Indo SMC
BSE: INDOSMC · Other Electrical Equipment
Snapshot
Unlock Indo SMC's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Indo SMC manufactures and distributes electrical equipment and components with a specialized focus on Sheet Moulding Compound products. The company produces distribution boxes, meter boxes, and insulators using reinforced plastics and composite materials for industrial and utility applications.
Business Model
The company generates revenue by supplying corrosion-resistant and fire-retardant housing solutions to state electricity boards, private power distribution companies, and industrial contractors.
Growth Outlook
Growth is driven by participation in grid modernisation and rural electrification projects across India, supported by demand for essential power distribution hardware.
Key Risks
- Customer Concentration Risk. Reliance on state electricity boards and large utility clients can lead to revenue volatility and delayed payments.
- Raw Material Price Volatility. Fluctuations in the costs of thermoset plastics, composites, and other raw materials may impact operating margins.
- Sector Cyclicality. Demand is closely tied to government spending and capital expenditure cycles in the power distribution and infrastructure sector.
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Peers · Other Electrical Equipment
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Indo SMCINDOSMC | ₹1,158 Cr | — | — | — | 15.0% | — | — | — |
RIR Power Electronics LimitedRIR | ₹1,510 Cr | 59.8× | 120.00 | 5.4% | 13.9% | 5.2% | 7.3% | -50.4% |
HINDUSTHAN INSULATORS and INDUSTRIES LIMITEDHUIL | ₹1,032 Cr | -4.2× | 10.53 | 41.4% | 27.5% | 6.8% | 9.7% | -76.2% |
Salzer Electronics LimitedSALZERELEC | ₹971 Cr | 21.5× | 10.88 | 20.8% | 7.6% | 7.9% | 17.2% | -31.3% |
Prostarm Info Systems LimitedPROSTARM | ₹813 Cr | 21.5× | 15.87 | — | 13.9% | 18.3% | 26.1% | -32.1% |
Kirloskar Electric Company LimitedKECL | ₹799 Cr | 106.6× | 19.75 | 3.4% | 7.9% | 6.0% | 15.3% | +4.6% |
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 manufactures and distributes electrical equipment and components with a specialized focus on Sheet Moulding Compound products. The company produces distribution boxes, meter boxes, and insulators using reinforced plastics and composite materials for industrial and utility applications.
Business Model
The company generates revenue by supplying corrosion-resistant and fire-retardant housing solutions to state electricity boards, private power distribution companies, and industrial contractors.
Growth Outlook
Growth is driven by participation in grid modernisation and rural electrification projects across India, supported by demand for essential power distribution hardware.
Key Risks
- Customer Concentration Risk. Reliance on state electricity boards and large utility clients can lead to revenue volatility and delayed payments.
- Raw Material Price Volatility. Fluctuations in the costs of thermoset plastics, composites, and other raw materials may impact operating margins.
- Sector Cyclicality. Demand is closely tied to government spending and capital expenditure cycles in the power distribution and infrastructure sector.
Start your research today
Unlock AI insights, financials, peers and live data on Indo SMC and 5,000+ companies — free.
Peers · Other Electrical Equipment
As of Mar 2026