Simplex Castings Reports Strong FY26 Results, Approves 1:5 Stock Split

Profit for the year ₹21.26 crore; Revenue from operations ₹202.90 crore.

Reader Takeaway: Robust profit growth and a stock split proposal offer positive signals, but management changes require monitoring.

What just happened

Simplex Castings Ltd. announced its audited financial results for the fiscal year ended March 31, 2026. The company reported a significant increase in net profit, up 40.51% to ₹21.26 crore from ₹15.13 crore in the previous year. Revenue from operations grew by 18.05% to ₹202.90 crore.

The board also approved a sub-division of equity shares in a 1:5 ratio, changing the face value from ₹10 to ₹2 per share. This move aims to improve affordability and liquidity for retail investors, subject to shareholder approval.

Why this matters

The strong financial performance, especially the substantial profit growth, indicates improved operational efficiency and market demand. The proposed stock split, if approved, could attract more retail investors and increase trading volumes, potentially boosting the stock's attractiveness.

The backstory

For the fiscal year 2026, Simplex Castings saw its revenue climb to ₹202.90 crore from ₹171.88 crore in FY2025. Net profit surged to ₹21.26 crore, up from ₹15.13 crore. This growth occurred despite an exceptional loss of ₹0.86 crore from the sale of plant and machinery. Earnings per share (EPS) also saw a healthy increase of 31.74% to ₹28.18.

What changes now

The company has undergone management changes. Mr. Avinash Hariharno moved from CFO to Additional Director and Whole-Time Director. Mr. Rajesh Kumar Acharya is the new CFO from May 28, 2026. Mr. Palash Singhania was appointed as an Additional Director (Non-Executive Independent).

The stock split requires shareholder approval via a postal ballot. The appointments of Mr. Acharya and Mr. Singhania also need shareholder consent.

Risks to watch

Investors should closely monitor the outcome of the postal ballot for the stock split and director appointments. Any adverse outcome could impact market sentiment. Additionally, shifts in key management roles, while approved, warrant observation for their long-term impact on strategy and execution.

Peer comparison

While specific peer data is not provided in the filing, Simplex Castings' reported growth figures for FY26 suggest it may be outperforming peers with similar revenue bases in terms of profitability. A detailed comparison would require analyzing competitors' latest financial statements.

Context metrics (time-bound)

• Revenue from operations: ₹202.90 crore (FY2026) vs ₹171.88 crore (FY2025)
• Profit for the year: ₹21.26 crore (FY2026) vs ₹15.13 crore (FY2025)
• Basic EPS: ₹28.18 (FY2026) vs ₹21.39 (FY2025)

What to track next

Shareholder voting on the proposed stock split and directorships will be crucial. Future quarterly results will indicate if the growth momentum continues and if the stock split positively impacts liquidity and investor interest.