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Simplex Infrastructures Ltd (SIMPLEXINF)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523838 NSE: SIMPLEXINF Engineering - Construction | Small Cap | Simplex Infrastruct. Share Price

₹241.35 -14.70 (-5.74%)

As on 15-Sep'26 16:59

Simplex Infrastructures Ltd (SIMPLEXINF)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523838 NSE: SIMPLEXINF Engineering - Construction | Small Cap | Simplex Infrastruct. Share Price

₹241.35 -14.70 (-5.74%)

As on 15-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,909 Cr.
Current Price
₹241.4
52-Week Low / High
₹136 / 330
TTM EPS
₹5.8
TTM Sales
₹1,069 Cr.
Book Value per Share
₹118.7
P/E Ratio
41.67
Higher than its 3-year historical median
Industry PE
24
Price to Book (P/B)
2.03
In line with its 5-year historical median
Price to Sales (P/S)
1.79
Higher than its 5-year historical median
EV/EBITDA
34.34
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
5.57%
Underperforms industry median
Return on Capital Employed (ROCE)
2.43%
Underperforms industry median
Return on Assets (ROA)
1.14%
Operating Profit Margin
5.4%
Net Profit Margin
3.96%
Gross Profit Margin
7.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-8.36%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
143.39%
Net Profit Growth (1 Year)
-
235.32%
Asset Quality
Promoter Holding
35.99%
Pledged shares (%) of Promoter's holding (%)
33.09%
Reserves
₹923 Cr.
Equity
₹15.8 Cr.
Face Value
₹2
All Time Low / High
₹2.70 / 774.00

Simplex Infrastructures stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Simplex Infrastructures Ltd a good quality company?
Simplex Infrastructures Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Simplex Infrastructures Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Simplex Infrastructures Ltd vs industry peers?
Simplex Infrastructures Ltd revenue CAGR is -14.23%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Simplex Infrastructures Ltd?
Promoters hold 35.99% of the Simplex Infrastructures Ltd, with 33.09% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Simplex Infrastructures Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -2.8% based on the current price.

10 Year X-Ray :

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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 12%12%12.3%0.6%-1%-0.9%-0.4%-0.3%0.7%2.3%-
Value Creation
Index
-0.1-0.1-0.1-1.0-1.1-1.1-1.0-1.0-1.0-0.8-

Growth Parameters

Sales 5,6085,7666,0413,9042,0201,7361,5471,011731670667
Sales YoY Gr.-2.8%4.8%-35.4%-48.3%-14.1%-10.9%-34.6%-27.7%-8.4%-
Adj EPS 26.72622.3-55.7-81.5-91.6-90.2-12.3-2.74.65.6
YoY Gr.--2.7%-14.3%-350.4%NANANANANANA-
BVPS (₹) 309.5330.5351.3310225134.750.138.175.6114.9116.2
Adj Net
Profit
132128127-318-465-524-515-70.5-1836.745
Cash Flow from Ops. 64040732-5.9-492-454-348-79.8176107-
Debt/CF from Ops. 5.28.7108-646.8-9.2-11.6-17.2-9012.415.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -21%-19.8%-24.3%-8.4%
Adj EPS -17.7%NANANA
BVPS-10.4%-12.6%31.9%52.1%
Share Price -3.1% 38.7% 62.3% -22.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
8.98.16.9-16.7-30.5-50.9-97.6-28-554.9
Op. Profit
Mgn %
11.311.61231.42.41.4338.110.2
Net Profit
Mgn %
2.42.22.1-8.2-23-30.2-33.3-7-2.55.56.7
Debt to
Equity
2.22.21.72.23.56.920.9334.31.8-
Working Cap
Days
4444794937671,4531,7292,0203,1442,9781,598775
Cash Conv.
Cycle
145-15-17722161433-39395

Valuation of Simplex Infrastruct. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.0033.0933.0933.0933.09
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales5,6125,7676,1174,0262,2002,0471,8741,3881,0761,021
Operating Expenses + 4,9765,1175,4083,9212,1842,0061,8541,3601,053966
Manufacturing Costs2,2072,1522,2631,5259781,1711,116917746651
Material Costs1,6501,9002,1121,285813485432204119109
Employee Cost 51553049338321018214511097108
Other Costs 6035355397271831681621309198
Operating Profit 637650709105164119282355
Operating Profit Margin (%) 11.3%11.3%11.6%2.6%0.7%2.0%1.0%2.0%2.1%5.4%
Other Income + 16213611267594688185335
Exceptional Items 00000000141
Interest 445452471517644755839801513
Depreciation 19918416813812510586705529
Profit Before Tax 153147183-483-702-801-825-1032252
Tax 193461-162-233-274-354-311011
Profit After Tax 134113122-321-469-527-471-721240
PAT Margin (%) 2.4%2.0%2.0%-8.0%-21.3%-25.8%-25.1%-5.2%1.1%4.0%
Adjusted EPS (₹)27.722.821.4-56.1-82.1-92.4-82.4-12.71.75.1
Dividend Payout Ratio (%)1.80%2.20%2.30%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,5321,6302,0041,7671,267749301232524928
Share Capital 10101111111111111316
Reserves 1,5231,6211,9931,7551,255738289220510912
Debt +3,2823,4953,3523,5674,0884,7815,4236,4701,9311,578
Long Term Debt580551371232590001,6131,499
Short Term Debt2,7012,9442,9813,3354,0294,7815,4236,47031778
Minority Interest-3-4-4-5121123
Trade Payables1,7111,9872,1761,7541,5981,6011,5851,458772573
Others Liabilities 1,9982,1002,1572,2042,1132,2102,1621,309558257
Total Liabilities 8,5219,2099,6859,2879,0669,3439,4729,4703,7873,338

Fixed Assets

Net Fixed Assets +1,1791,1021,022891745627531462240252
Gross Block1,5741,6701,7211,6991,6431,6031,5991,593980988
Accumulated Depreciation3945687008088989751,0681,130741737
CWIP 1513129322300
Investments 11210910590825377912
Inventories74675777452145439531929398106
Trade Receivables1,5291,4501,4031,4371,3231,3751,3761,347647523
Cash Equivalents 511101127247265962119181
Others Assets 4,8885,6686,2586,2666,4136,8647,1777,2972,6752,265
Total Assets 8,5219,2099,6859,2879,0669,3439,4729,4703,7873,338
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 67340133-19-483-447-432-8320874
PBT 153147183-483-702-801-825-1032252
Adjustment 5845716059407368818891782028
Changes in Working Capital -46-255-721-468-562-528-511-1941733
Tax Paid -18-62-35-84521636-6-9
Cash Flow From Investing Activity + -133-164-717079222052-24-157
Capex -97-112-7211461321-5-30-55
Net Investments 91-1221508400-125
Others -45-5213392891007723
Cash Flow From Financing Activity + -514-17932-8838540425983-12719
Net Proceeds from Shares 00427000000234
Net Proceeds from Borrowing -20522-55-300000-14
Interest Paid -442-468-465-396-281-337-364-38-3-7
Dividend Paid -3-2-3-1-0-0-0-0-0-0
Others -4824070365697742623122-124-194
Net Cash Flow 2658-7-36-19-2033357-64
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)9.127.136.71-17.02-30.94-52.29-89.71-27.143.195.57
ROCE (%)12.3811.9412.260.62-1.02-0.780.23-0.350.732.43
Asset Turnover Ratio0.680.650.650.420.240.220.20.150.160.29
PAT to CFO Conversion(x)5.023.550.27N/AN/AN/AN/AN/A17.331.85
Working Capital Days
Receivable Days91.7094.3085.10128.70228.90240.60267.90357.80338.30209
Inventory Days48.2047.6045.7058.7080.9075.7069.5080.4066.3036.40
Payable Days350.30345.30349.90552.30752.201,202.501,344.802,726.103,424.902,255.70

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Simplex Infrastructures Ltd FAQs

The current trading price of Simplex Infrastruct. on 15-Sep-2026 16:59 is ₹241.3.

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 14-Sep-2026 the market cap of Simplex Infrastruct. stood at ₹1,909 Cr

The latest P/E ratio of Simplex Infrastruct. as of 14-Sep-2026 is 42.77.

The latest P/B ratio of Simplex Infrastruct. as of 14-Sep-2026 is 2.08.

The 52-week high of Simplex Infrastruct. is ₹330.0 and the 52-week low is ₹136.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Simplex Infrastruct. is ₹667 ( Cr.) .

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

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

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

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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