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SML Mahindra Ltd.

4,717.95−128.60 (−2.65%)

BSE · 30 Oct, 4:01 PM

: ₹6,827.65 Cr
: 46.43
: 1,486
: ₹4,925.00 - ₹4,679.90
: ₹6,908.80 - ₹2,733.05

SML Mahindra Ltd. (SMLMAH) share price closed at ₹4,717.95 on the BSE on Friday, October 30, 2026, down by 2.65% from its of ₹4,846.55. In that session SMLMAH reached a of 4,925.00 and of 4,679.90. The for the session was 4,791.92. The stands at 5,830.04 and is at 4,580.14. Looking at , the stock ended the session in Downtrend.

Stock Overview

₹4,870.75

₹4,846.55

₹4,791.92

₹5,830.04

Price 19.08% below

₹4,580.14

Price 3.01% above

Key Fundamentals

: 6,827.65 Cr₹6.83 Thousand Crore
: 101.62
: 46.43
: 12.19
: 386.90
: 267.01 Cr₹267.01 Crore
: 0.50 %
Sector
Industry: Automobiles-Trucks/Lcv
: 35.42
: 0.54

Industry Comparison

Ratio	Company	Sector
	46.43	27.66
	0.54	0.11
	12.19	3.47
	1.25	1.67
	0.50 %	0.50 %
Operating Margin	9.67 %	11.33 %

Sector figures are the median of 162 listed Automobile & Ancillaries companies.

Peer Comparison

Name
TMCV TMCV	396.25	22.00	1,45,932.19	1.01	2,138.00	309.40%	23,930.00	41.93%	68.73
ASHOK LEYL. ASHOKLEY	145.00	23.78	85,170.89	2.41	609.11	2.59%	9,634.35	10.43%	36.62
FORCE MOTR FORCEMOT	17,370.00	19.40	22,887.17	0.29	291.44	-16.61%	2,924.54	40.52%	41.12
OLECTRA OLECTRA	951.15	44.95	7,807.11	0.06	23.19	3.59%	566.64	67.85%	20.90
SML Mahindra Ltd. SMLMAH	4,717.95	46.43	6,827.65	0.50	11.70	-44.42%	669.79	20.66%	31.21

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	746.01	549.71	331.80	771.38	845.89	555.11	539.27	897.65	957.54	669.79
Expenses	665.12	504.91	313.47	680.94	740.88	513.19	498.18	807.27	857.44	641.28
	80.89	44.80	18.33	90.44	105.01	41.92	41.09	90.38	100.10	28.51
	10.84%	8.15%	5.52%	11.72%	12.41%	7.55%	7.62%	10.07%	10.45%	4.26%
	1.25	1.55	1.63	1.72	2.06	2.12	1.56	2.58	1.19	1.60
Interest	8.10	5.75	7.10	8.93	5.09	2.87	5.79	6.99	2.74	0.90
	12.08	12.07	12.11	12.09	12.43	12.89	13.34	13.37	13.27	13.36
	61.96	28.53	0.75	71.14	89.55	28.28	23.52	72.60	85.28	15.85
	25.13%	23.59%	29.33%	25.57%	25.23%	25.57%	25.43%	25.34%	25.40%	26.18%
	46.39	21.80	0.53	52.95	66.96	21.05	17.54	54.20	63.62	11.70
	32.04	15.06	0.37	36.57	46.24	14.54	12.11	37.43	43.94	8.08

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	941.23	1,861.02	2,228.95	2,433.09	2,879.64
	924.17	1,821.59	2,195.93	2,398.99	2,837.92
EXPENDITURE :
Increase/Decrease in Stock	-20.92	-109.12	-135.89	7.79	-72.20
Raw Material Consumed	778.37	1,570.31	1,833.21	1,814.33	2,239.20
Power & Fuel Cost	7.93	9.85	10.26	8.74	12.48
Employee Cost	132.78	172.45	195.69	206.26	227.58
Other Manufacturing Expenses	12.85	13.70	17.62	20.09	21.50
General and Administration Expenses	10.63	13.81	15.65	20.19	22.14
Selling and Distribution Expenses	39.04	63.91	73.36	79.52	99.79
Miscellaneous Expenses	4.69	5.04	7.12	7.52	9.02
	965.36	1,739.95	2,017.02	2,164.44	2,559.52
Operating Profit (Excl OI)	-41.19	81.64	178.91	234.56	278.40
	5.96	3.12	5.41	6.05	8.33
	-35.23	84.75	184.32	240.61	286.73
Interest	21.51	25.04	30.35	29.88	20.75
PBDT	-56.74	59.71	153.97	210.73	265.98
	43.53	42.43	47.52	48.35	52.03
Profit Before Taxation & Exceptional Items	-100.27	17.28	106.45	162.38	213.95
	-100.27	17.28	106.45	162.38	213.95
Provision for Tax	-0.51	-2.56	-1.43	40.70	54.20
	-99.76	19.84	107.88	121.67	159.75
Extra items				0.00	0.00
Consolidated Net Profit	-99.76	19.84	107.88	121.67	159.75
Profit Balance B/F	64.73	-30.10	-13.09	94.56	191.63
Appropriations	-35.03	-10.26	94.79	216.23	351.38
Equity Dividend %			160.00%	180.00%	235.00%
	-68.93	13.71	74.54	84.08	110.39
Adjusted EPS	-68.93	13.71	74.54	84.08	110.39

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	14.48	14.48	14.48	14.48	14.48
Total Reserves	147.01	163.47	271.11	368.18	504.86
Reserve excluding Revaluation Reserve	147.01	163.47	271.11	368.18	504.86
Revaluation reserve	0.00
	161.49	177.95	285.59	382.66	519.34
Secured Loans		7.49	38.42	62.55	10.65
Unsecured Loans	9.03	9.03	1.94
Deferred Tax Assets / Liabilities	-15.06	-17.50	-19.08	17.82	20.52
Other Long Term Liabilities	17.50	17.06	16.75	16.66	23.16
Long Term Provisions	34.42	40.07	50.28	48.01	33.40
Total Non-Current Liabilities	45.90	56.16	88.29	145.05	87.73
Trade Payables	244.75	291.61	331.88	370.13	405.55
Other Current Liabilities	104.44	153.33	105.16	141.13	127.15
Short Term Borrowings	234.42	223.98	350.01	225.04	216.27
Short Term Provisions	9.78	16.04	32.51	35.40	40.75
Total Current Liabilities	593.39	684.96	819.56	771.70	789.71
Total Liabilities	800.77	919.07	1,193.44	1,299.41	1,396.78
Gross Block	563.50	609.99	638.07	659.26	716.50
Less: Accumulated Depreciation	214.55	254.10	297.57	338.22	379.39
	348.95	355.90	340.50	321.04	337.11
	4.75	0.94	2.57	42.29	23.30
Long Term Investment	0.00
Long Term Loans & Advances	13.52	10.68	15.33	12.84	21.53
Other Non Current Assets	1.41	3.15	2.42	2.76	2.52
Total Non-Current Assets	380.28	380.90	368.83	396.12	408.06
Inventories	295.99	421.89	579.73	577.99	660.67
Sundry Debtors	78.92	75.75	168.97	265.25	270.21
Cash and Bank	13.63	5.84	48.69	19.84	20.70
Other Current Assets	9.00	3.36	4.82	6.49	7.27
Short Term Loans and Advances	22.95	31.32	22.39	33.72	29.87
Total Current Assets	420.49	538.16	824.61	903.29	988.72
Net Current Assets (Including Current Investments)	-172.90	-146.80	5.05	131.59	199.01
Total Assets	800.77	919.07	1,193.44	1,299.41	1,396.78
	39.19	27.35	31.87	26.06	27.84
Total Debt	290.57	258.11	415.66	321.78	280.15
	111.58	122.96	197.34	264.42	358.86
Adjusted Book Value	111.58	122.96	197.34	264.42	358.86

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	-100.27	17.28	106.45	162.38	213.95
Adjustment	58.32	63.50	77.97	75.44	75.90
Changes In working Capital	12.77	3.13	-232.73	-59.87	-80.59
Cash Flow after changes in Working Capital	-29.17	83.91	-48.31	177.95	209.26
Cash Flow from Operating Activities	-18.61	90.06	-49.68	177.48	156.19
Cash Flow from Investing Activities	-6.96	-42.09	-45.80	-60.94	-65.83
Cash Flow from Financing Activitie	17.42	-55.16	126.81	-148.26	-88.96
Net Cash Inflow / Outflow	-8.15	-7.18	31.33	-31.72	1.41
Opening Cash & Cash Equivalents	18.83	10.67	3.49	34.82	3.10
Closing Cash & Cash Equivalent	10.67	3.49	34.82	3.10	4.51

Ratios

Valuation

46.43

12.19

25.61

2.23

101.62

386.90

Profitability

35.42

31.21

11.85

9.67

5.55

Leverage & Liquidity

0.54

1.25

11.31

Returns

0.50

2.14

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	43.96	43.96	43.96	43.96	43.96	58.97	58.97	58.97	58.97	58.97
	15.39	15.40	15.32	15.28	16.02	2.43	1.25	2.33	3.67	6.40
	40.65	40.64	40.71	40.76	40.01	38.60	39.78	38.70	37.36	34.63
	56.04	56.04	56.04	56.04	56.04	41.03	41.03	41.03	41.03	41.03
No. of Shareholders	27,367	29,465	29,445	29,915	28,716	37,373	36,718	39,068	41,457	38,449

Mutual Funds Invested(15)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 8 active funds hold 1.54% in SML Mahindra Ltd., contributing to ₹147 Cr of holdings

Fund				As of
LI LIC MF ELSS Tax Saver Fund - Growth - Direct PlanEquity - ELSS - Tax Saver Fund	38.97	4.01	59,236	Sep '26
LI LIC MF Multi Asset Allocation Fund - Growth - Direct PlanHybrid - Multi Asset Allocation	29.96	3.10	45,546	Sep '26
LI LIC MF Manufacturing Fund - Growth - Direct PlanEquity - Thematic Fund - Other	25.87	3.36	39,325	Sep '26
LI LIC MF Small Cap Fund - Growth - Direct PlanSmall cap Fund	19.54	2.32	29,703	Sep '26
JM JM Value Fund - Growth - Direct PlanEquity - Value Fund	10.52	1.35	16,000	Sep '26
LI LIC MF Value Fund - Growth - Direct PlanEquity - Value Fund	10.29	3.06	15,642	Sep '26
MO Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct PlanIndex Funds - Other	10.10	0.42	15,360	Sep '26
LI LIC MF Aggressive Hybrid Fund - Growth - Direct PlanHybrid - Aggressive Hybrid Fund	7.71	1.37	11,727	Sep '26
JM JM ELSS - Tax Saver Fund - Growth - Direct PlanEquity - ELSS - Tax Saver Fund	3.95	1.65	6,000	Sep '26
IN Groww Nifty Total Market Index Fund - Growth - Direct PlanIndex Funds - Other	0.07	0.02	100	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-09-29	Board Meeting	Quarterly Results
2026-06-30	Board Meeting	Quarterly Results
2026-04-20	Ex Dividend	Rs.23.5000 per share(235%)Final Dividend	2026-07-03	2026-07-03

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Automobile & AncillariesAutomobiles-Trucks/Lcv

SML Mahindra Ltd. operates in the Automobile & Ancillaries sector under the Automobiles-Trucks/Lcv industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

7 members across the board and senior leadership

Vinod Kumar Sahay

Chairman & CEO

₹80.00 L

Mar '26

Chandra Shekhar Verma

Non Executive Independent Director

—

Ravi Venkatraman

Non Executive Independent Director

—

Arun Kumar Malhotra

Non Executive Independent Director

—

Smita Mankad

Non Executive Independent Director

—

Mahima Chugh

Non Independent & Non Executive Director

—

Parvesh Madan

Company Secretary & Compliance Officer

—

SMLMAH Latest News

News

10 of 10 articles

EQUITY7 Oct 2026 · 17:36

SML Mahindra informs about certificate

EQUITY1 Oct 2026 · 14:07

SML Mahindra falls despite reporting 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

EQUITY1 Oct 2026 · 12:13

SML Mahindra informs about monthly updates

COMPANY1 Oct 2026 · 10:21

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

EQUITY1 Sept 2026 · 10:35

SML Mahindra informs about monthly business updates

EQUITY1 Sept 2026 · 10:11

SML Mahindra climbs on reporting 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

COMPANY1 Sept 2026 · 09:58

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

EQUITY21 Jul 2026 · 15:24

SML Mahindra informs about AGM

EQUITY21 Jul 2026 · 11:37

SML Mahindra gains despite reporting 5% fall in Q1 net profit

The total income of the company increased by 13.06% to Rs 958.73 crore for Q1FY27

COMPANY21 Jul 2026 · 11:30

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 Ltd.

Stock Overview

Price chart

Peer Comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Valuation

Profitability

Leverage & Liquidity

Returns

Shareholding Pattern

Mutual Funds Invested(15)

Corporate Actions

Insider Trading

Sector Overview

Company Profile

Key Management

SMLMAH Latest News

News