Simplex Infrastructures Limited (SIMPLEXINF) AI Stock Analysis

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Simplex Infrastructures Limited

(NSE:SIMPLEXINF)

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Rating:47Neutral

Price Target:INR 264.00▼(-4.47% Downside)

Action:reiterated

Date:10/22/26

The score is primarily held back by weaker financial fundamentals despite a turnaround—thin operating profitability, uneven revenue history, still-elevated leverage, and imperfect cash conversion. Technicals are a relative positive with the stock trading above major moving averages and moderate momentum, but valuation is a key headwind given the high P/E and no dividend yield support.

Positive Factors

Earnings TurnaroundThe return to positive earnings after deep losses in FY2022–FY2024 indicates meaningful operational recovery. Although profitability remains modest, sustained positive results would improve internal funding capacity, strengthen stakeholder confidence, and provide a foundation for rebuilding the business over the next several quarters.

Negative Factors

Revenue VolatilityA prolonged pattern of volatile or declining revenue makes it harder to build a dependable earnings base and indicates inconsistent project flow or execution pace. Without sustained top-line recovery, recent profit improvement may remain vulnerable and the company may have less operating scale to support durable margin expansion.

Simplex Infrastructures Limited (SIMPLEXINF) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 20.88B
Dividend Yield: ―
Average Volume (3M): 7,453
Price to Earnings (P/E): 47.5
Beta (1Y): 1.77
Revenue Growth: 4.58%
EPS Growth: 33.42%
Country: India
Employees: 561
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

Simplex Infrastructures Limited Business Overview & Revenue Model

Company Description

Simplex Infrastructures Limited, founded in 1924 and headquartered in Kolkata, India, operates as a construction and engineering firm, delivering a wide range of services across India and globally. The company's diverse portfolio addresses key sector...

How the Company Makes Money

Simplex Infrastructures primarily makes money by executing construction and infrastructure contracts awarded by government bodies, public-sector entities, and private-sector customers. Revenue is typically recognized based on contract execution (i.e....

Simplex Infrastructures Limited Financial Statement Overview

Summary

Turnaround is underway with a return to positive earnings and positive operating/free cash flow in FY2026, plus improved margins. However, results remain fragile: revenue has been volatile/down over multiple years, operating margin is still thin, cash conversion is limited, and leverage remains elevated (debt-to-equity ~1.68x) for a cyclical construction business.

Income Statement

44Neutral

Balance Sheet

34Negative

Cash Flow

40Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	10.69B	10.21B	10.76B	13.88B	18.74B	20.30B
Gross Profit	2.64B	2.09B	1.36B	3.46B	4.63B	5.26B
EBITDA	795.50M	939.10M	900.60M	336.60M	1.08B	209.60M
Net Income	458.10M	400.10M	115.80M	-722.70M	-4.71B	-5.28B
Balance Sheet
Total Assets	0	38.81B	43.39B	104.14B	103.73B	98.68B
Cash, Cash Equivalents and Short-Term Investments	1.82B	1.82B	1.19B	571.40M	558.60M	242.40M
Total Debt	0	16.42B	21.74B	71.80B	59.84B	53.54B
Total Liabilities	-9.78B	29.03B	38.13B	101.80B	100.71B	91.17B
Stockholders Equity	9.78B	9.75B	5.24B	2.32B	3.01B	7.49B
Cash Flow
Free Cash Flow	-440.40M	325.80M	1.81B	-929.60M	-4.36B	-4.50B
Operating Cash Flow	-229.80M	897.40M	2.11B	-826.90M	-4.32B	-4.47B
Investing Cash Flow	-2.22B	-1.79B	-302.10M	19.40M	2.05B	224.90M
Financing Cash Flow	1.79B	259.00M	-1.24B	833.80M	2.59B	4.04B

Simplex Infrastructures Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price276.35

Price Trends

50DMA257.21Positive

100DMA256.00Positive

200DMA234.01Positive

Market Momentum

MACD3.32Negative

RSI60.39Neutral

STOCH84.48Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SIMPLEXINF, the sentiment is Positive. The current price of 276.35 is above the 20-day moving average (MA) of 259.94, above the 50-day MA of 257.21, and above the 200-day MA of 234.01, indicating a bullish trend. The MACD of 3.32 indicates Negative momentum. The RSI at 60.39 is Neutral, neither overbought nor oversold. The STOCH value of 84.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SIMPLEXINF.

Simplex Infrastructures Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SIMPLEXINF against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:PNCINFRA	67Neutral	INR 32.93B	5.26	―	0.46%	1.82%	-21.49%
IN:JKIL	65Neutral	INR 31.73B	8.35	―	0.94%	-2.47%	-6.60%
IN:ASHOKA	62Neutral	INR 29.28B	1.21	―	―	-24.59%	39.70%
IN:PSPPROJECT	56Neutral	INR 29.99B	29.36	―	―	44.77%	231.43%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SIMPLEXINF	47Neutral	INR 21.28B	47.46	―	―	4.58%	33.42%
IN:HGINFRA	43Neutral	INR 24.86B	12.28	―	0.50%	-1.80%	-48.36%

* General Sector Average

Performance Comparison

IN:SIMPLEXINF and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SIMPLEXINF	Simplex Infrastructures Limited	276.35	-18.70	-6.34%
IN:ASHOKA	Ashoka Buildcon Limited	106.96	-92.24	-46.31%
IN:HGINFRA	H.G. Infra Engineering Ltd.	401.85	-498.60	-55.37%
IN:JKIL	J. Kumar Infraprojects Limited	421.95	-191.90	-31.26%
IN:PNCINFRA	PNC Infratech Ltd	129.70	-146.61	-53.06%
IN:PSPPROJECT	PSP Projects Ltd	797.60	-156.75	-16.42%

Simplex Infrastructures Limited Corporate Events

Simplex Infrastructures Publishes AGM Notice for FY 2025-26

Aug 30, 2026

Simplex Infrastructures has notified the stock exchanges that it has published newspaper advertisements in Financial Express and Ekdin announcing its upcoming Annual General Meeting. The AGM for the financial year 2025-26 is scheduled for 23 Septembe...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 22, 2026

Simplex Infrastructures Limited AI Stock Analysis