Indobell Insulations bags ₹2.19 cr order from Sundaram Brake Linings
The order, worth 14% of FY26 revenue, extends a recent string of wins for the nano-cap industrial insulation maker after a sharp revenue decline.
— 10 earlier stories on Indobell Insulations Ltd. →What's new
- Domestic order from Sundaram Brake Linings for nodulated wool supply.
- Order with 45-day credit terms, to be executed by March 2028.
- Latest in a series: earlier orders from Škoda Power (₹5.10 cr) and GE Vernova (small export orders).
Why this matters
Indobell's annual revenue fell 39% to ₹15.58 crore in FY26. A ₹2.19 crore order, 14% of that eroded base, brings near-term visibility. Combined with larger orders from Škoda and GE, the order book is slowly rebuilding. For a ₹34 crore market cap company, every binding order moves the needle.
What we're watching
- Execution pace for the March 2028 timeline.
- Further orders from Sundaram or other automotive brake lining makers.
- Whether the order book can reverse the revenue decline in FY27.
The full read
Indobell Insulations has bagged a ₹2.19 crore domestic order from Sundaram Brake Linings for nodulated wool, to be delivered by March 2028 with 45-day credit terms. For a nano-cap that saw revenue shrink 39% to ₹15.58 crore last year, this single contract represents 14% of that base. It is the latest in a string: a ₹5.10 crore order from Škoda Power and smaller GE Vernova export orders have also come in recently. The order book is rebuilding, slowly. The next test is whether these wins can translate into a top-line recovery. At ₹34 crore market cap, every binding order moves the needle, but execution will matter more than announcements.
Questions answered
- What is the value of the order and what does it represent relative to Indobell's revenue?
- The order is worth ₹2.19 crore, approximately 14% of Indobell's FY26 annual revenue of ₹15.58 crore.
- Who is the counterparty and what is being supplied?
- The counterparty is Sundaram Brake Linings Limited. Indobell will supply nodulated wool, an industrial insulation material.
- What are the payment and delivery terms?
- Payment terms are 45 days direct credit. The order is to be fulfilled by March 2028.
- Is this order part of a larger trend for Indobell?
- Yes. Indobell has recently won a ₹5.10 crore order from Škoda Power and multiple small export orders from GE Vernova, suggesting a gradual rebuilding of its order book.
- How does this order affect Indobell's financial outlook?
- Given Indobell's ₹34 crore market cap and FY26 revenue decline, any binding order of this size adds meaningful revenue visibility. However, execution risk remains for a company that posted zero net profit in the March 2026 quarter.
Indobell Insulations Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on INDOBELL →- 17 Jul 2026 · 10:34 AM IST Indobell Insulations bags ₹2.19 cr order from Sundaram Brake Linings
- today Indobell lands ₹4.87 cr Sundaram Brake Linings order
- 3d ago Indobell wins second GE Vernova order, USD 47,400
- 34d ago Indobell lands ₹5.1 cr order from Skoda Power, 33% of FY26 revenue
- 34d ago Indobell lands USD 82,170 GE order, 4.4% of revenue