Simplex Projects Ltd Stock Analysis

BSE: 532877 | NSE: SIMPLEX | Construction - Real Estate | Small Cap

BSE Share Price 13-Dec-2021 18:01
10.45 0.00 (0.00%)

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Simplex Projects Price Chart

P/E Ratio (SA) :
4.42
Market Cap :
13.2 Cr.
52-wk low :
10.5
52-wk high :
11.6
Bole Toh?

1. Is Simplex Projects Ltd a good quality company?

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

2. Is Simplex Projects Ltd undervalued or overvalued?

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

3. Is Simplex Projects Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Simplex Projects 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 Projects:

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 Projects 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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
ROCE % 11.7%5.7%5.8%6.2%1%-3.9%4.5%0.9%0.6%0.4%-
Value Creation Index -0.2-0.6-0.6-0.6-0.9-1.3-0.7-0.9-1.0-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 626441427548383398482256253155170
YoY Gr. Rt. %--29.6%-3.1%28.3%-30.1%3.9%21%-46.8%-1.5%-38.5%-
Adj EPS 25.63.946.3-28.7-65.73.91.71.30.72.4
YoY Gr. Rt. %--85%3.6%57.8%-555%NANA-56.2%-22.5%-49.6%-
BVPS (₹) 168.2170.9174.2168.2148.29490.194.999.9108.168
Adj Net Profit 32.34.958-36.2-82.84.92.11.70.83
Cash Flow from Ops. -76.5-39.5-36.446.37.6-68.927.735.4-79.9-97.9-
Debt/CF from Ops. -4.4-8.7-11.1960.6-8.621.916.1-8.3-7.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -14.4%-16.5%-31.4%-38.5%
Adj EPS -33.4%NA-44.5%-49.6%
BVPS -4.8-6.16.38.2
Share Price -14.2% -23.5% -2.7% -4.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
Return on Equity % 16.62.32.33.7-18.2-54.34.21.81.40.62.7
Op. Profit Mgn % 1211.912.610.68.42.89.86.45.58.97.9
Net Profit Mgn % 5.21.11.21.5-9.4-20.810.80.70.51.8
Debt to Equity 1.61.61.822.555.34.85.35.7-
Working Cap Days 4219451,1019841,5471,5761,3122,4872,6134,4760
Cash Conv. Cycle 2976888377341,1351,1891,0771,5961,1842,1710

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.70%

Sales growth is good in last 4 quarters at 181.78%

Sales growth has been subdued in last 3 years -31.43%

Net Profit has been subdued in last 3 years -44.50%

Debt to equity has increased versus last 3 years average to 5.70

Latest Financials - Simplex Projects Ltd.

Standalone Consolidated
TTM EPS (₹) 2.4 2.2
TTM Sales (₹ Cr.) 170 170
BVPS (₹.) 68 64.8
Reserves (₹ Cr.) 73 69
P/BV 0.15 0.16
PE 4.42 4.79
From the Market
52 Week Low / High (₹) 10.45 / 11.56
All Time Low / High (₹) 7.21 / 486.00
Market Cap (₹ Cr.) 13.2
Equity (₹ Cr.) 12.6
Face Value (₹) 10
Industry PE 41.5

Management X-Ray of Simplex Projects :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *62.4262.4229.9729.9729.9729.9729.9729.9729.9729.97
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Simplex Projects

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Simplex Projects Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Simplex Projects on 13-Dec-2021 18:01 is : 10.45.
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 13-Dec-2021 18:01 the market cap of Simplex Projects stood at ₹ 13.17.
The latest PE ratio of Simplex Projects as of 13-Dec-2021 18:01 is 4.42.
The latest PB ratio of Simplex Projects as of 13-Dec-2021 18:01 is 0.15
The 52-week high of Simplex Projects is ₹ 11.56 and the 52-week low is ₹ 10.45.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Simplex Projects is ₹ 169.5 ( Cr.) .

About Simplex Projects Ltd

Simplex Projects (SPL) was incorporated in the year 1990 as a public limited company. The registered office of the company at Calcutta controls project sites all over India. In a decade of its working SPL has emerged as a renowned civil engineering and construction company. The company has procured a fleet of costruction equipment over this period.

Simplex Projects has complete access to technical collaborations with International construction giants for advanced techniques and research facilities in construction. Having constructed over 70 Road and Rail-over-Bridges, over half a million square feet of residential and commercial buildings, power plants to chemical factories, multiplexes to shopping malls.

The company remains versatile in a range of activities ranging from ground engineering to electro-mechanical design, fabrication and installation. At Simplex Projects, they possess some of the best engineering skills and that led them to have in their fold many 'First time in India' credits in the field of civil and mechanical construction. The company also has the second largest fleet of piling rigs in eastern part of the country, besides several other top class construction equipments and machineries.

Today, Simplex Projects offers a perfect blend of engineering skill and latest technologies for the infrastructure growth. It got listed in the Bombay and National Stock Exchange in 2007 at Rs 180 and the stock prices reached its peak at Rs 480.

Activities  and services offered by the company:

  • Piling and Foundation Work
  • Soil Investigation and recommendation
  • Soil Densification work - sand piles, stone columns, dynamic compaction.
  • Sheet Piling
  • Heavy RCC and pre-stressed concrete foundation works
  • Basement Structures
  • Pile foundation - cast-in-situ driven
  • Bored, precast and steel
  • Car Parking Systems.
  • Bridges and Flyovers/reinforced and pre-stressed Industrial Structures
  • Long Span Structure-steel & prestressed concrete
  • Multistoried Buildings
  • Townships, Group Housing Design & Construction
  • Commercial buildings Complexes
  • Water, Waste and Sewage Treatment Plants

Milestones:

  • 1992- Started first commercial operations.
  • 1994- Merger of soil & foundation engineers strengthening the base.
  • 1997-Completed housing project for CGEWHO using ‘Tunnel Shutter’ technology for the first time in India-a project value of INR 210mn.
  • 2001- Foray into parking. First project completed on BOT with the Kolkata municipal corporation.
  • 2003- Award of project from Konkan Railways. A Rs.650 mn project with 13 RoBs across Jharkhand.
  • 2004-Turnover crossing Rs500 million.
  • 2006- Completion of Taratalla Flyover and Trial run for the Underground automated parking another first in the country.
  • 2007-Listing in the BSE/NSE(stock exchange).-Opening of new market.

The ongoing projects of the company include:

Construction of 560 M length ROB at Mithapur, Patna for Eastern Railway for Rs150 million. (Multiple Span 39.1 Mtrs.)

12 nos. ROBs varying from 500 to 750 mtrs. long (total 12,000 M length) at various locations in and around Ranchi and Dhanbad in the state of Jharkhand for Konkan Railway Corpn. Ltd. Approximate value of the job is Rs.650 million.

Bhutan - Construction of Thimphuchu Bridge on Thimbu Babesa Expressway for Royal Govt. of Bhutan, Dept. of Bridges Job value Rs.52.9 million approx - 50% work completed.

Construction of ROB work at Patna for apprx. Rs.86 million, main client being IRCON and contractor being Nagarjuna Construction Co. Ltd. on back to back basis. (Total length 2500 mtrs. (70 multiple span).

For NBCC a central government body for the construction of a hospital in the city of Thoubal, Manipur. The job value is Rs 220 million only.For NBCC a central government body for the Construction of the New Market Complex in the Imphal city, Manipur. The job value is Rs 90 million only.

The company is installing about 4000 nos (800000 RM approx) of 500, 550 & 600 mm dia pile works Cast in Situ Driven Pile for their housing project in Kolkata. Godrej Properties, Mumbai

Differen divisions of the company :

Turnkey Construction

  • Large span and/or high-rise commercial
  • industrial and specialty building Projects
  • Structural engineering, design & construction management
  • On lumpsum and cost plus basis Design & Build
  • Automated design and estimation processes
  • Large team of trained workforce for executing complex structures
  • Mobile, site-based ready mix concrete
  • manufacturing facilities

Structural Engineering

  • Analysis and design of elements and systems
  • Automated analysis, design and drafting
  • Customized design solutions
  • Understanding and advising clients
  • Structural management

Design and Construction Management

  • Design management and co-ordination
  • System selection for fast-track construction
  • Planning of activities, costs and time schedules
  • Quality and Safety Management
  • Management Information System.

Achievements/ recognition :

  • Construction of Fully Automated Multi level Car Parking System on Double Curvature for the First Time in the World (1st Phase).
  • Construction of the first housing complex using Aarding 'Tunnel Shuttering' technology in the country.
  • Construction of Basement using Top Down Construction Technique for the First Time in India (project under construction).
  • Construction of 2000 mm dia pile foundation for the first time in India.
  • Construction of the largest Two-Tier Overhead Tank of 6000 M³ Capacity in India.
  • Construction of Rail Over Bridge (ROB) with 50 mts. span P. S. C Girder over live and running electrified section of rail-track for the first time in India.
  • Construction of Fully Automated Underground Multilevel Car Parking Systems for the First Time in India (2nd Phase).
  • In the year 2003 they got award of project from Konkan Railways.A Rs.650 mn project with 13 RoBs across Jharkhand
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