BSECompany Update21h ago · 23 Jul 2026, 10:36 am
Business Update for the Quarter ended June 30, 2026
INDO SMC Ltd · 544681
✦ AI Summary▲ PositiveResults
INDO SMC Ltd has reported a 135.96% YoY growth in revenue for Q1 FY27, driven by capacity expansion, new product development, and export initiatives. The company has successfully installed pultrusion machines at its Ahmedabad facility, strengthened its FRP manufacturing capabilities, and executed its first export shipment of FRP products to Oman. Indo SMC has also received a new order from Indian Railways and continues to diversify its customer base.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
INDO SMC Ltd - 544681 - Announcement Under Regulation 30 (LODR)
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Date: - July 23, 2026
Compliance Department,
Bombay Stock Exchange
Mumbai
Symbol: INDOSMC ISIN: INE0WKY01013
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Business Update for the Quarter Ended June 30, 2026
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, we are pleased to submit the enclosed Business Update of INDO SMC LIMITED for the quarter
ended June 30, 2026.
The enclosed Business Update provides an overview of the Company's performance, key developments
and strategic initiatives during Q1 FY 2026-27.
You are requested to take the same on record.
Thanking you,
Yours Faithfully,
For INDO SMC Limited
Avani Patel
Company Secretary & Compliance Officer
Membership No: - A66815
Indo SMC Limited
Q1 FY27 Business Update
Capacity Expansion, New Product Development and Export Initiatives Driving
Sustainable Growth
Indo SMC Limited is an integrated manufacturer of advanced electrical enclosures, transformers,
switchgear, SMC and FRP-based products catering to the power distribution, industrial and
infrastructure sectors. The Company operates through dedicated SMC, FRP and Electrical
Component divisions with manufacturing facilities across Gujarat, Maharashtra and Rajasthan,
supported by in-house R&D and testing capabilities.
Financial Performance – Q1 FY27
Revenue: ₹ 88.12 Cr
YoY Growth: 135.96%
Plant-wise Revenue Performance (Q1 FY27)
Manufacturing Facility Revenue (₹ Cr)
Ahmedabad 21.46
Nashik 64.68
Ghiloth 1.99
Total 88.12
Capacity & Utilisation (Q1 FY27)
SMC & FRP Division
Installed Utilised Capacity Utilisation
Product
Capacity (Ton) (Ton) (%)
SMC Electrical Enclosures & Sheets –
6,047.00 229.18 3.79%
Chequered Plates
FRP Gratings & Pultruded Sections 3,460.00 636.02 18.38%
Total 9,507.00 865.20 9.10%
Electrical Division (Nashik)
Product Installed Capacity Utilised Capacity Utilisation
High Tension Current Transformer 12,000 Units 3,000 Units 25%
Low Tension Current Transformer 180,000 Units 0 Units 0%
Distribution Box 4,000 Units 0 Units 0%
Metering Cubicle 1,800 Units 360 Units 20%
Key Highlights During Q1 FY27
1. Manufacturing Capacity Expansion
Successfully installed Pultrusion Machines at the Ahmedabad manufacturing facility,
strengthening the Company's FRP manufacturing capabilities and enhancing production
capacity for structural composite products.
Ongoing investments in advanced manufacturing continue to improve operational
e(cid:431)iciency and support future demand growth.
2. Product Development Progress
Vacuum Circuit Breaker (VCB) drawings for machines required at the Nashik plant are
under final approval.
33 kV Metering Cubicle approvals for Isolator and Carrier-to-Noise Ratio (CNR) are
under process, which is expected to strengthen the Company's electrical equipment
portfolio.
3. Export Milestone
Successfully executed the first export shipment of FRP products to Oman, marking the
Company's entry into international markets for FRP solutions and expanding its global
customer base.
4. New Order Win
Received a Tarpaulin order from Indian Railways, strengthening the Company's
presence across government and infrastructure-related sectors.
Strategic Positioning
Indo SMC continues to strengthen its position as an integrated manufacturer of electrical
infrastructure products through capacity expansion, new product development and customer
diversification.
The Company remains well positioned to benefit from increasing investments in power
distribution infrastructure, industrial electrification and composite material applications owing
Diversified portfolio across SMC, FRP and Electrical Components.
Four strategically located manufacturing facilities.
Continuous investment in manufacturing automation and capacity expansion.
Strong product development pipeline including Metering Cubicles, VCB Panels and
RMUs.
Growing participation in utility, railway and infrastructure projects.
Expanding international presence through export opportunities.
Strong relationships with State Electricity Boards, DISCOMs and industrial customers.
Disclaimer
Certain statements in this document that are not historical facts are forward looking statements.
Such forward-looking statements are subject to certain risks and uncertainties, including but not
limited like government actions, local, political or economic developments, technological risks,
and many other factors that could cause actual results to di(cid:431)er materially from those expressed
or implied in the relevant forward-looking statements. The Company will not be in any way
responsible for any action taken based on such statements and undertakes no obligation to
publicly update these forward-looking statements to reflect subsequent events or
circumstances.
Note: The figure mentioned are management estimates and are subject to final audit
adjustments.
For Further Information Please Contact Corporate Communication Advisor:
For further information, please contact:
Ms Pooja Gandhi
EquiBridgex Advisors Private Limited
Email: info@equibridgex.com
Website: www.equibridgex.com