Simplex Infrastructures Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2019 • Construction: 96.1% • Others: 3.9%
AI Sector View
AI GENERATEDConstruction
Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.
PROS
- Latest quarter profit grew 116.4% YoY, showing strong momentum
- Institutional investors have been accumulating - FII+DII up 3.0pp
CONS
- A large part of profit comes from other income (67.6% of PBT)
- Recent results are weak - TTM profit is down 52.2% versus prior year
- Company has a low return on equity of -6.1% over last 3 years
- Promoter holding has decreased over last 2 years: -13.8pp
- Company has a low return on capital employed of 0.9%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -10.09x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LT | 3915.00 | 32.47 | 538651.57 | 0.97 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| RVNL | 205.00 | 47.52 | 42742.91 | 0.35 | 159.52 | 18.73 | 4321.23 | 10.55 | 10.81 | 4.41 |
| KPIL | 1435.05 | 21.56 | 24506.71 | 0.77 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| IRB | 19.64 | 24.86 | 23721.19 | 1.32 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 7.72 | 53.93 |
| CEMPRO | 1244.10 | 35.53 | 21372.09 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| ENGINERSIN | 269.20 | 19.30 | 15130.18 | 1.86 | 157.94 | 141.49 | 819.84 | -5.80 | 30.94 | 20.61 |
| TECHNOE | 972.50 | 26.24 | 11310.13 | 0.72 | 93.33 | -31.44 | 630.34 | 19.84 | 14.86 | 15.79 |
| WELENT | 782.75 | 35.45 | 10834.34 | 0.38 | 56.36 | -44.29 | 773.72 | -8.44 | 16.44 | 19.49 |
| KEC | 406.45 | 19.54 | 10819.70 | 1.35 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| IRCON | 113.20 | 20.33 | 10646.64 | 1.68 | 92.03 | -43.92 | 1955.83 | 9.49 | 10.15 | 9.81 |
| AFCONS | 253.95 | 64.55 | 9339.89 | 0.79 | 30.30 | -77.95 | 2671.00 | -20.75 | 12.88 | 9.42 |
| SIMPLEXINF | 256.05 | 44.21 | 2025.24 | 0.00 | 10.67 | 116.43 | 290.55 | 19.77 | 2.43 | 7.15 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 399 | 312 | 316 | 361 | 296 | 268 | 230 | 282 | 243 | 248 | 248 | 283 | 291 | |
| 388 | 307 | 308 | 357 | 295 | 265 | 226 | 267 | 235 | 232 | 238 | 261 | 279 | |
| Operating Profit | 11 | 6 | 9 | 3 | 1 | 3 | 4 | 15 | 8 | 16 | 10 | 22 | 12 |
| OPM % | 2.72% | 1.77% | 2.69% | 0.93% | 0.29% | 1.13% | 1.61% | 5.36% | 3.15% | 6.44% | 4.06% | 7.62% | 4.05% |
| 0 | 6 | 2 | 10 | 10 | 4 | 2 | 52 | 9 | 10 | 16 | 2 | 3 | |
| Interest | 222 | 5 | 115 | -263 | 6 | 5 | 2 | 2 | 2 | 5 | 5 | 0 | 1 |
| Depreciation | 19 | 17 | 17 | 16 | 16 | 16 | 16 | 8 | 7 | 7 | 7 | 8 | 8 |
| Profit before Tax | -230 | -11 | -122 | 260 | -11 | -14 | -12 | 57 | 7 | 13 | 13 | 15 | 15 |
| Tax % | 34.57% | 33.06% | 34.19% | 36.05% | 8.09% | 24.95% | 1.64% | 24.92% | 43.60% | 35.63% | 55.46% | -25.91% | 28.05% |
| Net Profit | 0 | 0 | 0 | 0 | -10 | -11 | -11 | 43 | 5 | 9 | 8 | 19 | 11 |
| -26.30 | -1.27 | -13.79 | 28.71 | -1.73 | -1.88 | -1.97 | 7.60 | 0.66 | 1.10 | 1.00 | 2.44 | 1.32 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,612 | 5,767 | 6,117 | 4,026 | 2,200 | 2,047 | 1,874 | 1,388 | 1,076 | 1,021 | 1,069 | |
| 4,976 | 5,117 | 5,408 | 3,921 | 2,184 | 2,006 | 1,854 | 1,360 | 1,053 | 966 | 1,010 | |
| Operating Profit | 637 | 650 | 709 | 105 | 16 | 41 | 19 | 28 | 23 | 55 | 59 |
| OPM % | 11.34% | 11.26% | 11.59% | 2.61% | 0.71% | 1.99% | 1.04% | 2.03% | 2.11% | 5.41% | 5.55% |
| 162 | 136 | 112 | 67 | 59 | 46 | 88 | 18 | 67 | 36 | 30 | |
| Interest | 445 | 452 | 471 | 517 | 644 | 755 | 839 | 80 | 15 | 13 | 12 |
| Depreciation | 199 | 184 | 168 | 138 | 125 | 105 | 86 | 70 | 55 | 29 | 30 |
| Profit before Tax | 153 | 147 | 183 | -483 | -702 | -801 | -825 | -103 | 22 | 52 | 57 |
| Tax % | 12.47% | 23.14% | 33.28% | 33.51% | 33.15% | 34.23% | 42.88% | 30.11% | 44.50% | 22.07% | 21.97% |
| Net Profit | 134 | 113 | 122 | -321 | -469 | -527 | -471 | -72 | 12 | 40 | 44 |
| EPS | 27.65 | 22.81 | 21.97 | -56.14 | -82.13 | -92.42 | -82.41 | -12.65 | 1.72 | 5.06 | — |
| Dividend Payout % | 1.81% | 2.19% | 2.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -16%
- 5 Years:
- -14%
- 3 Years:
- -18%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -9%
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- -3%
- 5 Years:
- 46%
- 3 Years:
- 68%
- 1 Year:
- -14%
RETURN ON EQUITY
- 10 Years:
- -19%
- 5 Years:
- -32%
- 3 Years:
- -6%
- Last Year:
- 6%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 13 | 16 |
| Minority Interest | -3 | -4 | -4 | -5 | 1 | 2 | 1 | 1 | 2 | 3 |
| 1,522 | 1,621 | 1,993 | 1,755 | 1,255 | 738 | 289 | 220 | 510 | 912 | |
| 3,319 | 3,534 | 3,380 | 3,891 | 4,646 | 5,409 | 6,059 | 7,217 | 2,091 | 1,705 | |
| Trade Payables | 1,711 | 1,987 | 2,176 | 1,754 | 1,598 | 1,601 | 1,585 | 1,458 | 772 | 573 |
| 1,961 | 2,061 | 2,129 | 1,880 | 1,555 | 1,582 | 1,527 | 562 | 398 | 130 | |
| Total Liabilities | 8,521 | 9,209 | 9,685 | 9,287 | 9,066 | 9,343 | 9,472 | 9,470 | 3,787 | 3,338 |
| 1,179 | 1,102 | 1,022 | 891 | 745 | 627 | 531 | 462 | 240 | 252 | |
| Capital Work in Progress | 11 | 10 | 8 | 9 | 3 | 2 | 2 | 3 | 0 | 0 |
| 112 | 109 | 105 | 90 | 82 | 53 | 7 | 7 | 9 | 12 | |
| 746 | 757 | 774 | 521 | 454 | 395 | 319 | 293 | 98 | 106 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,347 | 647 | 523 | |
| Cash & Bank | 51 | 110 | 112 | 72 | 47 | 26 | 59 | 62 | 119 | 181 |
| 6,421 | 7,122 | 7,664 | 7,703 | 7,736 | 8,240 | 8,553 | 7,297 | 2,675 | 2,265 | |
| Total Assets | 8,521 | 9,209 | 9,685 | 9,287 | 9,066 | 9,343 | 9,472 | 9,470 | 3,787 | 3,338 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 691 | 463 | 67 | -10 | -528 | -449 | -447 | -83 | 208 | 74 | |
| Cash from Investing | -133 | -164 | -71 | 70 | 79 | 22 | 205 | 2 | -24 | -157 |
| Cash from Financing | -514 | -179 | 32 | -88 | 385 | 404 | 259 | 83 | -127 | 19 |
| 26 | 58 | -7 | -36 | -19 | -20 | 33 | 3 | 57 | -64 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-30 - Simplex Infrastructures Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-29 - Simplex Infrastructures Limited has informed the Exchange that Record date for the purpose of Meeting is 16-Sep-2026.
2026-08-29 - Simplex Infrastructures Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2026
2026-08-27 - Simplex Infrastructures Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - Simplex Infrastructures Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-11 - Simplex Infrastructures Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
2026-08-11 - submission of Monitoring Agency Report for Quarter ended 30-06-2026
2026-08-11 - Simplex Infrastructures Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-05 - Simplex Infrastructures Limited has informed the Exchange about Copy of Newspaper Publication
News
Recent coverage and analyst commentary for SIMPLEXINF
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