Simplex Castings profits jump 40% on 18% revenue growth
The metallurgy firm cut its long-term debt by nearly half and now has a clear runway to hit its ₹500 crore revenue target by FY28.
— 8 earlier stories on Simplex Castings Ltd. →What's new
- Annual net profit rose 40% to ₹21.26 crore on 18% higher revenue of ₹202.9 crore.
- Long-term borrowings were cut to ₹14.89 crore, nearly half their prior level.
- Company reiterated its ₹500 crore revenue target for FY28.
Why this matters
The earnings beat is solid, but the real story is the balance sheet cleanup. Halving long-term debt gives Simplex room to invest in capacity without straining cash flow, while the ₹500 crore target now rests on a recent RDSO approval and fresh orders from industrial heavyweights.
What we're watching
- How the railway bogie approval translates into actual order intake.
- Whether the Q4 growth trend holds into the new fiscal year.
- The pace of execution on the ₹500 crore revenue roadmap.
The full read
Simplex Castings closed FY26 with ₹202.9 crore in revenue, up 18% year-on-year. Net profit jumped 40% to ₹21.26 crore. The growth isn't just on the top line. The company also cut its long-term borrowings to ₹14.89 crore, roughly halving its debt load. That balance sheet cleanup matters because Simplex is chasing a ₹500 crore revenue target by FY28. The company says it now has the regulatory clearance from RDSO to supply cast steel bogies for railway wagons. It also has new orders from ThyssenKrupp, BHEL, and SMS India. The forward targets were previously disclosed, so this release is really a confirmation: the FY26 numbers are strong, the debt is down, and the growth drivers are identified. The next test is whether the order book converts into sustained revenue growth.
Questions answered
- How did Simplex Castings' financials look in FY26?
- Revenue grew 18% to ₹202.9 crore. Net profit rose 40% to ₹21.26 crore, indicating that the top-line growth translated into even stronger bottom-line performance.
- What changed on the debt side?
- Long-term borrowings fell to ₹14.89 crore, which the company describes as a reduction of nearly half. The deleveraging frees up capacity for future investment.
- What is the company's growth target, and what supports it?
- Simplex wants to hit ₹500 crore in revenue by FY28. The recently approved RDSO clearance to supply cast steel bogies for railway wagons, plus orders from ThyssenKrupp, BHEL, and SMS India, are cited as the main growth drivers.
- Were the forward-looking targets new information?
- No. The analyst rationale notes that the ₹500 crore revenue target and the railway approval were previously disclosed in earlier filings. This press release served mainly to confirm the strong FY26 numbers.
Story so far
All notes on SIMPLEXCAS →- 29 May 2026 · 2:40 PM IST Simplex Castings profits jump 40% on 18% revenue growth
- 1d ago Simplex guides Q4 revenue down, pushes bogie launch to September
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- 2d ago Simplex Castings splits stock 1-for-5 as annual profit hits ₹21 cr