Systematic Industries Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Systematic Industries Ltd filed with BSE on 16 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Systematic Industries Limited reported FY26 revenue of ₹5,563 million, up 24% year-on-year, with EBITDA of ₹405 million and PAT of ₹205 million. Management described the company's transition from a legacy steel wire manufacturer toward integrated OPGW, OFC and Aluminum Clad Steel wire manufacturing for the power transmission and digital infrastructure sectors, while confirming net debt-free status as of March 31, 2026. The call also covered new order wins from Power Grid of India and Indian Railways, and an upcoming OPGW tender pipeline estimated at ₹10,000 million.
Numbers mentioned
Revenue: ₹5,563 million (FY26)
p. 2
“Revenue: Recorded at ₹5,563 million, representing a 24% year-on-year (YoY) growth.”
From the transcript, page 2 of the filed PDF · View the filing
EBITDA: ₹405 million (FY26)
p. 2
“EBITDA & PAT: EBITDA reached ₹405 million.”
From the transcript, page 2 of the filed PDF · View the filing
PAT: ₹205 million (FY26)
p. 2
“Profit After Tax (PAT) was reported at ₹205 million.”
From the transcript, page 2 of the filed PDF · View the filing
Revenue CAGR: 20% (FY23-FY26)
p. 2
“From FY23 to FY26, the company achieved a CAGR of 20% in revenue, 40% in EBITDA, and 49% in PAT.”
From the transcript, page 2 of the filed PDF · View the filing
Manufacturing capacity: exceeding 1 lakh metric tons
p. 3
“Capacity & Utilization: SIL operates four manufacturing units with a combined capacity exceeding 1 lakh metric tons.”
From the transcript, page 3 of the filed PDF · View the filing
Legacy plant utilization: 75%
p. 3
“Legacy plants are operating at 75% utilization, while New Age business utilization will scale through FY27.”
From the transcript, page 3 of the filed PDF · View the filing
Export contribution to revenue: 8-10%
p. 3
“Exports: SIL currently exports to over 30 countries, contributing 8-10% of total revenue, with a strategic target to reach 15% in the coming years.”
From the transcript, page 3 of the filed PDF · View the filing
Value-added product share of steel wire volume: 20%
p. 3
“Value-Added Products: High-end and import-substitute products currently constitute 20% of steel wire volume, targeting an expansion to 30-35%.”
From the transcript, page 3 of the filed PDF · View the filing
Indian Railways order value: over ₹100 million
p. 3
“Railway Communication: Secured a landmark order worth over ₹100 million from Indian Railways for 24/48-fibre armoured OFC.”
From the transcript, page 3 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Export contribution to revenue — 15% · coming years
stated as an aspiration
p. 3
“Exports: SIL currently exports to over 30 countries, contributing 8-10% of total revenue, with a strategic target to reach 15% in the coming years.”
From the transcript, page 3 of the filed PDF · View the filing
Value-added product share of steel wire volume — 30-35%
stated as an aspiration
p. 3
“Value-Added Products: High-end and import-substitute products currently constitute 20% of steel wire volume, targeting an expansion to 30-35%.”
From the transcript, page 3 of the filed PDF · View the filing
Net debt status — net debt-free
stated firmly
p. 3
“Financial Discipline: Confirmed the commitment to remain a net debt-free company to maintain financial flexibility for future capital expansions.”
From the transcript, page 3 of the filed PDF · View the filing
EPC business scope — end-to-end OPGW projects where the company's manufactured product constitutes 60-70% of the project cost
stated firmly
p. 3
“EPC Business Strategy: Resolved that SIL will not transition into a general EPC company; EPC services will be strictly limited to end-to-end OPGW projects where the company's manufactured product constitutes 60-70% of the project cost.”
From the transcript, page 3 of the filed PDF · View the filing
OPGW EPC project commissioning (Power Grid Agra-Kumher) — complete commissioning · Dec 2026
stated firmly
p. 3
“Complete the end-to-end commissioning of the OPGW EPC project for Power Grid (Agra to Kumher).”
From the transcript, page 3 of the filed PDF · View the filing
OPGW tender pipeline participation — ₹10,000 million tender pipeline · FY27
stated firmly
p. 3
“Actively bid for the ₹10,000 million OPGW tender pipeline.”
From the transcript, page 3 of the filed PDF · View the filing
New Age asset capacity ramp-up — scale New Age assets to reflect revenue contributions · March 2027/2028
stated firmly
p. 3
“Operationalize and scale "New Age" assets to reflect revenue contributions in the balance sheets.”
From the transcript, page 3 of the filed PDF · View the filing
Risks flagged
No specific capex figure earmarked for FY27
p. 4
“Capex Specifics: Management has not yet earmarked specific figures for FY27 Capital Expenditures, although they maintain a positive outlook on further capacity expansions.”
From the transcript, page 4 of the filed PDF · View the filing
Supply constraints for optical fiber preforms
p. 4
“Supply Chain Constraints: The industry is facing ongoing pressure regarding the supply of preforms for optical fiber; however, SIL has successfully secured necessary materials to date.”
From the transcript, page 4 of the filed PDF · View the filing
Raw material price volatility from dollar appreciation and supply chain disruptions
p. 4
“Raw Material Volatility: Sudden spikes in raw material prices, driven by dollar appreciation and global supply chain disruptions, remain a persistent operational risk.”
From the transcript, page 4 of the filed PDF · View the filing
Force majeure event affecting gas supply due to international conflict
p. 4
“External Forces & Geopolitics: Previous production schedules were hampered by a force majeure event concerning gas supply caused by international conflict.”
From the transcript, page 4 of the filed PDF · View the filing
One-time provision for gratuity and leave policy changes impacted profit growth
p. 4
“Policy Impacts: Unforeseen changes in government policy regarding gratuity and leave provisions necessitated a one-time provision in the FY26 balance sheet, which temporarily impacted short-term profit growth.”
From the transcript, page 4 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.
Continue reading
More Q4 FY26 earnings calls, in alphabetical order