Simmonds Marshall Ltd (507998)

Capital Goods · Castings, Forgings & Fastners · NSE · Updated 1 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹230.25 ↑ 55.68% (1Y)

🎯 Key Takeaways

Simmonds Marshall Ltd is a mature, cash-generative capital goods company operating in the castings, forgings, and fasteners niche, with a dominant promoter holding structure and no institutional investor presence. Despite flat promoter ownership, the company has demonstrated strong profitability and returns, with ROE at 37.
Revenue declined 2.1% QoQ to ₹65 in Q1FY27.
⚠️ High promoter concentration (59.57%) creates governance and liquidity risks, especially if exits occur.

Market Cap

₹258

P/E Ratio

15.8

P/B Ratio

5.86

ROE

37.3%

ROCE

30.2%

Debt/Equity

1.07

Div Yield

0.35%

Promoter

59.7%

✨ Ask AI About 507998 📊 Interactive Charts

📖 The Story

Simmonds Marshall Ltd is a mature, cash-generative capital goods company operating in the castings, forgings, and fasteners niche, with a dominant promoter holding structure and no institutional investor presence. Despite flat promoter ownership, the company has demonstrated strong profitability and returns, with ROE at 37.3% and ROCE at 30.2%, supported by operational efficiency and strategic reinvestment in energy conservation. Management is focused on shareholder returns, having declared a consistent dividend of Rs. 0.80 per share and scheduled its 66th AGM to approve FY2026 results and related matters.

📰 What's Happening

The company held its 66th AGM on September 22, 2026, where shareholders approved the adoption of FY2026 financial statements, the appointment of Director Jamshid Pandole, and the declaration of a Rs. 0.80 per share dividend on 11.2 million equity shares, with a record date of September 15 and payment on or after September 27, 2026. Special business included auditor remuneration of Rs. 250,000 for Joshi Apte & Associates. Management emphasized electronic communication and KYC updates for shareholder engagement, reinforcing a disciplined approach to capital allocation and governance.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	59	60	66	65
Operating Profit	6	6	8	7
OPM %	10.2%	10.1%	11.9%	10.5%
Net Profit	4	4	4	4
EPS	₹3.38	₹3.87	₹3.95	₹3.42

Quarterly revenue has remained relatively stable around ₹60–66 crores over the last four quarters, with operating profit and margins showing slight improvement, peaking at 11.9% in March 2026. Net profit and EPS have held steady near ₹4 crores and ₹3.4–3.95 respectively, indicating consistent earnings power despite macro volatility. This stability aligns with management’s focus on operational efficiency, as highlighted in the annual report where R&D spend rose 15.95% and capital investment in energy conservation reached Rs. 425 Lakhs, contributing to improved return on net worth of 28.91%.

🔮 Management Outlook & What's Next

Management has explicitly signaled confidence in future performance through its actions and disclosures, particularly by maintaining and modestly growing profitability while reinvesting in energy efficiency and R&D. The declaration of a consistent dividend of Rs. 0.80 per share, along with the scheduling of the AGM to approve FY2026 results, reflects a focus on shareholder returns and governance transparency. No forward guidance on revenue or margins was provided in the filings, but the emphasis on internal controls, dematerialized shares, and zero related party transactions underscores a stable and controlled operational environment.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	2	2	2	2
Reserves	38	42	47	56
Borrowings	75	47	75	67
Total Liabilities	161	174	172	169
Fixed Assets	68	74	72	70
Investments	0	0	0	0
Total Assets	161	174	172	169

The balance sheet shows a stable capital structure with equity and reserves growing modestly from ₹42 Lakhs to ₹56 Lakhs over two years, while borrowings have increased from ₹47 Lakhs to ₹75 Lakhs, indicating rising leverage. Total assets have remained flat around ₹170–174 Lakhs, suggesting limited capital expansion. This implies that capital allocation is not focused on aggressive growth but rather on maintaining operations and servicing debt, with no evidence of large-scale reinvestment or M&A activity. The rising debt-to-equity ratio to 1.07 suggests increasing financial leverage, which warrants monitoring.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	+16
Investing	-7
Financing	-9
Net Cash Flow	+0

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	59.6%	59.6%	59.6%	59.7%
FII	0.0%	0.0%	0.0%	0.0%
DII	0.0%	0.0%	0.0%	0.0%
Public	31.4%	31.6%	31.5%	31.1%
# Shareholders	4,682	4,641	4,446	4,342

Promoter holding has slightly declined from 59.7% to 59.57% over the last four quarters, while public shareholding has gradually increased, indicating minor dilution or retail buying. However, FII and DII holdings remain at 0%, suggesting no institutional interest or access. The growing number of shareholder accounts (from 4,342 to 4,682) may reflect retail participation, but the lack of institutional inflows implies limited market visibility or analyst coverage. There are no signs of promoter selling or significant share buybacks.

⚖️ Peer Comparison — Castings, Forgings & Fastners

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
BHARATFORG	98,199	139.1	9.9%	7.5%	0.72
AIAENG	39,862	31.5	22.0%	18.3%	0.07
PTCIL	33,215	264.4	11.4%	9.1%	0.04
HAPPYFORGE	22,763	69.5	18.2%	15.4%	0.15
CIEINDIA	14,854	16.4	15.4%	12.1%	0.05
RKFORGE	13,537	126.2	6.3%	3.3%	0.72
KENNAMET	9,670	82.5	23.8%	18.1%	0.00
BALUFORGE	7,554	25.9	33.6%	27.8%	0.04
ELECTCAST	5,153	42.5	4.0%	2.0%	0.26
STEELCAS	3,549	39.2	30.9%	23.0%	0.00

🔗 Peer Stock Analyses

BHARATFORG AIAENG PTCIL HAPPYFORGE CIEINDIA

⚠️ Risk Factors

1. High promoter concentration (59.57%) creates governance and liquidity risks, especially if exits occur. 2. Zero institutional ownership may limit scalability and investor interest. 3. Rising debt levels (D/E at 1.07) could constrain financial flexibility if earnings were to weaken. 4. No growth guidance or visibility into new order pipelines is provided, making future performance dependent on execution rather than strategy.

📋 Recent Filings

🧠 Analyst's Read

Simmonds Marshall operates as a stable, dividend-paying capital goods company with strong returns and consistent earnings, but its lack of institutional interest, flat growth trajectory, and rising leverage suggest it is a niche, mature business with limited upside. Investors should monitor upcoming order visibility, debt servicing capacity, and any shifts in promoter behavior, as the company shows no signs of reinvesting for aggressive growth.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on 507998

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-01.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts for your stocks — summarized by AI daily

Set up your AI Radar — pick stocks, get daily email summaries of new filings.

Set up AI Radar — Free

Free account · 2 AI queries/day

About · Privacy Policy · Terms of Service · Pricing

Today's Announcements · Screener · Insights · AI Chat

Data provided by CMOTS Internet Technologies Pvt Ltd