Simplex Castings splits stock as annual profit climbs 40%
The metallurgy firm is subdividing shares to boost liquidity after reporting a net profit of ₹21.26 crore for FY26.
— 8 earlier stories on Simplex Castings Ltd. →What's new
- Board approved a 1-for-5 stock split, turning ₹10 shares into ₹2 units.
- FY26 net profit rose 40% to ₹21.26 crore on revenue of ₹202.9 crore.
- CFO Avinash Hariharno joins the board; Rajesh Kumar Acharya takes over as CFO.
Why this matters
The stock split is a clear play to attract retail interest in a company with a market cap under ₹400 crore. By pairing this liquidity move with a leadership refresh, the firm is signaling a push to professionalize its operations ahead of a planned move into high-value railway and steel components.
What we're watching
- Whether the stock split successfully narrows the bid-ask spread.
- The impact of the new CFO on margins in the railway bogie segment.
- Sustained revenue growth beyond the ₹202.9 crore reported for FY26.
The full read
Simplex Castings is splitting its stock to improve liquidity. The board approved a 1-for-5 subdivision, turning every ₹10 share into five ₹2 units. This move follows a strong fiscal year, with net profit rising 40% to ₹21.26 crore on revenue of ₹202.9 crore. The company is also reshuffling its leadership to support a push into high-value railway bogies and cast steel components. CFO Avinash Hariharno is moving to the board as a Whole Time Director, while industry veteran Rajesh Kumar Acharya takes over as the new CFO. For a firm with a market capitalization under ₹400 crore, these changes are a clear attempt to broaden the retail investor base and professionalize financial oversight. The next test is whether this leadership team can maintain the current growth trajectory in the competitive industrial casting market.
Questions answered
- What is the ratio of the stock split?
- The board approved a 1-for-5 subdivision. Each share with a face value of ₹10 will be split into five shares with a face value of ₹2 each.
- How did the company perform financially in FY26?
- Simplex Castings reported a net profit of ₹21.26 crore, a 40% increase over the prior year. Total revenue for the period reached ₹202.9 crore.
- Who is the new CFO?
- Rajesh Kumar Acharya, an industry veteran with over 30 years of experience, has been appointed as the new CFO. He replaces Avinash Hariharno, who has been elevated to the board as a Whole Time Director.
- What is the strategic goal behind these changes?
- The management restructuring is intended to support the company's re-entry into high-value segments, specifically railway bogies and cast steel components.
Story so far
All notes on SIMPLEXCAS →- 29 May 2026 · 3:52 AM IST Simplex Castings splits stock as annual profit climbs 40%
- 1d ago Simplex guides Q4 revenue down, pushes bogie launch to September
- 1d ago Simplex Castings profits jump 40% on 18% revenue growth
- 2d ago Simplex Castings lifts profit 40% and approves a 1-for-5 stock split
- 2d ago Simplex Castings splits stock 1-for-5 as annual profit hits ₹21 cr