MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0109386
Market Cap
₹852 Cr
INDOSMC · BSE
Share Price
₹361.00
-3.19% today
Revenue
₹310 Cr
FY 2025-26 · +123.3% YoY
EBITDA
₹46.89 Cr
Margin 15.1%
Net Profit
₹32.39 Cr
FY 2025-26 · +109.8% YoY
Authorised capital
₹24 Cr
Registered with MCA
Paid-up capital
₹16.68 Cr
Issued & subscribed
Open charges
₹64.62 Cr
Satisfied ₹3.27 Cr
About Indo SMC Limited
Data last updated:
Indo SMC Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the general purpose and special purpose machinery and equipment segment of the electrical equipment sector. It was incorporated on 27 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U71100GJ2021PLC125904. Its GSTIN is 24AAGCI3290M1ZB (Gujarat). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544681.
The company has an authorised share capital of ₹24 Cr and a paid-up capital of ₹16.68 Cr. It is led by directors including Neel Niteshbhai Shah (Managing Director) and Riktabahen Sonawala.
Its last annual general meeting (AGM) was held on 18 June 2024, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 809 Shilp Zaveri Shyamal Cross Road, Vejalpur Shyamal Ahmedabad, Gujarat, India – 380006.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹309.74 Cr, a growth of 123.3% compared to the previous year. For the same year it recorded a net profit of ₹32.39 Cr (net margin 10.5%) and EBITDA of ₹46.89 Cr (EBITDA margin 15.1%). The net worth stands at ₹154.12 Cr (up 319% YoY). Total assets are valued at ₹201.32 Cr (up 177.1% YoY).
The company has about 47 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indosmc. As per MCA filings, the company has open charges of ₹64.62 Cr and satisfied charges of ₹3.27 Cr on record. The company has 8 deals on record (7 market trades, 1 ipo); the latest was in May 2026. Its 4 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger; the largest is Karnataka Vidyuth Karkhane Limited with revenue of ₹139.9 Cr.
Indo SMC Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0109386). For more details, the company can be reached via its website indosmc.com.
Company details
CIN U71100GJ2021PLC125904
Registration Number 125904
Incorporation Date 27 September 2021
ROC Ahmedabad
Listing Status Listed - Listed on BSE (544681)
Company Status Active
Date of Last AGM 18 June 2024
Date of Balance Sheet 31 March 2026
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0109386
CIN history
Indo SMC has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U71100GJ2021PLC125904, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U71100GJ2021PLC125904 | Current |
| U31909GJ2021PTC125904 | Previous |
| U31909GJ2021PLC125904 | Previous |
Key People
Neel Niteshbhai Shah Managing Director Riktabahen Sonawala Director Nitin Jasvantbhai Patel Director Recognitions & Rankings of Indo SMC
Contact details
Indo SMC Limited's registered office is in Ahmedabad, Gujarat.
- Registered Address809 Shilp Zaveri Shyamal Cross Road, Vejalpur Shyamal Ahmedabad, Gujarat, India – 380006
- IndustryElectrical, General Purpose And Special Purpose Machinery & Equipment, Electrical Equipment, Transport Equipment
Comprehensive company report
Indo SMC Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Indo SMC operates one associated brand: Indosmc. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of SMC and FRP composite products | indosmc.com |
Business activity
The main business activity of Indo SMC is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Indo SMC Limited, buy the company report.
Financials of Indo SMC Limited
FY 2025-26 filings availableIndo SMC Limited reported revenue of ₹309.74 Cr (up 123.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹310 Cr
+123.3% YoY
EBITDA
₹46.89 Cr
+100.4% YoY
Profit After Tax
₹32.39 Cr
+109.8% YoY
Net Worth
₹154 Cr
+319.0% YoY
Total Assets
₹201 Cr
+177.1% YoY
Total Debt
₹46.95 Cr
+31.3% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 310 | 139 | 28.03 | 7.30 | 0.69 |
| Revenue growth | +123.3% | +394.8% | +284.0% | +958.0% | - |
| EBITDA | 46.89 | 23.40 | 5.12 | 1.24 | 0.09 |
| EBITDA margin | +15.1% | +16.9% | +18.3% | +17.0% | +13.0% |
| Profit before tax | 40.54 | 19.11 | 3.68 | 0.63 | 0.04 |
| Net profit | 32.39 | 15.44 | 2.99 | 0.45 | (0.01) |
| Net profit margin | +10.5% | +11.1% | +10.7% | +6.2% | -1.5% |
| EPS (₹) | 18.09 | 9.25 | 41.09 | 7.00 | 0.03 |
| Balance sheet | |||||
| Total assets | 201 | 72.66 | 23.53 | 11.62 | 5.06 |
| Net worth | 154 | 36.78 | 5.79 | 1.17 | 0.65 |
| Total debt | 46.95 | 35.77 | 17.70 | 10.43 | 0.04 |
| Cash & bank | 53.55 | 2.88 | 0.28 | 0.03 | 0.56 |
| Net working capital | 171 | 46.65 | 14.97 | 6.29 | 2.83 |
| Cash flow | |||||
| Cash from operations | (34.77) | (10.90) | (5.78) | (2.90) | - |
| Cash from investing | (6.68) | (17.29) | (2.45) | (3.40) | - |
| Cash from financing | 92.12 | 30.79 | 8.23 | 5.77 | - |
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 |
|---|---|---|---|
| Revenue | 95.71 | 101 | 75.19 |
| Other income | 0.58 | 0.10 | 0.06 |
| Total expenses | 82.89 | 85.14 | 61.87 |
| EBITDA | 12.82 | 16.35 | 13.32 |
| EBITDA margin | +13.4% | +16.1% | +17.7% |
| Depreciation | 0.40 | 0.45 | 0.32 |
| Interest | 1.10 | 1.40 | 2.07 |
| Profit before tax | 11.90 | 14.60 | 10.99 |
| Tax | 3.07 | 2.51 | 2.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 |
|---|---|---|---|
| Revenue | 95.71 | 101 | 75.19 |
| Other income | 0.58 | 0.10 | 0.06 |
| Total expenses | 82.89 | 85.14 | 61.87 |
| EBITDA | 12.82 | 16.35 | 13.32 |
| EBITDA margin | +13.4% | +16.1% | +17.7% |
| Depreciation | 0.40 | 0.45 | 0.32 |
| Interest | 1.10 | 1.40 | 2.07 |
| Profit before tax | 11.90 | 14.60 | 10.99 |
| Tax | 3.07 | 2.51 | 2.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 310 | 139 | 28.03 | 7.30 | 0.69 |
| Revenue growth | +123.3% | +394.8% | +284.0% | +958.0% | - |
| Other income | 0.76 | 0.09 | 0.03 | 0.00 | 0.00 |
| Total expenses | 263 | 115 | 22.91 | 6.06 | 0.60 |
| Employee cost | 0.00 | 2.95 | 1.17 | 0.66 | 0.08 |
| EBITDA | 46.89 | 23.40 | 5.12 | 1.24 | 0.09 |
| EBITDA margin | +15.1% | +16.9% | +18.3% | +17.0% | +13.0% |
| Depreciation | 1.44 | 0.83 | 0.40 | 0.22 | 0.01 |
| Interest | 5.67 | 3.55 | 1.07 | 0.39 | 0.04 |
| Profit before tax | 40.54 | 19.11 | 3.68 | 0.63 | 0.04 |
| Tax | 8.15 | 3.67 | 0.69 | 0.18 | 0.05 |
| Net profit | 32.39 | 15.44 | 2.99 | 0.45 | (0.01) |
| Net profit margin | +10.5% | +11.1% | +10.7% | +6.2% | -1.5% |
| EPS (₹) | 18.09 | 9.25 | 41.09 | 7.00 | 0.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 22.86 | 16.68 | 0.73 | 0.65 | 0.65 |
| Reserves & surplus | 131 | 20.10 | 5.06 | 0.52 | 0.00 |
| Shareholders' funds (net worth) | 154 | 36.78 | 5.79 | 1.17 | 0.65 |
| Secured loans | 43.42 | 18.64 | 8.60 | 5.51 | 0.00 |
| Unsecured loans | 3.53 | 17.13 | 9.10 | 4.92 | 0.04 |
| Total debt | 46.95 | 35.77 | 17.70 | 10.43 | 0.04 |
| Total liabilities | 201 | 72.66 | 23.53 | 11.62 | 5.06 |
| Assets | |||||
| Gross block | 23.95 | 17.36 | 7.89 | 5.70 | 2.27 |
| Net block | 21.05 | 15.90 | 7.26 | 5.47 | 2.26 |
| Capital work in progress | 8.16 | 7.83 | 0.27 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 85.08 | 17.23 | 15.37 | 4.79 | 0.41 |
| Sundry debtors | 35.75 | 47.21 | 8.61 | 1.39 | 0.74 |
| Cash & bank balances | 53.55 | 2.88 | 0.28 | 0.03 | 0.56 |
| Loans & advances | 19.22 | 6.61 | 3.51 | 2.18 | 1.35 |
| Total current assets | 194 | 73.93 | 27.77 | 8.39 | 3.06 |
| Total current liabilities | 22.53 | 27.28 | 12.80 | 2.10 | 0.23 |
| Net working capital | 171 | 46.65 | 14.97 | 6.29 | 2.83 |
| Total assets | 201 | 72.66 | 23.53 | 11.62 | 5.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 2.88 | 0.28 | 0.03 | 0.56 | - |
| Net cash from operating activities | (34.77) | (10.90) | (5.78) | (2.90) | - |
| Net cash from investing activities | (6.68) | (17.29) | (2.45) | (3.40) | - |
| Net cash from financing activities | 92.12 | 30.79 | 8.23 | 5.77 | - |
| Net change in cash | 50.67 | 2.60 | 0.01 | (0.54) | - |
| Closing cash | 53.55 | 2.88 | 0.28 | 0.03 | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +123.3% | +394.8% | +284.0% | +958.0% | - |
| EBITDA growth | +100.4% | +357.0% | +312.9% | +1277.8% | - |
| PBT growth | +112.1% | +419.3% | +484.1% | +1475.0% | +9997.0% |
| Net income growth | +109.8% | +416.4% | +564.4% | +4600.0% | - |
| Revenue CAGR (3Y) | +248.8% | +485.8% | - | - | - |
| EBITDA CAGR (3Y) | +235.7% | +538.3% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +10.5% | +11.1% | +10.7% | +6.2% | -1.5% |
| Return on capital employed | - | +47.7% | +27.1% | +12.4% | +1.8% |
| Return on net worth | - | +74.5% | +86.2% | +50.6% | 0.0% |
| Debt / equity | - | 1.29 | 4.04 | 5.75 | 0.06 |
| Long-term debt / equity | - | 0.25 | 1.18 | 2.01 | 0.00 |
| Interest cover | 12.48 | 15.73 | 22.67 | 38.24 | 50.00 |
| Efficiency & per share | |||||
| Fixed asset turnover | - | 10.99 | 4.13 | 1.83 | 0.30 |
| Inventory turnover | - | 8.51 | 2.78 | 2.81 | 1.68 |
| Debtors turnover | - | 4.97 | 5.61 | 6.85 | 0.93 |
| EPS (₹) | 18.09 | 9.25 | 41.09 | 7.00 | 0.03 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 21.39 | 79.27 | 18.02 | 10.03 |
To see the full year-wise statements and ratios of Indo SMC Limited, buy the company report.
Board of directors of Indo SMC Limited
Indo SMC has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Riktabahen Sonawala | Director | 19 Jul 2023 | 3 Years 3 Months | Current |
| Nitin Jasvantbhai Patel Also directs: Accent Microcell Limited, Trilend Pharmaceuticals Private Limited, Aneta Pharmaceuticals Private Limited and 3 more | Director | 27 Sep 2021 | 5 Years 1 Months | Current |
| Neel Niteshbhai Shah Also directs: Antelp Corporation Private Limited | Managing Director | 27 Sep 2021 | 5 Years 1 Months | Current |
| Chaitanya Patel | Director | 27 Sep 2021 | 5 Years 1 Months | Current |
| Chintan Umeshbhai Bhatt | Director | 17 Oct 2024 | 2 Years 0 Months | Current |
| Shashwat Yatishkumar Shah Also directs: Claroid Pharmaceuticals Limited | Director | 17 Oct 2024 | 2 Years 0 Months | Current |
Peer comparison
Indo SMC Limited is compared with the 4 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indo SMC Limitedthis company | ₹309.74 Cr (FY 2026) | ₹32.39 Cr | 10.5% | 123.3% | Ahmedabad, Gujarat, India | |
| Karnataka Vidyuth Karkhane Limited | ₹139.9 Cr (FY 2025) | 8.0% | Bangalore, Karnataka, India | |||
| Agility Elektrotekniks Private Limited | ₹139.33 Cr (FY 2025) | 72.0% | Ghaziabad, Uttar Pradesh, India | |||
| Trading Engineers (International) Limited | ₹139.11 Cr (FY 2017) | 25.0% | New Delhi, Delhi, India | |||
| Uttam (Bharat) Electricals Pvt.Ltd. | ₹139.02 Cr (FY 2025) | 30.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Indo SMC Limited, buy the company report.
Charges & borrowings
Open charges
₹64.62 Cr
Satisfied charges
₹3.27 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Sep 2025 | 101152397 | Hdfc Bank Limited | ₹12.9 Lakh | Open | |
| 28 Jan 2025 | 101043789 | Standard Chartered Bank | ₹1.5 Cr | Open | |
| 30 Jan 2023 | 100690463 | Hdfc Bank Limited | ₹62.99 Cr | Open | |
| 30 May 2022 | 100580893 | Bank of India | ₹27.36 Lakh | Satisfied | |
| 05 Mar 2022 | 100572652 | Bank of India | ₹3 Cr | Satisfied |
To see the full charge records of Indo SMC Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Indo SMC Limited has 8 deals on record (7 market trades, 1 ipo); the latest was in May 2026.
Total deals
8
Market trades
7
IPO
1
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹2.35 Cr | Buyer: Excellent Shares and Finance Services Private Limited Seller: Pashupati Capital Services Private Limited |
| Feb 2026 | Market trade | ₹4.11 Cr | Buyer: Mansi Share and Stock Broking Private Limited Seller: Mansi Share and Stock Broking Private Limited |
| Feb 2026 | Market trade | ₹2.56 Cr | Buyer: L7 Hitech Private Limited |
| Jan 2026 | Market trade | ₹2.31 Cr | Seller: Ramdoot Realtors Private Limited |
| Jan 2026 | Market trade | ₹18.17 Cr | Buyer: Nexus Equity Growth Fund Sch-1, Royal Alpha Opportunity Fund, Mansi Share and Stock Broking Private Limited |
To see the full deal history of Indo SMC Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Indo SMC Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indo SMC Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indo SMC has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCI3290M1ZB | Gujarat | Active | 03 Nov 2021 |
| 27AAGCI3290M1Z5 | Maharashtra | Active | 10 Jun 2024 |
| 08AAGCI3290M1Z5 | Rajasthan | Active | 10 Dec 2024 |
To see the full GST registrations and return filing status of Indo SMC Limited, buy the company report.
Recent activity
Indo SMC Limited has 12 board changes on record since 2021: 6 appointments and 6 cessations. The latest: Chintan Umeshbhai Bhatt ceased to be Additional Director on 09 Dec 2024.
Filing
Indo Smc Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 62.99 Cr registered on 30 Jan 2023 with Charge ID 100690463 was modified on 12 Sep 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.13 Cr with Charge ID 101152397 was registered on 09 Sep 2025.
Charges
A charge with Standard Chartered Bank amounted to Rs. 1.50 Cr with Charge ID 101043789 was registered on 28 Jan 2025.
Ceased
Chintan Umeshbhai Bhatt ceased to be Additional Director.
Ceased
Shashwat Yatishkumar Shah ceased to be Additional Director.
Appointed
Chintan Umeshbhai Bhatt was appointed as Director.
Appointed
Shashwat Yatishkumar Shah was appointed as Director.
Ceased
Neel Niteshbhai Shah ceased to be Director.
Ceased
Nitin Jasvantbhai Patel ceased to be Director.
Ceased
Riktabahen . Sonawala ceased to be Director.
AGM
Indo Smc Limited last Annual general meeting of members was held on 18 Jun 2024 as per latest MCA records.
11 earlier events are in the company report.
News
Frequently asked questions
Indo SMC is an active public limited company based in Ahmedabad, Gujarat, India. The company works in general purpose and special purpose machinery and equipment, within the electrical industry. It was incorporated on 27 September 2021 (5+ years old) and is registered under CIN U71100GJ2021PLC125904. Listed on BSE: 544681.
Indo SMC reported revenue of ₹309.74 Cr for FY 2025-26 (up 123.3% YoY) based on standalone financials.
Indo SMC has 6 current directors:
- Neel Niteshbhai Shah - Managing Director
- Riktabahen Sonawala - Director
- Nitin Jasvantbhai Patel - Director
- Chaitanya Patel - Director
- Chintan Umeshbhai Bhatt - Director
- Shashwat Yatishkumar Shah - Director
The latest financial statements of Indo SMC on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 18 June 2024. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Indo SMC is 24AAGCI3290M1ZB, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAGCI3290M1Z5 (Maharashtra), 08AAGCI3290M1Z5 (Rajasthan).
The CIN (Corporate Identification Number) of Indo SMC is U71100GJ2021PLC125904. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indo SMC is a listed company as per MCA records. Its shares are listed on BSE (code: 544681).
Indo SMC was incorporated on 27 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Indo SMC has 8 deals on record (7 market trades, 1 ipo); the latest was in May 2026.
The peers of Indo SMC by revenue are Karnataka Vidyuth Karkhane Limited, Agility Elektrotekniks Private Limited, Trading Engineers (International) Limited, Uttam (Bharat) Electricals Pvt.Ltd, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Chintan Umeshbhai Bhatt ceased to be Additional Director on 09 Dec 2024. Shashwat Yatishkumar Shah ceased to be Additional Director on 09 Dec 2024. Chintan Umeshbhai Bhatt was appointed as Director on 17 Oct 2024. Indo SMC has 12 board changes on record in total.
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