Company Disclosure

[Company Name] Simplex Castings Limited

Financial Performance Highlights

Full Year FY2025-26 Results:

  • Revenue from Operations: ₹202.90 Crores, showing 18.05% increase from previous year's ₹171.88 Crores
  • EBITDA: ₹37.39 Crores, showing 20.28% increase from previous year's ₹31.08 Crores
  • PAT from Operations: ₹21.26 Crores, showing 40.50% increase from previous year's ₹15.13 Crores
  • PAT Margin: 10.48% compared to 8.80% in previous year
  • Diluted EPS: ₹28.18 compared to ₹21.39 in previous year
  • Cost of Goods Sold: ₹135.43 Crores
  • Employee Cost: ₹9.84 Crores
  • Other Expenses: ₹20.24 Crores
  • Other Income: ₹2.44 Crores
  • Depreciation and Amortization: ₹3.72 Crores
  • Finance Cost: ₹6.83 Crores
  • Tax Expenses: ₹7.16 Crores

Q4 FY2025-26 Results:

  • Revenue from Operations: ₹54.76 Crores, showing 15.21% increase from Q3's ₹47.53 Crores
  • EBITDA: ₹10.88 Crores, showing 41.24% increase from Q3's ₹7.70 Crores
  • EBITDA Margin: 19.87% compared to 16.21% in Q3
  • PAT from Operations: ₹6.18 Crores, showing 29.87% increase from Q3's ₹4.76 Crores
  • PAT Margin: 11.29% compared to 10.02% in Q3
  • Diluted EPS: ₹8.19 compared to ₹6.33 in Q3

Balance Sheet Position (as of FY2026)

  • Total Non-Current Assets: ₹735.56 Crores
  • Inventories: ₹73.19 Crores
  • Trade Receivables: ₹40.22 Crores
  • Cash and Cash Equivalents: ₹0.80 Crores
  • Other Current Assets: ₹8.66 Crores
  • Total Current Assets: ₹123.57 Crores
  • Shareholder's Fund: ₹113.58 Crores
  • Long Term Borrowings: ₹14.89 Crores
  • Short Term Borrowings: ₹35.28 Crores
  • Total Equity & Liabilities: ₹197.13 Crores

Strategic Developments and Operational Highlights

RDSO Approval:

  • Received Research Designs and Standards Organisation (RDSO) approval for cast steel bogies and related components
  • Approval marks strategic re-entry into railway wagon segment
  • Quality audit conducted successfully on 05-06-2023
  • Registration validity extended for Class 'A' Foundry as per IS 12117:1996
  • Next Quality Audit due on 04-05-2026

Order Book Updates:

  • Received ₹23.13 Crore order from SMS India Pvt Ltd for steel and metallurgical equipment
  • Secured ₹13.02 Crore order from ThyssenKrupp for coke oven doors
  • Received ₹7.26 Crore order from Bharat Heavy Electricals Limited, Varanasi for cast components
  • Quarterly Order Book: ₹100+ Crores

Manufacturing Capabilities:

  • 60-year old company with 30+ acres manufacturing facilities
  • Heavy Engineering & Fabrication Division capacity: 15,000+ MTPA
  • Ferrous Foundry Division capacity: 21,000+ MTPA
  • Total employees: 1000+
  • Facilities located in Bhilai and Tedesara
  • Export countries include Russia, Ukraine, Brazil, France, Venezuela, Italy, Spain, Egypt, Australia, Canada, Japan, Taiwan

Historical Manufacturing Achievements:

  • Manufactured and supplied more than 12,000 Railway Bogies worldwide
  • Manufactured and supplied more than 500 defence products across India
  • Manufactured and supplied more than 10,000 Coke Oven Batteries across India
  • Supplied more than 17,000 batteries to foreign clients
  • World's Largest Manufacturer of Coke Oven Doors
  • Bharat's Top 2 manufacturers of Torpedo Ladle Cars
  • Bharat's First Developer and Largest Suppliers of SG Iron Stave Cooler for Blast Furnace
  • Bharat's Largest Manufacturer of SG Iron Sinter Car

Growth Strategy and Future Outlook

Revenue Target:

  • Targeting revenue milestone of ₹500 Crores by end of FY28
  • Committed to sustaining consistent 10% PAT margin

Growth Triggers:

  • Strengthening railway projects with RDSO certification participation
  • Developing capabilities in precision castings for Defence and Shipbuilding Sector
  • Partnerships with major shipbuilders including GRSE
  • Strategic expansion in water & industrial infrastructure including D.I. pipe fittings
  • Entry into centrifugally cast rolls to boost margins
  • Establishment of innovation center for advanced R&D
  • Evaluating inorganic acquisitions in allied casting and engineering segments

Cash Flow Management:

  • Empanelled on Invoicemart (TReDS platform) to accelerate receivable realization
  • Implementing receivables-backed funding through TReDS
  • Achieving ~50% lower borrowing cost of funds compared to traditional bank funding
  • No collateral, no incremental on-balance-sheet debt
  • Reduction in overall borrowings achieved during the year

Industry Overview

  • Primary sectors served: Steel (60% of turnover), Railways (20%), Defence (20%)
  • Target revenue mix by FY28: Railways (40%), Steel (40%), Defence (10-12%), Cement/Power/Energy/Mining/Oil & Gas (8-10%)
  • Key growth drivers: Infrastructure, urbanization, industrial capex growth, rising demand from automotive, railways, construction, defense, and renewable energy sectors

Management Team

  • Mr. Ketan Shah: Chairman and Executive Director (Bachelor Degree in Mechanical Engineering, Postgraduate Degree in Business Management)
  • Dr. Sangeeta K Shah: Managing Director (Master Degree in Business Administration)
  • Mr. Sajal Ghosh: Executive Director
  • Ms. Indu Nagar: Independent Director
  • Mr. Shailesh Jain: Independent Director
  • Mr. Champak Dedhia: Independent Director
  • Ms. Avinash Hariharno: Chief Financial Officer
  • Ms. Sakshi Jain: Company Secretary