Simplex Castings Ltd — Updates, 08-05-2025: Company Update

Simplex Castings Limited has announced a board meeting on the financial results for the quarter and half-year. Crisil Ratings upgraded the long-term bank loan rating to ‘Crisil BB/Stable’ from ‘Crisil BB-/Stable’ while reaffirming the short-term rating at ‘Crisil A4+’. This upgrade reflects estimated revenue growth from Rs.122.8 crore in FY24 to over Rs.170 crore in FY25 and an improvement in profitability margin from 15% to 18%, driven by streamlined operations and timely capex. Leverage decreased to below 0.7 times, and working capital efficiency improved, supporting liquidity. The company benefits from promoters’ extensive experience but faces challenges from raw material price volatility and intense competition in the steel casting industry.