SML MAHINDRA LIMITED
Latest filings
- SML Mahindra Q2 FY27 PAT drops to Rs 11.7 cr from Rs 63.6 cr in Q1 · Compliance
- SML Mahindra updates Fair Disclosure Code under SEBI insider trading rules · Regulatory & Legal
- SML Mahindra Q2 FY27 Results: Revenue Up 20%, Profit Down Sharply · Results
Snapshot
What the business is, and whether it's a good one at a fair price.
Makes buses and trucks for India's commercial vehicle market, with passenger buses and cargo light commercial vehicles as its two main product lines. In July 2026, monthly sales reached 1,603 units, of which 1,186 were passenger vehicles and 417 cargo; year-to-date April-July FY27 passenger segment grew 19% while cargo declined 12%. The company became a Mahindra Group subsidiary in August 2025 and is acquiring parent Mahindra's Truck and Bus Division for ₹525 crore on a slump sale basis (expected close by January 2027), adding 14,832 vehicles and ₹2,989 crore in FY26 turnover from MTBD. It targets ₹15,000 crore revenue by FY31 and a 10–12% combined market share, with current combined ILCV bus share around 12% (the #3 player) and ILCV truck share around 6%. Its first EV bus is slated for FY27 launch. Materials at 75.4% of revenue dominate costs, prompting a 2–3% price increase from 15 April 2026. Service network is being expanded to 450 touchpoints by Q1 FY27 from about 300 per brand pre-acquisition.
Scorecard
Measured from the filed financials, judged against its Agricultural Commercial & Construction Vehicles peers · as of FY26 — not investment advice
Strengths
Concerns
Charts
How has the market priced it — with filings on the timeline?
SMLMAH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
How does it stack up on valuation, returns and growth?
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from SML MAHINDRA LIMITED's filed financials and exchange disclosures
What does SML MAHINDRA LIMITED do?
SML MAHINDRA LIMITED is a Agricultural Commercial & Construction Vehicles company listed on NSE and BSE, trading under the symbol SMLMAH.
Is SML MAHINDRA LIMITED profitable?
Yes. Over the trailing twelve months SML MAHINDRA LIMITED reported a net profit of ₹156 Cr on revenue of ₹2,950 Cr.
Does SML MAHINDRA LIMITED pay a dividend?
Yes. The dividend yield is 0.38% at the current price. It paid out 16% of its profit as dividend in FY26.
Is SML MAHINDRA LIMITED debt-free?
No. It reported borrowings of ₹280 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹276 Cr after cash. Debt stands at 0.54× equity. That is higher than 80% of its 11 Agricultural Commercial & Construction Vehicles peers.
Is SML MAHINDRA LIMITED expensive compared with its peers?
On trailing P/E, SML MAHINDRA LIMITED ranks 10 of 11 in Agricultural Commercial & Construction Vehicles — cheaper than 10% of them, against an industry median of 27.4×. This is a position, not a valuation judgement.
How much does the SML MAHINDRA LIMITED share price move in a day?
On a typical session SML MAHINDRA LIMITED moves 2.22% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.
Where can I track SML MAHINDRA LIMITED's announcements?
Every NSE and BSE filing by SML MAHINDRA LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.