Systematix Corporate Services Ltd (SYSTMTXC)
🎯 Key Takeaways
- Systematix Corporate Services Ltd is in a growth phase driven by expansion in wealth management, investment banking, and asset management, supported by strong AUM growth and fund deployment. Despite a recent quarterly loss, the company is building long-term platforms with management expressing confidence in sustainable growth, underpinned by promoter stability and leadership continuity.
- Revenue grew 139.4% QoQ to ₹56 in Q1FY27.
- ⚠️ 1) Execution risk in wealth management and fund deployment initiatives, as growth depends on market conditions and investor appetite. 2) Regulatory an
- Market Cap
- ₹1,051
- P/B Ratio
- 3.35
- ROE
- -0.5%
- ROCE
- 3.1%
- Debt/Equity
- 0.06
- Div Yield
- 0.13%
- Promoter
- 70.6%
📖 The Story
Systematix Corporate Services Ltd is in a growth phase driven by expansion in wealth management, investment banking, and asset management, supported by strong AUM growth and fund deployment. Despite a recent quarterly loss, the company is building long-term platforms with management expressing confidence in sustainable growth, underpinned by promoter stability and leadership continuity.
📰 What's Happening
The company reported Q1 FY27 adjusted revenue of ₹26.75 crore, up 14% QoQ, with total revenue at ₹56.26 crore and AUM reaching ₹11,800 crore. The India SME Growth Fund was fully subscribed at ₹125 crore with 40% deployed. Management highlighted continued momentum across wealth management and investment banking, and reaffirmed confidence in long-term growth foundations. Concurrently, Mr. Nikhil Khandelwal was reappointed as Managing Director for three years effective September 1, 2026, with remuneration up to ₹60 lakh plus performance-linked bonus, pending shareholder approval at the AGM scheduled for September 22, 2026.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 56 | 34 | 24 | 56 |
| Operating Profit | 19 | 2 | -12 | -6 |
| OPM % | 33.4% | 4.6% | -52.9% | -10.2% |
| Net Profit | 14 | 1 | -12 | -5 |
| EPS | ₹1.06 | ₹0.05 | ₹-0.86 | ₹-0.36 |
Quarterly revenue shows volatility, with a strong peak in September 2025 (₹56 crore, ₹14 crore profit) followed by a sharp decline to ₹24 crore revenue and ₹12 crore loss in March 2026, before rebounding to ₹56.26 crore revenue in Q1 FY27 with a smaller loss of ₹5 crore. This suggests operational stabilization after a challenging quarter, likely due to timing or project-based income variability in investment banking or asset management activities. The rebound in Q1 FY27 aligns with management’s narrative of restored momentum, though profitability remains inconsistent.
🔮 Management Outlook & What's Next
Management expressed confidence in the company’s foundational strength and long-term growth potential, citing operational momentum across key verticals and successful fund deployment. No formal financial guidance was provided, but strategic focus areas include expanding wealth management capabilities, deepening HNI/UHNI client engagement, and leveraging digital transformation in financial services. The reappointment of the Managing Director and upcoming AGM are positioned as key inflection points for governance and execution continuity.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 14 | 13 | 14 | 14 |
| Reserves | 286 | 162 | 300 | 310 |
| Borrowings | 20 | 29 | 19 | 20 |
| Total Liabilities | 428 | 317 | 435 | 447 |
| Fixed Assets | 16 | 11 | 30 | 17 |
| Investments | 46 | 26 | 44 | 56 |
| Total Assets | 428 | 317 | 435 | 447 |
The balance sheet shows minimal debt (Borrowings of ₹19–20 crore) and stable equity and reserves (₹14 crore equity, ₹300–310 crore reserves), indicating a conservative capital structure. Total assets grew slightly to ₹447 crore, suggesting modest asset base expansion. There is no evidence of aggressive reinvestment or deleveraging; capital allocation appears focused on maintaining liquidity and supporting ongoing operations without major new commitments.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | -20 |
| Investing | +11 |
| Financing | +98 |
| Net Cash Flow | +89 |
👥 Shareholding Pattern
| Category | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|
| Promoters | 70.6% | 70.6% | 70.6% |
| FII | 5.0% | 4.1% | 4.0% |
| DII | 0.0% | 0.1% | 0.1% |
| Public | 18.6% | 19.2% | 19.0% |
| # Shareholders | 10,800 | 11,140 | 10,814 |
Promoter holding remains stable at 70.58% across recent quarters, indicating strong control and confidence. FII shareholding declined slightly from 5.03% in Q3FY26 to 3.95% in Q1FY27, while DII holding remains negligible. Public shareholding increased marginally, and the number of shareholders rose to 10,814, suggesting retail investor engagement. No signs of significant institutional exit or dilution.
⚖️ Peer Comparison — Finance
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| BAJFINANCE | 6.13 L Cr | 30.2 | 10.4% | — | 3.82 |
| BAJAJFINSV | 2.80 L Cr | 27.5 | 11.4% | — | 5.50 |
| SHRIRAMFIN | 2.30 L Cr | 17.3 | 11.5% | — | 3.80 |
| ICICIAMC | 1.59 L Cr | 31.8 | 111.5% | — | 0.00 |
| JIOFIN | 1.45 L Cr | 68.4 | 2.3% | — | 0.17 |
| CHOLAFIN | 1.40 L Cr | 24.2 | 9.3% | — | 6.93 |
| TATACAP | 1.39 L Cr | 25.4 | 8.4% | — | 5.28 |
| BAJAJHLDNG | 1.21 L Cr | 13.6 | 12.4% | — | 0.00 |
| MUTHOOTFIN | 1.11 L Cr | 9.8 | 14.4% | — | 3.88 |
| PFC | 1.09 L Cr | 4.2 | 9.8% | — | 7.62 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Execution risk in wealth management and fund deployment initiatives, as growth depends on market conditions and investor appetite. 2) Regulatory and compliance exposure given SEBI oversight and evolving norms in asset management and IPO activities. 3) Volatility in investment banking and project-based revenue, as evidenced by sharp quarterly swings. 4) Limited liquidity and narrow shareholder base outside promoters, which could amplify price swings.
📋 Recent Filings
- 🔴 Corporate Action2026-09-29Systematix Corporate Services announced a cash investment of **₹10 crores** through a rights issue to subscribe 1,00,00,000 equity shares of Rs. 10 ea…
- Announcement2026-09-28Systematix Corporate Services announced that its trading window for insider transactions will close on October 1, 2026, following SEBI regulations, pr…
- 🟡 Board Meeting2026-09-22Systematix Corporate Services held its 41st AGM on September 22, 2026 via video conference, adopting audited financials for FY2026, declaring a final …
- 🟡 voting results2026-09-22Systematix Corporate Services Limited held its 41st Annual General Meeting on September 22, 2026, via video conferencing, with 10,687 shareholders on …
- 🟡 Board Meeting2026-09-22At the 41st AGM on September 22, 2026, shareholders approved a final dividend of Rs. 0.10 per share (10% on Re. 1 face value) for FY2026 and reappoint…
- 🟡 Board Meeting2026-08-28Systematix Corporate Services Ltd (SYSTMTXC) announced its 41st AGM scheduled for September 22, 2026, where shareholders will vote on adopting FY2025-…
- 🔴 annual report2026-08-28Systematix Corporate Services Ltd (SYSTMTXC) filed its 2025-26 annual report on BSE (Reg. 34 (1)) on August 28, 2026, detailing AGM scheduled for Sept…
- 🟡 Board Meeting2026-08-28Systematix Corporate Services Ltd announced its 41st AGM on September 22, 2026, seeking shareholder approval for the re-appointment of Nikhil Khandelw…
- 🔴 Corporate Action2026-08-28Systematix Corporate Services announced a final dividend of Rs 0.10 per share (10% yield) for FY2025-26, with a record date set for September 15, 2026…
- 🔴 annual report2026-08-28Systematix Corporate Services Ltd (SYSTMTXC) reported a standalone profit after tax of ₹2,502.09 lakh for FY 2025-26, up from ₹2,270.87 lakh the prior…
🧠 Analyst's Read
Systematix is transitioning from a turnaround phase toward sustainable growth, anchored by AUM expansion and leadership continuity, but profitability remains fragile. Investors should monitor the AGM outcome for governance clarity and the pace of deployment in the SME Growth Fund, as near-term performance will depend on execution in wealth management and market conditions in capital markets.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-29.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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