526506
Systematix financials
- Market cap
- ₹990 Cr
- Sector
- Financial Services
What Systematix Corp. does
Systematix operates across four financial-services verticals: an investment bank that leads IPOs, QIPs, rights issues, preferential issues, block deals, M&A/PE advisory and structured finance for corporates; an equity brokerage covering retail and institutional clients in equities, commodities and currency with in-house research; a private wealth business serving HNIs, UHNIs, family offices, NRIs and entrepreneurs; and an asset-management arm running portfolio management services (PMS) and Alternative Investment Funds (AIF Category I). It earns fees/commissions from lead-managing capital-market transactions, brokerage on client trades, and advisory/management fees on wealth and fund mandates.
Segments
- Investment Banking
- Equity Brokerage
- Private Wealth
- Asset Management
- Team size
- 300+ professionals
- Equity brokerage clients
- 40,000+ (retail + HNI reach)
- Broking franchise network
- 62+
- Private Wealth assets under custody
- ~₹7,800 Cr (as of Mar'26)
- IB transactions executed (last 6 years)
- ₹35,000 Cr+ / $4B
- Stocks under research coverage
- ~328 (large/mid/small cap)
Quarterly results
Q1 FY27: revenue down 80.0%, net profit down 203.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 24 | 16 | 18 | 39 +128% | 15 −40% | 6 −64% | 4 −80% |
| EBITDA | 12 | 19 | 4 | 9 | 25 +104% | 8 −59% | -3 −165% | -5 −156% |
| Net profit | 9 | 13 | 2 | 6 | 18 +105% | 5 −65% | -4 −272% | -6 −204% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −38.7% 1Y
1Y: ₹120.65 on 10 Sept 2025 → ₹74. High ₹168.55 (15 Dec 2025), low ₹54 (30 Mar 2026).
Financials, as filed
Revenue grew 7.2% a year over 3 years, FY23 to FY26. Operating margin widened to 50.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹63 Cr | ₹56 Cr | ₹67 Cr | ₹77 Cr |
| Operating profit | ₹5 Cr | ₹33 Cr | ₹35 Cr | ₹39 Cr |
| Operating margin | 7.8% | 58.4% | 52.6% | 50.8% |
| Interest | ₹3 Cr | ₹2 Cr | ₹3 Cr | ₹3 Cr |
| Depreciation | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹4 Cr |
| Net profit | ₹6 Cr | ₹22 Cr | ₹24 Cr | ₹25 Cr |
| Net margin | 9.6% | 39.3% | 35.5% | 32.3% |
| Cash from operations | ₹4 Cr | ₹43 Cr | ₹13 Cr | ₹30 Cr |
| Free cash flow | ₹4 Cr | ₹33 Cr | ₹11 Cr | ₹18 Cr |
| ROCE | 8.0% | 31.0% | 20.0% | 15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹14 Cr | ₹14 Cr |
| Reserves | ₹42 Cr | ₹54 Cr | ₹57 Cr | ₹79 Cr | ₹310 Cr | ₹229 Cr |
| Borrowings | ₹22 Cr | ₹22 Cr | ₹21 Cr | ₹20 Cr | ₹20 Cr | ₹19 Cr |
| Other liabilities | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹21 Cr | ₹104 Cr | ₹20 Cr |
| Total liabilities | ₹78 Cr | ₹92 Cr | ₹92 Cr | ₹134 Cr | ₹447 Cr | ₹281 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹10 Cr | ₹21 Cr | ₹18 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹67 Cr | ₹82 Cr | ₹82 Cr | ₹81 Cr | ₹56 Cr | ₹130 Cr |
| Other assets | ₹11 Cr | ₹9 Cr | ₹10 Cr | ₹43 Cr | ₹369 Cr | ₹133 Cr |
| Total assets | ₹78 Cr | ₹92 Cr | ₹92 Cr | ₹134 Cr | ₹447 Cr | ₹281 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −1.44 pp while the public added +1.36 pp.
- Promoters
- 70.6%
- FIIs
- 4.0%
- DIIs
- 0.1%
- Public
- 25.4%
Since Jun 2025
- FIIs −1.44 pp
- Public +1.36 pp
- DIIs +0.07 pp
How it drifted, 12 quarters
Over this window FIIs went from 0.0% to 4.0% — +4.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 74.2%, Public 25.8%.Dec '23: Promoters 74.2%, Public 25.8%.Mar '24: Promoters 74.2%, FIIs 0.1%, Public 25.6%.Jun '24: Promoters 74.2%, FIIs 0.2%, Public 25.6%.Sep '24: Promoters 74.2%, FIIs 1.0%, Public 24.8%.Dec '24: Promoters 70.6%, FIIs 3.6%, DIIs 0.0%, Public 25.8%.Mar '25: Promoters 70.6%, FIIs 5.3%, Public 24.1%.Jun '25: Promoters 70.6%, FIIs 5.4%, Public 24.0%.Sep '25: Promoters 70.6%, FIIs 5.4%, Public 24.1%.Dec '25: Promoters 70.6%, FIIs 5.0%, Public 24.4%.Mar '26: Promoters 70.6%, FIIs 4.1%, DIIs 0.1%, Public 25.2%.Jun '26: Promoters 70.6%, FIIs 4.0%, DIIs 0.1%, Public 25.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Systematix Corp. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Systematix Holdings Private Limited | 64.91% | unchanged |
| Pratik Madhukar Sheth | 6.94% | unchanged |
| Nikhil Khandelwal | 3.07% | unchanged |
| Belgrave Investment Fund FPI fund | 2.70% | −0.15 pp |
| Shashikant Jain | 2.38% | unchanged |
| Chandra Prakash Khandelwal | 2.17% | unchanged |
| Authum Investment And Infrastructure Limited NBFC / DFI | 1.59% | unchanged |
| Dovetail India Fund Class 5 Shares FPI fund | 1.01% | unchanged |
| Anju Khandelwal | 0.37% | unchanged |
| Chandra Prakash Khandelwal Huf | 0.05% | unchanged |
| Priyanka Khandelwal | 0.01% | unchanged |
| Rahul Khandelwal | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Systematix Corp.
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