Syschem (India) (BSE: SYSCHEM) had a P/E of 28.7× on 6 Nov 2026, in line with the industry P/E of 28.7×, and the shares are 48% below their 52-week high. Its ROCE of 11% is the second-lowest among the 7 largest Drug Manufacturers (Specialty & Generic) peers, and sales and net profit grew 71% and 34% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹169 Cr, ranked 101st of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares fell 46% over the past year.
- ₹32.94
- ₹33.78
- ₹31.50
- ₹32.26
- 23K
Health check
- ReturnsBehind
−45.9% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 28.7 vs industry 28.7.
- GrowthStrong
Sales +71.3%, profit +34.3% a year over 3 years.
- ProfitabilityWeak
ROCE 11.5% vs peer median 17.9%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags2 to check
Return on equity is low at 6.5%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹169 Cr
- Small cap
- P/E
- 28.7
- Industry 28.7
- Price to book
- 1.20
- Peers 4.99
- Dividend yield
- 0.00%
- ROE
- 6.5%
- Peers 14.7%
- ROCE
- 11.5%
- Peers 17.9%
- Debt to equity
- 0.01
- Debt ₹0.87 Cr
- EPS (TTM)
- ₹1.10
- OPM (TTM)
- 3.3%
- Net margin 1.1%
- Sales growth
- +9.4%
- Latest quarter vs a year ago
- Profit growth
- +0.7%
- Latest quarter vs a year ago
- Price to sales
- 0.25
- EV/EBITDA 8.1
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Return on equity is low at 6.5%.
- 48% below its 52-week high.
About Syschem (India)
Syschem (India) Limited engages in the production and sale of active pharmaceuticals ingredients (API), intermediates, and bulk drugs in India. Its APIs/intermediates include amoxycillin trihydrate, ampicillin trihydrate, cloxacillin sodium, dicloxacillin sodium, flucloxacillin sodium, cephalexin, and cefadroxil. The company also engages in the distillation of specialist solvents, such as methonel, acetonitrile, ethyl acetate, and THF; and contract…
- Headquarters
- Chandigarh
- Employees
- 135
- Sector
- Healthcare
- ISIN
- INE121D01036
- Website
- syschem.in
Price range
- Avg volume (3M)
- 42.9K
- 1-year return
- minus 45.9%
- From 52-week high
- minus 48.1%
Peers · Drug Manufacturers - Specialty & Generic
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMASun Pharmaceutical Industries | 1,860.00 | plus 1.69% | 4,46,276 | 40.7 | 4.99 | 17.9% | 13.1% | 28.2% | 10.4% | 10.6% | 0.86% | plus 8.2% |
| DIVISLABDivi's Laboratories | 10,320.50 | plus 1.78% | 2,73,977 | 93.6 | 16.35 | 19.0% | 16.2% | 34.9% | 11.0% | 12.1% | 0.29% | plus 49.0% |
| TORNTPHARMTorrent Pharmaceuticals | 4,750.00 | plus 0.85% | 1,80,675 | 80.2 | 9.83 | 9.1% | 15.7% | 33.7% | 13.3% | 20.2% | 0.80% | plus 31.7% |
| LAURUSLABSLaurus Labs | 2,340.00 | minus 0.26% | 1,26,433 | 94.4 | 20.86 | 19.5% | 24.0% | 30.4% | 3.8% | 4.0% | 0.09% | plus 138.6% |
| ZYDUSLIFEZydus Lifesciences | 1,197.90 | plus 0.41% | 1,19,491 | 28.6 | 4.29 | 19.0% | 14.7% | 26.2% | 16.5% | 37.0% | 0.08% | plus 22.8% |
| DRREDDYDr. Reddy's Laboratories | 1,373.00 | plus 0.51% | 1,14,462 | 40.9 | 2.96 | 14.2% | 7.3% | 15.9% | 11.0% | −1.7% | 0.58% | plus 13.8% |
| CIPLACipla | 1,411.00 | plus 0.49% | 1,13,993 | 39.4 | 3.22 | 14.9% | 8.3% | 17.3% | 7.2% | 11.5% | 0.92% | minus 6.6% |
| SYSCHEMSyschem (India) | 31.61 | minus 2.01% | 169 | 28.7 | 1.20 | 11.5% | 6.5% | 3.3% | 71.3% | 34.3% | 0.00% | minus 45.9% |
| Median of 7 peers | – | 0.51% | 1,26,433 | 40.9 | 4.99 | 17.9% | 14.7% | 28.2% | 11.0% | 11.5% | 0.58% | 22.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 104 | 141 | 248 | 109 | 113 | |
| 100 | 136 | 239 | 109 | 109 | |
| 3.3 | 6 | 9.4 | 0.5 | 4.4 | |
| 3.2% | 4.2% | 3.8% | 0.5% | 3.9% | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0.2 | 2 | 0.5 | 0.7 | |
| 0.8 | 0.8 | 1.7 | 1.6 | 1.6 | |
| 0 | – | – | – | – | |
| 2.5 | 5 | 5.6 | −1.5 | 2.1 | |
| 25.5% | 16.0% | 68.9% | −14.8% | 10.3% | |
| 1.9 | 4.2 | 1.7 | −1.7 | 1.9 | |
| 0.34 | 0.74 | 0.31 | -0.31 | 0.36 |
Profit & loss
- Sales CAGR 3Y
- +71.3%
- Profit CAGR 3Y
- +34.3%
- EPS CAGR 3Y
- +10.8%
- ROE
- 6.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 130 | 233 | 386 | 655 | |
| – | +79.1% | +65.5% | +69.6% | |
| 122 | 226 | 382 | 634 | |
| 8.6 | 7 | 4 | 21.1 | |
| 6.6% | 3.0% | 1.0% | 3.2% | |
| 0.2 | 0.2 | 0 | −2.2 | |
| 0 | 0.3 | 0.1 | 0 | |
| 2.7 | 2.8 | 2.9 | 4.1 | |
| – | −0 | −0 | – | |
| 6.2 | 4.1 | 1 | 14.8 | |
| 26.6% | 32.9% | 54.5% | 26.1% | |
| 4.5 | 2.8 | 0.5 | 10.9 | |
| – | minus 38.8% | minus 83.3% | +2275.4% | |
| 1.42 | 0.78 | 0.11 | 1.93 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 31.9 | 39.9 | 43.5 | 49 | |
| −9.6 | 17.1 | 47.8 | 73.4 | |
| 1.6 | 0.5 | – | 0.4 | |
| 68.8 | 107 | 126 | 169 | |
| 92.7 | 164 | 217 | 292 | |
| 30.8 | 34.7 | 53.4 | 67.6 | |
| 0.1 | 4.1 | 0.3 | – | |
| 0.7 | 0.1 | 2.1 | 9.4 | |
| 61.1 | 125 | 161 | 215 | |
| 92.7 | 164 | 217 | 292 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −8.5 | −25.6 | −10.1 | 7.6 | |
| −1.6 | −6.5 | −21.7 | −19.6 | |
| 10.7 | 31.6 | 33.8 | 17.9 | |
| 0.5 | −0.5 | 2 | 6 | |
| −2 | −6.7 | −21.7 | −18.3 | |
| −10.5 | −32.3 | −31.8 | −10.7 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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