Ashish Kacholia-backed Indo SMC Reports FY26 Revenue Jump of 124%, Profit Rises 92%

On Friday, shares of Indo SMC Ltd closed at Rs 259.90 per share, up 4.99 per cent from its previous closing of Rs 247.55 per share. The stock’s 52-week high is Rs 262 per share and its 52-week low is Rs 134 per share. The stock also surged 4.99 per cent to its Intraday high of Rs 259.90 during the trading session on May 22, 2026. As of 16:00 IST, the company’s market capitalisation stood at Rs 594.01 crore.

Indo SMC Ltd announced its audited financial results for the half year and financial year ended March 31, 2026, reporting strong growth in revenue and profitability backed by robust demand across its SMC, FRP and CT PT product segments.

For FY26, the company’s total income more than doubled by 123.73 per cent to Rs 310.5 crore from Rs 138.8 crore in FY25. EBITDA rose 102.82 per cent to Rs 47.6 crore compared to Rs 23.5 crore in the previous financial year.

Net profit increased 92.38 per cent year-on-year to Rs 32.4 crore from Rs 16.8 crore. Earnings per share (EPS) also climbed 72.61 per cent to Rs 18.09 against Rs 10.48 in FY25.

During H2 FY26, total income surged 186.78 per cent to Rs 197.9 crore from Rs 69 crore in H2 FY25. EBITDA jumped 282.96 per cent to Rs 29.9 crore, while EBITDA margin improved by 379 basis points to 15.09 per cent.

Net profit for the second half rose sharply by 344.68 per cent to Rs 20.9 crore from Rs 4.7 crore in the corresponding period last year. Net profit margin improved by 376 basis points to 10.58 per cent. EPS for H2 FY26 stood at Rs 10.94 compared to Rs 2.82 in H2 FY25, registering growth of 287.94 per cent.

Among business segments, CT PT Products emerged as the largest contributor with FY26 revenue of Rs 222 crore and segment profit of Rs 27 crore. SMC Products generated revenue of Rs 64 crore with segment profit of Rs 16.1 crore, while FRP Products reported revenue of Rs 23.7 crore and segment profit of Rs 3 crore.

The company said FY26 EBITDA margin stood at 15.35 per cent, while net profit margin came in at 10.43 per cent. Indo SMC also maintained healthy cash and cash equivalents of Rs 53.6 crore as of March 31, 2026.

The company added that ongoing investments in plant and machinery along with capacity expansion initiatives are expected to support future growth momentum.

Commenting on the performance, Managing Director and CFO Neel Shah said the company’s FY26 performance reflected successful execution of its expansion strategy and strong demand across key product categories. He added that growth in CT PT products along with stable performance from SMC and FRP businesses helped drive strong revenue and profitability growth.

He further said the company remains focused on strengthening manufacturing capabilities, improving operational efficiencies and enhancing customer relationships across industries. According to the management, deployment of IPO proceeds towards capacity expansion positions the company well to capture future growth opportunities from industrial and infrastructure-related sectors.

Indo SMC Ltd manufactures Sheet Moulding Compound products, Fiberglass Reinforced Plastic products and electrical components catering to power distribution, infrastructure, industrial and renewable energy sectors. The company operates multiple manufacturing facilities across India with in-house R&D and testing capabilities and is an approved vendor with several State Electricity Boards, DISCOMs and government utilities.

The company has a market cap of over Rs 300 crore. The stock price has surged over 67.89 per cent in the last 1 year.

The stock has delivered returns of nearly 93.96 per cent from its 52-week low of Rs 134 per share.

Disclaimer: The article is for informational purposes only and not investment advice.

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