Multibagger Microcap Company Bags Order Worth Rs 5.87 Crore from Steel Authority of India – Stock Hits 52-Week High on Tuesday, Gains Over 500 Per cent in Just 1 Year!

The company’s shares have delivered an impressive return of over 110 per cent in the past 6 months only.

Simplex Castings Ltd, a premier castings and engineering solutions manufacturer, has received a significant order from the Steel Authority of India Limited (SAIL) – Rourkela Steel Plant (RSP). The order, valued at Rs 5.87 crore, involves supplying 80 units of zero-leak coke oven doors.

Incorporated in 1980, Simplex Castings Ltd manufactures SG Iron, steel, special alloy castings, C.I. castings, and equipment. The company produces iron and steel casting products at its two manufacturing units in Bhilai and Tedsara. These facilities include a cast iron foundry, heavy engineering and fabrication plant, etc. The company provides engineering components, castings, forgings, fabrication, machining, assembly, equipment building, in-house testing, an EPC division, and design facilities.

On Tuesday, the shares of Simplex Castings Ltd closed at around Rs 333.50 per share on the BSE. The company’s current market capitalization stands at Rs 229.53 crore. Additionally, the shares have delivered an impressive multibagger return of over 540 per in the past 1 year only.

Looking at the Quarterly Results, in Q1 FY25 Simplex Castings Ltd generated a revenue of Rs 27.49 crore in FY24 representing a de-growth of 20.78 per cent YoY compared to Rs 34.70 crore. The operating profit for the period was Rs 5.01 crore with an operating profit margin of 18.22 per cent compared to Rs 2.72 crore with a margin of 7.84 per cent. The company reported a net profit of Rs 1.62 crore in Q1 FY25 compared to Rs 0.44 crore the same quarter last year.

Investors must keep this stock on their radar.

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