Micro-cap company received an order worth Rs 22.37 crore from Bhilai Engineering Corporation Ltd

Simplex Castings Limited, a premier manufacturer of castings and engineering solutions, has received an order from Bhilai Engineering Corporation Limited valued at Rs 22.37 crore for the supply of over 500 units of various heavy fabricated assemblies, including door bodies, frames and flash plates.

About the Company

Simplex Castings Limited stands as a leading manufacturing organisation in India, boasting a significant global presence. The company operates well-equipped facilities, including a Cast-Iron Foundry, Steel & Alloy Foundry and a Heavy Engineering & Fabrication Plant for equipment building and structural fabrication. Each plant is complemented by modern machining facilities, including a central machine shop with numerous CNC machines, an EPC Division for turnkey projects and a design wing utilising advanced computer-aided tools.

Functioning as a comprehensive one-stop solution, Simplex Castings handles all engineering component manufacturing needs, from castings, forging and fabrication to machining, assembly and equipment building, alongside in-house testing and design capabilities. The company's plants are strategically located in Bhilai and Rajnandgaon, Chhattisgarh, a mineral-rich and heavily industrialised region in central India.

On Tuesday, shares of Simplex Castings Limited plunged 2 per cent lower circuit to Rs 368.25 per share from its previous closing of Rs 375.75 per share. The company has a market cap of Rs 266.34 crore. The stock is up by 95 per cent from its 52-week low of Rs 189.95 per share. The shares of the company have a PE of 18x, an ROE of 34 per cent and an ROCE of 24 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.