SML Mahindra Ltd
SML Mahindra Ltd (SMLMAH) is scheduled to report results on 19 Oct 2026. SML Mahindra Ltd last reported results for the quarter ended Jun 2026, with sales of ₹958 crore and net profit of ₹64 crore. The stock last traded at ₹5,812, a market capitalisation of ₹8,406 crore, on a P/E of 53.8. Over the past 52 weeks the stock has ranged between ₹2,700 and ₹6,909. Figures are as of 9 Oct 2026 and are not real time.
SML Mahindra Ltd share price and key metrics
- Current price
- ₹5,812
- Market cap
- ₹8,406 cr
- Stock P/E
- 53.8
- Book value
- ₹359
- ROE
- 35.4%
- ROCE
- 30.9%
- Dividend yield
- 0.40%
- 52w high / low
- 6909/2700
Metrics as of 9 Oct 2026. Not real time.
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SML Mahindra Ltd growth and returns
- 10 Years
- 9%
- 5 Years
- 37%
- 3 Years
- 16%
- TTM
- 18%
- 10 Years
- 12%
- 5 Years
- 26%
- 3 Years
- 100%
- TTM
- 10%
- 10 Years
- 16%
- 5 Years
- 58%
- 3 Years
- 68%
- 1 Year
- 90%
- 10 Years
- 7%
- 5 Years
- 22%
- 3 Years
- 38%
- Last Year
- 35%
SML Mahindra Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹958 cr, up 13.2% from ₹846 cr a year earlier. Net profit was ₹64 cr, down 4.5% year on year.
| ₹ crore | 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 (₹) | 15.06 | 0.37 | 36.59 | 46.27 | 14.55 | 12.12 | 37.45 | 43.96 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
SML Mahindra Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,356 | 1,135 | 1,409 | 1,154 | 591 | 924 | 1,822 | 2,196 | 2,399 | 2,838 | 2,950 |
| Operating profit | 110 | 45 | 74 | 12 | -69 | -41 | 82 | 179 | 235 | 278 | 273 |
| OPM % | 8% | 4.0% | 5% | 1.0% | -12% | -4.5% | 4.5% | 8% | 10% | 10% | 9% |
| Net profit | 63 | 8 | 20 | -21 | -133 | -100 | 20 | 108 | 122 | 160 | 156 |
| EPS (₹) | 43.54 | 5.87 | 13.52 | -14.55 | -92.24 | -68.94 | 13.71 | 74.55 | 84.08 | 110.39 | 108.08 |
TTM is the trailing twelve months to the most recent quarter.
SML Mahindra Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | 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 | 14 | 14 |
| Reserves | 389 | 384 | 399 | 370 | 241 | 147 | 163 | 271 | 368 | 505 |
| Borrowings | 41 | 212 | 246 | 185 | 261 | 298 | 265 | 421 | 327 | 289 |
| Other liabilities | 341 | 377 | 435 | 289 | 279 | 357 | 494 | 506 | 590 | 588 |
| Total liabilities | 785 | 987 | 1,095 | 859 | 796 | 816 | 937 | 1,213 | 1,299 | 1,397 |
| Fixed assets | 215 | 365 | 380 | 426 | 389 | 349 | 356 | 340 | 321 | 337 |
| CWIP | 78 | 35 | 27 | 3 | 5 | 16 | 11 | 11 | 59 | 47 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 492 | 587 | 688 | 429 | 403 | 450 | 569 | 861 | 919 | 1,013 |
| Total assets | 785 | 987 | 1,095 | 859 | 796 | 816 | 937 | 1,213 | 1,299 | 1,397 |
As reported by the company. Total assets equal total liabilities by construction.
SML Mahindra Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 121 | -33 | 55 | 150 | -47 | -19 | 90 | -50 | 177 | 156 |
| Cash from investing | -89 | -98 | -58 | -47 | -28 | -7 | -42 | -46 | -61 | -66 |
| Cash from financing | -34 | 146 | 10 | -97 | 60 | 17 | -55 | 127 | -148 | -89 |
| Net cash flow | -2 | 15 | 8 | 6 | -15 | -8 | -7 | 31 | -32 | 1 |
| Free cash flow | 1 | -132 | -6 | 102 | -66 | -38 | 49 | -87 | 116 | 86 |
| CFO / operating profit | 132% | -60% | 80% | 1,259% | 67% | 71% | 103% | -27% | 76% | 75% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
SML Mahindra Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 22% | 4% | 6% | -4% | -20% | -16% | 9% | 24% | 27% | 31% |
| Debtor days | 31 | 38 | 38 | 12 | 24 | 31 | 15 | 28 | 40 | 35 |
| Inventory days | 107 | 158 | 146 | 109 | 202 | 143 | 105 | 125 | 116 | 111 |
| Days payable | 70 | 92 | 94 | 67 | 142 | 118 | 73 | 71 | 74 | 68 |
| Cash conversion cycle | 69 | 104 | 91 | 54 | 84 | 56 | 48 | 81 | 82 | 78 |
| Working capital days | 44 | 41 | 28 | 8 | -69 | -74 | -31 | -7 | 17 | 23 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
SML Mahindra Ltd shareholding pattern
Promoters held 58.97% at Jun 2026, up from 43.96% at Jun 2025. FIIs 1.24% and DIIs 2.43%.
| % held | 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 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
When is SML Mahindra Ltd’s next results date?
SML Mahindra Ltd’s next results are scheduled for 19 Oct 2026.
- Board meetingApproval of unaudited financial results for Q2 and half-year ending September 30, 2026
See the full results calendar for every Indian company reporting in the next 30 days.
SML Mahindra Ltd corporate filings
- SML Mahindra Ltd reports September 2026 business update, no financial figures disclosedCompany Updatelow impact
Cruxal's analysis: The company has released a monthly business update for September 2026, with no financial…
Read the full analysis - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for quarter ended on 30th September, 2026Company Updatelow impact
- SML Mahindra Ltd reports September 2026 sales figuresCompany Updatelow impact
Cruxal's analysis: The company announced its sales for September 2026, with specific figures not provided in…
Read the full analysis - SML Mahindra Limited schedules board meeting on 19th October 2026 to approve Q2 & H1 FY2026-27 financial results, with trading window closure from 1st to 22nd October 2026Board Meetinglow impact
Cruxal's analysis: SML Mahindra Limited has announced a scheduled board meeting on 19th October 2026 to…
Read the full analysis - Closure of trading window from 1st October, 2026 to 22nd October, 2026 for the declaration of unaudited financial results of the Company for the second quarter and half year ending on 30th ....Insider Trading / SASTlow impact
- SML Mahindra Ltd announces special window for re-lodgement of physical share transfer requestsCompany Updatelow impact
Cruxal's analysis: SML Mahindra Ltd has issued a newspaper advertisement regarding a special window for the…
Read the full analysis - SML Mahindra Ltd releases monthly business update for August 2026Company Updatelow impact
Cruxal's analysis: SML Mahindra Ltd has filed its monthly business update for the period ending August 2026…
Read the full analysis - SML Mahindra Limited shareholders approve acquisition of Mahindra & Mahindra's truck and bus divisionAGM/EGMhigh impact
Cruxal's analysis: SML Mahindra Limited has received shareholder approval via postal ballot for the…
Read the full analysis - SML Mahindra Ltd reports monthly sales figures for August 2026Company Updatelow impact
Cruxal's analysis: SML Mahindra Ltd has released its monthly business update regarding sales figures for…
Read the full analysis - SML Mahindra Limited Disseminates Business Valuation Report and Fairness Opinion for Proposed TransactionAGM/EGMlow impact
Cruxal's analysis: SML Mahindra Limited has formally made the Business Valuation Report (dated 27th July…
Read the full analysis - SML Mahindra Ltd announces newspaper publication for Postal Ballot noticeCompany Updatelow impact
Cruxal's analysis: SML Mahindra Ltd has published a notice in newspapers regarding the upcoming Postal…
Read the full analysis - SML Mahindra Ltd releases monthly business update for July 2026Company Updatelow impact
Cruxal's analysis: SML Mahindra Ltd has filed its monthly business update for the period of July 2026 in…
Read the full analysis - SML Mahindra Limited to Acquire Mahindra & Mahindra's Truck and Bus Division for INR 550 Crore as Part of a Larger INR 4,660 Crore Related Party Transaction ApprovalAGM/EGMhigh impact
Cruxal's analysis: SML Mahindra Limited is seeking shareholder approval via postal ballot to acquire the…
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