SML Mahindra financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹670cr+20.7% on Q2 FY26
Net profit
₹11.7cr−44.4% on Q2 FY26
EBITDA margin
4.3%−3.3 pts on Q2 FY26
EPS
₹8.09−44.4% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue670555+20.7%
EBITDA28.541.9−32.0%
EBITDA margin4.3%7.6%−3.3 pts
Profit before tax15.928.3−44.0%
Net profit11.721.1−44.4%
EPS₹8.09₹14.55−44.4%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹670 crNet profit₹11.7 crNet margin1.8%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
7,016————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
4.54.53.134.83.5
280280322416258
7,291————
3,0642,8382,3992,1961,822
—+18.3%+9.2%+20.6%—
26027823517981.6
8.5%9.8%9.8%8.2%4.5%
20722618613139.2
14716012210819.8
4.8%5.6%5.1%4.9%1.1%
₹101.62₹110.39₹84.08₹74.55₹13.71
—+31.3%+12.8%+443.9%—
—156177−49.790.1
—−70.3−62.0−42.4−41.3
85.985.9115−92.148.8
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

SMLMAH₹4,848.00

SML Mahindra Ltd.

· Capital Goods & Defence
₹ CrorePeersASHOKLEYEICHERMOTSKIPPERSKFINDUSSUBROSSHAKTIPUMPSURYAROSNITDPOWERSYSMcap ₹7,016 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————7,015.8
- Cash, Equiv & ST Investments3.534.83.14.54.5
+ Total Debt258.1415.7321.8280.2280.2
Enterprise Value————7,291.5
Revenue1,821.62,195.92,399.02,837.93,064.3
Growth %, YoY—+20.6+9.2+18.3—
EBITDA81.6178.9234.6278.4260.1
Margin %4.488.159.789.818.49
EBIT39.2131.4186.2226.4206.7
Net Income19.8107.9121.7159.8147.1
Margin %1.094.915.075.634.80
EPS, Adj (current shares)13.7174.5584.08110.39101.62
Growth %, YoY—+443.9+12.8+31.3—
Cash from Operations90.1-49.7177.5156.2—
Capital Expenditures-41.3-42.4-62.0-70.3—
Free Cash Flow48.8-92.1115.585.985.9
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 85%.

SML Mahindra financials and key ratios

Prices at the previous close · figures from the company's filings with NSE

SML Mahindra (NSE: SMLMAH) had a market capitalisation of ₹7,020 crore at the previous close (₹4,848.00 a share), a PE ratio of 47.7 on the last four quarters' profit and a price-to-book ratio of 12.54. In FY26 its consolidated net profit was ₹160 crore on revenue of ₹2,838 crore; in Q2 FY27 (July–September 2026) it was ₹11.7 crore, down 44.4% year on year. Its debt-to-equity ratio was 0.05 on 30 September 2026. Promoters held 58.97% of the shares on 30 September 2026.

SML Mahindra Q2 FY27 results
filed 19 October 2026
Share price used
₹4,848.00 · previous close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

SML Mahindra at a glance · consolidated

Market cap
₹7,020 Crat ₹4,848.00 · previous close
PE ratio (last 4 quarters)
47.743.9 on FY26 profit
Price to book (PB)
12.54book value ₹386.68 a share
ROE (FY26)
35.4%−1.0 pts vs FY25ROCE 39.9%
Debt to equity
0.05net debt ₹10.5 Cr
Promoter holding
58.97%unchanged vs 30 Jun 202630 September 2026
Dividend yield
0.48%₹23.50 a share in 12 months
Net worth
₹560 Cr+26.2% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹85.9 Cr−25.7% vs FY25

Questions

What is the SML Mahindra PE ratio today?

SML Mahindra's PE ratio is 47.7 at the previous close (₹4,848.00 a share): a market capitalisation of ₹7,020 crore divided by consolidated net profit of ₹147 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹160 crore) it is 43.9.

What is the SML Mahindra net worth?

SML Mahindra's net worth — shareholders' equity in its consolidated balance sheet — was ₹560 crore on 30 September 2026, up 26.2% from ₹444 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹7,020 crore at the previous close.

What is the SML Mahindra book value per share?

SML Mahindra's book value per share was ₹386.68 on 30 September 2026: shareholders' equity of ₹560 crore divided by the 1.45 crore shares in issue, up 26.2% from ₹306.51 a year earlier. The share price at the previous close was ₹4,848.00.

What is the SML Mahindra PB ratio (price to book value)?

SML Mahindra's price-to-book (PB) ratio is 12.54 at the previous close: a market capitalisation of ₹7,020 crore divided by shareholders' equity (book value) of ₹560 crore on 30 September 2026. That is a book value of ₹386.68 per share against a share price of ₹4,848.00.

Is SML Mahindra debt free?

No. SML Mahindra had borrowings of ₹29.9 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.05. Its cash and current investments were ₹19.5 crore, so its net debt was ₹10.5 crore.

What is the SML Mahindra ROE and ROCE?

In FY26, SML Mahindra's return on equity (ROE) was 35.4% and its return on capital employed (ROCE) was 39.9%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 36.4% and ROCE 40.5%.

What is the SML Mahindra market cap?

SML Mahindra's market capitalisation was ₹7,020 crore at the previous close: 1.45 crore shares at ₹4,848.00 each.

What is the SML Mahindra EPS?

SML Mahindra's basic earnings per share (EPS) were ₹110.39 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹101.62.

What is the SML Mahindra dividend in 2026 and its record date?

In 2026, SML Mahindra has declared one dividend: ₹23.50 with record date 3 July 2026.

What is the SML Mahindra debt to equity ratio?

SML Mahindra's debt-to-equity ratio was 0.05 on 30 September 2026: borrowings of ₹29.9 crore against total equity of ₹560 crore. A year earlier, on 30 September 2025, it was 0.56.

What is the SML Mahindra dividend yield?

SML Mahindra's dividend yield is 0.48% at the previous close: dividends of ₹23.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹4,848.00. They were ₹23.50 on 3 July 2026.

What is the SML Mahindra promoter holding?

Promoters held 58.97% of SML Mahindra on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the SML Mahindra shareholding pattern?

On 30 September 2026, SML Mahindra's shares were held by promoters 58.97%, foreign portfolio investors (FII/FPI) 3.65%, domestic institutions (DII) 2.75% (including mutual funds at 1.68%) and retail and other non-institutional investors 34.63%. Over the year, FII holding was up 1.85 percentage points from 1.80% and DII holding was up 2.12 percentage points from 0.63%.

What are the SML Mahindra latest quarterly results?

SML Mahindra's latest results are for Q2 FY27 (July–September 2026), filed on 19 October 2026: consolidated net profit ₹11.7 crore, down 44.4% from ₹21.1 crore in Q2 FY26; revenue from operations ₹670 crore, up 20.7% year on year.

What is the SML Mahindra revenue and profit in FY26?

In FY26 (April 2025–March 2026), SML Mahindra's consolidated net profit was ₹160 crore, up 31.3% from ₹122 crore in FY25, on revenue from operations of ₹2,838 crore (up 18.3%). Over three years, from FY23, net profit was up 705.4%.

What is the SML Mahindra free cash flow?

In FY26, SML Mahindra generated ₹156 crore of cash from operations and spent ₹70.3 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹85.9 crore. In FY25 it was ₹115 crore.

When are the SML Mahindra next results?

SML Mahindra has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

SML Mahindra vs Ashok Leyland: how do they compare?

In FY26, SML Mahindra earned net profit of ₹160 crore on revenue of ₹2,838 crore, against ₹3,471 crore on ₹56,362 crore for Ashok Leyland. SML Mahindra's operating margin was 8.0% (Ashok Leyland 17.1%) and its return on equity 35.4% (Ashok Leyland 26.2%).

How does SML Mahindra compare with its peers?

On FY26 consolidated figures, against Ashok Leyland, Eicher Motors and Skipper: SML Mahindra's operating margin of 8.0% is the lowest of the four (Ashok Leyland 17.1%, Eicher Motors 21.1%, Skipper 8.9%; peer average 15.7%); its return on equity of 35.4% is the highest of the four (Ashok Leyland 26.2%, Eicher Motors 23.8%, Skipper 15.9%; peer average 22.0%); its revenue growth over three years of 15.9% a year is the third highest of the four (Ashok Leyland 10.6% a year, Eicher Motors 17.5% a year, Skipper 41.0% a year; peer average 23.0% a year).

Where do these SML Mahindra figures come from?

From SML Mahindra's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.