1. At a Glance
Simplex Infra, a 100-year-old civil contractor, is in the middle of a turnaround drama that makes soap operas look dull. Stock at ₹307, P/E at 596, ROCE at 0.44%—basically, it’s running on hope, debt conversions, and a prayer.
2. Introduction with Hook
Imagine a veteran marathon runner now gasping for breath but still trying to sprint past newbies. That’s Simplex. Two hard truths:
- Debt pile once ₹7,000 Cr, now being chipped away
- Promoter stake down to 36.9% (confidence leak?)
3. Business Model (WTF Do They Even Do?)
Simplex builds everything—roads, ports, metros, power plants. EPC contracts across transport, energy, mining, marine, and real estate. Think L&T, but with fewer resources, thinner margins, and way more headaches.
4. Financials Overview
- FY25 Revenue: ₹1,076 Cr (down from ₹1,874 Cr FY23)
- Net Profit: ₹12 Cr (after years of losses)
- OPM: 2% (ouch)
- Market Cap: ₹2,363 Cr
The
