Indo SMC Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹955 Cr
- P/E
- 29.50
- ROE
- 33.92%
- PEG
- 0.09
- Price to sales
- 3.09
- Debt to equity
- 0.30
- 52W high / low
- ₹534 / ₹134
- EBITDA margin
- 15.14%
- Net profit margin
- 10.45%
- Promoter holding
- 60.25%
- Sales (last year)
- ₹310 Cr
INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products catering to electrical, industrial, and infrastructural applications.[1]
Guidance scorecard · Q4 FY26 call
What Indo SMC Ltd's management guided
and where it ranks in Electrical Equipment
Electrical Equipment
RevenueQ4 FY26 call
20–40%- Target to reach INR 1,000 crores revenue in the next 3 years, implying ~50% growth.
- FY27 revenue target set between INR 450 crores to INR 500 crores.
- Order book expected to maintain current levels, with gradual addition of new orders.
- Focus on high-value products like CT PT, bus ducts, meter cubicles to sustain better margins and growth.
- Expansion planned in utilities and electrical distribution markets, including solar power and transmission.
- Export market expansion targeted in Gulf, Africa, Europe, US starting September onwards.
- Capex underway in SMC, FRP, and engineering units to enable revenue beyond INR 750 crores when fully operational.
2 more points from Indo SMC Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Indo SMC Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Indo SMC Limited plans capex in SMC, FRP, and electrical engineering units to increase capacity and product range.
- A 2,000-ton press machine is expected to arrive within 2-3 months for manufacturing larger products, including railway products.
- Capex includes new machines and testing units for 11kV and 33kV electrical products.
- FRP unit expansion with pultrusion and hand molding units will target telecom and railway sectors.
- Initial capex of around INR 25 crores post-IPO is planned to enhance machinery and automation.
- Nashik plant expansion is underway with added space and machinery to meet growing order book.
2 more points from Indo SMC Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Indo SMC Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- As of March 31, FY26, Indo SMC's order book stood at approximately INR237 crores.
- An additional INR125 crores worth of fresh orders has been added from April 1 to May 20, totaling around INR360 crores.
- Recent individual orders typically range from INR3-4 crores, with some orders up to INR10-15 crores.
- For FY27, the company is targeting to maintain and execute orders around INR450 to INR500 crores.
- Orders are being taken in smaller batches due to the geopolitical situation and are aimed at 2-3 months clearance to manage price fluctuations and supply.
2 more points from Indo SMC Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Electrical Equipment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹72,673 Cr | 18.1 | |
| 2 | 40%+ | Up 2%+ | ₹21,700 Cr | 158.1 | |
| 3 | 40%+ | Up 2%+ | ₹491 Cr | 12.2 | |
| 4 | 40%+ | Up 0–2% | ₹12,434 Cr | 48.4 | |
| 5 | 40%+ | Up 0–2% | ₹2,042 Cr | 35.4 | |
| 6 | 40%+ | Up 0–2% | ₹529 Cr | 7.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment rankingFinancials of Indo SMC Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Indo SMC Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Indo SMC Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 1 | 7 | 28 | 139 | 310 |
| Expenses + | 1 | 6 | 23 | 115 | 263 |
| Operating Profit | 0 | 1 | 5 | 23 | 47 |
| OPM % | 14% | 17% | 18% | 17% | 15% |
| Other Income + | 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% |
| Net Profit + | 0 | 0 | 3 | 15 | 32 |
| EPS in Rs | 0.00 | 7.08 | 41.04 | 9.25 | 14.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Indo SMC Ltd
Balance Sheet
Capital structure and asset base
| 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 |
| Borrowings + | 0 | 10 | 18 | 36 | 47 |
| Other Liabilities + | 5 | 2 | 13 | 28 | 23 |
| Total Liabilities | 5 | 14 | 36 | 100 | 224 |
| Fixed Assets + | 2 | 5 | 7 | 16 | 21 |
| CWIP | 0 | 0 | 0 | 8 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 3 | 8 | 29 | 76 | 195 |
| Total Assets | 5 | 14 | 36 | 100 | 224 |
Financials of Indo SMC Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | -3 | -6 | -14 | -35 | |
| Cash from Investing Activity + | -3 | -2 | -17 | -7 | |
| Cash from Financing Activity + | 6 | 8 | 31 | 92 | |
| Net Cash Flow | -1 | 0 | 0 | 51 | |
| Free Cash Flow | -6 | -8 | -31 | -42 | |
| CFO/OP | -231% | -93% | -45% | -74% |
Financials of Indo SMC Ltd
Ratios
Working capital efficiency and return 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 | 34 | 88 |
| ROCE % | 17% | 27% | 48% | 34% |
Guidance history
How Indo SMC Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Indo SMC Ltd's management said in earlier quarters
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