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Systango Technologies Ltd

SYSTANGO
NSE
284.00
1.45%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Systango Technologies Ltd

SYSTANGO
NSE
284.00
1.45%
29 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
417Cr
Close
Close Price
284.00
Industry
Industry
IT - Software
PE
Price To Earnings
12.89
PS
Price To Sales
4.97
Revenue
Revenue
84Cr
Rev Gr TTM
Revenue Growth TTM
43.51%
PAT Gr TTM
PAT Growth TTM
74.95%
Peer Comparison
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterSep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Revenue
RevenueCr
161622302730293845
Growth YoY
Revenue Growth YoY%
37.283.120.2-1.06.929.458.1
Expenses
ExpensesCr
121316201920202426
Operating Profit
Operating ProfitCr
43698981419
OPM
OPM%
27.219.228.631.729.732.029.537.642.2
Other Income
Other IncomeCr
01-1222343
Interest Expense
Interest ExpenseCr
000000000
Depreciation
DepreciationCr
010000000
PBT
PBTCr
545121012121822
Tax
TaxCr
101213233
PAT
PATCr
3341089101418
Growth YoY
PAT Growth YoY%
29.4177.586.7-8.819.259.888.7
NPM
NPM%
20.621.219.532.130.229.633.736.640.2
EPS
EPS
0.00.00.08.85.56.06.69.612.5

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
14233352576784
Growth
Revenue Growth%
60.942.260.18.118.724.9
Expenses
ExpensesCr
11172536394450
Operating Profit
Operating ProfitCr
36816182334
OPM
OPM%
21.327.323.230.430.934.140.1
Other Income
Other IncomeCr
0111476
Interest Expense
Interest ExpenseCr
0000000
Depreciation
DepreciationCr
0011111
PBT
PBTCr
37817212940
Tax
TaxCr
0113457
PAT
PATCr
36714172432
Growth
PAT Growth%
125.520.4104.621.040.236.2
NPM
NPM%
17.624.720.926.729.935.338.6
EPS
EPS
2.35.36.312.811.516.222.0

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital
Equity CapitalCr
133151515
Reserves
ReservesCr
4815476488
Current Liabilities
Current LiabilitiesCr
2457810
Non Current Liabilities
Non Current LiabilitiesCr
010100
Total Liabilities
Total LiabilitiesCr
715226986112
Current Assets
Current AssetsCr
61420627993
Non Current Assets
Non Current AssetsCr
2227719
Total Assets
Total AssetsCr
715226986112

Cash Flow

Consolidated
Standalone
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
4735912
Investing Cash Flow
Investing Cash FlowCr
-3-6-1-7-402
Financing Cash Flow
Financing Cash FlowCr
-1013201
Net Cash Flow
Net Cash FlowCr
01330-3116
Free Cash Flow
Free Cash FlowCr
3723712
CFO To PAT
CFO To PAT%
148.7127.849.436.651.352.2
CFO To EBITDA
CFO To EBITDA%
123.2115.844.532.349.754.0

Ratios

Consolidated
Standalone
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
000195453295
Price To Earnings
Price To Earnings
0.00.00.013.926.812.4
Price To Sales
Price To Sales
0.00.00.03.78.04.4
Price To Book
Price To Book
0.00.00.03.25.82.9
EV To EBITDA
EV To EBITDA
-0.5-0.4-0.710.025.612.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
100.0100.0100.0100.0100.0100.0
OPM
OPM%
21.327.323.230.430.934.1
NPM
NPM%
17.624.720.926.729.935.3
ROCE
ROCE%
61.463.546.526.926.928.5
ROE
ROE%
52.854.339.222.721.623.2
ROA
ROA%
33.836.930.620.219.721.1
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Systango Technologies Limited is a high-growth, **debt-free** digital engineering firm listed on the **NSE Emerge** platform (**SYSTANGO**). With nearly **two decades** of operational history, the company has evolved from a software boutique into a global specialist in **AI-powered**, **cloud-native**, and **Web3** solutions. Headquartered in **Indore, India**, Systango serves as a strategic digital partner for a diverse clientele ranging from **Fortune 500** enterprises to high-growth startups across **10+ countries**. --- ### **Global Footprint & Corporate Structure** Systango operates through a lean, global delivery model, leveraging offshore cost efficiencies in India while maintaining a high-touch local presence in premium markets like the **UK** and **USA**. | Entity | Relationship | Location | | :--- | :--- | :--- | | **Systango Technologies Ltd** | Holding Company | India (Indore) | | **iSystango Ltd** | Wholly Owned Subsidiary | United Kingdom | | **Systango Ltd** | Step-down Subsidiary | United Kingdom | | **Systango Inc.** | Wholly Owned Subsidiary | USA | | **Systango Account Aggregator Services LLP** | Controlled Enterprise | India | *Note: The company streamlined its US operations by dissolving Systango LLC in December 2024.* --- ### **Technological Specializations & Service Verticals** The company provides end-to-end software lifecycle coverage, specializing in the "bridge" between initial prototypes and production-grade digital systems. * **Generative AI & Machine Learning:** A core growth driver. Systango launched the **GenAI Studio** in **2025** to accelerate enterprise adoption. They design and deploy **LLM-integrated** solutions (GPT, Gemini, Llama), custom AI agents, and algorithmic trading models. * **Blockchain & Web3:** Comprehensive decentralized platform development, including **DeFi ecosystems**, asset tokenization, **NFT marketplaces**, and **Layer-2** scalability solutions. * **Cloud & Data Engineering:** Development of real-time data pipelines, **Infrastructure as Code (IaC)**, and DevOps automation on hyperscale platforms. * **Digital Engineering:** High-performance native/hybrid mobile apps, **Progressive Web Apps (PWAs)**, and Web 2.0 modernization. --- ### **Proprietary AI Product Suite (Ylabs)** Beyond services, Systango offers white-label and **SaaS** solutions, many of which are available on the **Google Cloud Marketplace**, providing high-margin recurring revenue potential. | Product | Category | Key Impact Metric | | :--- | :--- | :--- | | **Ylabs IDP** | Intelligent Document Processing | **80% faster** document extraction/processing. | | **Ylabs Generative BI** | Business Intelligence | Natural language dashboard creation from diverse data. | | **Skill Up (Swotter)** | Learning Management (LMS) | Gamified training platform for global energy/training providers. | | **Shootih** | Wealth Management | Automated investment streamlining and smart reporting. | | **Crypto Options** | FinTech / Web3 | AI-powered trading with verifiable blockchain security. | --- ### **Strategic Partnerships & Market Recognition** Systango is one of the few mid-cap Indian firms to hold elite global certifications, which serves as a significant barrier to entry for competitors. * **Google Cloud Partner:** Ranked among the first **20 companies globally** to achieve the **Google Cloud Specialization in Generative AI**. * **AWS Premium Partner:** Holds **AWS Service Delivery Specializations** for Lambda, API Gateway, and CloudFront. * **Adobe Bronze Partner:** Supporting enterprise-grade digital experience deployments. * **Global Reach:** Delivered **1,000+ projects** to **600+ clients**. * **Industry Leadership:** CEO Vinita Rathi was awarded the **2024 Tech Innovator Award** at the Everywoman Entrepreneur Awards (UK). --- ### **Financial Performance & Growth Trajectory** The company has demonstrated robust top-line and bottom-line growth, characterized by high margins and strong foreign exchange earnings. #### **Key Performance Metrics (H1 FY26)** * **Revenue:** **INR 45 crore** (**58% YoY growth**) * **EBITDA Margin:** **42%** * **PAT Margin:** **40%** * **Attrition Rate:** Industry-leading **<10%** #### **Consolidated Annual Financials** | Metric (₹ in Crore) | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :---: | :---: | :---: | | **Total Revenue** | **73.97** | **60.71** | — | | **Revenue from Operations** | **67.14** | **56.57** | **52.34** | | **Profit After Tax (PAT)** | **23.73** | **16.92** | **13.99** | | **Foreign Exchange Earnings** | **61.17** | **52.47** | — | --- ### **Strategic Growth Pillars & Future Outlook** Systango is aggressively pivoting toward the **UK and EMEA** markets while scaling its technical workforce. 1. **UK/EMEA Expansion:** Established a **Strategic Advisory Board** in the UK and appointed a new **Head of EMEA** (ex-AWS/Microsoft) to lead GTM strategies. 2. **Inorganic Growth:** Executed a **GBP 1,500,000** acquisition of assets and contracts from **Tech Alchemy Limited** in June 2025. 3. **Strategic Alliances:** Formed a partnership with **Alibaba Cloud** for AI-driven cloud adoption and **Chesamel Group (UK)** for joint digital transformation projects. 4. **Talent Scaling:** Doubled the fresher hiring program to onboard **45–50** professionals in 2025, focusing specifically on **AI and Data** roles. 5. **Rapid Delivery Model:** Utilizing a **4-Step Delivery Model** (Consult, Assemble, Sprint, Launch) to ship complex GenAI solutions within **12–16 weeks**. --- ### **Risk Management & Fiscal Position** The company maintains a conservative fiscal profile with a formal **Risk Management Policy** compliant with **SEBI (LODR)** regulations. * **Tax Efficiency:** Operates a unit within a **Special Economic Zone (SEZ)**. Under **Section 10AA**, it enjoys a **100% tax deduction** on export profits for the first 5 years, followed by **50%** for the next 5 years. * **MAT Considerations:** While SEZ profits are exempt from normal tax, they are subject to **Minimum Alternative Tax (MAT)**. The company manages this through **MAT Credit** utilization. * **Capital Integrity:** Following its **March 2023 IPO** (raising **₹34.82 Crore** at **₹90/share**), the company has confirmed **zero deviation** in the utilization of proceeds. * **Operational Risks:** Mitigated through a **Strategic Advisory Board** and periodic internal control audits to ensure compliance with evolving global data and financial regulations.