Financial Performance – Q1 FY27

  • Revenue: ₹88.12 Crore
  • Year-over-Year Growth: 135.96%

Plant-wise Revenue Performance (Q1 FY27)

| Manufacturing Facility | Revenue (₹ Crore) |

| Ahmedabad | 21.46 |

| Nashik | 64.68 |

| Ghiloth | 1.99 |

| Total | 88.12 |

Capacity & Utilisation – SMC & FRP Division (Q1 FY27)

| Product Category | Capacity (Ton) | Production (Ton) | Utilization (%) |

| SMC Electrical Enclosures & Sheets – Chequered Plates | 6,047.00 | 229.18 | 3.79% |

| FRP Gratings & Pultruded Sections | 3,460.00 | 636.02 | 18.38% |

| Total | 9,507.00 | 865.20 | 9.10% |

Capacity & Utilisation – Electrical Division (Nashik)

| Product | Installed Capacity | Utilised Capacity | Utilization |

| 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 Business Developments During Q1 FY27

1. Manufacturing Capacity Expansion

  • Successfully installed Pultrusion Machines at the Ahmedabad manufacturing facility
  • Strengthened FRP manufacturing capabilities and enhanced production capacity for structural composite products
  • Ongoing investments in advanced manufacturing to improve operational efficiency

2. Product Development Progress

  • Vacuum Circuit Breaker (VCB) drawings for machines required at Nashik plant are under final approval
  • 33 kV Metering Cubicle approvals for Isolator and Carrier-to-Noise Ratio (CNR) are under process
  • Expected to strengthen the Company's electrical equipment portfolio

3. Export Milestone

  • Successfully executed first export shipment of FRP products to Oman
  • Marks Company's entry into international markets for FRP solutions
  • Expands global customer base

4. New Order Win

  • Received Tarpaulin order from Indian Railways
  • Strengthens Company's presence across government and infrastructure-related sectors

Strategic Positioning Factors

Company identifies several factors positioning it for growth:

  • Diversified portfolio across SMC, FRP and Electrical Components
  • Four strategically located manufacturing facilities across Gujarat, Maharashtra and Rajasthan
  • 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

Business Description

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.