| Market Cap | ₹617.12 CrSmall Cap |
|---|---|
| Revenue TTM | ₹552.51 CrAnnual 2026 |
| Day RSI | 70.28Overbought Zone |
| Order from | Power Grid Corporation of India Limited (POWERGRID) |
| Deal value | ₹82.42 Cr |
| Share of market cap | 13.4% |
| Share of annual revenue | 14.9% |
Key highlights
- Total contract value of ₹82.42 crore awarded via domestic competitive bidding
- Project involves supply and installation of Optical Ground Wire under the OPGW-06 package
- Geographical scope covers various transmission lines across pan-India locations
- Notification of Award issued on August 24, 2026, with formal signing on September 09, 2026
- Contract includes supply of goods and services relating to execution and erection
What Is the Order?
Systematic Industries Limited has secured a notification of award from the Power Grid Corporation of India Limited for the OPGW-06 package. Valued at ₹82.42 crore, the contract entails the supply of goods and services for installing Optical Ground Wire across transmission lines at pan-India locations. This project covers the supply, execution, and erection of specialized cables that provide dual functionality: protecting high-voltage lines from lightning and electrical faults while simultaneously facilitating high-speed data transmission through integrated optical fibers.
The award follows a domestic competitive bidding process, marking a significant win in the digital-power infrastructure intersection.
Client Profile
Power Grid Corporation of India Limited is a Maharatna Public Sector Enterprise and the largest electric power transmission utility in the country. It plays a critical role in India’s energy security by operating a vast network of transmission lines that carry about half of the total power generated in India. By awarding this contract, POWERGRID continues its strategy of upgrading the national grid with digital connectivity features.
The utility's move to integrate OPGW technology is essential for enhancing real-time monitoring and communication across its expansive infrastructure, making it a pivotal client for specialized wire manufacturers like Systematic Industries.
Financial Context
For the fiscal year ending March 2026, Systematic Industries reported an operating revenue of ₹552.51 crore, reflecting a year-on-year growth of 23.85%. This new order of ₹82.42 crore represents approximately 15% of its annual top-line, providing substantial revenue visibility for the upcoming quarters. The company's annual net profit grew by 13.83% to ₹21.02 crore during the same period.
Currently, the stock trades at a TTM P/E of 29.37, which is below the industry average of 41.81. With a promoter holding of 73.43% and a momentum score of 73.52, the company maintains a stable financial profile as it transitions into high-tech wire segments.
Business Overview
Founded in 2000, Systematic Industries has evolved from a steel wire manufacturer into a specialized solutions provider with a workforce of over 400 professionals. Its portfolio serves diverse sectors including infrastructure, automobile, agriculture, and telecommunications. Key products range from aluminium-clad steel wires to advanced Optical Fibre Cables and Optical Ground Wires.
The company operates from its base in Mumbai and has focused on expanding its geographical footprint across India. This latest contract aligns with its strategy to move beyond traditional wire business into new-age infrastructure solutions that cater to both power transmission and digital data needs.
Management Commentary
This order is an important milestone for Systematic as we continue to expand our capabilities beyond our traditional wire business into new-age infrastructure solutions.
| Share price | ₹276.35 |
|---|---|
| Market capitalisation | ₹617.12 Cr |
| Revenue (annual) | ₹552.51 Cr |
| Net profit (annual) | ₹21.02 Cr |
| P/E (TTM) | 29.37×Sector 45.63× |
| Promoter holding | 73.43% |
| FII holding | 1.02%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Systematic Industries Limited announcing the receipt of Notifications of Award from Power Grid Corporation of India Limited. Market figures from a third-party data provider.
