Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹1,919Cr
Infra - Construction & Contracting
Rev Gr TTM
Revenue Growth TTM
-11.62%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

SIMPLEXINF
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -17.5 | -19.9 | -35.1 | -24.8 | -23.8 | -25.8 | -14.2 | -27.4 | -21.9 | -18.0 | -7.5 | 7.8 |
| 459 | 388 | 307 | 308 | 357 | 295 | 265 | 226 | 267 | 235 | 232 | 238 |
Operating Profit Operating ProfitCr |
| 3.0 | 2.7 | 1.8 | 2.7 | 0.9 | 0.3 | 1.1 | 1.6 | 5.4 | 3.1 | 6.4 | 4.1 |
Other Income Other IncomeCr | 5 | 1 | 6 | 4 | 8 | 10 | 4 | 3 | 52 | 10 | 10 | 18 |
Interest Expense Interest ExpenseCr | 234 | 222 | 5 | 115 | -263 | 6 | 5 | 2 | 2 | 2 | 5 | 5 |
Depreciation DepreciationCr | 20 | 19 | 17 | 17 | 16 | 16 | 16 | 16 | 8 | 7 | 7 | 7 |
| -235 | -229 | -11 | -120 | 257 | -10 | -14 | -11 | 58 | 8 | 13 | 16 |
| -138 | -79 | -4 | -42 | 94 | -1 | -4 | 0 | 14 | 3 | 5 | 7 |
|
Growth YoY PAT Growth YoY% | 34.4 | -48.9 | 94.6 | 42.8 | 269.0 | 93.6 | -46.6 | 85.9 | -73.5 | 151.7 | 180.4 | 173.0 |
| -20.5 | -37.6 | -2.3 | -24.8 | 45.4 | -3.2 | -4.0 | -4.8 | 15.4 | 2.0 | 3.5 | 3.3 |
| -16.9 | -26.3 | -1.3 | -13.8 | 28.7 | -1.7 | -1.9 | -2.0 | 7.6 | 0.7 | 1.1 | 1.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 10.4 | -5.0 | -4.8 | 2.8 | 6.1 | -34.2 | -45.4 | -7.0 | -8.4 | -25.9 | -22.5 | -5.2 |
| 5,621 | 5,195 | 4,976 | 5,117 | 5,408 | 3,921 | 2,185 | 2,006 | 1,854 | 1,360 | 1,053 | 971 |
Operating Profit Operating ProfitCr |
| 9.4 | 11.8 | 11.3 | 11.3 | 11.6 | 2.6 | 0.7 | 2.0 | 1.0 | 2.0 | 2.1 | 4.8 |
Other Income Other IncomeCr | 53 | 96 | 161 | 133 | 113 | 67 | 51 | 17 | 81 | 18 | 69 | 90 |
Interest Expense Interest ExpenseCr | 393 | 429 | 445 | 452 | 471 | 517 | 644 | 755 | 839 | 80 | 15 | 15 |
Depreciation DepreciationCr | 154 | 206 | 199 | 184 | 168 | 138 | 125 | 105 | 86 | 70 | 55 | 29 |
| 87 | 160 | 153 | 147 | 183 | -483 | -702 | -801 | -825 | -103 | 22 | 95 |
| 34 | 43 | 19 | 34 | 61 | -162 | -233 | -274 | -354 | -31 | 10 | 30 |
|
| -9.9 | 120.6 | 15.0 | -15.9 | 8.1 | -363.1 | -46.2 | -12.3 | 10.7 | 84.7 | 116.7 | 439.3 |
| 0.8 | 2.0 | 2.4 | 2.0 | 2.0 | -8.0 | -21.3 | -25.8 | -25.1 | -5.2 | 1.1 | 6.4 |
| 11.6 | 21.8 | 27.6 | 22.8 | 22.0 | -56.1 | -82.1 | -92.4 | -82.4 | -12.7 | 2.0 | 10.4 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 10 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 13 | 16 |
| 1,472 | 1,400 | 1,523 | 1,621 | 1,993 | 1,755 | 1,255 | 738 | 289 | 220 | 510 | 920 |
Current Liabilities Current LiabilitiesCr | 6,259 | 5,789 | 6,194 | 6,899 | 7,107 | 7,283 | 7,947 | 9,054 | 9,989 | 10,068 | 2,068 | 1,643 |
Non Current Liabilities Non Current LiabilitiesCr | 751 | 700 | 699 | 682 | 444 | 256 | 102 | 63 | 82 | 112 | 1,745 | 1,660 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 7,027 | 6,464 | 7,093 | 7,926 | 8,386 | 8,156 | 8,028 | 8,433 | 8,826 | 8,844 | 3,383 | 3,229 |
Non Current Assets Non Current AssetsCr | 1,471 | 1,444 | 1,330 | 1,282 | 1,208 | 1,146 | 1,288 | 1,435 | 1,547 | 1,570 | 956 | 1,012 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 2 | 520 | 673 | 401 | 33 | -19 | -483 | -447 | -432 | -83 | 208 |
Investing Cash Flow Investing Cash FlowCr | -134 | -213 | -133 | -164 | -71 | 70 | 79 | 22 | 205 | 2 | -24 |
Financing Cash Flow Financing Cash FlowCr | 71 | -318 | -514 | -179 | 32 | -88 | 385 | 404 | 259 | 83 | -127 |
|
Free Cash Flow Free Cash FlowCr | -150 | 270 | 576 | 288 | -39 | -8 | -437 | -434 | -411 | -88 | 178 |
| 4.1 | 445.9 | 501.6 | 355.4 | 26.7 | 5.8 | 102.9 | 84.8 | 91.6 | 114.4 | 1,723.6 |
CFO To EBITDA CFO To EBITDA% | 0.4 | 74.5 | 105.8 | 61.7 | 4.6 | -17.8 | -3,110.7 | -1,097.7 | -2,215.7 | -293.2 | 915.7 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 2,261 | 1,237 | 1,538 | 2,578 | 1,027 | 104 | 176 | 270 | 194 | 585 | 2,164 |
Price To Earnings Price To Earnings | 40.0 | 11.5 | 11.3 | 22.9 | 8.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 187.2 |
Price To Sales Price To Sales | 0.4 | 0.2 | 0.3 | 0.5 | 0.2 | 0.0 | 0.1 | 0.1 | 0.1 | 0.4 | 2.0 |
Price To Book Price To Book | 1.5 | 0.9 | 1.0 | 1.6 | 0.5 | 0.1 | 0.1 | 0.4 | 0.7 | 2.5 | 4.2 |
| 9.6 | 6.5 | 7.5 | 9.2 | 6.0 | 34.2 | 305.0 | 137.5 | 314.1 | 273.2 | 185.9 |
Profitability Ratios Profitability Ratios |
| 67.4 | 66.6 | 70.6 | 67.1 | 65.5 | 68.1 | 63.0 | 76.3 | 76.9 | 85.3 | 89.0 |
| 9.4 | 11.8 | 11.3 | 11.3 | 11.6 | 2.6 | 0.7 | 2.0 | 1.0 | 2.0 | 2.1 |
| 0.8 | 2.0 | 2.4 | 2.0 | 2.0 | -8.0 | -21.3 | -25.8 | -25.1 | -5.2 | 1.1 |
| 10.0 | 12.3 | 12.4 | 11.7 | 12.2 | 0.7 | -1.0 | -0.8 | 0.2 | -0.3 | 1.4 |
| 3.6 | 8.3 | 8.8 | 6.9 | 6.1 | -18.2 | -37.0 | -70.3 | -156.6 | -31.2 | 2.3 |
| 0.6 | 1.5 | 1.6 | 1.2 | 1.3 | -3.5 | -5.0 | -5.3 | -4.5 | -0.7 | 0.3 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
#### **Overview**
Simplex Infrastructures Limited, incorporated in **1924**, is a **century-old diversified engineering and construction (EPC) company** headquartered in Kolkata, India. With over **100 years of experience**, the company has established itself as a key player in India’s infrastructure landscape, executing complex, large-scale civil engineering projects domestically and internationally.
The company operates across multiple verticals, offering **end-to-end EPC solutions**—from design and planning to construction and delivery—leveraging **in-house engineering expertise**, advanced technology, and a skilled workforce. It plays a strategic role in supporting major national initiatives such as **Bharatmala, Smart Cities, and the National Infrastructure Pipeline (NIP)**.
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#### **Core Business Segments & Order Book (as of Sep 2025)**
Simplex Infrastructures maintains a **diversified project portfolio**, with the following segments contributing to its current order book:
| **Segment** | **Share of Order Book** | **Key Activities & Projects** |
|---------------------------|--------------------------|-------------------------------|
| **Building & Housing** | **24%** | High-rise residential towers, mass housing complexes, hospitals, hotels, institutional campuses. Notable project: 576-unit housing complex in Rajarhat, Kolkata (using tunnel shuttering). Cumulative construction footprint exceeds **20 million sq ft**. |
| **Industrial Infrastructure** | **22%** | Turnkey projects for factories, manufacturing units, refineries, warehouses in steel, cement, chemicals, and automotive sectors. Specializes in **piling, deep foundations, RCC structures, and pre-engineered buildings**. |
| **Roads & Highways** | **20%** | End-to-end civil construction for highways, expressways, flyovers, and bridges. Collaborates with **NHAI and state PWDs**. Employs its own fleet of specialized machinery for complex piling and heavy civil works. |
| **Power Sector** | **20%** | Civil construction, structural work, precision fabrication, high-voltage transmission lines, and **deep piling for power plants and corridors** across India. |
| **Urban Infrastructure** | **13%** | Metro rail systems, transport hubs, and civic infrastructure in major cities including **Mumbai, Delhi, Kolkata, and Bangalore**. Known for pioneering **automatic track-laying technology** for high-speed rail. |
| **Railways** | **<1%** (Insignificant) | Historically a major contributor with legacy metro and rail projects. However, current order book contribution is minimal. |
| **Marine & Ports** | **<1%** (Insignificant) | Expertise in underwater piling, marine structures, port development (e.g., Goa, Haldia, Mundra, Kochi). Completed technically challenging piling for a **240-meter transmission tower in the Hooghly River**. |
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#### **Geographical Presence & Subsidiaries**
Simplex Infrastructures has a **pan-India and international footprint**, operating through a network of **subsidiaries, joint ventures, and associate companies**:
##### **Domestic Subsidiaries (100% Owned):**
- **Simplex Infra Development Private Limited** – Focused on infrastructure development in India.
- **Maa Durga Expressways Private Limited** – Highway construction projects.
- **Jaintia Highway Private Limited** – Road infrastructure development.
##### **Other Indian Entities:**
- **Arabian Construction Company – Simplex Infra Private Limited** (50% stake) – Joint venture for construction projects.
- **PC Patel Mahalaxmi Simplex Consortium Private Limited** (51% stake) – Engaged in mine development and operations.
- **Shree Jagannath Expressways Private Limited** – Previously held 34% via subsidiary; stake divested in FY2023.
##### **International Presence:**
- **Simplex (Middle East) Limited** – **100% subsidiary** in UAE (Dubai).
- **Simplex Infrastructures L.L.C.** – **45% stake** in Oman.
- **Simplex – Almoayyed W.L.L.** – **49% stake** in Bahrain (Gulf region strategic partner).
- **Simplex Bangladesh Private Limited** – **95% owned**, executing construction projects in Bangladesh.
- **Libya Joint Venture** – **65% controlling interest** in construction projects in Tripoli.
The company frequently participates in **joint ventures and consortia**, including:
- **Ho-Hup Simplex JV**
- **Simplex – Gayatri Consortium**
- **Laing-Simplex Joint Venture**
- **Simplex – Meinhardt JV** (infrastructure)
- **SIL-JBPLJV** (mining)
These partnerships reflect a strategic focus on **leveraging local expertise, sharing risks, and expanding project reach**.
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#### **Corporate Milestones & Strategic Transformation (2025 Update)**
- **Centenary Celebrations (2024):** Marked 100 years of operations, celebrating a legacy of engineering excellence.
- **Simplex 2.0 Initiative:** A **strategic revival plan** launched to modernize operations, enhance sustainability, and drive future growth.
- **Debt Restructuring:** Successfully restructured debt via **NARCL and other lenders**, stabilizing the balance sheet and improving financial health.
- **Focus Areas:**
- Strengthening **cash flow management**
- **Optimizing project portfolio**
- **Reducing leverage**
- Restoring **investor confidence**
Despite past financial stress (notably in 2020–2023 due to delayed government payments and pandemic impacts), the company is on a **recovery trajectory**, supported by asset monetization, arbitration award recoveries, and a leaner operational model.
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#### **Corporate Information**
- **Head Office:**
'Simplex House', 27, Shakespeare Sarani, Kolkata – 700017, India
**Phone:** +91 33 2301-1600 | **Fax:** +91 33 2289-1468
- **Administrative Office:**
12/1, Nolie Sengupta Sarani, Kolkata
**Phone:** +91 33 2252-7596
- **Branch Offices:** Mumbai (Worli), New Delhi (Nehru Place), Chennai (Egmore)
- **Website:** [www.simplexinfra.com](http://www.simplexinfra.com)
- **CIN:** L45209 WB 1924 PLC 004969
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