Simplex casting Limited has announced its Q3FY26 earnings conference call scheduled for February 10, 2026 at 4:00 PM IST, as disclosed in a regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations 2015.

Conference Call Details

The earnings call will be conducted by Arihant Capital Markets Limited and will feature key management representatives discussing the company's quarterly performance.

Management Participation

The conference call will be represented by senior management including Mr. Ketan Shah, Chairman and Executive Director, and Mr. Avinash Hariharno, Chief Financial Officer. The management team will present the quarterly results and address investor queries.

Access Information

Investors and stakeholders can join the conference call through the provided Zoom link. The company has shared complete access details including meeting ID and passcode for participant convenience.

Recent Business Developments

This earnings call follows the company's recent announcement of securing a substantial Rs 22.50 crore fabrication order from Gaja Engineering Private Limited. The order encompasses fabrication and blasting services for 2500MT of fabrication structures with a 24-month completion timeline.

Regulatory Compliance

The conference call announcement was made in compliance with SEBI regulations, ensuring transparency in corporate communications. The company maintains its commitment to regular investor engagement through structured earnings calls and regulatory disclosures.

Simplex Castings Limited has received fresh credit ratings from Infomerics Valuation and Rating Limited for its bank facilities worth ₹72.00 crores. The rating agency assigned IVR BB+/Stable rating for long-term facilities and IVR A4+ for short-term facilities, reflecting the company's improved operational performance and financial metrics.

Credit Rating Details

Infomerics Valuation and Rating Limited assigned the following ratings to Simplex Castings Limited's bank facilities:

The ratings derive comfort from the company's long track record of operations under experienced promoters, stable customer and supplier relationships, and improvement in scale of operations accompanied by growth in profitability.

Financial Performance Highlights

Simplex Castings demonstrated significant improvement in its financial performance during FY25. The company's scale of operations increased at a CAGR of approximately 23.00% during FY23-FY25, with year-on-year growth of approximately 40.00% in FY25.

The improvement in profitability was attributed to a strategic shift from small, customized orders to bulk orders, which enhanced material efficiency, reduced per-unit costs, and improved operating leverage. During H1FY2026, the company achieved a topline of ₹100.61 crores, improved from ₹56.87 crores in H1FY2025.

Capital Structure and Debt Profile

The company's financial risk profile improved significantly, with comfortable debt coverage indicators. The capital structure showed marked improvement with long-term debt equity ratio of 0.12x and overall gearing of 0.75x as of March 31, 2025, compared to 1.33x and 3.62x respectively as of March 31, 2024.

Key Rating Strengths and Concerns

The ratings are supported by the company's experienced promoter base with over four decades in the castings industry, led by Mr. Ketan Moolchand Shah and Mrs. Sangeeta Ketan Shah. However, the ratings face constraints from an elongated working capital cycle, primarily due to high receivables and inventory levels, and susceptibility to intense competition in the castings industry.

The company's profitability remains exposed to volatility in raw material prices, as raw materials account for over 90.00% of production costs. Additionally, exposure to cyclical end-user industries makes earnings vulnerable to demand slowdowns.

Business Operations

Incorporated in 1980, Simplex Castings Limited manufactures castings, forgings, and fabricated assemblies for steel, power, mining, railways, and infrastructure sectors. The company operates manufacturing units at Bhilai and Tedesara in Chhattisgarh, strategically located near steel plants and raw material sources. The company is currently commissioning its fifth Electric Arc Furnace to support higher production volumes.

The stable outlook reflects expected stable business performance supported by steady growth across grey, alloy and stainless-steel castings amid rising infrastructure, automotive, and industrial demand.