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 ₹ 1,157 Cr.
- Current Price ₹ 506
- High / Low ₹ 534 / 134
- Stock P/E 35.7
- 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
- Stock is trading at 7.51 times its book value
- 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 | Mar 2026 | |
|---|---|---|---|---|
| FRP Installed Capacity Tons |
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| SMC Installed Capacity Tons |
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| Electrical (CT/PT) Segment Revenue Mix % |
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| FRP Capacity Utilization % |
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| Number of States with Revenue Presence Count |
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| SMC Capacity Utilization % |
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| Top 5 Customer Concentration % |
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| Order Book ₹ Crore |
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Extracted by Screener AI
Documents
Announcements
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Announcement Under Regulation 30 (LODR)
- Management held nine one-on-one physical investor meetings in Mumbai on August 17-18, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Crisil issued IPO fund-utilization report for quarters ended March 31 and June 30, 2026; Rs 3,979.74 lakh utilized.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Management to meet investors on 17-18 August 2026 in Mumbai.
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Announcement Under Regulation 30 (LODR)
- Q1 FY27 revenue ₹88.12 Cr, up 135.96%; installed pultrusion machines, first FRP export to Oman, won Indian Railways order.
Concalls
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Jun 2026Transcript PPT
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May 2026TranscriptAI SummaryPPT
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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.