SIMPLEXCAS
Simplex Castings financials
- Market cap
- ₹491 Cr
- Sector
- Capital Goods
- Calls analysed
- 2
Simplex Castings Ltd. Q1 FY27
What went well
- Revenue from operations for Q1 FY27 stood at ₹60.95 crores, registering a strong approx. 35% year on year growth from ₹45.21 crores in Q1 FY26.
- EBITDA increased above approx. 25% year on year to ₹11.52 crores compared with ₹9.15 crores in Q1 FY26, with an EBITDA margin of 18.89%.
- PAT stood at ₹6.86 crores, up approximately 45% year on year from ₹4.74 crores, while PAT margins improved to 11.25% from 10.48%.
What to watch
- Working capital cycle is currently high (100-120 days), though management is actively working to reduce it to 60-70 days by next year end.
- The Green Hydrogen project, which was awarded to the company, had to be closed due to GST implications and changed tender conditions.
Guidance record · Q1 FY27
what the last two calls moved 12 tracked 1 delivered 1 missed 10 open- Overall Margin delivered said Q3 FY26 Promised: Sustained 10% margin Q1 FY27: Reported PAT margin of 11.25% and EBITDA margin of 18.89% for the quarter, exceeding the target.
- Dhanush Project Revenue went quiet said Q3 FY26 Promised: In a couple of years' time, it should be in the range of maybe 10 to 15 crores Q1 FY27: The 'Dhanush Project' was not specifically mentioned. Management discussed a broader strategy of working with ordnance factories, but did not provide an update on this specific revenue target.
- Working Capital Days revised down said Q3 FY26 Promised: Bring it down to maybe 30 days or 45 days within this thing (outer side 3 months) Q1 FY27: Original target of 30-45 days missed. Current working capital is 100-120 days. New, less ambitious target set at 60-70 days by next year end.
All 12 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q2 FY22: revenue down 5.5%, net profit up 103.0% against the same quarter last year.
| Line item | Q3 FY20 | Q4 FY20 | Q1 FY21 | Q2 FY21 | Q3 FY21 | Q4 FY21 | Q1 FY22 | Q2 FY22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 16 | 13 | 21 | 14 +0% | 39 +141% | 18 +43% | 20 −5% |
| EBITDA | -9 | -21 | -0 | 0 | 3 +131% | 10 +149% | 3 +796% | 4 +8775% |
| Net profit | -11 | -22 | -3 | -3 | 2 +119% | 4 +120% | 0 +104% | 0 +103% |
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 −7.7% 90D
90D: ₹42.95 on 13 Oct 2014 → ₹39.65. High ₹45 (6 Nov 2014), low ₹36.15 (16 Dec 2014).
Financials, as filed
Revenue grew 11.0% a year over 1 year, FY20 to FY21. Operating margin widened to 14.4%.
| Year ending | FY20 | FY21 |
|---|---|---|
| Revenue | ₹78 Cr | ₹87 Cr |
| Operating profit | ₹-44 Cr | ₹12 Cr |
| Operating margin | -56.0% | 14.4% |
| Interest | ₹10 Cr | ₹10 Cr |
| Depreciation | ₹7 Cr | ₹6 Cr |
| Net profit | ₹-29 Cr | ₹1 Cr |
| Net margin | -36.6% | 1.2% |
| Cash from operations | ₹-32 Cr | ₹-0 Cr |
| Free cash flow | ₹-36 Cr | ₹-1 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 ending | FY19 | FY20 | FY21 |
|---|---|---|---|
| Equity capital | ₹6 Cr | ₹6 Cr | ₹6 Cr |
| Reserves | ₹69 Cr | ₹38 Cr | ₹39 Cr |
| Borrowings | ₹80 Cr | ₹68 Cr | ₹64 Cr |
| Other liabilities | ₹175 Cr | ₹62 Cr | ₹67 Cr |
| Total liabilities | ₹329 Cr | ₹173 Cr | ₹176 Cr |
| Fixed assets | ₹56 Cr | ₹53 Cr | ₹43 Cr |
| Capital work in progress | ₹0 Cr | ₹1 Cr | ₹2 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹273 Cr | ₹119 Cr | ₹131 Cr |
| Total assets | ₹329 Cr | ₹173 Cr | ₹176 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.
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 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.
- India Emerging Giants Fund Limited FPI fund +2.51 pp 7.45% held
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 Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ketan Shah | 37.44% | unchanged |
| Sangeeta Ketan Shah | 9.47% | unchanged |
| India Emerging Giants Fund Limited FPI fund | 7.45% | +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.
All earnings calls (2)
Read the Q1 FY27 call →Learn to analyse Simplex Castings Ltd.
Guides on how to read this kind of business and the numbers that matter.