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Simplex Castings Ltd appeared to be involved as being a joint venture firm around 1970 for producing gray metal castings. It was modified directly into Pvt Ltd entity as well as 1980 in addition to company went open inside 1993 Simplex Castings is actually involved yourself in production connected with Heavy Engineering Castings with different levels for all those conventional segments including Steel plants, Power plants, Sugar industry, Chemical, Oil, Cement, Defense, Railways, Mines etc. It offers a couple of manufacturing units, just about every inside Bhilai plus Urla. Bhilai manufacturing area provides installed capacity connected with 28,000 tonnes to get providing Grey Iron casting in single article considering upto 45 tonnes. Urla factory is definitely employed with development of Special Steel castings with single piece considering upto 25 tonnes. SCL has robust presence around export current market seeing that well. Its major users in family sector include :- Indian Railways, NTPC, SAIL, HEC, BHEL, Essar, Atomic Energy etc. In international market, its consumers include giants like Kawasaki, Hyundai etc

FINANCIAL PERFORMANCE :- Simplex Castings features extremely steady track-record with consistent profits in addition to dividend payouts For 2009-10, despite the fact that its turnover declined by way of all around Rs nine crores, NET Profit journeyed up by above 15%. EPS were standing from 17.80 and keep can be obtained at 4.60xFY10 EPS of Rs 8.80 within fifty percent 12 months concluded Sept 2010. It hope to get rid of FY11 along with revenue involving 185 crores in addition to NET Profit with 11.75 crores, translating

Rs 8.80 in half year broken Sept 2010. It hope for you to ending FY11 by using product sales connected with 185 crores plus NET Profit of 11.75 crores, translatinginto EPS connected with Rs 19.65 Stock is actually stock trading with 4.17xFY11E Eps. Considering that Simplex is at company of making specialized castingsfor industrial/engg employ and includes reliable track-record, these kinds of valuations are very low. Simplex warrants a lot better valuations. Even in the event that Simplex castings gets really modest PE Ratio connected with 7, share price, dependent upon FY11E earnings, needs to be Rs 160/. Share price offers pretty much bottomed released as well as is a great case bottom-fishing. Investors can easily expect/reap over 50% appreciation in subsequent 3-6 many weeks in case marketplaces dont slip more.