Simplex Castings Ltd - Stock Valuation and Financial Performance

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

Simplex Castings Share Price

326.85 7.35 2.30%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Simplex Castings

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Simplex Castings stock performance -

mw4me loader
P/E Ratio (SA):
62.12
Market Cap:
221.7 Cr.
52-wk low:
46.5
52-wk high:
348

Is Simplex Castings Ltd an attractive stock to invest in?

1. Is Simplex Castings Ltd 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.

2. Is Simplex Castings Ltd 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.

3. Is Simplex Castings Ltd 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.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Simplex Castings Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
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 17021522022218355.880.691.8117122115
Sales YoY Gr.-26.3%2.6%0.8%-17.6%-69.5%44.4%14%27%4.7%-
Adj EPS 2.38.566.4-25.3-45-1.32.4-3.63.55.3
YoY Gr.-274%-29.1%6.5%-494.4%NANANA-251.7%NA-
BVPS (₹) 127.2135131.8135.1110.271.874.277.749.754.159.5
Adj Net
Profit
1.45.13.63.8-15.5-27.6-0.81.5-2.22.24
Cash Flow from Ops. 17.7812.134.2-6.5-32.4-0.41911.9-3-
Debt/CF from Ops. 3.89.272.6-12.3-2.1-210.73.55.5-24.3-

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%NANANA
BVPS-9.1%-13.3%-10%8.7%
Share Price 21.9% 61.3% 94.3% 516.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
1.76.44.54.6-18.9-46.4-1.83.1-5.66.89.3
Op. Profit
Mgn %
13.710.610.8120.4-75.715.71610.911.313.5
Net Profit
Mgn %
0.82.41.61.7-8.5-49.4-11.6-1.91.83.1
Debt to
Equity
0.90.91.11.11.21.51.61.42.22.2-
Working Cap
Days
2852432442744271,123456448327278155
Cash Conv.
Cycle
12975901078836915920416413616

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 5.49 0.00
PE 62.12 18.10
From the Market
52 Week Low / High (₹) 46.50 / 348.00
All Time Low / High (₹) 1.00 / 348.00
Market Cap (₹ Cr.) 222
Equity (₹ Cr.) 6.8
Face Value (₹) 10
Industry PE 35.6

Management X-Ray of Simplex Castings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Simplex Castings

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales170215220222183568192117122
Operating Expenses 147194199196183986877104109
Manufacturing Costs364743361610452019
Material Costs831111281271244240466366
Employee Cost 15151816171513131210
Other Costs 1221101725311113914
Operating Profit 232121260-4213151313
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 13224222232
Interest 15121112141010989
Depreciation 878121586654
Exceptional Items 00000-230-211
Profit Before Tax 1543-25-4012-193
Tax 0210-9-1101-21
Profit After Tax 1423-16-2912-172
PAT Margin (%) 0.7%1.7%1.0%1.5%-8.6%-51.2%1.3%1.7%-14.6%2.0%
Adjusted EPS (₹)2.06.03.75.6-25.8-46.61.72.5-27.73.9
Dividend Payout Ratio (%)0%8%13%9%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 77817981684445483033
Share Capital 6666666666
Reserves 71757375613839412427
Minority Interest0000000000
Debt62717982786774636270
Long Term Debt17213129242331272625
Short Term Debt44504853544444363645
Trade Payables40434282953528333119
Others Liabilities 5742355370812241012
Total Liabilities 236237235298311154160168134135

Fixed Assets

Gross Block17117377116717875787871
Accumulated Depreciation9299820182531364137
Net Fixed Assets79746996535344413734
CWIP 10516012000
Investments 0033300000
Inventories72525586524856715859
Trade Receivables34516561882122271525
Cash Equivalents 3223655553
Others Assets475636331082730232014
Total Assets 236237235298311154160168134135

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1881234-6-3201912-3
PBT 1543-19-5712-193
Adjustment 181521252323161398
Changes in Working Capital -1-11-106-275-18422-14
Tax Paid 0-1-20000000
Cash Flow From Investing Activity -1-5-13-33-18330-15
Capex -1-5-10-340-3-1-1-13
Net Investments 00-2-1001001
Others 00-110863011
Cash Flow From Financing Activity -18-3007-50-3-20-10-2
Net Proceeds from Shares 0000200000
Net Proceeds from Borrowing -751304-27-3-1-1
Interest Paid -12-10-11-12-8-9-10-9-8-9
Dividend Paid 0000000000
Others 11-21210-390-707
Net Cash Flow -1-101-100-110
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)1.574.532.84.2-21.33-51.192.263.27-43.57.52
ROCE (%)11.0511.419.438.73-6.75-22.61109.21-9.9911.67
Asset Turnover Ratio0.8110.840.60.240.510.560.770.91
PAT to CFO Conversion(x)182611.33N/AN/A09.5N/A-1.5
Working Capital Days
Receivable Days67669010214835597976559
Inventory Days1439683115138327235253202174
Payable Days168136120178260559289241188139

Simplex Castings Ltd Stock News

Simplex Castings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Simplex Castings on 11-Oct-2024 16:01 is ₹326.9.
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 11-Oct-2024 16:01 the market cap of Simplex Castings stood at ₹221.7.
The latest P/E ratio of Simplex Castings as of 11-Oct-2024 16:01 is 62.12.
The latest P/B ratio of Simplex Castings as of 11-Oct-2024 16:01 is 5.49.
The 52-week high of Simplex Castings is ₹348.0 and the 52-week low is ₹46.50.
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.

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