Simplex Castings LtdCapital Goods & EngineeringSIMPLEXCAS
Q1 FY27 concall · earnings callSimplex Castings Ltd
Simplex Castings started FY27 strongly, reporting significant revenue and profit growth, a substantial order book increase, and clear plans to diversify into railways and improve working capital efficiency.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Revenue | ₹60.95 Cr | ~35% | |
| EBITDA | ₹11.52 Cr | ~25% | |
| PAT | ₹6.86 Cr | ~45% | |
| EBITDA Margin | 18.89% | — | |
| PAT Margin | 11.25% | — | |
| Order Book | ~₹150 Cr | — |
TL;DR
- Revenue grew ~35% YoY to Rs 60.95 crores.
- PAT increased ~45% YoY to Rs 6.86 crores.
- Order book expanded to ~Rs 150 crores, up from a historical range of 80-100 crores.
- Focus is on scaling the business (Simplex 2.0) by diversifying into railways, defence, and power sectors while improving working capital.
Said on the call
“The opportunity ahead of Simplex today is substantially larger than what we have historically addressed.”
From the Q&A
| Topic | What management said |
|---|---|
| Capacity Utilization | Management states current capacity utilization is 50 to 60%, targeting to reach at least 80% by the end of FY28. |
| New Business Segments | Management confirms the company is not currently in the crankshaft business, but is looking at smaller castings for data centers. |
| Railway Business | Management expects to secure orders for 200 bogies per month from railway wagon makers, but timing depends on Indian Railways placing wagon orders. |
| Working Capital Strategy | Management is targeting 100+ crores from railway business and another 100+ crores from power sector fabrication to improve working capital cycle to 60-70 days. |
| Project Updates | Management clarifies the green hydrogen DRI plant project was scrapped due to a GST issue related to the grant structure. |
| Funding & Capex | Management states the recent fundraise is sufficient to reach the 500 crore revenue target and no further fundraising is planned for that. |
| Future Growth | Management is exploring a return to EPC projects in the metallurgical or power sector, targeting order sizes of 100-150 crores. |
Guidance
- Target revenue of around 300 crores for FY27
- Target to reach at least 80% capacity utilization by the end of the next financial year
- Targeting days of 60 to 70 days for operating cycle by FY28
- Targeting more than 100 crores from railway business next year
Source
Summary written from the transcript filed by Simplex Castings Ltd for the call held on 19 Aug 2026; published 24 Aug 2026, 18:36 IST.
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