Simplex Infrastructures Limited (SIMPLEXINF.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+103.6%

₹550.68

vs ₹270.45 price

Levered DCF

₹1,863.96

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	26.98×	159.01×	-8.51×	-0.41×	-0.52×	-0.37×	-0.33×	8.11×
P/B	1.11×	3.49×	2.65×	0.64×	0.36×	0.14×	0.06×	0.48×
P/S	1.06×	1.7×	0.44×	0.1×	0.13×	0.08×	0.03×	0.16×
EV / EBITDA	27.04×	43.12×	229.75×	56.94×	267.29×	63.31×	22.67×	5.35×
Gross margin	20.5%	12.7%	24.9%	24.7%	25.9%	6.2%	38.0%	36.5%
Operating margin	2.5%	-3.0%	-2.8%	-3.5%	-3.0%	-4.7%	-0.5%	10.7%
Net margin	3.9%	1.1%	-5.2%	-25.1%	-26.0%	-21.3%	-8.0%	2.0%
Current ratio	2.29×	1.64×	0.88×	0.88×	0.93×	1.01×	1.12×	1.18×
Debt / equity	1.68×	4.15×	30.95×	19.9×	7.14×	3.64×	2.19×	1.7×
Interest coverage	2.03×	-2.14×	-0.5×	-0.08×	-0.08×	-0.16×	-0.04×	1.38×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.0%	0.3%
Payout ratio	0.0%	0.1%	-0.0%	-0.0%	-0.0%	-0.0%	-0.6%	2.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.1%	2.2%	-31.2%	-156.6%	-70.5%	-37.0%	-18.2%	6.0%
Return on invested capital	0.7%	-0.6%	-0.4%	-0.6%	-0.7%	-1.2%	-0.2%	7.8%
Return on assets	1.0%	0.3%	-0.7%	-4.5%	-5.4%	-5.0%	-3.4%	1.3%
Free cash flow yield	3.0%	9.9%	-15.1%	-225.6%	-165.2%	-277.4%	-49.6%	-7.4%
Earnings yield	3.7%	0.6%	-11.8%	-243.8%	-193.8%	-269.3%	-307.6%	12.3%
Enterprise value	₹25.4B	₹38.8B	₹77.3B	₹61.2B	₹56B	₹47.4B	₹39.1B	₹43.6B
Net debt / EBITDA	15.55×	22.83×	211.48×	55.14×	254.29×	60.98×	22.07×	4.14×
Cash conversion cycle (days)	42	20	1,742	1,198	1,114	1,065	511	-95