Simplex Castings Ltd

Simplex Castings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Simplex Castings Ltd

₹ 193 3.32%
24 Apr 4:01 p.m.
simplexcastings.com BSE: 513472
About

Incorporated in 1980, Simplex Castings Ltd manufactures SG Iron, Steel, Special Alloy Castings, C.I. Castings and Equipment.

Key Points

Business Overview:[1]
Company manufactures iron and steel casting products at its two manufacturing units in Bhilai and Tedsara. These facilities include Cast Iron Foundry, Heavy Engineering and Fabrication Plant, etc. Company provides engineering components, castings, forging, fabrication, machining, assembly, equipment building, in-house testing, EPC division and Designing facility.

Website BSE
  • Market Cap ₹ 118 Cr.
  • Current Price ₹ 193
  • High / Low ₹ 196 / 37.1
  • Stock P/E
  • Book Value ₹ 50.8
  • Dividend Yield 0.00 %
  • ROCE 10.1 %
  • ROE 10.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 83.9 to 45.9 days.
  • Company's working capital requirements have reduced from 203 days to 131 days

Cons

  • Stock is trading at 3.72 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.38% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
13.81 39.49 18.05 19.56 22.69 31.54 16.19 25.70 30.28 44.44 34.70 26.48 29.48
11.04 29.32 14.83 15.98 19.39 26.05 12.43 21.07 27.03 41.46 31.98 23.59 25.63
Operating Profit 2.77 10.17 3.22 3.58 3.30 5.49 3.76 4.63 3.25 2.98 2.72 2.89 3.85
OPM % 20.06% 25.75% 17.84% 18.30% 14.54% 17.41% 23.22% 18.02% 10.73% 6.71% 7.84% 10.91% 13.06%
3.84 0.58 0.44 0.09 0.06 0.24 -13.86 6.74 -13.44 0.60 1.11 0.73 0.34
Interest 2.26 2.94 2.08 2.06 1.78 2.86 2.13 2.17 1.81 2.26 2.08 2.16 2.44
Depreciation 1.63 1.63 1.45 1.46 1.46 1.24 1.46 1.46 1.49 0.79 1.11 1.13 1.12
Profit before tax 2.72 6.18 0.13 0.15 0.12 1.63 -13.69 7.74 -13.49 0.53 0.64 0.33 0.63
Tax % 20.22% 30.58% 53.85% 26.67% 16.67% 22.70% 24.91% 27.39% 16.53% 303.77% 29.69% 36.36% 23.81%
2.18 4.29 0.05 0.11 0.10 1.25 -10.27 5.63 -11.26 -1.09 0.44 0.21 0.48
EPS in Rs 3.56 7.00 0.08 0.18 0.16 2.04 -16.75 9.18 -18.37 -1.78 0.72 0.34 0.78
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
217 203 158 167 208 220 222 107 54 81 92 117 135
182 175 137 144 187 199 196 106 95 68 76 102 123
Operating Profit 35 28 22 23 21 21 26 1 -41 13 16 15 12
OPM % 16% 14% 14% 14% 10% 10% 12% 1% -75% 16% 17% 13% 9%
1 1 1 1 3 2 1 2 17 5 1 -20 3
Interest 15 16 14 15 12 11 12 8 10 10 9 8 9
Depreciation 5 6 6 8 7 8 12 15 7 6 6 5 4
Profit before tax 16 7 3 1 5 4 3 -20 -40 1 2 -19 2
Tax % 33% 32% 45% -11% 33% 40% -2% 21% 29% 31% 25% 10%
11 5 2 1 4 2 3 -16 -29 1 2 -17 0
EPS in Rs 17.68 8.29 2.56 1.99 5.95 3.74 5.60 -25.80 -46.57 1.65 2.48 -27.71 0.06
Dividend Payout % 14% 12% 20% 0% 8% 13% 9% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: -12%
3 Years: 29%
TTM: 30%
Compounded Profit Growth
10 Years: -2%
5 Years: 4%
3 Years: 29%
TTM: -104%
Stock Price CAGR
10 Years: 18%
5 Years: 25%
3 Years: 136%
1 Year: 342%
Return on Equity
10 Years: -4%
5 Years: -15%
3 Years: 3%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 67 70 73 71 75 73 75 61 38 39 41 24 25
88 92 73 67 73 85 89 80 68 75 67 66 65
74 62 78 93 82 72 128 165 55 52 65 52 59
Total Liabilities 235 230 230 236 237 235 298 312 167 173 180 148 155
84 87 87 79 74 72 98 56 53 46 43 39 38
CWIP 5 4 1 1 0 5 16 0 1 2 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
147 138 142 157 162 158 183 256 113 124 137 109 117
Total Assets 235 230 230 236 237 235 298 312 167 173 180 148 155

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
25 20 34 18 8 12 34 -6 -32 -0 19 12
-23 -6 -3 -1 -5 -13 -33 -1 83 3 -0 -1
-1 -13 -32 -18 -3 0 0 7 -50 -3 -20 -10
Net Cash Flow 1 1 -0 -1 -1 -0 1 -1 0 -0 -1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 84 89 79 75 90 108 100 299 139 99 107 46
Inventory Days 191 188 343 318 171 157 245 276 408 517 561 336
Days Payable 125 99 169 177 140 119 233 498 298 260 260 183
Cash Conversion Cycle 150 178 254 215 122 146 113 76 250 356 408 199
Working Capital Days 82 99 105 91 90 110 103 330 242 255 224 131
ROCE % 21% 14% 11% 11% 11% 9% 9% -7% -22% 8% 9% 10%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.54% 56.54% 56.54% 56.54% 56.54% 56.55% 56.51% 56.51% 56.53% 56.53% 56.53% 56.53%
43.46% 43.46% 43.46% 43.46% 43.46% 43.44% 43.49% 43.49% 43.46% 43.47% 43.46% 43.48%
No. of Shareholders 3,0504,0773,9533,8063,7073,7003,6273,6213,4523,4903,5493,344

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