Simplex Castings splits stock 1-for-5 as annual profit hits ₹21 cr
The metallurgy firm is splitting its shares to boost retail liquidity while shuffling its top brass to support a push into railway components.
— 6 earlier stories on Simplex Castings Ltd. →What's new
- Net profit rose 40% to ₹21.26 cr on revenue of ₹202.9 cr for FY26.
- Board approved a 1-for-5 stock split, moving from ₹10 face value to ₹2.
- CFO Avinash Hariharno joins the board; Rajesh Kumar Acharya takes over as CFO.
Why this matters
The stock split is a clear attempt to bring retail investors into a nano-cap stock that has seen its financial profile improve. By pairing this with a leadership overhaul, the company is signaling that it wants to be taken seriously as it expands into high-value railway manufacturing.
What we're watching
- Whether the stock split successfully improves trading volumes.
- The impact of the new CFO on financial oversight.
- Execution progress on the high-value railway component orders.
The full read
Simplex Castings is recalibrating its capital structure and leadership team after a year of growth. The company posted a 40% jump in annual net profit to ₹21.26 crore on revenue of ₹202.9 crore for the fiscal year ended March 31, 2026.
It is a clear pivot.
To improve retail liquidity, the board approved a 1-for-5 stock split, reducing the face value of its shares from ₹10 to ₹2. The management shuffle sees former CFO Avinash Hariharno move to the board as a Whole Time Director, while industry veteran Rajesh Kumar Acharya takes over the finance function. This restructuring is clearly designed to professionalize the firm as it pivots back into high-value railway component manufacturing, and the company is betting that a more liquid stock and a seasoned finance lead will provide the stability required for this new growth phase.
Questions answered
- What are the details of the stock split?
- Simplex Castings is splitting its existing equity shares with a face value of ₹10 into five shares with a face value of ₹2 each.
- Who is the new CFO?
- Rajesh Kumar Acharya, a veteran with over 30 years of experience in steel and manufacturing, has been appointed as the new CFO.
- What happened to the previous CFO?
- Avinash Hariharno, the former CFO, has been promoted to the board as a Whole Time Director.
- How did the company perform financially in FY26?
- The company reported a net profit of ₹21.26 crore on total revenue of ₹202.9 crore, marking a 40% increase in profit.
Story so far
All notes on SIMPLEXCAS →- 29 May 2026 · 2:30 AM IST Simplex Castings splits stock 1-for-5 as annual profit hits ₹21 cr
- 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 reports 40% profit jump and approves 1:5 stock split
- today Simplex Castings confirms FY26 results and a 1:5 stock split.