SML MAHINDRA LIMITED (SMLMAH) financials

SML MAHINDRA LIMITED (SMLMAH) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

SML ISUZU LIMITED was incorporated as Swaraj Vehicles Ltd in 1983 and was promoted by Punjab Tractors Ltd with technical collaboration Mazda Motor Corporation, Japan, and Sumitomo Corporation, Japan. In 2004, the technical collaboration agreement with Mazda expired 2004 and sold its entire stake to Sumitomo Corporation and in the same time, it signed a technical assistance agreement with Isuzu Mo…

Market Cap: ₹8,386Cr.
Current Price: ₹5,796
Stock P/E: 53.6
ROE: 35.4%
ROCE: 30.9%
Book Value: ₹359
Dividend Yield: 0.41%
52W High / Low: ₹6,909/2,700

In Jun 2026, SML MAHINDRA LIMITED (SMLMAH) reported sales ₹958 Cr and net profit ₹64 Cr.

Annual TTM: sales ₹2,950 Cr, net profit ₹156 Cr.

Shareholding: Promoters 58.97% (Jun 2026), FIIs 1.24% (Jun 2026), DIIs 2.43% (Jun 2026), Public 37.35% (Jun 2026), No. of Shareholders 41,457% (Jun 2026).

SMLMAH quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	550	332	771	846	555	539	898	958
Expenses	505	313	681	741	513	498	807	857
Operating Profit	45	18	90	105	42	41	90	100
OPM %	8%	6%	12%	12%	8%	8%	10%	10%
Other Income	2	2	2	2	2	2	3	1
Interest	6	7	9	5	3	6	7	3
Depreciation	12	12	12	12	13	13	13	13
Profit before tax	29	1	71	90	28	24	73	85
Tax %	24%	29%	26%	25%	26%	25%	25%	25%
Net Profit	22	1	53	67	21	18	54	64
EPS in Rs	15.06	0.37	36.59	46.27	14.55	12.12	37.45	43.96
Raw PDF	—	—	—	—	—	—	—	—

SMLMAH profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,154	591	924	1,822	2,196	2,399	2,838	2,950
Expenses	1,142	660	965	1,740	2,017	2,164	2,560	2,676
Operating Profit	12	-69	-41	82	179	235	278	273
OPM %	1.0%	-12%	-4.5%	4.5%	8%	10%	10%	9%
Other Income	5	5	6	3	5	6	8	7
Interest	15	23	22	25	30	30	21	18
Depreciation	41	46	44	42	48	48	52	53
Profit before tax	-38	-133	-100	17	106	162	214	210
Tax %	-45%	0%	-1%	-15%	-1%	25%	25%	—
Net Profit	-21	-133	-100	20	108	122	160	156
EPS in Rs	-14.55	-92.24	-68.94	13.71	74.55	84.08	110.39	108.08
Dividend Payout %	0%	0%	0%	0%	21%	21%	21%	—

SMLMAH balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	14	14	14	14	14	14	14	14
Reserves	399	370	241	147	163	271	368	505
Borrowings	246	185	261	298	265	421	327	289
Other Liabilities	435	289	279	357	494	506	590	588
Total Liabilities	1,095	859	796	816	937	1,213	1,299	1,397
Fixed Assets	380	426	389	349	356	340	321	337
CWIP	27	3	5	16	11	11	59	47
Investments	0	0	0	0	0	0	0	0
Other Assets	688	429	403	450	569	861	919	1,013
Total Assets	1,095	859	796	816	937	1,213	1,299	1,397

SMLMAH cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	55	150	-47	-19	90	-50	177	156
Cash from Investing Activity	-58	-47	-28	-7	-42	-46	-61	-66
Cash from Financing Activity	10	-97	60	17	-55	127	-148	-89
Net Cash Flow	8	6	-15	-8	-7	31	-32	1
Free Cash Flow	-6	102	-66	-38	49	-87	116	86
CFO/OP	80%	1,259%	67%	71%	103%	-27%	76%	75%

SMLMAH shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	43.96%	43.96%	43.96%	43.96%	58.97%	58.97%	58.97%	58.97%
FIIs	15.35%	15.32%	15.24%	15.73%	1.80%	0.61%	0.77%	1.24%
DIIs	0.05%	0.00%	0.04%	0.29%	0.63%	0.64%	1.56%	2.43%
Public	40.63%	40.72%	40.76%	40.02%	38.60%	39.78%	38.71%	37.35%
No. of Shareholders	29,465	29,445	29,915	28,716	37,373	36,718	39,068	41,457

SMLMAH key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	38	12	24	31	15	28	40	35
Inventory Days	146	109	202	143	105	125	116	111
Days Payable	94	67	142	118	73	71	74	68
Cash Conversion Cycle	91	54	84	56	48	81	82	78
Working Capital Days	28	8	-69	-74	-31	-7	17	23
ROCE %	6%	-4%	-20%	-16%	9%	24%	27%	31%

SMLMAHUpdated 13 Oct 2026, 5:49

Sml Mahindra Limited

SMLMAHUpdated 13 Oct 2026, 5:49

Market Cap

₹8,386Cr.

Current Price

₹5,796

High / Low

₹6,909/2,700

Stock P/E

53.6

ROE35.4%

ROCE30.9%

Book Value₹359

Face Value₹10.0

Dividend Yield0.41%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	632	5	585	2	12	32	1	32	21.97
Sep 2023	499	7	459	0	12	21	0	21	14.57
Dec 2023	386	8	364	1	12	3	6	3	1.85
Mar 2024	680	11	608	2	12	50	-4	52	36.15
Jun 2024	746	8	665	1	12	62	25	46	32.06
Sep 2024	550	6	505	2	12	29	24	22	15.06
Dec 2024	332	7	313	2	12	1	29	1	0.37
Mar 2025	771	9	681	2	12	71	26	53	36.59
Jun 2025	846	5	741	2	12	90	25	67	46.27
Sep 2025	555	3	513	2	13	28	26	21	14.55
Dec 2025	539	6	498	2	13	24	25	18	12.12
Mar 2026	898	7	807	3	13	73	25	54	37.45
Jun 2026	958	3	857	1	13	85	25	64	43.96

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	1106	6	1036	5	20	49	24	37	25.53
Mar 2016	1166	5	1079	6	20	68	25	51	35.35
Mar 2017	1356	6	1246	4	24	84	25	63	43.54
Mar 2018	1135	11	1090	3	28	9	10	8	5.87
Mar 2019	1409	16	1335	4	38	24	20	20	13.52
Mar 2020	1154	15	1142	5	41	-38	-45	-21	-14.55
Mar 2021	591	23	660	5	46	-133	0	-133	-92.24
Mar 2022	924	22	965	6	44	-100	-1	-100	-68.94
Mar 2023	1822	25	1740	3	42	17	-15	20	13.71
Mar 2024	2196	30	2017	5	48	106	-1	108	74.55
Mar 2025	2399	30	2164	6	48	162	25	122	84.08
Mar 2026	2838	21	2560	8	52	214	25	160	110.39
TTM	2950	18	2676	7	53	210	—	156	108.08

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	58.97%
FIIs	1.24%
DIIs	2.43%
Public	37.35%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Sep 2023	43.96%	15.28%	0%	40.76%
Dec 2023	43.96%	15.43%	0%	40.59%
Mar 2024	43.96%	15.81%	0%	40.22%
Jun 2024	43.96%	15.32%	0.07%	40.65%
Sep 2024	43.96%	15.35%	0.05%	40.63%
Dec 2024	43.96%	15.32%	0%	40.72%
Mar 2025	43.96%	15.24%	0.04%	40.76%
Jun 2025	43.96%	15.73%	0.29%	40.02%
Sep 2025	58.97%	1.8%	0.63%	38.6%
Dec 2025	58.97%	0.61%	0.64%	39.78%
Mar 2026	58.97%	0.77%	1.56%	38.71%
Jun 2026	58.97%	1.24%	2.43%	37.35%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Other Assets	Total Assets
Mar 2015	14	288	22	350	675	138	27	511	675
Mar 2016	14	326	55	332	727	171	40	515	727
Mar 2017	14	389	41	341	785	215	78	492	785
Mar 2018	14	384	212	377	987	365	35	587	987
Mar 2019	14	399	246	435	1095	380	27	688	1095
Mar 2020	14	370	185	289	859	426	3	429	859
Mar 2021	14	241	261	279	796	389	5	403	796
Mar 2022	14	147	298	357	816	349	16	450	816
Mar 2023	14	163	265	494	937	356	11	569	937
Mar 2024	14	271	421	506	1213	340	11	861	1213
Mar 2025	14	368	327	590	1299	321	59	919	1299
Mar 2026	14	505	289	588	1397	337	47	1013	1397

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	69	-103	11	-23
Mar 2016	-12	-13	17	-8
Mar 2017	121	-89	-34	-2
Mar 2018	-33	-98	146	15
Mar 2019	55	-58	10	8
Mar 2020	150	-47	-97	6
Mar 2021	-47	-28	60	-15
Mar 2022	-19	-7	17	-8
Mar 2023	90	-42	-55	-7
Mar 2024	-50	-46	127	31
Mar 2025	177	-61	-148	-32
Mar 2026	156	-66	-89	1

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	34	32	31	38	38	12	24	31	15	28	40	35
Inventory Days	129	146	107	158	146	109	202	143	105	125	116	111
Days Payable	90	74	70	92	94	67	142	118	73	71	74	68
Cash Conversion Cycle	73	104	69	104	91	54	84	56	48	81	82	78
Working Capital Days	29	41	44	41	28	8	-69	-74	-31	-7	17	23
ROCE %	19%	20%	22%	4%	6%	-4%	-20%	-16%	9%	24%	27%	31%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of SML MAHINDRA LIMITED (SMLMAH)?

The reported market capitalisation for SML MAHINDRA LIMITED (SMLMAH) is ₹8,386Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of SMLMAH?

The current price shown for SML MAHINDRA LIMITED (SMLMAH) on Fincrux is ₹5,796 with a 52-week high/low of ₹6,909/2,700.

What is the P/E ratio of SML MAHINDRA LIMITED (SMLMAH)?

The stock P/E for SML MAHINDRA LIMITED (SMLMAH) is 53.6 on Fincrux, with ROE at 35.4% and ROCE at 30.9%.

What were SMLMAH latest quarterly results?

For Jun 2026, SML MAHINDRA LIMITED (SMLMAH) reported sales ₹958 Cr and net profit ₹64 Cr (figures in ₹ crore unless noted).

What are SMLMAH annual sales and net profit?

For TTM, SML MAHINDRA LIMITED (SMLMAH) shows sales of ₹2,950 Cr and net profit of ₹156 Cr on the Fincrux profit & loss statement.

Who owns SML MAHINDRA LIMITED (SMLMAH)?

Latest shareholding for SML MAHINDRA LIMITED (SMLMAH) on Fincrux: Promoters 58.97% (Jun 2026), FIIs 1.24% (Jun 2026), DIIs 2.43% (Jun 2026), Public 37.35% (Jun 2026), No. of Shareholders 41,457% (Jun 2026).

Where can I find SML MAHINDRA LIMITED (SMLMAH) financials?

SML MAHINDRA LIMITED (SMLMAH) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show SMLMAH balance sheet and cash flow?

Yes. The SML MAHINDRA LIMITED (SMLMAH) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 13 October 2026 at 5:49