Indo SMC share price today

Indo SMC Ltd's share price was ₹358.55 at the close on 4 November 2026. It has been rising for 28 weeks. That is 2.0% above its average price over the last 200 trading days. There is not enough history yet to compare it with the NIFTY 500.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Indo SMC Ltd is in stage 2. The phase helps read everything below.

Since its first close in our records, on 3 July 2026, it has traded between ₹359 and ₹528, and at that close it was at the low of that range.

Over the last 4 months the share price moved −12% while the NIFTY 500 moved −6%, so it is behind the index over that whole period.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

For January to March 2026 (the quarter ended 31 March 2026), Indo SMC reported revenue of ₹197 crore, up 185.5% from ₹69.0 crore a year earlier, and a profit of ₹21.0 crore, up 320.0% from ₹5.00 crore.

Indo SMC results: January to March 2026 against a year earlier

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them.

The newest call in our records is from 25 September 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.

Indo SMC closed at ₹358.55 on 4 November 2026. Its highest weekly close since July 2026 was ₹528.10 on 11 September 2026.

Indo SMC share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

17 weekly closes from 3 July 2026 to 4 November 2026.

4 Nov 2026: Indo SMC closed at ₹358.55, down 16.6% on the week and down 29.0% on the month. 25 Sep 2026: Indo SMC held its results call for April to June 2026. Management guided: FY27 revenue growth approximately 40%, with potential to exceed goal.

Earlier

• Results for January to March 2026: Revenue up 185.5% and profit up 320.0% on a year earlier.

Indo SMC has paid no dividend on the NSE since its first NSE close in our records (3 July 2026), the start of the period we checked.

No. Indo SMC Ltd paid out 0% of its profit as dividends in each of its last 4 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 25 September 2026, Indo SMC's management guided: FY27 revenue growth approximately 40%, with potential to exceed goal.

“We are almost on track. If we are targeting 40%, we are moving accordingly and should achieve approximately 40% growth. We may perform even better because of the way we have expanded our product range.”Neel Niteshbhai Shah, on the call for April to June 2026

What management guided

• Operating cash flow positive this year, supported by setting aside 15-20% of receipts and maintaining 45-day terms.
• Bank financing prioritized; preferential allotment or QIB issue considered, with a QIB route possible if the company can wait until January.
• Larger Nashik plant operational from October 1; office and laboratory facilities to follow in another 1-2 months.
• 2,000-ton machine expected by end-December; Ahmedabad FRP machinery installation to follow after another 1-2 months.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 25 September 2026.

When Indo SMC reports April to June 2026, these are the 4 checks that show whether the story is still on course. First: July to September 2026 revenue and profitability print to confirm whether the better-than-Q1 trajectory is converting into the growth framework.

Indo SMC is not on any of our India lists this week.

Indo SMC Ltd earned ₹21.0 Cr of net profit in the Mar 2026 quarter, +320.0% on the same quarter a year earlier. Full-year FY26 profit was ₹32.0 Cr. That is 10.7% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹32.0 Cr (+88.2% on the year before).

Indo SMC Ltd reported ₹197 Cr of revenue in the Mar 2026 quarter, +185.5% on the same quarter a year earlier. Over 4 years it has grown 319.6% a year on average. The last full year, FY26, came in at ₹310 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹310 Cr, +123.0% on the year before.

Recent pace: the last four quarters grew +185.5% on average, against 319.6% a year over the longer run, so this year is growing slower than its own long-run rate.

Indo SMC Ltd's operating margin was 15.0% in the Mar 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Across 5 years it has been between 14.0% and 18.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

Over the last 3 years Indo SMC Ltd's operations used more cash than they brought in, so cash conversion was −100%, a gap worth watching. In FY26 its operations used ₹35.0 Cr of cash, against ₹32.0 Cr of profit. After ₹6.0 Cr of spending on assets, free cash was −₹41.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −100% of profit came in as cash: the cash cycle got 347 days shorter between FY22 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 13.0× depreciation over three years. The next section checks what that spending is building.

Indo SMC Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 155 days in FY26, down from 502 days in FY22. It spent ₹26.0 Cr on assets over the last 3 years. Customers take 42 days to pay, and stock sits for 135 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹310 Cr, each day of that cycle ties up about ₹0.8 Cr, so roughly ₹132 Cr is tied up in the business at any time.

FY26: customers took 42 days to pay and stock sat for 135 days, about 4.4 months of sales sitting as stock, for a full cycle of 155 days, shorter than FY22's 502.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 135 days. Customers pay about 42 days after that. Suppliers are paid at 23 days. Together that makes the 155-day cycle.

Spending on assets: ₹26.0 Cr over the last 3 years, against ₹2.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹8.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Indo SMC Ltd's P/E is 25.4×, near the low end of its own history: it has been lower only 31% of the time. Its usual P/E (the middle reading) is 35.0×, over 10 months of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Indo SMC Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Indo SMC Ltd earned a ROCE of 34% in FY26. That is up from a low of 17% in FY23. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 10.3% net margin and 1.38× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 10.3% net margin × 1.38× asset turnover × 1.45× leverage (assets divided by equity) ≈ 20.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

Indo SMC Ltd had ₹47.0 Cr of borrowings against ₹154 Cr of equity in FY26, so its debt is 0.31× its equity. Its operating profit is 8 times its interest bill. Over 4 years borrowings went from ₹0.0 Cr to ₹47.0 Cr. Over the last 3 of those years it spent ₹26.0 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

No group of Indo SMC Ltd's owners changed its stake by a full percentage point over the last 3 quarters. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

For Indo SMC Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

There is no score against its industry: Indo SMC Ltd is not present in the sector comparison for Electric Equipment - General.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

No sector comparison is shown here, not present in the sector comparison.

Indo SMC is the 9th largest of 14 Electric Equipment - General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Hindusthan Insulators & Industries, Vidya Wires and Vivid Electromech. Just below it: Indosolar, Saakshi Medtech & Panels and Parth Electricals & Engineering.

Electric Equipment - General companies close in size

6. Hindusthan Insulators & Industries Ltd ₹1,760 crore
7. Vidya Wires Ltd ₹1,729 crore
8. Vivid Electromech Ltd ₹1,008 crore
9. Indo SMC Ltd ₹941 crore
10. Indosolar Ltd ₹797 crore
11. Saakshi Medtech & Panels Ltd ₹733 crore
12. Parth Electricals & Engineering Ltd ₹659 crore

All 14 Electric Equipment - General companies, largest first

Companies close in size in other industries

1628. Freshara Agro Exports Ltd ₹944 crore · Food - Processing - Spices/Pickles
1629. Nahar Spinning Mills Ltd ₹943 crore · Textiles - Hosiery/Knitwear
1630. Indo SMC Ltd ₹941 crore
1631. The Hi-Tech Gears Ltd ₹941 crore · Auto Ancillaries - Gears
1632. Wonder Electricals Ltd ₹941 crore · Consumer Electronics

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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