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Earnings Call

Simplex Castings Earnings Call: Key Takeaways

Simplex Castings delivered strong FY26 results with 18% revenue growth and 40.5% PAT growth. Management is pivoting towards high-margin railway products like bogies and expansion in steel/power sectors.

Why this was an Alfa AlertNot a filter event. Reported FY26 growth of 18% and FY27 guidance of 48.5% (below 50% threshold).
Highlights
Revenue growthFY26: 18%. Target FY27: ₹300cr (48.5% growth).
MarginsTargeting 8-10% PAT margins; expansion through high-value product mix.
Order book₹150cr pending in power; expects new bogie orders monthly.
Demand visibilityStrong order books from Thyssen, BHEL, and railway RDSO approvals.
Management confidenceHigh; citing pro-market conditions in power and steel sectors.

Growth

FY26 Revenue ₹202cr (up 18%), EBITDA ₹37.39cr (up 20%), PAT ₹21.26cr (up 40.5%).

Outlook

FY27 Revenue target ₹300cr; FY28 target ₹500cr. Plans ₹25cr capex for FY27. Exploring international acquisitions.

Risks

Execution challenges in contractual manufacturing, labor skilling needs, and volatility in raw material/gas availability.

Last quarter's promises, checked

Delivered

  • Guided 9M Revenue ~₹150cr → delivered ₹150cr (= BEAT)
  • Guided FY26 PAT ₹15cr → delivered ₹21.26cr (= BEAT)
  • Guided RDSO approval for bogies → delivered Approval received (= BEAT)

Partly delivered

  • Guided Q4 EBITDA improvement → delivered 18.5% (EBITDA growth lagged PAT) (= PARTIAL)
Source

Earnings Call filed with BSE, NSE: SIMPLEXCAS. Summary written with AI assistance from the document.

Read the document ↗

Simplex Castings Ltd: key numbers

Share price
₹137.00
Market cap
₹561.6 Cr
Revenue (annual)
₹202.9 Cr
Net profit (annual)
₹21.26 Cr
P/E (TTM)
24.0×Sector 53.6×
Promoter holding
50.36%+0.00% QoQ
FII holding
7.46%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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22:07 IST BSE
Annual General Meeting

Simplex Castings Annual General Meeting

Simplex Castings Ltd issued notice for an EGM on October 15, 2026, to approve a preferential issue of Rs. 47.15 Crore.

Value
₹47.15 Cr
19:47 IST BSE
Management Change

Simplex Castings Management Change

Simplex Castings Limited has appointed Mr. Urlam Jaya Manmadha Rao as a Non-Executive Independent Director. He brings extensive leadership experience in infrastructure and public transportation.

19:31 IST BSE
Fund Raise

Simplex Castings Fund Raise of ₹99.71 Cr

Simplex Castings' board approved a preferential issue of equity shares and warrants aggregating to Rs. 99.71 Crore to raise funds for the company.

Value
₹99.71 Cr
15:33 IST BSE
Board Meeting Date

Simplex Castings Board Meeting Date

Simplex Castings scheduled a board meeting on 23 September 2026 to consider raising funds through new equity shares or convertible warrants. No amount is specified.

17:41 IST BSE
Annual General Meeting

Simplex Castings Annual General Meeting

Simplex Castings Ltd held its 46th Annual General Meeting on September 16, 2026. Proceedings covered standard agenda items, including financial statement adoption and board appointments.

15:31 IST BSE
Credit Rating

Simplex Castings Credit Rating

Infomerics upgraded Simplex Castings' long-term bank facility rating to IVR BBB/Stable and short-term to IVR A3+. The one-notch upgrade signals improving creditworthiness for investors.