Simplex Infrastructures Limited (SIMPLEXINF)
₹275.84 +5.08% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Simplex Infrastructures' revenue was ₹291 Cr (+19.6% year on year, +2.7% on the previous quarter), and net profit ₹10.7 Cr (+113.4% year on year); the operating margin was 7.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹291 | +19.6% | +2.7% |
| Operating profit | ₹21.0 | +162.1% | -0.1% |
| Net profit | ₹10.7 | +113.4% | -43.8% |
| EPS (₹) | 1.32 | +120.0% | -45.0% |
| Operating margin | 7.2% | — | — |
SIMPLEXINF delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 42.51% of the SIMPLEXINF shares traded on NSE were taken to delivery, against the stock's own 20-session average of 61.44%. The price rose 5.08% on unusually low delivery, so more of the move than usual was intraday trading. It traded 3.5 times its average daily volume. 1 bulk or block deal was reported in SIMPLEXINF in the last 60 days: ₹12 Cr sold, none bought.
Delivery in the last 5 sessions: 50.6% · 63.1% · 30.9% · 57.0% · 42.5%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 1 Oct | Sell | Kedia Securities Private Limited | ₹11.99 Cr | ₹239.78 | 500,000 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Simplex Infrastructures has secured a new oil drilling services contract from Oil India Limited valued at approximately ₹255.52 Crores. In addition, the company announced it has received other orders across various public and private sectors aggregating approximately ₹920 Crores during the current financial year. Together, the ₹1,175.52 Crores in total inflows exceed the company's TTM revenue of ₹1,069 Crores (~110%). This brings substantial revenue visibility to the construction firm, which is currently working to reduce legacy debt and rebuild operations.
- Awarded a new oil drilling services contract by Oil India Limited worth approximately ₹255.52 Crores
- Additional orders secured across various public and private sectors during the current FY aggregate approximately ₹920 Crores
- Combined new order inflows announced stand at approximately ₹1,175.52 Crores
- New wins exceed the company's TTM revenue of ₹1,069 Crores (~110% of TTM revenue)
Simplex Infrastructures Limited has announced the closure of its trading window for Designated Persons and their immediate relatives starting October 1, 2026. The closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 for the upcoming financial results. The window will remain shut until 48 hours after the declaration of financial results for the quarter and half-year ending September 30, 2026.
- Trading window closure takes effect from October 1, 2026
- Applies to Designated Persons and their immediate relatives
- Pertains to financial results for the 2nd quarter and six months ended September 30, 2026
- Trading window to re-open 48 hours after the results are declared
Simplex Infrastructures has submitted the scrutinizer's report for its 108th Annual General Meeting held on September 23, 2026. All four resolutions were passed with requisite majority via remote e-voting and e-voting at the AGM. The adoption of FY26 financial statements received 98.36% approval (3,44,93,610 votes in favor), while the re-appointment of Director Samiran Kumar Bhattacharyya received 99.99% approval. Additional passed resolutions include ratifying cost auditor remuneration and approving remuneration for Non-Executive Nominee Director Gurumurthy Ramanathan.
- Adoption of FY26 Audited Financial Statements passed with 98.3602% votes in favor (3,44,93,610 votes) and 1.6398% against (5,75,042 votes)
- Re-appointment of Director Samiran Kumar Bhattacharyya approved with 99.9889% favorable votes
- Approval of remuneration for Non-Executive Nominee Director Gurumurthy Ramanathan passed with 99.9610% votes
- Remote e-voting was open from September 19, 2026 (9:00 AM IST) to September 22, 2026 (5:00 PM IST) across 4 proposed resolutions
Simplex Infrastructures has submitted the scrutinizer's report for its 108th Annual General Meeting held on September 23, 2026. All four resolutions were passed with requisite majority via remote e-voting and e-voting at the AGM. The adoption of FY26 financial statements received 98.36% approval (3,44,93,610 votes in favor), while the re-appointment of Director Samiran Kumar Bhattacharyya received 99.99% approval. Additional passed resolutions include ratifying cost auditor remuneration and approving remuneration for Non-Executive Nominee Director Gurumurthy Ramanathan.
- Adoption of FY26 Audited Financial Statements passed with 98.3602% votes in favor (3,44,93,610 votes) and 1.6398% against (5,75,042 votes)
- Re-appointment of Director Samiran Kumar Bhattacharyya approved with 99.9889% favorable votes
- Approval of remuneration for Non-Executive Nominee Director Gurumurthy Ramanathan passed with 99.9610% votes
- Remote e-voting was open from September 19, 2026 (9:00 AM IST) to September 22, 2026 (5:00 PM IST) across 4 proposed resolutions
Simplex Infrastructures Limited has scheduled its 108th Annual General Meeting (AGM) for Wednesday, September 23, 2026, via video conferencing. The company fixed September 16, 2026, as the cut-off date to determine shareholder eligibility for voting. The share transfer books and register of members will remain closed from September 17 to September 23, 2026. Remote e-voting is scheduled to run from September 19 to September 22, 2026.
- 108th Annual General Meeting scheduled for September 23, 2026 at 3:00 PM via VC/OAVM
- Cut-off date for e-voting eligibility set as September 16, 2026
- Book closure period fixed from September 17 to September 23, 2026 (both days inclusive)
- Remote e-voting window opens September 19, 2026 (9:00 AM) and closes September 22, 2026 (5:00 PM)
Simplex Infrastructures Limited has announced that its 108th Annual General Meeting (AGM) will take place on Wednesday, September 23, 2026, at 3:00 PM via Video Conferencing. The company has fixed Wednesday, September 16, 2026, as the cut-off date to determine shareholder voting eligibility. Remote e-voting will run from September 19, 2026 (9:00 AM) to September 22, 2026 (5:00 PM). The Register of Members and Share Transfer Books will remain closed from September 17 to September 23, 2026.
- 108th Annual General Meeting scheduled for September 23, 2026 at 3:00 PM via VC/OAVM
- Cut-off date for e-voting eligibility fixed as September 16, 2026
- Remote e-voting period open from September 19, 2026 (9:00 AM) to September 22, 2026 (5:00 PM)
- Book closure period set from September 17, 2026 to September 23, 2026 (both days inclusive)
Simplex Infrastructures Limited has submitted its quarterly statement confirming zero deviation or variation in the utilization of funds raised through a preferential issue. The company raised a total of ₹281.59 crores in May 2025, comprising equity shares and warrant conversions. CARE Ratings Limited served as the monitoring agency for this fundraise. This filing for the quarter ended June 30, 2026, indicates that the proceeds are being deployed according to the originally stated objects.
- Total amount raised through preferential issue stands at ₹281.59 Crores.
- Initial tranche of ₹262.84 Crores was raised on May 21, 2025, including 25% upfront warrant consideration.
- Additional ₹18.75 Crores was raised on May 29, 2025, via conversion of 865,052 warrants.
- CARE Ratings Limited confirmed as the monitoring agency for the fund utilization.
- Company reported 'No' deviation in the use of funds for the quarter ended June 30, 2026.
Simplex Infrastructures reported a standalone net profit of ₹10.43 Cr for the quarter ended June 30, 2026, up 19% from ₹8.77 Cr in the same period last year. This growth comes despite a 2.3% decline in revenue from operations to ₹150.06 Cr. A significant highlight is the expansion of operating margins to 13.58% from 8.23% YoY, indicating improved operational efficiency. The company continues its debt restructuring process, having executed a Master Restructuring Agreement (MRA) with NARCL, though ₹46.16 Cr remains overdue to one non-assigned lender.
- Net Profit for Q1 FY27 increased to ₹10.43 Cr compared to ₹8.77 Cr in Q1 FY26.
- Operating Margin improved significantly to 13.58% from 8.23% in the year-ago quarter.
- Revenue from operations saw a marginal decline of 2.3% YoY, standing at ₹150.06 Cr.
- Debt-Equity ratio stood at 2.59 as of June 2026, compared to 1.81 in March 2026.
- Overdue debt of ₹46.16 Cr with one non-assigned lender is currently under advanced negotiation for settlement.
Simplex Infrastructures Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that for the quarter ended June 30, 2026, the company's Registrar and Share Transfer Agent, MCS Share Transfer Agent Ltd, has processed all dematerialization requests. This includes the destruction and mutilation of physical certificates after confirming the same with depositories. This is a standard administrative procedure for listed companies and does not impact financial performance.
- Compliance certificate issued for the quarter ended June 30, 2026
- Covers the dematerialization period from April 1, 2026, to June 30, 2026
- Confirms destruction of physical security certificates within the stipulated time
- Registrar and Share Transfer Agent identified as MCS Share Transfer Agent Limited
Simplex Infrastructures Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 1, 2026. This move is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure is in anticipation of the declaration of the company's financial results for the first quarter ended June 30, 2026. The trading window will remain closed until 48 hours after the financial results are officially announced to the exchanges.
- Trading window closure effective from July 1, 2026
- Closure pertains to the financial results for the quarter ended June 30, 2026
- Window to reopen 48 hours after the declaration of Q1 financial results
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
Simplex Infrastructures Limited has filed its statement of deviation for the quarter ended March 31, 2026, confirming that funds raised through a preferential issue have been utilized as intended. The company raised a total of Rs 281.59 crores through equity and warrant conversions between May and July 2025. The monitoring agency, Care Ratings Limited, and the company's Audit Committee have reviewed the utilization and reported no deviations or variations. This filing provides transparency regarding the deployment of capital for the company's stated objectives.
- Total capital raised via preferential issue and warrant conversion stands at Rs 281.59 crores.
- Initial proceeds included Rs 209.22 crores from equity and Rs 53.62 crores from upfront warrant payments.
- An additional Rs 18.75 crores was realized upon the conversion of 865,052 warrants into equity shares.
- Care Ratings Limited, the monitoring agency, confirmed zero deviation in the use of funds for the quarter.
- The Audit Committee reviewed the statement on May 28, 2026, and offered no adverse comments.
Simplex Infrastructures Limited reported a significant turnaround for the fiscal year ended March 31, 2026, with a standalone net profit of ₹43.21 crore compared to ₹13.49 crore in the previous year. Total income for FY26 surged to ₹670.16 crore from ₹190.81 crore in FY25. A key development is the company entering into a Master Restructuring Agreement (MRA) with NARCL for debt restructuring. However, the company continues to report outstanding defaults on loans and debt securities, which remains a primary concern for stakeholders.
- Standalone total income for FY26 reached ₹670.16 crore, a substantial increase from ₹190.81 crore in FY25.
- Net profit after tax for the full year FY26 rose to ₹43.21 crore, up from ₹13.49 crore in the previous fiscal.
- Basic Earnings Per Share (EPS) improved significantly to ₹7.56 for FY26 compared to ₹2.36 in FY25.
- The company has entered into a Master Restructuring Agreement (MRA) with NARCL for debt restructuring purposes.
- Auditors highlighted a statement of outstanding defaults on loans and debt securities as of March 31, 2026.
Simplex Infrastructures Limited announced the results of its Extraordinary General Meeting held on April 22, 2026. Shareholders approved the re-appointment of Mr. Pratap Kumar Chakravarty and Mrs. Indira Biswas as Independent Directors through special resolutions. Both appointments received overwhelming support, with 99.989% of votes cast in favor, representing 3,43,35,724 shares. This move ensures management continuity and adherence to corporate governance standards.
- Shareholders approved the re-appointment of two Independent Directors via Special Resolutions.
- Mr. Pratap Kumar Chakravarty's re-appointment received 3,43,35,724 votes in favor (99.989%).
- Mrs. Indira Biswas's re-appointment also received 3,43,35,724 votes in favor (99.989%).
- Only 3,788 votes (0.011%) were cast against the resolutions for both directors.
- A total of 1,01,926 votes were declared invalid for both resolutions.
Simplex Infrastructures Limited announced the results of its Extraordinary General Meeting held on April 22, 2026. Shareholders overwhelmingly approved the re-appointment of Mr. Pratap Kumar Chakravarty and Mrs. Indira Biswas as Independent Directors. Both resolutions received 3,43,35,724 votes in favor, representing approximately 99.9890% of the total valid votes cast. This high level of consensus indicates strong shareholder support for the existing board leadership and governance structure.
- Re-appointment of Mr. Pratap Kumar Chakravarty as Independent Director approved with 99.9890% majority.
- Re-appointment of Mrs. Indira Biswas as Independent Director approved with 99.9890% majority.
- A total of 3,43,35,724 votes were cast in favor of both resolutions.
- Opposition was negligible, with only 3,788 votes (0.0110%) cast against the proposals.
- 1,01,926 votes were declared invalid during the scrutinizing process.
Simplex Infrastructures Limited held an EGM on April 22, 2026, highlighting significant progress in its restructuring framework led by the National Asset Reconstruction Company Limited (NARCL). The management is pivoting towards a disciplined bidding strategy, focusing on projects with lower working capital requirements and higher cash flow visibility. Shareholders voted on special resolutions for the re-appointment of two Independent Directors, Mr. Pratap Kumar Chakravarty and Mrs. Indira Biswas. The company aims to rebuild its project pipeline across government and private sectors while managing global supply chain risks.
- Meaningful progress reported in the debt restructuring framework led by NARCL.
- Strategic shift to projects with lower working capital needs and strong cash flow visibility.
- Special resolutions proposed for the re-appointment of two Independent Directors to the Board.
- The EGM was attended by 37 members and concluded within 35 minutes.
- Management emphasized a calibrated bidding strategy to counter global supply chain disruptions.
Financial Performance
Revenue Growth by Segment
Standalone revenue from operations declined by 27.66% YoY to INR 731.31 Cr in FY25 from INR 1,010.95 Cr in FY24. Consolidated revenue fell 22.54% YoY to INR 1,075.6 Cr from INR 1,388.5 Cr. Q1FY26 standalone revenue was INR 153.53 Cr, a decrease of 23.08% compared to Q1FY25 revenue of INR 199.56 Cr.
Geographic Revenue Split
The company maintains an overseas presence in Saudi Arabia, Bangladesh, Bahrain, UAE, Qatar, Ethiopia, and Sri Lanka. Specific percentage contribution per region is not disclosed in available documents.
Profitability Margins
Standalone Net Profit Margin improved to 1.23% in FY25 from -6.99% in FY24. Consolidated Net Profit Margin for the quarter ended September 30, 2025, was 3.48%, compared to -4.00% in the previous year's corresponding period. The turnaround is primarily driven by debt restructuring and settlement gains.
EBITDA Margin
Standalone EBITDA margin stood at 2.96% in FY25, a slight improvement from 2.76% in FY24. Consolidated operating margin for the half-year ended September 2025 was 6.58%, up from 1.12% YoY, reflecting better operational control despite lower scale.
Capital Expenditure
Historical capital expenditure is reflected in Property, Plant, and Equipment valued at INR 194.38 Cr as of September 30, 2025, down from INR 239.16 Cr in March 2025. Planned CAPEX is not specifically quantified, though the company is focusing on optimizing its existing project portfolio.
Credit Rating & Borrowing
The company is rated 'IVR D, ISSUER NOT COOPERATING' as of September 24, 2025, indicating default status. Borrowing costs are high due to default; however, interest coverage ratio improved to 0.94x in FY25 from 0.26x in FY24 following debt reductions.
Operational Drivers
Raw Materials
Specific raw materials include steel, cement, and aggregates required for civil construction and EPC contracts. While specific cost percentages per material are not listed, 'Materials Consumed' is a primary expense line item in the consolidated results.
Import Sources
Not disclosed in available documents; however, the company operates in India and the Middle East, suggesting local sourcing in those regions.
Key Suppliers
Not disclosed in available documents; the company maintains a 'diversified supplier base' to manage material availability.
Capacity Expansion
The company focuses on EPC and turnkey civil construction. Current capacity is measured by its ability to execute large-scale infrastructure projects across various sectors. No specific MT/MW expansion targets are provided.
Raw Material Costs
Raw material costs are managed through strategic sourcing and long-term vendor relationships to mitigate price fluctuations. The company uses a rigorous pre-bid evaluation to factor in material cost risks.
Manufacturing Efficiency
Efficiency is tracked through project execution timelines and resource allocation. The company is upgrading systems and exploring innovative engineering solutions to improve execution speed.
Logistics & Distribution
Not specifically disclosed; however, logistics costs are inherent in the mobilization of heavy equipment and materials to diverse project sites across India and overseas.
Strategic Growth
Expected Growth Rate
15-20%
Growth Strategy
Growth will be achieved through a preferential issue of equity and warrants aggregating INR 423.69 Cr to improve liquidity, prioritizing debt reduction (total debt reduced from INR 7,184.53 Cr to INR 2,178.76 Cr in one year), and optimizing the project portfolio to focus on high-margin civil construction and EPC contracts.
Products & Services
EPC contracts, turnkey civil construction projects, piling systems (Simplex system), structural design, and architectural services for infrastructure sectors.
Brand Portfolio
Simplex Infrastructures Limited, Simplex Piling System.
New Products/Services
The company is exploring innovation in engineering solutions and upgrading technological systems to enhance project delivery, though specific new product revenue contributions are not quantified.
Market Expansion
The company is targeting the Indian government's $5 trillion economy vision, focusing on domestic infrastructure while maintaining its existing footprint in the Middle East and Africa.
Market Share & Ranking
Identified as one of the leading construction companies in India with a history spanning since 1924.
Strategic Alliances
The Group includes 14 joint operations and various subsidiaries/associates for project execution, though specific new partner names for FY26 are not listed.
External Factors
Industry Trends
The industry is shifting toward more complex turnkey projects and sustainable infrastructure. Simplex is positioning itself by upgrading technology and focusing on cash flow management to survive the current consolidation phase in the construction sector.
Competitive Landscape
Faces intense competition from other large-scale domestic and international EPC players in the infrastructure and construction industry.
Competitive Moat
The primary moat is the 'Simplex' piling system and a 100-year track record in civil engineering. This technical expertise is sustainable but currently challenged by the company's financial default status.
Macro Economic Sensitivity
Highly sensitive to government infrastructure spending and GDP growth. A slowdown in public sector CAPEX would directly reduce the tendering pipeline for EPC contracts.
Consumer Behavior
Not applicable as the company is B2B/B2G; demand is driven by government policy and industrial CAPEX cycles.
Geopolitical Risks
Operations in the Middle East (Qatar, UAE, Saudi Arabia) and Africa (Ethiopia) expose the company to regional political instability and potential security threats like vandalism.
Regulatory & Governance
Industry Regulations
Operations are subject to construction safety norms, labor laws, and sector-specific technical standards. Compliance is monitored through internal audits and SOPs.
Environmental Compliance
The company is ISO 9001:2015 certified, indicating adherence to quality management standards which include operational safety and environmental considerations.
Taxation Policy Impact
The company utilizes Deferred Tax Assets, which it expects to adjust against future projected profits. Current tax liabilities are managed as per Indian Accounting Standards.
Legal Contingencies
The company has overdue debts to non-assigned lenders amounting to INR 140.77 Cr as of September 30, 2025. It is also involved in various settlement agreements to resolve unsustainable debt, resulting in a net gain of INR 0.34 Cr in the latest quarter.
Risk Analysis
Key Uncertainties
Liquidity constraints and the 'Issuer Not Cooperating' status pose a significant risk to project execution and the ability to secure new bank guarantees for bidding.
Geographic Concentration Risk
While present in 7 countries, the majority of operations and the current financial recovery are centered in India.
Third Party Dependencies
Dependency on sub-contractors for project execution; sub-contractors' charges are a significant expense line item in the consolidated financials.
Technology Obsolescence Risk
Risk of evolving business models and technological changes in construction. The company mitigates this by continuously upgrading its engineering systems.
Credit & Counterparty Risk
Credit risk is managed through a rigorous pre-bid evaluation of clients' financial feasibility. Receivables quality is a key focus for cash flow optimization.
