SM
SML Mahindra Ltd (SMLMAH)
₹4,724.50
Mkt cap
₹6,836 Cr
P/E ratio
46.50
P/B
12.21
Div yield
0.50%
ROE
35.40%
ROCE
30.90%
EPS (TTM)
₹101.60
Book value
₹387
52W range
2,749–6,899
Sector
Industrials
Price history
Previous close
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 Motors. In 2011, it was renamed as SML ISUZU and Sumitomo Corporation(Japan) and Isuzu Motors(Japan) own 44% and 15% stake, respectively [1]
NSE SMLMAHBSE 505192
Health check
Mixed
ValuationExpensive
ProfitabilityStrong
GrowthModerate
TechnicalsNeutral
52-week range
−31.51% from high₹4,725
₹2,749+71.86% from low₹6,899
Current
₹4,724.50
Prev close
₹4,848.00
Day
−2.55%
Price performance
1D
−3.05%
1W
−2.96%
1M
−28.97%
3M
−14.22%
6M
+24.27%
1Y
+66.49%
YTD
+15.63%
Financials
Revenue, profit & margin
P/E ratio
46.5×
SMLMAH is 101% above the sector median of 23.1×
SMLMAH46.5×
Sector median23.1×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 499 | 386 | 680 | 746 | 550 | 332 | 771 | 846 | 555 | 539 | 898 | 958 | 670 | |
| Expenses | 459 | 364 | 608 | 665 | 505 | 313 | 681 | 741 | 513 | 498 | 807 | 857 | 641 | |
| Operating Profit | 39 | 22 | 71 | 81 | 45 | 18 | 90 | 105 | 42 | 41 | 90 | 100 | 29 | |
| OPM % | 8% | 6% | 10% | 11% | 8% | 6% | 12% | 12% | 8% | 8% | 10% | 10% | 4.3% | |
| Other Income | 0 | 1 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 1 | 2 | |
| Interest | 7 | 8 | 11 | 8 | 6 | 7 | 9 | 5 | 3 | 6 | 7 | 3 | 1 | |
| Depreciation | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 13 | 13 | 13 | 13 | |
| Profit before tax | 21 | 3 | 50 | 62 | 29 | 1 | 71 | 90 | 28 | 24 | 73 | 85 | 16 | |
| Tax % | 0% | 6% | -4% | 25% | 24% | 29% | 26% | 25% | 26% | 25% | 25% | 25% | 26% | |
| Net Profit | 21 | 3 | 52 | 46 | 22 | 1 | 53 | 67 | 21 | 18 | 54 | 64 | 12 | |
| EPS in Rs | 14.57 | 1.85 | 36.15 | 32.06 | 15.06 | 0.37 | 36.59 | 46.27 | 14.55 | 12.12 | 37.45 | 43.96 | 8.08 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −10.00% · closed higher next day 0 of last 1
| Q2FY27 | |
|---|---|
| Broadcast | 19 Oct '26◦ |
| Earnings day | −10.00% |
| +1 day | −19.00% |
| +5 days | −22.03% |
| +15 days | — |
| +30 days | — |
| Filing | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Sep 202658.97%Promoter
Promoters58.97%
FIIs3.65%2.41
DIIs2.74%0.31
Public34.64%2.71
Ownership trend
Peers
4 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Tata Motors | ₹396.35 | 20.42 | 1,45,969 | 1.01% | 1,254 | +81.08% | 25,338 | +36.34% | 35.90% |
| Ashok Leyland | ₹144.82 | 22.84 | 85,065 | 2.42% | 668 | +0.78% | 13,070 | +11.62% | 13.63% |
| SML Mahindra | ₹4,724.50 | 46.49 | 6,836 | 0.50% | 12 | −44.42% | 670 | +20.66% | 30.90% |
| Atul Auto | ₹406.35 | 23.37 | 1,128 | 0.74% | 8 | +168.81% | 218 | +42.97% | 11.32% |
| Median: 4 Co. | ₹401.35 | 23.11 | 45,951 | 0.88% | 340 | +40.93% | 6,870 | +28.50% | 22.27% |
Filings
Annual reports15
Concall transcripts17
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Oct - Newspaper Advertisements - Unaudited Financial Results for the second quarter and half year ended on 30th September, 2026Amendment To The Code Of Practices And Procedures For Fair Disclosure Of Unpublished Price Sensitive Information 19 Oct - SML Mahindra amended its fair disclosure code, effective 19 October 2026.Board Meeting Outcome for Outcome Of Board Meeting Held On 19.10.2026 19 Oct - Board approved Q2 and H1 FY2026-27 unaudited financial results on 19 October 2026.Outcome Of Board Meeting Held On 19.10.2026 19 OctIntimation Under Regulation 30(5) Of The SEBI (LODR) Regulations 2015 12 Oct - CFO Mr. Pushkar Parwardhan ceases 19 Oct 2026; Ms. Manaswini Goel interim CFO, Mr. Surender Kalra1 Jan 2027.