Simplex Castings Ltd - Stock Valuation and Financial Performance

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

Simplex Castings Share Price

156.05 3.05 1.99%
as on 19-Mar'24 13:47

DeciZen - make an informed investing decision on Simplex Castings

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Simplex Castings stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
92.1 Cr.
52-wk low:
37.1
52-wk high:
153

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.5%8.1%8.9%7.2%7%-3.6%-15.5%5.4%6.5%3.6%-
Value Creation
Index
-0.5-0.4-0.4-0.5-0.5-1.3-2.1-0.6-0.5-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 15917021522022218355.880.691.8117135
Sales YoY Gr.-7%26.3%2.6%0.8%-17.6%-69.5%44.4%14%27%-
Adj EPS 3.42.38.566.4-25.3-45-1.32.4-3.40.1
YoY Gr.--32.8%274%-29.1%6.5%-494.4%NANANA-245.8%-
BVPS (₹) 127.6127.2135131.8135.1110.271.874.277.749.752.3
Adj Net
Profit
21.45.13.63.8-15.5-27.6-0.81.5-2.10
Cash Flow from Ops. 34.417.7812.134.2-6.5-32.4-0.41911.9-
Debt/CF from Ops. 2.13.89.272.6-12.3-2.1-210.73.55.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3.4%-12.1%27.8%27%
Adj EPS -200.2%-188.3%NA-245.8%
BVPS-9.9%-18.1%-11.5%-36%
Share Price 16.8% 19.4% 109.4% 222.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.61.76.44.54.6-18.9-46.4-1.83.1-5.40.1
Op. Profit
Mgn %
1413.710.610.8120.4-75.715.71610.99.2
Net Profit
Mgn %
1.30.82.41.61.7-8.5-49.4-11.6-1.80
Debt to
Equity
10.90.91.11.11.21.51.61.42.2-
Working Cap
Days
2792852432442744271,123456448327133
Cash Conv.
Cycle
13512975901078836915920416410

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.10%

Sales growth is growing at healthy rate in last 3 years 27.84%

Sales growth is good in last 4 quarters at 38.91%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 2.15

Latest Financials - Simplex Castings Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 20.3
TTM Sales (₹ Cr.) 135 90.9
BVPS (₹.) 52.3 0
Reserves (₹ Cr.) 25 39
P/BV 2.92 0.00
PE 0.00 7.52
From the Market
52 Week Low / High (₹) 37.10 / 153.00
All Time Low / High (₹) 1.00 / 176.60
Market Cap (₹ Cr.) 92.1
Equity (₹ Cr.) 6
Face Value (₹) 10
Industry PE 32.1

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales158.76169.87214.60220.21221.93182.9855.8180.5691.84116.61
Operating Expenses 137.19146.77193.98199.18196.08182.7898.1767.9477.12103.95
Manufacturing Costs32.8136.0746.9443.1536.0416.249.724.425.3320.38
Material Costs78.0483.31111.01128.12127.12123.8742.2239.6546.4162.60
Employee Cost 14.391515.4317.7316.4117.2515.2712.8312.8511.70
Other Costs 11.9512.4020.6110.1816.5225.4130.9611.0412.559.27
Operating Profit 21.5623.0920.6221.0425.850.20-42.3712.6214.7212.66
Operating Profit Margin (%) 13.6%13.6%9.6%9.6%11.6%0.1%-75.9%15.7%16.0%10.9%
Other Income 1.420.823.171.781.513.7621.622.371.703.27
Interest 14.2015.0411.6111.2911.6313.729.8710.118.788.38
Depreciation 5.987.806.857.8212.4515.187.746.015.615.20
Exceptional Items 000000-1.602.600-21.26
Profit Before Tax 2.801.075.333.713.28-24.94-39.961.472.03-18.90
Tax 1.27-0.121.771.47-0.08-9.12-11.410.460.51-1.91
Profit After Tax 1.531.193.562.243.35-15.82-28.551.011.52-16.99
PAT Margin (%) 1.0%0.7%1.7%1.0%1.5%-8.6%-51.2%1.3%1.7%-14.6%
Adjusted EPS (₹)2.62.06.03.75.6-25.8-46.61.72.5-27.7
Dividend Payout Ratio (%)20%0%8%13%9%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 78.9077.0780.8178.8680.8367.564445.5047.6230.49
Share Capital 5.985.985.985.985.986.136.136.136.136.13
Reserves 72.9271.0974.8272.8874.8461.4337.8739.3741.4924.36
Minority Interest0000000000
Debt65.3861.7370.8379.4381.6478.3767.0974.1863.4162.33
Long Term Debt17.8817.3921.0131.2029.0224.2723.2430.5727.1525.87
Short Term Debt47.5044.3449.8248.2452.6354.1043.8543.6136.2636.46
Trade Payables36.1040.4142.5641.9681.9694.6634.6628.1933.0231.38
Others Liabilities 49.3657.2742.3235.1553.2170.437.8611.8923.819.93
Total Liabilities 229.74236.49236.52235.41297.64311.01153.62159.76167.86134.14

Fixed Assets

Gross Block170.61171.07173.5076.89115.8170.7277.6374.9477.5978.27
Accumulated Depreciation83.3692.4299.268.2020.2717.9225.0830.8836.2840.85
Net Fixed Assets87.2578.6574.2468.6995.5452.8052.5444.0641.3137.42
CWIP 0.760.7705.2416.070.121.142.0700
Investments 0.140.140.143.083.073.360.140.1900.02
Inventories73.4472.4752.1055.4486.4352.4147.5556.1571.3257.70
Trade Receivables34.4334.3151.3864.8960.6087.6920.7921.8526.8614.66
Cash Equivalents 4.383.302.381.722.886.324.915.055.454.64
Others Assets29.3446.8556.2836.3633.05108.3326.5430.3922.9119.70
Total Assets 229.74236.49236.52235.41297.64311.01153.62159.76167.86134.14

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 34.3517.698.0112.0734.22-6.48-32.35-0.3519.0311.86
PBT 2.801.075.333.713.28-18.63-56.761.472.03-18.90
Adjustment 18.9818.1615.4820.9124.7322.5822.8316.0613.039.19
Changes in Working Capital 13.11-1.09-11.48-10.466.33-27.384.53-17.883.9721.57
Tax Paid -0.54-0.45-1.36-2.09-0.120.04-0.34000
Cash Flow From Investing Activity -2.62-0.83-5.17-12.65-33.40-1.0682.603.03-0.04-0.66
Capex -2.67-0.88-5.05-9.90-33.56-0.46-3.42-0.54-0.72-1.30
Net Investments 00-0.12-1.95-0.72-0.490.280.970.19-0.02
Others 0.050.050-0.800.87-0.1185.752.590.490.66
Cash Flow From Financing Activity -32.02-17.95-3.370.450.106.99-49.80-3.03-19.54-9.73
Net Proceeds from Shares 000001.760000
Net Proceeds from Borrowing -11.79-7.165.2913.32-0.273.84-1.807.33-3.41-1.28
Interest Paid -12.32-11.70-9.77-11.29-11.63-8.50-9.04-10.11-8.78-8.38
Dividend Paid -0.61-0.31-0.300-0.30-0.300000
Others -7.301.231.41-1.5812.3010.18-38.96-0.24-7.35-0.07
Net Cash Flow -0.29-1.08-0.52-0.130.92-0.560.45-0.35-0.551.48
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.051.574.532.84.2-21.33-51.192.263.27-43.5
ROCE (%)10.8411.0511.419.438.73-6.75-22.61109.21-9.99
Asset Turnover Ratio0.770.8110.840.60.240.510.560.77
PAT to CFO Conversion(x)22.4514.872.255.3910.21N/AN/A-0.3512.52N/A
Working Capital Days
Receivable Days87676690102148355979765
Inventory Days1351439683115138327235253202
Payable Days156168136120178260559289241188

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 19-Mar-2024 13:47 is ₹156.1.
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 19-Mar-2024 13:47 the market cap of Simplex Castings stood at ₹92.14.
The latest P/E ratio of Simplex Castings as of 19-Mar-2024 13:47 is 0.00.
The latest P/B ratio of Simplex Castings as of 19-Mar-2024 13:47 is 2.92.
The 52-week high of Simplex Castings is ₹153.0 and the 52-week low is ₹37.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Simplex Castings is ₹135.1 ( 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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