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 ₹ 1,116 Cr.
- Current Price ₹ 488
- High / Low ₹ 534 / 134
- Stock P/E 34.5
- Book Value ₹ 67.4
- Dividend Yield 0.00 %
- ROCE 33.8 %
- ROE 33.9 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.5%
- Debtor days have improved from 92.8 to 42.1 days.
Cons
- Stock is trading at 7.24 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 48.4 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% | 11% | 20% |
| -0 | 0 | 3 | 17 | 32 | |
| EPS in Rs | -0.00 | 7.08 | 41.04 | 10.09 | 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: | 91% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 44% |
| 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 | 20 | 131 |
| 0 | 10 | 18 | 36 | 47 | |
| 5 | 2 | 13 | 27 | 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 | -11 | -35 | ||
| -3 | -2 | -17 | -7 | ||
| 6 | 8 | 31 | 92 | ||
| Net Cash Flow | -1 | 0 | 3 | 51 | |
| Free Cash Flow | -6 | -8 | -28 | -42 | |
| CFO/OP | -231% | -93% | -33% | -65% |
Ratios
| 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 | 37 | 88 |
| ROCE % | 17% | 27% | 47% | 34% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Electrical (CT/PT) Segment Revenue Mix % |
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| FRP Installed Capacity Tons |
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| SMC Installed Capacity Tons |
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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
-
Announcement Under Regulation 30 (LODR)
- Indo SMC won a domestic purchase order worth Rs. 3,171.22 lakh for FSP/MSP supply, executable in 4–5 weeks.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- Indo SMC held its 5th AGM, approved four resolutions, and reported FY26 revenue of ₹309.74 crore and PAT of ₹32.38 crore.
- Closure of Trading Window
-
Announcement Under Regulation 30 (LODR)
- Management attended analyst and institutional investors meet on September 25, 2026; no UPSI shared.
Concalls
-
Jun 2026Transcript PPT
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May 2026PPT
-
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.