Simplex Castings Ltd.

•

₹ 84.07%

2015-01-07

simplexcastings.comBSE: -NSE: SIMPLEXCAS

Market Cap₹ 451 Cr.

Current Price₹ 8

High / Low₹ 42 / 38

Stock P/E36.8

Book Value—

Price to Book0.21

Dividend Yield0.00 %

ROCE10.0 %

ROE2.4 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

PROS

Latest quarter profit grew 103.0% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.90x)
Institutional investors have been accumulating - FII+DII up 7.5pp
Company generates healthy free cash flow

CONS

Company has a high debt-to-equity of 1.64x
A large part of profit comes from other income (178.2% of PBT)
Company has a low return on equity of -24.2% over last 3 years
Company has a low return on capital employed of -6.6%
Interest coverage is weak at 1.1x - earnings barely cover interest
Operating cash flow has been negative in recent years

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

Peer comparison

EDIT COLUMNS

Capital GoodsAutomobile & AncillariesCastings/Forgings

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	AIAENG	4385.25	32.32	40923.32	0.36	300.99	-1.37	1168.02	13.84	19.20	26.89
2.	PTCIL	19535.00	233.19	29287.94	0.00	29.19	466.19	191.80	97.42	7.66	25.49
3.	STEELCAS	357.70	0.00	3619.92	0.48	23.71	19.28	124.82	16.99	32.41	25.63
4.	ALICON	753.15	33.80	1236.06	0.27	114.46	1128.90	5780.06	1279.12	11.84	9.38
5.	NELCAST	117.85	24.97	1025.31	0.59	5.14	-58.92	341.05	2.77	11.46	4.62
6.	SGIL	553.00	184.59	859.53	0.00	-10.11	—	75.15	-22.90	9.07	6.30
7.	SIMPLEXCAS	111.55	36.85	451.24	0.00	0.80	102.97	195.62	-5.47	24.10	18.14

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021
	2,131	301	178	138	164	126	207	138	395	180	196
	2,130	350	314	266	381	166	248	150	296	184	195
Operating Profit	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—
Other Income	38	7	2	13	1	1	5	12	7	5	1
Interest	137	27	25	30	15	24	25	23	29	21	21
Depreciation	152	17	17	12	25	11	16	16	16	15	15
	-250	-86	-134	-132	-217	-39	-36	27	106	2	1
Tax %	36.43%	26.17%	32.88%	15.02%	12.93%	28.09%	24.91%	20.37%	6.35%	43.53%	33.88%
Net Profit	-159	112	-66	-112	-219	-28	-27	21	99	1	1
	-26	18	-11	-18	-36	-5	-4	3	16	0	0
Equity Capital	61	61	61	61	61	61	61	61	61	61	61
Reserves	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	61	61	61	61	61	61	61	61	61	61	61
Reserves	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Mar 2019

: 2,131
: 2,130
Operating Profit: —
OPM %: —
Other Income: 38
Interest: 137
Depreciation: 152
: -250
Tax %: 36.43%
Net Profit: -159
: -26
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2019

: 301
: 350
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 27
Depreciation: 17
: -86
Tax %: 26.17%
Net Profit: 112
: 18
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2019

: 178
: 314
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 25
Depreciation: 17
: -134
Tax %: 32.88%
Net Profit: -66
: -11
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2019

: 138
: 266
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 30
Depreciation: 12
: -132
Tax %: 15.02%
Net Profit: -112
: -18
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2020

: 164
: 381
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 15
Depreciation: 25
: -217
Tax %: 12.93%
Net Profit: -219
: -36
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2020

: 126
: 166
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 24
Depreciation: 11
: -39
Tax %: 28.09%
Net Profit: -28
: -5
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2020

: 207
: 248
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 25
Depreciation: 16
: -36
Tax %: 24.91%
Net Profit: -27
: -4
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2020

: 138
: 150
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 23
Depreciation: 16
: 27
Tax %: 20.37%
Net Profit: 21
: 3
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2021

: 395
: 296
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 29
Depreciation: 16
: 106
Tax %: 6.35%
Net Profit: 99
: 16
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2021

: 180
: 184
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 21
Depreciation: 15
: 2
Tax %: 43.53%
Net Profit: 1
: 0
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2021

: 196
: 195
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 21
Depreciation: 15
: 1
Tax %: 33.88%
Net Profit: 1
: 0
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	TTM
	213	79	87	909
	213	122	74	824
Operating Profit	4	-21	15	—
OPM %	2	-26	17	—
Other Income	4	22	3	25
Interest	14	10	10	93
Depreciation	15	8	6	62
	-25	-40	2	136
Tax %	36	29	30	10
Net Profit	-16	-29	1	122
EPS	-26	-47	2	—
Dividend Payout %	0	0	0	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	-5	-9	0	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	-5	-9	0	—

Mar 2019

: 213
: 213
Operating Profit: 4
OPM %: 2
Other Income: 4
Interest: 14
Depreciation: 15
: -25
Tax %: 36
Net Profit: -16
EPS: -26
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -5

Mar 2020

: 79
: 122
Operating Profit: -21
OPM %: -26
Other Income: 22
Interest: 10
Depreciation: 8
: -40
Tax %: 29
Net Profit: -29
EPS: -47
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -9

Mar 2021

: 87
: 74
Operating Profit: 15
OPM %: 17
Other Income: 3
Interest: 10
Depreciation: 6
: 2
Tax %: 30
Net Profit: 1
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

TTM

: 909
: 824
Operating Profit: —
OPM %: —
Other Income: 25
Interest: 93
Depreciation: 62
: 136
Tax %: 10
Net Profit: 122
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 15%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: -24%
Last Year:: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021
LIABILITIES	-	-	-
Equity Capital	6	6	6
	61	38	39
	55	44	44
Trade Payables	112	41	28
	94	31	42
Total Liabilities	328	160	160
ASSETS	-	-	-
	53	53	46
Capital Work in Progress	0	1	2
	3	0	0
	52	48	56
	0	0	0
Cash & Bank	6	5	5
	213	54	50
Total Assets	328	160	160
Total Debt	80	68	75
Net Working Capital	49	-3	17
Contingent Liabilities	26	26	15
Book Value per Share	110.03	71.57	74.10
Face Value	10.00	10.00	10.00
Total Debt	80	68	75
Net Working Capital	49	-3	17
Contingent Liabilities	26	26	15
Book Value per Share	110.03	71.57	74.10
Face Value	10.00	10.00	10.00

Mar 2019

Equity Capital: 6
: 61
: 55
Trade Payables: 112
: 94
Total Liabilities: 328
: 53
Capital Work in Progress: 0
: 3
: 52
: 0
Cash & Bank: 6
: 213
Total Assets: 328
Total Debt: 80
Net Working Capital: 49
Contingent Liabilities: 26
Book Value per Share: 110.03
Face Value: 10.00
Total Debt: 80
Net Working Capital: 49
Contingent Liabilities: 26
Book Value per Share: 110.03
Face Value: 10.00

Mar 2020

Equity Capital: 6
: 38
: 44
Trade Payables: 41
: 31
Total Liabilities: 160
: 53
Capital Work in Progress: 1
: 0
: 48
: 0
Cash & Bank: 5
: 54
Total Assets: 160
Total Debt: 68
Net Working Capital: -3
Contingent Liabilities: 26
Book Value per Share: 71.57
Face Value: 10.00
Total Debt: 68
Net Working Capital: -3
Contingent Liabilities: 26
Book Value per Share: 71.57
Face Value: 10.00

Mar 2021

Equity Capital: 6
: 39
: 44
Trade Payables: 28
: 42
Total Liabilities: 160
: 46
Capital Work in Progress: 2
: 0
: 56
: 0
Cash & Bank: 5
: 50
Total Assets: 160
Total Debt: 75
Net Working Capital: 17
Contingent Liabilities: 15
Book Value per Share: 74.10
Face Value: 10.00
Total Debt: 75
Net Working Capital: 17
Contingent Liabilities: 15
Book Value per Share: 74.10
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021
	-6	-32	-0
Cash from Investing	-1	83	3
Cash from Financing	7	-50	-3
	-0	0	-0
Free Cash Flow	-6	-40	-1
OCF / Net Profit	0.41	1.13	-0.33
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	0.41	1.13	-0.33
Cumulative 5-Year FCF	0	0	0

Mar 2019

: -6
Cash from Investing: -1
Cash from Financing: 7
: -0
Free Cash Flow: -6
OCF / Net Profit: 0.41
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.41
Cumulative 5-Year FCF: 0

Mar 2020

: -32
Cash from Investing: 83
Cash from Financing: -50
: 0
Free Cash Flow: -40
OCF / Net Profit: 1.13
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.13
Cumulative 5-Year FCF: 0

Mar 2021

: -0
Cash from Investing: 3
Cash from Financing: -3
: -0
Free Cash Flow: -1
OCF / Net Profit: -0.33
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.33
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021
PER SHARE	-	-	-
EPS (₹)	-25.96	-46.61	1.73
Book Value (₹)	110.03	71.57	74.10
Dividend per Share (₹)	0.00	0.00	0.00
Cash EPS (₹)	-0.24	-6.80	2.31
PROFITABILITY	-	-	-
Operating Margin %	0.05%	-53.37%	14.26%
Net Margin %	-7.47%	-35.98%	1.22%
ROE %	-23.59%	-51.33%	2.37%
ROCE %	-7.32%	-22.64%	10.04%
	-4.85%	-11.71%	0.66%
EFFICIENCY	-	-	-
Debtor Days	180	303	103
Inventory Days	90	230	218
Payable Days	266	424	276
	4	108	45
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	1.18x	1.54x	1.64x
Interest Coverage (x)	-0.82x	-3.04x	1.15x
	1.22x	0.97x	1.20x
GROWTH	-	-	-
Revenue Growth %	0.00%	-62.73%	9.06%
Operating Profit Growth %	0.00%	-636.37%	172.41%
Net Profit Growth %	0.00%	-79.56%	103.71%
	0.00%	-79.56%	103.71%
VALUATION	-	-	-
P/E (x)	0.00x	0.00x	8.82x
P/B (x)	0.60x	0.32x	0.21x
Dividend Yield %	0.00%	0.00%	0.00%
	29.36x	-3.69x	5.25x

Mar 2019

EPS (₹): -25.96
Book Value (₹): 110.03
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.24
Operating Margin %: 0.05%
Net Margin %: -7.47%
ROE %: -23.59%
ROCE %: -7.32%
: -4.85%
Debtor Days: 180
Inventory Days: 90
Payable Days: 266
: 4
Debt to Equity (x): 1.18x
Interest Coverage (x): -0.82x
: 1.22x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.60x
Dividend Yield %: 0.00%
: 29.36x

Mar 2020

EPS (₹): -46.61
Book Value (₹): 71.57
Dividend per Share (₹): 0.00
Cash EPS (₹): -6.80
Operating Margin %: -53.37%
Net Margin %: -35.98%
ROE %: -51.33%
ROCE %: -22.64%
: -11.71%
Debtor Days: 303
Inventory Days: 230
Payable Days: 424
: 108
Debt to Equity (x): 1.54x
Interest Coverage (x): -3.04x
: 0.97x
Revenue Growth %: -62.73%
Operating Profit Growth %: -636.37%
Net Profit Growth %: -79.56%
: -79.56%
P/E (x): 0.00x
P/B (x): 0.32x
Dividend Yield %: 0.00%
: -3.69x

Mar 2021

EPS (₹): 1.73
Book Value (₹): 74.10
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.31
Operating Margin %: 14.26%
Net Margin %: 1.22%
ROE %: 2.37%
ROCE %: 10.04%
: 0.66%
Debtor Days: 103
Inventory Days: 218
Payable Days: 276
: 45
Debt to Equity (x): 1.64x
Interest Coverage (x): 1.15x
: 1.20x
Revenue Growth %: 9.06%
Operating Profit Growth %: 172.41%
Net Profit Growth %: 103.71%
: 103.71%
P/E (x): 8.82x
P/B (x): 0.21x
Dividend Yield %: 0.00%
: 5.25x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.39	52.36	52.36	52.36	52.36	53.11	53.11	50.36	50.36
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.94	7.46
	0.00	0.00	0.00	0.00	0.00	0.00	0.07	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	47.61	47.64	47.64	47.64	47.64	46.89	46.82	44.70	42.18

Jun 2024

: 52.39
: 0.00
: 0.00
Government: 0.00
: 47.61

Sep 2024

: 52.36
: 0.00
: 0.00
Government: 0.00
: 47.64

Dec 2024

: 52.36
: 0.00
: 0.00
Government: 0.00
: 47.64

Mar 2025

: 52.36
: 0.00
: 0.00
Government: 0.00
: 47.64

Jun 2025

: 52.36
: 0.00
: 0.00
Government: 0.00
: 47.64

Sep 2025

: 53.11
: 0.00
: 0.00
Government: 0.00
: 46.89

Dec 2025

: 53.11
: 0.00
: 0.07
Government: 0.00
: 46.82

Mar 2026

: 50.36
: 4.94
: 0.00
Government: 0.00
: 44.70

Jun 2026

: 50.36
: 7.46
: 0.00
Government: 0.00
: 42.18

Documents

Announcements

Nothing filed yet.

Annual Reports

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Credit Ratings

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Concalls

Nothing filed yet.