SYSTMTXCFinancial Services

Systematix Corporate Services Limited

Stockbroking & Allied · ISIN INE356B01024 · BSE 526506 · NSE EQ · FV ₹1
Last price
₹76
+2.66%today
What this company does

Systematix Corporate Services Limited operates in Stockbroking & Allied, part of the Financial Services sector. It booked ₹56 cr of revenue in its latest quarter (Q1 FY27) and kept -8.7% of sales as profit.

31out of 100
Equitytale Health Score
Strained

Healthier than 31% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 192–253 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
50

At close. Not part of the score.

Profitability & returns5

How much profit it earns on the money it employs

Cash quality42

Whether reported profit actually arrives as cash

Valuation19

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
✓ Promoters hold 71%
✓ No promoter shares pledged
✓ Virtually debt-free
Watch-outs
! Currently loss-making
! Thin -8.7% net margin
! Low -6.2% return on equity

What if I invest in SYSTMTXC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹76▲ +2.66%
latest close · 2026-11-04
52-wk low ₹5574 sessions so far52-wk high ₹82
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio3.31High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-6.2%Loss
WeakFairStrong ▸15%
Net margin-8.7%Loss
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
More figures
Market cap
₹1,038 cr
Book value
₹23
EPS
₹-0.36
latest quarter
Net debt
—
Enterprise value
—
EBITDA
—
EBIT
—
Operating margin
—
Return on assets
-4.5%
Earnings yield
—
P/S
4.61
Sales / share
₹16.5
Tax rate
—
Face value
₹1
Shares
13.7 cr
Working capital
—
Current assets
—
Current liabilities
—
Delivery %
88.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹1–₹1, midpoint ₹1

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹56 cr
Other Income₹3 cr
Total Income₹59 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹29 cr
Inventory Change (±)₹-29 L
Employee Benefit Expense₹21 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹10 cr
Total Expenses₹62 cr
Profit before Tax₹-3 cr
Tax Expense₹2 cr
Net Profit₹-5 cr
Net margin on total income-8.3%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹28 cr44.2%
Employee benefit expense₹21 cr32.2%
Finance costs₹1 cr2.0%
Depreciation & amortisation₹2 cr3.5%
Other expenses₹10 cr15.2%
Tax expense₹2 cr2.8%
Total income ₹59 cr

The company made a net loss of ₹5 cr this quarter — income covered only ₹92 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue34 cr23 cr56 cr
Total income34 cr24 cr59 cr
Expenses32 cr36 cr62 cr
Profit before tax1 cr-12 cr-3 cr
Tax78.6 L-21.2 L2 cr
Net profit (owners' share)39.9 L-12 cr-5 cr
Net margin (owners' share, on revenue)1.2%-50.2%-8.7%
EPS (₹)0.05-0.86-0.36
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹435 cr
Shareholder equity
₹314 cr
parent shareholders
Total debt
₹8 cr
Cash
₹24 cr
Cash flow · H1 FY26
Operating
₹27 cr
Investing
₹-22 cr
Financing
₹-3 cr
Peer comparison
Stockbroking & Allied · by market value
CompanyPriceMarket capP/E
Billionbrains Garage Ventures Limited₹206₹1.29 L cr44.0
Motilal Oswal Financial Services Limited₹1,010₹60,901 cr14.1
360 ONE WAM LIMITED₹1,065₹43,441 cr36.1
Nuvama Wealth Management Limited₹1,866₹34,067 cr27.8
Angel One Limited₹310₹28,389 cr21.1
IIFL Capital Services Limited₹348₹10,973 cr21.4
Share India Securities Limited₹184₹4,030 cr8.1
Anand Rathi Share and Stock Brokers Limited₹481₹3,032 cr18.1
Monarch Networth Capital Limited₹346₹2,742 cr12.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.13%
trailing 12 months
Dividend / share (TTM)
₹0.1
Last dividend
₹0.1
ex 15 Sep 2026
ActionDetailEx-date
Dividend₹0.1 / share15 Sep 2026
Dividend₹0.1 / share12 Sep 2025
Stock splitStock Split From Rs.10/- to Rs.1/-5 Nov 2024
Dividend₹1 / share19 Sep 2024
Dividend₹1 / share21 Sep 2022
Who owns it · 2026-09-30
No pledge
Promoter
70.6%
FII / Foreign
4.2%
DII / Domestic
0.1%
Retail / others
25.2%
Smart-money activity
Bulk / block deals
BoughtSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE8.35 L @ ₹152.730 Dec 25
SoldSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE8.35 L @ ₹152.7130 Dec 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 22 Sep 2026
See the official result
1
To consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.41 cr votes for, 11 against
2
To declare Final Dividend of Rs. 0.10/- (Ten Paise Only) (10%) per Equity Share of Re. 1/- (face value) each for the financial year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
1.41 cr votes for, 11 against
3
To appoint a director in place of Mrs. Anju Khandelwal (DIN: 00474604) who retires by rotation and being eligible, offers herself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.41 cr votes for, 31 against
4
To re-appoint Mr. Nikhil Khandelwal as a Managing Director of the Company for a period of 3 (Three) year.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
1.41 cr votes for, 31 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 70.6% between them · as of 2026-09-30
SYSTEMATIX HOLDINGS PRIVATE LIMITED64.91%
NIKHIL KHANDELWAL3.07%
CHANDRA PRAKASH KHANDELWAL2.17%
ANJU KHANDELWAL0.37%
CHANDRA PRAKASH KHANDELWAL HUF0.05%
PRIYANKA KHANDELWAL0.01%
RAHUL KHANDELWALno shares
Business done with them
FY2026 · 4 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 1.1% of its ₹146 cr revenue and received ₹1.3 L back from them.
Nikhil Khandelwal
Paid them for services · Arm length basis
also owns 3.07% of the company
₹1 cr
company paid
Rahul Khandelwal
Paid them for services · Arm length basis
₹22.1 L
company paid
Priyanka Khandelwal
Paid them for services · Arm length basis
also owns 0.01% of the company
₹21.9 L
company paid
Anju Khandelwal
Other payments to them · Arm length basis
also owns 0.37% of the company
₹4.6 L
company paid
Priyanka Khandelwal
Other payments to them · Arm length basis
also owns 0.01% of the company
₹1.2 L
company paid
Anju Khandelwal
Other income from them · Arm length basis
also owns 0.37% of the company
₹0.98 L
company received
Rahul Khandelwal
Other income from them · Arm length basis
₹0.3 L
company received

The company also transacted with 35 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹103 cr raised in Nov 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 34% of what it set aside, leaving ₹68 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

For investment in one of the subsidiaries, namely Systematix Shares and Stocks (India) Limited for the purposes of its working capital requirements, either in the form of equity/quasi equity
58%
₹35 cr of ₹60 cr
To invest in AIFs as “Sponsor” in line with SEBI (AIFs) Regulations, 2012 where our Wholly Owned Subsidiary (WOS), Systematix Ventures Private Limited, is acting as “Investment Manager
0%
₹0 cr of ₹30 cr
For General Corporate Purposes
0%
₹0 cr of ₹13 cr
Spent by quarter: 1% → 0% → 15% → 34% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.