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Simplex Infrastructures Ltd

NSE: SIMPLEXINF BSE: 523838Infra

Incorporated in 1924, Simplex Infrastructures Ltd is a civil engineering and construction contracting company[1]

210
52W: ₹136 — ₹330
PE 33.5 · Book ₹116 · +81% vs book
Market Cap₹1,661 Cr
Stock P/E33.5Price to Earnings
ROCE0.1%Return on Capital
ROE5.52%Return on Equity
Div. Yield0%Face Value ₹2

Strengths

  • +Company has reduced debt.

Weaknesses

  • The company has delivered a poor sales growth of -28.5% over past five years.
  • Company has a low return on equity of -53.3% over last 3 years.
  • Contingent liabilities of Rs.988 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 33.1% of their holding.
  • Earnings include an other income of Rs.86.0 Cr.
  • Company has high debtors of 294 days.
  • Promoter holding has decreased over last 3 years: -13.8%
  • Working capital days have increased from -78.5 days to 572 days

Shareholding Pattern

Promoters35.99%
FIIs0.49%
DIIs5.81%
Public57.71%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters49.82%49.82%49.82%42.35%7.536.95%5.435.99%1.035.99%35.99%
FIIs0.37%0.42%0.00.46%0.00.62%0.20.6%0.00.44%0.20.38%0.10.49%0.1
DIIs0.94%0.67%0.30%0.70%3.39%3.45.65%2.35.8%0.15.81%0.0
Public48.87%49.09%0.249.71%0.657.02%7.359.07%2.057.9%1.257.82%0.157.71%0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales247.12225.58223.07199.56195.99139.13196.63153.53164.41169.66
Expenses241.4217.77219199.58193.17135.77181.16146.67148.7160.46
Operating Profit5.727.814.07-0.022.823.3615.476.8615.719.2
OPM %2.31%3.46%1.82%-0.01%1.44%2.42%7.87%4.47%9.56%5.42%
Net Profit-7.24-80.82166.81-10.52-10.82-12.2443.213.528.325.45
EPS ₹-1.27-14.1429.19-1.84-1.89-2.146.430.461.050.69

AI Insights

Revenue Trend

TTM revenue at ₹684Cr, down 6.4% YoY. OPM at 7%.

Debt Position

Borrowings at ₹1,849Cr. Debt-to-equity ratio: 2.05x. High leverage — monitor closely.

Institutional Flow

DIIs: 5.81% (-3.03pp change). FIIs: 0.49% (+0.14pp change). Promoters hold 35.99%.

Margin & Efficiency

ROCE declining from 10% (Mar 2014) to 0% (Mar 2025). Working capital days: 572.

Valuation

PE 33.5x with 0.1% ROCE. Price is 81% above book value of ₹116. Dividend yield: 0%.

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