Simplex Infrastructures Ltd.

•

simplexinfra.comBSE: 523838NSE: SIMPLEXINF

Market Cap₹ 2,156 Cr.

Current Price

High / Low₹ 330 / 137

Stock P/E48.3

Book Value₹ 122

Price to Book4.26

Dividend Yield0.00 %

ROCE0.7 %

ROE2.7 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2019 • Construction: 97.3% • Others: 2.7%

AI Sector View

AI GENERATED

Construction

Buy

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.

Confidence

80%

View full sector analysis →

PROS

Latest quarter profit grew 196.3% YoY, showing strong momentum
Institutional investors have been accumulating - FII+DII up 3.0pp

CONS

Company has a high debt-to-equity of 4.29x
A large part of profit comes from other income (278.7% of PBT)
Company has a low return on equity of -40.6% over last 3 years
Recent results are weak - TTM profit is down 52.3% versus prior year
Company has a low return on capital employed of -0.0%
Promoter holding has decreased over last 2 years: -13.8pp

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ConstructionInfrastructureEngineering - Construction

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	LT	3966.00	32.89	545668.49	0.96	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	212.00	49.14	44202.43	0.33	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1406.55	21.14	24020.01	0.78	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.65	24.87	23733.27	1.32	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1296.70	37.03	22275.70	0.23	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	279.45	20.03	15706.27	1.79	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	979.25	26.42	11388.64	0.71	93.33	-31.44	630.34	19.84	14.86	15.79
8.	WELENT	813.00	36.82	11253.04	0.37	56.36	-44.29	773.72	-8.44	16.44	19.49
9.	IRCON	119.20	21.41	11210.95	1.59	92.03	-43.92	1955.83	9.49	10.15	9.81
10.	KEC	408.35	19.63	10870.28	1.35	72.62	-41.72	5023.54	0.01	16.35	5.79
11.	AFCONS	292.55	74.36	10759.54	0.68	30.30	-77.95	2671.00	-20.75	12.88	9.42
12.	SIMPLEXINF	272.55	47.06	2155.74	0.00	10.67	116.43	290.55	19.77	0.73	7.15

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	315	247	226	223	200	196	139	197	154	164	170	183	150
	305	241	218	219	200	193	136	181	147	149	160	160	139
Operating Profit	10	6	8	4	-0	3	3	15	7	16	9	23	11
OPM %	3.27%	2.31%	3.46%	1.82%	-0.01%	1.44%	2.42%	7.87%	4.47%	9.56%	5.42%	12.38%	7.44%
	0	6	2	10	10	4	2	52	9	10	16	2	3
Interest	222	5	115	-262	6	5	2	2	2	5	5	0	1
Depreciation	19	17	17	16	16	16	15	7	7	7	7	8	8
Profit before Tax	-230	-11	-123	260	-12	-14	-13	58	6	13	13	17	14
Tax %	34.55%	33.21%	34.16%	35.91%	9.39%	25.07%	2.24%	24.90%	45.76%	36.05%	57.22%	-22.85%	27.72%
Net Profit	-151	-7	-81	167	-11	-11	-12	43	4	8	5	20	10
	-26.36	-1.27	-14.14	29.19	-1.84	-1.89	-2.15	7.56	0.50	1.08	0.69	2.63	1.32

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	5,905	5,608	5,766	6,041	3,904	2,020	1,736	1,547	1,011	731	667
	5,222	4,991	5,117	5,331	3,796	2,004	1,699	1,525	983	710	608
Operating Profit	683	616	650	710	109	16	38	21	28	22	59
OPM %	11.56%	10.99%	11.27%	11.76%	2.79%	0.80%	2.17%	1.37%	2.76%	2.96%	8.80%
	98	162	136	112	62	49	11	41	18	67	31
Interest	429	445	452	471	513	635	746	837	80	16	12
Depreciation	204	198	183	168	137	124	104	85	69	54	30
Profit before Tax	148	135	151	184	-479	-694	-801	-860	-103	19	57
Tax %	28.42%	10.63%	22.51%	33.27%	33.74%	33.55%	34.31%	41.15%	30.51%	49.24%	21.44%
Net Profit	106	120	117	123	-317	-461	-526	-506	-72	10	45
EPS	21.45	24.31	23.64	22.01	-55.56	-80.67	-92.10	-88.59	-12.58	1.43	—
Dividend Payout %	2.33%	2.06%	2.11%	2.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -18%
5 Years:: -28%
3 Years:: -25%

COMPOUNDED PROFIT GROWTH

10 Years:: -17%
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: -2%
5 Years:: 48%
3 Years:: 70%
1 Year:: -6%

RETURN ON EQUITY

10 Years:: -19%
5 Years:: -41%
3 Years:: -41%
Last Year:: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	10	10	10	11	11	11	11	11	11	13
	1,415	1,520	1,625	1,996	1,760	1,274	758	275	207	495
	3,368	3,319	3,534	3,379	3,803	4,539	5,284	5,989	7,115	1,950
Trade Payables	1,527	1,712	1,987	2,135	1,694	1,565	1,525	1,485	1,351	660
	1,596	1,955	2,176	2,096	1,868	1,550	1,576	1,610	644	503
Total Liabilities	7,916	8,516	9,331	9,617	9,137	8,939	9,155	9,371	9,329	3,621
	1,281	1,173	1,098	1,018	887	742	625	530	461	239
Capital Work in Progress	12	11	10	8	9	3	2	2	3	0
	128	134	134	130	115	115	89	87	87	87
	728	746	756	774	521	454	395	319	293	98
	0	0	0	0	0	0	0	0	1,262	588
Cash & Bank	23	33	105	111	71	45	21	53	58	83
	5,743	6,418	7,229	7,577	7,533	7,580	8,024	8,379	7,165	2,526
Total Assets	7,916	8,516	9,331	9,617	9,137	8,939	9,155	9,371	9,329	3,621

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	408	657	465	67	2	-537	-456	-367	-80	176
Cash from Investing	-172	-117	-157	-71	130	78	22	37	2	-24
Cash from Financing	-245	-515	-179	37	-160	394	407	344	83	-128
	-9	9	71	-2	-36	-19	-24	33	5	25

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	21.46	24.32	23.65	21.45	-55.55	-80.66	-92.09	-88.58	-12.58	1.43
Book Value (₹)	288.17	309.46	330.54	351.29	310.00	224.97	134.72	50.08	38.14	75.55
Dividend per Share (₹)	0.50	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	62.63	64.31	60.75	50.79	-31.56	-58.90	-73.89	-73.71	-0.48	9.50
PROFITABILITY
Operating Margin %	13.22%	13.87%	13.63%	13.61%	4.39%	3.24%	4.24%	4.02%	2.76%	2.96%
Net Margin %	1.80%	2.14%	2.03%	2.03%	-8.13%	-22.82%	-30.31%	-32.73%	-7.11%	1.32%
ROE %	7.40%	8.14%	7.39%	6.73%	-16.80%	-30.15%	-51.21%	-95.87%	-28.52%	2.65%
ROCE %	12.16%	11.98%	12.02%	12.26%	0.62%	-1.03%	-0.93%	-0.37%	-0.34%	0.68%
	1.34%	1.46%	1.31%	1.29%	-3.39%	-5.10%	-5.82%	-5.47%	-0.77%	0.15%
EFFICIENCY
Debtor Days	107	92	94	86	129	242	276	308	460	462
Inventory Days	52	48	48	46	61	88	89	84	110	97
Payable Days	300	352	345	346	538	732	1162	1271	2541	3090
	-142	-213	-203	-215	-348	-401	-797	-878	-1971	-2530
FINANCIAL HEALTH
Debt to Equity (x)	2.39x	2.17x	2.16x	1.72x	2.15x	3.53x	6.86x	20.92x	32.95x	4.29x
Interest Coverage (x)	1.35x	1.30x	1.33x	1.39x	0.07x	-0.09x	-0.07x	-0.03x	-0.29x	2.22x
	1.12x	1.14x	1.15x	1.18x	1.12x	1.01x	0.93x	0.87x	0.87x	1.60x
GROWTH
Revenue Growth %	5.79%	-5.03%	2.83%	4.77%	-35.37%	-48.26%	-14.05%	-10.93%	-34.63%	-27.66%
Operating Profit Growth %	26.91%	-0.39%	1.06%	4.62%	-79.17%	-61.77%	12.37%	-15.54%	-26.46%	63.00%
Net Profit Growth %	69.97%	13.34%	-2.76%	4.80%	-359.03%	-45.20%	-14.17%	3.81%	85.80%	113.40%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	85.80%	111.38%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	224.83x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.69x	4.26x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	168.75x	57.20x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	49.82	49.82	49.82	42.35	36.95	35.99	35.99	35.99	35.99
	0.37	0.42	0.46	0.62	0.60	0.44	0.38	0.49	0.39
	0.94	0.67	0.00	0.00	3.39	5.65	5.80	5.81	6.59
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	48.87	49.09	49.71	42.03	59.07	57.90	57.82	57.70	57.02

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-30

Copy of Newspaper Publication

2026-08-30 - Simplex Infrastructures Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-29

Record Date

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

Shareholders meeting

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

Copy of Newspaper Publication

2026-08-27 - Simplex Infrastructures Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Copy of Newspaper Publication

2026-08-12 - Simplex Infrastructures Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-11

Statement of deviation(s) or variation(s) under Reg. 32

2026-08-11 - Simplex Infrastructures Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

2026-08-11

Monitoring Agency Report

2026-08-11 - submission of Monitoring Agency Report for Quarter ended 30-06-2026

2026-08-11

Outcome of Board Meeting

2026-08-11 - Simplex Infrastructures Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-05

Copy of Newspaper Publication

2026-08-05 - Simplex Infrastructures Limited has informed the Exchange about Copy of Newspaper Publication

News

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