Simplex Infrastructures Ltd. News and Updates

Name: Latest research reports of Simplex Infrastructures Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Simplex Infrastructures Ltd.
Rating: 5
Author: ICICI Securities Limited

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Simplex Infrastructures Ltd.

17 Nov 2015

297.15

-1.31%

Simplex Infrastructure

Buy: Simplex Infrastructures Ltd.

ICICI Securities Limited

Promoters initiated pledges of 22.08% of holdings in Jun 2025 qtr.

Simplex Infrastructures Ltd.

17 Nov 2015

297.15

-1.31%

Simplex Infrastructures Ltd- Research Report

Hold: Simplex Infrastructures Ltd.

Angel Broking

Simplex Infrastructures (Simplex) reported in-line set of numbers for 2QFY2016. The company reported a top-line of Rs1,392cr, up 11.5% yoy, but slightly below our expectation of Rs1,399cr. The EBITDA for the quarter stood at Rs143cr, ahead of our estimate of Rs141cr while the EBITDA margin expanded by 7bp yoy to 10.3%, for 2QFY2016. Stronger execution and almost in-line operating performance helped Simplex report a PAT of Rs14cr. The reported PAT margin of the company was almost flat on a yoy basis at 1.0% in 2QFY2016. Simplexs order book (including L1) as of 2QFY2016 stands at ~Rs18,321cr (order book to LTM sales ratio stands at 3.1x). Outlook and valuation: At the current market price of Rs319, the standalone EPC business is trading at FY2016E and FY2017E P/E multiple of 20.3x and 10.1x, respectively. (1) 10.6% top-line and 57.8% bottom-line CAGR during FY2015-17E, (2) strong order book of Rs18,321cr (OB to LTM sales ratio of 3.1x), and (3) scope for improvement in WC as % of sales ratio from 64% in FY2015 to 53% in FY2017E, should lead to improvement in D/E ratio from 2.2x in FY2015 to 1.8x in FY2017E. We have assigned a 1-year forward P/E multiple of 11.0x to...

Simplex Infrastructures Ltd. is trading below its 30 day SMA of 298.6

Simplex Infrastructures Ltd.

13 Aug 2015

297.15

-1.31%

Simplex Infrastructures: Q1FY16 Result Review - Better performance led by ease i... (Aug 13, 2015)

Buy: Simplex Infrastructures Ltd.

Recommendation Target

Karvy

Simplex Infrastructures (SIL) posted 12.2% YoY growth (highest in last 12 quarters) in Q1FY16 standalone sales to Rs15.1bn, in line with our expectations. Revenue growth for the quarter was driven by better execution in its key segments (Building and Urban).

Simplex Infrastructures Ltd.'s price crossed above 30Day SMA today

Simplex Infrastructures Ltd.

13 Feb 2015

297.15

-1.31%

Simplex Infrastructures Ltd:Q3FY15 Result Review (Feb 13, 2015)

Sell: Simplex Infrastructures Ltd.

Karvy

Simplex Infrastructures (SIL) posted marginal 3.1% YoY rise in Q3FY15 standalone sales to Rs14.4bn, 2.7% lower than our expectations. Revenue growth for the quarter remained muted due to stretched working capital which affected execution. However, EBITDA margin improved by 131bps to 10.5% (in line with our expectation), due to lower raw material cost (which as a percentage of net sales declined to 34.6% vs 38.2% in Q3FY14).

Promoters initiated pledges of 22.08% of holdings in Jun 2025 qtr.

Is Simplex Infrastructures Ltd. worth buying?

147 Votes:

Buy 75.51%

Sell 14.97%

Hold 9.52%

93.75% Gain from 52W Low

Simplex Infrastructures Ltd. News and Updates

Keep track of all breaking news on Simplex Infrastructures Ltd. from all sources in a single place.