SML Mahindra balance sheet

As of Sep 2026

Total assets: ₹1,166cr−2.3% on Sep 2025
Shareholders' equity: ₹560cr+26.2% on Sep 2025
Total debt: ₹29.9cr−88.0% on Sep 2025
Cash and investments: ₹4.5cr+373.4% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	285	299	268	272	281
	45.2	23.3	42.3	2.6	0.9
	36.9	38.3	53.0	68.3	74.7
	34.3	23.6	17.2	8.0	10.2
	0.9	0.7	1.5	2.0	0.8
	1.4	3.3	2.9	2.9	4.2
	2.2	—	—	—	—
	—	—	0.0	19.1	17.5
	20.0	—	—	—	—
	423	408	396	388	398
	594	661	578	580	422
	96.8	270	265	169	75.7
	4.5	4.5	3.1	34.8	3.5
	15.0	16.2	16.7	13.9	2.4
	1.1	0.9	0.9	0.7	0.5
	2.1	1.9	2.2	1.3	0.6
	119	293	287	219	82.2
	29.8	34.4	37.1	25.2	33.7
	743	989	903	825	538
	1,166	1,397	1,299	1,213	937
Equity
	14.5	14.5	14.5	14.5	14.5
	545	505	368	271	163
	560	519	383	286	178
	560	519	383	286	178
Liabilities
	1.2	10.6	62.6	40.4	16.5
	20.9	—	—	—	—
	22.1	—	—	—	—
	38.5	33.4	48.0	50.3	40.1
	17.2	20.5	17.8	—	—
	3.0	2.8	1.8	1.8	1.7
	80.8	87.7	145	107	73.7
	28.7	270	259	375	242
	373	—	—	—	—
	31.1	—	—	—	—
	433	—	655	719	548
	44.5	40.6	33.1	32.4	15.9
	3.0	0.1	2.3	0.1	0.1
	44.9	58.6	79.0	65.5	119
	525	790	772	820	685
	606	877	917	927	759
	1,166	1,397	1,299	1,213	937
Trade payables — MSME split
	27.3	—	—	—	—
	346	—	—	—	—

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

alphave

SMLMAH₹4,848.00

SML Mahindra Ltd.

· Capital Goods & Defence

₹ CrorePeersASHOKLEY EICHERMOT SKIPPER SKFINDUS SUBROS SHAKTIPUMP SURYAROSNI TDPOWERSYSMcap ₹7,016 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Non-current Assets
+ Property, Plant & Equipment	281.2	272.2	268.0	298.8	284.6
+ Capital Work-in-Progress	0.9	2.6	42.3	23.3	45.2
+ Other Intangibles	74.7	68.3	53.0	38.3	36.9
+ Intangibles under Development	10.2	8.0	17.2	23.6	34.3
+ Long-term Loans	0.8	2.0	1.5	0.7	0.9
+ Other Non-current Financial Assets	4.2	2.9	2.9	3.3	1.4
Non-current Financial Assets	—	—	—	—	2.2
+ Deferred Tax Assets	17.5	19.1	0.0	—	—
+ Other Non-current Assets	—	—	—	—	20.0
Total Non-current Assets	398.4	387.9	396.1	408.1	423.2
Current Assets
+ Inventories	421.9	579.7	578.0	660.7	593.5
+ Trade Receivables	75.7	169.0	265.3	270.2	96.8
+ Cash & Cash Equivalents	3.5	34.8	3.1	4.5	4.5
+ Other Bank Balances	2.4	13.9	16.7	16.2	15.0
+ Short-term Loans	0.5	0.7	0.9	0.9	1.1
+ Other Current Financial Assets	0.6	1.3	2.2	1.9	2.1
Current Financial Assets	82.2	219.0	287.3	292.8	119.5
+ Other Current Assets	33.7	25.2	37.1	34.4	29.8
Total Current Assets	538.2	824.6	903.3	988.7	742.9
Total Assets	936.6	1,212.5	1,299.4	1,396.8	1,166.1
Equity
+ Equity Share Capital	14.5	14.5	14.5	14.5	14.5
+ Other Equity / Reserves	163.5	271.1	368.2	504.9	545.4
Equity — Owners of Parent	177.9	285.6	382.7	519.3	559.9
Total Equity	177.9	285.6	382.7	519.3	559.9
Liabilities
+ Borrowings — Non-current	16.5	40.4	62.6	10.6	1.2
+ Other Non-current Financial Liab	—	—	—	—	20.9
Non-current Financial Liabilities	—	—	—	—	22.1
+ Provisions — Non-current	40.1	50.3	48.0	33.4	38.5
+ Deferred Tax Liabilities	—	—	17.8	20.5	17.2
+ Other Non-current Liabilities	1.7	1.8	1.8	2.8	3.0
Non-current Liabilities	73.7	107.4	145.0	87.7	80.8
+ Borrowings — Current	241.6	375.3	259.2	269.5	28.7
+ Trade Payables	—	—	—	—	373.2
+ Other Current Financial Liab	—	—	—	—	31.1
Current Financial Liabilities	547.7	719.0	654.5	—	433.0
+ Provisions — Current	15.9	32.4	33.1	40.6	44.5
+ Current Tax Liabilities	0.1	0.1	2.3	0.1	3.0
+ Other Current Liabilities	118.8	65.5	79.0	58.6	44.9
Current Liabilities	685.0	819.6	771.7	789.7	525.4
Total Liabilities	758.6	926.9	916.8	877.4	606.2
Total Equity & Liabilities	936.6	1,212.5	1,299.4	1,396.8	1,166.1
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	—	—	27.3
+ Dues to Other Creditors — Current	—	—	—	—	345.9

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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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%.