SYSTMTXC - Systematix Corp.

📊 NSE: SYSTMTXC 🏢 Stockbroking & Allied 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Standalone revenue (Merchant Banking) grew 23.09% to INR 6,877.76 Lakh. Subsidiary revenue for Systematix Shares and Stocks grew 17.95% to INR 9,346.26 Lakh, while Systematix Fincorp grew 9.93% to INR 831.83 Lakh. Systematix Finvest declined 45.05% to INR 324.55 Lakh and Systematix Commodities declined 79.73% to INR 12.38 Lakh.

Geographic Revenue Split

North India is the fastest-growing region with 31 million investors, followed by the West with 28 million, South with 18 million, and East with 10 million. The West region accounts for 50% of the trading volume on both exchanges.

Profitability Margins

Consolidated Net Profit Margin decreased 24.55% to 27.10% (INR 4,576.13 Lakh) from 35.92% (INR 5,334.63 Lakh). Standalone Net Profit Margin was 34.36% (INR 2,363.49 Lakh). Operating Profit Margin decreased 23.90% to 36% from 48% due to institutional discounts and higher fixed costs.

EBITDA Margin

Subsidiary EBIDT performance: Shares and Stocks INR 1,857.71 Lakh (-31.99% YoY); Fincorp INR 757.88 Lakh (+3.65% YoY); Finvest INR 294.71 Lakh (-47.75% YoY).

Capital Expenditure

Not disclosed in available documents, though the company prioritizes continuous investment in technology and cybersecurity infrastructure.

Credit Rating & Borrowing

Debt Equity Ratio improved by 54.42% to 0.03 from 0.08. Finance costs increased to INR 417.28 Lakh (2.47% of total income) from INR 309.00 Lakh.

⚙️ Operational Drivers

Raw Materials

Human Capital (Employee costs at 28.46% of income, INR 4,806.41 Lakh) and Financial Capital (Equity and Borrowings) are the primary operational inputs.

Import Sources

Not applicable as a financial services provider.

Key Suppliers

Not applicable as a financial services provider.

Capacity Expansion

Operates through 7 locations via branches and approximately 70 franchisees across 9 states, supported by a team of 285+ professionals.

Raw Material Costs

Employee benefits expense (Standalone) was INR 1,488.82 Lakh (21.65% of income), representing a significant YoY increase from INR 1,149.41 Lakh.

Manufacturing Efficiency

Not applicable as a financial services provider.

Logistics & Distribution

Not applicable as a financial services provider.

📈 Strategic Growth

Expected Growth Rate

18.29%

Growth Strategy

Launch of Category I AIF – India SME Growth Fund in FY25-26; scaling Wealth Management (AUM & Custody ~INR 9,000 Cr) and maintaining a 7.5% market share in QIP fund mobilization.

Products & Services

IPOs, QIPs, Rights Issues, Buy-backs, Portfolio Management Services (PMS), Alternative Investment Funds (AIF), and Loan Against Shares.

Brand Portfolio

Systematix, Systematix Wealth, Systematix PMS, India SME Growth Fund.

New Products/Services

India SME Growth Fund (Category I AIF) received SEBI approval and is scheduled for launch in FY25-26.

Market Expansion

Strategic focus on North India, identified as the fastest-growing region with a registered investor base of 31 million.

Market Share & Ranking

Ranked among the Top 15 firms for QIP fund mobilization with a 7.5% market share in FY25.

Strategic Alliances

Maintains a Joint Venture LLP (share of loss INR 1.25 Lakh).

🌍 External Factors

Industry Trends

Merchant Banking market expected to grow at 18.29% CAGR to reach USD 153.58 billion by 2030; North India emerging as the primary growth hub.

Competitive Landscape

Active player in India's mid-market investment banking and wealth management space, competing with Top 15 firms in QIP issuance.

Competitive Moat

40-year track record (founded 1985) and top-quartile PMS performance (24% 5-year CAGR) provide durable competitive advantages in mid-market investment banking.