Indo SMC Limited is engaged in manufacturing electrical and composite-based products used in power distribution and industrial applications. The company generates revenue through manufacturing and sale of SMC boxes, FRP products, current transformers, metering cubicles, and electrical enclosures. Its products are widely used in power utilities, infrastructure projects, renewable energy installations, and industrial electrical systems across India.

The Company is led by Promoter, i.e.,NITIN JASVANTBHAI PATEL, NEEL NITESHBHAI SHAH, RIKTABAHEN SONAWALA, CHAITANYA PATEL AND RACHIT JAIN

The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 11,261.89 Lakh, ₹ 13,877.92 Lakh, ₹ 2,805.90 Lakh, and ₹ 729.55 Lakh, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,719.27 Lakh, ₹ 2,282.74 Lakh, ₹ 508.47 Lakh, and ₹ 115.46 Lakh, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 1,145.51 Lakh, ₹ 1,544.09 Lakh, ₹ 300.36 Lakh, and ₹ 45.52 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 9.61 and post-issue EPS of ₹ 6.76 for FY25. The pre-issue P/E ratio is 15.50x,while the post-issue P/E ratio is 22.05x against the Industry P/E ratio is 13.88 The company's ROE for FY25 is 74.45%and RoNW is 43.27% The Annualised EPS is ₹ 10.02x and P/E is 14.86x. These metrics suggest that the IPO is Fully priced.

 
The Grey Market Premium (GMP) of INDO SMC showing listing gains of 10.10%.Given the company's financial performance and the valuation of the IPO, we recommend  Risky Investors to Apply to the INDO SMC Limited.