Is Simplex Castings a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Simplex Castings Ltd is a below average quality company .

Is Simplex Castings undervalued or overvalued?

The key valuation ratios of Simplex Castings Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Simplex Castings share price return in the past 10 years?

Simplex Castings Ltd share price has appreciated 21.5% annually (CAGR) over the past ten years.

Is Simplex Castings a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Simplex Castings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Simplex Castings Ltd - Stock Valuation and Financial Performance

Name: Simplex Castings
Brand: Simplex Castings

BSE: 513472 | NSE: SIMPLEXCAS | Castings/Forgings | Small Cap

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Simplex Castings Share Price

₹312.10 0.00 0.00%
as on 18-Oct'24 11:14

10 Year X-Ray of Simplex Castings:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	11.1%	11.4%	9.4%	8.7%	-6.8%	-22.6%	10%	9.2%	-10%	11.7%	-
Value Creation Index ⓘ	-0.2	-0.2	-0.3	-0.4	-1.5	-2.6	-0.3	-0.3	-1.7	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	170	215	220	222	183	55.8	80.6	91.8	117	122	115
Sales YoY Gr.	-	26.3%	2.6%	0.8%	-17.6%	-69.5%	44.4%	14%	27%	4.7%	-
Adj EPS ⓘ	2.3	8.5	6	6.4	-25.3	-45	-1.3	2.4	-3.6	3.5	5.3
YoY Gr.	-	274%	-29.1%	6.5%	-494.4%	NA	NA	NA	-251.7%	NA	-
BVPS (₹) ⓘ	127.2	135	131.8	135.1	110.2	71.8	74.2	77.7	49.7	54.1	59.5
Adj Net Profit ⓘ	1.4	5.1	3.6	3.8	-15.5	-27.6	-0.8	1.5	-2.2	2.2	4
Cash Flow from Ops. ⓘ	17.7	8	12.1	34.2	-6.5	-32.4	-0.4	19	11.9	-3	-
Debt/CF from Ops. ⓘ	3.8	9.2	7	2.6	-12.3	-2.1	-210.7	3.5	5.5	-24.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-3.6%	-7.8%	14.9%	4.7%
Adj EPS ⓘ	5%	NA	NA	NA
BVPSⓘ	-9.1%	-13.3%	-10%	8.7%
Share Price	21.5%	65.6%	96.2%	506%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	1.7	6.4	4.5	4.6	-18.9	-46.4	-1.8	3.1	-5.6	6.8	9.3
Op. Profit Mgn % ⓘ	13.7	10.6	10.8	12	0.4	-75.7	15.7	16	10.9	11.3	13.5
Net Profit Mgn % ⓘ	0.8	2.4	1.6	1.7	-8.5	-49.4	-1	1.6	-1.9	1.8	3.1
Debt to Equity ⓘ	0.9	0.9	1.1	1.1	1.2	1.5	1.6	1.4	2.2	2.2	-
Working Cap Days ⓘ	285	243	244	274	427	1,123	456	448	327	278	155
Cash Conv. Cycle ⓘ	129	75	90	107	88	369	159	204	164	136	16

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.30%

Sales growth is growing at healthy rate in last 3 years 14.88%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 2.16

Sales growth is not so good in last 4 quarters at -12.39%

Latest Financials - Simplex Castings Ltd.

	Standalone	Consolidated
TTM EPS (₹)	5.3	18.1
TTM Sales (₹ Cr.)	115	90.9
BVPS (₹.) ⓘ	59.5	0
Reserves (₹ Cr.) ⓘ	34	44
P/BV ⓘ	5.25	0.00
PE ⓘ	59.31	17.29

From the Market
52 Week Low / High (₹)	46.50 / 348.00
All Time Low / High (₹)	1.00 / 348.00
Market Cap (₹ Cr.)	212
Equity (₹ Cr.)	6.8
Face Value (₹)	10
Industry PE ⓘ	35.9

Management X-Ray of Simplex Castings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Simplex Castings

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Simplex Castings

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	170	215	220	222	183	56	81	92	117	122
Operating Expenses ⓘ	147	194	199	196	183	98	68	77	104	109
Manufacturing Costs	36	47	43	36	16	10	4	5	20	19
Material Costs	83	111	128	127	124	42	40	46	63	66
Employee Cost	15	15	18	16	17	15	13	13	12	10
Other Costs ⓘ	12	21	10	17	25	31	11	13	9	14
Operating Profit ⓘ	23	21	21	26	0	-42	13	15	13	13
Operating Profit Margin (%)	13.6%	9.6%	9.6%	11.6%	0.1%	-75.9%	15.7%	16.0%	10.9%	10.4%
Other Income ⓘ	1	3	2	2	4	22	2	2	3	2
Interest ⓘ	15	12	11	12	14	10	10	9	8	9
Depreciation ⓘ	8	7	8	12	15	8	6	6	5	4
Exceptional Items ⓘ	0	0	0	0	0	-2	3	0	-21	1
Profit Before Tax ⓘ	1	5	4	3	-25	-40	1	2	-19	3
Tax ⓘ	0	2	1	0	-9	-11	0	1	-2	1
Profit After Tax	1	4	2	3	-16	-29	1	2	-17	2
PAT Margin (%)	0.7%	1.7%	1.0%	1.5%	-8.6%	-51.2%	1.3%	1.7%	-14.6%	2.0%
Adjusted EPS (₹)	2.0	6.0	3.7	5.6	-25.8	-46.6	1.7	2.5	-27.7	3.9
Dividend Payout Ratio (%)	0%	8%	13%	9%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	77	81	79	81	68	44	45	48	30	33
Share Capital ⓘ	6	6	6	6	6	6	6	6	6	6
Reserves ⓘ	71	75	73	75	61	38	39	41	24	27
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	62	71	79	82	78	67	74	63	62	70
Long Term Debt	17	21	31	29	24	23	31	27	26	25
Short Term Debt	44	50	48	53	54	44	44	36	36	45
Trade Payables	40	43	42	82	95	35	28	33	31	19
Others Liabilities ⓘ	57	42	35	53	70	8	12	24	10	12
Total Liabilities ⓘ	236	237	235	298	311	154	160	168	134	135
Fixed Assets
Gross Block	171	173	77	116	71	78	75	78	78	71
Accumulated Depreciation	92	99	8	20	18	25	31	36	41	37
Net Fixed Assetsⓘ	79	74	69	96	53	53	44	41	37	34
CWIP ⓘ	1	0	5	16	0	1	2	0	0	0
Investmentsⓘ	0	0	3	3	3	0	0	0	0	0
Inventories	72	52	55	86	52	48	56	71	58	59
Trade Receivables	34	51	65	61	88	21	22	27	15	25
Cash Equivalents	3	2	2	3	6	5	5	5	5	3
Others Assetsⓘ	47	56	36	33	108	27	30	23	20	14
Total Assets ⓘ	236	237	235	298	311	154	160	168	134	135

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	18	8	12	34	-6	-32	0	19	12	-3
PBT ⓘ	1	5	4	3	-19	-57	1	2	-19	3
Adjustment ⓘ	18	15	21	25	23	23	16	13	9	8
Changes in Working Capital ⓘ	-1	-11	-10	6	-27	5	-18	4	22	-14
Tax Paid ⓘ	0	-1	-2	0	0	0	0	0	0	0
Cash Flow From Investing Activity ⓘ	-1	-5	-13	-33	-1	83	3	0	-1	5
Capex	-1	-5	-10	-34	0	-3	-1	-1	-1	3
Net Investments	0	0	-2	-1	0	0	1	0	0	1
Others ⓘ	0	0	-1	1	0	86	3	0	1	1
Cash Flow From Financing Activityⓘ	-18	-3	0	0	7	-50	-3	-20	-10	-2
Net Proceeds from Shares ⓘ	0	0	0	0	2	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-7	5	13	0	4	-2	7	-3	-1	-1
Interest Paid ⓘ	-12	-10	-11	-12	-8	-9	-10	-9	-8	-9
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	1	1	-2	12	10	-39	0	-7	0	7
Net Cash Flow ⓘ	-1	-1	0	1	-1	0	0	-1	1	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	1.57	4.53	2.8	4.2	-21.33	-51.19	2.26	3.27	-43.5	7.52
ROCE (%)	11.05	11.41	9.43	8.73	-6.75	-22.61	10	9.21	-9.99	11.67
Asset Turnover Ratio	0.8	1	1	0.84	0.6	0.24	0.51	0.56	0.77	0.91
PAT to CFO Conversion(x)	18	2	6	11.33	N/A	N/A	0	9.5	N/A	-1.5
Working Capital Days
Receivable Days	67	66	90	102	148	355	97	97	65	59
Inventory Days	143	96	83	115	138	327	235	253	202	174
Payable Days	168	136	120	178	260	559	289	241	188	139

Simplex Castings Ltd Stock News

Simplex Castings Ltd FAQs

What is the share price of Simplex Castings?

Company share prices are keep on changing according to the market conditions. The closing price of Simplex Castings on 18-Oct-2024 11:14 is ₹312.1.

What is the market cap of Simplex Castings?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Oct-2024 11:14 the market cap of Simplex Castings stood at ₹211.7.

What is the P/E ratio of Simplex Castings?

The latest P/E ratio of Simplex Castings as of 18-Oct-2024 11:14 is 59.31.

What is the P/B ratio of Simplex Castings?

The latest P/B ratio of Simplex Castings as of 18-Oct-2024 11:14 is 5.25.

What is the 52-week high and low of Simplex Castings?

The 52-week high of Simplex Castings is ₹348.0 and the 52-week low is ₹46.50.

What is the TTM revenue of Simplex Castings?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Simplex Castings is ₹114.9 ( Cr.) .

About Simplex Castings Ltd

Simplex Castings was incorporated as a private limited company on January 30, 1980 as per the provisions of the Companies Act 1956. It was converted into a public limited company in March 1993.

Simplex Castings a Simplex Group company is engaged in manufacturing of engineering castings in various grades for core industrial sector like steel, power, railroad equipment, mining, cement, defence, sugar and other specialized areas in as cast, machined and in assembled condition. Simplex Group of Industries is one of the leading Indian manufacturers of different engineering products, castings and equipments for all core industrial sectors for the last 50 years. With 50 years of engineering experience, technical know - how coupled with modern design, manufacturing & NDT facilities, Simplex has become synonym of high quality products. Simplex Castings consists of two major units one heavy grey iron unit and other heavy steel casting foundry. To balance the facilities both the units have been equipped with machine moulding lines also. Both the foundries have their own experienced pattern makers with pattern shop which are fully equipped with various wood working machines. The experienced pattern inspector ensure the quality of patterns.

Both the foundries have in-house facilities for stress relieving, normalising, quenching etc. to achieve the properties of castings as per technical delivery conditions.

The foundries and the Group Company 'Simplex Engineering' are equipped with 350 sophisticated machine tools comprising of horizontal & vertical boring machines, milling machines, CNC lathes, radial drilling machines, plano millers and tool planners backed by 3000 experienced and professional work force. To match the exact machining requirement of the product they also deliver the castings in proof machined as well as in finish machined condition.

Product range of the company includes:

Ingot Mould
Sprocket
Counter Weight for Fork Lift
Wheel Hub for 250 m Model Truck

Achievements/ recognition:

The company's products are accepted by inspection agencies such as Lloyds, Rites, RDSO, SGS, Bureau Veritas and other such international inspection agencies.