Simplex Infrastructures Ltd - Stock Valuation and Financial Performance

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

Simplex Infrastruct. Share Price

83.55 -1.70 -1.99%
as on 19-Mar'24 16:41

DeciZen - make an informed investing decision on Simplex Infrastruct.

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Simplex Infrastructures stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
487.1 Cr.
52-wk low:
29.8
52-wk high:
116

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 Overvalued zone.

3. Is Simplex Infrastructures Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Simplex Infrastructures 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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.4%7.4%8.7%9.2%8.9%8.6%0.7%-0.4%-0%1.2%-
Value Creation
Index
-0.5-0.5-0.4-0.4-0.4-0.4-1.0-1.0-1.0-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5,5135,5825,9055,6085,7666,0413,9042,0201,7361,5471,152
Sales YoY Gr.-1.2%5.8%-5%2.8%4.8%-35.4%-48.3%-14.1%-10.9%-
Adj EPS 14.91322.926.72622.3-55.7-81.5-91.6-90.2-58.7
YoY Gr.--12.7%76.1%16.8%-2.7%-14.3%-350.4%NANANA-
BVPS (₹) 282.7291.6288.2309.5330.5351.3310225134.750.18.9
Adj Net
Profit
73.564.2113132128127-318-465-524-515-335
Cash Flow from Ops. 19968.640864040732-5.9-492-454-348-
Debt/CF from Ops. 14.8478.35.28.7108-646.8-9.2-11.6-17.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -13.2%-23.1%-26.6%-10.9%
Adj EPS -222.2%-228.3%NANA
BVPS-17.5%-31.4%-45.5%-62.8%
Share Price -2.2% -13.1% 36.1% 119.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.54.57.98.98.16.9-16.7-30.5-50.9-97.6-199
Op. Profit
Mgn %
9.710.111.711.311.61231.42.41.43.3
Net Profit
Mgn %
1.31.21.92.42.22.1-8.2-23-30.2-33.3-29.1
Debt to
Equity
2.12.22.42.22.21.72.23.56.920.9-
Working Cap
Days
3854104054444794937671,4531,7292,0201,342
Cash Conv.
Cycle
676039145-15-1772216-212

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -26.56%

Debt to equity has increased versus last 3 years average to 20.92

Sales growth is not so good in last 4 quarters at -31.01%

Latest Financials - Simplex Infrastructures Ltd.

Standalone Consolidated
TTM EPS (₹) -58.7 -58.3
TTM Sales (₹ Cr.) 1,152 1,501
BVPS (₹.) 8.9 11.6
Reserves (₹ Cr.) 40 55
P/BV 9.56 7.35
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 29.75 / 116.00
All Time Low / High (₹) 2.70 / 774.00
Market Cap (₹ Cr.) 487
Equity (₹ Cr.) 11.4
Face Value (₹) 2
Industry PE 41

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5,5135,5825,9055,6085,7666,0413,9042,0201,7361,547
Operating Expenses 4,9975,0195,2224,9915,1175,3313,7962,0041,6991,525
Manufacturing Costs1,9812,0532,2412,2182,1522,1881,403805863791
Material Costs1,9611,8751,9711,6421,9002,1121,285813485432
Employee Cost 462481511514530493383210182145
Other Costs 593610498617534538724176168157
Operating Profit 516562683616650710109163821
Operating Profit Margin (%) 9.4%10.1%11.6%11.0%11.3%11.8%2.8%0.8%2.2%1.4%
Other Income 39539816213611263493641
Interest 334385429445452471513635746837
Depreciation 13613720419818316813712410485
Exceptional Items 00000000-250
Profit Before Tax 8694148135151184-479-694-801-860
Tax 253142143461-162-233-275-354
Profit After Tax 6162106120117123-317-461-526-506
PAT Margin (%) 1.1%1.1%1.8%2.1%2.0%2.0%-8.1%-22.8%-30.3%-32.7%
Adjusted EPS (₹)12.312.621.524.323.721.5-55.6-80.7-92.1-88.6
Dividend Payout Ratio (%)4%4%2%2%2%2%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 1,3981,4421,4251,5301,6352,0081,7721,286770286
Share Capital 10101010101111111111
Reserves 1,3881,4321,4151,5201,6251,9961,7601,274758275
Minority Interest0000000000
Debt2,9073,1953,3643,2823,4953,3573,4984,0184,7125,427
Long Term Debt3775276105805513712325900
Short Term Debt2,5302,6682,7542,7012,9442,9863,2663,9594,7125,427
Trade Payables1,7441,7691,5271,7121,9872,1351,6941,5651,5251,485
Others Liabilities 1,2961,5261,5991,9922,2152,1172,1732,0702,1492,172
Total Liabilities 7,3457,9327,9168,5169,3319,6179,1378,9399,1559,371

Fixed Assets

Gross Block1,9542,0691,4831,5641,6621,7131,6891,6361,5951,593
Accumulated Depreciation7909532023915646958028949701,063
Net Fixed Assets1,1641,1161,2811,1731,0981,018887742625530
CWIP 53512111089322
Investments 1341481281341341301151158987
Inventories862952728746756774521454395319
Trade Receivables2,0952,1651,2891,5291,4511,3801,3831,2981,3241,288
Cash Equivalents 8123233310511171452153
Others Assets2,9573,5234,4544,8895,7786,1976,1516,2826,7007,091
Total Assets 7,3457,9327,9168,5169,3319,6179,1378,9399,1559,371

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1996940864040732-6-492-454-348
PBT 8694148135151184-479-694-801-860
Adjustment 518570555597569605937743878927
Changes in Working Capital -421-615-295-75-255-722-455-586-533-434
Tax Paid 17200-16-58-35-845219
Cash Flow From Investing Activity -83-58-172-117-157-71130782237
Capex -101-73-208-81-106-7211451321
Net Investments -8-2-391-1221504
Others 261740-44-52139828811
Cash Flow From Financing Activity -105-69-245-515-17937-160394407344
Net Proceeds from Shares 000004270000
Net Proceeds from Borrowing 10415796-20522-55-3000
Interest Paid -329-375-418-443-468-464-393-273-334-353
Dividend Paid -5-3-3-3-3-3-1000
Others 12515179-4824075290697742698
Net Cash Flow 10-59-9971-2-36-19-2433
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.524.47.48.147.396.73-16.8-30.15-51.21-95.87
ROCE (%)10.1310.6412.1611.9812.0212.260.62-1.03-0.93-0.37
Asset Turnover Ratio0.760.730.750.680.650.640.420.220.190.17
PAT to CFO Conversion(x)3.261.113.855.333.480.26N/AN/AN/AN/A
Working Capital Days
Receivable Days145139107929486129242276308
Inventory Days55595248484661888984
Payable Days3073383003523453465387321,1621,271

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 19-Mar-2024 16:41 is ₹83.55.
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 16:41 the market cap of Simplex Infrastruct. stood at ₹487.1.
The latest P/E ratio of Simplex Infrastruct. as of 19-Mar-2024 16:41 is 0.00.
The latest P/B ratio of Simplex Infrastruct. as of 19-Mar-2024 16:41 is 9.56.
The 52-week high of Simplex Infrastruct. is ₹116.0 and the 52-week low is ₹29.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Simplex Infrastruct. is ₹1,152 ( 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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