SML Mahindra Limited
SML Mahindra Limited manufactures and sells commercial vehicles and related parts in India and internationally. The company's products include trucks and buses. It provides special application, cargo, and passenger vehicles. It offers its products through distributors and dealers. The company 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 Isuzu Limited operates as a subsidiary of Mahindra & Mahindra Limited.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Healthy return on equity of 37.9%
Concerns1
- Negative free cash flow (βΉ32 Cr)
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ2.40 K Cr | β | βΉ122.00 Cr | β | β | 31.9% | 9.2% | 13.0% |
| Mar 2024 | βΉ2.20 K Cr | β | βΉ108.00 Cr | β | β | 37.9% | 20.5% | 440.0% |
| Mar 2023 | βΉ1.82 K Cr | β | βΉ20.00 Cr | β | β | 11.3% | 97.2% | -120.0% |
| Mar 2022 | βΉ924.00 Cr | β | βΉ-100.00 | β | β | -62.1% | 56.3% | -24.8% |
| Mar 2021 | βΉ591.00 Cr | β | βΉ-133.00 | β | β | -52.2% | -48.8% | 533.3% |
| Mar 2020 | βΉ1.15 K Cr | β | βΉ-21.00 | β | β | -5.5% | -18.1% | -205.0% |
| Mar 2019 | βΉ1.41 K Cr | β | βΉ20.00 Cr | β | β | 4.8% | 24.1% | 150.0% |
| Mar 2018 | βΉ1.14 K Cr | β | βΉ8.00 Cr | β | β | 2.0% | -16.3% | -87.3% |
| Mar 2017 | βΉ1.36 K Cr | β | βΉ63.00 Cr | β | β | 15.6% | 16.3% | 23.5% |
| Mar 2016 | βΉ1.17 K Cr | β | βΉ51.00 Cr | β | β | 15.0% | 5.4% | 37.8% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 2,504 |
| Total Expenses | 2,248 |
| EBIT / Operating Profit | 255 |
| OPM % | 10% |
| Other Income | 8 |
| Finance Costs | 24 |
| Depreciation & Amortisation | 50 |
| Profit Before Tax | 190 |
| Tax % | - |
| Net Profit / PAT | 141 |
| EPS (βΉ) | 97.78 |
| Dividend Payout % | - |
Peer Comparison
Industrials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| SML Mahindra Limitedthis co. | βΉ6.14 K Cr | βΉ2.40 K Cr | 43.40 | 13.83 | 34.72 | 9.2% |
| Larsen & Toubro Limited | βΉ5.35 L Cr | βΉ1.43 L Cr | 52.20 | 7.87 | 34.29 | 12.9% |
| Adani Ports and Special Economic Zone Ltd | βΉ3.29 L Cr | βΉ7.91 K Cr | 159.00 | 10.36 | 62.82 | 16.2% |
| Solar Industries India Limited | βΉ1.15 L Cr | βΉ4.46 K Cr | 121.00 | 32.81 | 128.61 | 19.9% |
| Polycab India Limited | βΉ1.14 L Cr | βΉ21.91 K Cr | 46.90 | 10.84 | 42.32 | 21.4% |
| Cummins India Ltd. | βΉ1.10 L Cr | βΉ10.34 K Cr | 49.50 | 15.01 | 47.01 | 15.4% |
| Ashok Leyland Ltd. | βΉ1.09 L Cr | βΉ38.75 K Cr | 32.00 | 9.49 | 22.91 | 1.0% |
| Industry Average | β | βΉ5.40 K Cr | 57.83 | 7.16 | 40.88 | 45.0% |