Indo SMC
BSE: INDOSMC · Other Electrical Equipment
Snapshot
Unlock Indo SMC's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Indo SMC Limited manufactures and distributes electrical equipment and components, specialising in Sheet Moulding Compound (SMC) products. The company provides durable, corrosion-resistant, and fire-retardant housing solutions such as distribution boxes and insulators for the electrical infrastructure sector.
Business Model
The company generates revenue by supplying essential hardware to state electricity boards, private power distribution companies, and industrial contractors. Its business model focuses on leveraging expertise in thermoset plastics to support grid modernisation and rural electrification projects.
Growth Outlook
Growth is driven by the ongoing demand for grid modernisation and rural electrification infrastructure across India. The company's niche focus on composite materials positions it to benefit from the increasing requirement for durable electrical safety equipment.
Key Risks
- Concentration Risk. Heavy reliance on state electricity boards and government-led infrastructure projects can lead to payment delays and cyclical demand.
- Raw Material Price Volatility. Fluctuations in the costs of thermoset plastics and reinforced composite materials can significantly impact profit margins.
- Competitive Pressure. The electrical equipment sector is highly fragmented, exposing the company to intense price competition from both organised and unorganised players.
- Regulatory Dependency. Changes in government policies regarding power distribution and infrastructure spending directly influence the company's order book.
Price
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Peers · Other Electrical Equipment
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Indo SMCINDOSMC | 334 | — | — | — | 15.0% | — | — | — |
ModisonMODISONLTD | 397 | 13.54 | 9.35 | 44.9% | 17.4% | 31.4% | 44.1% | +66.9% |
Magnus SteelMAGNUS | 369 | 46.08 | 570.40 | 283.6% | 12.6% | -56.2% | -950.0% | — |
Hind.Urban InfraHUIL | 353 | 1.16 | 6.16 | 18.9% | 19.4% | 18.4% | 18.0% | — |
GEEGEE | 339 | 25.87 | 7.02 | — | 14.1% | 12.6% | 18.8% | -28.2% |
Delton CablesDLTNCBL | 324 | 24.65 | 7.88 | 39.1% | 6.7% | 9.6% | 32.3% | -38.3% |
As of Mar 2026
Financials
Indo SMC
BSE: INDOSMC · Other Electrical Equipment
Snapshot
Unlock Indo SMC's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Indo SMC Limited manufactures and distributes electrical equipment and components, specialising in Sheet Moulding Compound (SMC) products. The company provides durable, corrosion-resistant, and fire-retardant housing solutions such as distribution boxes and insulators for the electrical infrastructure sector.
Business Model
The company generates revenue by supplying essential hardware to state electricity boards, private power distribution companies, and industrial contractors. Its business model focuses on leveraging expertise in thermoset plastics to support grid modernisation and rural electrification projects.
Growth Outlook
Growth is driven by the ongoing demand for grid modernisation and rural electrification infrastructure across India. The company's niche focus on composite materials positions it to benefit from the increasing requirement for durable electrical safety equipment.
Key Risks
- Concentration Risk. Heavy reliance on state electricity boards and government-led infrastructure projects can lead to payment delays and cyclical demand.
- Raw Material Price Volatility. Fluctuations in the costs of thermoset plastics and reinforced composite materials can significantly impact profit margins.
- Competitive Pressure. The electrical equipment sector is highly fragmented, exposing the company to intense price competition from both organised and unorganised players.
- Regulatory Dependency. Changes in government policies regarding power distribution and infrastructure spending directly influence the company's order book.
Price
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Unlock AI insights, financials, peers and live data on Indo SMC and 5,000+ companies — free.
Peers · Other Electrical Equipment
As of Mar 2026