SMLMAH · NSE
SML Mahindra Limited
₹6,292.5
+1.16% (+₹72)
Prev. close
₹6,220.5
Volume
53,178
Delivery %
44.3%
As of
18 Sept 2026
Price history
No analyst calls on this stock in the last 90 days yet.
Explore by date range →Analyst opinions
Fundamentals
About SML Mahindra Limited
SML Mahindra Limited manufactures and sells commercial vehicles and related parts in India and internationally. Its products include trucks, buses, and special application vehicles. The company serves fleet owners, educational institutions, offices, transporters, Government agencies, and other domestic and international market through distributors and dealers. SML Mahindra Limited was formerly known as SML Isuzu Limited and changed its name to SML Mahindra Limited in October 2025. SML Mahindra Limited was incorporated in 1983 and is based in Mohali, India. As of August 1, 2025, SML Mahindra Limited operates as a subsidiary of Mahindra & Mahindra Limited.
Details
Sector
Consumer Cyclical
Industry
Auto Manufacturers
CEO
Mr. Vinod Kumar Sahay
Headquarters
Mohali
Employees
1,063
Website
smlmahindra.comExchange
View on NSE ↗Key stats
Market cap
₹9,167.06 Cr
P/E ratio (TTM)
56.3
Dividend yield
0.39%
EPS (TTM)
₹112.59
Beta (1Y · daily vs NIFTY 50)
1.58
Beta (5Y · monthly vs NIFTY 50)
0.88
Shares float
27.33 L
EPS · quarter ended Jun 2026
₹43.96
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (standalone), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.7% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹591.48 Cr | ₹924.17 Cr | ₹1,821.59 Cr | ₹2,195.93 Cr | ₹2,398.99 Cr | ₹2,837.92 Cr | |
| EBITDA | ₹-63.86 Cr | ₹-35.24 Cr | ₹80.87 Cr | ₹184.32 Cr | ₹240.61 Cr | ₹286.72 Cr |
| ₹-133.49 Cr | ₹-99.76 Cr | ₹19.83 Cr | ₹107.88 Cr | ₹121.67 Cr | ₹159.75 Cr | |
| Diluted EPS | ₹-92.24 | ₹-68.94 | ₹13.71 | ₹74.54 | ₹84.08 | ₹110.39 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹796.24 Cr | ₹815.83 Cr | ₹936.56 Cr | ₹1,212.52 Cr | ₹1,299.41 Cr | ₹1,396.78 Cr | |
| — | ₹297.77 Cr | ₹264.51 Cr | ₹421.27 Cr | ₹327.05 Cr | ₹289.11 Cr | |
| Stockholders' equity | ₹255.57 Cr | ₹161.49 Cr | ₹177.95 Cr | ₹285.59 Cr | ₹382.66 Cr | ₹519.34 Cr |
Fixed assets, Others, Total debt, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹-46.66 Cr | ₹-18.61 Cr | ₹90.06 Cr | ₹-49.68 Cr | ₹177.48 Cr | ₹156.19 Cr | |
| Investing cash flow | ₹-28.21 Cr | ₹-6.95 Cr | ₹-42.08 Cr | ₹-45.80 Cr | ₹-60.94 Cr | ₹-65.83 Cr |
| ₹60.29 Cr | ₹17.42 Cr | ₹-55.16 Cr | ₹126.81 Cr | ₹-148.26 Cr | ₹-88.95 Cr | |
| Capital expenditure | ₹-19.49 Cr | ₹-19.02 Cr | ₹-41.30 Cr | ₹-42.43 Cr | ₹-61.98 Cr | ₹-70.33 Cr |
| End cash position | ₹19.25 Cr | ₹10.67 Cr | ₹3.49 Cr | ₹34.82 Cr | ₹3.10 Cr | ₹4.51 Cr |
Debt issued, Debt repaid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Jun 25(16Q) | Sep 25–Jun 26(4Q) |
|---|---|---|
| Promoter | 43.96% | 58.97% |
| Public | 56.04% | 41.03% |
| Employee trusts | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Consumer Cyclical
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Titan Company Limited | ₹4.36 L Cr | ₹4,841 | 75.4 | 27.74 | 32.3% | 1.95 | +44.8% | +37.4% |
| Maruti Suzuki India Limited | ₹3.88 L Cr | ₹12,103 | 27.0 | 3.62 | 13.7% | 0.00 | +20.1% | -23.5% |
| Mahindra & Mahindra Limited | ₹3.69 L Cr | ₹3,076.5 | 18.7 | 3.96 | 18.4% | 1.44 | +24.1% | -15.3% |
| Bajaj Auto Limited | ₹3.18 L Cr | ₹11,500 | 27.6 | 8.20 | 27.7% | 0.58 | +22.6% | +26.6% |
| ETERNAL LIMITED | ₹2.97 L Cr | ₹326.85 | 671.6 | 9.58 | 1.2% | 0.15 | +168.6% | -3.3% |
| Eicher Motors Limited | ₹2.06 L Cr | ₹7,516 | 35.7 | 8.20 | 22.0% | 0.02 | +23.9% | +8.5% |
| TVS Motor Company Limited | ₹1.95 L Cr | ₹4,171.3 | 55.9 | 20.38 | 31.6% | 3.43 | +29.2% | +17.6% |
| Hyundai Motor India Limited | ₹1.74 L Cr | ₹2,155 | 35.7 | 8.69 | 27.1% | 0.05 | +2.1% | -17.2% |
| Samvardhana Motherson International Limited | ₹1.70 L Cr | ₹162.57 | 38.9 | 4.16 | 9.4% | 0.47 | +11.1% | +49.2% |
| Tata Motors Limited | ₹1.63 L Cr | ₹442.9 | 37.9 | 12.81 | 23.8% | 0.44 | +44.3% | — |
| Trent Limited | ₹1.49 L Cr | ₹2,824 | 82.0 | 21.29 | 24.6% | 0.37 | +17.6% | -45.1% |
| SML Mahindra Limited | ₹9,167.06 Cr | ₹6,292.5 | 56.3 | 17.65 | 30.8% | 0.56 | +18.3% | — |
Ranked by market cap within Consumer Cyclical, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 29
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
8 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
SML Mahindra plans aggressive expansion post Mahindra and Mahindra commercial vehicles operations integration
SML Mahindra plans aggressive expansion after integrating Mahindra and Mahindra's commercial vehicle operations. The company aims to increase its market share from 7% to 10-12% in four years, expanding into new categories like medium trucks and electric buses. This strategy includes ramping up production, increasing dealerships, and developing new technologies.
Auto sector stocks today, September 17: SML Mahindra gains 1.97%, Hyundai Motor India rises 1.77%, TVS Motor up 1.37%
SML Mahindra shares rose 1.97% to ₹6,085 on Thursday, as auto sector stocks generally traded higher. Landmark Cars led the gains, advancing 3.54%. The overall auto index increased by 0.76%, despite the Sensex trading marginally lower.