Simplex Castings splits stock 1-for-5 after profit jumps 40%
The metallurgy firm is dividing its ₹10 shares into ₹2 units to boost liquidity, while reporting a net profit of ₹21.26 crore for FY26.
— 6 earlier stories on Simplex Castings Ltd. →What's new
- Board approved a 1-for-5 stock split, moving face value from ₹10 to ₹2.
- FY26 net profit rose 40% to ₹21.26 crore on total income of ₹205.3 crore.
- CFO Avinash Hariharno joins the board as Whole Time Director; Rajesh Kumar Acharya is the new CFO.
Why this matters
A stock split for a nano-cap firm is a clear play for retail volume. When paired with a 40% profit surge, the company is signaling confidence in its current scale.
What we're watching
- The timeline for shareholder approval of the stock split.
- Whether the increased liquidity translates into sustained trading volume.
- The impact of the new CFO on the company's financial trajectory.
The full read
Simplex Castings is moving to increase its retail footprint. Following a board meeting on Tuesday, the company approved a 1-for-5 stock split, reducing the face value of its equity shares from ₹10 to ₹2. This move follows a strong FY26 performance where the metallurgy firm posted a net profit of ₹21.26 crore, a 40% increase over the prior year. Total income for the period reached ₹205.3 crore, marking 18% growth. Alongside these results, the company reshuffled its leadership. Former CFO Avinash Hariharno joins the board as a Whole Time Director, while Rajesh Kumar Acharya steps in as the new CFO. The split remains subject to shareholder approval. For a company of this size, the combination of double-digit revenue growth and a liquidity-focused corporate action is a deliberate attempt to capture investor attention.
Questions answered
- What is the ratio of the stock split?
- The board approved a 1-for-5 split. Each existing share with a face value of ₹10 will be divided into five shares with a face value of ₹2.
- How did the company perform financially in FY26?
- Simplex Castings reported a net profit of ₹21.26 crore, up 40% from the previous year. Total income for the period reached ₹205.3 crore, representing 18% growth.
- Who is the new CFO?
- Rajesh Kumar Acharya has been appointed as the new CFO. He replaces Avinash Hariharno, who was promoted to the board as a Whole Time Director.
- What is the stated purpose of the stock split?
- The company intends to improve market liquidity and encourage wider retail participation in its equity shares.
Story so far
All notes on SIMPLEXCAS →- 29 May 2026 · 12:29 AM IST Simplex Castings splits stock 1-for-5 after profit jumps 40%
- today Simplex Castings splits stock as annual profit climbs 40%
- today Simplex Castings lifts profit 40% and approves a 1-for-5 stock split
- today Simplex Castings splits stock 1-for-5 as annual profit hits ₹21 cr
- today Simplex Castings reports 40% profit jump and approves 1:5 stock split