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Simplex Castings Ltd. Stock Analysis

Small Cap
Evaluated by 157 users | BSE: 513472 | NSE: SIMPLEXCAS |
Castings/Forgings
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 14.58%16.77%14.58%10.13%7.49%8.05%8.86%7.23%7.01%-2.7%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 164203217203159170215220222183
Y-o-Y Gr. Rt.-23.8%6.9%-6.6%-21.9%7%26.3%2.6%0.8%-17.6%
Adjusted EPS (Rs.) 17.9622.7417.59.663.382.278.496.026.41-23.63
Y-o-Y Gr. Rt.-26.6%-23%-44.8%-65%-32.8%274%-29.1%6.5%-468.6%
Book Value per Share (Rs.) 84.47102.3116.78122.67127.56127.23135.04131.79135.07110.19
Adjusted Net Profit 10.813.610.55.821.45.13.63.8-14.5
Net Op. Cash Flow (Rs. Cr.) 8.312.224.719.634.417.7812.134.2-6.5
Debt to Cash Flow from Ops 7.564.953.564.682.113.779.167.042.6-16.72
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Simplex Castings Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.2%2.9%-5.2%-17.6%
Adjusted EPS -203.1%-247.5%-240.7%-468.6%
Book Value per Share 3-2.9-6.6-18.4
Share Price -14.2% -20.2% -46.2% -24.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 21.1122.6315.117.722.611.746.434.514.58-17.69
Operating Profit Margin (%) 16.1116.5816.114.1714.0313.7310.6210.811.991.15
Net Profit Margin (%) 6.546.694.812.851.280.82.371.631.73-7.92
Debt to Equity 1.240.981.261.250.950.880.911.081.11.6
Working Capital Days 186181207221279285243244274381
Cash Conversion Cycle 121108931031351297590107132
Entity Percentage Holding
Promoters 56.54%
Non-Institutions 43.46%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Simplex Castings Ltd.'s performance infers:

Simplex Castings Ltd. earnings have declined by -247.5%, whereas share price has depreciated -20.2% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Simplex Castings Ltd. share prices over the last 10 years. Here is what we found out:

Simplex Castings Ltd. share price has depreciated -16.1% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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