251.9500 -0.30 (-0.12%)
NSE Mar 13, 2025 15:31 PM
Volume: 41,440
 

251.95
-0.12%
ICICI Securities Limited
Management confident of recovering monies from old debtors Simplex Infrastructure (SIL) had passed an enabling resolution in Q1FY18 to raise up to | 1000 crore, which would help it in debt reduction and consequent working capital improvement. However, the management has changed its stance. Now, it is looking to reduce debt via receipt of old debtors. It aims to recover ~| 450-500 crore in FY18E and | 800 crore in FY19E from old debtors. SIL's debt has increased significantly by | 248 crore to | 3611 crore as on Q2FY18. Furthermore, SIL expects to receive...
Simplex Infrastructures Ltd. is trading below its 30 day SMA of 265.5
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