---
title: "Indo SMC Ltd (544681) — Share Price, Financials & Analysis"
symbol: "544681"
company: "Indo SMC Ltd"
canonical: "https://tapetide.com/stocks/544681"
isin: "INE0WKY01013"
nse_symbol: "INDOSMCLTD"
bse_code: "544681"
sector: "Capital Goods"
industry: "Other Electrical Equipment"
market_cap_cr: 1177.04
generated_at: "2026-09-13T18:39:12.572Z"
---

# Indo SMC Ltd (544681)

Canonical page: https://tapetide.com/stocks/544681

## Company

- **NSE Symbol:** INDOSMCLTD
- **BSE Code:** 544681
- **ISIN:** INE0WKY01013
- **Sector:** Capital Goods
- **Industry:** Other Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2026-01-21
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** indosmc.com

## About

INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products catering to electrical, industrial, and infrastructural applications.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:53:05.182119Z.

- **Market Cap:** ₹1177.04 Cr
- **Classification:** SME
- **P/E (reported):** 0
- **Book Value:** ₹28.84
- **Price to Book:** 17.85
- **Dividend Yield:** 0%
- **ROE:** 43.27%
- **ROCE:** 54.32%
- **Debt to Equity:** 0.31
- **Revenue (yearly):** ₹309.74 Cr
- **Net Income:** ₹34.33 Cr
- **EBITDA:** ₹46.89 Cr
- **52-Week High:** ₹533.8
- **52-Week Low:** ₹134
- **RSI (14):** 58.86

## Key Insights

### Strengths

- 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.

### Weaknesses

- Stock is trading at 7.83 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

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -137.89% | -374.14% | — |
| ebitda margin growth | -18.79% | -10.81% | -17.98% | 8.09% |
| net income growth | -27.27% | 122.92% | 313% | — |
| revenue growth | -5.22% | 123.16% | 249% | 238.2% |
| roce | — | 18.37% | 164.33% | 30.62% |
| roe | — | -16.52% | 44.65% | 11.35% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 69 | 197 |
| Expenses | 61 | 168 |
| Operating Profit | 8 | 29 |
| OPM % | 11 | 15 |
| Other Income | 0 | 1 |
| Interest | 2 | 2 |
| Depreciation | 0 | 1 |
| Profit before tax | 6 | 26 |
| Tax % | 15 | 21 |
| Net Profit | 5 | 21 |
| EPS in Rs | 2.82 | 9.16 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 7.08 | 41.04 | 9.25 | 14.17 |
| Dividend Payout % | — | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Ratios

| Item | 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 | 1185 | -26 | 20 | 34 | 88 |
| ROCE % | — | 17 | 27 | 48 | 34 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 82.32% | 60.09% | 60.25% | 60.25% |
| FIIs | 0% | 1.97% | 0.82% | 0.13% |
| DIIs | 0% | 8.32% | 6.79% | 2.65% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 23.16% | 21.11% | 29.46% |
| Others | 17.68% | 6.46% | 11.03% | 7.51% |
| No. of Shareholders | 86 | 1497 | 944 | 1334 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 7 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 494.77 | Buy |
| EMA (10) | 502.52 | Buy |
| SMA (20) | 501.38 | Buy |
| EMA (20) | 493.76 | Buy |
| SMA (50) | 460.19 | Buy |
| EMA (50) | 453.88 | Buy |
| SMA (100) | 370.06 | Buy |
| EMA (100) | 381.88 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 61.62 | Neutral |
| MACD (12,26,9) | 13.58 | Sell |
| Stochastic (14,3,3) | 76.94 | Neutral |
| ADX (14) | 18.81 | Neutral |
| Williams %R (14) | -4.08 | Sell |
| ATR (14) | 23.88 | High Volatility |
| ROC (12) | 7.72 | Buy |
| Stoch RSI (14) | 85.3 | Sell |
| UO (7,14,28) | 59.91 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8a831867-e3a4-467d-9de5-d76876475b65.pdf) |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07b0d409-3f25-4deb-b01e-f1bac0d2dd7f.pdf) |
| 2026-09-08 | [Shareholders Meeting To Be Held On September 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36e592f5-b34c-402f-b6ef-735bcf1f115f.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95914f9c-c051-474a-a66d-88c81362cb47.pdf) |
| 2026-09-04 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On September 04 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ba6563d6-3db4-49f3-ad89-dd437ded8c22.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23c14d43-f856-453b-8e54-e38ac5cae41c.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dd16726e-c755-44f1-924e-ffd62cbed85f.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=81f60cea-3831-4690-8331-e8284dcf00cc.pdf) |
| 2026-08-19 | [Announcement Under Regulation 30 (LODR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c5a1a394-0661-4f91-987a-b75d18364e81.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75d0572b-4d57-48b4-9784-ce71c868e704.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-06-22 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad70e449-0dbc-49e2-9f70-ed73d67a5020.pdf) |
| 2026-05-22 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=539d7aa7-89a0-4557-a398-b1e9ef9d3d22.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aca3884b-53be-4eb4-b79f-736b27298990.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-05-25 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e38b5639-a7e8-45a9-b8bc-53b61b6b1d64.pdf) |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f360681-f2b1-41aa-a630-f0acf81b6515.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-05-23 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=261fc400-c203-4f2f-a64d-5034cbe98544.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7364ead9-adbd-46fa-be4f-8a2e9828d735.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-19 | [Financial Results For The Half Year And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=19b1a6eb-087a-41d1-a53a-54b8375d0ca0.pdf) |
| 2026-02-09 | [Results- Financial Results For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b6586e85-4b0d-4292-9f69-e4546591994c.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 May - Indo SMC will participate in EL Asia 2026 exhibition at Bengaluru from May 14-17, 2026. | [Announcement Under Regulation 30 (LODR) 7 May - Indo SMC will participate in EL Asia 2026 exhibition at Bengaluru from May 14-17, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a26d06ac-3cd2-46ed-b09f-7eb54e69499c.pdf) |
| 7 Apr - On 7 April 2026, Arpankumar Patel appointed independent director; Chintan Bhatt resigned, committees reconstituted. | [Announcement under Regulation 30 (LODR)-Resignation of Director 7 Apr - On 7 April 2026, Arpankumar Patel appointed independent director; Chintan Bhatt resigned, committees reconstituted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b61344e4-b9f0-43dc-b17d-18021b3831e9.pdf) |
| 7 Apr - Indo SMC appoints Arpankumar Patel as independent director for 5 years; Chintan Bhatt resigns effective 6 April 2026. | [Board Meeting Outcome for Outcome Of The Board Meeting 7 Apr - Indo SMC appoints Arpankumar Patel as independent director for 5 years; Chintan Bhatt resigns effective 6 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e1754eb-bc0b-4925-87d4-3dee755182f4.pdf) |
| 7 Apr - Arpankumar Patel appointed independent director for 5 years; Chintan Bhatt resigned effective 6 April 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 7 Apr - Arpankumar Patel appointed independent director for 5 years; Chintan Bhatt resigned effective 6 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/30298690-80d2-4727-9f4f-8de6e31194ff.pdf) |
| 6 Mar - Indo SMC to participate in Bharat Connect Conference (Arihant) virtually on March 11, 2026 at 5:00 p.m. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Mar - Indo SMC to participate in Bharat Connect Conference (Arihant) virtually on March 11, 2026 at 5:00 p.m.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76aab32b-c66e-4556-87e6-61137a8068d8.pdf) |
| 5 May - Received domestic commercial order worth Rs. 2,498.4 lakhs for bus ducts and panels, to be supplied by 31 July 2026. | [Announcement Under Regulation 30 (LODR) 5 May - Received domestic commercial order worth Rs. 2,498.4 lakhs for bus ducts and panels, to be supplied by 31 July 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/35db70f0-e17c-4428-b0a1-6ff6f891a9e4.pdf) |
| 30 Mar - Trading window closed from 01 April 2026 until 48 hours after audited results for quarter/year ending 31 March 2026. | [Closure of Trading Window 30 Mar - Trading window closed from 01 April 2026 until 48 hours after audited results for quarter/year ending 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/de3f17f9-3a1c-473b-a1d4-6748d0cc3512.pdf) |
| 30 Apr - Indo SMC won Rs. 2,370 lakh domestic order on 30 April 2026 for bus ducts and panels, to supply within one month. | [Announcement Under Regulation 30 (LODR) 30 Apr - Indo SMC won Rs. 2,370 lakh domestic order on 30 April 2026 for bus ducts and panels, to supply within one month.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/49b4f16f-21c0-425f-8d4f-eb58f05c227c.pdf) |
| 30 Apr - Indo SMC won Rs. 2,370 lakh domestic order on 30 April 2026 for bus ducts and panels, to supply within one month. | [Announcement Under Regulation 30 (LODR) 30 Apr - Indo SMC won Rs. 2,370 lakh domestic order on 30 April 2026 for bus ducts and panels, to supply within one month.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/49b4f16f-21c0-425f-8d4f-eb58f05c227c.pdf) |
| 22 Apr - Indo SMC received two domestic orders totaling Rs 35.26 crore; execution in 6 months and 90-120 days. | [Announcement Under Regulation 30 (LODR) 22 Apr - Indo SMC received two domestic orders totaling Rs 35.26 crore; execution in 6 months and 90-120 days.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/694259ce-8d66-4033-a9c9-4c841c1e6033.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e38b5639-a7e8-45a9-b8bc-53b61b6b1d64.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e38b5639-a7e8-45a9-b8bc-53b61b6b1d64.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/539d7aa7-89a0-4557-a398-b1e9ef9d3d22.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/514221/68302514221.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/514221/5142210319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/514221/5142210318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/514221/5142210317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/514221/5142210316.pdf) |
| from bse | [Financial Year 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/514221/5142210315.pdf) |
| from bse | [Financial Year 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/514221/5142210314.pdf) |
| from bse | [Financial Year 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/514221/5142210313.pdf) |
| from bse | [Financial Year 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/514221/5142210312.pdf) |
| from bse | [Financial Year 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/514221/5142210311.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:39:12.572Z.