Recently listed Indo SMC bags ₹66.6 crore order from engineering firm; stock jumps 190% from March lows

Indo SMC secured an order worth Rs 66.60 crore from a Maharashtra-based engineering company to supply Variable Frequency Drive (VFD) panels, scheduled for execution by 31 July 2026. The stock has surged nearly 190% from March lows to trade at around Rs 407 apiece. For FY26, the company reported a net profit of Rs 32 crore, more than doubling year-on-year, with revenue from operations up 123% to Rs 310 crore.