SML Mahindra Limited

Capital Goods · Agricultural, Commercial & Construction Vehicles

NSE: SMLMAH BSE: 505192

₹6354.00

Oct. 5, 2026 · NSE · nse_bhavcopy

Peers in Agricultural, Commercial & Construction Vehicles

The largest companies in the same industry by market cap. This company ranks #6 of 14. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Tata Motors Limited	157,169	45.3	—	—	0.94%	68	0	29
Ashok Leyland Limited	89,635	25.0	20.1%	10.8%	2.29%	54	31	12
Escorts Kubota Limited	31,560	22.2	19.4%	-20.3%	1.81%	75	66	10
BEML Limited	16,411	68.7	4.8%	-54.8%	—	71	3	50
Action Construction Equipment Limited	14,617	32.7	20.6%	12.4%	0.16%	84	3	88
SML Mahindra Limited (this stock)	9,195	58.8	30.8%	100.1%	0.37%	75	0	53
Ajax Engineering Limited	6,799	29.8	16.2%	-7.4%	—	65	23	85
V.S.T Tillers Tractors Limited	3,665	33.2	9.6%	-24.3%	—	62	26	68

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹9,471 Cr

EV / EBITDA

33.7x

EV / Sales

3.21x

Market cap / Sales

3.12x

Earnings yield

1.70%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 959 Cr, up 13.1% YoY.

↓ Negative

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 64 Cr, down 5.0% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	958	85	64	₹43.9600
March 31, 2026	898	73	54	₹37.4600
Dec. 31, 2025	539	24	18	₹12.1100
Sept. 30, 2025	555	28	21	₹14.5500
June 30, 2025	846	90	67	₹46.2700
March 31, 2025	771	71	53	₹36.6000
Dec. 31, 2024	332	1	1	₹0.3600
Sept. 30, 2024	550	29	22	₹15.0600
June 30, 2024	746	62	46	₹32.0600
March 31, 2024	680	50	52	₹36.1400
Dec. 31, 2023	386	3	3	₹1.8600
Sept. 30, 2023	499	21	21	₹14.5700
June 30, 2023	632	32	32	₹21.9700

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	959	900	541	557	848	773	333	551	747	682	387	499	634
Operating revenue	958	898	539	555	846	771	332	550	746	680	386	499	632
Other income	1	3	2	2	2	2	2	2	1	2	1	0	2
Operating expenses	857	807	498	513	741	681	313	505	665	608	364	459	585
Operating profit	100	90	41	42	105	90	18	45	81	71	22	39	47
Operating profit margin	10.5%	10.1%	7.6%	7.6%	12.4%	11.7%	5.5%	8.1%	10.9%	10.5%	5.6%	7.9%	7.4%
Depreciation	13	13	13	13	12	12	12	12	12	12	12	12	12
Interest	3	7	6	3	5	9	7	6	8	11	8	7	5
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	85	73	24	28	90	71	1	29	62	50	3	21	32
Tax	22	18	6	7	23	18	0	7	16	-2	0	0	0
Net profit	64	54	18	21	67	53	1	22	46	52	3	21	32
EPS	43.96	37.46	12.11	14.55	46.27	36.60	0.36	15.06	32.06	36.14	1.86	14.57	21.97
Net profit (TTM)	156	160	158	141	142	122	121	123	122	108	82	80	49
EPS (TTM)	108.08	110.39	109.53	97.78	98.29	84.08	83.62	85.12	84.63	74.54	56.92	54.97	34.06

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	2,838	214	160
March 31, 2025	2,399	162	122
March 31, 2024	2,196	106	108
March 31, 2023	1,822	17	20

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	16.0%	36.7%	2,846^†	2,405^†	2,201^†	1,825^†	930^†	596^†	1,159^†	1,414^†	1,177^†	1,373^†
Operating revenue	15.9%	36.8%	2,838	2,399	2,196	1,822	925^†	591^†	1,154^†	1,409^†	1,174^†	1,369^†
Other income	—	—	8^†	6^†	5^†	3^†	5^†	4^†	5^†	4^†	3^†	4^†
Operating expenses	—	—	2,560^†	2,164^†	2,017^†	1,740^†	965^†	660^†	1,142^†	1,335^†	1,129^†	1,259^†
Operating profit	50.5%	—	278^†	235^†	179^†	82^†	-40^†	-68^†	12^†	74^†	45^†	110^†
Operating profit margin	—	—	9.8%^†	9.8%^†	8.1%^†	4.5%^†	-4.4%^†	-11.6%^†	1.0%^†	5.3%^†	3.9%^†	8.0%^†
Depreciation	—	—	52^†	48^†	48^†	42^†	44^†	46^†	41^†	38^†	28^†	24^†
Interest	—	—	21^†	30^†	30^†	25^†	22^†	23^†	15^†	16^†	11^†	4^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	131.3%	—	214	162	106	17	-100^†	-133^†	-38^†	24^†	9^†	85^†
Tax	—	—	54^†	41^†	-1^†	—	—	—	-17^†	5^†	1^†	22^†
Net profit	100.5%	—	160	122	108	20	-100^†	-133^†	-21^†	20^†	9^†	63^†
EPS	100.4%	—	110.39^†	84.08^†	74.54^†	13.71^†	-68.94^†	-92.24^†	—	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	9.8%^†	9.8%^†	8.1%^†	4.5%^†	-4.4%^†	-11.6%^†	1.0%^†	5.3%^†	3.9%^†	8.0%^†
EBIT margin	8.3%^†	8.0%^†	6.2%^†	2.3%^†	-8.5%^†	-18.6%^†	-2.1%^†	2.9%^†	1.7%^†	6.5%^†
PBT margin	7.5%	6.8%	4.8%	0.9%	-10.8%^†	-22.5%^†	-3.3%^†	1.7%^†	0.8%^†	6.2%^†
Net margin	5.6%	5.1%	4.9%	1.1%	-10.8%^†	-22.6%^†	-1.8%^†	1.4%^†	0.7%^†	4.6%^†
Interest coverage	11.32x^†	6.43x^†	4.51x^†	1.69x^†	-3.66x^†	-4.71x^†	-1.62x^†	2.51x^†	1.90x^†	22.16x^†
Dividend payout	16.3%^†	19.0%^†	0.0%^†	0.0%^†	—	—	—	—	—	—
Earnings retention	83.7%^†	81.0%^†	100.0%^†	100.0%^†	—	—	—	—	—	—
Current ratio	1.25x	1.17x	—	—	—	—	—	—	—	—
Quick ratio	0.42x	0.42x	—	—	—	—	—	—	—	—
Debt to equity	0.54x	0.84x	—	—	—	—	—	—	—	—
Return on equity	30.8%	31.8%	—	—	—	—	—	—	—	—
Return on assets	11.4%	9.4%	—	—	—	—	—	—	—	—
Return on capital employed	38.7%^†	36.4%^†	—	—	—	—	—	—	—	—
Asset turnover	2.03x	1.85x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	156	-66	-89	70	86
March 31, 2025	177	-61	-148	62	116
March 31, 2024	-50	-46	127	42	-92
March 31, 2023	90	-42	-55	41	49
March 31, 2022	-19	-7	17	19	-38

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	1,397	519	505	270	11	989	790	5	291	661
March 31, 2025	1,299	383	368	259	63	903	772	3	263	578
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.