Indo SMC Limited Posts 135.96% Revenue Growth in Q1 FY27 Powered by Multi-Facility Expansion

Indo SMC Limited, an integrated manufacturer of advanced electrical enclosures, transformers, switchgear, and Sheet Moulding Compound (SMC) and Fibre Reinforced Plastic (FRP)-based products, has released its business update for the first quarter of FY27 (Q1 FY27).

The company reported strong top-line growth driven by capacity expansion, new product development, and ongoing export initiatives across the power distribution, industrial, and infrastructure sectors.

Key Financial Highlights

Total Revenue: Reached ₹88.12 crore for Q1 FY27.

Year-on-Year Growth: Increased 135.96% compared to the corresponding period in the previous financial year.

Plant-wise Revenue Contribution

Indo SMC Limited operates dedicated SMC, FRP, and Electrical Component divisions across manufacturing units in Gujarat, Maharashtra, and Rajasthan:

Nashik Facility (Maharashtra): Generated the largest share of quarterly revenue at ₹64.68 crore.

Ahmedabad Facility (Gujarat): Contributed ₹21.46 crore to overall top-line performance.

Ghiloth Facility (Rajasthan): Contributed ₹1.99 crore during the quarter.

Division-wise Operational Capacity & Utilisation

1. SMC & FRP Division

During Q1 FY27, the SMC & FRP division achieved an overall capacity utilization of 9.10%, producing 865.20 tons out of a total installed capacity of 9,507.00 tons.

SMC Electrical Enclosures & Sheets - Chequered Plates: Produced 229.18 tons against an installed capacity of 6,047.00 tons, representing a utilization rate of 3.79%.

FRP Gratings & Pultruded Sections: Produced 636.02 tons against an installed capacity of 3,460.00 tons, reflecting an 18.38% utilization rate.

2. Electrical Division (Nashik Facility)

High Tension Current Transformer: Achieved a 25% capacity utilization rate, manufacturing 3,000 units out of an installed capacity of 12,000 units.

Metering Cubicle: Recorded a 20% utilization rate, producing 360 units out of an installed capacity of 1,800 units.

Low Tension Current Transformer: Maintained an installed capacity of 180,000 units with 0 units produced (0% utilization).

Distribution Box: Maintained an installed capacity of 4,000 units with 0 units produced (0% utilization).

Key Highlights During Q1 FY27

1. Manufacturing Capacity Expansion

- Successfully installed Pultrusion Machines at the Ahmedabad manufacturing facility, strengthening the Company's FRP manufacturing capabilities and enhancing production capacity for structural composite products.

- Ongoing investments in advanced manufacturing continue to improve operational eƯiciency and support future demand growth.

2. Product Development Progress

- Vacuum Circuit Breaker (VCB) drawings for machines required at the Nashik plant are under final approval.

- 33 kV Metering Cubicle approvals for Isolator and Carrier-to-Noise Ratio (CNR) are under process, which is expected to strengthen the Company's electrical equipment portfolio.

3. Export Milestone

- Successfully executed the first export shipment of FRP products to Oman, marking the Company's entry into international markets for FRP solutions and expanding its global customer base.

4. New Order Win

- Received a Tarpaulin order from Indian Railways, strengthening the Company's presence across government and infrastructure-related sectors.

Strategic Positioning

Indo SMC continues to strengthen its position as an integrated manufacturer of electrical infrastructure products through capacity expansion, new product development and customer diversification.

The Company remains well positioned to benefit from increasing investments in power distribution infrastructure, industrial electrification and composite material applications owing to:

- Diversified portfolio across SMC, FRP and Electrical Components.
- Four strategically located manufacturing facilities.
- 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.

Shares of INDO SMC Limited was last trading in BSE at Rs. 427.25 as compared to the previous close of Rs. 406.95. The total number of shares traded during the day was 112000 in over 67 trades.

The stock hit an intraday high of Rs. 427.25 and intraday low of 423.25. The net turnover during the day was Rs. 47821600.00.

Source : Equity Bulls

Keywords

INE0WKY01013 IndoSMC ElectricalEquipment BusinessUpdate Q1FY27