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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simplex Castings announced new order wins worth ₹41.38 Crores from three major industrial customers in March 2026. SMS Group placed an order for ₹23.13 Crores of Coke Oven Doors, ThyssenKrupp Group ordered ₹13.02 Crores of Coke Oven Doors, and BHEL Varanasi placed a ₹7.23 Crore order for Heavy Fabrication. Including ₹18.6 Crores in cumulative smaller orders for fabrication and castings, the company's total order book for March 2026 stands at ₹61.98 Crores. The company describes these as trial/qualification-stage mandates that could pave the way for larger, higher-margin follow-on orders from the same customers. Management highlighted that several large steel project announcements are expected soon, and Simplex is positioned to benefit given its global leadership in coke oven door manufacturing.
A meaningful positive for the company — multiple blue-chip order wins strengthen the near-term revenue pipeline and validate the company's standing with global steel majors. Execution on these trial orders will be key, as the management is explicitly banking on them converting into larger repeat business, which would be a more durable catalyst for the stock.