- POSITIVE
Annual Revenue Systematic Industries Mar-2026 Annual Revenue is Rs 556 Cr which is growth of 23.9% YoY.
- POSITIVE
Annual Net Profit Systematic Industries Mar-2026 Annual Net Profit is Rs 21 Cr which is growth of 13.8% YoY.
Systematic Industries was incorporated on March 24, 2000. The company, certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, manufactures and supplies steel wires and cables for power, infrastructure, telecom, and agro industries. Its portfolio includes MS wire, HC wire, GI wire, ACSR core wire, ACS wire, OPGW, and OFC, ensuring efficiency and reliability
| Bidding Dates |
|---|
| 24 Sep 2025 - 26 Sep 2025 |
| Subscription |
|---|
| 4.17x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹222,000 | 2 | 2 | 600 | 5.9 M | ₹185 - ₹195 | 75.21 % | ₹1,096.7 M - ₹1,156.0 M | RHP DOC |
Systematic Industries IPO SUBSCRIPTION STATUS
26 Sep '25Total4.17x
Retail Individual Investor3.19x
HNI (NII) Investors7.87x
Qualified Institutional Buyers3.74x
Systematic Industries IPO overall subscription rate was 4.17 times the total available shares
Systematic Industries IPO retail subscription rate was 3.19 times in the retail segment
Systematic Industries IPO non-institutional investor subscription rate was 7.87 times in the non-institutional investor category
Systematic Industries IPO Qualified Institutional Bidder subscription rate was 3.74 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Sep 2025 (Day 3) | 3.19x | 7.87x | 3.74x |
25 Sep 2025 (Day 2) | 0.43x | 0.58x | 0.45x |
24 Sep 2025 (Day 1) | 0.07x | 0.34x | 0x |
Systematic Industries FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 446.5 | 18.5 | 7.6 | -11.3 | 7.6% |
| FY24 | 370.3 | 12.4 | 15.2 | -7.8 | 6.5% |
| FY23 | 320.5 | 6.3 | -6.8 | -24.1 | 4.0% |
Systematic Industries IPO SUBSCRIPTION STATUS DETAILS
Systematic Industries had 5.9 M shares on offer
Systematic Industries IPO offer price was in the range ₹185 - ₹195
Systematic Industries IPO minimum Investment was ₹222000
Systematic Industries IPO issue size was ₹ 1,096.7 M - ₹ 1,156.0 M
Systematic Industries had a minimum lot size of 600 Shares per application
Systematic Industries NUMBER OF SHARES ON OFFER
Total5.9 M
Fresh Issue5.5 M
Offer for Sale400.0 K
Post Issue Promoter Holding %75.21 %
Systematic Industries IPO IMPORTANT DATES
| Issue Open Date | 24 Sep 2025 |
| Issue close Date | 26 Sep 2025 |
| Allotment Date | 29 Sep 2025 |
| Refund Date | 30 Sep 2025 |
| Demat Account Credit Date | 30 Sep 2025 |
| Listing Date | 01 Oct 2025 |
| Listing on Exchange(s) | BSE |
| Systematic Industries Allotment Status | Exchange/ Registrar |
Systematic Industries IPO subscription opened on 24 Sep 2025, and closed on 26 Sep 2025
IPO allotment for Systematic Industries was finalized on Monday, 29 Sep 2025
IPO listing for Systematic Industries was on BSE on Wednesday, 01 Oct 2025
Systematic Industries IPO LISTING GAINS
| Issue Price (adjusted) | 195.0 |
| Listing Open Price | 193.8 |
| Listing Close Price | 196.4 |
| Listing Gain% | -0.6% |
| Current Gain% | 44.1% |
Systematic Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Systematic Industries Ltd. | 281 | 627.5 | 29.9 | 2.2 | 1.1 | 10.4 | 8.9 | 556.3 | 23.9 | 21 | 13.8 | 9.4 | 13.8 |
| Polycab India Ltd. | 8408.5 | 126713.2 | 44.2 | 1.5 | 4.1 | 22.2 | 13 | 29120 | 28.8 | 2672 | 32.3 | 190.1 | 29.2 |
| KEI Industries Ltd. | 4673.5 | 44678.9 | 44.8 | 1.3 | 3.6 | 13.8 | 10.2 | 11906.3 | 21.4 | 918.4 | 31.9 | 104.3 | 34.4 |
| R R Kabel Ltd. | 2528.3 | 28596.5 | 47.1 | 0.6 | 2.6 | 19.1 | 10.6 | 9778.8 | 27.5 | 492.2 | 58 | 53.7 | 80.3 |
| Finolex Cables Ltd. | 1460.9 | 22342.9 | 27.9 | 1 | 3.2 | 11.7 | 10.2 | 6486.6 | 17.6 | 713.7 | 1.8 | 52.3 | 29.2 |
| Universal Cables Ltd. | 1494 | 5183.5 | 25.9 | 0.4 | 1.5 | 8.9 | 3.8 | 3051 | 25.5 | 163.1 | 82.5 | 57.7 | 71.7 |
Annual
Balance Sheet
Ratios
Cash Flow
Systematic Industries annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
Actual
Table Settings
YoY & New to Old
CAGR Columns
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Base Level
Export
| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 |
|---|---|---|---|---|---|---|---|---|---|---|
20% | 25.8% | 556.4 | 449.2 | 372.6 | 321.9 | 236 | 176.9 | 213.7 | ||
Operating Exp. Ann. | 18.9% | 25% | 515.9 | 412 | 345.8 | 307.2 | 225.2 | 169.2 | 204.1 | |
Operating Profit Ann. | 40.1% | 45.1% | 36.6 | 34.5 | 24.5 | 13.3 | 8.9 | 5.7 | 9.1 | |
OPM Ann. % | 16.7% | 15.3% | 6.58% | 7.69% | 6.58% | 4.14% | 3.76% | 3.23% | 4.27% | |
19% | 25% | 528.2 | 424.4 | 356 | 313.4 | 230.7 | 173.1 | 208.3 | ||
EBITDA Ann. | 40.2% | 39.4% | 40.5 | 37.2 | 26.8 | 14.7 | 10.8 | 7.7 | 9.6 | |
EBITDA Ann. margin % | 16.7% | 10.7% | 7.27% | 8.29% | 7.19% | 4.58% | 4.58% | 4.37% | 4.48% | |
Interest Ann. | 10.9% | 23.4% | 6 | 8 | 7.3 | 4.4 | 3.9 | 2.1 | 2.4 | |
Depr. | 49.1% | 30% | 6.3 | 4.4 | 2.9 | 1.9 | 1.7 | 1.7 | 1.8 | |
PBT Ann. | 49% | 48.4% | 28.1 | 24.8 | 16.6 | 8.5 | 5.3 | 3.9 | 5.4 | |
Tax Ann. | 47.8% | 48% | 7.1 | 6.4 | 4.2 | 2.2 | 1.4 | 1 | 1.4 | |
49.4% | 48.6% | 21 | 18.5 | 12.4 | 6.3 | 3.9 | 2.9 | 4 | ||
Net Profit Ann. | 49.4% | 48.6% | 21 | 18.5 | 12.4 | 6.3 | 3.9 | 2.9 | 4 | |
NPM Ann. % | 24.7% | 18.2% | 3.80% | 4.13% | 3.34% | 1.96% | 1.66% | 1.65% | 1.87% | |
EPS Adj. latest Ann. | 49.7% | 48.5% | 9.4 | 8.3 | 5.6 | 2.8 | 1.7 | 1.3 | 1.8 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
23.9%
2Y CAGR
22.2%
3Y CAGR
20%
5Y CAGR
25.8%
Net Profit Ann.
1Y CHG
13.5%
2Y CAGR
30.1%
3Y CAGR
49.4%
5Y CAGR
48.6%
Operating Exp. Ann.
1Y CHG
25.2%
2Y CAGR
22.1%
3Y CAGR
18.9%
5Y CAGR
25%
Systematic Industries INFORMATION ON IPO ISSUE
About Systematic Industries
Systematic Industries was incorporated on March 24, 2000. The company, certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, manufactures and supplies steel wires and cables for power, infrastructure, telecom, and agro industries. Its portfolio includes MS wire, HC wire, GI wire, ACSR core wire, ACS wire, OPGW, and OFC, ensuring efficiency and reliability
Object of the Issue
- Repayment and/or pre-payment, in full or part, of borrowing availed by the company
- General corporate purposes
Systematic Industries - PROMOTERS
| Name |
|---|
| Siddharth Rajendra Agarwal |
| Satya Rajendra Agrawal |
Systematic Industries - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Siddharth Rajendra Agarwal | Chairman & Managing Director |
| Vikas Navin Hegde | Whole Time Director |
| Satya Rajendra Agrawal | Non-Executive Director |
| Bhagwan Das | Independent Director |
| Archana Surendra Yadav | Independent Director |
Systematic Industries Book Running Lead Manager
HEM Securities Limited
ib@hemsecurities.com
Systematic Industries Registrar to the issue
Cameo Corporate Services Limited
ipo@cameoindia.com
Systematic Industries Strengths
Caters to a wide range of industries
The company offers a diverse product range serving industries like power, infrastructure, telecommunications, and agriculture. Rising global energy demand, infrastructure growth, and agricultural expansion are driving steel wire usage, with the agriculture market alone reaching USD 15 billion by CY24 at a 7.1% CAGR
Strength
Quality, environment, health & safety
The company places strong emphasis on quality, supported by membership in waste management facilities and adherence to customer-prescribed standards. With in-house testing labs and advanced equipment, it ensures consistent product quality, builds brand reputation, and secures repeat and new customer orders
Strength
Global presence
The company’s product portfolio and quality assurance have built strong customer relationships and diversified revenue across India and over 30 international markets, including Sri Lanka, Japan, Bhutan, Canada, and Brazil. Its global presence supports growth, keeps it aligned with technological advancements, and mitigates domestic market risks
Strength
Systematic Industries Risks
Capital intensive
The company requires substantial capital to acquire steel wire, OPGW, and OFC manufacturing machines, such as wire drawing, sheathing, and torsion machines, along with advanced quality testing equipment to ensure product standards
Risk
Dependent on key industries
The company’s sales heavily depend on key industries, including power and transmission, infrastructure, and agriculture. Its revenue is tied to the demand for steel wires used as inputs in these sectors, making business performance sensitive to industry trends
Risk
Non-compliance risks
The company’s success relies on strict adherence to quality standards, as failure to meet them could lead to order cancellations, product rejections, and reputational loss. Non-compliance with customer specifications may increase costs and negatively impact business and financial performance
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 7.8 crore, of 400,000 shares. It also consists of a fresh issue of Rs 107.8 crore.
The promoters of the company are Siddharth Rajendra Agarwal and Satya Rajendra Agrawal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 185.0 - 195.0.
The IPO application opens on Sep 24, 2025 and closes on Sep 26, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 222,000.0, the maximum value for this IPO is Rs 234,000.0.
This IPO will be allotted on Sep 29, 2025.
The refund will be credited to your account on Sep 30, 2025.
The allotted shares will be credited to your demat on Sep 30, 2025.
Systematic Industries Ltd.’s shares listed on the stock exchanges on Oct 01, 2025.