SML Mahindra Ltd.
Price
Daily candles · NSEWhat the numbers say
- Good return on equity: 3-year ROE 39.5%.
- Carries leverage: debt-to-equity of 0.54.
- Sales compounded at 37.4% over 3 years.
- Weak cash conversion (CFO/OP 0.56).
- Trades above its industry P/E (58.9 vs 34.4).
Generated automatically from reported financials. These are observations, not a recommendation to buy or sell.
- SML Mahindra reports 18% growth in total vehicle sales in September
Cargo Vehicles sales jumped 39% to 516 units in September 2026 as against 370 units in September 2025
- SML Mahindra reports 40% jump in total vehicle sales in August
Passenger Vehicles sales grew 31% to 683 units in August 2026 as compared with 521 units in August 2025
- SML Mahindra reports 5% fall in Q1 net profit
The total income of the company increased by 13.06% to Rs 958.73 crore for Q1FY27
- SML Mahindra reports 5% rise in commercial vehicles sales in June
The company's production of commercial vehicles stood at 1,587 units in June 2026 as compared to 1,546 units in June 2025, up by 2.65% Y-o-Y
- SML Mahindra signs MoU with MoRTH
The OEM will provide an 8 per cent discount on the ex-showroom price of eligible trucks and buses purchased under the scheme
Company announcements as filed with the exchanges. Reproduced for information — not a view or a recommendation.
| Profit & Loss · ₹ crore | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Net Sales | 2,399 | 2,196 | 1,822 | 924 | 591 |
| Other income | 6 | 5 | 3 | 6 | 5 |
| Total Income | 2,405 | 2,201 | 1,825 | 930 | 596 |
| Expenditure | 2,164 | 2,017 | 1,740 | 965 | 660 |
| Operating Profit | 241 | 184 | 85 | -35 | -64 |
| Interest | 30 | 30 | 25 | 22 | 23 |
| Depreciation | 48 | 48 | 42 | 44 | 46 |
| Profit before tax | 162 | 106 | 17 | -100 | -133 |
| Tax | 41 | -1 | -3 | -1 | 0 |
| Net Profit | 122 | 108 | 20 | -100 | -133 |
| EPS (₹) | 84.08 | 74.54 | 13.71 | -68.94 | -92.24 |
| Net margin % | 5.1 | 4.9 | 1.1 | -10.8 | -22.6 |
Standalone figures, as filed with the exchanges. Newest year first.
| Balance Sheet · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Equity capital | 14 | 14 | 14 | 14 | 14 |
| Reserves | 505 | 368 | 271 | 163 | 147 |
| Net worth | 519 | 383 | 286 | 178 | 161 |
| Total sources | 587 | 510 | 393 | 252 | 222 |
| Net block | 337 | 321 | 341 | 356 | 349 |
| Capital work in progress | 47 | 59 | 11 | 11 | 16 |
| Investments | 24 | 16 | 18 | 14 | 15 |
| Inventory | 661 | 578 | 580 | 422 | 296 |
| Debtors | 270 | 265 | 169 | 76 | 79 |
| Cash & bank | 21 | 20 | 49 | 6 | 14 |
| Book value (₹) | 358.86 | 264.42 | 197.34 | 122.96 | 111.58 |
Standalone figures, as filed with the exchanges. Newest year first.
| Cash Flow · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| From operations | 156 | 177 | -50 | 90 | -19 |
| From investing | -66 | -61 | -46 | -42 | -7 |
| From financing | -89 | -148 | 127 | -55 | 17 |
| Net change in cash | 1 | -32 | 31 | -7 | -8 |
| Free cash flow | 90 | 117 | -95 | 48 | -26 |
| Closing cash | 5 | 3 | 35 | 3 | 11 |
Standalone figures, as filed with the exchanges. Newest year first.
| Ratios | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| ROCE % | 31.2 | 27.4 | 24.1 | 9.5 | -16.4 |
| ROE % | 35.4 | 36.4 | 46.5 | 11.7 | -47.8 |
| PAT margin % | 5.5 | 5.0 | 4.8 | 1.1 | -10.6 |
| EBIT margin % | 8.2 | 7.9 | 6.1 | 2.3 | -8.4 |
| Debt / equity | 0.54 | 0.84 | 1.46 | 1.45 | 1.80 |
| Current ratio | 1.25 | 1.17 | 1.01 | 0.79 | 0.71 |
| Interest cover | 11.31 | 6.43 | 4.51 | 1.69 | -3.66 |
| Sales growth % | 18.3 | 9.2 | 20.6 | 97.1 | 56.4 |
| Dividend per share (₹) | 23.50 | 18.00 | 16.00 | 0.00 | 0.00 |
| Payout % | 21.3 | 21.4 | 21.5 | 0.0 | 0.0 |
Standalone figures, as filed with the exchanges. Newest year first.
Frequently asked
SML Mahindra Ltd. (SMLMAH) last traded at ₹4,951.00 on the NSE, down +10.00% on the session. Prices on this page are indicative and for information only.
SML Mahindra Ltd. has traded between ₹2,719.00 and ₹6,898.50 over the last 52 weeks on the NSE.
SML Mahindra Ltd. has a market capitalisation of about ₹7,165 crore.
SML Mahindra Ltd. trades at a P/E of 58.9, against an industry P/E of 34.4.
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Exchange filings and end-of-day data, not a live feed. Bulk, block and insider records are published by the exchanges when a threshold is crossed, so they show reportable activity only. For information, not a recommendation to deal, and not a view on any person named above.
Disclosures. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Prices and data on this page are indicative and for information only. Nothing here is investment advice or a recommendation to buy or sell any security. Investors should consider their own objectives, financial situation and risk profile, and may wish to seek independent advice, before investing.
Figures are as reported by the company; consolidated where available. Errors and omissions excepted.
L. F. C. Securities Pvt. Ltd. · Member BSE, NSE, MCX · SEBI Stock Broker INZ000170736 · CDSL IN-DP-281-2016 · AMFI ARN-78991 · Investment Adviser (Non-Individual) INA000011617 · Compliance Officer: Mr. Santosh Patil · santoshp@labdhi.in · 022-35006933 · Investor Grievances: investorgreve@labdhi.in