BSEINDO SMC LtdMediumNeutral
Announced Tue, 10 Feb · 16:14 IST

Investor Presentation on Unaudited Financial Results of the Company for the Quarter ended December 31, 2025

Order Pipeline DisclosedInvestor Communications View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

INDO SMC Limited filed its investor presentation for Q3 FY26 results, showing strong sequential growth. Revenue from operations rose 35% QoQ to ₹101.49 crore, driven by order inflows of ~₹54 crore across 11 kV metering cubicles, FRP cable trays, and SMC meter boxes. Profit after tax grew 34% QoQ to ₹12.10 crore, while EBITDA rose 23% QoQ to ₹16.45 crore. The company highlighted an order book of ₹142.45 crore as of Feb 9, 2026, and secured MSEDCL vendor approval for 11 kV metering cubicles. Working capital improved notably, with receivables days dropping from ~83 in H1 FY26 to ~40 in Q3 FY26. The stock trades at ₹185.20 with a market cap of ₹423.28 crore and promoter holding of 60.09%.

Likely market impact

The strong QoQ revenue and PAT growth, combined with a healthy ₹142.45 crore order book providing revenue visibility, is positive for shareholders. Improving working capital efficiency signals better cash flow management, though the small-cap nature and limited track record (incorporated 2021) mean investors should weigh the rapid growth against execution risks.