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SML Mahindra Ltd.

Automobile & AncillariesAutomobiles-Trucks/Lcv

smlmahindra.com BSE: 505192NSE: SMLMAH

₹5,967.65BSE3.53%

16 Sep, 4:01 PM

₹5,967.65

₹8.64K Cr

55.22

14.81

35.42%

₹6,200.00

₹5,948.50

₹6,652.00

₹2,700.15

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Price Performance

Peer Comparison

Name
TMCV TMCV	424.10	44.96	1,56,187.10	0.94	1,528.00	8.29%	19,329.00	23.26%	68.73
ASHOK LEYL. ASHOKLEY	156.80	25.72	92,102.04	2.23	609.11	2.59%	9,634.35	10.43%	36.62
FORCE MOTR FORCEMOT	17,315.00	18.43	22,814.70	0.29	212.07	14.50%	2,439.89	6.22%	41.12
OLECTRA OLECTRA	1,166.35	55.23	9,573.49	0.05	23.19	3.59%	566.64	67.85%	20.90
SML Mahindra Ltd. SMLMAH	5,967.65	55.22	8,636.17	0.39	63.62	-4.99%	957.54	13.20%	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
	746.01	549.71	331.80	771.38	845.89	555.11	539.27	897.65	957.54
Expenses	665.12	504.91	313.47	680.94	740.88	513.19	498.18	807.27	857.44
	80.89	44.80	18.33	90.44	105.01	41.92	41.09	90.38	100.10
	10.84%	8.15%	5.52%	11.72%	12.41%	7.55%	7.62%	10.07%	10.45%
	1.25	1.55	1.63	1.72	2.06	2.12	1.56	2.58	1.19
Interest	8.10	5.75	7.10	8.93	5.09	2.87	5.79	6.99	2.74
	12.08	12.07	12.11	12.09	12.43	12.89	13.34	13.37	13.27
	61.96	28.53	0.75	71.14	89.55	28.28	23.52	72.60	85.28
	25.13%	23.59%	29.33%	25.57%	25.23%	25.57%	25.43%	25.34%	25.40%
	46.39	21.80	0.53	52.95	66.96	21.05	17.54	54.20	63.62
	32.04	15.06	0.37	36.57	46.24	14.54	12.11	37.43	43.94

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
Net Block	348.95	355.90	340.50	321.04	337.11
Capital Work in Progress	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
Contingent Liabilities	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

55.22

14.81

31.66

2.93

108.08

402.82

Profitability

35.42

31.21

11.85

9.67

5.55

Leverage & Liquidity

0.54

1.25

11.31

Returns

0.39

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
	43.96	43.96	43.96	43.96	43.96	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
	40.65	40.64	40.71	40.76	40.01	38.60	39.78	38.70	37.36
	56.04	56.04	56.04	56.04	56.04	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

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
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
2026-04-20	AGM

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.