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 ₹ 650 Cr.
- Current Price ₹ 284
- High / Low ₹ 302 / 134
- Stock P/E 20.1
- Book Value ₹ 67.4
- Dividend Yield 0.00 %
- ROCE 33.9 %
- ROE 34.1 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 42.7%
- Debtor days have improved from 92.8 to 42.1 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 47.5 days to 88.5 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 1 | 7 | 28 | 139 | 310 | |
| 1 | 6 | 23 | 115 | 263 | |
| Operating Profit | 0 | 1 | 5 | 23 | 47 |
| OPM % | 14% | 17% | 18% | 17% | 15% |
| 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 1 | 4 | 6 |
| Depreciation | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 1 | 4 | 19 | 41 |
| Tax % | 100% | 29% | 19% | 19% | 20% |
| 0 | 0 | 3 | 15 | 32 | |
| EPS in Rs | 0.00 | 7.08 | 41.04 | 9.25 | 14.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 249% |
| TTM: | 123% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 313% |
| TTM: | 110% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 43% |
| Last Year: | 34% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.65 | 0.65 | 0.73 | 17 | 23 |
| Reserves | 0 | 1 | 5 | 19 | 131 |
| 0 | 10 | 18 | 36 | 47 | |
| 5 | 2 | 13 | 28 | 23 | |
| Total Liabilities | 5 | 14 | 36 | 100 | 224 |
| 2 | 5 | 7 | 16 | 21 | |
| CWIP | 0 | 0 | 0 | 8 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 3 | 8 | 29 | 76 | 195 | |
| Total Assets | 5 | 14 | 36 | 100 | 224 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -3 | -6 | -14 | -35 | ||
| -3 | -2 | -17 | -7 | ||
| 6 | 8 | 31 | 92 | ||
| Net Cash Flow | -1 | 0 | 0 | 51 | |
| Free Cash Flow | -6 | -8 | -31 | -42 | |
| CFO/OP | -231% | -93% | -45% | -74% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 391 | 70 | 112 | 124 | 42 |
| Inventory Days | 197 | 423 | 326 | 62 | 135 |
| Days Payable | 86 | 137 | 230 | 72 | 23 |
| Cash Conversion Cycle | 502 | 356 | 208 | 114 | 155 |
| Working Capital Days | 1,185 | -26 | 20 | 34 | 88 |
| ROCE % | 17% | 27% | 48% | 34% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Capacity Utilization - Ahmedabad Plant % |
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| Installed Capacity - SMC & FRP (Ahmedabad Plant) Metric Tons |
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| Production Volume - SMC & FRP (Ahmedabad Plant) Metric Tons |
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| Revenue Concentration - Maharashtra % |
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| Installed Capacity - Electrical Components (Nashik Plant) Nos. |
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| Production Volume - Electrical Components (Nashik Plant) Nos. |
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Extracted by Screener AI
Documents
Announcements
- Announcement Under Regulation 30 (LODR) 7m
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Jun
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
25 May - Indo SMC submitted transcript of 22 May 2026 earnings call on FY26 audited results and growth outlook.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
23 May - Indo SMC shared audio recording link of investor meet held on 22 May 2026.
- Announcement under Regulation 30 (LODR)-Investor Presentation 22 May
Concalls
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May 2026Transcript PPT
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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.