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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Simplex Infrastructures Ltd

Basic Stock Data

Last Updated: June 17, 2024, 8:13 pm

Market Cap 827 Cr.
Current Price 145
High / Low152/29.8
Stock P/E
Book Value 40.6
Dividend Yield0.00 %
ROCE0.35 %
ROE27.1 %
Face Value 2.00
PEG Ratio0.00

Competitors of Simplex Infrastructures Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Rail Vikas Nigam Ltd 85,434 Cr. 410425/11754.3 42.00.52 %18.4 %19.6 % 10.0
SS Infrastructure Development Consultants Ltd (SSINFRA) 6.80 Cr. 4.806.50/4.60 32.40.00 %2.48 %9.56 % 10.0
Patel Engineering Ltd 5,863 Cr. 69.479.0/28.226.4 40.80.00 %13.9 %7.34 % 1.00
SKIL Infrastructure Ltd 117 Cr. 5.4210.2/3.456.87 9.140.00 %0.21 %% 10.0
Setubandhan Infrastructure Ltd 12.2 Cr. 0.970.97/0.55135 3.940.00 %0.44 %0.18 % 1.00
Industry Average7,507.79 Cr304.9737.24142.690.10%13.57%50.55%6.71

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales691453535485574498481421473399312316361
Expenses659435512498591508478417460388307308360
Operating Profit321822-13-17-9341411691
OPM %5%4%4%-3%-3%-2%1%1%3%3%2%3%0%
Other Income30149141062156516410
Interest1961622011991942022041992342225115-263
Depreciation30282726242322212019171716
Profit before tax-163-158-196-223-225-172-207-211-235-229-11-120257
Tax %29%34%35%34%34%41%34%35%59%35%33%35%36%
Net Profit-117-104-128-148-148-101-136-137-97-150-7-79164
EPS in Rs-20.38-18.15-22.31-25.96-26.00-17.63-23.80-24.02-16.95-26.30-1.27-13.8028.72

Last Updated: June 9, 2024, 2:14 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 26, 2024, 5:26 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6,0105,8975,6156,2025,8945,6125,7676,1174,0262,2002,0471,8741,501
Expenses5,5525,4315,0955,6005,1844,9725,1195,4083,9212,1932,0331,8621,462
Operating Profit4584665206037106406487091057141239
OPM %8%8%9%10%12%11%11%12%3%0%1%1%3%
Other Income20424132731571341136759448815
Interest232290335393429445452471517644755839576
Depreciation1191351401542061991841681381251058674
Profit before tax127838687149153147183-483-702-801-825-596
Tax %35%37%31%39%29%12%23%33%34%33%34%43%
Net Profit82525953105134113122-321-469-527-471-333
EPS in Rs16.9110.7611.8211.5921.7527.6522.8121.40-56.14-82.13-92.42-82.41-58.32
Dividend Payout %12%9%4%4%2%2%2%2%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-36.59%13.46%-10.17%98.11%27.62%-15.67%7.96%-363.11%-46.11%-12.37%10.63%
Change in YoY Net Profit Growth (%)0.00%50.05%-23.63%108.28%-70.49%-43.29%23.64%-371.08%317.01%33.74%22.99%

Growth

Compounded Sales Growth
10 Years:-11%
5 Years:-20%
3 Years:-23%
TTM:-24%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-26%
TTM:36%
Stock Price CAGR
10 Years:-2%
5 Years:-3%
3 Years:64%
1 Year:292%
Return on Equity
10 Years:-9%
5 Years:-26%
3 Years:-50%
Last Year:-100%

Last Updated: May 1, 2024, 8:31 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10101010101010111111111111
Reserves1,1961,2911,4241,4721,4001,5221,6211,9931,7551,255738289135
Borrowings2,1322,6782,9313,3693,3993,3253,5373,4483,8734,6085,3545,9846,297
Other Liabilities2,9473,1743,1483,6483,0983,5654,0414,1423,6623,4413,7654,0884,101
Total Liabilities6,2857,1527,5128,4987,9078,4239,2089,5949,3029,3169,86810,37310,544
Fixed Assets1,2791,2351,1961,2391,2881,1791,1021,022891745627531490
CWIP444310581515131293222
Investments5411013614711611210910590825378
Other Assets4,9085,7646,0767,1046,4877,1177,9848,4558,3118,4869,1859,83210,045
Total Assets6,2857,1527,5128,4987,9078,4239,2089,5949,3029,3169,86810,37310,544

Reserves and Borrowings Chart

Simplex Infrastructures Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 46-129245252067340133-19-483-447-432
Cash from Investing Activity -256-96-125-134-213-134-164-70727822206
Cash from Financing Activity 194237-10671-318-514-17932-88385404259
Net Cash Flow-171215-60-102558-6-34-20-2033

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow458.00464.00518.00600.00707.00637.00645.00706.00102.003.009.007.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days10314314014080999284130219245268
Inventory Days139129170183137165145134148204297270
Days Payable2552673333592833793823764987171,2041,338
Cash Conversion Cycle-135-22-36-66-114-145-159-220-294-662-801
Working Capital Days115156187207211231244247375760839928
ROCE %12%10%10%11%12%12%12%12%0%-1%-1%-1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters49.83%49.83%49.83%49.83%49.82%49.82%49.82%49.82%49.82%49.82%49.82%49.82%
FIIs1.15%0.42%0.45%0.47%0.40%0.42%0.42%0.26%0.35%0.35%0.35%0.35%
DIIs8.84%8.83%8.84%8.84%8.84%8.84%8.84%8.84%8.84%0.94%0.94%0.94%
Public40.19%40.92%40.89%40.87%40.94%40.92%40.91%41.08%40.99%48.88%48.89%48.89%
No. of Shareholders22,37421,54220,78820,76019,11718,69318,71119,37619,43219,31017,34516,590

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Infrastructure Fund - Regular Plan535,2970.334.29535,2972024-06-120%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-12.65-82.41-92.42-82.13-56.14
Diluted EPS (Rs.)-12.65-82.41-92.42-82.13-56.14
Cash EPS (Rs.)-0.38-65.91-68.63-58.57-31.93
Book Value[Excl.RevalReserv]/Share (Rs.)40.6852.67130.96220.98307.26
Book Value[Incl.RevalReserv]/Share (Rs.)40.6852.67130.96220.98307.26
Revenue From Operations / Share (Rs.)242.10326.74356.89383.61702.06
PBDIT / Share (Rs.)8.0518.7515.1513.0730.07
PBIT / Share (Rs.)-4.093.80-3.11-8.736.06
PBT / Share (Rs.)-17.96-142.50-134.73-120.95-84.14
Net Profit / Share (Rs.)-12.53-80.85-86.89-80.37-55.94
NP After MI And SOA / Share (Rs.)-12.60-82.11-92.09-81.84-55.94
PBDIT Margin (%)3.325.734.243.404.28
PBIT Margin (%)-1.691.16-0.87-2.270.86
PBT Margin (%)-7.41-43.61-37.74-31.52-11.98
Net Profit Margin (%)-5.17-24.74-24.34-20.94-7.96
NP After MI And SOA Margin (%)-5.20-25.12-25.80-21.33-7.96
Return on Networth / Equity (%)-31.15-156.58-70.47-37.04-18.15
Return on Capital Employeed (%)-6.795.67-2.18-3.651.72
Return On Assets (%)-0.69-4.53-5.35-5.03-3.44
Long Term Debt / Equity (X)0.000.000.000.040.13
Total Debt / Equity (X)30.9519.907.143.232.02
Asset Turnover Ratio (%)0.130.180.180.210.41
Current Ratio (X)0.870.880.931.011.12
Quick Ratio (X)0.840.850.880.951.05
Inventory Turnover Ratio (X)0.631.181.100.000.00
Dividend Payout Ratio (NP) (%)0.000.000.000.00-0.89
Dividend Payout Ratio (CP) (%)0.000.000.000.00-1.56
Earning Retention Ratio (%)0.000.000.000.00100.89
Cash Earning Retention Ratio (%)0.000.000.000.00101.56
Interest Coverage Ratio (X)0.580.120.110.110.33
Interest Coverage Ratio (Post Tax) (X)0.090.440.330.280.37
Enterprise Value (Cr.)7707.196120.995600.934218.143595.08
EV / Net Operating Revenue (X)5.553.272.741.920.89
EV / EBITDA (X)166.8956.9364.4856.2920.84
MarketCap / Net Operating Revenue (X)0.420.100.130.080.02
Retention Ratios (%)0.000.000.000.00100.89
Price / BV (X)2.530.640.360.130.05
Price / Net Operating Revenue (X)0.420.100.130.080.02
EarningsYield-0.12-2.42-1.95-2.66-3.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 168.34

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 16.10% compared to the current price 145

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 133.57

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 7.88% compared to the current price ₹145

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -20.66%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -210.58, which is a positive sign.
  1. The stock has a low average ROCE of 7.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 375.00, which may not be favorable.
  3. The company has higher borrowings (4,140.50) compared to reserves (1,248.33), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (4.08) and profit (-184.00).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Simplex Infrastructures Ltd:
    1. Net Profit Margin: -5.17%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -6.79% (Industry Average ROCE: 11.94%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -31.15% (Industry Average ROE: 9.7%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.09
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.84
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: (Industry average Stock P/E: 20.44)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: 30.95
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

Simplex Infrastructures Ltd. is a Public Limited Listed company incorporated on 19/12/1924 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L45209WB1924PLC004969 and registration number is 004969. Currently Company is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 1736.29 Cr. and Equity Capital is Rs. 11.47 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringSimplex House, Kolkata West Bengal 700017secretarial.legal@simplexinfra.com
http://www.simplexinfra.com
Management
NamePosition Held
Mr. Rajiv MundhraChairman
Mr. S DuttaWholeTime Director & CFO
Mr. Shamik DasguptaNon Executive Director
Mrs. Indira BiswasIndependent Director
Dr. Dinabandhu MukhopadhyayIndependent Director
Mr. Pratap Kumar ChakravartyIndependent Director

FAQ

What is the latest fair value of Simplex Infrastructures Ltd?

The latest fair value of Simplex Infrastructures Ltd is ₹168.34.

What is the Market Cap of Simplex Infrastructures Ltd?

The Market Cap of Simplex Infrastructures Ltd is 827 Cr..

What is the current Stock Price of Simplex Infrastructures Ltd as on 23 June 2024?

The current stock price of Simplex Infrastructures Ltd as on 23 June 2024 is ₹145.

What is the High / Low of Simplex Infrastructures Ltd stocks in FY 2024?

In FY 2024, the High / Low of Simplex Infrastructures Ltd stocks is 152/29.8.

What is the Stock P/E of Simplex Infrastructures Ltd?

The Stock P/E of Simplex Infrastructures Ltd is .

What is the Book Value of Simplex Infrastructures Ltd?

The Book Value of Simplex Infrastructures Ltd is 40.6.

What is the Dividend Yield of Simplex Infrastructures Ltd?

The Dividend Yield of Simplex Infrastructures Ltd is 0.00 %.

What is the ROCE of Simplex Infrastructures Ltd?

The ROCE of Simplex Infrastructures Ltd is 0.35 %.

What is the ROE of Simplex Infrastructures Ltd?

The ROE of Simplex Infrastructures Ltd is 27.1 %.

What is the Face Value of Simplex Infrastructures Ltd?

The Face Value of Simplex Infrastructures Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Simplex Infrastructures Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE