Sml Mahindra Ltd. (SMLMAH.NS)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in INR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | INR bn | 6 | 9 | 18 | 22 | 24 | 28 | 29 | 24 |
| Operating profit | INR bn | 2 | 2 | ||||||
| Net profit | INR bn | -1 | -1 | 0 | 1 | 1 | 2 | 2 | 1 |
| EPS reported | INR | 110.4 | 108.1 | ||||||
| Operating cashflow per share | INR | 97.48 | 103.9 | ||||||
| Capex per share | INR | 48.60 | 50.67 | ||||||
| FCF per share | INR | 48.88 | 53.24 | ||||||
| Free cash flow | INR bn | 1 | 1 | ||||||
| Net debt | INR bn | 3 | 3 | ||||||
| Book value equity | INR bn | 5 | 5 | ||||||
| Book value per share | INR | 358.9 | 358.9 | ||||||
| Number of shares | m | 14.47 | 14.47 | ||||||
| DPS (TTM paid) | INR | 18.00 | 23.50 |
Financial summary
Financials in INR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 34.25 | 58.28 | ||||||
| P/B LTM | x | 8.45 | 8.45 | ||||||
| P/S LTM | x | 1.55 | 1.49 | ||||||
| P/FCF LTM | x | 62.02 | 56.93 | ||||||
| EV/EBITDA LTM | x | 17.33 | 17.00 | ||||||
| EV/Sales LTM | x | 2.03 | 2.66 | ||||||
| Earnings Yield LTM | % | +2.92% | +1.72% | ||||||
| FCF Yield | % | +1.61% | +1.76% | ||||||
| Quality | |||||||||
| ROE | % | +30.76% | +34.87% | ||||||
| ROIC | % | +18.67% | +18.73% | ||||||
| Operating margin | % | +7.76% | +7.48% | ||||||
| Gross margin | % | +12.65% | +15.68% | ||||||
| FCF/Sales | % | +2.50% | +2.61% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +31.29% | +28.53% | ||||||
| Sales Growth YoY | % | +18.76% | +23.80% | ||||||
| Net Income Growth YoY | % | +31.29% | +28.55% | ||||||
| FCF Growth | % | -38.76% | -33.29% | ||||||
| Operating Profit Growth | % | +17.54% | +18.02% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +0.47% | +0.45% | ||||||
| Dividend Growth | % | +12.50% | +46.88% | ||||||
| Payout Ratio | % | +16.17% | +16.17% | ||||||
| FCF/Debt | x | 0.24 | 0.27 | ||||||
| Net Debt/EBITDA | x | 1.00 | 0.98 | ||||||
| EBIT/Net interest | x | 11.25 | 12.00 | ||||||
| Net debt/market cap | % | +5.16% | +3.73% | ||||||
| Net debt/Equity | x | 0.50 | 0.52 | ||||||
| Gross debt/equity | x | 0.56 | 0.56 | ||||||
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
SML Mahindra Limited is an enterprise primarily engaged in the global manufacturing and distribution of commercial vehicles and their associated components, serving markets both within India and internationally. Its extensive product range includes various types of transport solutions such as trucks, buses, and specialized vehicles designed for cargo, passenger conveyance, and particular applications. The company makes these products accessible to customers through its established network of distributors and dealers. Founded in 1983, the firm's main operational base is located in Chandigarh, India. It was historically known as SML Isuzu Limited, adopting its current name, SML Mahindra Limited, in October 2025. This rebranding followed its integration into Mahindra & Mahindra Limited, under which it began operating as a subsidiary on August 1, 2025 (while still known as SML Isuzu Limited).
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.

Sml Mahindra Ltd. (SMLMAH.NS)
No price history available.
Not enough data to calculate KvantraRank
Based on consensus from external analysts. Not Kvantra's opinion.
SML Mahindra Limited is an enterprise primarily engaged in the global manufacturing and distribution of commercial vehicles and their associated components, serving markets both within India and internationally. Its extensive product range includes various types of transport solutions such as trucks, buses, and specialized vehicles designed for cargo, passenger conveyance, and particular applications. The company makes these products accessible to customers through its established network of distributors and dealers. Founded in 1983, the firm's main operational base is located in Chandigarh, India. It was historically known as SML Isuzu Limited, adopting its current name, SML Mahindra Limited, in October 2025. This rebranding followed its integration into Mahindra & Mahindra Limited, under which it began operating as a subsidiary on August 1, 2025 (while still known as SML Isuzu Limited).
Unlock all fundamental data
Sign up for FreeUnlock all fundamental data
Sign up for Free