Simplex Castings Ltd
Simplex Castings Ltd Q3 FY26 Results & Concall Highlights: Order Book ₹100 Cr
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Simplex Castings targets a 40-50% CAGR in revenue over the next 2-3 years, driven primarily by growth in railways and power sectors. The company targets a 40-50% CAGR over the next 2-3 years, driven primarily by growth in railways, steel, and power sectors.
From Simplex Castings Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Simplex Castings targets a 40-50% CAGR in revenue over the next 2-3 years, driven primarily by growth in railways and power sectors.
- Railway sector revenue is expected to grow from near zero to about 20-25% in FY 26-27.
- Power sector contribution is projected to increase from 10-15% to around 20-30% in the same period.
- The company aims to shift from jobbing to at least 50% repetitive product-line revenue, especially through railway casted and fabricated bogies.
- New capacity for fabricated bogies is expected to come online in 6-8 months.
- Steel sector will continue to contribute 40-50% of orders, with new capex orders starting to flow in FY 26-27.
- Defense and shipbuilding will grow at around 10-15%, contributing high margins but smaller revenue share.
- The order book is substantial, with no major order shortages expected, supporting sustained growth.
Profitability & Margins
See what Simplex Castings Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex plan includes ₹25 crores targeted from recent fundraise, with an expected asset turnover of 3-4x.
- Capacity addition underway for fabricated bogies, expected to take 6-8 months to become operational.
- Casted bogies capacity already set up and operational.
- Considering setting up a fabrication unit near Arcelor Mittal Nippon Steel's upcoming Vishakapatnam steel plant, potentially with buyback arrangements for 4-5 years.
- Focused on upgrading product mix and moving up the value chain through investment in CNC machine tools, assembly shops, and fabrication capabilities.
- May explore aluminum foundry and high-pressure die casting opportunities via potential collaborations (consultations with German consultants ongoing).
- Capital expenditure primarily aimed at expanding railway and power sector products; defensive and shipbuilding sectors to receive smaller focus.
Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Simplex Castings Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current quarterly order book is above ₹100 crores, providing healthy revenue visibility.
- Steel plant contributes nearly 50% of the order book.
- Around 30% of orders come from the power industry, including fabrication for BHEL and Gaja Engineering.
- Remaining 20% comprises orders from gearbox manufacturers, pump manufacturers, and machine tool industry.
- Mazgaon Dock orders (5-6%) relate to naval shipbuilding (Indian Coast Guard and Navy).
- Trial orders for fabricated railway bogies are underway, with casted bogie orders expected post-final RDSO approval.
- First steel plant capex order (~₹13 crores) received recently from a PSU via ThyssenKrupp; more orders in pipeline.
- Order book includes high-value and trial orders from marquee customers like BHEL, Mazgaon Dock, Gaza Engineering.
- The company anticipates the resumed freight wagon bogie business adding ₹40-50 crores to topline from FY26-27.
Simplex Castings Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹48 Cr, net profit ₹5 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Simplex Castings Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Simplex Castings Ltd Q3 FY26 results?
Simplex Castings targets a 40-50% CAGR in revenue over the next 2-3 years, driven primarily by growth in railways and power sectors. The company targets a 40-50% CAGR over the next 2-3 years, driven primarily by growth in railways, steel, and power sectors.
What is Simplex Castings Ltd share price analysis?
Simplex Castings Ltd currently shows a neutral. The stock trades at a P/E of 18.2 with a market cap of ₹437 Cr. Investors should review the full earnings analysis for detailed insights.
Is Simplex Castings Ltd planning capital expenditure?
Capex plan includes ₹25 crores targeted from recent fundraise, with an expected asset turnover of 3-4x.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.