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ICRA Limited is an Independent and professional investment information & Credit Rating Agency.
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As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating
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Rating Rationales

India Motor Parts & Accessories Limited: Ratings reaffirmed 09 Mar 2026

Trust Metals and Minerals Enterprises: [ICRA]B+ (Stable); assigned 09 Mar 2026

Ganesh Polychem Limited: Ratings reaffirmed 09 Mar 2026
Research
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ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Special Comments

Monthly Research Compendium 05 Mar 2026

Rising crude oil and LNG prices to adversely impact profitability of midstream and downstream industry 05 Mar 2026

Fiscal deficit at 63% of target in 10M FY2026; downward revision in nominal GDP estimate could cause it to exceed FY2026 target of 4.4% of GDP 02 Mar 2026
Most Trending Reports

Industry volumes continue robust YoY volume growth in January 2026 23 Feb 2026

Flying on a budget: A comparison of India’s low-cost airlines and their global counterparts 23 Feb 2026

Steel demand growth is expected at 9-10% in FY2027, supported by infrastructure push 24 Feb 2026
Credit Perspective
About Credit Perspective Reports

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Special Comments

Monthly Research Compendium 05 Mar 2026

Rising crude oil and LNG prices to adversely impact profitability of midstream and downstream industry 05 Mar 2026

Fiscal deficit at 63% of target in 10M FY2026; downward revision in nominal GDP estimate could cause it to exceed FY2026 target of 4.4% of GDP 02 Mar 2026
Most Trending Research

Industry volumes continue robust YoY volume growth in January 2026 23 Feb 2026

Flying on a budget: A comparison of India’s low-cost airlines and their global counterparts 23 Feb 2026

Steel demand growth is expected at 9-10% in FY2027, supported by infrastructure push 24 Feb 2026
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What's in the news?

Brent prices flare up Russian cargoes come back in focus - Financial Express 02 March 2026

Strait of Hormuz disruption can send crude soaring impact 2.6 mb d of India’s imports - Business Line 02 March 2026

India faces Oil shock as Iran war intensifies - Financial Express 02 March 2026
Contact Us

Systematix Shares And Stocks (India) Limited

Sector : Capital Markets Sub Sectors : Stockbroking & Allied

09 Mar 2026 Systematix Shares And Stocks (India) Limited: Systematix Shares And Stocks (India) Limited-CPR-09032026

Home Credit Perspective Reports Systematix Shares And Stocks (India) Limited

Entity-Specific Rating Rationales

10 Feb 2026

Systematix Shares and Stocks (India) Limited: Ratings assigned

26 May 2025

Systematix Shares and Stocks (India) Limited: Ratings withdrawn

05 Apr 2024

Systematix Shares and Stocks (India) Limited: Ratings reaffirmed

10 Apr 2023

Systematix Shares and Stocks (India) Limited: Ratings downgraded to [ICRA]BB+/[ICRA]A4+; removed from watch with negative implications and stable outlook assigned

Entity-Specific Credit Perspective Reports

09 Mar 2026

Systematix Shares And Stocks (India) Limited

Systematix Shares And Stocks (India) Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Long-term/ Short-term fund-based/ Non-fund based bank lines	[ICRA]A3	--	[ICRA]BBB-(Stable)	--
Fund based/Non-Fund Based	Withdrawn	--	Withdrawn	--

Our Analysts

Analyst 1

Subhrajyoti Mohapatra

912261143000
subhrajyoti.mohapatr@icraindia.com

Analyst 2

Deep Inder Singh

+91 124 4545830
deep.singh@icraindia.com

Sector Head

Karthik Srinivasan

+91 22 61143444
karthiks@icraindia.com

Most Trending Research Reports

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No Data Available

Road sector hits a slow lane as project awarding moderates

Mr. Suprio Banerjee,Mr. M Rajashekar Reddy

25 Feb 2026 04:00 PM

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PPT

Specialty Chemicals: Industry on a slow road to recovery

Girishkumar Kadam,Prashant Vasisht

19 Feb 2026 04:00 PM

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PPT

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Podcast

India Automotive Outlook FY2027: Growth Estimates & EV Transition | ICRA Podcast by Srikumar Krishnamurthy

Feb 2026

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