Systematic Industries Limited IPO
Systematic Industries Limited is an ISO-certified company (9001, 14001, 45001) in the steel wire and cable industry, manufacturing and supplying products for power transmission, infrastructure, telecom, agriculture, and allied sectors. Its portfolio includes carbon, high-carbon, mild steel, galvanized, cable armour, ACSR, aluminium-clad wires, OPGW, and optical fibre cables, suitable for power generation, data transmission, and distribution applications.
Product Portfolio & Industry Applications
Systematic Industries caters to a wide range of industries:
1. Power & Transmission: Wires for transmission lines, power cables, and wind power systems.
2. Infrastructure & Construction: Steel wires for building and industrial projects.
3. Telecommunications: Optical fibre cables and grounded wires for long-distance transmission.
4. Agriculture: Wires and farm-related steel products.
The company’s diverse product range allows it to mitigate dependency on any single industry, ensuring stable revenues across business cycles.
Geographical Reach & Revenue
The company sells its products in approximately 25 states and union territories in India and exports to over 30 countries, including Sri Lanka, Japan, Bhutan, Canada, and Brazil. Revenue from domestic sales constituted 92.85%, 90.54%, and 92.19% of total revenue in FY2025, FY2024, and FY2023, respectively, with exports contributing the remaining 7–9%.
Strengths
1. Established Manufacturing Capabilities: Multiple factories with advanced machinery and R&D support.
2. Diverse Industry Applications: Serves power, infrastructure, telecom, and agriculture sectors.
3. Quality & Compliance Focus: ISO-certified processes and rigorous quality control ensure high reliability.
4. Geographical Diversification: Strong presence across India and international markets reduces dependency on a single region.
5. Experienced Workforce: Skilled workforce of approximately 413 employees, including dedicated R&D and quality teams.
Objects of the Systematic Industries Limited IPO:
Systematic Industries Limited IPO Details:
| Open Date: | Sep 24 2025 |
| Close Date: | Sep 26 2025 |
| Total Shares: | 59,28,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 115.60 Cr. |
| Lot Size: | 600 Shares |
| Issue Price: | ₹ 185-195 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Oct 01 2025 |
Promoters And Management:
Financials of Systematic Industries Limited IPO:
| Particulars | FY2024-2025 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 446.51 | 370.30 | 320.47 |
| EBITDA (Cr) | 33.97 | 24.09 | 12.95 |
| EBITDA Margins | 7.61% | 6.51% | 4.04% |
| PAT (Cr) | 18.46 | 12.4 | 6.31 |
| PAT Margins | 4.13% | 3.35% | 1.97% |
| ROCE | 16.44% | 15.01% | 9.90% |
| Debt to Equity Ratio(In Times) | 1.22 | 1.26 | 1.25 |
| Operating Cash Flows (Cr) | 7.6` | 15.18 | -6.75 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| Systematic Industries Limited | 446.51 | 7.61% | 4.13% | 16.44% | 1.22 | 435.45 | 23.59 |
| Bansal Wire Industries Limited | 3507 | 8% | 4.39% | 16.40% | 0.48 | 5,593 | 36.4 |
| Advait Energy Transitions Limited | 399 | 12% | 9.02% | 26.90% | 0.36 | 1,969 | 58.2 |
Lead Manager of Systematic Industries Limited IPO:
Registrar of Systematic Industries Limited IPO:
Discussion on Systematic Industries Limited IPO:
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