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Technology & Communication

SYS Systems Limited

Latest results: FY2025 · Dec 2025

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Last close · 16 Oct 2026

Rs 118.37 +2.08%

Valuation · at the close on 16 Oct 2026

Systems Limited (SYS) valuation

At Rs 118.37 (close on 16 Oct 2026) SYS trades at 15.7× earnings (FY2025), below its five-year average of 21.2× and above the Technology & Communication median of 14.3×. The shares are priced at 3.59× book value (sector median 1.85×). Enterprise value of Rs 162.7 bn is 11.1× EBITDA. The dividend yield is 1.7%, against a five-year average of 0.8%.

P/E · today
15.7×
FY2025
5-yr average21.2× Sector median14.3×
P/B · today
3.59×
FY2025
5-yr average5.21× Sector median1.85×
EV/EBITDA · today
11.1×
5-yr average15.8× Sector median9.1×
Dividend yield · today
1.7%
FY2025
5-yr average0.8% Payers' median2.2%

Market value Rs 174.4 bn at Rs 118.37. Sector medians use the latest close of 21 Technology & Communication companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

P/E history P/E at fiscal year-end 5-year average
P/E history 26.5× 13.2× 0.0× P/E at fiscal year-end FY16: 19.4× P/E at fiscal year-end FY17: 14.5× P/E at fiscal year-end FY18: 11.5× P/E at fiscal year-end FY19: 9.7× P/E at fiscal year-end FY20: 24.0× P/E at fiscal year-end FY21: 23.7× P/E at fiscal year-end FY22: 20.6× P/E at fiscal year-end FY23: 14.3× P/E at fiscal year-end FY24: 24.5× P/E at fiscal year-end FY25: 23.0× FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Valuation history

At each fiscal year-end price.

SYS valuation history (annual) (Rs bn)
Rs bn 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
Market capitalisation 251.8 182.1 123.4 134.7 105.2 52.2 15.4 12.3 8.3 9.4 7.0 —
Enterprise value 240.1 174.5 116.7 128.2 100.5 48.6 13.9 11.7 7.6 8.9 6.2 —
Share price (period end) Rs 170.88 124.29 84.71 96.79 75.98 38.11 11.30 9.08 6.11 6.99 5.21 —
P/E (diluted) 22.95× 24.49× 14.28× 20.64× 23.67× 24.05× 9.75× 11.50× 14.50× 19.40× 17.00× —
Price to book 5.18× 4.70× 3.82× 6.13× 8.72× 6.67× 2.77× 2.96× 2.57× 3.34× 2.88× —
Price to sales 3.15× 2.71× 2.32× 4.31× 6.90× 5.38× 2.05× 2.32× 2.16× 3.04× 2.82× —
EV / EBITDA 16.34× 16.28× 9.15× 20.37× 28.02× 20.21× 8.89× 13.31× 12.66× 16.24× 14.81× —
EV / Sales 2.99× 2.59× 2.18× 4.04× 6.57× 4.92× 1.84× 2.20× 1.97× 2.85× 2.52× —
Dividend yield (gross) 0.7% 1.0% 1.2% 0.5% 0.4% 0.5% 1.5% 1.6% 2.5% 1.5% 1.4% —
Free cash flow yield 3.5% 1.1% 2.0% 2.2% 1.4% 3.7% 6.9% (0.0%) 3.9% (1.4%) (2.9%) —
PEG ratio 0.49× (1.69×) 0.54× 0.45× 0.23× 0.65× 0.21× 0.13× 0.86× 1.10× (1.29×) —
P/E (diluted, normalised) 21.12× 23.05× 12.85× 20.76× 29.92× 24.13× 9.75× 11.50× 14.50× 19.40× 17.00× —
Price to book — 5-year average 5.21× 5.33× 5.43× 6.19× 5.87× 4.13× 2.88× — — — — —
EV / EBITDA — 5-year average 15.82× 15.90× 15.34× 20.57× 20.18× 15.13× 12.05× — — — — —
Dividend yield — 5-year average 0.8% 0.8% 0.7% 0.6% 0.7% 1.1% 1.7% — — — — —

SYS valuation: frequently asked questions

What is SYS's P/E ratio?

At the closing price of Rs 118.37 on 16 Oct 2026, SYS trades at a P/E of 15.7× based on EPS of Rs 7.52 (FY2025).

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 3.59× book value.

Information only, not investment advice.