Simplex Infrastructures Secures ₹255.52 Crore Oil Drilling Order from Oil India

Key numbers

Market Cap	₹1,937.91 CrCement & Const.
P/E TTM	42.3Sector: 31.4
Piotroski Score	8Strong Financials
Order from	Oil India Limited
Deal value	₹255.52 Cr
Share of market cap	13.2%
Share of annual revenue	23.9%
Order book	₹920 Cr (0.9x revenue)

Key highlights

• Awarded a ₹255.52 crore contract from Oil India Limited for oil drilling services
• Total new orders for the current financial year reach approximately ₹920 crore
• Contract value represents 13.2% of the company current market capitalization
• Order inflow is equivalent to 23.9% of trailing twelve-month revenue of ₹1,069.15 crore
• Company reports a 125% year-on-year growth in net profit for the June 2026 quarter

Strategic Expansion into Oil Drilling Services

Simplex Infrastructures has secured a new contract for oil drilling services from Oil India Limited, valued at ₹255.52 crore. This order represents a significant addition to the company's portfolio, accounting for roughly 13.2% of its current market capitalization and nearly 24% of its trailing twelve-month revenue. The engagement with Oil India Limited highlights Simplex’s technical capabilities in specialized engineering segments beyond traditional construction.

This contract award follows the company's recent operational trend where revenue grew by 19.77% year-on-year in the June 2026 quarter, reaching ₹290.55 crore, as the firm continues to capture higher-value contracts in diverse sectors.

Strong Order Momentum in Fiscal Year 2027

• Total orders won during the current financial year aggregate to approximately ₹920 crore
• Earlier wins in 2026 include a ₹154.00 crore EPC power sector contract on January 21
• The company secured a ₹91.96 crore power sector project on February 6, 2026
• The current order book stands at 0.9x the company trailing twelve-month revenue
• Operating profit margins improved to 7.22% in the latest quarter from 3.1% a year ago
• Promoter holding is maintained at 35.99% with a pledged portion of 33.09%

Strengthening the Future Order Book

The receipt of the above orders in the ordinary course of business of the Company during the year have further strengthened the Company's order book and will help pave the way for future business growth.

Debt Restructuring and Financial Milestones

While order inflows remain strong, the company is managing critical financial restructuring. As of late September 2026, Simplex is in advanced negotiations to settle ₹46.16 crore in overdue term loans to prevent the reinstatement of ₹8,046.36 crore of restructured debt. Furthermore, the company faces a deadline on November 29, 2026, for the conversion of 6,555,883 preferential warrants, which requires a remaining payment of ₹216.75 per warrant.

These financial resolutions are being pursued alongside the execution of the new ₹920 crore order pipeline to stabilize the company long-term capital structure and ensure sufficient liquidity for ongoing projects.

What to watch next

• Settlement of ₹46.16 crore overdue term loans to avoid debt reinstatement, ongoing as of late 2026
• Conversion deadline for 6,555,883 preferential warrants on 29 November 2026
• Release of Q2 FY27 financial results expected in mid-November 2026

Simplex Infrastructures · financial snapshot

Share price	₹245.01
Market capitalisation	₹1,937.91 Cr
Revenue (annual)	₹1,021.19 Cr
Net profit (annual)	₹40.01 Cr
Revenue (latest quarter)	₹290.55 Cr+2.70% vs previous quarter
Net profit (latest quarter)	₹10.44 Cr-44.97% vs previous quarter
P/E (TTM)	42.3×Sector 31.41×
Promoter holding	35.99%0.00% QoQ
FII holding	0.39%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.