Systematix Corporate Services Limited (SYSTMTXC)
₹75.37 +1.78% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Systematix Corporate's revenue was ₹56.3 Cr (+43.6% year on year, +139.4% on the previous quarter), and net profit ₹-4.9 Cr (against a profit a year earlier); the operating margin was -4.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹56.3 | +43.6% | +139.4% |
| Operating profit | ₹-2.3 | to loss | loss narrowed |
| Net profit | ₹-4.9 | to loss | loss narrowed |
| EPS (₹) | -0.36 | to loss | loss narrowed |
| Operating margin | -4.0% | — | — |
📢 Recent Corporate Announcements
Systematix Corporate Services Limited submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Cameo Corporate Services Limited, the company's Registrar and Share Transfer Agent, on October 08, 2026. It confirms that securities received for dematerialisation were processed, mutilated, and cancelled within the prescribed 15-day limit. This is a standard quarterly regulatory compliance filing with no impact on operations or financials.
- Regulation 74(5) compliance confirmed for the quarter ended September 30, 2026
- Confirmation issued by Registrar and Share Transfer Agent Cameo Corporate Services Limited dated October 08, 2026
- Securities certificates mutilated and depositories substituted as registered owners within 15 days
Systematix Corporate Services Limited has invested ₹10.00 crore in its wholly-owned subsidiary, Systematix Wealth & Asset Services Private Limited (SWASPL), by subscribing to 1,00,00,000 equity shares at ₹10 each at par through a rights issue. SWASPL operates in alternative investment funds (AIF), wealth management, and financial product distribution, and clocked a turnover of ₹193.06 lakhs in FY 2025-26. The capital infusion is aimed at meeting the subsidiary's working capital requirements as it scales its operations. The shareholding remains at 100%, with no change in control.
- Infused ₹10,00,00,000 (₹10 crore) through subscription to 1,00,00,000 equity shares at ₹10 each at par
- Target entity SWASPL remains a 100% wholly-owned subsidiary with no change in ownership percentage
- SWASPL reported turnover of ₹193.06 lakhs in FY 2025-26 compared to Nil in FY 2024-25 and ₹0.02 lakhs in FY 2023-24
- Capital infusion specifically earmarked to meet the working capital requirements of SWASPL
At its 41st AGM held on September 22, 2026, Systematix Corporate Services approved the re-appointment of Mr. Nikhil Khandelwal as Managing Director for a term of 3 years effective September 1, 2026. Shareholders also approved a final dividend of Rs 0.10 per share (10% on face value of Re 1) for FY26. Mr. Khandelwal oversees the investment banking, M&A, and private equity advisory business of the group.
- Re-appointment of Nikhil Khandelwal as Managing Director for 3 years effective September 1, 2026
- Approval of final dividend of Rs 0.10 (10%) per equity share of face value Re 1 for FY26
- Resolutions passed at the 41st Annual General Meeting held on September 22, 2026
Systematix Corporate Services Limited concluded its 41st Annual General Meeting on September 22, 2026, where shareholders passed all four resolutions with requisite majority. Key approvals include the declaration of a final dividend of Rs 0.10 (10%) per equity share of face value Re 1 for FY26. Shareholders also approved the re-appointment of Mr. Nikhil Khandelwal as Managing Director for a 3-year term, receiving 100% of votes cast in favor. A total of 49 shareholders attended the virtual AGM out of 10,687 total shareholders on the record date.
- Final dividend of Rs 0.10 (10%) per Re 1 face value equity share approved for FY26
- Managing Director Nikhil Khandelwal re-appointed for a 3-year term with 100% favor on votes polled
- Overall voter turnout represented 80.92% of outstanding shares (110,486,954 votes polled)
- Resolution adopting standalone and consolidated FY26 financial statements passed with 100% approval
- AGM attended virtually by 49 shareholders (7 promoter, 42 public) out of 10,687 shareholders
Systematix Corporate Services Limited has fixed Tuesday, September 15, 2026, as the record date for determining shareholder eligibility for the FY 2025-26 final dividend. The Board previously recommended a dividend of Rs. 0.10 (10%) per equity share of face value Re. 1 each on April 29, 2026. The distribution remains subject to shareholder approval at the 41st Annual General Meeting scheduled for September 22, 2026.
- Final dividend of Rs. 0.10 (10%) per equity share of Re. 1 face value
- Record date fixed as Tuesday, September 15, 2026
- 41st Annual General Meeting scheduled for Tuesday, September 22, 2026
- Payment will be processed on or after the AGM within statutory timelines
Systematix Corporate Services Limited has submitted its Annual Report for FY 2025-26 along with the notice for its 41st Annual General Meeting (AGM). The AGM is scheduled to take place on Tuesday, September 22, 2026, at 11:00 a.m. IST via Video Conferencing (VC) / Other Audio Visual Means (OAVM). Electronic copies of the Annual Report and AGM notice were dispatched to shareholders registered as of the cut-off date of August 21, 2026.
- 41st Annual General Meeting scheduled for Tuesday, September 22, 2026, at 11:00 a.m. IST
- Meeting to be conducted electronically via Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Annual Report and Notice dispatched to shareholders on record as of August 21, 2026
- Submission made under Regulation 34 of SEBI (LODR) Regulations, 2015
Systematix Corporate Services Limited has subscribed to a rights issue of 27,00,000 equity shares at ₹10 each, infusing ₹2.70 crore into its wholly-owned subsidiary, Systematix Wealth & Asset Services Private Limited (SWASPL). The capital infusion is intended to support the subsidiary's working capital requirements as it scales its AIF, PMS, and wealth distribution services. SWASPL recorded a turnover of ₹193.06 lakhs in FY26, up from Nil in FY25, and will remain 100% owned by the parent company.
- Infusion of ₹2.70 crore via 27,00,000 equity shares of ₹10 each at par
- Target entity is a 100% Wholly-Owned Subsidiary (SWASPL); shareholding remains unchanged
- SWASPL reported FY26 turnover of ₹193.06 lakhs compared to Nil in FY25 and ₹0.02 lakhs in FY24
- Capital deployed to meet working capital requirements for AIF, PMS, and wealth management
Systematix Corporate Services reported a 14% QoQ growth in adjusted revenue to ₹26.75 Cr for Q1 FY27, up from ₹23.50 Cr in Q4 FY26. Despite revenue growth, the company posted a PAT loss of ₹4.30 Cr, an improvement from the ₹9.63 Cr loss in the previous quarter, primarily due to heavy upfront investments in the Private Wealth vertical. AUM and Custody reached a significant milestone of ₹11,800 Cr as of June 30, 2026. The company is aggressively expanding its Asset Management arm with a new ₹1,000 Cr Category II AIF launched in May 2026.
- Adjusted Revenue from operations grew 14% QoQ to ₹26.75 Cr in Q1 FY27.
- AUM & Custody increased to ₹11,800 Cr as of June 30, 2026, from approximately ₹9,000 Cr previously.
- India SME Growth Fund (Category I AIF) is fully subscribed at ₹125 Cr with 40% capital already drawn down.
- Launched India Equity Opportunities Fund (Category II AIF) in May 2026 with a target size of ₹1,000 Cr.
- Investment Banking division executed block deals worth ₹1,000 Cr during the quarter.
Systematix Corporate Services reported a 14% QoQ increase in adjusted revenue from operations to ₹26.75 crore for Q1 FY27. Total revenue for the quarter reached ₹56.26 crore, driven by momentum in Asset and Wealth Management. Assets Under Management (AUM) and Custody grew to ₹11,800 crore, a significant increase from the previously reported ~₹9,000 crore. The company's India SME Growth Fund is now fully subscribed at ₹125 crore, with 40% of the capital already deployed.
- Adjusted Revenue from Operations increased 14% QoQ to ₹26.75 crore
- Total Assets Under Management/Custody reached ₹11,800 crore
- India SME Growth Fund (Category I AIF) fully subscribed at ₹125 crore
- PMS & AIF AUM stood at ₹306 crore as of June 30, 2026
- Facilitated over 1,200 investor meetings during the Promoters & Founders Forum 2026
Systematix Corporate Services has approved the re-appointment of Mr. Nikhil Khandelwal as Managing Director for a three-year term starting September 1, 2026. For the quarter ended June 30, 2026, the company reported a consolidated revenue of ₹58.93 Cr but incurred a consolidated loss before tax of ₹3.08 Cr. The standalone merchant banking segment faced significant pressure, reporting a loss of ₹6.52 Cr. The re-appointment and financial results will be presented to shareholders at the AGM on September 22, 2026.
- Re-appointment of Nikhil Khandelwal as Managing Director for a 3-year term effective September 01, 2026.
- Consolidated revenue for Q1 FY27 reported at ₹5,892.92 lakhs (approx. ₹58.93 Cr).
- Consolidated loss before tax of ₹307.84 lakhs for the quarter ended June 30, 2026.
- Standalone net loss of ₹618.90 lakhs on a standalone revenue of ₹382.03 lakhs.
- Wealth Management AUM and Custody remains at approximately ₹9,000 Cr as per company strategy.
Systematix Corporate Services reported a consolidated revenue of ₹5,892.92 lakhs for Q1 FY27, but posted a consolidated loss before tax of ₹307.84 lakhs. The standalone performance was particularly weak, with a net loss of ₹618.90 lakhs on a total income of only ₹382.03 lakhs. The board has re-appointed Mr. Nikhil Khandelwal as Managing Director for a three-year term starting September 2026. Additionally, the company noted that Divisha Alternative Investments LLP ceased to be a subsidiary effective July 21, 2026.
- Consolidated revenue for Q1 FY27 stood at ₹5,892.92 lakhs, primarily driven by transactional services.
- Consolidated loss before tax reached ₹307.84 lakhs for the quarter ended June 30, 2026.
- Standalone net loss was ₹618.90 lakhs, significantly exceeding the standalone total income of ₹382.03 lakhs.
- Managing Director Nikhil Khandelwal re-appointed for a 3-year term effective September 01, 2026.
- Divisha Alternative Investments LLP ceased to be a subsidiary of the company as of July 21, 2026.
Mr. Ankit Gor, a Senior Management Personnel and Director of Investment Banking - ECM, has resigned from Systematix Corporate Services Limited effective August 04, 2026. The resignation is attributed to personal reasons. This departure is notable as the company holds a 7.5% market share in QIP fund mobilization (FY25) and ranks among the Top 15 firms in that segment. While the company operates with a team of 285+ professionals, leadership in the Equity Capital Markets (ECM) division is a key driver for its investment banking revenue.
- Resignation of Mr. Ankit Gor effective from August 04, 2026
- Role held: Director, Investment Banking - ECM (Senior Management Personnel)
- Company maintains a 7.5% market share in QIP fund mobilization as of FY25
- Total professional headcount of the firm stands at 285+
- Resignation letter dated August 03, 2026, cited personal reasons
Systematix Corporate Services has infused ₹2.50 Crore into its wholly-owned subsidiary, Systematix Wealth & Asset Services Private Limited (SWASPL), by subscribing to 25 lakh equity shares at par. This investment is aimed at meeting the working capital requirements of the subsidiary, which focuses on Alternative Investment Funds (AIF) and Wealth Management. SWASPL reported a significant turnover jump to ₹193.06 Lakhs in FY26 from nil in the previous year. This move aligns with the group's strategy to scale its wealth management business, which currently manages approximately ₹9,000 Crore in AUM and custody.
- Investment of ₹2.50 Crore through the subscription of 25,00,000 equity shares at ₹10 each.
- Subsidiary turnover grew from Nil in FY24-25 to ₹193.06 Lakhs in FY25-26.
- Capital infusion is specifically for meeting the working capital requirements of the subsidiary.
- SWASPL holds registrations from AMFI and SEBI as a Portfolio Manager.
- The group maintains a target of scaling its Wealth Management and AIF (India SME Growth Fund) operations in FY25-26.
Systematix Corporate Services Limited has announced that its subsidiary, Divisha Alternative Investments LLP, was officially struck off from the Register of LLP effective July 21, 2026. This follows a voluntary application for dissolution initiated in April 2026. The subsidiary had zero turnover and zero net worth contribution for the financial year ended March 31, 2026. This move is a routine administrative cleanup of a non-operational entity and carries no material financial weight for the parent company.
- Divisha Alternative Investments LLP ceased to be a subsidiary effective July 21, 2026.
- The subsidiary contributed Nil turnover to the consolidated entity in FY26.
- The subsidiary's net worth contribution was Nil as of March 31, 2026.
- The striking-off process was originally approved and intimated to exchanges on April 29, 2026.
- The action was taken under Rule 37(1)(b) of the Limited Liability Partnership Rules, 2009.
Systematix Corporate Services Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that the Registrar and Share Transfer Agent (RTA), Cameo Corporate Services Limited, has processed share certificates received for dematerialization for the quarter ended June 30, 2026. This is a standard administrative procedure required for all listed companies in India to maintain accurate electronic shareholding records.
- Compliance certificate submitted for the quarter ended June 30, 2026
- Certificate issued by Registrar and Share Transfer Agent (RTA) Cameo Corporate Services Limited
- Filing submitted to BSE and NSE on July 09, 2026, in accordance with SEBI timelines
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.
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.
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.
Macro Economic Sensitivity
Highly sensitive to stock market performance, interest rates (Finance cost INR 417.28 Lakh), and inflation.
Consumer Behavior
Increasing retail participation and shift in investor preferences toward small and mid-cap segments in wealth management.
Geopolitical Risks
Global uncertainties noted as a factor impacting IPO market momentum and resilience.
Regulatory & Governance
Industry Regulations
Adheres to the Companies Act, 2013 and Indian Generally Accepted Accounting Principles (GAAP).
Taxation Policy Impact
Consolidated tax (current and deferred) of INR 1,133.02 Lakh, representing 6.71% of total income.
Risk Analysis
Key Uncertainties
Market risk (volatility), Credit risk (receivables and financing), and Human Capital risk (talent scarcity).
Geographic Concentration Risk
West region accounts for 50% of trading volume; North India is the fastest-growing region with 31 million investors.
Third Party Dependencies
Dependency on approximately 70 franchisees for distribution and client acquisition.
Technology Obsolescence Risk
Risk of technological malfunctions or security breaches; mitigated by continuous system upgrades and cybersecurity investments.
Credit & Counterparty Risk
Credit risk in financing managed via loan policies and upfront margins (funds/securities) from clients.
