Simplex Castings FY26: Growth, RDSO Approval, and the FY28 500 Crore Aspiration

FY26 revenue was 202.90 crore, EBITDA was 37.39 crore (18.43% margin), and PAT was 21.26 crore (10.48% margin), as per the investor presentation.

Management states a vision/target to reach revenue of 500 crore by FY28.

The presentation states the company received RDSO approval for wagon bogie and cast steel components, enabling re-entry into the railway wagon segment and participation in related tenders.

The deck highlights orders of 23.13 crore from SMS India Pvt Ltd, 13.02 crore from ThyssenKrupp, and 7.26 crore from BHEL (Varanasi).

For 2024–2025, the presentation shows Steel at 60% of turnover, Railways at 20%, and Defence at 20%.

The company states it is empanelled on Invoicemart (TReDS) to accelerate receivable realisation and use receivables-backed funding, claiming a ~50% lower cost of funds versus traditional borrowing.