SYS Systems Limited

Systems Limited (SYS) financial ratios

Systems Limited earned a net margin of 13.7% in FY2025 against a five-year average of 18.1% (Technology & Communication median 5.8%). Return on equity was 25.3%, compared with a sector median of 10.7%. The current ratio stood at 2.68× and debt was 15.0% of equity. Cash took about 130 days to cycle through receivables, inventory and payables.

FY2025 vs the Technology & Communication median

Gross margin: 27.9%; Sector median 27.9%
Operating margin: 16.1%; Sector median 8.2%
Net margin: 13.7%; Sector median 5.8%
Return on equity (ROE): 25.3%; Sector median 10.7%
Return on assets (ROA): 16.6%; Sector median 7.5%
Current ratio: 2.68×; Sector median 1.51×
Debt to equity: 15.0%; Sector median 18.3%
Asset turnover: 1.21×; Sector median 0.41×
Dividend payout ratio: 15.9%; Sector median 0.0%

Median of the 21 companies in the sector with the figure for their latest fiscal year.

SYS financial ratios (annual) (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 * Jan – Dec 2024	FY2023 * Jan – Dec 2023	FY2022 * Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 * Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014
Profitability
Gross margin	27.9%	23.8%	25.9%	27.2%	32.6%	33.0%	31.4%	28.7%	30.0%	28.5%	32.4%	35.2%
EBITDA margin	18.3%	15.9%	23.9%	19.8%	23.4%	24.4%	20.7%	16.5%	15.6%	17.5%	17.0%	22.9%
Operating margin	16.1%	13.3%	20.3%	17.2%	21.0%	21.4%	17.7%	13.8%	12.8%	14.4%	13.5%	19.8%
Pre-tax margin	14.5%	11.6%	16.4%	22.0%	29.0%	23.1%	21.2%	20.8%	14.9%	15.2%	16.9%	21.4%
Net margin	13.7%	11.1%	16.3%	20.9%	28.6%	21.9%	20.8%	19.9%	14.6%	15.5%	16.4%	21.2%
Effective tax rate	5.0%	4.6%	1.1%	5.0%	1.2%	5.2%	2.1%	4.3%	1.5%	(1.8%)	3.1%	1.0%
Returns
Return on equity (ROE)	25.3%	21.0%	31.4%	37.9%	44.9%	33.0%	32.7%	29.1%	18.9%	18.6%	18.1%	—
Return on assets (ROA)	16.6%	13.8%	19.5%	23.5%	29.7%	23.0%	24.6%	22.7%	15.8%	16.3%	15.6%	—
Return on invested capital (ROIC)	22.8%	19.9%	30.2%	32.7%	36.5%	28.0%	29.5%	26.8%	18.4%	18.9%	18.1%	—
Liquidity
Current ratio	2.68×	2.52×	2.18×	1.81×	2.52×	3.06×	3.29×	3.48×	3.91×	8.16×	6.20×	7.53×
Quick ratio	2.67×	2.50×	2.17×	1.75×	2.45×	3.04×	3.22×	3.46×	3.84×	—	—	—
Leverage
Debt to equity	15.0%	8.2%	8.8%	16.2%	25.9%	23.5%	15.0%	11.0%	6.5%	—	—	—
Debt to capital	13.0%	7.6%	8.1%	13.9%	20.6%	19.0%	13.1%	9.9%	6.1%	—	—	—
Debt to assets	9.6%	5.6%	5.6%	9.7%	17.3%	16.3%	11.3%	8.6%	5.3%	—	—	—
Assets to equity	1.52×	1.52×	1.61×	1.61×	1.47×	1.40×	1.31×	1.27×	1.18×	1.13×	1.15×	—
Efficiency
Asset turnover	1.21×	1.25×	1.20×	1.13×	1.04×	1.05×	1.18×	1.14×	1.08×	1.05×	0.95×	—
Receivable days days	143	138	118	100	104	111	129	152	169	192	187	—
Inventory days days	1	1	4	9	8	5	5	4	—	—	—	—
Payable days days	14	15	20	26	20	16	5	12	29	44	59	—
Cash conversion cycle days	130	124	103	84	92	101	129	144	140	148	129	—
Dividends
Dividend payout ratio	15.9%	23.4%	0.0%	0.0%	0.0%	12.7%	17.5%	20.9%	34.3%	28.5%	24.5%	0.0%
Earnings retention rate	0.84×	0.77×	1.00×	1.00×	1.00×	0.87×	0.82×	0.79×	0.66×	0.71×	0.75×	1.00×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

SYS: frequently asked questions

What is SYS's EPS?

Systems Limited reported basic earnings per share of Rs 7.52 for FY2025 (Jan – Dec 2025).

What is SYS's P/E ratio?

At the closing price of Rs 116.74 on 16 Oct 2026, SYS trades at a P/E of 15.5× based on EPS of Rs 7.52 (FY2025).

Does SYS pay dividends?

Yes. Systems Limited declared a dividend of Rs 2.00 per share for FY2025. It has paid a dividend in each of the last 12 years. At Rs 116.74 that is a dividend yield of 1.7%.

What was SYS's revenue and profit in FY2025?

Systems Limited reported revenue of Rs 80.4 bn and profit attributable to shareholders of Rs 11.0 bn for FY2025 (Jan – Dec 2025).

What is SYS's book value per share?

Systems Limited's book value per share was Rs 32.97 at the end of FY2025. The shares trade at 3.54× book value.

Information only, not investment advice.