Makes steel wire and is shifting towards OPGW (Optical Ground Wire), optical fibre cables, and ACS New Age conductors for India's power transmission and telecom buildout. Currently 97% of revenue still comes from legacy steel wire products, sold to power utilities, railways and overseas customers. Materials account for 59.8% of revenue and capex ran at 0.8% of revenue in FY26, making margins sensitive to steel and other commodity input prices. Landed its first end-to-end OPGW EPC contract from Power Grid for the Agra-Kumher section and a ₹100M+ Indian Railways order for armoured OFC. Plans to lift high-end/import-substitute product share to 30-35% of steel wire volume and export revenue to 15% of total (from 8-10% currently). Became net debt-free as of March 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Legacy steel wire, OPGW (Optical Ground Wire), Optical fibre cables (OFC), ACS New Age conductors. Asset-heavy steel wire manufacturer pivoting into higher-end cable and EPC segments
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 553 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 10.74 |
| ROE % · ROCE % | — · 16.4 |
| Debt / equity (x) | — |
| Cash from operations | 6 |
| Capex | (5) |
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 254 | 299 |
| Profit before tax | 12 | 16 |
| Net profit | — | — |
| EPS (₹) | 5.52 | 6.00 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| POLYCAB INDIA LIMITED | 1,24,138 | 43.1 | 10.24 | 29.2 | 22.3 | 28.9 | 26.5 | 15.1 |
| KEI INDUSTRIES LTD. | 43,766 | 43.9 | 6.57 | 30.6 | 13.8 | 17.9 | 22.9 | 13.0 |
| R R KABEL LIMITED | 27,478 | 45.2 | 10.67 | 33.6 | 19.1 | 23.9 | — | 10.4 |
| FINOLEX CABLES LTD | 21,918 | 27.4 | 3.60 | 22.0 | 11.7 | 14.1 | 18.0 | 16.7 |
| UNIVERSAL CABLES LTD | 5,187 | 25.9 | 2.74 | 22.0 | 8.6 | 5.0 | 18.7 | 10.0 |
| DYNAMIC CABLES LIMITED | 2,221 | 24.4 | 4.86 | — | 18.5 | 24.2 | — | 11.2 |
| PARAMOUNT COMM LTD | 1,974 | 32.5 | 2.54 | 17.8 | 7.7 | 10.2 | 29.8 | 7.1 |
| QUADRANT FUTURE TEK LTD | 1,926 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Systematic Industries bags Rs 82.42 Crore OPGW order from POWERGRID | business updates | high | — | — |
| 9 Sept 2026 · Systematic Industries EGM Notice Published in Newspapers | compliance | minimal | — | — |
| 8 Sept 2026 · Systematic Industries to acquire Wire Brigade Industries via share swap and preferential issue | strategic transactions | medium | — | — |
| 8 Sept 2026 · Systematic Industries to acquire Wire Brigade through cash and share swap | strategic transactions | medium | — | — |
| 8 Sept 2026 · Board approves 100% Wire Brigade acquisition and preferential share issue | strategic transactions | high | — | — |
| 8 Sept 2026 · Systematic Industries acquires Wire Brigade, raises Rs 33.94 cr via preferential issue | fund raising | medium | — | — |
| 8 Sept 2026 · EGM on Oct 1 for preferential issue of 14.88 lakh shares at Rs 228 to acquire Wire Brigade | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Board approves Wire Brigade acquisition and Rs 33.94 crore preferential issue | strategic transactions | high | — | — |
| 3 Sept 2026 · Board meeting on Sept 8 to consider fund raising via preferential issue | fund raising | medium | — | — |
| 26 Aug 2026 · AGM Notice - 26th Annual General Meeting on September 22, 2026 | compliance | minimal | — | — |
| Where a broker report shows | This document shows |
|---|
| — |
| 7.47 |
| — |
| (16.6) |
| (19.8) |
| — |
| (7.1) |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.6 | 25.9 | 4 of 11 | 70% |
| ROCE | 13.5 | 13.5 | 7 of 13 | 50% |
| Market cap | 606 | 2097 | 9 of 12 | 27% |
| Why |
|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
