# Systematic Industries share price today (Systematic Industries Ltd, BSE: 544541)

> Systematic Industries share price today: ₹246.00 at the BSE close on 3 November 2026, up 8.9% in a year. Systematic Industries (BSE: 544541) is worth ₹549 crore and trades at a P/E of 25.6. > Systematic Industries Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. 544541 · Cables - Power · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/systematic-industries-ltd

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## Key numbers

- Price: ₹246.00 (+8.9% in a year)
- P/E: 25.6× (higher than 75% of the last 1 year)
- Revenue (Jun 2026): ₹299 Cr (+6.0% on a year ago)
- Profit (Jun 2026): ₹12.0 Cr (+9.1% on a year ago)
- Operating margin: 6.0% (−1.0 points on a year ago)
- ROCE: 17%, FY26
- ROIC: 11.9%, against a 12.0% cost of capital: −0.1 points
- Profit that came in as cash: 59%, last 3 years

The main question: profits are rising, but only 59% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Systematic Industries share price today? Systematic Industries Ltd's share price was ₹246.00 at the close on 3 November 2026. It has been rising for 12 weeks. That is 12.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹131 and ₹295, and at that close it sat 70% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 23 weeks in a row. Over the last 1 year the share price moved +20% while the NIFTY 500 moved −5%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What are Systematic Industries' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Systematic Industries reported revenue of ₹299 crore, up 6.0% from ₹282 crore a year earlier, and a profit of ₹12.0 crore, up 9.1% from ₹11.0 crore. ### Systematic Industries results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹299 crore | ₹282 crore | +6.0% |
| Profit | ₹12.0 crore | ₹11.0 crore | +9.1% |
| Earnings per share | ₹5.25 | ₹6.70 | −21.6% |
| Operating margin | 6.0% | 7.0% | −1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 16 June 2026, about January to March 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Systematic Industries share price history? Systematic Industries closed at ₹246.00 on 3 November 2026, up 8.9% from ₹225.85 a year earlier (31 October 2025). Its highest weekly close since October 2025 was ₹285.55 on 1 October 2026. ### Systematic Industries share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹242.75 | +1.3% |
| 1 month ago · 1 Oct 2026 | ₹285.55 | −13.9% |
| 6 months ago · 30 Apr 2026 | ₹246.45 | −0.2% |
| 1 year ago · 31 Oct 2025 | ₹225.85 | +8.9% |
| Earliest weekly close in our records · 3 Oct 2025 | ₹205.10 | +19.9% |
| Highest weekly close since October 2025 · 1 Oct 2026 | ₹285.55 | −13.9% |
| Lowest weekly close since October 2025, also the 52-week low · 27 Mar 2026 | ₹131.10 | +87.6% |
| 52-week high (weekly close) · 30 Sep 2026 | ₹295.10 | −16.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (51 weekly closes from 3 October 2025 to 3 November 2026.)

## What is the latest news on Systematic Industries? 3 Nov 2026: Systematic Industries closed at ₹246.00, up 1.3% on the week and down 13.9% on the month. Our read, 10 Oct 2026: Approved new products offer a route beyond steel wire, but falling operating margins, inventory-funded growth and an unresolved per-share bridge keep the earnings transition unproven. ### Earlier

- Results for April to June 2026: Revenue up 6.0% and profit up 9.1% on a year earlier. - 16 Jun 2026: Systematic Industries held its results call for January to March 2026. Management guided: OPGW and OFC revenue contribution: substantial amounts expected to be reflected in March 2028 balance sheet. ### Our read of the business

April to June 2026: Reported profit rises, but operating profit and per-share earnings lag. (Our read after the April to June 2026 results, written 10 October 2026.)

## What dividend does Systematic Industries pay? No. Systematic Industries Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate (as of 3 November 2026). ## What did Systematic Industries management say on the latest results call? On the call for January to March 2026, held on 16 June 2026, Systematic Industries' management guided: OPGW and OFC revenue contribution: substantial amounts expected to be reflected in March 2028 balance sheet. > “We received our first order from Power Grid for the Agra-Khumber OPGW project, positioning us to participate in upcoming tenders estimated at around 1,000 crores in the coming year”
> Siddharth Agarwal, MD, on the call for January to March 2026

### What management guided

- OPGW tender market opportunity: 1,000+ crores anticipated in coming year. - FY27 capital spending magnitude: increase planned but specific numbers not disclosed. - Revenue growth trajectory: will accelerate beyond historical 25.0% post-IPO capital deployment but management refused point estimate or range. - Value-added steel wire mix: goal 30.0-35.0% of volume over coming years versus current >20.0%. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/59011/Conference Call/CC-Jun26.pdf). (From the call for January to March 2026, 16 June 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.)

## What is the future of Systematic Industries? What is changing in the business? What is changing at Systematic Industries, from the latest results and calls: , approved optical fiber cable channels and legacy value-added mix. - . The first power-grid order opens a delivery channel for a higher-value product. ⚠ estimate
- Approved optical fiber cable channels. Railway and telecom approvals create a route from trials to recurring procurement. ⚠ estimate
- Legacy value-added mix. A larger premium-product mix could improve legacy economics if customers pay for it. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the April to June 2026 results, written 10 October 2026.)

## What is Systematic Industries' order book? The summary reports the first Power Grid order and management's estimate of upcoming tender opportunity, not an awarded order book of that size. ✓ fact

(Our read after the April to June 2026 results, written 10 October 2026.)

## What could change the Systematic Industries story? What are the risks? The thesis breaks if the next reported period after management's expected contribution window shows no separately identifiable new-product deliveries, while consolidated operating margin remains below the latest reported level and inventory continues absorbing cash. ### Each change stops working if

- : Approvals produce no repeat orders, or tender pricing and input constraints consume the integration benefit. - Approved optical fiber cable channels: Trial customers do not reorder or approvals fail to produce collected commercial deliveries. - Legacy value-added mix: Value-added volume rises without an improvement in realized operating profit because customers retain the price benefit. - Lower financing drag after the IPO: Expansion or working-capital requirements rebuild borrowing before new assets generate operating cash. ### The main risks

- Unresolved shares and reporting basis: Profit growth is not translating into comparable per-share growth. ⚠ estimate
- Margin contraction beneath profit growth: The operating business has not yet shown the margin improvement described for new products. ⚠ estimate
- Inventory absorbs expansion cash: Accounting growth is consuming working capital before its cash benefit is established. ⚠ estimate
- Unquantified capital deployment: Management's contribution window lacks a budget and commissioning schedule. ⚠ estimate

(Our read after the April to June 2026 results, written 10 October 2026.)

## What to watch in Systematic Industries' next results? When Systematic Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: OPGW revenue materialization and order flow in April to June 2026: first full quarter of active commercial OPGW operations; monitor size and pace of order book conversion to validate new-age growth narrative vs execution risk. - What to check (from the call)
- OPGW revenue materialization and order flow in April to June 2026: first full quarter of active commercial OPGW operations; monitor size and pace of order book conversion to validate new-age growth narrative vs execution risk. - Actual capital spending deployment and impact trajectory: confirm whether FY27 capital spending begins reflecting in production output and revenue contribution; validate management confidence in growth acceleration within stated timeframe of H1 onwards. - New-age profitability realization: track OPGW and OFC operating margins and confirm double-digit claim; verify whether incremental new-age revenue flows to profit at claimed margin rates and demonstrate capital efficiency of new-age model. - Value-added steel wire mix progression and legacy margin sustainability: monitor movement toward 30.0-35.0% goal from current >20.0%; confirm legacy business sustains margin profile while increasing premiumized product volume. ## Which stock lists is Systematic Industries on? Systematic Industries is on 2 of our India lists: Momentum stocks and Power & green energy stocks. - [Momentum stocks Market cap cr: 545.6604081632653](https://www.sectoralpha.in/momentum-stocks-india)
- [Power & green energy stocks Group on the list: Power equipment, transformers and cables](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is Systematic Industries profitable? Systematic Industries Ltd earned ₹12.0 Cr of net profit in the Jun 2026 quarter, +9.1% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹21.0 Cr. Over 6 years profit has grown 31.8% a year on average. That is 4.0% of the quarter's revenue. The same quarter a year earlier earned ₹11.0 Cr. For the full year, FY26 profit was ₹21.0 Cr (+16.7% on the year before). Why profit moved: revenue changed +6.0% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +15.6% and revenue +22.0%. Profit is growing slower than sales: rising costs are taking part of the growth. FY26-Q4. revenue ₹299 Cr and profit ₹12 Cr as reported. FY27-Q1. revenue ₹299 Cr and profit ₹12 Cr as reported. Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How much revenue does Systematic Industries make, and is it growing? Systematic Industries Ltd reported ₹299 Cr of revenue in the Jun 2026 quarter, +6.0% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 6 years it has grown 17.2% a year on average. The last full year, FY26, came in at ₹553 Cr. Why this happened. The Value Chain Climb links integration and customer access to a possible mix improvement. Management reports an initial power-grid project and describes integrated manufacturing. The benefit remains conditional on execution, pricing and collections: the addressable tender pool is not Systematic's order book, and no quantified executable backlog is supplied. Integration, utilization and order conversion are parts of the same mechanism and are counted together. FY26 revenue was ₹553 Cr, +23.7% on the year before. Recent pace: the last four quarters grew +22.0% on average, against 17.2% a year over the longer run, so this year is growing faster than its own long-run rate. FY26-Q4. revenue ₹299 Cr and profit ₹12 Cr as reported. FY27-Q1. revenue ₹299 Cr and profit ₹12 Cr as reported. Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Systematic Industries keep? Systematic Industries Ltd's operating margin was 6.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 7 years it has been between 3.4% and 8.0%. The latest quarter is within that range. Why this happened. The comparable latest periods show lower interest expense alongside lower operating profit. Management reports post-IPO net debt-free status, supporting a financing-cost explanation. This benefit has already appeared in the reported profit bridge; it should not be counted again as an independent operating-growth catalyst. New expansion could retain the benefit if it does not rebuild borrowing, but the capital budget is unknown. Why the margin moved: operating margin changed −1.0 percentage points on the year while gross margin changed −0.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged. FY26-Q4. revenue ₹299 Cr and profit ₹12 Cr as reported. FY27-Q1. revenue ₹299 Cr and profit ₹12 Cr as reported. Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## Is Systematic Industries' profit turning into cash? Over the last 3 years, 59% of Systematic Industries Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹6.0 Cr of operating cash against ₹21.0 Cr of profit. After ₹4.0 Cr of spending on assets, ₹2.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 59% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: the bigger use of cash is spending on new assets, at 3.5× depreciation over three years. The next section checks what that spending is building. ## Where does Systematic Industries' cash go? Systematic Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 85 days in FY26, down from 88 days in FY21. It spent ₹46.0 Cr on assets over the last 3 years. Customers take 51 days to pay, and stock sits for 45 days on average. At FY26 sales of ₹553 Cr, each day of that cycle ties up about ₹1.5 Cr, so roughly ₹129 Cr is tied up in the business at any time. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 45 days. Customers pay about 51 days after that. Suppliers are paid at 11 days. Together that makes the 85-day cycle. Spending on assets: ₹46.0 Cr over the last 3 years, against ₹13.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Systematic Industries' P/E ratio, and how does it compare with its own history? Systematic Industries Ltd's P/E is 25.6×, near the high end of its own history: higher than 75% of past readings. Its usual P/E (the middle reading) is 21.1×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −12.5% while the price moved +8.9%. The price did better than earnings, which pushed the multiple up within its own range. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Systematic Industries business getting better or worse? Systematic Industries Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## What is the Systematic Industries story, and has it been checked? Systematic Industries Ltd's story is not scored yet against the checks our research set on 10 October 2026. Where it sits in its own cycle: CONTRACTION. Our read, 10 October 2026. Approved new products offer a route beyond steel wire, but falling operating margins, inventory-funded growth and an unresolved per-share bridge keep the earnings transition unproven. From the numbers. From the price. Price stage 2, week 12, above its 200-day line. From the research. Approved new products offer a route beyond steel wire, but falling operating margins, inventory-funded growth and an unresolved per-share bridge keep the earnings transition unproven. Where they disagree. These describe different dimensions. What is proven. Approved new products offer a route beyond steel wire, but falling operating margins, inventory-funded growth and an unresolved per-share bridge keep the earnings transition unproven. What is not proven yet. The thesis breaks if the next reported period after management's expected contribution window shows no separately identifiable new-product deliveries, while consolidated operating margin remains below the latest reported level and inventory continues absorbing cash. What would change our mind. The thesis breaks if the next reported period after management's expected contribution window shows no separately identifiable new-product deliveries, while consolidated operating margin remains below the latest reported level and inventory continues absorbing cash. The test written in advance. The thesis breaks if the next reported period after management's expected contribution window shows no separately identifiable new-product deliveries, while consolidated operating margin remains below the latest reported level and inventory continues absorbing cash. Measured by: the thesis as written as stated by the next result. The test written in advance. Unresolved shares and reporting basis. Measured by: Unresolved shares and reporting basis by the next result. The test written in advance. Margin contraction beneath profit growth. Measured by: Margin contraction beneath profit growth by the next result. What the company does. Initial power-grid and railway orders provide customer access; they do not establish the size or profitability of recurring deliveries. Reported profit growth includes lower interest expense while operating profit has declined in the comparable latest periods. What the surface reading misses. The surface reading is: Revenue and profit increased, suggesting a growing business. The research reads it further: Revenue expanded faster than operating profit, while per-share earnings declined. The operating benefit and shareholder benefit therefore differ. What the surface reading misses. The surface reading is: Annual profit growth suggests improving shareholder earnings. The research reads it further: Operating profit grew more slowly than sales and EPS declined despite higher profit. Margin dilution and a changed effective share denominator offset part of the growth. Lever 2 · Value-added mix: building. A larger premium-product mix could improve legacy economics if customers pay for it. What proves it keeps working: Legacy value-added mix. It stops working if Value-added volume rises without an improvement in realized operating profit because customers retain the price benefit. Sources: our stock research file (10 October 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## How much does Systematic Industries earn on its capital? Systematic Industries Ltd earned a ROCE of 17% in FY26. That is up from a low of 9% in FY21. Its return on capital used (ROIC) is 0.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 3.8% net margin and 2.35× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 3.8% net margin × 2.35× asset turnover × 1.17× leverage (assets divided by equity) ≈ 10.4% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 11.9% − 12.0% = −0.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Systematic Industries have too much debt? Systematic Industries Ltd had ₹10.0 Cr of borrowings against ₹201 Cr of equity in FY26, so its debt is 0.05× its equity. Its operating profit is 6 times its interest bill. Over 5 years borrowings went from ₹29.0 Cr to ₹10.0 Cr. Over the last 3 of those years it spent ₹46.0 Cr on assets. The spending on assets is being paid for from cash, not new debt. ## What is the Systematic Industries shareholding pattern? No group of Systematic Industries Ltd's owners changed its stake by a full percentage point over the last 3 quarters. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. ## How far is Systematic Industries from balance-sheet trouble? For Systematic Industries Ltd, the Z-score is 11.27. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 11.27 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Systematic Industries rank in its industry? 48.8 out of 100, rank 11 of 11 in Cables - Power, with 43% of the evidence available. It is provisional, so it is ranked below companies with full evidence. Systematic Industries Ltd scores 48.8 out of 100 against the 11 companies it is compared with in Cables - Power, ranking 11. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 15 + 12.1 + 10.6 + 11.1 = 48.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Systematic Industries compared with? Systematic Industries ranks 11 of 11 Cables - Power companies on the 4-Factor Sector Score, with 48.8 out of 100. 1. [V-Marc India Ltd](https://www.sectoralpha.in/stocks/v-marc-india-ltd) VMARCIND · leader · Most evidence points up · 63% evidence 67.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.0/35 · Revenue 48.9% · Profit 90.5% · Operating margin change 0 points · 59% evidence Capital efficiency 19.5/25 · ROCE 41.3% · Operating margin 11% · 76% evidence Valuation 9.1/20 · P/E 38.4× · PEG n/a · 15% evidence Relative strength 14.5/20 · Lead over its industry 29.9% · Lead over NIFTY 500 57.9% · 1 year 225.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 24 + 19.5 + 9.1 + 14.5 = 67.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Diamond Power Infrastructure Ltd](https://www.sectoralpha.in/stocks/diamond-power-infrastructure-ltd) DIACABS · leader · Evidence leans up · 79% evidence 64.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.5/35 · Revenue 92.6% · Profit 100% · Operating margin change 1 points · 88% evidence Capital efficiency 8.8/25 · ROCE 11.8% · Operating margin 11% · 100% evidence Valuation 8.5/20 · P/E 105× · PEG n/a · 15% evidence Relative strength 18.9/20 · Lead over its industry 36.7% · Lead over NIFTY 500 69.7% · 1 year 125.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 28.5 + 8.8 + 8.5 + 18.9 = 64.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [R R Kabel Ltd](https://www.sectoralpha.in/stocks/r-r-kabel-ltd) RRKABEL · losing its lead · Evidence leans up · 100% evidence 55.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.4/35 · Revenue 45.4% · Profit 66.3% · Operating margin change 1 points · 100% evidence Capital efficiency 14.0/25 · ROCE 28.1% · Operating margin 9% · 100% evidence Valuation 8.8/20 · P/E 34.4× · PEG 2.45 · 100% evidence Relative strength 5.3/20 · Lead over its industry -12.6% · Lead over NIFTY 500 12.8% · 1 year 45.6% · 100% evidence · 10 of 12 weeks ahead Exact sum: 27.4 + 14 + 8.8 + 5.3 = 55.5 · What this means: Earnings are strong; relative strength in its sector is -12.6% and the one-year return is 45.6%. 4. [Apar Industries Ltd](https://www.sectoralpha.in/stocks/apar-industries-ltd) APARINDS · leader · Evidence leans up · 100% evidence 55.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.9/35 · Revenue 23.4% · Profit 46.4% · Operating margin change 2 points · 100% evidence Capital efficiency 15.6/25 · ROCE 31.8% · Operating margin 10% · 100% evidence Valuation 4.6/20 · P/E 46.9× · PEG 1.57 · 100% evidence Relative strength 16.2/20 · Lead over its industry 1.7% · Lead over NIFTY 500 30.9% · 1 year 80.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.9 + 15.6 + 4.6 + 16.2 = 55.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Polycab India Ltd](https://www.sectoralpha.in/stocks/polycab-india-ltd) POLYCAB · quiet · Evidence leans up · 100% evidence 54.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue 40.7% · Profit 28.6% · Operating margin change -2 points · 100% evidence Capital efficiency 20.6/25 · ROCE 33.2% · Operating margin 14% · 100% evidence Valuation 11.2/20 · P/E 37.2× · PEG 1.48 · 100% evidence Relative strength 6.6/20 · Lead over its industry -26.8% · Lead over NIFTY 500 -0.7% · 1 year 1.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 20.6 + 11.2 + 6.6 = 54.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Universal Cables Ltd](https://www.sectoralpha.in/stocks/universal-cables-ltd) UNIVCABLES · losing its lead · Evidence leans up · 96% evidence 51.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.5/35 · Revenue 33.6% · Profit 69.5% · Operating margin change 0 points · 88% evidence Capital efficiency 7.0/25 · ROCE 11.7% · Operating margin 10% · 100% evidence Valuation 13.5/20 · P/E 20.9× · PEG 0.32 · 100% evidence Relative strength 7.1/20 · Lead over its industry -7.3% · Lead over NIFTY 500 18.9% · 1 year 63.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 23.5 + 7 + 13.5 + 7.1 = 51.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Delton Cables Ltd](https://www.sectoralpha.in/stocks/delton-cables-ltd) Evidence leans down · 61% evidence 46.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.1/35 · Revenue 54.6% · Profit -6.5% · Operating margin change 0.1 points · 83% evidence Capital efficiency 10.6/25 · ROCE 16.6% · Operating margin 8.7% · 95% evidence Valuation 10.3/20 · P/E 31.5× · PEG n/a · 15% evidence Relative strength 11.8/20 · Lead over its industry n/a · Lead over NIFTY 500 36.2% · 1 year n/a · 25% evidence Exact sum: 14.1 + 10.6 + 10.3 + 11.8 = 46.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Dynamic Cables Ltd](https://www.sectoralpha.in/stocks/dynamic-cables-ltd) DYCL · quiet · Evidence leans down · 100% evidence 44.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.7/35 · Revenue 21.2% · Profit 19.2% · Operating margin change -1 points · 100% evidence Capital efficiency 14.0/25 · ROCE 26.2% · Operating margin 10% · 100% evidence Valuation 14.2/20 · P/E 16.5× · PEG 0.84 · 100% evidence Relative strength 4.0/20 · Lead over its industry -29.6% · Lead over NIFTY 500 -5.9% · 1 year -20.9% · 100% evidence · 10 of 12 weeks ahead Exact sum: 12.7 + 14 + 14.2 + 4 = 44.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. [KEI Industries Ltd](https://www.sectoralpha.in/stocks/kei-industries-ltd) KEI · quiet · Evidence leans down · 100% evidence 44.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 25.1% · Profit 33.2% · Operating margin change 0 points · 100% evidence Capital efficiency 11.2/25 · ROCE 20% · Operating margin 10% · 100% evidence Valuation 11.4/20 · P/E 34.2× · PEG 1.37 · 100% evidence Relative strength 1.1/20 · Lead over its industry -37.9% · Lead over NIFTY 500 -15.5% · 1 year -6.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 20.5 + 11.2 + 11.4 + 1.1 = 44.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [JD Cables Ltd](https://www.sectoralpha.in/stocks/jd-cables-ltd) Too little evidence to rank firmly · 26% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/43.75 · Revenue n/a · Profit n/a · Operating margin change -1 points · 15% evidence Capital efficiency 20.9/31.25 · ROCE 33.6% · Operating margin 12% · 71% evidence Valuation 14.4/25 · P/E 14.8× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 19.9 + 20.9 + 14.4 = 55.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. Systematic Industries Ltd this page breaking out · Too little evidence to rank firmly · 43% evidence 48.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.0/35 · Revenue n/a · Profit n/a · Operating margin change -1 points · 32% evidence Capital efficiency 12.1/25 · ROCE 17.4% · Operating margin 6% · 95% evidence Valuation 10.6/20 · P/E 25.5× · PEG n/a · 15% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 27.6% · 1 year 8.5% · 25% evidence · 5 of 5 weeks ahead Exact sum: 15 + 12.1 + 10.6 + 11.1 = 48.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Cables - Power](https://www.sectoralpha.in/sectors/cables-power), all 11 compared on one page. ## Which companies are close to Systematic Industries in size? Systematic Industries is the 10th largest of 11 Cables - Power companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Diamond Power Infrastructure, V-Marc India, Universal Cables, Dynamic Cables and Delton Cables. Just below it: JD Cables. ### Cables - Power companies close in size

1. [Diamond Power Infrastructure Ltd](https://www.sectoralpha.in/stocks/diamond-power-infrastructure-ltd) ₹20,598 crore
2. [V-Marc India Ltd](https://www.sectoralpha.in/stocks/v-marc-india-ltd) ₹4,470 crore
3. [Universal Cables Ltd](https://www.sectoralpha.in/stocks/universal-cables-ltd) ₹4,176 crore
4. [Dynamic Cables Ltd](https://www.sectoralpha.in/stocks/dynamic-cables-ltd) ₹1,542 crore
5. [Delton Cables Ltd](https://www.sectoralpha.in/stocks/delton-cables-ltd) ₹603 crore
6. Systematic Industries Ltd ₹547 crore
7. [JD Cables Ltd](https://www.sectoralpha.in/stocks/jd-cables-ltd) ₹470 crore

[All 11 Cables - Power companies, largest first](https://www.sectoralpha.in/sectors/cables-power#all-companies)

### Companies close in size in other industries

1. [Primo Chemicals Ltd](https://www.sectoralpha.in/stocks/primo-chemicals-ltd) ₹548 crore · Chemicals - Inorganic - Caustic Soda/Soda Ash
2. [Magna Electro Castings Ltd](https://www.sectoralpha.in/stocks/magna-electro-castings-ltd) ₹547 crore · Castings - Grey Iron
3. Systematic Industries Ltd ₹547 crore
4. [Arvaya Healthcare Ltd](https://www.sectoralpha.in/stocks/arvaya-healthcare-ltd) ₹544 crore
5. [BMW Ventures Ltd](https://www.sectoralpha.in/stocks/bmw-ventures-ltd) ₹544 crore

## What else do people ask about Systematic Industries? ### What is Systematic Industries's share price today? Systematic Industries Ltd's share price is ₹246.00, +8.9% over the past year. The whole company is worth ₹549 Cr on the market. In the last 52 weeks it traded between ₹131 to ₹295; today it is 70% of the way up from the low, 12.4% above its 200-day average (as of 3 November 2026). ### What were Systematic Industries's latest quarterly results? Systematic Industries Ltd reported revenue of ₹299 Cr and net profit of ₹12.0 Cr for the Jun 2026 quarter. Revenue rose 6.0% and profit rose 9.1% compared with a year earlier. Earnings per share were ₹5.25. The operating margin was 6.0%, 1.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Systematic Industries's market cap? Systematic Industries Ltd's market capitalisation is ₹549 Cr at a share price of ₹246.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Systematic Industries performing? Systematic Industries Ltd's share price has been rising for 12 weeks. In its latest quarter, revenue rose 6.0% and profit rose 9.1% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 23 weeks running (as of 3 November 2026). ### Will Systematic Industries's share price go up? This page does not forecast Systematic Industries Ltd's share price. What it shows instead: the share price is ₹246.00, and it has been rising for 12 weeks. Its P/E of 25.6× is higher than 75% of its own last 1 years (as of 3 November 2026). ### Who owns Systematic Industries? Promoters own 73.4% of Systematic Industries Ltd, foreign institutions 0.8%, domestic institutions 6.2% and the public 19.5% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Where is Systematic Industries in its business cycle? Systematic Industries Ltd's FY26 operating margin was 7.0%, against a 7-year range of 3.4% to 8.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 6.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Systematic Industries story? The main question: profits are rising, but only 59% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Systematic Industries a stock worth studying right now? What the numbers show: Systematic Industries Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Systematic Industries share price forecast for 2026? What management itself guided: OPGW and OFC revenue contribution: substantial amounts expected to be reflected in March 2028 balance sheet. What is changing at Systematic Industries, from the latest results and calls: , approved optical fiber cable channels and legacy value-added mix. What would change the story: The thesis breaks if the next reported period after management's expected contribution window shows no separately identifiable new-product deliveries, while consolidated operating margin remains below the latest reported level and inventory continues absorbing cash. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

This is research, not advice. We’re not SEBI-registered.