IPO Plus

₹5,259.5

▲ +240.89 +4.80%

As of 06 Nov 2026 · delayed

NSE Listed

SML Mahindra Limited (SMLMAH)

Volume: 1,15,438Avg Vol 1W: 60,110.8Avg Vol 1M: 78,172.952W Range:₹2,749₹6,898.5
NSE BSE smlmahindra.com AI Report
Key Ratios
Checked 9h ago
Market Cap₹7,611 Cr
Current Price₹5,259.5
Previous Close₹5,018.61
High / Low (52w)₹6,898.5 / ₹2,749
Volume1,15,438
Avg Vol (1W)60,110.8
Avg Vol (1M)78,172.9
Stock P/E51.75
Book Value₹386.94
Dividend Yield47%
ROE26.26%
ROA12.61%
Revenue (TTM)₹2,846 Cr
Revenue Growth—
Profit Margin479.9%
Total Debt—
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹101.63
P/B13.59
Debt / Equity0.68
50 DMA₹5,806.93
200 DMA₹4,602.79
Day change+4.80%
Price Chart
₹5,259.5▲ 67.76% · 1Y
₹6826₹276518.0L
2025-11-06
2026-11-06

20-day avg volume: 78K shares

Pros
  • Healthy return on equity of 26.3%.
  • Pays a dividend yield of 47.0%.
  • Company is almost debt-free.
  • Revenue grew 22% YoY.
Cons
  • Stock trades at a high P/E of 52.
Quarterly Results
MetricDec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Revenue₹332 Cr₹771 Cr₹846 Cr₹555 Cr₹539 Cr₹898 Cr₹958 Cr₹670 Cr
EBITDA₹8 Cr₹80 Cr₹95 Cr₹31 Cr₹29 Cr₹80 Cr₹88 Cr₹17 Cr
Net Profit₹1 Cr₹53 Cr₹67 Cr₹21 Cr₹18 Cr₹54 Cr₹64 Cr₹12 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹1,414 Cr₹1,159 Cr₹596 Cr₹930 Cr₹1,825 Cr₹2,201 Cr₹2,405 Cr₹2,846 Cr
EBITDA₹40 Cr₹-24 Cr₹-110 Cr₹-79 Cr₹42 Cr₹137 Cr₹192 Cr₹235 Cr
Net Profit₹20 Cr₹-21 Cr₹-133 Cr₹-100 Cr₹20 Cr₹108 Cr₹122 Cr₹160 Cr
EPS13.53-14.55-92.24-68.9413.7174.5484.08110.39
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹1,095 Cr₹859 Cr₹796 Cr₹816 Cr₹937 Cr₹1,213 Cr₹1,299 Cr₹1,397 Cr
Total Liabilities₹681 Cr₹474 Cr₹541 Cr₹654 Cr₹759 Cr₹927 Cr₹917 Cr₹877 Cr
Equity₹414 Cr₹385 Cr₹256 Cr₹161 Cr₹178 Cr₹286 Cr₹383 Cr₹519 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-46 Cr₹-29 Cr₹84 Cr₹-48 Cr₹178 Cr₹209 Cr
Investing₹-28 Cr₹-7 Cr₹-42 Cr₹-46 Cr₹-61 Cr₹-66 Cr
Financing₹60 Cr₹17 Cr₹-55 Cr₹127 Cr₹-148 Cr₹-89 Cr
Free Cash Flow₹-46 Cr₹-29 Cr₹84 Cr₹-48 Cr₹178 Cr₹209 Cr
Shareholding
Promoter 58.97% Institutions 6.4% Public 34.63%
About SML Mahindra Limited

Automobile · Automobiles - LCVs / HCVs

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.

smlmahindra.com ↗
Efficiency & Working Capital
ROCE34.7%
Interest Coverage11.3
Dividend Payout—
Debtor Days35 d
Inventory Days85 d
Payable Days52 d
Cash Conversion Cycle68 d
Working Capital Days120 d
Shareholding Details

As of 2026-09-30

Promoter59%
FII3.7%
DII2.7%
Institutions6.4%
Public34.6%
Promoter Pledge0%
No. of Shareholders38,449
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters44%44%44%44%44%44%44%59%59%59%59%59%
FIIs15.4%15.8%15.3%15.3%15.3%15.2%15.7%1.8%0.6%0.8%1.2%3.7%
DIIs0%0%0.1%0%0%0%0.3%0.6%0.6%1.6%2.4%2.7%
Public40.6%40.2%40.6%40.6%40.7%40.8%40%38.6%39.8%38.7%37.4%34.6%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders25,02325,44727,36729,46529,44529,91528,71637,37336,71839,06841,45738,449
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Mahindra & Mahindra LimitedShareholding of Promoter and Promoter Group59%85,33,726
Sachin Bansal (partner Of Spv Enterprises)Public Shareholding4%5,85,000
Sachin Bansal (partner Of Anandam Enterprises)Public Shareholding3.1%4,45,000
Vanaja Sundar IyerPublic Shareholding2.3%3,25,554
Sachin Bansal (partner Of Navodaya Enterprises)Public Shareholding1.7%2,50,000
Lic Mf Aggressive Hybrid FundPublic Shareholding1.4%2,05,879
Mahindra Steel Service Centre LimitedShareholding of Promoter and Promoter Group0%0
Mahindra First Choice Wheels LimitedShareholding of Promoter and Promoter Group0%0
Gromax Agri Equipment Limited (formerly Known As Mahindra Gujarat Tractor Limited)Shareholding of Promoter and Promoter Group0%0
Mahindra Agri Solutions Limited (formerly Known As Mahindra Shubhlabh Services Limited)Shareholding of Promoter and Promoter Group0%0
Mahindra Accelo Limited (formerly Known As Mahindra Intertrade Limited)Shareholding of Promoter and Promoter Group0%0
Mahindra Holidays & Resorts India LimitedShareholding of Promoter and Promoter Group0%0
Mahindra Hotels And Residences India LimitedShareholding of Promoter and Promoter Group0%0
Mahindra Holdings LimitedShareholding of Promoter and Promoter Group0%0
Nbs International LimitedShareholding of Promoter and Promoter Group0%0
Mahindra & Mahindra Financial Services LimitedShareholding of Promoter and Promoter Group0%0
Mahindra Insurance Brokers LimitedShareholding of Promoter and Promoter Group0%0
Mahindra Rural Housing Finance LimitedShareholding of Promoter and Promoter Group0%0
Bristlecone India Private Limited (formerly Know As Bristlecone India Limited, Name Changed W.e.f. 2Shareholding of Promoter and Promoter Group0%0
Mahindra Lifespace Developers LimitedShareholding of Promoter and Promoter Group0%0
Mahindra Infrastructure Developers LimitedShareholding of Promoter and Promoter Group0%0
Mahindra World City (jaipur) LimitedShareholding of Promoter and Promoter Group0%0
Mahindra World City Developers LimitedShareholding of Promoter and Promoter Group0%0
Mahindra World City (maharashtra) LimitedShareholding of Promoter and Promoter Group0%0
Knowledge Township LimitedShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
VINOD KUMAR SAHAYChairman / Executive Director / WTD2026
C S VermaIndependent Non Exe. Director2026
V RaviIndependent Non Exe. Director2026
Arun MalhotraIndependent Non Exe. Director2026
SMITA MANKADIndependent Non Exe. Director2026
Mahima ChughNon-Exec & Non-Independent Dir2026
Parvesh MadanCS / Compliance Officer / General Manager2026
Segments — Product
SegmentRevenueShare
Manufacturing of commercial vehicle₹0 Cr—
Segments — Geography
RegionRevenueShare
Domestic₹2,705 Cr95.3%
Overseas₹133 Cr4.7%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10401414
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-20Board Meetings—
dividend2026-07-03₹23.5 (235.0%)Final
dividend2026-07-03₹23.5 (235%)Final
dividend2025-07-09₹18 (180%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20260006023
20260006023
20260006023
Insider / Designated-Person Trades

1 recent disclosure(s)

Mahindra & Mahindra Limited RevisedAcquisition · 673
Substantial Acquisitions (SAST)

3 disclosure(s)

Market20/05/2026 · 9,923
Market17/02/2026 · 29,133
Market22/12/2025 · 9,751
Company Information
Incorporated1983
ChairmanVINOD KUMAR SAHAY
AuditorB S R & Co LLP/Walker Chandiok & Co LLP
Investor Email[email protected]
🌐 www.smlisuzu.com ↗

📍 Village Asron, Shahid Bhagat Singh Nagar(DT), Nawanshahar, Punjab, 144533

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