Simplex Infrastructures Ltd - Stock Valuation and Financial Performance

BSE: 523838 | NSE: SIMPLEXINF | Engineering - Construction | Small Cap

Simplex Infrastruct. Share Price

225.15 10.70 4.99%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Simplex Infrastruct.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Simplex Infrastructures stock performance -

mw4me loader
P/E Ratio (SA):
18.86
Market Cap:
1,286.6 Cr.
52-wk low:
59.8
52-wk high:
258.5

Is Simplex Infrastructures Ltd an attractive stock to invest in?

1. Is Simplex Infrastructures Ltd a good quality company?

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

2. Is Simplex Infrastructures Ltd undervalued or overvalued?

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

3. Is Simplex Infrastructures Ltd a good buy now?

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

10 Year X-Ray of Simplex Infrastruct.:

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 Infrastructures 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 % 10.6%12.2%12%12%12.3%0.6%-1%-0.9%-0.4%-0.3%-
Value Creation
Index
-0.2-0.1-0.1-0.1-0.1-1.0-1.1-1.1-1.0-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5,5825,9055,6085,7666,0413,9042,0201,7361,5471,011895
Sales YoY Gr.-5.8%-5%2.8%4.8%-35.4%-48.3%-14.1%-10.9%-34.6%-
Adj EPS 1322.926.72622.3-55.7-81.5-91.6-90.2-12.311.9
YoY Gr.-76.1%16.8%-2.7%-14.3%-350.4%NANANANA-
BVPS (₹) 291.6288.2309.5330.5351.3310225134.750.138.136.3
Adj Net
Profit
64.2113132128127-318-465-524-515-70.568
Cash Flow from Ops. 68.640864040732-5.9-492-454-348-79.8-
Debt/CF from Ops. 478.35.28.7108-646.8-9.2-11.6-17.2-90-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -17.3%-30.1%-20.6%-34.6%
Adj EPS -199.4%-188.9%NANA
BVPS-20.2%-35.9%-44.7%-23.8%
Share Price -2% 41.3% 72.1% 269%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.57.98.98.16.9-16.7-30.5-50.9-97.6-2832.1
Op. Profit
Mgn %
10.111.711.311.61231.42.41.432
Net Profit
Mgn %
1.21.92.42.22.1-8.2-23-30.2-33.3-77.6
Debt to
Equity
2.22.42.22.21.72.23.56.920.933-
Working Cap
Days
4104054444794937671,4531,7292,0203,1441,686
Cash Conv.
Cycle
6039145-15-177221614-266

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 32.10%

Sales growth has been subdued in last 3 years -20.61%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 32.96

Sales growth is not so good in last 4 quarters at -38.33%

Latest Financials - Simplex Infrastructures Ltd.

Standalone Consolidated
TTM EPS (₹) 11.9 11.9
TTM Sales (₹ Cr.) 895 1,285
BVPS (₹.) 36.3 38.9
Reserves (₹ Cr.) 196 211
P/BV 6.20 5.79
PE 18.86 18.87
From the Market
52 Week Low / High (₹) 59.82 / 258.50
All Time Low / High (₹) 2.70 / 774.00
Market Cap (₹ Cr.) 1,287
Equity (₹ Cr.) 11.4
Face Value (₹) 2
Industry PE 37.1

Management X-Ray of Simplex Infrastruct.:

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 Infrastruct.

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
Sales5,5825,9055,6085,7666,0413,9042,0201,7361,5471,011
Operating Expenses 5,0195,2224,9915,1175,3313,7962,0041,6991,525983
Manufacturing Costs2,0532,2412,2182,1522,1881,403805863791541
Material Costs1,8751,9711,6421,9002,1121,285813485432204
Employee Cost 481511514530493383210182145110
Other Costs 610498617534538724176168157128
Operating Profit 56268361665071010916382128
Operating Profit Margin (%) 10.1%11.6%11.0%11.3%11.8%2.8%0.8%2.2%1.4%2.8%
Other Income 53981621361126349364118
Interest 38542944545247151363574683780
Depreciation 1372041981831681371241048569
Exceptional Items 0000000-2500
Profit Before Tax 94148135151184-479-694-801-860-103
Tax 3142143461-162-233-275-354-32
Profit After Tax 62106120117123-317-461-526-506-72
PAT Margin (%) 1.1%1.8%2.1%2.0%2.0%-8.1%-22.8%-30.3%-32.7%-7.1%
Adjusted EPS (₹)12.621.524.323.721.5-55.6-80.7-92.1-88.6-12.6
Dividend Payout Ratio (%)4%2%2%2%2%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 1,4421,4251,5301,6352,0081,7721,286770286218
Share Capital 10101010111111111111
Reserves 1,4321,4151,5201,6251,9961,7601,274758275207
Minority Interest0000000000
Debt3,1953,3643,2823,4953,3573,4984,0184,7125,4276,474
Long Term Debt52761058055137123259000
Short Term Debt2,6682,7542,7012,9442,9863,2663,9594,7125,4276,474
Trade Payables1,7691,5271,7121,9872,1351,6941,5651,5251,4851,351
Others Liabilities 1,5261,5991,9922,2152,1172,1732,0702,1492,1721,285
Total Liabilities 7,9327,9168,5169,3319,6179,1378,9399,1559,3719,329

Fixed Assets

Gross Block2,0691,4831,5641,6621,7131,6891,6361,5951,5931,586
Accumulated Depreciation9532023915646958028949701,0631,125
Net Fixed Assets1,1161,2811,1731,0981,018887742625530461
CWIP 5121110893223
Investments 148128134134130115115898787
Inventories952728746756774521454395319293
Trade Receivables2,1651,2891,5291,4511,3801,3831,2981,3241,2881,262
Cash Equivalents 2323331051117145215358
Others Assets3,5234,4544,8895,7786,1976,1516,2826,7007,0917,165
Total Assets 7,9327,9168,5169,3319,6179,1378,9399,1559,3719,329

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 6940864040732-6-492-454-348-80
PBT 94148135151184-479-694-801-860-103
Adjustment 570555597569605937743878927178
Changes in Working Capital -615-295-75-255-722-455-586-533-434-192
Tax Paid 200-16-58-35-84521937
Cash Flow From Investing Activity -58-172-117-157-711307822372
Capex -73-208-81-106-7211451321-5
Net Investments -2-391-12215040
Others 1740-44-521398288117
Cash Flow From Financing Activity -69-245-515-17937-16039440734483
Net Proceeds from Shares 000042700000
Net Proceeds from Borrowing 15796-20522-55-30000
Interest Paid -375-418-443-468-464-393-273-334-353-38
Dividend Paid -3-3-3-3-3-10000
Others 15179-4824075290697742698121
Net Cash Flow -59-9971-2-36-19-24335
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.47.48.147.396.73-16.8-30.15-51.21-95.87-28.52
ROCE (%)10.6412.1611.9812.0212.260.62-1.03-0.93-0.37-0.34
Asset Turnover Ratio0.730.750.680.650.640.420.220.190.170.11
PAT to CFO Conversion(x)1.113.855.333.480.26N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days139107929486129242276308460
Inventory Days595248484661888984110
Payable Days3383003523453465387321,1621,2712,541

Simplex Infrastructures Ltd Stock News

Simplex Infrastructures Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Simplex Infrastruct. on 11-Oct-2024 16:01 is ₹225.2.
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 Infrastruct. stood at ₹1,286.6.
The latest P/E ratio of Simplex Infrastruct. as of 11-Oct-2024 16:01 is 18.86.
The latest P/B ratio of Simplex Infrastruct. as of 11-Oct-2024 16:01 is 6.20.
The 52-week high of Simplex Infrastruct. is ₹258.5 and the 52-week low is ₹59.82.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Simplex Infrastruct. is ₹895.3 ( Cr.) .

About Simplex Infrastructures Ltd

Simplex Infrastructure enjoys a rich record of industry presence and experience, vital in the business of infrastructure development. The company was established in 1924 by UK-based H P Lancaster to accelerate infrastructure development in East Asia. Immediately following India’s independence, the company was taken over by the Kolkata-based Mundhra family. At present, the company has an order book of $2 billion with over 140 project locations in India and overseas registering its presence in almost all Indian states and the Middle East.

The company has seven business segments namely, Ground Engineering, Industrial, Building & Housing, Power, Marine, Roads, Railways & Bridges, and Urban infra.

Today, Simplex Infra has emerged as a leading service provider of infrastructure and construction. Employment of the latest technology has helped Simplex Infrastructure execute projects with precision and timeliness. The company uses internet and intranet connectivity at its various sites and branches using different technologies like MPLS VPN, VSAT and broadband. The company is developing a tracking system for the location of material and equipment, their uses, destinations, owners, operators and history using embedded technology and RFID. It introduced an embedded system for driven piling machines, which can measure the number of hammerings and total time taken for each.

The company enjoys a strong showcase of project reference. It has executed over 2000 prestigious projects in India and abroad. It has worked on an equal footing with renowned international construction companies in mega-sized projects The company’s strong infrastructural grounding is reflected in its track record of having been associated with more than 80% of India’s thermal projects (coal, gas, nuclear, hydel), 15 steel plants, 24 petrochemical / chemical plants as well as more than 100 bridges, roads and railway projects in India.

Simplex Infrastructure has tie-ups with technocrats, consultants, architects and engineers in public and private domains. The company enjoys an enviable industry standing on account of its quality assurance, project monitoring, credible time management, adherence to milestones and problem management. Over decades, Simplex Infra has worked closely with government undertakings across a number of Indian states. As a result, its clientele today comprises public works, railways, electricity boards and health departments.

The company has been registered for engineering works of unrestricted value with most Indian government departments as well as the private sector. Simplex Infrastructure owns the largest number of piling rigs outside USA.

  • Simplex Infrastructure owns the largest number of hydraulic drilling rig in India.
  • The company owns large capacity concrete pumps and placer boom suitable for high rise structure upto 250 mtr.
  • It owns a footstep piling rig, the first of its kinds in India

Milestones achieved

  • 1924 - Year of incorporation and first to introduce cast-in-situ driven piles in Asia, at Kolkata
  • 1935 - Started construction of major steel plants.
  • 1940 - Built King George Docks, Mumbai.
  • 1952 - Entered into the civil & structural construction of industrial projects.
  • 1955 - Forayed into housing and building segment.
  • 1958 - Designed and constructed the first ever RCC framed structure in Asia  -- the 17- storied National Tower at Kolkata.
  • 1960 - Made a foray into the civil & structural construction of thermal  power plants and has been associated with over 80% of thermal power plants across India ranging from 10 MW to 1000 MW Turbo Generators.
  • 1965 - Entered into the urban utilities segment - water treatment plant at Howrah for HIT.
  • 1968 - Took up the marine construction and today associated with all the major ports in India.
  •  1982 - Established its first overseas office for the execution of projects in Sri Lanka.- Forayed into Roads, Bridges and Railways segment.
  • 1990 - Piling jobs in UAE – Abu Dhabi.
  • 1991 - Developed indigenous technique for jointed pre-cast concrete piles - upto 150 meters depth at Ernakulam.
  • 1992 - Built international class hotel at Tashkent, Uzbekistan.
  • 1993 - Went Public - IPO  500% premium, oversubscribed.
  • 1996 - Follow on public issue of equity shares with a premium at 900% premium and again oversubscribed.
  • 1998 - Forayed into innovative LIG/MIG sourcing on turnkey basis. - Also forayed into turnkey coding towards construction.
  • 2002 - Forayed into civil & structural construction of nuclear power plants.
  • 2003 - Took up the civil & structural construction of Hydro Power Plants. Established a presence in the Middle East Countries.
  • 2004 - ISO 9001:2000 certification.
  • 2005 - Touched annual turnover of Rs 10 billion. - Changed name from Simplex Concrete Piles (India) to Simplex Infrastructures for a more holistic representation of the company.  Private Placement of 15% equity shares at a premium of Rs.716 per share.Secured contract for an irrigation canal in Hyderabad.
  • 2006 - Split Rs 10 equity shares into 5 shares of Rs 2 each. Secured contract for doubling of railway tracks on South-Central Railway line on the Guntakal-Raichur railway, AP. Secured several piling and civil contracts in Middle East Countries.
  • 2010 - Foray into Power, T & D and Road BOT 2011 
    Entry in Ethiopia, Bangladesh & Saudi Arabia
    2012 - Foray in Underground Mining

The customers of the company come from both public sector and private sector like: IFFCO,BHEL, BP, Indian oil, Kribhco, Indian Railway, NTPC,WBSEB, Kudremukh, GAIL, NHAI Thermax , TATA steel, SAIL,TATA Power, Wipro, Vedanta etc.

The company has received awards from :

  • BHEL - Best Safety Promotional Activities Work Area
  • NFCL Expansion Project - Citation Prill Tower
  • Reliance Petroleum Jamnagar - Safety Award 1998
  • IIBE - Excellence in Bridge Engg. Flyover Nagpur Wardha Road 2000
  • Siemens - Power Plant Project Award, Paguthan Gujarat
  • Institute Of Economic Studies - Excellence Award
  • IIBE - Most Outstanding Bridge, Flypver Amar Mahal Chembur Mumbai
  • BHEL - Best Safety Promotional Activities Simhadri Thermal Power Project 2000
  • Reliance, Jamnagar - Safety Performance Award For Contractors 2007
  • Siemens - Contractor Of the year 1996, Paguthan Cycle Plant Gujarat
  • Toyo Engg Corp - Safety Award Mangalore Refinery and Petrochemicals Ltd. 
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