SML Mahindra Limited·COMMERCIAL VEHICLE 57.17·Agricultural, Commercial & Construction Vehicles Companies

Price

4,080.4

+5.26%
O:3875
H:4124.5
L:3870
C:4080.4

52W Range

27195348
+50%/-24%

Market Cap

₹5,905.01 Cr

Traded: ₹39.55 Cr (0.67%) 0.0x

Free Float: ₹1,281.39 Cr (3.09% of FF traded)

Volume · 60D trend

98.28 K 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:+1% 3M:+5% 6M:-8% 12M:+35%

Valuation

P/E37.0
P/B11.4
P/S2.1
EV/EBIT1.0

Business Strength

ROE0.0%
ROCE-17.6%
OPM9.8%
NPM5.6%

Growth (3Y CAGR)

EPS+31.3%
Sales+16.0%
Profit+100.0%
3Y Return+52.0%

Balance Sheet

Debt/Equity0.5
Debt280 Cr
Pledge0.0%
CWIP/Fixed Asset6.4%

Cash Position

CFO/NP97.5%
FCF86.1 Cr
FCF 3Y Avg115 Cr
Cash/MCap--

Others

Div Yield0.0%
Div Payout21.0%
Cash Conv. Cycle78 days
Tradeable Free Float21.7%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 93.37 Cr
7.29% FF
60d high
₹ 93.51 Cr
60d low
₹ 51.09 Cr
60d mean
₹ 81.93 Cr
vs mean
▲ 13.97%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Sales
+9.0%
+37.0%
+16.0%
--
+18.0%
Stable
ROE
+7.0%
+22.0%
+38.0%
--
--
Accelerating
Return
+14.0%
+51.0%
+52.0%
+99.0%
--
Accelerating
Profit
+12.0%
+26.0%
+100.0%
--
+31.0%
Stable

Quarterly Results

Mar 2026

PDF
Rev
898 Cr
+16% YoY+67% QoQ
OPM10.0%
NPM6.0%
PAT
+2% YoY54 Cr
EPS
+2% YoY37.5

Dec 2025

PDF
Rev
539 Cr
+62% YoY-3% QoQ
OPM8.0%
NPM3.3%
PAT
+3209% YoY18 Cr
EPS
+3176% YoY12.1

Sep 2025

PDF
Rev
555 Cr
+1% YoY-34% QoQ
OPM8.0%
NPM3.8%
PAT
-3% YoY21 Cr
EPS
-3% YoY14.6

Jun 2025

PDF
Rev
846 Cr
+13% YoY+10% QoQ
OPM12.0%
NPM7.9%
PAT
+44% YoY67 Cr
EPS
+44% YoY46.3

Mar 2025

PDF
Rev
771 Cr
+13% YoY+132% QoQ
OPM12.0%
NPM6.9%
PAT
+1% YoY53 Cr
EPS
+1% YoY36.6

Dec 2024

PDF
Rev
332 Cr
-14% YoY-40% QoQ
OPM6.0%
NPM0.3%
PAT
-80% YoY1 Cr
EPS
-80% YoY0.4

Sep 2024

PDF
Rev
550 Cr
+10% YoY-26% QoQ
OPM8.0%
NPM4.0%
PAT
+3% YoY22 Cr
EPS
+3% YoY15.1

Jun 2024

PDF
Rev
746 Cr
+18% YoY+10% QoQ
OPM11.0%
NPM6.2%
PAT
+46% YoY46 Cr
EPS
+46% YoY32.1

Mar 2024

PDF
Rev
680 Cr
+17% YoY+76% QoQ
OPM10.0%
NPM7.7%
PAT
+95% YoY52 Cr
EPS
+95% YoY36.1

Dec 2023

PDF
Rev
386 Cr
---23% QoQ
OPM6.0%
NPM0.8%
PAT
+2162% YoY3 Cr
EPS
--1.9

Sep 2023

PDF
Rev
499 Cr
---21% QoQ
OPM8.0%
NPM4.2%
PAT
+330% YoY21 Cr
EPS
--14.6

Jun 2023

PDF
Rev
632 Cr
--+8% QoQ
OPM7.0%
NPM5.1%
PAT
+1259% YoY32 Cr
EPS
--22.0

Mar 2023

PDF
Rev
583 Cr
----
OPM7.0%
NPM4.6%
PAT
+335% YoY27 Cr
EPS
--18.5

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.56
Interest Coverage5.3x
Promoter Pledge0.0%
Borrowings289 Cr

Efficiency

Receivable Days35 days
Inventory Days111 days
Payable Days68 days
Cash Conversion cycle78 days

Cash Position

Operating Cash Flow156 Cr
Investing Cash Flow-66 Cr
Financing Cash Flow-89 Cr
Free Cash Flow86 Cr

Detailed Financials

Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023PDF ↗
Sales898539555846771332550746680386499632583
Expenses807498513741681313505665608364459585540
Operating Profit904142105901845817122394743
OPM %10.0%8.0%8.0%12.0%12.0%6.0%8.0%11.0%10.0%6.0%8.0%7.0%7.0%
Other Income3222222121022
Interest76359768118759
Depreciation13131312121212121212121210
Profit Before Tax732428907112962503213225
Tax %25.0%25.0%26.0%25.0%26.0%29.0%24.0%25.0%-4.0%6.0%0.0%1.0%-7.0%
Net Profit541821675312246523213227
Exceptional Items--------------------------
EPS (Rs)37.512.114.646.336.60.415.132.136.11.914.622.018.5
Sales Growth (YoY)16.5%62.4%0.9%13.4%13.4%-14.0%10.2%18.0%16.6%--------
Sales Growth (QoQ)66.6%-2.9%-34.4%9.7%132.2%-39.6%-26.3%9.7%76.2%-22.6%-21.0%8.4%--
OP Growth (YoY)0.0%127.8%-6.7%29.6%26.8%-18.2%15.4%72.3%65.1%--------
OP Growth (QoQ)119.5%-2.4%-60.0%16.7%400.0%-60.0%-44.4%14.1%222.7%-43.6%-17.0%9.3%--
Profit Growth (YoY)2.0%3209.0%-3.0%44.0%1.0%-80.0%3.0%46.0%95.0%2162.0%330.0%1259.0%335.0%
EPS Growth (YoY)2.4%3175.7%-3.4%44.3%1.2%-80.0%3.4%45.9%95.3%--------
EPS Growth (QoQ)209.0%-16.7%-68.5%26.5%9789.2%-97.5%-53.0%-11.3%1854.0%-87.3%-33.7%18.7%--
OP Margin10.0%7.6%7.6%12.4%11.7%5.4%8.2%10.9%10.4%5.7%7.8%7.4%7.4%
Net Margin6.0%3.3%3.8%7.9%6.9%0.3%4.0%6.2%7.7%0.8%4.2%5.1%4.6%
Material Cost %78.0%74.0%76.0%76.0%75.0%72.0%77.0%77.0%76.0%75.0%77.0%81.0%80.0%
Employee Cost %6.0%11.0%10.0%7.0%7.0%15.0%9.0%7.0%7.0%13.0%9.0%8.0%8.0%
P/S2.08------------------------
P/E36.96------------------------
P/B11.38------------------------

Shareholding Pattern

Shareholders:39.1K (+52.1%)
Current MixMar 2026

Exchange Filings

50
Company Update08 Jul 2026

Report for the month of June 2026

Company Update06 Jul 2026

Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for quarter ended June 2026

Company Update01 Jul 2026

Sales Fig for the month of June 2026

Insider Trading / SAST30 Jun 2026

Closure of trading window from 1st July, 2026 to 23rd July, 2026 to consider & approve the Unaudited Financial Results of the Company for the first quarter (FY 2026-27) ending on 30th June, 2026.

Board Meeting30 Jun 2026

SML Mahindra Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/07/2026 ,inter alia, to consider and approve the Unaudited Financial Results ....

Company Update30 Jun 2026

Intimation under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''Listing Regulations'')

Company Update30 Jun 2026

Appointment of Mr. Vimal Agarwal as the Internal Auditor of the Company with effect from 1st July, 2026

Others30 Jun 2026

Outcome of Board Meeting

Company Update29 Jun 2026

Newspaper Advertisement-42nd Annual General Meeting (AGM) and E-Voting

Others27 Jun 2026

Annual Report 2026

Others27 Jun 2026

Business Responsibility and Sustainability Report (BRSR) 2026

Company Update27 Jun 2026

Letter to shareholders - Providing the weblink to access the Notice of the 42nd Annual General Meeting and the Annual Report for FY 2025-26.

AGM/EGM27 Jun 2026

Notice of 42nd Annual General Meeting

Others10 Jun 2026

Outcome of Board meeting

Company Update10 Jun 2026

Cessation of Dr. Venkataraman Srinivas (DIN: 11163042) as Executive Director & Chief Executive Officer of the Company with effect from the close of 30th June, 2026 on account of his transition ....

Company Update10 Jun 2026

Cessation of Dr. Venkataraman Srinivas (DIN: 11163042) as Executive Director & Chief Executive Officer of the Company with effect from the close of 30th June, 2026 on account of his transition ....

Company Update10 Jun 2026

Cessation of Dr. Venkataraman Srinivas (DIN: 11163042) as Executive Director & Chief Executive Officer of the Company with effect from the close of 30th June, 2026 on account of his transition ....

Company Update10 Jun 2026

Cessation of Dr. Venkataraman Srinivas (DIN: 11163042) as Executive Director & Chief Executive Officer of the Company with effect from the close of 30th June, 2026 on account of his transition ....

Company Update08 Jun 2026

Report for the month of May 2026

Company Update02 Jun 2026

Newspaper publication giving notice to shareholders about the proposed transfer of unclaimed dividend for FY 2018-19 and the respective shares to Investor Education and Protection Fund Authority

Company Update01 Jun 2026

Sales Fig for the month of May 2026

Company Update29 May 2026

Reminder letter sent to those shareholders whose Dividend has remained unclaimed or unpaid since FY 2018-19 for a period of seven consecutive years or more and whose shares are liable to ....

Company Update23 May 2026

Reminder letter sent to those shareholders whose Dividend has remained unclaimed or unpaid for FY 2018-19 and is liable to be transferred to the IEPF.

Insider Trading / SAST22 May 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Navodya Enterprises & PACs

Company Update08 May 2026

Newspaper Advertisements- Special window for re-lodgement of transfer request of physical shares

Company Update08 May 2026

Report for the month of April 2026

Company Update07 May 2026

Annual Secretarial Compliance Report for FY 2025-26

Company Update01 May 2026

Sales Fig for the month of April 2026

Company Update24 Apr 2026

Transcript of the Press/Analyst/ Institutional Investor Call

Company Update21 Apr 2026

Newspaper Advertisements - Audited Financial Results for the fourth quarter and financial year ended on 31st March, 2026

Company Update20 Apr 2026

Audio-video recording of the Press/Analyst / Institutional Investor Call

Corp. Action20 Apr 2026

The record date for the purpose of the Annual General Meeting and payment of dividend is 3rd July, 2026 (Friday)

Company Update20 Apr 2026

The Board has appointed Mr. K.N. Vaidyanathan as an Internal Auditor of the Company for FY 2026-27.

AGM/EGM20 Apr 2026

The 42nd Annual General Meeting of the Members of the Company will be held on 21st July, 2026 (Tuesday)

Company Update20 Apr 2026

Presentation on Press/Analyst/Institutional Investor meet

Result20 Apr 2026

Audited Financial Results for the fourth quarter and financial year ended 31st March, 2026

Corp. Action20 Apr 2026

The Board has recommended final dividend of 235% (Rs. 23.50 per share) for the Financial year ended on 31st March, 2026

Board Meeting20 Apr 2026

Outcome of Board Meeting held on 20.04.2026

Company Update17 Apr 2026

Update on the link given for the Press/Analyst/Institutional Investor Meeting

Company Update15 Apr 2026

Schedule of Press/Analyst/Institutional Investor Meeting

Company Update08 Apr 2026

Report for the month of March 2026

Company Update07 Apr 2026

Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for quarter ended March 2026

Corp. Action01 Apr 2026

meeting of Board of Directors of the Company is scheduled on 20/04/2026 ,inter alia, to consider and approve the Audited Financial Results of the Company for the fourth quarter and financial ....

Company Update01 Apr 2026

Sales Fig for the month of March 2026

Company Update31 Mar 2026

Cessation of Senior Management Personnel

Insider Trading / SAST31 Mar 2026

Closure of trading window from 1st April, 2026 to 23rd April, 2026 to consider & approve the Audited Financial Results of the Company for the fourth quarter and financial year ending on ....

Board Meeting31 Mar 2026

SML Mahindra Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/04/2026 ,inter alia, to consider and approve the Audited Financial Results ....

Company Update27 Mar 2026

Newspaper Advertisements- Special window for re-lodgement of transfer request of physical shares

Company Update08 Mar 2026

Report for the month of February 2026

Company Update01 Mar 2026

Sales Figure for the month of February 2026

Annual Reports

14

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

Credit Ratings

6
icraRating update
28 Nov 2025Report
icraRating update
17 Oct 2025Report
icraRating update
05 May 2025Report
icraRating update
06 Sept 2024Report
icraRating update
14 Aug 2023Report
icraRating update
01 Aug 2022Report

Concalls

14

Apr 2026

30 Apr 2026

Sep 2020

30 Sept 2020

May 2019

31 May 2019

Aug 2018

31 Aug 2018

Jun 2018

30 Jun 2018

Jun 2018

30 Jun 2018

Dec 2017

31 Dec 2017

Nov 2017

30 Nov 2017

Sep 2017

30 Sept 2017

Jun 2017

30 Jun 2017

Mar 2017

31 Mar 2017

Oct 2016

31 Oct 2016

Aug 2016

31 Aug 2016

Jun 2016

30 Jun 2016

Held by ETFs

1 ETFs hold SMLMAH · sorted by weight

#ETFWeight %
1

AONETOTAL

AONEAMC - AONETOTAL

0.01%