Systematix Corporate Services Limited (SYSTMTXC)

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Systematix Corporate Services Limited (SYSTMTXC) · mywealthgrid

About

Systematix Corporate Services provides stockbroking and allied services in India's capital markets, with a market cap of ₹815 Cr. The company achieved strong margins historically (63.79% OPM in Sep 2025) but has experienced sharp profitability deterioration in recent quarters, posting losses by June 2026.

Face value: ₹1

Market cap

₹1,010 Cr

P/E

—

P/B

3.2×

Dividend yield

0.1%

ROE

4.5%

ROCE

—

Debt / equity

0.06

OPM

21.2%

EPS (TTM)

₹-0.1

Book value

₹22.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings volatility: net profit fell from ₹17.99 Cr (Sep 2025) to -₹6.19 Cr (Jun 2026), with EPS swinging from +1.32 to -0.45 within nine months
Margin compression: OPM collapsed from 63.79% to -144.41% in three quarters, indicating severe revenue loss or cost overruns
Stock underperformance: down 51.98% over 1 year and trading near 52-week low of ₹58.01 vs. range ₹52.65–₹168.67
Business unpredictability: quarterly revenue ranges from ₹3.58 Cr to ₹56.26 Cr — verify client concentration and market exposure

Generated analysis · source review pending

Growth drivers

Low leverage (D/E 0.06) provides capital flexibility for growth initiatives or strategic moves without debt constraints
Sep 2025 margins of 63.79% demonstrate operational potential; verify restoration prospects and underlying cause of recent collapse
Revenue swings (₹3.58 Cr to ₹56.26 Cr quarterly) indicate market sensitivity; verify stabilization path and sector growth catalysts

Generated analysis · source review pending

556 historical price candles were omitted because the exchange source has not been verified.

₹74.0-2%1Y

Quick read

rule-based

Pros

+Strong return on equity of 22.4% (3-yr avg)
+High return on capital employed of 29.5%
+Healthy operating margin of 21.2%
+Profit CAGR of 39.7% over the last 3 years
+Revenue CAGR of 26.3% over the last 3 years
+Almost debt-free (debt/equity 0.1)
+High promoter holding of 70.6% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

62/100

Business quality: 47
Growth: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Billionbrains Garage Ventures LimitedGROWWGROWW	₹1,12,994 Cr	₹1,13,218 Cr	₹5,242 Cr	₹3,234 Cr	59.1%	₹2,440 Cr	44.9%	29.4%	21.6%	-1,528
Motilal Oswal Financial Services LimitedMOTILALOFSMOTILALOFS	₹59,602 Cr	₹80,857 Cr	₹10,063 Cr	₹4,120 Cr	41.3%	₹1,980 Cr	20%	—	15.6%	—
360 One Wam Limited360ONE360ONE	₹42,297 Cr	₹57,749 Cr	₹4,638 Cr	₹2,875 Cr	62.1%	₹1,262 Cr	27.9%	—	14.4%	—
Nuvama Wealth Management LimitedNUVAMANUVAMA	₹31,051 Cr	₹42,594 Cr	₹4,884 Cr	₹2,554 Cr	52.7%	₹1,083 Cr	22.5%	—	27.4%	—
Angel One LimitedANGELONEANGELONE	₹25,280 Cr	₹33,159 Cr	₹5,426 Cr	₹2,028 Cr	35.4%	₹1,032 Cr	17.8%	—	15.6%	—
IIFL Capital Services LimitedIIFLCAPSIIFLCAPS	₹10,762 Cr	₹12,583 Cr	₹2,434 Cr	₹853 Cr	35%	₹572 Cr	23.3%	—	20.1%	—
Share India Securities LimitedSHAREINDIASHAREINDIA	₹4,487 Cr	₹5,158 Cr	₹1,577 Cr	₹633 Cr	38.8%	₹363 Cr	22.1%	—	13%	—
Anand Rathi Share And Stock Brokers LimitedARSSBLARSSBL	₹3,283 Cr	₹4,114 Cr	₹977 Cr	₹401 Cr	40.7%	₹130 Cr	13.9%	23.9%	14%	-3,037
Monarch Networth Capital LimitedMONARCHMONARCH	₹2,718 Cr	₹2,744 Cr	₹365 Cr	₹255 Cr	69.3%	₹181 Cr	48.7%	28.3%	20.5%	-1,399
Geojit Financial Services LimitedGEOJITFSLGEOJITFSL	₹2,113 Cr	₹2,177 Cr	₹678 Cr	₹145 Cr	24%	₹73 Cr	12.5%	—	6.8%	—
Smc Global Securities LimitedSMCGLOBALSMCGLOBAL	₹2,074 Cr	₹4,072 Cr	₹1,967 Cr	₹383 Cr	20.1%	₹109 Cr	5.5%	—	8.1%	—
Algoquant Fintech LimitedALGOQUANTALGOQUANT	₹1,898 Cr	₹1,929 Cr	₹235 Cr	₹53 Cr	22.4%	₹33 Cr	14.2%	17.6%	24.8%	2

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	89	73	140	139	146
	63	69	76	104	115
	26	3	64	35	31
OPM %	29%	4.8%	45.7%	25.1%	21.2%
Depreciation	1	1	2	3	5
Interest	3	3	3	4	4
	2	6	9	29	1
Profit before tax	23	6	68	57	23
Tax	6	1	14	11	9
Tax %	25.1%	11.8%	21.2%	19.9%	39.1%
	18	5	53	46	14
PAT margin %	19.6%	7%	38.2%	32.8%	9.5%
EPS (₹)	—	—	41.1	3.5	1
EPS adjusted (₹)	1.3	0.4	4.1	3.3	1
	—	—	2.4%	2.9%	9.9%
Annual report	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	13	13	13	13	14	14
Reserves	—	82	86	139	286	300
Minority interest	—	0	—	—	—	—
	—	23	13	12	10	19
	—	108	69	144	118	102
Total equity & liabilities	—	225	181	308	428	435
	6	6	6	17	16	35
CWIP	—	—	—	—	—	0
Investments	—	25	25	41	46	44
	—	194	150	250	366	357
Total assets	—	225	181	308	428	435

₹ Cr	Mar 2019	Mar 2020	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	49	93	51	-15	88	-20	-8
	1	-1	-15	4	24	11	-17
	-55	-83	-9	-14	-3	98	-6
Net cash flow	-4	10	27	-25	108	89	-31
Free cash flow	-40	3	50	-16	75	-23	-31
CFO / Operating profit %	—	—	195.2%	-446.7%	137.6%	-57.6%	-25.9%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Merchant Banking & Related Activities	78.3	36.05	156.13	38.29	117.84	30.59
Equity, Commodity, Currency and other Transactional Services	66.84	-3.01

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—
EBITDA margin %	29%	4.8%	45.7%	25.1%	21.2%
EBIT margin %	28.3%	3.9%	44.3%	22.8%	18%
PAT margin %	19.6%	7%	38.2%	32.8%	9.5%
Working capital
Receivable days	166	48	38	92	—
Inventory days	0	0	0	0	0
Payable days	552	296	526	308	—
NWC days	-386	-248	-488	-216	—
Leverage
Current ratio	1.69	2.12	2	3.26	—
Debt to EBITDA	0.88	3.69	0.18	0.3	0.62
Debt to equity	0.24	0.13	0.08	0.03	0.06
Interest coverage	7.7	2.7	22.9	14.7	6.3
Asset turnover	0.4	0.4	0.45	0.33	0.34
Return ratios
Return on assets %	7.8%	2.8%	17.3%	10.7%	3.2%
Return on capital employed %	27.3%	9.1%	53.3%	26.2%	—
Return on equity %	18.4%	5.1%	35%	15.3%	4.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.21%	74.23%	74.23%	74.23%	74.23%	70.57%	70.58%	70.58%	70.58%	70.58%	70.58%	70.58%
	0%	0%	0.14%	0.16%	0.97%	3.58%	5.28%	5.39%	5.36%	5.03%	4.12%	3.95%
	0%	0%	0%	0%	0%	0.04%	0%	0%	0%	0%	0.07%	0.07%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.79%	25.77%	25.63%	25.61%	24.8%	25.81%	24.14%	24.03%	24.06%	24.39%	25.23%	25.4%
No. of shareholders	—	—	—	—	—	—	—	—	10,425	10,800	11,140	10,814

Promoter holding down 3.63 percentage points since Sep 2023.

16 deals · 9 Aug 2021 – 30 Dec 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Dec 2025	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	8,35,474	₹152.71	₹12.76 Cr
30 Dec 2025	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Buy	8,35,474	₹152.70	₹12.76 Cr
28 Nov 2024	SAJM GLOBAL IMPEX PRIVATE LIMITED	Bulk	BSE	Buy	8,00,055	₹335.87	₹26.87 Cr
28 Nov 2024	SAJM GLOBAL IMPEX PRIVATE LIMITED	Bulk	BSE	Sell	7,48,487	₹335.90	₹25.14 Cr
12 Nov 2024	SAJM GLOBAL IMPEX PRIVATE LIMITED	Bulk	BSE	Buy	7,25,752	₹206.43	₹14.98 Cr
12 Nov 2024	SAJM GLOBAL IMPEX PRIVATE LIMITED	Bulk	BSE	Sell	7,15,013	₹203.42	₹14.54 Cr
31 Oct 2024	HEMALI PATHIK THAKKAR	Bulk	BSE	Sell	1,38,169	₹1,901.97	₹26.28 Cr
31 Oct 2024	HEMALI PATHIK THAKKAR	Bulk	BSE	Buy	1,38,094	₹1,863.24	₹25.73 Cr
31 Oct 2024	SAJM GLOBAL IMPEX PRIVATE LIMITED	Bulk	BSE	Sell	83,911	₹1,863.01	₹15.63 Cr
31 Oct 2024	SAJM GLOBAL IMPEX PRIVATE LIMITED	Bulk	BSE	Buy	76,011	₹1,928.16	₹14.66 Cr

1–10 of 16

1 / 2

Mr. Nikhil KhandelwalExecutive Director-Chairperson related to Promoter-MD
Mrs. Anju KhandelwalNon-Executive - Non Independent Director
Mrs. Priyanka KhandelwalExecutive Director
Mr. Rakesh MehtaNon-Executive - Independent Director
Mr. Ganesh RamanathanNon-Executive - Independent Director
Mr. Vijaykumar GautamNon-Executive - Independent Director
Mr. Anil BhagchandaniChief Financial Officer
Mr. Divyesh BadiyaniCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Systematix Corporate Services Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

4

Final dividend15 Sept 2026 · ex-date₹0.1
Final dividend12 Sept 2025 · ex-date₹0.1
Final dividend19 Sept 2024 · ex-date₹1
Final dividend21 Sept 2022 · ex-date₹1

1

Board meeting to consider results7 Aug 2026

1

Face value ₹10 → ₹15 Nov 2024 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

77 announcementsExport CSV

29 Sept 2026, 5:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

28 Sept 2026, 4:00 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

22 Sept 2026, 6:53 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

22 Sept 2026, 6:46 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

22 Sept 2026, 1:46 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

29 Aug 2026, 1:54 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

28 Aug 2026, 2:05 pmAGM/EGM

Shareholders Meeting - AGM On 22/09/2026

AGM PDF

28 Aug 2026, 2:01 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
29 Sept 2026, 5:16 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Acquisition	PDF
28 Sept 2026, 4:00 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window

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Systematix Corporate Services Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

4

1

1

Announcements

Not in the F&O segment

No fund holdings on record

4

1

1

Announcements

Annual reports

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Equity, Commodity, Currency and other Transactional Services · revenue

Systematix Corporate Services Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends4

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends4

Board meetings1

Stock splits1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Equity, Commodity, Currency and other Transactional Services · revenue

4

1

1

4

1

1