5nance5nance
5nance5nance
HomeScreens
LOGINGET FREE ACCOUNT

SML Mahindra Ltd.

•
smlmahindra.comBSE: 505192NSE: SMLMAH
Market Cap₹ 9,538 Cr.
Current Price
High / Low₹ 6,654 / 2,719
Stock P/E61.0
Book Value₹ 403
Price to Book10.57
Dividend Yield0.36 %
ROCE31.2 %
ROE35.4 %
Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence
72%
View full sector analysis →

PROS

  • Company has a good return on equity (ROE) track record: 3 Years ROE 39.5%
  • Promoters have been increasing their shareholding - up 15.0pp over 2 years
  • Company has a healthy return on capital (ROCE) of 27.5%
  • Company has delivered good sales growth of 36.9% CAGR over last 5 years
  • Operating margins have improved to 9.7% from 4.6%

CONS

  • Recent results are weak - TTM profit is down 16.5% versus prior year
  • Valuation is stretched - P/E of 61.0 is well above its own 5-year median (25.6)
  • Stock is trading at 10.6x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsAutomobile & AncillariesAutomobiles-Trucks/Lcv
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.Name
1.TMCV434.3538.17159961.960.9225560.001729.63206670.001092.9731.5515.95
2.ASHOKLEY163.9527.7196301.852.13667.771.5313069.5912.1214.1018.49
3.FORCEMOT17705.0018.6423328.570.28216.5922.812440.016.2141.9313.63
4.OLECTRA1210.3055.999934.230.0526.662.44575.5165.7521.1212.29
5.SMLMAH6591.1060.989538.410.3663.62-4.99957.5413.2031.2110.45
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
632499386680746550332771846555539898958
585459364608665505313681741513498807873
Operating Profit473922718145189010542419084
OPM %7.40%7.86%5.65%10.48%10.84%8.15%5.52%11.72%12.41%7.55%7.62%10.07%8.78%
2012122222231
Interest57811867953673
Depreciation12121212121212121213131313
Profit before Tax322135062291719028247385
Tax %0.81%0.28%5.96%-3.81%25.13%23.59%29.33%25.57%25.23%25.57%25.43%25.34%25.40%
Net Profit322135246221536721185464
21.9714.571.8636.1432.0615.060.3636.6046.2714.5512.1137.4643.96

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
1,3561,1351,4091,1545919241,8222,1962,3992,8382,950
1,2461,0901,3351,1426609651,7402,0172,1642,5602,692
Operating Profit110457412-69-4182179235278257
OPM %8.11%3.99%5.28%1.03%-11.64%-4.46%4.48%8.15%9.78%9.81%8.73%
43455635687
Interest611161523222530302118
Depreciation2428384146444248485253
Profit before Tax84924-38-133-10017106162214210
Tax %25.12%10.16%19.55%45.04%-0.09%0.50%-14.82%-1.34%25.07%25.33%25.41%
Net Profit63820-21-133-10020108122160156
EPS0.000.000.000.00-92.24-68.9413.7174.5484.08110.39—
Dividend Payout %18.37%25.55%22.18%0.00%0.00%0.00%0.00%21.46%21.41%21.29%—

COMPOUNDED SALES GROWTH

10 Years:
9%
5 Years:
37%
3 Years:
16%

COMPOUNDED PROFIT GROWTH

10 Years:
12%
5 Years:
—
3 Years:
100%

STOCK PRICE CAGR

10 Years:
—
5 Years:
—
3 Years:
—
1 Year:
—

RETURN ON EQUITY

10 Years:
6%
5 Years:
16%
3 Years:
39%
Last Year:
35%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Jul 3

₹ 2.35

Rs.23.5000 per share(235%)Final Dividend

2025

Jul 9

₹ 1.80

Rs.18.0000 per share(180%)Final Dividend

2024

Sep 6

₹ 1.60

Rs.16.0000 per share(160%)Final Dividend

2018

Aug 1

₹ 0.15

Rs.1.5000 per share(15%)Dividend

2017

Sep 14

₹ 0.80

Rs.8.0000 per share(80%)Dividend

2016

Jul 28

₹ 0.80

Rs.8.0000 per share(80%)Dividend

2015

Aug 27

₹ 0.60

Rs.6.0000 per share(60%)Dividend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital14141414141414141414
389384399370241147163271368505
54203227150226261275407304250
Trade Payables191212272167183245292332370406
137174182142117134174169242222
Total Liabilities7859871,0958437818019191,1931,2991,397
215365380426389349356341321337
Capital Work in Progress78277325134223
295364424269260296422580578661
0000000169265270
Cash & Bank822303633146492021
19020925410997137134537385
Total Assets7859871,0958437818019191,1931,2991,397

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
145-2759150-46-2984-50177156
Cash from Investing-89-98-58-47-28-7-42-46-61-66
Cash from Financing-3414610-976017-55127-148-89
-21576-15-8-731-321

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
43.9643.9643.9643.9643.9658.9758.9758.9758.97
15.3215.3515.3215.2415.731.800.610.771.24
0.070.050.000.040.290.630.641.562.43
Government0.000.000.000.000.000.000.000.000.00
40.6540.6440.7140.7640.0138.6039.7838.7037.36

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09
Copy of Newspaper Publication

2026-09-09 - SML Mahindra Limited has informed the Exchange about Newspaper Advertisements- Special window for re-lodgement of transfer request of physical shares

2026-09-08
Monthly Business Updates

2026-09-08 - SML Mahindra Limited has informed the Exchange regarding Monthly Business Updates for the month of August 2026

2026-09-07
Shareholders meeting

2026-09-07 - SML Mahindra Limited has informed the Voting Results in respect of the Postal Ballot along with Srutinizers report.

2026-09-01
Monthly Business Updates

2026-09-01 - SML Mahindra Limited has informed the Exchange regarding Monthly Business Updates for the month of August 2026

2026-08-25
General Updates

2026-08-25 - SML Mahindra Limited has informed the Exchange about General Updates regarding Additional information to the shareholders - Dissemination of Business Valuation Report and Fairness Opinion referred to in the Postal Ballot Notice dated 7th August 2026

2026-08-08
Copy of Newspaper Publication

2026-08-08 - SML Mahindra Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-08
Monthly Business Updates

2026-08-08 - SML Mahindra Limited has informed the Exchange regarding Monthly Business Updates for the month of July 2026

2026-08-07
Shareholders meeting

2026-08-07 - SML Mahindra Limited has informed the Exchange regarding Notice of Postal Ballot dated 7th August, 2026

2026-08-01
Monthly Business Updates

2026-08-01 - SML Mahindra Limited has informed the Exchange regarding Monthly Business Updates - Sales Fig for the month of July 2026

News

Recent coverage and analyst commentary for SMLMAH

Loading news…

🤖

AI Stock Analyst

SML Mahindra Ltd.

🔒

Sign in to Chat with AI

Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.

✨ Sign In to Chat

Free 5nance Account

5nance5nance

Stock analysis and screening tool

5nanceAI © 2020-2026

Made with ❤️ in India.

Data provided by Accord Fintech

Terms & Privacy.

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nance5nance

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nanceAI © 2020-2026

Data provided by Accord Fintech

Made with ❤️ in India.

HomeScreens
Login