Simplex Castings' Order Book Crosses ₹130 Crore, Supported by Strong Demand from Steel and Power Sectors

Simplex Castings Limited (BSE: 513472), India's leading precision metallurgy and casting solutions company, has reported a strong operational performance during the first quarter of FY27.

The Company's order book currently stands at more than ₹130 crore, while execution period being 4-6 months, providing healthy revenue visibility for the coming quarters. The order pipeline is being supported by sustained demand from the steel and power sectors, where the Company is witnessing opportunities for larger-value and higher-grade engineering and fabrication orders.

Simplex Castings is the official Fabrication Partner for Steel Authority of India Limited (SAIL), highlighting its capabilities in executing technically complex and quality-intensive assignments for one of India's largest steel producers.

The Company continues to receive recurring orders from established domestic and global customers, including SMS group, Hindustan Zinc, Thyssenkrupp, BHEL and other leading industrial and engineering companies. With investments and capacity additions gaining momentum across India's steel and power sectors, Simplex Castings is well positioned to participate in larger projects requiring specialised engineering, fabrication and manufacturing capabilities.

Commenting on the development, Mr. Ketan Shah, Chairman and Executive Director said, "The strong revenue growth recorded during Q1 FY27, alongside the same margin profile and an order book exceeding ₹130 crore, reflects the improving scale and execution capabilities of the Company. Our association with SAIL as its Fabrication Partner and the continued receipt of recurring orders from reputed domestic and global customers provide us with confidence regarding the opportunities ahead. We remain focused on securing larger and technically advanced orders from the steel and power sectors while maintaining execution discipline and operating efficiency."

Shares of SIMPLEX CASTINGS LTD. was last trading in BSE at Rs. 538.00 as compared to the previous close of Rs. 540.20. The total number of shares traded during the day was 20488 in over 288 trades.

The stock hit an intraday high of Rs. 547.00 and intraday low of 532.10. The net turnover during the day was Rs. 11018460.00.

Source : Equity Bulls

Keywords

SIMPLEXCASTINGS INE658D01011 OrderBook Q1FY27