profit After Tax 333543461218
PAT Margin (%) 1.7%1.5%1.4%1.9%1.9%1.7%1.7%2.0%3.4%4.0%
Adjusted EPS (₹)2.42.32.64.53.62.63.55.67.410.8
Dividend Payout Ratio (%)0%0.10%0.10%0.10%0.10%0%0%0%0%0%

Valuation of Systematic Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 22252833374044506281
Share Capital 11111111117
Reserves 22242732363943496164
Debt +41333319242734587391
Long Term Debt6652478172126
Short Term Debt35272817212026415265
Minority Interest0000000000
Trade Payables11172218666131314
Others Liabilities 4455545101314
Total Liabilities 78798875737789130162200

Fixed Assets

Net Fixed Assets +11121010101311272661
Gross Block17201819212626434584
Accumulated Depreciation6889111315161924
CWIP 00000000211
Investments 0000000000
Inventories15314591416263440
Trade Receivables39464649363140585279
Cash Equivalents 3452100115
Others Assets 11131210161922192715
Total Assets 78798875737789130162200

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -517515-22-1-7159
PBT 444754581724
Adjustment 66654156912
Changes in Working Capital -148-45-10-4-9-20-8-20
Tax Paid -1-2-2-2-2-1-2-1-2-7
Cash Flow From Investing Activity + -2-4-12-0-4-2-15-24-19
Capex -3-40-1-2-5-0-17-23-19
Net Investments 1-1-131-0-22-20
Others 0000011110
Cash Flow From Financing Activity + 7-13-4-18313221013
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000100945
Interest Paid -4-5-4-4-2-2-4-4-7-7
Dividend Paid 00-0-0000000
Others 11-91-14437171315
Net Cash Flow -001-10-00002

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)12.9310.9911.1816.5211.427.539.313.5122.1525.18
ROCE (%)15.4614.915.8919.7413.579.1612.2713.4318.920.22
Asset Turnover Ratio2.452.463.033.793.42.343.232.922.542.47
PAT to CFO Conversion(x)-1.675.671.673-0.50.67-0.25-1.171.250.5
Working Capital Days
Receivable Days76.708066.4055.8061.7070.4048.3055.7054.3053.60
Inventory Days23.7017.2012.6011.6010.7024.9020.5023.5029.6030.40
Payable Days44.3037.704135.2026.8015.7011.6013.5016.3013.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Systematic Industries Ltd FAQs

The current trading price of Systematic Inds. on 05-Jun-2026 09:37 is ₹191.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Systematic Inds. stood at ₹439.9 Cr

The latest P/E ratio of Systematic Inds. as of 04-Jun-2026 is 20.93.

The latest P/B ratio of Systematic Inds. as of 04-Jun-2026 is 2.33.

The 52-week high of Systematic Inds. is ₹249.0 and the 52-week low is ₹125.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Systematic Inds. is ₹553 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Systematic Industries Ltd is a average quality company.

The key valuation ratios of Systematic Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Systematic Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Systematic Industries Ltd

Systematic Industries was incorporated on March 24, 2000 as ‘Systematic Intel Industries Limited’ a Public Limited Company under the provisions of the Companies Act, 1956 pursuant to a Certificate of Incorporation issued by the Registrar of Companies, Mumbai. It commenced commercial operations pursuant to a Certificate for Commencement of Business dated November 14, 2002 issued by the Registrar of Companies, Mumbai. 

The company operates in the steel wire industry and engaged in the business of manufacturing and supplying of various steel wires and cables, catering to the needs of power transmission, infrastructure, telecommunications, agro-based and allied industries. Its product portfolio includes Steel wires such as Carbon steel wire (MS Wire), High carbon wire (HC Wire), Mild Steel (MS) Wire, Galvanized Iron (GI) Wire, Cable Armour Wire, Aluminium conductor steel-reinforced cable (ACSR Core wire), Aluminium Clad Steel (ACS) Wire etc. Along with Optical Ground Wires (OPGW) and Optical Fibre Cable (OFC), which have electrical and mechanical properties that are suitable for applications in power generation, data transmission and distribution, thus, ensuring efficiency and reliability across various industries.

It operates from few of its factories which are situated in Dadra & Nagar Haveli and Daman & Diu and in Gujarat. It has its own Research & Development department that adheres to safety and quality standards as required by the customers. Its emphasis on R&D enables it to constantly develop quality products, offering technological & economical solutions to customers. It sells its products in several states & Union Territories in India and also exports its products to foreign countries. 

Business area of the company

The company is operating in the steel wire industry and engaged in the business of manufacturing and supplying of various steel wires and cables, catering to the needs of power transmission, infrastructure, telecommunications, agro-based and allied industries. Its emphasis on R&D enables it to constantly develop quality products, offering technological & economical solutions to customers. It sells its products in several states & Union Territories in India and also exports its products to foreign countries.

Products of the company

i) Steel Wires

  • Carbon Steel Wire
  • Galvanized Iron Wire (GI Wire)
  • Zinc and Aluminium alloy coated steel wire
  • Aluminium Clad Steel (ACS) Wire

ii) Optical Ground Wires  (OPGW)

iii) Optical Fibre Cable (OFC)

Accreditation

  • Accorded with ISO 9001:2015 for Quality Management System. 
  • Accorded with ISO 14001:2015 for Environmental Management System. 
  • Accorded with ISO 45001:2018 for Occupational Health & Safety Management System. 
  • Accorded with Bureau of Indian Standards licence for IS 280: 2006 
  • Accorded with Bureau of Indian Standards licence for IS 3975: 1999 
  • Accorded with Bureau of Indian Standards licence for IS 398: PART 2: 1996 
  • Accorded with Bureau of Indian Standards licence for IS 398: PART 5: 1992 
  • Accorded with Sri Lanka Standards Institution for SLS 139: 2003 
  • Type tested products from ERDA, DRDO, CPRI

Awards and recognitions

  • 2015: Accorded with the status of One Star Export House in accordance with the provisions of the Foreign Trade Policy.
  • 2020: a recognition awarded by Ministry of Commerce & Industry, Government of India
  • 2021-22: Indian Achievers Award for Promising Company. 
  • 2022: Top 10 Steel Wire & Wire Rope manufacturers in year 2022 by Industry outlook. 
  • 2024: Technical Specification Evaluation Certificate approved by BSNL 
  • 2024: Approval by Power Grid Corporation of India Limited for Aluminium Clad Steel Wires (ACS) for Aluminium Clad Steel Wires (ACS)
  • 2025: Certified by ET NOW as the ‘Best Organisations to Work’
  • 2025: Development vendor for Fibre Armoured Optical Fibre Cable
  • 2025: Approval for supply of Optical Ground Wire (OPGW) for POWERGRID Projects

History and milestone

  • 2000: Incorporation of the company as a public limited company under the name ‘Systematic Intel Industries Limited’ under the Companies Act, 1956. 
  • 2002-03: Commencement of commercial production in Factory situated at Sayli, Silvassa. 
  • 2003: Conversion of Company from Public Limited to Private Limited Company i.e. Systematic Intel Industries Private Limited 
  • 2011-12: Crossed Revenue of Rs 100 crore 
  • 2012: Change in the name of the company from ‘Systematic Intel Industries Private Limited’ to ‘Systematic Industries Private Limited’. 
  • 2017-18: Crossed Revenue of Rs 200 crore
  • 2019-20: Commencement of commercial production in Factory situated at Naroli, Silvassa 
  • 2021-22: Commencement of commercial production in Factory situated at Umerqui, Silvassa
  • 2022-23: Won Certificate of Recognition as One Star Export House from Ministry of Commerce and Industry. 
  • 2022-23: Commencement of commercial production in Factory situated at G.I.D.C., Umbergaon, Valsad. 
  • 2023-24: Crossed Revenue of Rs 350 crore December 06, 2024 Conversion of the company from Private Limited to Public Limited Company.

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