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SIMPLEXCAS

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SIMPLEX CASTINGS LTD. Share Price Update

As of the latest trading session, SIMPLEX CASTINGS LTD. is trading at ₹436.95, down by ₹-2.69 or -0.61% from its previous close. The stock has moved between ₹411.30 and ₹446.85 today. Over the past year, the stock has delivered a return of 101.39%. In the last month, it has returned -15.05%.

Investment Returns

Over 1 Month -15.05% Over 3 Months -10.08% Over 6 Months -9.28% Over 1 Year 101.39%
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SIMPLEX CASTINGS LTD. fundamentals


  • Market cap (Cr) [-]
  • P/E Ratio (TTM) [-]
  • Beta [-]
  • Book Value / share [-]
  • Return on equity [-]%
  • EPS (TTM) [-]
  • Dividend yield [-]%
  • Net profit/quarter (Cr) [-]
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  • Market cap (Cr) 358.30
  • P/E Ratio (TTM) 19.32
  • Beta 1.02
  • Book Value / share 124.58
  • Return on equity 18.74%
  • EPS (TTM) 22.76
  • Dividend yield [-]%
  • Net profit/quarter (Cr) 4.76
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SIMPLEX CASTINGS LTD. Financials

  • Key Results
  • Key Ratios
  • Balance sheet
  • Cash Flow
  • Competition
info-icon
Revenue
Net income
Particulars DEC 2025 (Values in Cr)
Revenue 47.53
Operating Expense 42.78
Net Profit 4.76
Net Profit Margin (%) 10.01
Earnings Per Share (EPS) 6.33
EBITDA 9.32
Effective Tax Rate (%) 25.15
Particulars SEP 2025 (Values in Cr)
Revenue 55.41
Operating Expense 48.30
Net Profit 5.58
Net Profit Margin (%) 10.07
Earnings Per Share (EPS) 7.42
EBITDA 9.99
Effective Tax Rate (%) 25.23
Particulars JUN 2025 (Values in Cr)
Revenue 45.20
Operating Expense 38.91
Net Profit 4.74
Net Profit Margin (%) 10.48
Earnings Per Share (EPS) 6.70
EBITDA 9.20
Effective Tax Rate (%) 25.11
Particulars MAR 2025 (Values in Cr)
Revenue 67.10
Operating Expense 62.39
Net Profit 3.59
Net Profit Margin (%) 5.35
Earnings Per Share (EPS) 5.07
EBITDA 8.33
Effective Tax Rate (%) 30.82
Particulars DEC 2024 (Values in Cr)
Revenue 47.92
Operating Expense 40.82
Net Profit 6.29
Net Profit Margin (%) 13.12
Earnings Per Share (EPS) 8.74
EBITDA 10.88
Effective Tax Rate (%) 17.67
Particulars MAR 2025 (Values in Cr)
Revenue 171.88
Operating Expense 153.37
Net Profit 15.13
Net Profit Margin (%) 8.80
Earnings Per Share (EPS) 21.39
EBITDA 32.42
Effective Tax Rate (%) 23.77
Particulars MAR 2024 (Values in Cr)
Revenue 122.13
Operating Expense 121.98
Net Profit 2.39
Net Profit Margin (%) 1.95
Earnings Per Share (EPS) 3.90
EBITDA 16.20
Effective Tax Rate (%) 23.15
Particulars MAR 2023 (Values in Cr)
Revenue 116.61
Operating Expense 115.55
Net Profit -16.99
Net Profit Margin (%) -14.56
Earnings Per Share (EPS) -27.71
EBITDA -5.31
Effective Tax Rate (%) 10.10
Particulars MAR 2022 (Values in Cr)
Revenue 91.84
Operating Expense 90.64
Net Profit 1.52
Net Profit Margin (%) 1.65
Earnings Per Share (EPS) 2.48
EBITDA 16.41
Effective Tax Rate (%) 25.12
Particulars MAR 2021 (Values in Cr)
Revenue 80.56
Operating Expense 83.95
Net Profit 1.01
Net Profit Margin (%) 1.25
Earnings Per Share (EPS) 1.65
EBITDA 17.59
Effective Tax Rate (%) 31.29
Particulars MAR 2021 (Values in Cr)
Book Value / Share 74.10
ROE % -1.82
ROCE % 6.50
Total Debt to Total Equity 1.59
EBITDA Margin 17.35
Particulars MAR 2020 (Values in Cr)
Book Value / Share 71.57
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 1.24
EBITDA Margin -29.71
Particulars MAR 2019 (Values in Cr)
Book Value / Share 110.03
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 1.06
EBITDA Margin -3.74
Particulars MAR 2025 (Values in Cr)
Book Value / Share 78.72
ROE % 18.74
ROCE % 17.80
Total Debt to Total Equity 1.66
EBITDA Margin 18.86
Particulars MAR 2024 (Values in Cr)
Book Value / Share 54.07
ROE % 2.74
ROCE % 8.22
Total Debt to Total Equity 2.16
EBITDA Margin 12.28
Particulars MAR 2023 (Values in Cr)
Book Value / Share 49.73
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 1.70
EBITDA Margin 13.55
Particulars MAR 2022 (Values in Cr)
Book Value / Share 77.67
ROE % 2.00
ROCE % 6.91
Total Debt to Total Equity 1.52
EBITDA Margin 17.88
Particulars MAR 2021 (Values in Cr)
Book Value / Share 74.21
ROE % -1.89
ROCE % 6.47
Total Debt to Total Equity 1.59
EBITDA Margin 18.61
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 5.07
Total Assets 172.59
Total Liabilities 172.59
Total Equity 45.43
Share Outstanding 0
Price to Book Ratio 0.21
Return on Assets (%) 0.61
Return on Capital (%) 0.89
Particulars MAR 2020 (Values in Cr)
Cash & Short Term Investments 4.96
Total Assets 173.27
Total Liabilities 173.27
Total Equity 43.88
Share Outstanding 0
Price to Book Ratio 0.32
Return on Assets (%) -16.49
Return on Capital (%) -25.75
Particulars MAR 2019 (Values in Cr)
Cash & Short Term Investments 6.37
Total Assets 329.38
Total Liabilities 329.38
Total Equity 74.84
Share Outstanding 0
Price to Book Ratio 0.60
Return on Assets (%) -4.83
Return on Capital (%) -10.39
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 3.32
Total Assets 181.58
Total Liabilities 181.58
Total Equity 56.66
Share Outstanding 0
Price to Book Ratio 2.88
Return on Assets (%) 8.33
Return on Capital (%) 11.31
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 3.11
Total Assets 147.84
Total Liabilities 147.84
Total Equity 33.15
Share Outstanding 0
Price to Book Ratio 2.77
Return on Assets (%) 1.61
Return on Capital (%) 2.28
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 4.64
Total Assets 148.23
Total Liabilities 148.23
Total Equity 30.48
Share Outstanding 0
Price to Book Ratio 0.82
Return on Assets (%) -11.46
Return on Capital (%) -17.67
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 5.45
Total Assets 179.99
Total Liabilities 179.99
Total Equity 47.61
Share Outstanding 0
Price to Book Ratio 0.47
Return on Assets (%) 0.84
Return on Capital (%) 1.33
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 5.05
Total Assets 172.60
Total Liabilities 172.60
Total Equity 45.49
Share Outstanding 0
Price to Book Ratio 0.21
Return on Assets (%) 0.58
Return on Capital (%) 0.84
Particulars MAR 2021 (Values in Cr)
Net Income 1.50
Cash from Operations -0.34
Cash from Investing 2.99
Cash from Financing -3.02
Net change in Cash -0.37
Free Cash Flow 0.19
Particulars MAR 2020 (Values in Cr)
Net Income -56.79
Cash from Operations -29.41
Cash from Investing 82.61
Cash from Financing -49.82
Net change in Cash 0.43
Free Cash Flow -25.34
Particulars MAR 2019 (Values in Cr)
Net Income -9.93
Cash from Operations -23.39
Cash from Investing -1.03
Cash from Financing 6.98
Net change in Cash -0.49
Free Cash Flow -22.93
Particulars MAR 2025 (Values in Cr)
Net Income 19.84
Cash from Operations 9.14
Cash from Investing -12.34
Cash from Financing 4.41
Net change in Cash 1.20
Free Cash Flow 23.03
Particulars MAR 2024 (Values in Cr)
Net Income 3.11
Cash from Operations -2.95
Cash from Investing 5.16
Cash from Financing -2.48
Net change in Cash -0.27
Free Cash Flow -2.95
Particulars MAR 2023 (Values in Cr)
Net Income -18.90
Cash from Operations 11.86
Cash from Investing -0.65
Cash from Financing -9.72
Net change in Cash 1.48
Free Cash Flow 13.16
Particulars MAR 2022 (Values in Cr)
Net Income 2.02
Cash from Operations 19.02
Cash from Investing -0.03
Cash from Financing -19.54
Net change in Cash -0.54
Free Cash Flow 19.74
Particulars MAR 2021 (Values in Cr)
Net Income 1.46
Cash from Operations -0.35
Cash from Investing 3.02
Cash from Financing -3.02
Net change in Cash -0.35
Free Cash Flow 0.18
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
BHARAT FORGE LTD. 1991.05 80.64 9.93 95189.84 1085.25 2025.00
DCM LTD. 83.27 29.22 3.26 155.53 54.80 136.00
ELECTROSTEEL CASTINGS LTD. 91.39 16.03 0.95 5649.59 60.13 138.70
KENNAMETAL INDIA LIMITED 2354.70 44.19 8.00 5175.22 1947.00 3890.00
INVESTMENT & PRECISION CASTING 624.35 60.97 6.50 624.35 373.63 712.00
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
BHARAT FORGE LTD. 1991.05 71.21 8.60 95189.84 1085.25 2025.00
DCM LTD. 83.27 0.00 17.26 155.53 54.80 136.00
ELECTROSTEEL CASTINGS LTD. 91.39 15.23 0.98 5649.59 60.13 138.70
LAKSHMI PRE SCRE LTD 5.49 0.00 0.25 6.01 4.58 7.64

SIMPLEX CASTINGS LTD. shareholding pattern

Holding
44.7%
50.35%
4.93%
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SIMPLEX CASTINGS LTD. Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
436.95 -0.61 redarrow
red-green-graph indicator
16 Bearish
0 Bullish
  • 5 Days 438.40
  • 26 Days 463.10
  • 10 Days 446.80
  • 50 Days 469.40
  • 12 Days 450.00
  • 100 Days 468.20
  • 20 Days 459.20
  • 200 Days 442.50
436.53 PIVOT
First Support 431.07 First Resistance 445.12 Second Support 422.48 Second Resistance 450.58 Third Support 417.02 Third Resistance 459.17
RSI 41.84 ADX 78.65 MACD -13.15 Williams % R -63.26 Commodity Channel Index (CCI) -99.08
Date 2026-05-07 Week 22807.00 Same Day 14264.00 Month 16257.00
1 Year 1.03 3 Year 0.82
Over 1 Month
-15.05% down
Over 1 Year
101.39% down
Over 3 Months
-10.08% down
Over 3 Years
125.67% down
Over 6 Months
-9.28% down
Over 5 Years
97.07% down

SIMPLEX CASTINGS LTD. Corporate Actions

Dividend date Dividend amount Dividend type Record date Instrument type
12 Sep 2018 0.5 Final 15 Sep 2018 Equity shares
06 Sep 2017 0.5 Final 08 Sep 2017 Equity shares
22 Mar 2016 0.5 Interim 23 Mar 2016 Equity shares
15 Sep 2014 0.5 Final 17 Sep 2014 Equity shares
10 Sep 2013 1.0 Final 12 Sep 2013 Equity shares
25 Sep 2012 2.5 Final 27 Sep 2012 Equity shares
15 Sep 2011 2.5 Final 17 Sep 2011 Equity shares
08 Sep 2010 2.25 Final 13 Sep 2010 Equity shares
16 Sep 2009 2.0 Final 18 Sep 2009 Equity shares
18 Sep 2008 1.5 Final 20 Sep 2008 Equity shares
12 Sep 2007 1.0 Final 14 Sep 2007 Equity shares
15 Sep 2006 0.0 Final 19 Sep 2006 Equity shares

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SIMPLEX CASTINGS LTD. Share Price

Simplex Castings Limited is one of the leading Indian manufacturers of different engineering products, castings and equipment's for all core industrial sectors. With more than 50 years of engineering experience, technical know-how coupled with modern design, manufacturing & NDT facilities. Simplex Group was established in 1941 by a visionary entrepreneur Shri B M Shah. The Company was founded in 1970 as a Partnership Firm and further registered as a Private Limited Company on January 30, 1980 and was converted into a Public Limited Company in March, 1993.

The Company is engaged in manufacturing of Heavy Engineering Castings & fabricated items. Simplex Castings manufactures various grades in cast, machined & assembled condition for all industrial sectors like Steel Plants, Power Plants (Thermal, Hydro, Wind), Railways, Mines, Cement, Chemical, Oil, Defence, Sugar, Earth Moving , Machine Tools, Heavy Valves & Pumps Castings, Ship Building etc.

The main products of Company are equipments for Iron & Steel sector, Railways, Pumps & Valves, Power sector, Engineering sector etc. It has two manufacturing units situated in the State of Chhattisgarh in the city of Raipur & Bhilai.

The products of the company go mainly to industrial sectors like Steel, Railways, Power Plants, Mining, Cement, Sugar, Chemicals, Earthmovers, Machines Tools, Ship Building, Oil & Gas and Defense. Main products also go to blast furnaces and coke oven batteries. The company has technical collaborations with a number of companies for its products. Some of the firms are Nippon Steel Corporation, Japan; Ikio Iron Works, Japan; Dango & Dienenthal, Germany; China Metallurgical, China; Schalker, Germany; etc.

In 1993 a public issue was made to finance the modernisation of Urla Unit.

During 1999-2000, the company developed bi-metallic rolls being used in Thermal Power Plant.

The company for the first time in India developed Truck Frame for Deisel Locomotive Works as per drawing and design of G.M. Motors USA and with technical expertise from one of the leaders in Rail and Road Castings M/s Atchison Casting Corp. USA. The company is engaged in developing different casting for Steel Plants and also Valve and Cone Castings for supplying the same to Valve and Pump manufacturers.

During 2007-08, the Company at Bhilai Unit installed CNC machine, in Central India to undertake precision machining required for cast components. It installed smaller CNC machines, thereby strengthening their lead in offering machined components. It purchased a plate bending machine and diesel generator set of 600 KV. Whereas, in Urla Unit, the Green Sand Plant for manufacturing Casnub bogies and other kinds of bogies was installed. The Company purchased a new spectrometer replacing the old one to verify chemical composition of different product. It installed different machineries like compressor, sand muller mixer, welding machines etc.

In FY 2008-09, in the Bhilai Unit, the Company grew their fabrication business by constructing Shed for fabrication activities and also installed certain machineries for complete machining, boring, drilling, cutting purposes ie, for doing in- house fabrication activities. Also, it installed Piano-Miller, Vertical Milling Machine, EOT crane for day to day operation resulting an improvement in performance and productivity. In Urla Unit, 5MT Arc Furnance for melting steel / raw materials, Annealing Furnance for heat treatment of Castings was installed; the e Piano-Miller Machine & Radial Drill Machine also was installed. In addition to this, the Company imported a CNC Piano-Miller from Vision Wide, Taiwan for complete machining mainly for Railway Truck Frames, Coco Bogies on a single platform.

During FY 2009-10, the Company installed major facilities in the Bhilai Unit following Grid Blasting Machine, 50/10 T-26 MTR SPAN-EOT Crane, 8' Lathe Machine, Pipe Bending Machine, SAW Welding Machine and Plano Miller-CHA 8035. Similarly, the major developments in Urla followed CNC Double Col Plano Miller.

The Company incorporated a Wholly owned Subsidiary Company named Simplex Castings International Pte Ltd in Singapore on 12th September, 2018. Secondly, the Company got into a Business Transfer Agreement with Texmaco Rail and Engineering Limited on 26th April,2019 and sold their Steel Castings Foundry at Urla, in Chhattisgarh to Texmaco Rail and Engineering Limited on a Slump Sale as a going concern for consideration of Rs. 87.50 Crores.

Parent organization Indian Private
NSE symbol SIMPLEXCAS
Founded 1980
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Board Of Directors

Left Arrow
Ketan M Shah Chairman & Exec. Director
Sangeeta Ketan Shah ED / MD / Promoter
Sajal Kumar Ghosh E D & Wholetime Director
Champak K Dedhia Independent Non Exe. Director
Indu Nagar Independent Non Exe. Director
Shailesh Jain Independent Non Exe. Director
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Frequently Asked Questions

What is the Current Share Price of Simplex Castings Ltd?

Answer Field

Simplex Castings Ltd share price is for NSE ₹ 39.65 & for BSE ₹ 436.95 as on May 08 2026 03:28 PM.

What is the Market Cap of Simplex Castings Ltd Share?

Answer Field

The market cap of Simplex Castings Ltd for NSE ₹ 0.00 & for BSE ₹ 358.30 as on May 08 2026 03:28 PM.

What is the 52 Week High and Low of Simplex Castings Ltd?

Answer Field

The 52 Week High and Low of Simplex Castings Ltd for NSE is ₹ 41.90 and ₹ 0.00 and for BSE is ₹ 623.50 and ₹ 194.50.

What is 1 year return for Simplex Castings Ltd?

Answer Field

The 1 year returns on the stock has been 101.39%.

What is the P/E Ratio of Simplex Castings Ltd Share?

Answer Field

As on May 08 2026 03:28 PM the price-to-earnings (PE) ratio for Simplex Castings Ltd share is 19.32.

What is the PB ratio of Simplex Castings Ltd Share?

Answer Field

As on May 08 2026 03:28 PM, the price-to-book (PB) ratio for Simplex Castings Ltd share is 124.58.

How to Buy Simplex Castings Ltd Share?

Answer Field

You can trade in Simplex Castings Ltd shares with Bajaj Broking by opening a demat account.

How to Buy Simplex Castings Ltd Share on Bajaj Broking App?

Answer Field

To buy Simplex Castings Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “Simplex Castings Ltd”

• Click on the BUY icon

• Place a buy order specifying the desired quantity of shares.

• Click BUY again to complete the purchase

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SEBI Registration No.: INZ000218931 | BSE Cash/CDS/F&O (Member ID: 6706) | NSE Cash/F&O/CDS (Member ID: 90177) | MCX Member ID: 57680 | DP registration No : IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403 Research Analyst SEBI Registration No. INH000010043

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Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O/CDS (Member ID:6706) | NSE Cash/F&O/CDS (Member ID: 90177) | MCX Member ID: 57680 | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403. 

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Mr. Boudhayan Ghosh (For Broking/DP/Research)
Email | Contact No.: 020-4857 4486 

Investment in the securities involves risks, investor should consult his own advisors/consultant to determine the merits and risks of investment.

DISCLOSURES

Disclosures under the provisions of SEBI (Research Analysts) Regulations 2014 (Regulations) 

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. This research report has been prepared and distributed byBajaj Financial Securities Limited in the capacity of a Research Analyst as per Regulation 22(1) of SEBI (Research Analysts) Regulations 2014 having SEBI Registration No. INH000010043. 

DISCLAIMER

This e-mail/ short message service (SMS) may contain confidential, proprietary or legally privileged information. It should not be used by anyone who is not the original intended recipient. If you have erroneously received this message, please delete it immediately and notify the sender. The recipient acknowledges thatBajaj Financial Securities Limited or its holding and/or associated companies, as the case may be, are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail /SMS transmissions and further acknowledges that any views expressed in this message are those of the individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of Bajaj Financial Securities Limited. This message is not intended as an offer or publication or solicitation for distribution for subscription of or purchase or sale of any securities or financial instrument(s) to anyone in whose jurisdiction such subscription etc. requires prior local regulatory clearance or is contrary to the local laws of the land in any manner or as an official confirmation of any transaction. Before opening any attachments, please check them for viruses and defects. 

This service / information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose unless otherwise expressly authorised. This service / information is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subjectBajaj Financial Securities Limited and affiliates/ group/holding companies to any registration or licensing requirements within such jurisdiction. The distribution of this document in certain jurisdictions may be restricted by law, and persons in whose possession this document comes, should inform themselves about and observe any such restrictions.  

The data would be provided to the clients on an "as is" and "where-is" basis, without any warranty. Bajaj Financial Securities Limited or its subsidiaries and associated companies shall not be liable for any delay or any other interruption which may occur in providing the data due to any reason including network (Internet) reasons or snags in the system, breakdown of the system or any other equipment, server breakdown, maintenance shutdown, breakdown of communication services or inability of the Bajaj Financial Securities Limited or its subsidiaries and associated companies to provide the data. In no event shall the Bajaj Financial Securities Limited or its holding and associated companies be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the data provided by the Bajaj Financial Securities Limited or its holding and associated companies.

ADDITIONAL DISCLAIMER FOR U.S. PERSONS

Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.  

ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS

Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.  

This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.  

DISCLAIMER FOR REPORT

DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.  

This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.  

We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.  

Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.  

Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.  

Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at NSE

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : Pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites.

THIRD PARTY PRODUCT DISCLAIMER

Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.