It is the largest Pakistani information technology company by revenue, and has been growing rapidly for the past decade, having become a market darling for investors of stocks listed on the Pakistan Stock Exchange. The question has always been the extent to which Systems Ltd can keep its stellar trajectory going. Market analysts seem to believe that the answer is “for the foreseeable future”.
According to a comprehensive report by Topline Securities, the company is expected to outperform the broader IT industry, with its market share in Pakistan’s IT exports projected to rise to 6.8% by 2027.
Founded in 1977 as one of Pakistan’s first software companies, Systems Ltd has evolved into a global player with a diverse portfolio of services and an expanding international footprint. The company, which went public on the Pakistan Stock Exchange (PSX) in 2015, has seen its market valuation soar from Rs4 billion at the time of listing to an impressive Rs166 billion today.
Topline Securities has reiterated its “Buy” recommendation for Systems Ltd, setting a December 2025 target price of Rs707 per share. This represents a potential upside of 24% from the current market price of Rs568.95, with a total expected return of 26% including dividend yield.
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