Simplex Castings

What Simplex Castings does

Simplex Castings Ltd is a publicly listed Indian (BSE: SIMPLEXCAS) precision metallurgy and engineering company headquartered in Bhilai that manufactures heavy engineering components, castings, spares, and fabricated structures. The company was founded in 1970 and operates with 501-1000 employees, serving industrial customers across steel production, thermal power, mining/metals, railways, and renewable energy sectors. Its product portfolio centers on two core lines: railway components (notably Cast Steel CASNUB Bogies and critical wagon parts, supported by RDSO approval re-establishing presence in a segment where the company historically held 60-70% market share) and steel/thermal sector equipment (Zero Leakage Coke Oven Doors, High Grade Pusher Side Doors, Mechanical Plungers, and Helical Springs). It also produces heavy industrial equipment such as 180 MT kettles and wind turbine casting components, and participates in government green hydrogen pilot programs for low-carbon steel production.

The company makes money through project-based, contract-pricing enterprise sales rather than recurring subscriptions. Each contract is negotiated individually with large industrial buyers and recognized on delivery within typically 7-9 month windows. Recent disclosed order values include ₹23.13 crore from SMS Group, ₹13.02 crore from ThyssenKrupp, ₹7+ crore from BHEL, and ₹1.75 crore from Hindustan Zinc, with the March 2026 pipeline reaching ₹61.98 crore. Its go-to-market is direct enterprise field sales plus participation in government railway tenders, with exports into Russia, Ukraine, Japan, Taiwan, and Italy (recognized with the 2025 EEPC Special Trophy for Excellence in Exports of High-Technology Products). In FY26, the company reported revenue from operations of ₹202.9 crore (18% YoY growth), PAT of ₹21.26 crore (40%+ growth), and 20% EBITDA growth, alongside reduced long-term and short-term borrowings. Management projects the railway vertical alone could contribute ₹50 crore in the current fiscal year and ₹100 crore+ in the following year, suggesting a structural revenue shift toward RDSO-gated railway contracts.

Name

Simplex Castings

Legal name

Simplex Castings Ltd

Website

https://simplexcastings.com

Company type

Public

Founded year

1970

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Simplex Castings is a publicly listed Indian precision metallurgy and engineering company that manufactures heavy castings, railway bogies, and industrial equipment for steel, power, mining, and renewable energy customers through project-based enterprise contracts and government tenders.

Ownership category

akta.pro rank

Product category

Industrial Castings & Heavy Engineering Equipment

NAICS

Steel Foundries (except Investment) (331513), Foundries (3315)

SIC

Iron & Steel Foundries (3320)

akta.pro primary industry

Steel Casting (Continuous Casting, Ingots, Semi-Finished Slabs/Billets/Blooms) (IMAKABAD)

Keywords

• Industrial castings
• Heavy engineering components
• Coke oven equipment
• Railway bogies
• Precision metallurgy

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Equipment Orders: One-time project-based orders for specialized industrial equipment including coke oven doors, casting components, and railway wagon parts. Revenue recognized upon delivery within specified timeframes (typically 7-9 months).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Core offering

Simplex Castings manufactures heavy engineering castings and fabricated structures for industrial customers. Its core products include Cast Steel CASNUB Bogies and railway wagon components for the railways segment, and specialized coke oven equipment such as Zero Leakage Coke Oven Doors, High Grade Pusher Side Doors, Mechanical Plungers, and Helical Springs for steel and thermal power producers. The company also produces heavy industrial equipment such as 180 MT kettles for mining and metallurgical customers.

Product overview

Simplex Castings is a precision metallurgy and engineering company that manufactures industrial casting solutions. Its product portfolio centers on two primary verticals: railway components including Cast Steel CASNUB Bogies and critical wagon parts (re-entering the market where it previously held 60-70% share), and steel/thermal sector equipment such as Zero Leakage Coke Oven Doors, High Grade Pusher Side Doors, and Mechanical Plungers and Helical Springs. The company also produces specialized heavy industrial equipment like 180 MT kettles for mining and metallurgical applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Cast Steel CASNUB Bogies
• Zero Leakage Coke Oven Doors
• High Grade Pusher Side Doors
• Mechanical Plungers and Helical Springs
• 180 MT Kettle

Quantifiable outcome

• 40%+ growth in profit after tax (₹21.26 crore) with 18% revenue growth to ₹202.9 crore in FY26
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Ministry of New and Renewable Energy (MNRE)coreStrategic or Co-development Partner · 18 October 2024Simplex Castings was selected as one of three entities to implement pilot projects for green hydrogen use in steel production under the National Green Hydrogen Mission. The government is providing ₹3.47 billion (~$41.28 million) in financial support for these pilot projects. The project aims to validate technical feasibility of using green hydrogen to produce low-carbon steel through direct reduced iron and blast furnace applications, with commissioning expected within three years.
• Research Designs & Standards Organisation (RDSO)coreStrategic or Co-development PartnerRDSO approval under Ministry of Indian Railways enables Simplex Castings to undertake prototype testing of Cast Steel CASNUB Bogies and critical railway wagon components. This approval marks the company's strategic re-entry into railway manufacturing segment.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Pennar Industries: Indian engineering company producing railway components, precision tubes, and engineered steel products. Competes with Simplex in railway fabrication and custom engineering for industrial customers.
• BEML Limited: Public-sector heavy equipment manufacturer serving Indian Railways with coaches, wagons, and bogies. Directly comparable to Simplex's RDSO-approved railway product line at a much larger scale.
• Wheels India: Indian manufacturer of castings and wheels serving automotive, railways, and industrial customers. Closely comparable precision casting capabilities and railway customer base to Simplex Castings.
• Texmaco Rail & Engineering: Indian listed manufacturer of railway wagons, bogies, and cast steel components. Directly comparable to Simplex Castings' railway vertical, competing for the same Indian Railways wagon and bogie orders.
• Titagarh Wagons: Indian listed manufacturer of railway freight wagons, passenger coaches, and bogies. Competes with Simplex in cast bogies and wagon components for Indian Railways and freight corridors.
• TIL Limited: Indian heavy engineering company manufacturing material handling equipment and railway components. Comparable to Simplex's heavy engineering and railway product portfolio.
• Hindusthan Engineering & Industry: Indian heavy engineering and casting company supplying railway, steel, and industrial customers. Direct peer in the cast steel foundry and fabricated structures market.

Others

• Kalyani Steels: Indian producer of steel castings and forged components supplying industrial and automotive customers. Adjacent upstream peer supplying steel inputs to foundries serving similar end markets as Simplex.

Broad incumbents

• ISGEC Heavy Engineering: Large Indian heavy engineering company supplying process equipment, boilers, and railway components. Broad incumbent with comparable capabilities in fabricated structures for steel and power sectors.
• Mahindra CIE Automotive: Large Indian-listed automotive and industrial components group with foundry, forging, and machining capabilities. Broad incumbent with overlapping precision casting and engineering exposure, but at much larger scale and broader end-market mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/simplexcastings

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Simplex Castings