Simplex Castings Ltd
Simplex Castings Ltd Q4 FY26 Results & Concall Highlights: Capex ₹15 Cr
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
3 of 5 strong
The short version
FY27 revenue target is ₹300 crores, comprising ₹200 crores from existing business, ₹50 crores from casted railway business, and ₹50 crores from power sector. Target revenue for FY27 is ₹300 crore: ₹200 crore from existing business, ₹50 crore from railway castings, ₹50 crore from power sector.
From Simplex Castings Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY27 revenue target is ₹300 crores, comprising ₹200 crores from existing business, ₹50 crores from casted railway business, and ₹50 crores from power sector.
- Aims for a 45-50% CAGR growth as indicated earlier.
- Coke oven doors segment expected to grow from ₹50-60 crores currently to ₹100 crores in 2-3 years.
- Wagon bogie production capacity at 200-250 sets per month; targeting increased off-take from railway wagon manufacturers and Indian Railways.
- Focus on execution to achieve ₹500 crore revenue target by FY28, with challenges primarily execution, EPC orders, and railways segment growth; railways is projected to contribute 30-40% of the revenue with repetitive orders.
- Potential acquisitions sized between ₹20-100 crores under exploration for revenue and capability expansion.
- Margins expected to remain stable with ongoing cost optimization efforts.
- Incremental CAPEX around ₹25 crores planned for FY27 to support growth.
Profitability & Margins
See what Simplex Castings Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY27 Capex target is ₹25 crores, primarily for fabricated bogie production (Page 8).
- FY26 Capex was around ₹15 crores (Page 8).
- No new CAPEX needed for fabricated bogies as equipment is in place waiting for prototype and orders (Page 8).
- Expansion plans include semi-mechanization and facilitation to reduce manpower, funded through internal accruals (Page 9).
- Considering additional funding (debt or equity) to support fabricated bogies expansion, requiring ₹25 crores capital and ₹25 crores working capital (Page 9).
- Strategic investment focus remains on steel, railways, power sectors; defense and shipbuilding expansions limited for now (Pages 7-9).
- Acquisition size targeted between ₹20-100 crores, focusing on steel, power, railways outside India due to high domestic multiples (Page 15).
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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
- Simplex Castings expects a booking target of ₹500 crores by FY28, with execution being the biggest risk.
- For FY27, the targeted revenue is ₹300 crores: ₹200 crores from existing business, ₹50 crores from cast railway business, and ₹50 crores from the power sector.
- They have developmental orders for fabricated bogies and discussions ongoing for orders of 100 to 200 bogies in railways, expected within a month.
- The capacity for bogies is 200-250 units per month, translating roughly to 100-125 wagons monthly.
- Execution and order acquisition, including potential acquisitions in steel, power, and railways sectors, remain critical for hitting targets.
- Challenges include volatile steel market, gas availability, and manpower skills.
- Current discussions for acquisitions are ongoing, with previous attempts in India closed due to high valuation; looking at sensible PE multiples abroad in familiar sectors.
- Railways orders, including spares and new bogies, form about 40-50% of growth strategy.
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 Q4 FY26 results?
FY27 revenue target is ₹300 crores, comprising ₹200 crores from existing business, ₹50 crores from casted railway business, and ₹50 crores from power sector. Target revenue for FY27 is ₹300 crore: ₹200 crore from existing business, ₹50 crore from railway castings, ₹50 crore from power sector.
What is Simplex Castings Ltd share price analysis?
Simplex Castings Ltd currently shows a below-average growth signal. 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?
FY27 Capex target is ₹25 crores, primarily for fabricated bogie production (Page 8).
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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.