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Systematic Industries Ltd

SYSTEMATICFY2626 May 2026

Systematic Industries FY26 Revenue Up 23.9% YoY to ₹5,563 Mn

27 May 2026 · 27 May, 8:01 pm

Summary

Systematic Industries Limited announced an impressive financial performance for FY26, with total revenues growing by 23.9% year-over-year to ₹5,563 Mn, surpassing the ₹5,500 Mn milestone. Profit after tax for the year rose by 16.4% to ₹210 Mn, while EBITDA increased by 9.7% to ₹405 Mn, with a margin of 7.3%. The company achieved a significant milestone by becoming net-debt free as of March 31, 2026, and secured its first EPC contract from PGCIL, alongside a landmark order from Indian Railway. Management expressed confidence in improving profitability, driven by a richer product mix, operating leverage, and strong structural tailwinds in infrastructure spending and digitalization, supported by a robust order pipeline.

Key Highlights

  1. 1

    Systematic Industries Limited reported a strong 23.9% year-over-year growth in total revenues, reaching ₹5,563 Mn for FY26.

  2. 2

    Profit After Tax (PAT) for FY26 increased by 16.4% year-over-year to ₹210 Mn, reflecting the company's focus on disciplined execution and profitability.

  3. 3

    The company achieved a significant financial milestone by becoming net-debt free as of March 31, 2026, through the repayment of borrowings.

  4. 4

    EBITDA for FY26 grew by 9.7% to ₹405 Mn, with the EBITDA margin standing at 7.3%.

  5. 5

    Systematic Industries secured its first EPC contract from Power Grid Corporation of India Limited and a landmark order worth over ₹100 Mn from Indian Railway during the year.

  6. 6

    The company is well-positioned for future growth with a robust order pipeline of ₹250 Mn in new product segments and strategic expansion into margin-accretive areas like OPGW and OFC.

Management Comments

M

Mr. Siddharth Rajendra Agarwal

We are pleased to report a strong performance for FY26, with total revenues growing by 23.9% YoY to INR 5,563 Mn, driven by sustained demand across our core segments. Our PAT grew by 16.4% YoY to INR 210 Mn, reflecting our continued focus on disciplined execution and profitability. The company achieved a key milestone by securing its first EPC contract from Power Grid Corporation of India Limited (PGCIL). This contract involves end-to-end execution including the supply and installation of Optical Ground Wire (OPGW) cable for the 400KV Agra–Kumher portion of (Sikar–Agra up to the LILO point at Kumher). This accomplishment has positioned the company to qualify for participation in upcoming OPGW tenders estimated at around INR 10,000 Mn in FY27. Additionally, the company marked another success by exporting OPGW cables at the beginning of FY27. During the year, we further strengthened our position as a fully integrated player across steel wires, Optical Ground Wire (OPGW), and Optical Fibre Cables (OFC). Our strategic expansion into margin-accretive segments such as OFC and OPGW, along with our entry into EPC opportunities, is enabling us to capture emerging opportunities across India’s evolving power transmission and digital infrastructure landscape. We are particularly encouraged by the strong order momentum witnessed during the year. We secured a first landmark order from Indian Railway worth over INR 100 Mn for the supply of 24/48-fibre armoured optical fibre cables, reinforcing our leadership in railway communication infrastructure. In addition, we received multiple OPGW orders from leading EPC and utility players for power transmission projects in India and international markets. These wins underscore our strong technical capabilities, RDSO approvals, and growing presence in high-value infrastructure projects. We remain confident of improving profitability driven by a richer product mix, operating leverage, and scale-up of our new-age businesses. Strong structural tailwinds in infrastructure spending, power transmission expansion, and rapid digitalisation continues to support our long-term growth outlook. Importantly, we have strengthened our balance sheet by achieving net-debt free status as on 31st March 2026 through repayment of the borrowings, reflecting our focus on financial discipline and prudent capital allocation. This provides us with greater flexibility to fund future growth initiatives while maintaining a strong financial position. Looking ahead, with a robust order pipeline of INR 250 Mn, for new product segments expanding global footprint, and continued investments in capabilities and higher capacity utilisation, we are well positioned to capitalise on long-term growth opportunities and deliver sustainable value to all stakeholders.

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