513472

Simplex Castings financials

Market cap
₹466 Cr
Sector
Capital Goods
Calls analysed
3
Latest concall · Q4 FY26 · call held 29 May 2026

Simplex Castings Q4 FY26

Consolidated Revenue ₹202 cr +18%EBITDA ₹37.39 cr +20%EBITDA Margin 18.51% PAT ₹21.26 cr +41%

What went well

  • Consolidated revenue grew 18% to 202 crores in FY26.
  • EBITDA increased 20% to 37.39 crores in FY26.
  • PAT rose 40.5% to 21.26 crores in FY26.

What to watch

  • Q4 FY26 revenue de-growth compared to Q4 FY25 (approx. 67 crores) due to customer site delays and gas availability.
  • Execution challenges cited due to volatile steel prices, gas availability, and labor availability.
Read the full call →

What Simplex Castings does

Simplex Castings Limited is a precision-metallurgy heavy engineering company that manufactures large industrial castings, fabrications and machined components, and also executes turnkey EPC projects, from two plants in Chhattisgarh (Bhilai and Rajnandgaon/Tedesara). It supplies steel-plant equipment (coke oven doors, sinter cars, ingot moulds, slag pots, torpedo ladle cars), railway wagon bogies and cast steel components, and products for power, pumps & valves, mining and defence customers, both in India and export markets. The Heavy Engineering & Fabrication division and the Ferrous Foundry division cover casting, machining and fabrication under one roof, and the company has recently received RDSO approval to re-enter the railway wagon-bogie segment.

Segments

  • Heavy Engineering & Fabrication
  • Ferrous Foundry
  • EPC / Turn-key projects
Manufacturing plants
2 (Bhilai and Rajnandgaon/Tedesara, Chhattisgarh)
Heavy Engineering & Fabrication capacity
15,000+ MTPA
Ferrous Foundry capacity
21,000+ MTPA
Total employees
1000+
Land parcel (2 units)
30+ acres
Railway bogies supplied (cumulative)
12,000+
Founded 1980Headquarters Bhilai, Chhattisgarh, IndiaEmployees 1,000 (FY26) Company website

Guidance record · Q4 FY26

what the last two calls moved 13 tracked 3 delivered 2 missed 8 open
  • Annual Revenue delivered said Q2 FY26 Promised: Targeting towards INR 200 crores in this year Q4 FY26: Company reported consolidated revenue of 202 crores for FY26.
  • Net Profit (PAT) missed said Q2 FY26 Promised: Closing around INR 45 crores, INR 50 crores of PAT Q4 FY26: Company reported FY26 PAT of 21.26 crores, significantly below the targeted range of 45-50 crores.
  • EBITDA Margin at risk said Q2 FY26 Promised: Estimate the EBITDA margin to be above 20% in next one or two years Q4 FY26: FY26 EBITDA margin came in at 18.51%. While an improvement, it is still below the 20% target. Time remains on the promise.

All 13 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 34.8%, net profit up 44.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue29 48 67 45 55 +89%48 −1%55 −18%61 +35%
EBITDA8 10 8 9 10 +22%8 −26%11 +39%12 +26%
Net profit4 6 4 5 6 +53%5 −24%6 +66%7 +45%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −70.4% 1Y

₹100₹200₹300₹400₹500₹600Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 17 Nov 2025Q3 FY26 — 10 Feb 2026Q4 FY26 — 29 May 2026

1Y: ₹384.7 on 10 Sept 2025 → ₹113.7. High ₹583.25 (21 Nov 2025), low ₹95.85 (4 Aug 2026).

How the price took the results

close before → close after

Q4 FY26
+3.2%
29 May
Q3 FY26
−0.5%
10 Feb
Q2 FY26
+2.3%
17 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 21.1% a year over 5 years, FY20 to FY26. Operating margin widened to 18.4%.

Year endingFY20FY21FY23FY24FY25FY26
Revenue₹78 Cr₹87 Cr₹117 Cr₹122 Cr₹172 Cr₹203 Cr
Operating profit₹-44 Cr₹12 Cr₹15 Cr₹13 Cr₹31 Cr₹37 Cr
Operating margin-56.0%14.4%12.5%10.8%18.1%18.4%
Interest₹10 Cr₹10 Cr₹8 Cr₹9 Cr₹9 Cr₹7 Cr
Depreciation₹7 Cr₹6 Cr₹5 Cr₹4 Cr₹4 Cr₹4 Cr
Net profit₹-29 Cr₹1 Cr₹-17 Cr₹2 Cr₹15 Cr₹21 Cr
Net margin-36.6%1.2%-14.6%2.0%8.9%10.5%
Cash from operations₹-32 Cr₹-0 Cr₹12 Cr₹-3 Cr₹9 Cr₹14 Cr
Free cash flow₹-36 Cr₹-1 Cr₹11 Cr₹0 Cr₹-5 Cr₹-5 Cr
ROCE-21.6%7.8%————
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹8 Cr₹8 Cr
Reserves₹39 Cr₹41 Cr₹24 Cr₹27 Cr₹73 Cr₹105 Cr
Borrowings₹64 Cr₹67 Cr₹66 Cr₹72 Cr₹66 Cr₹50 Cr
Other liabilities₹67 Cr₹65 Cr₹52 Cr₹43 Cr₹30 Cr₹33 Cr
Total liabilities₹176 Cr₹180 Cr₹148 Cr₹148 Cr₹177 Cr₹197 Cr
Fixed assets₹43 Cr₹43 Cr₹39 Cr₹36 Cr₹33 Cr₹31 Cr
Capital work in progress₹2 Cr₹0 Cr₹0 Cr₹0 Cr₹15 Cr₹30 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹131 Cr₹137 Cr₹109 Cr₹112 Cr₹129 Cr₹136 Cr
Total assets₹176 Cr₹180 Cr₹148 Cr₹148 Cr₹177 Cr₹197 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +7.46 pp while the public trimmed −5.45 pp. The shareholder count grew 14% to 4,376.

Promoters
50.4%
FIIs
7.5%
Public
42.2%

Since Jun 2025

  • FIIs +7.46 pp
  • Public −5.45 pp
  • Promoters −2.00 pp

How it drifted, 12 quarters

Over this window FIIs went from 0.0% to 7.5% — +7.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 56.5%, Public 43.5%.Dec '23: Promoters 56.5%, Public 43.5%.Mar '24: Promoters 56.5%, Public 43.5%.Jun '24: Promoters 52.4%, Public 47.6%.Sep '24: Promoters 52.4%, Public 47.6%.Dec '24: Promoters 52.4%, Public 47.6%.Mar '25: Promoters 52.4%, Public 47.6%.Jun '25: Promoters 52.4%, Public 47.6%.Sep '25: Promoters 53.1%, Public 46.9%.Dec '25: Promoters 53.1%, DIIs 0.1%, Public 46.8%.Mar '26: Promoters 50.4%, FIIs 4.9%, Public 44.7%.Jun '26: Promoters 50.4%, FIIs 7.5%, Public 42.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Simplex Castings above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Ketan Shah 37.44%unchanged
Sangeeta Ketan Shah 9.47%unchanged
India Emerging Giants Fund Limited FPI fund7.45%+2.51 pp
Areeza India Strategy Partners Llp 4.02%unchanged
Sim Prabha Estates & Trading Co.(P) Ltd 2.90%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 2.76%unchanged
Bharath C Jain 2.13%−0.31 pp
Pramod Menon 1.52%−0.69 pp
Carron Capital Advisors Llp 1.22%unchanged
Niraj Rajnikant Shah 1.14%−0.22 pp
Aatish Sharma 1.08%unchanged
Jayshree Sanjiv Haria 0.47%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth the price implies
53.0% a year
for 7 years, fading to 4%
It has actually compounded at
Not enough history
The gap
—
between what it did and what it must do
Price today ₹113.7 Cyclical — a peak-earnings base overstates value

Change the assumptions yourself →

All earnings calls (3)

Read the Q4 FY26 call →

Learn to analyse Simplex Castings

Guides on how to read this kind of business and the numbers that matter.