---
title: "Simplex Projects Ltd (SIMPLEX) — Share Price, Financials & Analysis"
symbol: "SIMPLEX"
company: "Simplex Projects Ltd"
canonical: "https://tapetide.com/stocks/SIMPLEX"
sector: "Industrials"
industry: "Construction"
generated_at: "2026-09-13T18:57:13.220Z"
---

# Simplex Projects Ltd (SIMPLEX)

Canonical page: https://tapetide.com/stocks/SIMPLEX

## Company

- **Sector:** Industrials
- **Industry:** Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** simplexprojects.com

## About

Simplex Projects Limited is engaged in engineering and construction activities.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.16 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -17.0% over past five years.
- Company has a low return on equity of 0.41% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 1,558 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 158% | -35% | 15% |
| revenue growth | 21% | -13% | -17% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 36.97 | 66.16 | 75.26 | 36.88 | 67.69 | 56.06 | 15.94 | 0.51 | 2.88 | 79.15 | 85.22 | 2.28 |
| Expenses | 33.04 | 63.29 | 73.21 | 34.14 | 63.92 | 53.41 | 12.44 | 2.44 | 7.28 | 64.79 | 82.34 | 2.51 |
| Operating Profit | 3.93 | 2.87 | 2.05 | 2.74 | 3.77 | 2.65 | 3.5 | -1.93 | -4.4 | 14.36 | 2.88 | -0.23 |
| OPM % | 10.63 | 4.34 | 2.72 | 7.43 | 5.57 | 4.73 | 21.96 | -378.43 | -152.78 | 18.14 | 3.38 | -10.09 |
| Other Income | 0.75 | 2.14 | 1.05 | 2.11 | 0.51 | 0.83 | 0.33 | 0.19 | 0.37 | 0.18 | 0.48 | 0.01 |
| Interest | 1.18 | 0.74 | 1.34 | 0.69 | 0.81 | 0.73 | 1.5 | 0.39 | 0.45 | 0.46 | 0.39 | 0.43 |
| Depreciation | 3.96 | 3.68 | 4.19 | 3.4 | 2.98 | 3.11 | 2.98 | 2.79 | 2.61 | 2.45 | 2.48 | 1.74 |
| Profit before tax | -0.46 | 0.59 | -2.43 | 0.76 | 0.49 | -0.36 | -0.65 | -4.92 | -7.09 | 11.63 | 0.49 | -2.39 |
| Tax % | -84.78 | -171.19 | -23.46 | -11.84 | -51.02 | -83.33 | -27.69 | -0.2 | -0.14 | -0.09 | -10.2 | -1.26 |
| Net Profit | -0.06 | 1.6 | -1.86 | 0.85 | 0.74 | -0.05 | -0.47 | -4.91 | -7.09 | 11.64 | 0.55 | -2.36 |
| EPS in Rs | 0.13 | 1.27 | -1.2 | 0.71 | 0.59 | -0.04 | -0.37 | -3.9 | -5.63 | 9.24 | 0.44 | -1.87 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 497 | 566 | 531 | 427 | 489 | 252 | 249 | 177 | 168 | 170 |
| Expenses | 446 | 515 | 501 | 415 | 442 | 234 | 234 | 163 | 156 | 157 |
| Operating Profit | 51 | 50 | 29 | 12 | 47 | 17 | 15 | 14 | 11 | 13 |
| OPM % | 10 | 9 | 6 | 2.7 | 10 | 7 | 6 | 8 | 7 | 7 |
| Other Income | 6 | 8 | 14 | 2 | 11 | 5 | 5 | 3 | 1 | 1 |
| Interest | 42 | 44 | 61 | 81 | 41 | 7 | 5 | 4 | 2 | 2 |
| Depreciation | 13 | 13 | 20 | 21 | 17 | 16 | 15 | 12 | 10 | 9 |
| Profit before tax | 3 | 2 | -38 | -89 | 1 | 0 | 0 | 0 | 0 | 3 |
| Tax % | 36 | 27 | -3 | -2 | -252 | -689 | -548 | -328 | -67 | — |
| Net Profit | 2 | 1 | -36 | -86 | 2 | 1 | 1 | 1 | 0 | 3 |
| EPS in Rs | 1.59 | 0.94 | -28.82 | -68.63 | 2.05 | 1.06 | 1.23 | 0.85 | 0.15 | 2.18 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 204 | 207 | 197 | 170 | 105 | 95 | 101 | 107 | 119 | 71 |
| Borrowings | 347 | 416 | 433 | 471 | 607 | 625 | 584 | 681 | 779 | 788 |
| Other Liabilities | 874 | 973 | 1189 | 1261 | 1238 | 1131 | 1235 | 1152 | 1150 | 553 |
| Total Liabilities | 1438 | 1609 | 1832 | 1914 | 1962 | 1864 | 1933 | 1952 | 2060 | 1424 |
| Fixed Assets | 147 | 151 | 156 | 133 | 114 | 112 | 96 | 80 | 44 | 26 |
| CWIP | 9 | 28 | 50 | 51 | 48 | 32 | 35 | 36 | 19 | 19 |
| Investments | 0 | 0 | 0 | 0 | 5 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 1281 | 1430 | 1626 | 1729 | 1795 | 1719 | 1800 | 1836 | 1995 | 1377 |
| Total Assets | 1438 | 1609 | 1832 | 1914 | 1962 | 1864 | 1933 | 1952 | 2060 | 1424 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -34 | -31 | 52 | 12 | -67 | 28 | 43 | -94 | -98 | — |
| Cash from Investing Activity | -14 | -30 | -36 | 3 | -2 | 5 | 2 | 0 | -1 | — |
| Cash from Financing Activity | -32 | 29 | -22 | -14 | 55 | -26 | -47 | 88 | 99 | — |
| Net Cash Flow | -81 | -32 | -6 | 2 | -14 | 7 | -2 | -6 | 0 | — |
| Free Cash Flow | -52 | -66 | 12 | 10 | -79 | 29 | 40 | -93 | -98 | — |
| CFO/OP | -59 | -56 | 117 | 52 | -583 | 66 | 179 | -661 | -708 | — |

### Ratios

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 518 | 574 | 587 | 622 | 797 | 686 | 1404 | 1477 | 2332 | 1558 |
| Inventory Days | 910 | 1161 | 814 | 855 | 1029 | 962 | 185 | 626 | — | 150 |
| Days Payable | 371 | 470 | 425 | 469 | 409 | 365 | 835 | 2162 | — | 967 |
| Cash Conversion Cycle | 1057 | 1265 | 977 | 1007 | 1417 | 1284 | 754 | -59 | 2332 | 741 |
| Working Capital Days | 519 | 520 | 511 | 488 | 632 | 495 | 1082 | 1155 | 1850 | 701 |
| ROCE % | 7 | 7 | 7 | 3 | -1 | 6 | 1 | 0 | 0 | 0 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Dec 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 56.26% | 56.26% | 56.26% | 56.26% | 56.26% | 56.26% |
| Public | 43.74% | 43.74% | 43.74% | 43.74% | 43.74% | 43.74% |
| No. of Shareholders | 6882 | 6997 | 6922 | 6978 | 6981 | 6974 |

### Quarterly

| Category | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 56.26% | 56.26% | 56.26% | 56.26% | 56.26% | 56.26% | 56.26% | 56.26% | 56.26% | 56.26% | 56.26% | 56.26% |
| Public | 43.74% | 43.74% | 43.74% | 43.74% | 43.74% | 43.74% | 43.74% | 43.74% | 43.74% | 43.74% | 43.74% | 43.74% |
| No. of Shareholders | 6922 | 6928 | 6949 | 6962 | 6978 | 6980 | 6983 | 6982 | 6981 | 6982 | 6980 | 6974 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 6 / 10 / 3

### Moving Averages — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 31.47 | Sell |
| EMA (10) | 31.11 | Sell |
| SMA (20) | 30.16 | Buy |
| EMA (20) | 30.01 | Buy |
| SMA (50) | 25.93 | Buy |
| EMA (50) | 25.88 | Buy |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.67 | Neutral |
| MACD (12,26,9) | 1.64 | Sell |
| Stochastic (14,3,3) | 39.94 | Neutral |
| ADX (14) | 23.4 | Neutral |
| Williams %R (14) | -64.25 | Neutral |
| ATR (14) | 2.02 | High Volatility |
| ROC (12) | 4.1 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 61.75 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 14 Jan 2022 - Depositories and Participants) Regulations, 2011, read with SEBI Circular no. MRD/DOPZ/ DSAZ/OW/ 2019/ 2498/ 1 dated 24th January, 2019; we submit herewith the certificate from … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Jan 2022 - Depositories and Participants) Regulations, 2011, read with SEBI Circular no. MRD/DOPZ/ DSAZ/OW/ 2019/ 2498/ 1 dated 24th January, 2019; we submit herewith the certificate from …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3dfa9ff5-b701-442a-b7e2-c900bdccd6fa.pdf) |
| 14 Jan 2022 - As required under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2011, read with SEBI Circular no. MRD/DOPZ/ DSAZ/OW/ 2019/ 2498/ 1 dated 24th January, … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Jan 2022 - As required under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2011, read with SEBI Circular no. MRD/DOPZ/ DSAZ/OW/ 2019/ 2498/ 1 dated 24th January, …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3dfa9ff5-b701-442a-b7e2-c900bdccd6fa.pdf) |
| — | [Standalone And Consolidated Financial Result/Statement Of The Company For The Quarter Ended June 30Th 2021 16 Mar 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=717fd5ee-a5df-4f3e-98ec-380f8203fca1.pdf) |
| — | [Standalone And Consolidated Financial Result/Statement Of The Company For The Quarter Ended June 30Th 2021 16 Mar 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/717fd5ee-a5df-4f3e-98ec-380f8203fca1.pdf) |
| — | [Board Meeting Intimation for Notice Of Board Meeting Pursuant To Regulation 29(1) Of SEBI (LODR) Regulations, 2015. 9 Mar 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c933d4a1-d622-4b86-86f3-622c0a31ea57.pdf) |
| — | [Board Meeting Intimation for Notice Of Board Meeting Pursuant To Regulation 29(1) Of SEBI (LODR) Regulations, 2015. 9 Mar 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c933d4a1-d622-4b86-86f3-622c0a31ea57.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_SIMPLEX_2011_2012_01012013121718.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_SIMPLEX_2010_2011_16122011102407.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_SIMPLEX_2009_2010_01092010120000.zip) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532877/69800532877.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532877/67623532877.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532877/5328770318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532877/5328770317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532877/5328770316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/532877/5328770315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/532877/5328770314.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:57:13.220Z.