Indo SMC Ltd
INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products catering to electrical, industrial, and infrastructural applications.[1]
- Market Cap ₹ 337 Cr.
- Current Price ₹ 147
- High / Low ₹ 192 / 134
- Stock P/E 21.8
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 47.7 %
- ROE 74.5 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 75.2%
Cons
- Debtor days have increased from 102 to 124 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of BSE SME IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 1 | 7 | 28 | 139 | |
| 1 | 6 | 23 | 115 | |
| Operating Profit | 0 | 1 | 5 | 23 |
| OPM % | 14% | 17% | 18% | 17% |
| 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 1 | 4 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 1 | 4 | 19 |
| Tax % | 100% | 29% | 19% | 19% |
| 0 | 0 | 3 | 15 | |
| EPS in Rs | 0.00 | 7.08 | 41.04 | 9.25 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 486% |
| TTM: | 395% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 415% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 75% |
| Last Year: | 74% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.65 | 0.65 | 0.73 | 17 |
| Reserves | 0 | 1 | 5 | 19 |
| 0 | 10 | 18 | 36 | |
| 5 | 2 | 13 | 28 | |
| Total Liabilities | 5 | 14 | 36 | 100 |
| 2 | 5 | 7 | 16 | |
| CWIP | 0 | 0 | 0 | 8 |
| Investments | 0 | 0 | 0 | 0 |
| 3 | 8 | 29 | 76 | |
| Total Assets | 5 | 14 | 36 | 100 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -3 | -6 | -14 | ||
| -3 | -2 | -17 | ||
| 6 | 8 | 31 | ||
| Net Cash Flow | -1 | 0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 391 | 70 | 112 | 124 |
| Inventory Days | 197 | 423 | 326 | 62 |
| Days Payable | 86 | 137 | 230 | 72 |
| Cash Conversion Cycle | 502 | 356 | 208 | 114 |
| Working Capital Days | 1,185 | -26 | 20 | 34 |
| ROCE % | 17% | 27% | 48% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Capacity Utilization - Ahmedabad Plant % |
|
||
| Installed Capacity - SMC & FRP (Ahmedabad Plant) Metric Tons |
|||
| Production Volume - SMC & FRP (Ahmedabad Plant) Metric Tons |
|||
| Revenue Concentration - Maharashtra % |
|||
| Installed Capacity - Electrical Components (Nashik Plant) Nos. |
|||
| Production Volume - Electrical Components (Nashik Plant) Nos. |
|||
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8h - Indo SMC to participate in Bharat Connect Conference (Arihant) virtually on March 11, 2026 at 5:00 p.m.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 16 Feb
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Feb - Audio link of investor meet held 11 Feb 2026 shared; transcript will be uploaded.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 Feb - Q3 FY26: Total income ₹10,159.11L; PAT ₹1,209.73L; secured ₹54Cr+ and ₹40Cr+ orders.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Feb
Concalls
-
Feb 2026Transcript PPT
Business Profile[1]
The company is an ISO certified manufacturer specializing in SMC (Sheet Moulding Compound) and FRP (Fibre Reinforced Plastic) products, along with electrical components such as CT/PTs and power distribution equipment. It primarily serves the power distribution, smart metering, electrical infrastructure, and broader industrial sectors.