Indobell lands ₹5.1 cr order from Skoda Power, 33% of FY26 revenue
The nano-cap insulation maker wins a domestic order worth nearly a third of last year's sales, offering a near-term revenue boost after a 63% profit drop.
— 7 earlier stories on Indobell Insulations Ltd. →What's new
- Indobell wins a ₹5.10 crore domestic order from Skoda Power Private Limited for thermal insulation products.
- Order execution deadline is September 15, 2026, with defined payment milestones.
- This single order is worth nearly 33% of the company's full-year FY26 revenue of ₹15.58 crore.
Why this matters
For a nano-cap that saw revenue shrink 39% and net profit plunge 63% in FY26, an order of this size provides meaningful near-term visibility. The counterparty's reputation adds credibility, but execution within three months is the real test after a string of small export wins.
What we're watching
- Whether Indobell can deliver the order within the tight 90-day timeline.
- Impact on Q2 FY27 revenue given the September deadline.
- If follow-on orders from Skoda Power materialize after this initial contract.
The full read
Indobell Insulations has bagged a ₹5.10 crore domestic order from Skoda Power, worth nearly a third of its ₹15.58 crore FY26 revenue. That is a big number for a nano-cap with a ₹29 crore market cap, especially after a year when revenue shrank 39% and net profit collapsed 63%. The payment milestones are front-loaded: 65% due on delivery within 45 days, execution by September. This order alone should lift Q2 FY27 revenue visibility. But the company still needs to prove it can execute at scale after a string of small export wins. One order does not reverse a trend, but it buys time.
Questions answered
- How large is this order relative to Indobell's recent revenue?
- At ₹5.10 crore, the order represents 32.7% of the company's FY26 revenue of ₹15.58 crore and 17.6% of its current market cap of ₹29 crore.
- Who is the counterparty, and why does it matter?
- Skoda Power Private Limited is a reputed subsidiary of the global Skoda group. A known industrial name reduces counterparty risk and could open doors for future business.
- What are the payment terms?
- The terms are 10% advance, 15% against engineering drawings, 65% against delivery within 45 days, and the final 10% against a bank guarantee.
- How does this compare to Indobell's recent orders?
- This is significantly larger than the USD 82,170 (₹0.68 crore) order from GE Vernova reported on June 12, 2026. That earlier order was 4.4% of FY26 revenue; this one is over seven times larger.
Indobell Insulations Ltd.
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All notes on INDOBELL →- 12 Jun 2026 · 8:29 PM IST Indobell lands ₹5.1 cr order from Skoda Power, 33% of FY26 revenue
- today Indobell lands USD 82,170 GE order, 4.4% of revenue
- 18d ago Indobell's new software partner won't move the needle
- 21d ago Indobell's audited FY26 results formalise a 39% revenue drop
- 21d ago Indobell's profit is built on a ₹1.21 cr write-back the auditor can't check